Savills Singapore shared that High Park Residences in District 28 (Seletar/Seng Kang West), Botanique At Bartley, Forest Woods in District 19 (Hougang/Punggol/Serangoon), Artra in District 3 (Queenstown/Alexandra/Redhill) and The Clement Canopy in District 5 (Buona Vista/Dover/Pasir Panjang/West Coast)* saw the highest price appreciation between 50%-60% over the past decade.
These developments are leasehold properties (99 years) and are large, consisting of 501-1,000 units, with the exception of Artra, which is a mid-sized development (201-500 units). The developments are mostly apartments and condominiums. In the case of High Park Residences, it comprises apartments with houses.
High Park Residences saw the most appreciation in value at almost 60%. The average resale price psf in 2H 2024 was S$1,575.15, a huge leap from its average launch price psf of S$989.86.
While the price appreciation was not as significant as High Park Residences, Botanique At Bartley came in second place at almost 47%. Both developments were launched in 2015. In third place was Forest Woods at about 43%
Alan Cheong, Executive Director, Research & Consultancy, Savills Singapore comments, “For pure investors, buying a private residential property is all about timing and buying into the right development. Over the course of about 10 years, empirical evidence showed that projects that are mid to large size tend to appreciate more in capital value terms than the smaller ones. However, it does not mean that smaller projects are losing out. They offer value for money for those who intend to buy for rental yield or for long term personal stay.”
Read the analysis here: https://livethere.com/post/top-20-rcr-and-ocr-condos-with-the-highest-appreciation-over-the-past-decade-(2014-2024)
