How A Clement Canopy Condo Buyer Made $700K More Than Their Neighbours: A Data Breakdown On Timing
In this Stacked Pro breakdown:
- We tracked resale outcomes across all 2- to 4-bedders at Clement Canopy to find out if early birds really did better
- One standout buyer made over $700K in gains, while others who bought months later paid up to 18% more for similar stacks and saw smaller returns
- We break down how small differences in floor levels, timing, and layout add up to big differences in profit
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In this series, we examine the outcomes of those who purchased their units earlier in a new launch, versus those who purchased their units later. This week, we’ll explore this concept in the Clementi-area project of Clement Canopy, which launched back in February 2017. Let’s see if the earliest, or latest, buyers of Clement Canopy at launch fared better:
A rundown on Clement Canopy
Clement Canopy is a leasehold, 505-unit condo in District 5, which was launched in February 2017 and completed in 2019. The average annualised return seen for this project is 4.2 per cent, with an average holding period of just over five years. Do note that the year of Clement Canopy’s launch, 2017, was a lower point for the property market, which had been cooled by repeated measures since 2013.
To examine whether earlier or later buyers did better, we’re analysing all the new to sub-sale and resale transactions since the launch. We’ll also break it down by unit sizes, as these can show a notable difference in performance.
Looking at 2-bedroom transactions (Type A1 layout)
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