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We Compared Old vs New Condos in One of Singapore’s Fastest-Changing Neighbourhoods — Here’s What We Found Out
District 14 (D14) is one of the most interesting parts of Singapore, when it comes to the property market. Part of this is due to a sharp transformation since around 2019: when Paya Lebar Quarter (PLQ) was built, it transformed the area into a major commercial hub. Besides that, the residential stretch from Geylang to Paya Lebar has been tough to classify: it’s convenient but heavily urbanised, it’s somewhat-close-to-the-east but still quite central, and it’s a district that’s viable for both investors and owner-occupiers. So it’s perhaps it’s in D14, where the question “should you buy a newer or older condo” becomes very relevant:
Let’s start by looking at the overall performance of resale condos in District 14
We’re using resale to avoid any distortions from developer discounts.
| Year | D14 | All non-landed private properties |
| 2014 | $1,066 | $1,215 |
| 2015 | $1,093 | $1,197 |
| 2016 | $1,086 | $1,248 |
| 2017 | $1,099 | $1,293 |
| 2018 | $1,184 | $1,323 |
| 2019 | $1,199 | $1,346 |
| 2020 | $1,198 | $1,280 |
| 2021 | $1,286 | $1,354 |
| 2022 | $1,458 | $1,473 |
| 2023 | $1,613 | $1,595 |
| 2024 | $1,727 | $1,681 |
| Annualised | 4.94% | 3.30% |
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