High Park Residences in District 28 has topped the list of private residential developments in Singapore’s Rest of Central Region and Outside of Central Region, experiencing a remarkable price appreciation of nearly 60% over the past decade. Savills Singapore revealed that this development, along with Botanique At Bartley, Forest Woods, Artra, and The Clement Canopy, saw significant increases in value, ranging from 50% to 60%.
These developments are primarily leasehold properties with 99-year tenures, comprising large-scale projects of 501 to 1,000 units, except for Artra, which is mid-sized with 201 to 500 units. High Park Residences, which includes both flats and houses, recorded an average resale price per square foot (psf) of S$1,575.15 in the second half of 2024, a substantial increase from its launch price of S$989.86 psf.
Botanique At Bartley, launched in 2015 alongside High Park Residences, followed with a price appreciation of nearly 47%, whilst Forest Woods saw a rise of about 43%. Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, noted, “For pure investors, buying a private residential property is all about timing and buying into the right development.”
Cheong further explained that mid to large-sized projects tend to appreciate more in capital value over time compared to smaller ones, although smaller projects still offer value for those seeking rental yield or long-term personal stay.
These findings underscore the importance of strategic investment in Singapore’s residential property market, highlighting the potential for significant returns over time.
“`
