This 130-Unit Condo Launched 40% Above Its District

This 130-Unit Condo Launched 40% Above Its District — And Prices Struggled To Grow

Kandis Residence is a 130-unit leasehold condo in a landed enclave in Sembawang, launched in 2017 at prices over 40% above the District 27 average. This Stacked Pro analysis reviews its launch sales, resale performance, unit type trends, and buyer profiles to assess whether its low-density positioning translated into meaningful price growth.

By Ryan J. Ong

Published 24 February 2026, 9:30 PM SGT · 8 min read · 67

When the 130-unit Kandis Residence launched for sale in 2017, it was an interesting project that garnered some conflicting opinions. The 99-year leasehold project is located on Kandis Link off Sembawang Road in District 27.

On one hand, the project’s location next to a landed enclave typically means a more private and exclusive setting. This was a project marketed on low-density homes, lush greenery, and very little competition from nearby condos.

However, this particular landed neighbourhood in Sembawang isn’t as accessible or convenient as other neighbourhoods in the area, with no nearby malls or MRT stations. But it would be a lifestyle choice for homeowners who want to be away from all that commotion.

Given the positioning of Kandis Residence, how would the price performance of this 99-year leasehold condo fare in such environs?

In the first of this two-part analysis, we’ll assess Kandis Residence through three lenses: its launch positioning and sales behaviour, its resale performance to date, and how it compares with nearby projects and the wider non-landed private residential market.

How was the sales performance of Kandis Residence when it launched?

Frequently asked questions

How did Kandis Residence perform in terms of price growth since its launch?

Kandis Residence experienced limited price growth, with an annualised increase of about 0.77%, trailing the District 27 average of 7.2% and the Singapore-wide non-landed condo market of approximately 6.87%. Prices have struggled to increase significantly since launch.

Why was Kandis Residence's launch performance considered weak?

The project launched at a higher price point than the district and national averages, which likely contributed to slower sales and limited price appreciation. The slower sales pace and the need to reduce prices for unsold units also indicated a weaker launch performance.

Who are the typical buyers of Kandis Residence?

Most buyers were HDB upgraders, with few previous private property owners. The buyer profile was somewhat unexpected, as HDB upgraders are usually families preferring larger units, but Kandis Residence mainly sold smaller units like one-bedroom apartments.

Did Kandis Residence meet its marketing promises of a tranquil, exclusive environment?

Yes, buyers received a private and exclusive setting in a landed enclave with low-density homes and lush greenery. The area remains very private, aligning with the project’s positioning.

How does Kandis Residence compare with nearby projects in terms of price performance?

Prices at Kandis Residence have trailed the overall District 27 market and the wider private residential market, partly due to its higher initial launch price and limited growth. The district's launch of other projects like Canberra Crescent Residences has also influenced its price trend.

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Ryan J. Ong

Partner at Stacked

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.