Why Seletar Park Residence Underperformed—Despite Its District 28 Location And Large Unit Sizes

In this Stacked Pro breakdown:

Overview
We tracked the price movements of Seletar Park Residence from its launch in 2012 up till 2024, and compared its performance to other 99-year leasehold projects in District 28, including nearby developments like The Topiary and The Greenwich. We also broke down its average quantum and resale profitability to understand what’s behind the project’s modest returns.

Key Insight
With an annualised return of just 0.74%, Seletar Park Residence has clearly underperformed, but not necessarily for the reasons you’d expect. Rather than fundamental flaws in the project, its weak performance seems to stem from mismatched pricing expectations and strong competition from nearby Executive Condominiums (ECs).