This Old Executive Condo Was Once Seen As Too Expensive — 20 Years Later, Has It Become A Value Buy?
La Casa is a 444-unit development on Woodlands Drive 16 in District 25, and was launched for sale as an executive condo (EC) in 2004. Back then, sentiment in Singapore’s property market was still shaken by the dot-com crisis in 2000 and the outbreak of SARS in 2003.
While buying sentiment among Singaporean homebuyers was recovering when La Casa first hit the market, the strong price growth that would define the residential market in the late 2000s had not yet materialised.
Against this backdrop, the first few EC projects like La Casa had a tough start when they entered the housing market. Moreover, the price trajectory at La Casa also went against the grain in terms of price expectations for an EC.
Based on transaction data compiled by Stacked, the average launch price at La Casa was higher than average EC prices, as well as the broader District 25 (D25) non-landed residential market at the time. Overall, its launch price was unpalatable to some buyers at the time, since it was expected that ECs would be a type of affordable housing – and most ECs up till then had very competitive prices.
But now that over 20 years have passed since La Casa entered the market, buyers today are often drawn to the development for different reasons, such as the lower price quantum that resale units there typically fetch despite the sizable units available.
So, did La Casa turn out better than its initial cynics expected, and is it still a viable purchase for homeowners today after its privatisation?
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 quick look at La Casa today
The 444-unit development was completed in 2008 and it has shed its previous status as an EC, and is positioned as a privatised condominium today.
Average transacted prices for La Casa in 2025
| Unit type | Average $PSF | Average price | Transaction volume |
| 2-bedroom | $1,046 | $974,167 | 6 |
| 3-bedroom | $1,058 | $1,218,571 | 7 |
| 4-bedroom | $1,095 | $1,378,800 | 1 |
Who is likely to consider buying at La Casa?
| Likely buyer profiles | Less suitable for |
| Families prioritising space and affordability | Buyers who value accessibility and newness over space |
| HDB upgraders who want to stay in the Woodlands area, especially with recent coming upgrades like the RTS | Short-term holders who want to use this project as a stepping stone for property progression; most of La Casa’s strongest gains have already been realised |
Let’s start with a look at the overall performance of D23, which will frame out expectations for the projects here
All tenures
| Year | D25 | All non-landed private properties |
| 2015 | $782 | $1,180 |
| 2016 | $788 | $1,232 |
| 2017 | $784 | $1,304 |
| 2018 | $801 | $1,435 |
| 2019 | $780 | $1,560 |
| 2020 | $770 | $1,513 |
| 2021 | $883 | $1,600 |
| 2022 | $997 | $1,712 |
| 2023 | $1,078 | $1,869 |
| 2024 | $1,566 | $1,886 |
| 2025 | $1,215 | $2,092 |
| Annualised | 4.50% | 5.90% |
Based on transaction data, we can see that private home prices in D23 have generally trailed the wider condo market. We attribute this performance to the fact that Woodlands, the dominant housing market in D23, is relatively less mature and parts of it continue to see new development.
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