For house hunters and investors, nothing beats being able to buy a unit below market prices.
This post will uncover some condominium projects where the recent transacted prices are below their historical highs that were achieved either in the previous few years.
Depending on the project, historical peak prices were achieved in 1997 before the Asian Financial Crisis, 2007 before the Global Financial Crisis or more recently, 2013 before the government instituted many cooling measures.
This post will look mainly at condominium projects in districts 9, 10 and 11 where recent transacted prices are below their historical peaks.
Investors can use this information to narrow down where they focus their attention since the projects listed here have recent transacted prices that are at a discount to historical peaks.
The greater the discount, the better it is for investors because of a greater margin of safety.
At the same time, sellers and buyers will be taking references from recent transactions. Since these recent transactions are at a discount, future buyers of units at these developments will have stronger bargaining power.
| District | Development | Property type | Tenure | Historical high date | Historical high S$psf | Recent sales S$psf | Discount % |
| 10 | Garden Ville | Condo | Freehold | Aug 1997 | 4,090 | 1,900 | 55 |
| 10 | St Regis Residences Singapore | Apt | 999 yrs | May 2017 | 4,650 | 2,200 | 53 |
| 9 | Skypark | Apt | Freehold | Jun 2011 | 3,240 | 1,620 | 50 |
| 9 | Helios Residences | Apt | Freehold | Jan 2013 | 3,980 | 2,020 | 50 |
| 9 | Luma | Apt | Freehold | Aug 2007 | 3,350 | 1,760 | 48 |
| 10 | Draycott Eight | Condo | 99yrs from 1997 | May 2007 | 3,180 | 1,740 | 45 |
| 9 | Bellevue Residences | Condo | Freehold | Mar 2011 | 3,190 | 1,810 | 43 |
| 9 | Paterson Suites | Condo | Freehold | Sept 2007 | 3,900 | 2,240 | 42 |
| 9 | The Orchard Residences | Apt | 99yrs from 2006 | July 2007 | 5,000 | 2,980 | 40 |
| 10 | D’Leedon | Condo | 99yrs from 2010 | Jul 2015 | 2,200 | 1,290 | 40 |
| 9 | Suites at Orchard | Apt | 99yrs from 2007 | Jul 2015 | 2,620 | 1,590 | 39 |
| 11 | Hillcrest at Arcadia | Condo | 99yrs from 1975 | Feb 2014 | 1,330 | 810 | 39 |
| 9 | Scotts Square | Apt | FH | Jun 2012 | 4,800 | 2,980 | 38 |
| 9 | The Tate Residences | Condo | FH | Aug 2007 | 3,500 | 2,180 | 38 |
| 11 | Miro | Apt | FH | Sept 2012 | 2,440 | 1,510 | 38 |