Old vs New Condos In District 15: Which Offers Better Value In 2025?
District 15 condos remain a top choice, but do new launches really outperform older resale projects? We analyzed one to four-bedroom units, rental yields, and tenure trends over 10 years to see which side delivers better value.
It’s hard to think of a time when the price gap between new and resale condos was more relevant, than in 2025. With new launches being pricier and smaller, it’s unsurprising that more are turning to the resale market. For a price almost comparable to a new launch, you may be able to find a resale unit in a prime area like District 15 (D15).
But at the same time, there’s no avoiding the fact that age matters. How much do ageing layouts and facilities, or lease decay (if not freehold), affect the value? Let’s find out with a close-up look at price gaps between newer and older projects in each district. We’ll begin with D15, long known for its coastal living and higher-end projects:
Let’s start by looking at the overall performance of resale condos in D15
Frequently asked questions
How do older and newer condos in District 15 compare in terms of price growth over the past decade?
Over the past decade, newer condos in District 15 have generally shown higher annualized growth rates compared to older ones, with newer two-bedroom units increasing by about 44.7% in price and older units by around 29.2%. However, some older projects have outperformed certain newer ones depending on specific project factors.
Are freehold properties in District 15 more valuable than leasehold ones?
Yes, freehold properties in District 15 have performed better over the past decade, with an annualized growth rate of about 4.08%, compared to 3.7% for leasehold properties. Freehold units tend to maintain higher prices and are not subject to lease decay.
Is it better to buy a new or resale condo in District 15 in 2025?
The choice depends on preferences for price, size, and age. Resale units may offer larger sizes and better yields, especially in older projects, while new condos tend to have higher prices but may offer modern layouts and facilities. Price gaps have widened over the years, favoring new units in terms of price growth.
How does the size of older condos compare to newer ones in District 15?
Older condos in District 15 often have larger unit sizes on average compared to newer units, mainly due to specific projects that built larger units. This can result in higher overall quantum despite lower price per square foot.
What factors influence the value of older versus new condos in District 15?
Factors include age, lease type (freehold or leasehold), unit size, project-specific features, and location. Older condos may have larger units and better yields, while newer condos often command higher prices and may have more modern facilities.
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.
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