In this Stacked Pro breakdown:
Why ROI Alone Doesn’t Tell the Full Story: Kingsford Hillview Peak Case Study
Comparison
We tracked Kingsford Hillview Peak’s performance from launch in 2013 through to 2024, and benchmarked it against nearby Hillview condos, other district 23 leasehold projects, and similarly launched developments like Sky Vue and Thomson Three.
Key Insight
Despite its MRT proximity and seemingly attractive entry prices, Kingsford Hillview Peak delivered the weakest annualised growth among its peers, even trailing older freehold neighbours and other 99-year leasehold projects launched during the same market cycle.
Why This Matters
ROI figures may look simple, but they don’t account for resale timing, buyer sentiment, unit mix, or design mismatches. Kingsford Hillview Peak highlights how qualitative factors – from layout preferences to build perception – can heavily shape long-term outcomes, even when launch conditions seem favourable.
🔓 Read the full analysis — only on Stacked Pro.
Already a subscriber? Log in here.
Most condos are already profitable after completion, for those who bought earlier in developer sales. However, Kingsford Hillview is one of the more curious cases. Launched in 2013, this leasehold condo in the Hillview area seemed well-positioned: close to an MRT station, relatively affordable pricing, and other good markers. Yet over a decade later, it has significantly underperformed in both capital appreciation and resale profitability. Rather than take the somewhat simplistic view of just calling it “bad,” let’s go beyond ROI and see what the real issues were – and whether they are issues which can in fact be rectified.
In this Stacked Pro case study, we examine why the project’s price trajectory faltered, how developer sales shaped its long-term performance, and what ROI alone doesn’t reveal about its performance.
The challenge for many buyers today isn't access to information.
It's interpreting that information in a way that makes sense for their finances, goals, and stage of life.
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.
A brief profile of Kingsford Hillview Peak
Kingsford Hillview Peak is a 99-year leasehold condo located in the Hillview area, just a short walk from Hillview MRT station (DTL). Completed in 2017, the project comprises 512 units across three blocks, including a surprising number of compact one-bedroom layouts and several penthouses with large roof terraces.
Launched in 2013, the development offered relatively affordable pricing at the time, with high ceilings and full condo facilities like a sky tennis court, lap pool, and floating gym. While it has good proximity to the MRT and HillV2 mall, Kingsford Hillview Peak has competition in that it has nearby freehold neighbours.
Let’s look at the overall performance of Kingsford Hillview Peak from its launch
| Year | Average $PSF |
| 2013 | $1,349 |
| 2014 | $1,394 |
| 2015 | $1,303 |
| 2016 | $1,281 |
| 2017 | $1,044 |
| 2018 | $1,365 |
| 2019 | $1,373 |
| 2020 | $1,273 |
| 2021 | $1,292 |
| 2022 | $1,356 |
| 2023 | $1,342 |
| 2024 | $1,412 |
| Annualised | 0.42% |
From launch in 2013 to 2024, Kingsford Hillview Peak saw very weak gains: we see its average $PSF increasing from $1,349 to $1,412, translating to an annualised growth of just 0.42 per cent.
0 Comments