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|January 21,20262025 Wrapped: Resale Private Condo Market
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The resale condo market remained resilient in 2025, recording healthy sales activity compared with the previous year. Caution prevailed over the market throughout the first half of the year, with buyer sentiment tempered by economic uncertainties and sweeping US tariffs that unsettled global markets. Sales momentum started to picked up in the second half of the year, with easing interest rates and the upswing in the economy. In 2025, about 12,448 condo units changed hands in the resale market compared with the 12,368 resale condo units sold in 2024. Resale prices in 2025 continued to rise over the past year. The average price of resale non-landed private homes came in at $1,779 psf in 2025, up by 4.2% from $1,708 psf in 2023.
PropNex looked at the most profitable condominium projects and districts in the resale market in 2025, ranking the top 10 best-performing projects and districts according to their gross profits. First, some details about the methodology which entails a comparison of resales caveats. The gains garnered for the units were derived by matching the condo resale transactions in 2025 with their previous purchase prices according to caveats lodged. The average profit was then computed on a project basis or district basis.
City Centre and City Fringe condo projects dominate top 10 gainers list
In a ranking of the average profit, the top 10 projects in 2025 were made up of Rest of Central Region (RCR) and Core Central Region (CCR) projects - there were no Outside Central Region (OCR) projects that made the top 10 list (see Table 1).
The top 10 most profitable projects had average profits ranging from $1.57 million to $2.01 million. The projects on the list were mostly newer developments projects. Unsurprisingly, most of the projects that made the top 10 list are developments that have desirable locational or physical attributes, such as being in the city or city fringe (Leedon Residence, Parvis), next to a waterbody (Pebble Bay, The Sea View) or close to an MRT station (Regency Park, Maple Woods).
Table 1: Top 10 resale condo projects^ in terms of average gross profit*
Project Name | Year Completed | Region | Resale Volume | 2025 Average Resale Pricing ($PSF) | Average Profit gained per resale transaction^ | Average Annualized Profit* |
| REGENCY PARK | 1989 | CCR | 10 | $2,263 | $2,095,000 | 3.4% |
| MAPLE WOODS | 1997 | RCR | 12 | $2,213 | $1,884,526 | 4.6% |
| LEEDON RESIDENCE | 2015 | CCR | 11 | $2,722 | $1,786,426 | 3.4% |
| PEBBLE BAY | 1997 | RCR | 18 | $1,856 | $1,744,706 | 3.4% |
| HAIG COURT | 2004 | RCR | 12 | $2,070 | $1,702,484 | 6.2% |
| THE ANCHORAGE | 1997 | RCR | 10 | $2,033 | $1,684,800 | 4.7% |
| THE SEA VIEW | 2008 | RCR | 13 | $2,702 | $1,679,877 | 6.7% |
| SOMMERVILLE PARK | 1985 | CCR | 13 | $2,196 | $1,669,038 | 5.1% |
| PARVIS | 2012 | CCR | 11 | $2,377 | $1,603,613 | 3.1% |
| THE TESSARINA | 2003 | CCR | 12 | $2,279 | $1,574,417 | 4.7% |
The most profitable project, Regency Park, a city centre condominium project in River Valley (District 10), recorded 31 resale transactions in the year, achieving gains of $2 million in excess on average for each transaction. The project is conveniently located within walking distance to the Great World MRT station on the Thomson East Coast Line. It is also located within close proximity to Orchard Road Shopping Belt and Great World City.
Suburban condo projects dominate top 10 most popular projects
With new benchmark prices for new launches, buyers continued to dip into the resale market to purchase homes. In 2025, by ranking the projects in terms of resale volume, the top 10 transacted projects comprised a mixture of OCR and RCR projects (see Table 2). Many of these projects are almost brand new and are mostly in good physical condition - a plus for owner occupiers looking to move in quickly.
In terms of gains, these projects pale in comparison to the top 10 most profitable projects (in Table 1 above), since many of them were recently-built and have been bought at higher entry prices than the older projects. Also, most of them likely had relatively shorter holding periods, which offered a shorter runway for values to appreciate.
Table 2: Top 10 resale condo projects^ in terms of number of units transacted
Project Name | Year Completed | Region | Resale Volume | 2025 Average Resale Pricing ($PSF) | Average Profit gained per resale transaction^ | Average Annualized Profit* |
| TREASURE AT TAMPINES | 2023 | OCR | 169 | $1,769 | $364,368 | 5.44% |
| PARC ESTA | 2022 | RCR | 127 | $2,289 | $468,082 | 5.46% |
| STIRLING RESIDENCES | 2022 | RCR | 113 | $2,380 | $372,192 | 4.33% |
| JADESCAPE | 2022 | RCR | 103 | $2,289 | $528,716 | 5.47% |
| RIVERFRONT RESIDENCES | 2023 | OCR | 98 | $1,730 | $334,129 | 4.63% |
| HIGH PARK RESIDENCES | 2019 | OCR | 85 | $1,628 | $412,689 | 5.38% |
| PARC CLEMATIS | 2023 | OCR | 78 | $2,160 | $451,820 | 5.81% |
| THE TRE VER | 2022 | RCR | 77 | $1,974 | $282,250 | 3.40% |
| THE TAPESTRY | 2021 | OCR | 74 | $1,702 | $255,935 | 3.51% |
| THE GARDEN RESIDENCES | 2021 | OCR | 73 | $1,845 | $209,804 | 3.02% |
^projects with fewer than 10 transactions in the month are excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1 Analysis was done based on available data from URA Realis
The top-selling resale project was Treasure at Tampines - a mega-condominium development in the OCR, that was recently completed in 2023. The project shifted a whopping 169 units on the resale market in 2025. The resale units that were sold in 2025 enjoyed average gains of nearly $365,000 per transaction and average gains of 5.44% per year.
The second top selling project was Parc Esta, a fairly new project that was completed in 2022. The project in District 14 sold 127 units on the resale market in 2025, with average gains of over $468,000 or average annualised gains at 5.46% per year.
More suburban districts posting better gains in 2025
On a district level, the Central Region pulled in bigger gains in terms of profit quantum. By ranking of the gross profit, the top 10 districts comprised of projects around the island - of note, more suburban districts, D12 (Balestier, Toa Payoh), D26 (Upper Thomson) and D22 (Boon Lay, Jurong) made the top 10 rankings (see Table 3).
Table 3: Top 10 districts for resale condo transactions in 2025 by gross gains*
District | Number of Units | Average Gains | Average Annualised Gains (%)# |
| D10 / Ardmore, Bukit Timah, Holland Road, Tanglin | 692 | $924,361 | 2.8% |
| D11 / Watten Estate, Novena, Thomson | 324 | $831,160 | 3.2% |
| D26 / Upper Thomson, Springleaf | 67 | $813,170 | 5.5% |
| D21 / Upper Bukit Timah, Clementi Park, Ulu Pandan | 401 | $789,391 | 4.3% |
| D15 / Katong, Joo Chiat, Amber Road | 906 | $781,273 | 4.3% |
| D20 / Bishan, Ang Mo Kio | 417 | $703,519 | 4.9% |
| D22 / Boon Lay, Jurong | 251 | $587,108 | 4.6% |
| D16 / Bedok, Upper East Coast, Eastwood, Kew Drive | 573 | $583,370 | 4.1% |
| D12 / Balestier, Toa Payoh | 367 | $514,269 | 3.8% |
| D09 /
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