When Sol Acres launched in 2015, the 1,327-unit executive condominium (EC) on Choa Chu Kang Grove was one of the most unique EC developments that the market had seen up to that point. Two features of the development caught the eye of market analysts and hopeful EC buyers back then.
First, Sol Acres was the first EC in Singapore to offer one-bedroom units. The inclusion of these relatively compact units, for better or otherwise, was perceived by many people that the EC scheme had expanded beyond its original framework of family housing.
Next, Sol Acres was the largest EC development – in terms of the number of units – that had been introduced at that point, and it still claims that title to this day. The entry of this mega-sized development was overshadowed by concerns of an oversupply situation brewing in the EC market back then.
Some observers thought that it was a remarkably bold move for the developer, MCL Land, to launch a project of that size given the market sentiment at the time.
In our Stacked Pro article this week, we’ll take a deep dive into the price and capital performance of Sol Acres, to examine if its unique positioning and bold approach by the developer paid off. We’ll also consider if average resale prices at the development are still on an upward trajectory, or if the condo presents a value buy in the resale market in Choa Chu Kang.
A quick snapshot of Sol Acres and its pricing
| Lease start year | 2014 |
| Completion year | 2018 |
| Land size (sqm) | 16,908 |
| No. of units | 1327 |
| Unit types available | 1, 2, 3, 4, 5 |
These are the average transacted prices as of year-end 2025.
| Unit type | Average $PSF | Average price | Transaction volume |
| 1-bedroom | $1,550 | $813,921 | 14 |
| 2-bedroom | $1,503 | $1,143,525 | 22 |
| 3-bedroom | $1,469 | $1,485,734 | 28 |
| 4-bedroom | $1,496 | $1,783,182 | 11 |
In general, new launch condos in 2026 have commanded an average absolute selling price of $1.8 to $2 million. Based on that, our view is that the prevailing prices at Sol Acres showcase some of the most affordable units we’ve seen on the market right now.
Even when it is compared against newer condos that have just entered the resale market over the past year or so, average three-bedroom units at Sol Acres can fetch less than $1.5 million, an uncommon find for a condo that is still less than 10-years old.
The competitive prices likely explains the healthy transaction volumes that are being recorded at Sol Acres.
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What is the profile of buyers picking up a unit at Sol Acres?
| Likely buyer profiles | Less suitable for |
| Buyers who appreciate larger projects for the more extensive facilities | Buyers who want more exclusivity and privacy |
| HDB upgraders looking for a younger development | Buyers who prioritise accessibility and a more mature area |
| Buyers who are willing to settle for smaller homes in exchange for some of the most affordable quantums | Buyers who prioritise spaciousness, as Sol Acres generally has smaller unit sizes compared to nearby alternatives |
| Family buyers looking for true owner-occupancy | Buyers banking heavily on further upside, or who are generally more investment oriented |
Next, let’s look at the price performance of condos in District 23, where Sol Acres is located.
This will help to frame our price expectations for the overall performance of condos in this district.
All tenures
| Year | D23 | All non-landed private properties |
| 2015 | $957 | $1,180 |
| 2016 | $914 | $1,232 |
| 2017 | $945 | $1,304 |
| 2018 | $999 | $1,435 |
| 2019 | $1,089 | $1,560 |
| 2020 | $1,094 | $1,513 |
| 2021 | $1,285 | $1,600 |
| 2022 | $1,263 | $1,712 |
| 2023 | $1,525 | $1,869 |
| 2024 | $1,591 | $1,886 |
| 2025 | $1,533 | $2,092 |
| Annualised | 4.82% | 5.90% |
99-year leasehold
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