Gardenvista is a 318-unit 99-year leasehold project that was built in 2006. There’s quite a bit of local history tied to this site: Gardenvista sits on the location of the former Yeo Hiap Seng factory (the same one that makes the drinks), and this site was once zoned for industrial use.
In the 1990s, Far East Organization became a major shareholder in Yeo’s. When the drinks factory moved to Senoko in 1998 and the land was rezoned for residential use, it made sense for Far East to develop a new condo here.
From its inception, it was clear that Gardenvista would appeal to nature lovers who enjoy Bukit Timah’s greenery. That’s not to say it’s inconvenient (it’s across the street from Bukit Timah Plaza), but it is on the quiet side.
Last year, Gardenvista surprised us by coming in as one of the top resale performers on our list, beating out other fancier and larger condos that came after it. Let’s have a look at why:
Let’s look at Gardenvista’s performance from its launch in 2003 to 30th December 2025:
| Year | Average $PSF |
| 2003 | $616 |
| 2004 | $610 |
| 2005 | $624 |
| 2006 | $701 |
| 2007 | $862 |
| 2008 | $990 |
| 2009 | $905 |
| 2010 | $1,034 |
| 2011 | $1,143 |
| 2012 | $1,206 |
| 2013 | $1,290 |
| 2014 | $1,310 |
| 2015 | $1,236 |
| 2016 | $1,216 |
| 2017 | $1,209 |
| 2018 | $1,286 |
| 2019 | $1,371 |
| 2020 | $1,387 |
| 2021 | $1,463 |
| 2022 | $1,575 |
| 2023 | $1,776 |
| 2024 | $1,844 |
| 2025 | $1,952 |
| Annualised | 5.38% |
Now, let’s compare this to other 99-year leasehold condos across Singapore. We’ll also compare its price movements to other leasehold projects in District 21 (D21), where Gardenvista is located:
1 Comments
How do you see Gardenvista’s price growth for the next 3-5 years? Will the lease decay be a headwind?