Compare the growth rate of freehold condos in District 5

Freehold condos in District 5, which covers areas like Pasir Panjang, Buona Vista, and West Coast, have shown more moderate price growth compared to some high-performing leasehold projects in other parts of Singapore. Over the past decade, most of the fastest appreciating condos in District 5—for example, The Clement Canopy—are actually 99-year leasehold developments, with price increases hitting around 50% to 60%. Freehold condos in this district generally have experienced slower appreciation compared to these leasehold counterparts.

Overall, the wider Singapore condo resale market saw an average price growth of about 7.2% from 2022 to 2023, but growth rates vary significantly by tenure and location. While certain leasehold projects in District 5 and elsewhere have achieved above-average capital gains, most freehold condos in the district have seen more subdued growth, reflecting established price levels and lower transaction volumes.

In summary:
- Major price growth in District 5 has been led by large leasehold projects, not freehold.
- Freehold projects tend to have lower but more stable long-term growth.
- Market-wide, growth for freehold condos in District 5 over the past decade generally lags behind the most dynamic leasehold counterparts in the same district and other regions.

For detailed growth rates of specific freehold developments in District 5, further project-level analysis is recommended, which can be accessed via EdgeProp Singapore’s research tools and analytics features.