TOP Selling Private Condominium Projects in District 17 (6months from 5th October 2023 to 5th April 2024)
This report analyzes the top-selling private condominium projects located in Changi for the first quarter of 2024. The data encompasses various key metrics such as project details, tenure, TOP (Temporary Occupation Permit) year, bedroom types transacted, price range, price per square foot (PSF), and the number of transactions. Understanding these trends is crucial for property analysts, investors, and developers to gain insights into the Changi real estate market.
| Number | Project | Tenure | TOP | Bedroom Type Transacted | Lowest Price | Average Price | Highest Price | Lowest PSF | Average PSF | Highest PSF | Number of Transactions |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PARC OLYMPIA | 99 years | 2015 | 1,2,3,4 | $655,000 | $1,070,491 | $1,777,000 | $1,032 | $1,185 | $1,323 | 12 |
| 2 | HEDGES PARK CONDOMINIUM | 99 years | 2015 | 2,3,4 | $980,000 | $1,237,172 | $1,650,000 | $1,186 | $1,242 | $1,295 | 11 |
| 3 | PALM ISLES | 99 years | 2015 | 2,3,4 | $900,000 | $1,317,000 | $2,750,000 | $912 | $1,159 | $1,280 | 10 |
| 4 | THE INFLORA | 99 years | 2017 | 1,2,3,4 | $560,000 | $1,126,300 | $1,700,000 | $1,161 | $1,224 | $1,305 | 10 |
| 5 | CARISSA PARK CONDOMINIUM | Freehold | 2003 | 1,2,3 | $788,000 | $1,233,429 | $1,650,000 | $1,002 | $1,122 | $1,220 | 7 |
| 6 | AZALEA PARK CONDOMINIUM | 999 Years | 1996 | 3,4 | $1,438,000 | $1,627,767 | $1,853,600 | $1,082 | $1,104 | $1,121 | 6 |
| 7 | EDELWEISS PARK CONDOMINIUM | Freehold | 2006 | 2,3,4 | $990,000 | $1,584,667 | $2,860,000 | $867 | $973 | $1,070 | 6 |
| 8 | DAHLIA PARK CONDOMINIUM | Freehold | 2004 | 2,3,4 | $1,140,000 | $1,475,200 | $1,828,000 | $1,023 | $1,106 | $1,166 | 5 |
| 9 | BALLOTA PARK CONDOMINIUM | Freehold | 2000 | 2,3 | $990,000 | $1,372,222 | $1,698,888 | $928 | $987 | $1,051 | 4 |
| 10 | FERRARIA PARK CONDOMINIUM | Freehold | 2010 | 1,2 | $803,000 | $1,069,500 | $1,200,000 | $1,218 | $1,249 | $1,281 | 4 |
| 11 | CASA PASIR RIS | 999 Years | 1997 | 1,3 | $715,000 | $1,128,333 | $1,440,000 | $1,053 | $1,135 | $1,253 | 3 |
| 12 | COASTAL BREEZE RESIDENCES | 99 Years | 2012 | 3 | $1,268,000 | $1,766,000 | $2,050,000 | $800 | $922 | $1,101 | 3 |
| 13 | ESTELLA GARDENS | Freehold | 1999 | 1,2,3 | $782,000 | $1,144,000 | $1,550,000 | $1,175 | $1,189 | $1,200 | 3 |
| 14 | LOYANG VALLEY | 99 Years | 1985 | 2,3 | $1,405,000 | $1,596,500 | $1,788,000 | $938 | $942 | $946 | 2 |
| 15 | RIZ HAVEN | 999 Years | 2011 | 1,3 | $620,000 | $1,004,000 | $1,388,000 | $1,194 | $1,283 | $1,371 | 2 |
| 16 | THE GALE | Freehold | 2014 | 2,4 | $1,138,888 | $1,914,444 | $2,690,000 | $1,059 | $1,138 | $1,216 | 2 |
| 17 | THE JOVELL | 99 Years | 2021 | 1,2 | $838,000 | $964,000 | $1,090,000 | $1,511 | $1,550 | $1,589 | 2 |
| 18 | THE SHOREFRONT | 999 Years | 2026 | 2 | $1,545,000 | $1,552,500 | $1,560,000 | $1,767 | $1,828 | $1,889 | 2 |
| 19 | AVILA GARDENS | Freehold | 1995 | 2 | $1,100,000 | $1,100,000 | $1,100,000 | $1,231 | $1,231 | $1,231 | 1 |
| 20 | BLUWATERS | 999 years | 2007 | 2 | $1,030,000 | $1,030,000 | $1,030,000 | $1,259 | $1,259 | $1,259 | 1 |
| 21 | COASTAL VIEW RESIDENCES | 999 years | 2009 | 3 | $1,300,000 | $1,300,000 | $1,300,000 | $1,118 | $1,118 | $1,118 | 1 |
| 22 | JLB RESIDENCES | 999 years | 2008 | 3 | $1,330,800 | $1,330,800 | $1,330,800 | $1,329 | $1,329 | $1,329 | 1 |
| 23 | LE LOYANG | 999 years | 1994 | 3 | $1,290,000 | $1,290,000 | $1,290,000 | $966 | $966 | $966 | 1 |
| 24 | LIGHTHOUSE | 99 years | 2004 | 2 | $1,240,000 | $1,240,000 | $1,240,000 | $1,029 | $1,029 | $1,029 | 1 |
| 25 | OCEAN FRONT SUITES | 999 years | 2016 | 3 | $1,638,000 | $1,638,000 | $1,638,000 | $1,492 | $1,492 | $1,492 | 1 |
Key Findings:
Tenure Distribution: The majority of the top-selling projects in Changi have a 99-year leasehold tenure, with a few freehold and 999-year leasehold properties also present. This reflects the prevalent tenure options available in the area, catering to diverse buyer preferences.
Project Diversity: Changi offers a diverse range of condominium projects, accommodating various bedroom types and tenures. This diversity caters to different buyer segments, from families seeking larger units to investors looking for long-term appreciation potential.
Price Range and PSF: Prices range from affordable options around $560,000 to higher-end properties exceeding $2.7 million. The average PSF varies across projects, influenced by factors such as location, facilities, and tenure.
Transaction Volume: While some projects witnessed higher transaction volumes, others had fewer but higher-priced transactions. This diversity reflects the varied preferences and affordability levels of buyers in the Changi real estate market.
Trends and Insights:
Affordability and Value: Projects like Parc Olympia and Hedges Park Condominium offer relatively affordable options, attracting buyers seeking value for money in Changi’s property market.
Luxury Segment Appeal: Prestigious projects such as Palm Isles and Coastal Breeze Residences cater to buyers looking for luxury living experiences, with upscale amenities and premium finishes.
Investment Potential: Freehold properties like Carissa Park Condominium and Edelweiss Park Condominium attract investors seeking long-term capital appreciation and rental yields in Changi’s stable real estate market.
New Launches Impact: Recent developments like The Jovell and The Shorefront made significant contributions to Q1 2024 sales, indicating positive market sentiment towards newly launched projects in Changi.
Conclusion:
The Q1 2024 data underscores the diversity and vibrancy of the Changi real estate market, offering a range of options to cater to different buyer preferences and investment objectives. Property analysts, investors, and developers should closely monitor these trends to capitalize on opportunities and navigate the evolving landscape of Changi’s property market effectively. Further analysis into buyer demographics, market sentiment, and infrastructure developments can provide deeper insights for strategic decision-making and investment planning in Changi’s dynamic real estate sector.
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Analysis of Sales Transactions of PARC OLYMPIA for Past 6 months
1. Profitable Transactions Distribution:
The data reveals a varied distribution of profitable transactions across different units within Parc Olympia. This diversity indicates that various unit types and sizes within the condominium have yielded profitable returns for sellers.
2. Sale Price and Profit Margins:
Sale prices per square foot range from S$1,032 to S$1,323, indicating differing market values for units within the development. Higher sale prices typically correlate with larger unit sizes and more desirable features.
Profits earned from these transactions range from S$109,112 to S$397,000, showcasing the potential for significant financial gains through property investment in Parc Olympia.
3. Purchase Price and Holding Periods:
Purchase prices per square foot range from S$813 to S$1,090, suggesting varying entry points for investors or homeowners into the Parc Olympia market.
Holding periods range from 1,715 to 4,221 days, indicating differing lengths of ownership before selling. Longer holding periods may imply strategic investment decisions or changes in personal circumstances.
4. Annualized Profit Percentage:
Annualized profit percentages range from 1.6% to 5.5%, indicating the annualized rate of return on investment for each transaction.
Higher annualized profit percentages typically reflect shorter holding periods and/or larger profit margins relative to the initial investment.
5. Trends and Insights:
Transactions with higher profit margins and annualized percentages often correlate with shorter holding periods, suggesting the potential for quick returns on investment in the Parc Olympia market.
Larger unit sizes, such as those with three or four bedrooms, tend to command higher sale prices and profit margins compared to smaller units.
Units purchased during earlier years, particularly in 2012 and 2015, have generally yielded higher profits, indicating potential capital appreciation over time within the Parc Olympia development.
6. Investment Potential:
The data underscores the investment potential of Parc Olympia, with buyers realizing substantial profits over varying holding periods.
Investors and homeowners seeking profitable opportunities in the Parc Olympia market may consider factors such as unit size, purchase price, holding period, and market trends to make informed investment decisions.
Overall, the data highlights the attractiveness of Parc Olympia as a lucrative investment option, with opportunities for both short-term gains and long-term appreciation in property value.
| Sold On | Address | Area (sqft) | Bedrooms | Sale Price (S$ psf) | Profit (S$) | Purchase Price (S$ psf) | Bought On | Days | Annualised (%) |
|---|---|---|---|---|---|---|---|---|---|
| 21-Mar-24 | 66 Flora Drive #XX-XX | 990 | 3 | 1,166 | 350,040 | 813 | 15-Oct-12 | 4,175 | 3.2 |
| 19-Mar-24 | 52 Flora Drive #XX-XX | 1,485 | 4 | 1,196 | 397,000 | 929 | 9-Jul-19 | 1,715 | 5.5 |
| 14-Mar-24 | 56 Flora Drive #XX-XX | 657 | 2 | 1,249 | 170,000 | 990 | 19-Jul-17 | 2,430 | 3.6 |
| 8-Mar-24 | 66 Flora Drive #XX-XX | 646 | 2 | 1,285 | 247,000 | 903 | 17-Aug-12 | 4,221 | 3.1 |
| 8-Mar-24 | 66 Flora Drive #XX-XX | 1,163 | 3 | 1,032 | 178,000 | 879 | 10-May-19 | 1,764 | 3.4 |
| 8-Feb-24 | 54 Flora Drive #XX-XX | 775 | 2 | 1,187 | 202,600 | 926 | 27-Sep-12 | 4,151 | 2.2 |
| 6-Feb-24 | 54 Flora Drive #XX-XX | 657 | 2 | 1,256 | 109,112 | 1,090 | 24-Mar-15 | 3,241 | 1.6 |
| 24-Jan-24 | 64 Flora Drive #XX-XX | 797 | 2 | 1,161 | 227,150 | 876 | 17-Aug-12 | 4,177 | 2.5 |
| 23-Jan-24 | 62 Flora Drive #XX-XX | 1,023 | 2 | 1,032 | 205,000 | 831 | 4-May-18 | 2,090 | 3.8 |
| 5-Jan-24 | 64 Flora Drive #XX-XX | 495 | 1 | 1,323 | 158,600 | 1,003 | 29-Aug-12 | 4,146 | 2.5 |
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Analysis of Profitable Sales Transactions of CARISSA PARK CONDOMINIUM
1. Profitable Transactions Overview:
The table presents data on profitable sales transactions of units within Carissa Park Condominium.
Each transaction includes details such as the date of sale, address, area in square feet, number of bedrooms, sale price per square foot, profit earned, purchase price per square foot, purchase date, days held, and annualized profit percentage.
2. Sale Price and Profit Margin:
Sale prices per square foot range from S$1,002 to S$1,220, indicating variability in unit prices within the condominium.
Profits earned from these transactions range from S$210,000 to S$624,840, showcasing the potential for significant financial gains through property investment in Carissa Park Condominium.
3. Purchase Price and Holding Periods:
Purchase prices per square foot range from S$455 to S$969, reflecting differing entry points for investors into the Carissa Park Condominium market.
Holding periods range from 1,150 to 8,954 days, indicating varying lengths of ownership before selling. Longer holding periods may suggest strategic investment decisions or changes in personal circumstances.
4. Annualized Profit Percentage:
Annualized profit percentages range from 1.9% to 10.1%, indicating the annualized rate of return on investment for each transaction.
Higher annualized profit percentages typically reflect shorter holding periods and/or larger profit margins relative to the initial investment.
5. Trends and Insights:
Transactions with higher profit margins and annualized percentages often correlate with shorter holding periods, suggesting the potential for quick returns on investment in Carissa Park Condominium.
Units with larger sizes or more bedrooms tend to command higher sale prices and profit margins compared to smaller units.
Units purchased during earlier years generally yielded higher profits, indicating potential capital appreciation over time within Carissa Park Condominium.
6. Investment Potential:
The data underscores the investment potential of Carissa Park Condominium, with buyers realizing substantial profits over varying holding periods.
Investors and homeowners seeking profitable opportunities in the Carissa Park Condominium market may consider factors such as unit size, purchase price, holding period, and market trends to make informed investment decisions.
Overall, the data highlights Carissa Park Condominium as a lucrative investment option, with opportunities for both short-term gains and long-term appreciation in property value.
| Sold On | Address | Area (sqft) | Bedrooms | Sale Price (S$ psf) | Profit (S$) | Purchase Price (S$ psf) | Bought On | Days | Annualised (%) |
|---|---|---|---|---|---|---|---|---|---|
| 18-Mar-24 | 6 Flora Drive #XX-XX | 947 | 2 | 1,098 | 412,560 | 662 | 23-Jul-99 | 9,005 | 2.1 |
| 7-Mar-24 | 4 Flora Drive #XX-XX | 1,324 | 3 | 1,186 | 409,112 | 877 | 12-Jan-21 | 1,150 | 10.1 |
| 15-Feb-24 | 2 Flora Drive #XX-XX | 926 | 2 | 1,111 | 329,000 | 755 | 21-Apr-10 | 5,048 | 2.8 |
| 30-Jan-24 | 4 Flora Drive #XX-XX | 646 | 1 | 1,220 | 228,000 | 867 | 30-May-17 | 2,436 | 5.3 |
| 30-Jan-24 | 2 Flora Drive #XX-XX | 1,324 | 3 | 1,148 | 624,840 | 676 | 26-Jul-99 | 8,954 | 2.2 |
| 10-Nov-23 | 4 Flora Drive #XX-XX | 1,001 | 3 | 1,179 | 210,000 | 969 | 26-Jun-13 | 3,789 | 1.9 |
| 1-Nov-23 | 2 Flora Drive #XX-XX | 1,647 | 3 | 1,002 | 900,000 | 455 | 28-Jun-07 | 5,970 | 4.9 |
| 25-Oct-23 | 2 Flora Drive #XX-XX | 1,302 | 3 | 1,096 | 328,000 | 845 | 26-Apr-18 | 2,008 | 4.9 |
