Private homes in District 15 have seen the third highest capital
appreciation in the city fringes. Based on URA data, the median prices of
condos in District 15 have surged by a significant 91 per cent from S$1,340 per
square foot (psf) in 2014 to S$2,566 psf in 2024. This growth is just behind
those of other districts in the city fringe or Rest of Central region (RCR),
such as District 1 at 161 per cent and District 21 at 115 per cent. This
clearly indicates that properties in District 15 offer substantial long-term
value.
Moreover, private homes in District 15 are highly profitable. 1,753
condominiums sold for gross profits of at least S$500,000 before SSD, and 750 condos
making a gross profit of at least S$800,000, properties in District 15 are
highly lucrative. In fact, 450 units have made at least S$1 million!
The highest profit was recorded for a condo at Camelot By-The-Water,
which was purchased for S$3.73 million in 2000 and resold in 2010 for S$9
million, yielding a gross profit of S$5.26 million. The second-highest profit
was for a unit at Pebble Bay, with a purchase price of S$2.17 million in 1995
and a resale price of S$5.15 million in 2023, resulting in a gross profit of S$2.98
million.