With the highest capital gain on our condo appreciation list at 76.1% in the past 5 years, it’s no surprise that many Singaporeans believe that owning a property is the key to success, or to achieve wealth. After all, on such a small island nation, land space will always be a premium. Furthermore, Singapore’s remarkable transformation from its kampung days to a first world country (plus stable Government policies) have boosted the growth in the property prices. Which is why there is such an emphasis on condo appreciation in Singapore.
Before we get right into it, here is an explanation of how the data is presented. In simple terms, it is just the lowest PSF recorded in the development and the average recorded PSF in the past 5 years. We did not take into account that it had to be the same unit that was bought and sold.
Without further ado, here is the list!
So many readers write in because they're unsure what to do next, and don't know who to trust.
If this sounds familiar, we offer structured 1-to-1 consultations where we walk through your finances, goals, and market options objectively.
No obligation. Just clarity.
Learn more here.
Top 10 Condo Appreciation Developments in the Past 5 Years
1. Taipan Jade
Taipan Jade is a small freehold apartment with only 12 units located in Rose Lane in District 15. Having been completed in 2005, it is getting on in age and doesn’t have the most attractive of names. Despite those shortcomings, if you consider condo appreciation for the past 5 years, it tops our list at 76.1%! With the lowest price coming in at $632 PSF and recently hitting an average high of $1,113 PSF.
2. Parc Vera
Parc Vera is a 99 year leasehold condominium located at Hougang Street in District 19. It was completed quite recently in 2015 and has a total of 452 units. It does not have the best links to the MRT, with Hougang MRT station a 15-minute walk away. Regardless, it was still enough to come in second on this list with a condo appreciation of 68.1%. The lowest price for the development was at $608 PSF and it reached an average of $1,022 PSF over the past 5 years.
3. Botannia
Botannia is a 956 years (as good as freehold) condominium at West Coast Park in District 5. It was built in 2009 and has a total of 493 units. Again, this is not a development that you would look for if you are reliant on the MRT. Nonetheless, it managed to achieve a capital gain of 45.8%. The lowest PSF for the development was at $829 PSF and it reached an average of $1,209 PSF over the past 5 years.
4. Domus
Domus is a freehold condominium located at Irrawaddy Road in District 12. It was built in 2012 and has 104 units. It is not too far from Novena MRT station at about a 10-minute walk. It achieved a capital gain of 45.1%. The lowest PSF recorded was at $820 PSF and it attained an average of $1,190 PSF over the past 5 years.
5. The Petals
The Petals is a freehold condominium situated at Hillview Avenue in District 23. It was completed in 2002 and has a total of 270 units. The closest MRT station is at Hillview on the Downtown Line but this is some distance away. Despite that, it has garnered a capital gain of 43.2%. The lowest PSF recorded was at $760 PSF and the average was $1,088 PSF over the past 5 years.
6. Le Regal
Le Regal is a freehold apartment located at Geylang in District 14. It was completed in 2016 and has a total of 88 units. It is about an 8-minute walk from Aljunied MRT station. Over the past 5 years, it has achieved a capital gain of 41.8%. The lowest PSF recorded was $954 PSF and the average was $1,353 PSF.
7. Skyline 360
Skyline 360 is a freehold condominium located at St Thomas Walk in District 9. It achieved its TOP status in 2013 and has a total of only 61 units. It is currently a 7-minute walk to Somerset MRT station and will be equally close to the Great World MRT station on the Thomson East Coast Line when it is completed. It recorded a capital gain of 41.6%. The lowest PSF recorded was $1,574 PSF and the average was $2,229 PSF.
8. Spottiswoode Residences
Spottiswoode Residences is a freehold condominium located at Spottiswoode Park in District 2. It was completed in 2014 and has a total of 351 units. It is currently an 11-minute walk to Outram Park MRT station but its real selling point is its proximity to SGH and the CBD. It achieved a capital gain of 38.5%, with the lowest PSF recorded at $1,327 PSF and the average at $1,838 PSF.
9. Trevose Park
Trevose Park is a freehold condominium located at Trevose Crescent in District 11. It was completed in 1991 and has a total of 150 units. It is a short 8-minute walk to Stevens MRT station. It achieved a capital gain of 37.4% over the last 5 years. The lowest PSF recorded was at $1,402 PSF and the average at $1,927 PSF.
10. Spanish Village
Spanish Village is a freehold condominium located at Farrer Road in District 10. It was completed in 1987 and has a total of 226 units. It is a 7-minute walk to Farrer Road MRT station on the Circle Line. Recently, it was in the news for its third en bloc attempt. This potential has allowed it to reach a capital gain of 36.1%. The lowest PSF recorded was at $1,216 PSF and the average at $1,655 PSF.
At Stacked, we like to look beyond the headlines and surface-level numbers, and focus on how things play out in the real world.
If you’d like to discuss how this applies to your own circumstances, you can reach out for a one-to-one consultation here.
And if you simply have a question or want to share a thought, feel free to write to us at stories@stackedhomes.com — we read every message.
Frequently asked questions
Which condo had the highest appreciation in the past 5 years in Singapore?
What factors contribute to the appreciation of condos in Singapore?
Are newer condos more likely to appreciate faster than older ones in Singapore?
How is condo appreciation measured in this list?
Do proximity to MRT stations significantly affect condo appreciation in Singapore?
2 Comments
Very informative list. :p