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:
Past performance is a useful signal, but it's not a forecast. The projects that outperformed over the last cycle aren't guaranteed to do so again, and the reasons they outperformed may no longer apply.
The more useful question is whether a particular property still makes sense at today's price, given your budget, objectives and timeline. That's where many buyers find it helpful to get a second opinion.
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.
The overall performance of Coco Palms from 2014 to Q3 2025
| Year | Average $PSF |
| 2014 | $1,024 |
| 2015 | $1,016 |
| 2016 | $1,054 |
| 2017 | $1,078 |
| 2018 | $1,241 |
| 2019 | $1,222 |
| 2020 | $1,227 |
| 2021 | $1,251 |
| 2022 | $1,359 |
| 2023 | $1,497 |
| 2024 | $1,634 |
| 2025 (Up to Q3) | $1,654 |
| Annualised | 4.45% |
Now let’s compare this to the performance of other 99-year leasehold condos in the Singapore-wide market, as well as the District 18 (D18) market. We’re only comparing against 99-year leasehold projects because Coco Palms is itself a leasehold condo.
0 Comments