Last week, we covered how some owners at Kandis Residence struggled to realise significant returns on their units at the 99-year leasehold condo. We mainly attributed this to a high entry price, as well as other factors such as the small number of units and an untested location for condos.
Kandis Residence is a low-rise 130-unit condominium on Kandis Link, off Sembawang Road in District 27. The project launched in 2017 at an average selling price of about $1,250 psf.
This week, we’ll take a look at the more tangible factors which impacted buyers and sellers there. Specifically, we want to see if anyone made money from Kandis Residence, and if so, how much and why. This will better reflect the real experiences of owners at Kandis Residence, and what you might expect from properties with similar traits.
Past performance is a useful signal, but it's not a forecast. The projects that outperformed over the last cycle aren't guaranteed to do so again, and the reasons they outperformed may no longer apply.
The more useful question is whether a particular property still makes sense at today's price, given your budget, objectives and timeline. That's where many buyers find it helpful to get a second opinion.
Over time, that's also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
Who made money, and who didn’t?
Kandis Residence didn’t see any particular ‘breakout’ point in its price growth and there’s no inflection point where prices spiked. While there were returns, they came with gradual, long-term appreciation.
The table shows how prices rose from launch to the period right after the condo attained its Temporary Occupancy Permit (TOP), and subsequently into the resale market in 2025.
Average $PSF
| No. of bedrooms | New sale only | Sub sale and resale in 2020/2021 | Resale in 2025 | % change from new sale to 2020/2021 | % change from new sale to 2025 | % change from 2020/2021 to 2025 |
| 1-bedroom | $1,324 | $1,425 | $1,480 | 7.60% | 11.75% | 3.86% |
| 2-bedroom | $1,244 | – | $1,314 | – | 5.67% | – |
| 3-bedroom | $1,292 | $1,474 | – | 14.06% | – | – |
Average price
| No. of bedrooms | New sale only | Sub sale and resale in 2020/2021 | Resale in 2025 | % change from new sale to 2020/2021 | % change from new sale to 2025 | % change from 2020/2021 to 2025 |
| 1-bedroom | $648,620 | $690,000 | $725,000 | 6.38% | 11.78% | 5.07% |
| 2-bedroom | $966,883 | – | $1,010,000 | – | 4.46% | – |
| 3-bedroom | $1,249,650 | $1,380,000 | – | 10.43% | – | – |
Let’s also take a look at the average unit sizes transacted:
Average size (sqft) – based on units transacted
| No. of bedrooms | New sale only | Sub sale and resale in 2020/2021 | Resale in 2025 |
| 1-bedroom | 490 | 484 | 490 |
| 2-bedroom | 778 | – | 768 |
| 3-bedroom | 967 | 936 | – |
No. of units sold
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