This 130-Unit Boutique Condo Launched At A Premium — Here’s What 8 Years Revealed About The Winners And Losers

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. 

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