Are older leasehold condos like Orchid Park still a good investment today?

Orchid Park has shown weaker price growth compared to newer projects, with an annualised growth of 3.92% from 2016 to 2024. However, some segments like its 3-bedroom units still offer strong rental yields, which could make it a viable option for investors seeking rental income.

How does Orchid Park's performance compare to newer condos in Yishun?

Orchid Park has underperformed compared to newer leasehold condos in Yishun, with lower price growth and trailing behind the average for all Yishun leasehold properties. It also faces competition from newer ECs like Signature at Yishun and The Criterion, which have seen more price growth.

Do larger units in older condos like Orchid Park help maintain value?

Despite Orchid Park's larger unit sizes, the price gap against the wider market has widened over time. Larger units in Orchid Park did not prevent it from trailing behind newer developments, and their size may not offset issues related to lease decay or less efficient layouts.

What are the layout differences between Orchid Park and nearby newer condos?

Orchid Park's 2-bedroom units are larger (around 929 sq ft) with practical layouts, including two bathrooms and enclosed kitchens. In contrast, newer condos like The Wisteria have smaller, more compact units (635-685 sq ft), which are less spacious but often priced similarly.

Is there still demand for larger units in Yishun's resale market?

Yes, larger units in Yishun continue to see healthy transaction activity, indicating that size still commands some interest, especially as newer launches tend to focus on smaller, more compact units.

How Do Old Leasehold Condos Hold Up Against Newer Projects? A Case Study Of Orchid Park

Ryan J. Ong

May 29, 2025

Pitfalls and Advantages of Older Leasehold Condos (Orchid Park)

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Do Older Leasehold Condos Like Orchid Park Still Make Sense Today?

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Ryan J. Ong

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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