In our previous article, we asked whether ARTRA delivered on its launch promise to owner-occupiers. But our next question is more relevant to investors - who actually made money after owning a unit at ARTRA, and why. 

As we’ll see in this write up, the real price gains realised at ARTRA didn’t occur at the condos TOP. Instead, gains accumulated gradually over the years. Another interesting aspect to this analysis is that certain assumed advantages, such as stack facings, may not have been very beneficial after all. At least not in the face of solid fundamentals like entry price.

In this article, we’ll also see whether ARTRA’s larger units delivered higher gains, and the project's prospect now that its resale units are priced at the upper range in its district. 

Let’s start by looking at which owners made money, and who didn’t 

To make sense of these results, we need to separate when owners bought and sold, versus what they bought. This is because, as we’ll soon see, the outcome was often more affected by timing than by the type of unit chosen. 

The tables below show how ARTRA’s prices changed from launch, to the period just after TOP*, and finally into today’s resale market. 

*Temporary Occupancy Permit, the point at which you can collect your keys and move in.