News > Profitable Condos in Singapore: What do they have in common?

Profitable Condos in Singapore: What do they have in common?

14 November 2024

Profitable Condos in Singapore: What are the common characteristics?

In Singapore’s highly competitive real estate market, condos are among the most sought-after property types for both homeowners and investors. Identifying the most profitable condos, defined by the highest average capital gain, can provide insights into key factors that contribute to their success.

This analysis aims to uncover common traits among top-performing condos, such as location, amenities, size, tenure, etc., helping investors and real estate professionals better understand what makes these properties particularly valuable.

Definitions/Meaning

Profitable Condos: refer to non-landed private properties (excluding ECs) where more than 90% of the total transactions in the past 10 years are profitable.

Methodology

To identify profitable condominiums in Singapore, we began by extracting a list of condos (excluding ECs) with a high transaction profitability rate, specifically targeting developments where at least 90% of transactions over the past 10 years yielded positive returns.

We then conducted an in-depth analysis of each selected condo, examining factors such as location, proximity to key amenities (e.g., MRT stations, schools, malls), age, tenure type, unit size, etc. By categorising these factors, we were able to identify the common characteristics of the profitable condos in Singapore.

The data in this analysis is powered by REA's real-time transaction database, offering the most up-to-date insight into the property market in Singapore. Read more about our real-time data here.

*Please be advised that the data and analysis presented are intended for reference purposes only. They do not encompass additional factors such as taxes, legal fees, and other associated expenses.

Overview of the Profitable Condos in Singapore

Top 5 most profitable Condos by Average annualised capital gain

Top 5 most profitable Condos by Average annualised capital gain are: The Eastside in D15, Kilat Centre in D21, Pin Mansions in D19, Haig Ten in D15 and Boonview in D20.

What are the common characteristics of the Profitable Condos in Singapore?

After analysing the list of profitable Condos, we have found that the majority of them: (i) are located in the Rest of Central Region (RCR), (ii) are freehold, (iii) have less than 50 units in total, (iv) are boutique developments (≤50,000 sqft), (v) are low-rise developments (1-10 floors), and (vi) are within 11-30 years old.

For detailed breakdown of our analysis, refer to the full PDF report at the bottom of this article.

Where are the Profitable Condos located at?

The majority of profitable Condo developments are located in RCR and OCR, accounting for 88% of total count. Among the districts, District 15 has the most number of profitable Condos, accounting for 27.2%.

Within 1km radius of the profitable Condos, on average, there are:

42 bus stops

2 MRT stations

2 Primary Schools

3 Shopping Malls

4 Markets

*Data is accurate as of the published date of this article.

*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.

Download the full report (PDF) here: Profitable Condos What do they have in common.pdf

To know more about our data-driven real estate solutions, contact us here.

Continue to read our other data insights articles:

Unprofitable Condos in Singapore: What do they have in common?

Leasehold vs Freehold Condo: Which One is Better in Terms of Profit?

Should you sell your condo before or after TOP? A look at the profitability of New Sale to Subsale and New Sale to Resale Transactions

Less Space, More Cost: Have Condos become Smaller yet Pricier?