How A 30-Year-Old Condo Became Serangoon’s Strongest-Performing Condo For 2-Bedders — With Average Profits Of $457,000
By some accounts, Serangoon is an unusual area when it comes to Singapore’s property market. While it’s technically a suburban locale, in the Outside Central Region (OCR), most Singaporeans will tell you that the area is far more accessible and convenient than that label implies.
Serangoon is also quite a versatile residential area, and the range of properties that can be found there range from landed homes to condos, and public housing. Thus, there are residents from all walks of life in Serangoon, and it’s a location with equally strong appeal to young couples, retirees, families, and landlords.
It makes sense for us to examine Serangoon as one of the areas in our series of the top-performing two-bedders in the market. Here’s where we found the best projects for buyers looking for two-bedroom units in Serangoon.
Which condos in Serangoon delivered the best returns, in terms of two-bedders, over the past 10 years?
To identify the strongest performer, we analysed the profitability of two-bedders across condominiums in Serangoon over the past 10 years. We focused only on subsale and resale transactions, excluding developer sales which could distort this price analysis.
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