From mega developments that clocked hundreds of profitable transactions to rare boutique projects that changed hands only once in decades, this 2025 condo gains wrap-up brings together the resale deals that shaped the year. It offers a broad summary of capital gains across Singapore’s condo resale market, looking at both the projects that delivered profits consistently and the individual transactions that stood out.
Table of contents
- Condo projects with the most profitable transactions
- Treasure at Tampines tops the charts again this year
- Why District 19 condos dominate the segment
- Hundred Palms Residences: The rising star of 2025
- 10 condo resale transactions with the highest profits
Condo projects with the most profitable transactions
| Project | District | TOP | No. of Profitable Sales | Profit Range (S$) |
| Treasure at Tampines | 18 | 2023 | 154 | 15K – 1.03M |
| Parc Esta | 14 | 2022 | 119 | 35K – 1.13M |
| Stirling Residences | 3 | 2022 | 102 | 13K – 1.03M |
| Hundred Palms Residences EC | 19 | 2019 | 97 | 580K – 1.74M |
| JadeScape | 20 | 2023 | 94 | 105K – 1.77M |
| Riverfront Residences | 19 | 2024 | 90 | 45K – 966K |
| High Park Residences | 28 | 2019 | 80 | 67K – 1.16M |
| The Garden Residences | 19 | 2021 | 72 | 37K – 809K |
| Sol Acres EC | 23 | 2018 | 70 | 195K – 889K |
| The Tre Ver | 13 | 2022 | 69 | 18K – 688K |
| Parc Clematis | 5 | 2023 | 68 | 110K – 1.07M |
| The Tapestry | 18 | 2022 | 67 | 39K – 667K |
| Sims Urban Oasis | 14 | 2017 | 66 | 67K – 768K |
| Whistler Grand | 5 | 2022 | 61 | 40K – 832K |
| The Topiary EC | 28 | 2016 | 61 | 118K – 1.60M |
| Parc Life EC | 27 | 2018 | 59 | 379K – 839K |
| Kingsford Waterbay | 19 | 2018 | 58 | 8K – 458K |
| Parc Riviera | 5 | 2019 | 56 | 82K – 741K |
| D’Leedon | 10 | 2014 | 56 | 31K – 1.34M |
| The Minton | 19 | 2013 | 54 | 105K – 1.26M |
| Avenue South Residence | 3 | 2023 | 53 | 8K – 510K |
| iNZ Residence EC | 23 | 2019 | 53 | 441K – 1.10M |
| The Visionaire EC | 27 | 2018 | 50 | 382K – 811K |
| Botanique at Bartley | 19 | 2019 | 50 | 67K – 1.01M |
Top 3 profitable condos in 2025
In 2025, a total of 24 condo projects, including executive condominiums (ECs), recorded at least 50 profitable transactions. Among these, three developments registered more than 100 profitable sales. Treasure at Tampines topped the list with 154 profitable transactions, with gains reaching up to S$1.03 million.
Parc Esta came in second with 119 profitable transactions, including five sales that generated profits above S$1 million. Stirling Residences ranked third, recording 102 profitable transactions, with two achieving million-dollar gains. Notably, all three developments are large-scale projects with at least 1,200 units each, which likely contributed to their higher transaction volumes.
It is also worth noting that all 24 condos on the list above are 99-year leasehold developments. They are all 12 years old or younger, with The Minton being the oldest after obtaining its TOP in 2013. Additionally, six ECs — all still below the 10-year mark — made it onto the list. This means none have reached full privatisation yet, and resale demand remains limited to SC and PR buyers.
S$1.77 million profit at JadeScape
When looking at the highest individual capital gains instead of volumes, JadeScape stood out from the list. The development recorded 94 profitable transactions in 2025, with the top profit reaching S$1.77 million. This gain came from a November transaction involving a 2,099 sqft, 5-bedroom unit that got sold for S$4.968 million (S$2,367 psf) after seven years — the unit was initially purchased at launch. Overall, this 2-year-old condo saw seven transactions in 2025 with profits exceeding S$1 million.
For those watching JadeScape closely, this comes as little surprise. The project already made headlines in late 2024 when a 4,230 sqft penthouse sold for S$10.15 million, or S$2,399 psf. That seller raked in a S$4.35 million profit in just five years. To date, this remains the highest capital gain recorded at JadeScape, with the S$1.77 million gain in November 2025 ranking as the second highest.
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Treasure at Tampines tops the charts again this year
Out of the 154 profitable transactions recorded at Treasure at Tampines in 2025, the highest gain came from a 5-bedroom unit on the 10th floor. Held for nearly six years, the 1,723 sqft unit was sold in May 2025 for S$2.989 million, or S$1,735 psf, delivering a profit of S$1.03 million. This is the only million-dollar gain recorded within the project, hence the highest profit ever achieved at Treasure at Tampines.
The project’s position as the most profitable condo this year largely comes down to scale. Launched in 2019 and completed in 2023, Treasure at Tampines is Singapore’s largest condominium, with a total of 2,203 units. With a much larger pool of homes, resale activity naturally runs higher than in smaller developments. Notably, Treasure at Tampines also topped the most profitable condo charts in 2024.
Last year, the development saw a total of 263 profitable transactions. The highest gain then stood at S$981K, from a resale of a 1,690 sqft, 5-bedroom unit on the second floor. The unit changed hands for S$2.99 million, or S$1,768 psf, in January 2024. This transaction delivered the second-highest profit ever recorded at the project.
Only one unprofitable sale in history
Interestingly, the same 5-bedroom unit later became Treasure at Tampines’ first unprofitable resale. The second owner sold the unit shortly after purchase. In December 2024, it transacted at S$2.75 million, or S$1,627 psf, resulting in a loss of S$238K over less than a year.
That particular transaction in December 2024 remains the sole unprofitable resale deal ever occurred within Treasure at Tampines. Overall, the massive development has proven to be highly profitable for its sellers. Aside from the S$1.03 million gain, owners here have achieved profits of up to S$796K this year, with holding periods typically ranging from three to six years.
Behind all the profitable sales
The project’s young age has also played a role, as newer developments tend to attract stronger demand due to longer remaining leases. Its position as the only existing mega development in District 18 further sets it apart from the surrounding stock. Additionally, the location adds to its appeal as well.
Situated along Tampines Lane, Treasure at Tampines sits next to Tampines Round Market and Food Centre and enjoys quick access to the Pan-Island Expressway (PIE). Families may also find the school proximity attractive, with five primary schools within a 1km radius: Changkat Primary School, Chongzheng Primary School, Junyuan Primary School, Tampines Primary School, and Yumin Primary School.
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Why District 19 condos dominate the segment
While these 24 most profitable condos are spread across the island, District 19 stands out with the highest representation, accounting for six projects in total. One key reason for this outperformance is likely the presence of several mega developments in the area, such as The Minton, Riverfront Residences, and Kingsford Waterbay. These three projects alone make up a combined total of 3,782 units. The Garden Residences, Botanique at Bartley, and Hundred Palms EC — each with more than 500 units — complete the list of the most profitable projects in District 19.
| Project | No. of Units | TOP | No. of Profitable Sales | Profit Range (S$) |
| Hundred Palms Residences | 531 | 2019 | 97 | 580K – 1.74M |
| Riverfront Residences | 1,472 | 2024 | 90 | 45K – 966K |
| The Garden Residences | 613 | 2021 | 72 | 37K – 809K |
| Kingsford Waterbay | 1,165 | 2018 | 58 | 8K – 458K |
| The Minton | 1,145 | 2013 | 54 | 105K – 1.26M |
| Botanique at Bartley | 797 | 2019 | 50 | 67K – 1.01M |
The Minton and Botanique at Bartley
Within the list, The Minton and Botanique at Bartley are the only private condos in District 19 to record capital gains above S$1 million. At the same time, these two developments also saw the lowest number of profitable transactions. Notably, for Botanique at Bartley, the S$1.01 million gain was the only million-dollar profit recorded at the project this year.
The Minton shows a more positive trend. The project recorded 12 transactions with profits above S$1 million, making up over 20% of its total profitable sales in 2025. This marks a significant increase from last year, when The Minton saw eight million-dollar-gain transactions (12%) out of 66 profitable sales.
The higher proportion of million-dollar gains this year likely reflects the development’s age, with owners holding their units for longer periods before selling. In 2025, these seven-figure profits came from homes held for between 13 and 15 years. The largest gain, at S$1.26 million, was recorded in May 2025, when a 2,013 sqft unit was sold for S$2.45 million after nearly 15 years of ownership.
Hundred Palms Residences: The rising star of 2025
Also located in District 19, Hundred Palms Residences stands out as the only EC to rank among the top five most profitable condos in 2025. The project obtained its TOP in 2019 and met its MOP in December last year, which means resale activity only picked up meaningfully this year. As expected for a newly MOP-ed EC, every resale transaction in 2025 delivered capital gains for sellers.
A total of 97 profitable transactions were recorded, with profits ranging from S$580K to S$1.74 million. Notably, 41 of these deals achieved gains above S$1 million. The highest profit came from a 1,528 sqft unit that was sold in March for S$3.06 million, or S$2,001 psf. This transaction delivered a record S$1.74 million gain, marking the highest capital gain ever recorded for an EC in Singapore, achieved with a relatively short holding period of about 7.5 years.
At the time of sale, the 5-bedroom unit on the 13th floor made history as the first non-penthouse EC unit to cross the S$3 million mark. It was also the first EC to break the S$2,000 psf threshold. With about 93 years remaining on its lease, Hundred Palms Residences continues to appeal to buyers seeking long-term value and a more affordable entry into the private market.
It is also worth noting that a small number of units at Hundred Palms EC had already changed hands before MOP, following successful appeals to HDB. These early transactions, which took place from 2020 onwards, were all profitable as well. Overall, the project has seen strong and consistent price growth. Since 2020, average psf prices have risen by more than 73%, with the 2025 transactions putting the average at around S$1,835 psf.
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10 condo resale transactions with the highest profits
| Date | Project | Area (sqft) | Price (S$) | PSF (S$) | Profit (S$) | Years Held |
| 02/10/25 | Nassim Lodge | 4,176 | 14.5M | 3,472 | 11.5M | 27 |
| 21/1/25 | Ardmore Park | 2,885 | 13.2M | 4,576 | 8.54M | 23 |
| 01/9/25 | The Arcadia | 6,565 | 10.5M | 1,603 | 7.32M | 20 |
| 25/9/25 | Yong An Park | 3,434 | 9.1M | 2,650 | 6.55M | 21 |
| 30/6/25 | Grange Residences | 2,852 | 9.85M | 3,453 | 6.5M | 21 |
| 09/4/25 | Ardmore Park | 2,885 | 12M | 4,160 | 6.5M | 15 |
| 20/2/25 | Yong An Park | 6,878 | 15M | 2,181 | 6.5M | 14 |
| 26/3/25 | The Claymore | 3,348 | 11.38M | 3,399 | 6.37M | 26 |
| 08/9/25 | Grange Residences | 2,852 | 10.2M | 3,576 | 6M | 20 |
| 03/7/25 | Grange Residences | 2,852 | 9.74M | 3,414 | 5.8M | 21 |
The most profitable condo sale in 2025
The highest capital gain recorded in 2025 came from the sale of a 4-bedroom unit at Nassim Lodge. The 4,176 sqft home was sold in October for S$14.5 million, or S$3,472 psf, netting the seller a record profit of S$11.5 million. The unit had been purchased for around S$3 million, or S$799 psf, back in May 1998, translating to a holding period of about 27 years. Notably, all 10 of the most profitable condo resales this year involved homes that were held for decades, with the shortest holding period standing at 14 years.
The October 2025 sale is only the third recorded transaction at Nassim Lodge since URA Realis caveat data became available in 1995. Such limited activity reflects the rarity of this boutique development. Completed in 1984, Nassim Lodge is a freehold condominium located at 7 Nassim Road in prime District 10. Formerly known as Seven Nassim, the 8-unit development is closely associated with old-world luxury and generational wealth, which helps explain the long holding periods seen among its owners.
Substantial gains at Ardmore Park
The second most profitable condo transaction of the year came from Ardmore Park. In January, a 4-bedroom unit on the 7th floor was sold for S$13.2 million, or S$4,576 psf, delivering a capital gain of S$8.54 million after being held for close to 23 years. Ardmore Park also accounted for another top-10 profitable sale in 2025. A similar 4-bedroom unit on the 10th floor changed hands in September for S$12 million, or S$4,160 psf, generating a profit of S$6.5 million after 15 years.
In total, Ardmore Park recorded five resale transactions in 2025, all of which were profitable. Two of these deals stood out for their relatively short holding periods. In March, a 10th-floor unit was sold for S$11.8 million, or S$4,090 psf, yielding a gain of S$3.8 million over just five years. A month later, in April, another unit was sold for S$12.3 million, delivering a S$1.4 million profit after only three years of ownership.
Ardmore Park comprises three 30-storey towers with 330 units in total, made up largely of spacious 4-bedroom apartments, alongside a handful of 8,740 sqft duplex penthouses. Now in its 25th year, the freehold development has long been viewed as a benchmark for luxury living in a prime location. In 2025, its average resale price of S$4,285 psf placed Ardmore Park among the most expensive condos in Singapore.
The Arcadia’s record-breaking penthouse sale
A duplex penthouse at The Arcadia was sold in September for S$10.5 million, or S$1,603 psf, delivering a capital gain of S$7.32 million after a 20-year holding period. This transaction ranked as the third most profitable condo resale of the year. Notably, it was also the only leasehold property among the 10 most profitable sales in 2025. Despite having just 53 years remaining on its 99-year lease, the sale set new records within the project for both psf and absolute price.
The Arcadia recorded seven resale transactions in 2025. Five of these were profitable, with gains ranging from S$390K to S$7.32 million. The remaining two transactions resulted in losses of S$30K and S$100K, respectively. While the project has seen several unprofitable resales in recent years, its overall resale performance remains outstanding, given that the development was completed in 1983 and is now more than 40 years old.
Over the past decade, The Arcadia’s average resale price has risen by more than 50%. Based on the seven transactions recorded in 2025, the average psf now stands at S$1,211. A key driver behind this price resilience is the project’s exclusivity.
Sitting on a land area of roughly 39,000 square metres, The Arcadia houses just 164 units, offering a level of space and privacy that is increasingly rare in today’s market. Its garden-style design reflects early interpretations of Singapore’s ‘garden city’ vision. Tucked away in a quiet part of Bukit Timah, the development offers a calm and secluded living environment.
Resale deals at Grange Residences with profits above S$5 million
Grange Residences is another project that stood out among the most profitable condo sales this year. The development recorded eight profitable transactions in 2025, with gains ranging from S$1.98 million to S$6.5 million. Three of these deals ranked among the top 10, each delivering capital gains above S$5 million.
The highest gain at Grange Residences came from a June transaction, where a 2,852 sqft, 5-bedroom unit was sold for S$9.85 million, or S$3,453 psf. The sale generated a profit of S$6.5 million after a 21-year holding period and remains the highest capital gain ever recorded at the project. The second-highest profit followed in September, when a similar 4-bedroom unit was sold for S$10.2 million, or S$3,576 psf, securing a S$6 million gain. This transaction also marked the most expensive unit ever sold at Grange Residences, both in terms of absolute price and psf.
Completed in 2004, Grange Residences is a freehold development with just 164 units spread across 18 storeys. Throughout the project’s history, this Tanglin condo has recorded six resale transactions where sellers walked away with profits exceeding S$5 million. Located just minutes from Orchard Boulevard MRT, the development features 4-bedroom apartments ranging from 2,584 to 2,852 sqft, catering to buyers seeking space, privacy, and a central city address.
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