How A 944-Unit Mega-Condo In Pasir Ris Ended Up Beating The Market
Coco Palms, a 944-unit condominium in Pasir Ris, has come up as one of the best performing 99-year leasehold condominiums in terms of its average psf price growth and return-on-investment (ROI) over a nearly decade-long period from 2014 to 2025. The capital growth of resale units at Coco Palms is far from expected given the response to the project’s sales launch in May 2014.
For starters, Coco Palms was an unfashionably large condo at the time with 944 units. Back then, most buyers on the market hadn’t developed a taste for mega-sized projects and the design of some units at Coco Palms was criticised for lacking privacy. On top of this, other seemingly glamorous projects like Marina One Residences and Sophia Hills hogged the limelight in the new launch market that year.
Despite this, Coco Palms is now a benchmark development in Pasir Ris: it is almost the “default” family condo of Pasir Ris; and the concern over “too many units” among some buyers never came to pass. Let’s have a closer look at why the condo succeeded:
