The resale condo market momentum picked up significantly in 2024, recording better sales activity compared with the previous year. Caution prevailed over the market throughout the year, with buyers reeling from the elevated interest rates, muted global economic growth, as well as the higher stamp duty rates being levied on investors and foreign buyers. In 2024, over 12,100 condo units changed hands in the resale market compared with the 10,200 resale condo units sold in 2023. Resale prices in 2024 continued to rise over the past year. The average price of resale non-landed private homes came in at $1,708 psf in 2024, up by 5% from $1,626 psf in 2023.

PropNex looked at the most profitable condominium projects and districts in the resale market in 2024, 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 2024 with their previous purchase prices according to caveats lodged. The average profit was then computed on a project basis or district basis.

City Fringe condo projects dominate top 10 gainers list

In a ranking of the average profit, the top 10 projects in 2024 were made up of Rest of Central Region (RCR) and Outside Central Region (OCR) projects - there was only one Core Central Region (CCR) projects in the top 10 list (see Table 1).

The top 10 most profitable projects had average profits ranging from $520,000 to $1 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 (Trevista, D'leedon, The Interlace), next to a waterbody (Silver Sea, Carribean at Keppel Bay) or close to an MRT station (Costa Del Sol, The Panorama).

Table 1: Top 10 resale condo projects^ in terms of average gross profit*

The most profitable project, Trevista, a city fringe condominium project in Balestier, Toa Payoh (District 12), recorded 31 resale transactions in the year, achieving gains of $1 million in excess on average for each transaction. The project is conveniently located within walking distance to the Braddell MRT station. It is also close to schools such as CHIJ School (Primary and Secondary, Toa Payoh), Kheng Cheng School, and Pei Chun Public School. Meanwhile, amenities nearby include the commercial centre at Toa Payoh Central, Toa Payoh West Community Centre and Toa Payoh West Market and Food Centre.

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 2024, by ranking the projects in terms of resale volume, the top 10 transacted projects comprised of only OCR 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

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 210 units on the resale market in 2024. The resale units that were sold in 2024 enjoyed average gains of nearly $291,000 per transaction and average gains of 5.65% per year.

The second top selling project was High Park Residences, a fairly new project that was completed in 2019. The project in District 28 sold 88 units on the resale market in 2024, with average gains of nearly $393,000 or average annualised gains at 5.54% per year.

More suburban districts posting better gains in 2024

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, D5 (Pasir Panjang, Clementi), 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 2024 by gross gains*

District	Number of Units	Average Gains	Average Annualised Gains (%)#
D10 / Ardmore, Bukit Timah, Holland Road, Tanglin	598	$867,748	3.01%
D26 / Upper Thomson, Springleaf	72	$756,421	5.18%
D21 / Upper Bukit Timah, Clementi Park, Ulu Pandan	352	$756,364	4.50%
D11 / Watten Estate, Novena, Thomson	283	$751,259	3.22%
D15 / Katong, Joo Chiat, Amber Road	947	$748,622	4.35%
D20 / Bishan, Ang Mo Kio	432	$643,079	4.79%
D22 / Boon Lay, Jurong	248	$543,531	4.18%
D16 / Bedok, Upper East Coast, Eastwood, Kew Drive	589	$519,063	3.93%
D05 / Pasir Panjang, Hong Leong Garden, Clementi New Town	577	$506,216	3.78%
D09 / Orchard, Cairnhill, River Valley	542	Oh no! Enjoy our Content? If it is of any consolation, know that you are not alone in this real estate journey. Let us show you the way to make this journey an interesting and enjoyable one! Do check and try again! Are you ready for more? {{ error ? 'Submit Email' : 'Count me in!'}} Suggested Reads Resale Condo Market Watch in August 2026 A New Wave Of Homes Is Reshaping Bright Hill Upcoming Events View more PWS The Decision Framework 2026 October 10, 2026 Where Is Singapore Property Heading Next? The 3 Forces Every Homeowner Should Understand September 24, 2026 You may like Too Rich for a BTO, Too Poor for a Condo: What the New Income Ceilings Mean for You September 22, 2026 Should You Still Stretch for a Bigger Home in the AI Era? September 18, 2026 Why A Rising Private Market Can Raise Your HDB-To-Condo Upgrade Bill September 17, 2026 Upgrading Aspirations Remain Intact But Housing Budgets Firmly Under $2.5 Million September 16, 2026 BTO Ceiling Hits $16K: Are Buyers Really Better Off? September 11, 2026 Oh no! Enjoy our Content? If it is of any consolation, know that you are not alone in this real estate journey. Let us show you the way to make this journey an interesting and enjoyable one! Do check and try again! Are you ready for more? {{ error ? 'Submit Email' : 'Count me in!'}} You are Set! Stay tuned to our brain-teasing content slated to roll out via email soon. Email Submitted! You subscribed earlier! No biggie, remember to check your junk mail if you have yet to hear from us! Follow us on WeChat