Why This 40-Year-Old Leasehold Condo Beat Newer Developments: A Case Study Of Loyang Valley

A 1985 leasehold condo that’s quietly outpaced newer freehold peers — read our data-led case study to see what’s driving Loyang Valley’s performance.

By Ryan J. Ong

Published 10 June 2025, 9:37 PM SGT · 10 min read · 289

In this Stacked Pro breakdown:

Do Older Leasehold Condos Like Loyang Valley Still Have Room to Grow?

Comparison
We analysed how Loyang Valley, a 1985 leasehold project in Pasir Ris, performed from 2016 to 2024. This was benchmarked against both islandwide trends and newer nearby developments, most of which are freehold.

Key Insight
Despite its age and leasehold status, Loyang Valley outpaced many peers in both quantum and $PSF growth, even recording the highest annualised price growth among nearby projects with transactions in both years.

Why This Matters
With new launches getting smaller and pricier, older condos like Loyang Valley show that space, layout, and upcoming MRT access can outweigh age, and may still offer long-term upside.

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Frequently asked questions

Can older leasehold condos like Loyang Valley still see price growth?

Yes, Loyang Valley, despite being leasehold and built in 1985, outperformed many peers in both price and $PSF growth from 2016 to 2024, even recording the highest annualized price growth among nearby projects.

What factors make Loyang Valley attractive despite its age?

Loyang Valley offers larger unit sizes, upcoming MRT access, and has shown faster appreciation than many nearby freehold condos, which can outweigh concerns about its age and lease decay.

How does Loyang Valley compare to nearby freehold condos in terms of price and growth?

Loyang Valley’s average prices for two- and three-bedroom units are higher than many younger freehold counterparts, and it has appreciated faster in recent years, with a higher PSF appreciation rate.

Is Loyang Valley mainly driven by owner-occupiers or investors?

Rental yields for Loyang Valley have dipped, indicating that owner-occupiers likely drive demand, which is typical for OCR condos, rather than investors.

What impact will the upcoming Cross Island Line have on Loyang Valley?

The new Cross Island Line, with Loyang MRT station opening in 2029, is expected to increase demand for Loyang Valley due to improved accessibility and proximity to public transport.

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Ryan J. Ong

Partner at Stacked

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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