Singapore’s Top 10 Condo Developers Ranked According To Their Appreciation Statistics – An Insider’s Peek!
Many of us are drawn in by the news of up and coming condo stunners everywhere we go. Massive units. Large green spaces. One-of-a-kind facilities.
Take the RoyalGreen. Bird’s nest tennis court, roof-top jogging track… it’s easy to see why everyone’s so fascinated by them.
But have you ever thought about what happens to all the other condos – more so when the entire glitz and glam of their individual marketing campaigns have been left behind?
Well for those of you who have, you’ll know that there is a lot of money that can be made or saved (whichever way you look at it) during this ‘resale period’ if you play your cards right.
What’s more, with the predicted (drastic) rise of PSFs across the board, insider real-estate information is now more important than ever before in bolstering our analysis for successful property-related investments.
More so if you’re trying to discern a good fit for yourself from the incredible 60 new launches this year!
And so we thought – why not one-up our list of the best appreciating condos… but this time, from a developers’ standpoint!
Basically, a behind-the-scenes analysis of Singapore’s Top-10 developers’ individual condo appreciation statistics since launch in a bid to determine once and for all who is Singapore’s most successful developer.
We aren’t going to go massively in-depth (and for those of you who want to, feel free to reach out to us for the entire info chart), but get ready for some pretty crazy numericals and facts!
Enjoy!
*Our top 10 developer list taken from BCA’s ranking*
Market commentary like this is only useful if you can translate it into what it means for your own purchase: your entry price, holding period and exit options.
That’s where many buyers get stuck. General market insights rarely tell you whether a specific unit, at a specific price, is the right decision for your circumstances.
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.
Singapore’s 10 Top Condo Developers And Their Track Record
#10 – Far East Organization
Far East Organization has seen 7 condos that achieved TOP during this timeframe.
(Bear in mind that we are only including condos that have achieved TOP between 2013 and 2018)
3 out of the 7 condos have had positive appreciation figures up till now with one managing to achieve a higher than 10% positive appreciation statistic.
The highest does come from the Shore Residences in the East Coast area (D15) – a 99-year leasehold condo housing 408 units that achieved TOP in 2014. It has amassed an appreciation increase of 15.55% from its first sale in 2009 from $1,286 to $1,486 average PSF.
Far East’s lowest appreciating condo is The Sienna along Tan Kim Cheng Road (D10) – a 99-year leasehold condo housing just 54 units that achieved TOP in 2018. It has seen a hefty appreciation decline of -20.93% from its first sale in 2013 from $2,336 to $1,847 average PSF.
A little bit more about the developer: With over 780 developments launched since its rise in 1960, Far East Organization has architected over 55,000 private homes to date making them one of Singapore’s top condo developers. Today, it continues to develop on the retail, tourism, medical and entertainment sectors as it expands its international property roots in Australia and Malaysia.
Some of its works that we have reviewed so far:
#9 – Keppel Land
Keppel Land has seen 4 condos achieving TOP during this period.
2 out of these 4 condos have seen positive appreciation figures up till now and similar to Far East Organization, just one condo has achieved a higher than 10% positive appreciation statistic.
It is, in fact, the Lakefront Residences along Lakeside Drive (D22) – a 99-year leasehold condo housing 629 units that achieved TOP in 2014. It has seen a rather solid appreciation increase of 22.65% from its first sale in 2010 from $1,064 to $1,305 average PSF.
Keppel Land’s lowest appreciating condo is the Corals at Keppel Bay (D4) – a 99-year leasehold condo housing 366 units that achieved TOP in 2017. It has seen an appreciation decline of -6.75% from its first sale in 2013 from $2,384 to $2,223 average PSF.
A little bit more about the developer: Keppel Land is the property arm of Keppel Corporations, a giant in the sustainable urbanisation sector. It has built over 46,000 homes in the Asia region and is also a leading prime office developer in Singapore.
Some of its works that we have reviewed so far:
#8 – Aurum Land
Aurum Land has seen 4 condos achieving TOP during this period.
3 out of its 4 condos have received positive appreciation figures, 2 of which have achieved a higher than 10% positive appreciation statistic… with one in particular doing extremely well.
It is none other than the Three 11 situated along Upper Thomson Road (D20) – a freehold condo housing 65 units that achieved TOP in 2016. It has witnessed a whopping 44% appreciation increase from its first sale in 2013 from $1,575 to $2,268 average PSF.
Aurum Land’s lowest appreciating condo is its 1919 in the Mount Sophia neighbourhood (D9) – a freehold condo housing 75 units that achieved TOP in 2015. It has witnessed an appreciation decrease of –16.97% from its first sale in 2012 from $2,056 to $1,707 average PSF.
A little bit more about the developer: Founded in 1982, Aurum Land is one of the top award-winning boutique condo developers that emphasises on functionality and vibrant aesthetics. Some of its brainchildren include The Asana, The Orient, Three 11, 1919 and 21 Richards. It is currently working on two exciting projects, namely The Hyde and Nyon.
#7 – Allgreen Properties
Allgreen Properties has seen 6 condos achieving TOP during this timespan.
5 out of its 6 condos have garnered positive appreciation figures up till now, with 3 condos achieving a higher than 10% positive appreciation statistic.
In fact, 2 of these condos are in the 20% appreciation range.
The highest appreciating condo is The Sorrento in the West Coast area (D5) – a freehold condo housing 131 units that achieved TOP in 2015. It has witnessed a very solid appreciation increase of 21.14% from its first sale in 2014 from $1,282 to $1,553 average PSF.
Allgreen’s lowest appreciating condo is its Suites at Orchard (D9) – a 99-year leasehold condo housing 118 units that achieved TOP in 2014. It has witnessed an appreciation decrease of –11.29% from its first sale in 2010 from $2,134 to $1,893 average PSF.
A little bit more about the developer: Allgreen Properties is owned (in majority) by the Kuok Group following its listing on the Singapore Stock Exchange in 1999. According to its website, the developer has overseen the birth of 47 different condominiums in Singapore thus far. It has since expanded to China and Vietnam and emphasises a balance between commercial and retail properties.
#6 – UOL Group
UOL Group has also seen 4 condos achieving TOP during this period.
*As Seventy Saint Patricks has limited resale data due to its recency, we will only be analysing the other 3 condos.
2 out of these 3 condos have seen positive appreciation figures up till now and both have managed to achieve a higher than 20% positive appreciation statistic.
The highest is none other than the Double Bay Residences along Simei Street (D18) – a 99-year leasehold condo housing 646 units that achieved TOP in 2013. It has seen a massive appreciation increase of 45.27% from its first sale in 2009 from $645 to $937 average PSF.
UOL’s lowest appreciating condo is the Terrene at Bukit Timah (D21) – a 999-year leasehold condo housing 172 units that achieved TOP in 2013. It has seen an appreciation decline of -4.18% from its first sale in 2010 from $1,243 to $1,191 average PSF.
A little bit more about the developer: UOL has always had a strong emphasis on product excellence – evident in many of their recent developments, which makes it one of Singapore’s top condo developers. It has developed numerous residential units, office towers, shopping malls, and hotels. It also owns the Pan Pacific Hotels Group which essentially front runs Pan Pacific and Parkroyal in 3 different continents.
Some of its works that we have reviewed so far:
Principal Garden/Clement Canopy
#5 – Hoi Hup Realty
Hoi Hup Realty has seen 9 condos achieving TOP during this frame.
*As The Whitley Residences has limited resale data due to its recency, we will only be analysing the other 8 condos.
7 out of these 8 condos have garnered positive appreciation figures up till now, with 4 condos achieving a higher than 10% positive appreciation statistic.
The highest appreciating condo is The Arc at Tampines (D18) – a 99-year leasehold condo housing 574 units that achieved TOP in 2014. It has witnessed a very sizable appreciation increase of 31.22% from its first sale in 2011 from $727 to $954 average PSF.
Hoi Hup’s lowest appreciating condo is Residences @ Killiney (D9) – a freehold condo housing 68 units that achieved TOP in 2013. It has witnessed an appreciation decrease of –4.47% from its first sale in 2009 from $1,901 to $1,816 average PSF.
A little bit more about the developer: Hoi Hup Realty was founded in 1983 and has since built over 7,300 homes in Singapore. It boasts a diverse portfolio of residential and mixed-use commercial properties and has received over 25 awards and accolades to date including the esteemed ‘BCI Asia Top 10 Developers’ on multiple occasions.
#4 – Guocoland
Guocoland has seen 4 condos achieving TOP during this timeframe.
All of its 4 condos have also garnered positive appreciation figures up till now (and that is by no means an easy feat). More than that, every single one of them has also achieved a higher than 10% positive appreciation statistic.
The highest appreciating condo being Elliot at the East Coast (D15) – a freehold condo housing 119 units that achieved TOP in 2013. It has witnessed a solid appreciation increase of 29.68% from its first sale in 2009 from $1,095 to $1,420 average PSF.
GuocoLand’s lowest appreciating condo is the Leedon Residences along the Leedon Heights area (D10) – also a freehold condo housing 381 units that achieved TOP in 2016. It has still managed to achieve an increase of 11.93% from its first sale in 2012 from $2,053 to $2,298 average PSF.
A little bit more about the developer: As of June 2019, Guocoland’s assets totaled $10 billion. With roots scattered through Singapore, China, Malaysia, and Vietnam, it has since partnered with Eco World Development Group in hopes of expanding to international clients in the United Kingdom and Australia.
Some of its works that we have reviewed so far:
Wallich Residence/Meyer Mansion
#3 – Hong Leong Investment Holdings
Hong Leong Investment Holdings has seen 6 condos achieving TOP during this duration.
Similar to GuocoLand, all 6 of its condos have garnered positive appreciation figures up till now. 3 of its condos achieved a higher than 10% positive appreciation statistic.
The highest appreciating condo is Bartley Ridge in the Mount Vernon Road area (D13) – a 99-year leasehold condo housing 868 units that achieved TOP in 2017. It has witnessed a solid appreciation increase of 29.95% from its first sale in 2014 from $1,212 to $1,575 average PSF.
Hong Leong’s lowest appreciating condo is One Balmoral along Balmoral Road (D10) – a freehold condo housing 91 units that achieved TOP in 2017. It has still managed to achieve an increase of 3.91% from its first sale in 2013 from $2,478 to $2,575 average PSF.
A little bit more about the developer: Hong Leong Investment Holdings Pte Ltd. operates as a holding company that oversees investment and development of properties under its subsidiaries. As one of the top condo developers in Singapore, its real-estate arm, Hong Leong Holdings Limited (Established in 1968) manages 8 commercial properties and has developed nearly 100 different residential projects islandwide.
# 2 – CapitaLand
CapitaLand has seen 11 condos achieving TOP during this timespan.
*As Cairnhill Nine has limited resale data due to its recency, we will only be analysing the other 10 condos.
Interestingly enough, only 5 of the 10 condos have sustained positive appreciation figures up till now. Still, 4 of them have achieved a higher than 10% positive appreciation statistic with its most attractive appreciator causing quite the stir.
CapitaLand’s highest appreciating condo is The Wharf Residence along Tong Watt Road (D9) – a 999-year leasehold condo housing 186 units that achieved TOP in 2013. It boasts an unbelievably outstanding 62.40% appreciation increase from its first sale in 2008 from $1,266 to $2,056 average PSF.
On the other spectrum (and rather fittingly), it’s two lowest appreciating condos are in the -20% range, with the lowest being Marine Blue along Marine Parade Road (D15) – a freehold condo housing 120 units that achieved TOP in 2017. It has seen an appreciation fall of –21.20% from its first sale in 2015 from $1,807 to $1,424 average PSF.
A little bit more about the developer: With developments spreading across 32 countries and counting, CapitaLand is a giant in the real-estate development industry. Made famous by its string of CapitaLand shopping malls in Singapore, it has been awarded numerous awards on multiple commercial, industrial and residential fronts.
Some of its works that we have reviewed so far:
D’leedon/Interlace
#1 – City Developments Limited (CDL)
CDL has seen an incredible 21 condos achieving TOP in this timeline, truly one of the top condo developers in Singapore.
*As the Haus @ Serangoon Garden and Nouvel 18 have limited resale data due to how recent they are, we will only be analysing the other 19 condos.
17 of these 19 have achieved positive appreciation figures up till now. More than that, 12 of them have higher than 10% appreciation value – 6 of which are current sitting above 20%.
And if it seems like things can’t get crazy enough, 2 of CDL’s condos are in fact in the 30% range!
Its highest appreciating condo comes from the Hundred Trees in the West Coast Area (D5) – a 999-year leasehold housing 396 units that achieved TOP in 2013. It has witnessed a massive appreciation increase of 33.91% from its first sale in 2010 from $917 to $1,228 average PSF.
CDL lowest appreciator is the UP@Roberton Quay (D9) – a 99-year leasehold condo housing 70 units that achieved TOP in 2016. It has netted a -10.55% appreciation loss from its first sale in 2012 from $2,484 to $2,222 average PSF.
A little bit more about the developer: CDL set out in 1963 with little more than 8 employees and a small rented office. In 1972, it became a subsidiary of Hong Leong Investment Holdings and has since extended to 29 countries and counting. It is also the only developer in the history of Singapore to have received the BCA Quality Champion (Platinum) for two years running.
Some of its works that we have reviewed so far:
South Beach Residences/Echelon/Tree house
We hope that this list has gone some way into helping you get a better insight into the track record and performance of some of the top condo developers in Singapore.
As always, if you require any assistance or simply would like to reach out to us, feel free to do so at stories@stackedhomes.com. Best of luck!
*This condo developers list is accurate as of 6 November 2019
Commentary like this is useful for understanding the broader market. The harder part is applying those ideas to a specific property, budget or decision you’re actually considering.
That’s often where a second opinion becomes valuable.
If you’d like to discuss how this applies to your own circumstances, you can reach out for a one-to-one consultation here.
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Frequently asked questions
Which Singapore condo developer has the highest appreciation rate since 2013?
What is the range of appreciation percentages among top Singapore condo developers?
How many condos developed by CapitaLand have shown positive appreciation since 2013?
Which developer has the most condos with positive appreciation figures?
Are there any developers whose condos experienced a decline in value?
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