Yahoo Finance Does holding a condo for more than 20 years mean higher gains? We take a look at the data for Feb 2023
We recently compiled the top 10 condo gains by the regions (CCR, RCR, OCR) based on condo transactions from 1 to 7 February 2023.
Among the top 10 condo gainers across the three regions, one of the transactions that stood out was the S$1.56m sale of a unit at Blue Horizon. As the unit was bought for around S$672k in 2002, it was held for 21 years, before making a gain of around S$888k when it was sold recently.
So we wonder if selling a condo unit that was purchased more than 20 years ago can translate to a higher gain.
In this follow-up article, we’re reviewing condo gains with a holding period of more than 20 years, based on transactions from 1 to 10 February 2023.
Condo name | Size (sq ft) | Bought for/ Date bought | Sold for/ Date sold | Capital gain | Years held | Return | Annalised return |
1,507 | S$488k
6 Jan 1999 | S$1.9m
9 Feb 2023 | S$1.41m | 24 | 289% | 5.83% | |
1,238 | S$1.18m
16 Mar 1998 | S$2.33m
2 Feb 2023 | S$1.15m | 25 | 97.5% | 2.76% | |
1,216 | S$672k
8 Jan 2002 | S$1.56m
3 Feb 2023 | S$888k | 21 | 132% | 4.09% | |
1,249 | S$533k
2 May 1997 | S$1.14m
8 Feb 2023 | S$605k | 26 | 114% | 2.96% | |
1,066 | S$490k
16 Jan 2002 | S$1.07m
6 Feb 2023 | S$580k | 21 | 118% | 3.79% | |
1,249 | S$545k
1 Oct 1998 | S$1.1m
3 Feb 2023 | S$555k | 25 | 102% | 2.85% | |
1,044 | S$600k
4 Jan 2000 | S$940k
3 Feb 2023 | S$340k | 23 | 56.7% | 1.97% |
Among these seven transactions, five of them made a return of at least 100%, with another transaction almost hitting a 100% return.
Based on these transactions, it could be said that holding a condo unit for more than two decades can translate to a higher gain. We also notice that for most of these transactions, the gains are more than the initial purchase prices when these units were bought more than 20 years ago.
But when we filter the data and look at the top 10 condo gains from 1 to 10 February, only two were held for over 20 years. Meanwhile, half of the top 10 condo gainers were held for 11 to 17 years.
Condo name | Size (sq ft) | Bought for/ Date bought | Sold for/ Date sold | Capital gain | Years held | Return | Annalised return |
2,024 | S$4.21m
19 Oct 2006 | S$6.28m
8 Feb 2023 | S$2.07m | 17 | 49.1% | 2.38% | |
4,015 | S$7.22m
17 Aug 2017 | S$8.68m
1 Feb 2023 | S$1.46m | 6 | 20.2% | 3.11% | |
1,507 | S$488k
6 Jan 1999 | S$1.9m
9 Feb 2023 | S$1.41m | 24 | 289% | 5.83% | |
1,141 | S$1.46m
24 June 2009 | S$2.8m
10 Feb 2023 | S$1.34m | 14 | 91.8% | 4.76% | |
1,421 | S$980k
29 May 2007 | S$2.28m
3 Feb 2023 | S$1.3m | 16 | 132% | 5.42% | |
1,959 | S$2.71m
22 Mar 2012 | S$4m
9 Feb 2023 | S$1.29m | 11 | 47.6% | 3.60% | |
1,399 | S$1.42m
14 Aug 2009 | S$2.6m
1 Feb 2023 | S$1.18m | 14 | 83.4% | 4.43% | |
1,238 | S$1.18m
16 Mar 1998 | S$2.33m
2 Feb 2023 | S$1.15m | 25 | 97.5% | 2.76% | |
1,873 | S$1.94m
10 Jul 2017 | S$3.08m
3 Feb 2023 | S$1.14m | 6 | 58.8% | 8.01% | |
2,701 | S$6.05m
12 Dec 2016 | S$7.18m
7 Feb 2023 | S$1.13m | 7 | 18.7% | 2.48% |
So a longer holding period (20 years as opposed to 15 years) doesn’t necessarily translate to a higher absolute gain.
More importantly, we shouldn’t just look at the absolute capital gain. A more accurate way would be to look at the respective annualised returns, which takes into account the effect of compounding. This also allows you to compare the transactions better.
In the case of the top 10 condo gains above, the transaction with the highest annualised return is the S$3.08 million sale for Clementi Park. Interestingly, it has one of the shortest holding periods of six years.
Condos for sale
Goodwood Residence
261 Bt Timah Rd · D10
2
2
1,862 sqft
$4,500,000
Parbury Hill Condominium
38 Parbury Ave · D16
2
2
1,055 sqft
$1,680,000
Reflections At Keppel Bay
17 Keppel Bay View · D4
3
4
1,550 sqft
$2,600,000
Bayshore Park
50 Bayshore Rd · D16
3
2
1,173 sqft
$1,600,000
Concourse Skyline
296 Beach Rd · D7
1
2
1,152 sqft
$2,080,000
Dakota Residences
42 Dakota Cres · D14
3
3
1,313 sqft
$2,400,000
The Tessarina
26 Wilby Rd · D10
3
2
1,324 sqft
$2,990,000
Marina Bay Residences
18 Marina Boulevard · D1
2
2
1,130 sqft
$2,390,000
Nouvel 18
16 Anderson Rd · D10
3
3
1,765 sqft
$5,280,000
Knox View
21 Lor M Telok Kurau · D15
3
2
1,183 sqft
$2,000,000
Juniper Hill
39 Ewe Boon Rd · D10
4
5
1,970 sqft
$6,000,000
Reflections At Keppel Bay
8 Keppel Bay View · D4
3
3
1,830 sqft
$3,333,000
Wallich Residence
3 Wallich St · D2
4
4
1,658 sqft
$6,038,000
Carissa Park Condominium
2 Flora Dr · D17
3
3
1,647 sqft
$2,050,000
The Lilium
31 How Sun Rd · D19
3
3
1,227 sqft
$2,418,000
Twin Waterfalls
102 Punggol Walk · D19
3
2
1,377 sqft
$1,899,000
Elliot At The East Coast
21 Elliot Rd · D15
2
2
1,615 sqft
$2,380,000
Villa Martia
11 Martia Rd · D15
2
3
1,023 sqft
$1,650,000
Bluwaters
195 Jln Loyang Besar · D17
3
3
1,130 sqft
$1,356,000
Cape Royale
17 Cove Way · D4
3
3
1,679 sqft
$3,450,000
The Anchorage
370E Alexandra Rd · D3
2
2
1,184 sqft
$2,200,000
The Line @ Tanjong Rhu
6 Tg Rhu Rd · D15
3
3
1,184 sqft
$2,700,000
The Topiary
21 Fernvale Lane · D28
3
2
1,055 sqft
$1,450,000
Duchess Crest
50 Duchess Ave · D10
4
4
1,711 sqft
$3,100,000
Riveria Gardens
8 River Valley Grove · D9
3
2
1,432 sqft
$3,480,000
Marina Collection
13 Cove Dr · D4
3
3
1,872 sqft
$3,800,000
Artra
10 Alexandra View · D3
3
3
1,227 sqft
$2,900,000
Mera Springs
81 Carlisle Rd · D8
3
3
1,292 sqft
$2,800,000
De Casalle
86A Lor N Telok Kurau · D15
4
2
1,249 sqft
$2,500,000
Westwood Residences
194 Westwood Ave · D22
4
3
1,152 sqft
$1,450,000
Bellewaters
15 Anchorvale Cres · D19
3
2
1,345 sqft
$1,768,000
The Sail @ Marina Bay
6 Marina Boulevard · D1
4
4
1,647 sqft
$3,800,000
Belysa
55 Pasir Ris Dr 1 · D18
3
2
1,464 sqft
$1,790,000
Sant Ritz
1 Pheng Geck Ave · D13
4
2
1,786 sqft
$2,550,000
Icon
10 Gopeng St · D2
2
2
1,238 sqft
$2,180,000
Concourse Skyline
296 Beach Rd · D7
4
4
2,123 sqft
$5,600,000
Marina One Residences
21 Marina Way · D1
4
4
2,034 sqft
$6,368,000
Bluwaters 2
205 Jln Loyang Besar · D17
3
3
2,700 sqft
$2,800,000
Baywater
810 Bedok Reservoir Rd · D16
3
2
2,522 sqft
$2,500,000
Bedok Court
299 Bedok Sth Ave 3 · D16
3
2
2,271 sqft
$2,360,000
Grange Infinite
27 Grange Rd · D9
4
4
2,562 sqft
$7,135,000
Parvis
18 Holland Hill · D10
4
4
2,583 sqft
$5,680,000
D'ecosia
29 Still Rd Sth · D15
3
3
2,174 sqft
$2,999,999
8 Napier
8 Napier Rd · D10
3
3
2,013 sqft
$7,000,000
The Orchard Residences
238 Orchard Boulevard · D9
3
3
2,174 sqft
$6,800,000
Reignwood Hamilton Scotts
37 Scotts Rd · D9
3
4
2,756 sqft
$9,300,000
Elliot At The East Coast
33 Elliot Rd · D15
3
2
2,314 sqft
$3,990,000
Corals At Keppel Bay
1 Keppel Bay Dr · D4
4
5
2,573 sqft
$6,368,000
The Lumos
9 Leonie Hill · D9
4
4
2,432 sqft
$6,040,000
Alba
8 Cairnhill Rise · D9
4
3
2,303 sqft
$7,770,690
Leonie Towers
20 Leonie Hill · D9
4
5
2,960 sqft
$6,888,000
The Lumos
9 Leonie Hill · D9
4
4
2,432 sqft
$6,000,000
Rivershire
31 Leonie Hill · D9
4
3
2,088 sqft
$5,500,000
Amber Park
18 Amber Gdns · D15
5
4
2,325 sqft
$5,082,000
Canninghill Piers / Canninghill Square
1 Clarke Quay · D6
4
4
2,788 sqft
$8,616,000
Irwell Hill Residences
2 Irwell Hill · D9
4
6
2,228 sqft
$9,452,000
Juniper Hill
39 Ewe Boon Rd · D10
5
5
2,217 sqft
$7,094,600
Amber Park
14 Amber Gdns · D15
5
6
2,045 sqft
$5,082,000
Corals At Keppel Bay
3 Keppel Bay Dr · D4
4
5
2,573 sqft
$6,360,000
Corals At Keppel Bay
3 Keppel Bay Dr · D4
4
5
2,573 sqft
$6,360,000
Amber Park
18 Amber Gdns · D15
5
4
2,045 sqft
$5,082,000
Amber Park
18 Amber Gdns · D15
5
4
2,045 sqft
$5,082,000
Concourse Skyline
296 Beach Rd · D7
5
4
2,271 sqft
$4,895,000
Seascape
55 Cove Way · D4
3
4
2,164 sqft
$4,780,000
Seascape
55 Cove Way · D4
4
4
2,680 sqft
$6,030,000
Turquoise
51 Cove Dr · D4
4
4
2,422 sqft
$4,115,830
Irwell Hill Residences
2 Irwell Hill · D9
4
5
2,228 sqft
$9,400,000
Irwell Hill Residences
2 Irwell Hill · D9
5
6
2,605 sqft
$11,000,000
One Pearl Bank
1 Pearl Bank · D3
4
5
2,691 sqft
$8,400,000
The Avenir
8 River Valley Cl · D9
4
4
2,067 sqft
$6,700,000
Eden Residences Capitol
11 Stamford Rd · D6
3
4
3,003 sqft
$11,380,000
Seahill
101 West Coast Cres · D5
4
2
3,832 sqft
$4,499,800
Seahill
107 West Coast Cres · D5
4
2
3,574 sqft
$3,743,710
Caribbean At Keppel Bay
40 Keppel Bay Dr · D4
4
4
3,209 sqft
$4,200,000
The Arcadia
235 Arcadia Rd · D11
4
4
3,758 sqft
$4,700,000
The Interlace
190 Depot Rd · D4
3
4
3,875 sqft
$3,900,000
Yong An Park
331 River Valley Rd · D9
4
5
3,606 sqft
$9,388,000
Midtown Modern
18 Tan Quee Lan St · D7
5
7
3,616 sqft
$15,750,000
Reflections At Keppel Bay
21 Keppel Bay View · D4
4
0
3,229 sqft
$8,500,000
Reflections At Keppel Bay
21 Keppel Bay View · D4
4
3,229 sqft
$8,500,000
Caribbean At Keppel Bay
40 Keppel Bay Dr · D4
4
4
3,207 sqft
$4,160,000
Caribbean At Keppel Bay
40 Keppel Bay Dr · D4
4
4
3,209 sqft
$4,160,000
The Line @ Tanjong Rhu
6 Tg Rhu Rd · D15
4
4
3,425 sqft
$8,800,000
Parc Clematis
8F Jln Lempeng · D5
4
5
3,466 sqft
$4,530,000
Parc Clematis
8F Jln Lempeng · D5
5
5
3,832 sqft
$5,500,000
Midtown Modern
16 Tan Quee Lan St · D7
5
7
3,616 sqft
$15,500,000
Corals At Keppel Bay
7 Keppel Bay Dr · D4
4
5
3,132 sqft
$9,030,000
Parc Clematis
2 Jln Lempeng · D5
4
5
3,466 sqft
$4,442,000
Belle Vue Residences
23 Oxley Walk · D9
4
4
3,681 sqft
$6,450,000
Parc Clematis
8F Jln Lempeng · D5
4
5
3,465 sqft
$4,442,000
Buckley Classique
11 Buckley Rd · D11
4
4
3,563 sqft
$7,180,000
Hillsta
46 Phoenix Rd · D23
4
5
3,229 sqft
$3,500,000
Belle Vue Residences
19 Oxley Walk · D9
4
3
3,980 sqft
$6,999,999
Marina Collection
13 Cove Dr · D4
5
7
3,757 sqft
$7,880,000
The Line @ Tanjong Rhu
6 Tg Rhu Rd · D15
5
4
3,423 sqft
$7,188,300
Regency Park
9 Nathan Rd · D10
4
5
3,650 sqft
$9,847,770
Corals At Keppel Bay
1 Keppel Bay Dr · D4
4
6
3,122 sqft
$10,197,000
Reignwood Hamilton Scotts
37 Scotts Rd · D9
3
4
3,229 sqft
$13,000,000
Cairnhill Plaza
53 Cairnhill Rd · D9
4
4
3,305 sqft
$7,500,000
The Glyndebourne
38 Trevose Cres · D11
5
6
3,560 sqft
$8,250,000
The Lumos
9 Leonie Hill · D9
4
4
3,336 sqft
$8,677,000
The Berth By The Cove
222 Ocean Dr · D4
4
4
3,046 sqft
$5,000,000
Cairnhill Plaza
53 Cairnhill Rd · D9
4
5
3,305 sqft
$7,500,000
Reflections At Keppel Bay
17 Keppel Bay View · D4
4
4
3,757 sqft
$8,500,000
Beaufort On Nassim
12 Nassim Rd · D10
3
5
3,681 sqft
$10,500,000
D'leedon
3 Leedon Hts · D10
5
4
4,908 sqft
$6,180,000
Seascape
59 Cove Way · D4
4
6
4,241 sqft
$9,495,300
Montclair @ Whitley
121B Whitley Rd · D11
4
4
4,199 sqft
$4,800,000
One Bernam
1 Bernam St · D2
5
7
4,306 sqft
$16,649,000
Amber Skye
8 Amber Rd · D15
4
4
4,629 sqft
$7,160,400
Scotts Highpark
45 Scotts Rd · D9
4
5
4,209 sqft
$11,499,999
Paterson Residence
83 Paterson Rd · D9
5
6
4,898 sqft
$11,000,000
One Bernam
1 Bernam St · D2
5
5
4,306 sqft
$16,322,000
Lucida
2 Suffolk Rd · D11
4
5
4,176 sqft
$6,765,000
Le Nouvel Ardmore
1A Ardmore Pk · D10
4
4
4,176 sqft
$27,000,000
Marina Bay Residences
18 Marina Boulevard · D1
4
5
4,478 sqft
$17,920,000
The Vision
59 West Coast Cres · D5
4
5
4,940 sqft
$3,500,000
Nathan Suites
21 Nathan Rd · D10
4
6
4,811 sqft
$11,580,000
One Bernam
1 Bernam St · D2
5
4
4,306 sqft
$16,649,000
Eden Residences Capitol
11 Stamford Rd · D6
3
6
4,221 sqft
$17,148,600
Lion Towers
2 Essex Rd · D11
6
6
4,995 sqft
$6,900,000
One Bernam
1 Bernam St · D2
5
7
4,306 sqft
To be confirmed
Silversea
50 Marine Parade Rd · D15
4
3
4,596 sqft
$12,466,890
Corals At Keppel Bay
11 Keppel Bay Dr · D4
4
7
4,725 sqft
$11,800,000
One Bernam
1 Bernam St · D2
5
5
4,306 sqft
$16,649,000
Duchess Crest
68 Duchess Ave · D10
5
5
4,295 sqft
$6,800,000
Corals At Keppel Bay
11 Keppel Bay Dr · D4
4
7
4,725 sqft
$11,800,000
One Bernam
1 Bernam St · D2
5
7
4,306 sqft
$6,700,000
One Bernam
1 Bernam St · D2
5
7
4,306 sqft
To be confirmed
One Bernam
1 Bernam St · D2
5
7
4,306 sqft
To be confirmed
Amber Skye
8 Amber Rd · D15
4
5
4,628 sqft
$7,158,000
St Thomas Suites
31 St. Thomas Walk · D9
5
6
4,671 sqft
$13,800,000
Archipelago
523 Bedok Reservoir Rd · D16
5
5
4,402 sqft
$3,880,000
One Bernam
1 Bernam St · D2
5
6
4,306 sqft
$16,649,000
Lucida
2 Suffolk Rd · D11
4
5
4,176 sqft
$6,765,000
Seascape
55 Cove Way · D4
4
4
4,069 sqft
$12,000,000
Seven Palms Sentosa Cove
153 Cove Dr · D4
4
4
4,650 sqft
$14,730,000
Lucida
2 Suffolk Rd · D11
4
5
4,176 sqft
$6,765,000
St. Regis Residences Singapore
33 Tanglin Rd · D10
4
4
4,069 sqft
$12,000,000
St Thomas Suites
33 St. Thomas Walk · D9
5
5
4,672 sqft
$13,800,000
Eden Residences Capitol
11 Stamford Rd · D6
4
6
5,963 sqft
$26,000,000
Klimt Cairnhill
71 Cairnhill Rd · D9
5
7
5,920 sqft
$32,800,000
Honolulu Tower
341 Bt Timah Rd · D10
5
5
5,820 sqft
$18,200,000
The Lumos
9 Leonie Hill · D9
4
4
5,929 sqft
$13,400,000
3 Orchard By-The-Park
3 Orchard Boulevard · D10
5
5
5,834 sqft
$26,438,000
Trilight
7 Newton Rd · D11
4
4
5,802 sqft
$16,800,000
Parkview Eclat
138 Grange Rd · D10
5
5
5,898 sqft
$29,490,000
Parkview Eclat
138 Grange Rd · D10
5
5
5,898 sqft
$29,490,000
The Lumos
9 Leonie Hill · D9
4
5
5,929 sqft
$13,400,000
Trilight
7 Newton Rd · D11
5
6
5,208 sqft
$16,800,000
The Sail @ Marina Bay
2 Marina Boulevard · D1
3
4
5,597 sqft
$20,000,000
Klimt Cairnhill
71 Cairnhill Rd · D9
5
6
5,920 sqft
$32,800,000
The Cascadia
943 Bt Timah Rd · D21
5
5
5,081 sqft
$10,000,000
The Oceanfront @ Sentosa Cove
291 Ocean Dr · D4
4
4
5,985 sqft
$14,000,000
Klimt Cairnhill
71 Cairnhill Rd · D9
5
7
5,920 sqft
$32,800,000
Klimt Cairnhill
71 Cairnhill Rd · D9
5
7
5,920 sqft
To be confirmed
The Lumos
9 Leonie Hill · D9
5
5
5,929 sqft
$13,400,000
Leedon Residence
6 Leedon Hts · D10
4
5
5,285 sqft
$18,000,000
Pandan Valley
3 Pandan Valley · D21
4
4
5,974 sqft
$6,000,000
The Lumos
9 Leonie Hill · D9
4
5
5,929 sqft
$13,400,000
8 Napier
8 Napier Rd · D10
6
6
5,909 sqft
$29,500,000
Klimt Cairnhill
71 Cairnhill Rd · D9
5
7
5,920 sqft
$30,000,000
The Lumos
9 Leonie Hill · D9
4
5
5,929 sqft
$13,400,000
Lien Towers
21 Holland Pk · D10
5
6
5,049 sqft
$10,800,000
Lien Towers
21 Holland Pk · D10
5
6
5,049 sqft
$10,800,000
The Lumos
9 Leonie Hill · D9
4
4
5,929 sqft
$13,400,000
Eden Residences Capitol
11 Stamford Rd · D6
4
6
5,737 sqft
$24,197,250
Cyan
6 Keng Chin Rd · D10
4
5
5,814 sqft
$17,820,000
Nassim Jade
3 Nassim Rd · D10
6
5
5,748 sqft
$21,000,000
8 Napier
8 Napier Rd · D10
6
6
5,909 sqft
$28,500,000
The Lumos
9 Leonie Hill · D9
5
5
5,929 sqft
$13,400,000
The Lumos
9 Leonie Hill · D9
5
5
5,929 sqft
$13,416,713
Shelford View
26 Shelford Rd · D11
5
5
5,140 sqft
$9,990,000
Sky @ Eleven
5 Thomson Lane · D11
5
6
5,597 sqft
$13,800,000
Amber Skye
8 Amber Rd · D15
6
6
5,059 sqft
$7,780,160
Nevertheless, there’s a combination of factors that affects the sale price, which in turn affects the capital gain and annualised returns. This includes the location, size of the property and the state of the property market at the time of its sale and purchase.
Planning to sell your property to earn some capital gains? Let us help you ease the process by connecting you with a property agent.
If you found this article helpful, 99.co recommends A quick review of condo sales with at least 100% gain in December 2022 and A review of the 28 condo units that sold at a loss in November 2022.
The post Does holding a condo for more than 20 years mean higher gains? We take a look at the data for Feb 2023 appeared first on .
