What is the annualized capital gain for condos in the past 10 years?

Over the past 10 years, the capital appreciation for condos in Singapore has been significant, though it has varied across different regions and market cycles.

Overall Market Trend

The Singapore Residential Property Price Index has shown a general upward trend. From 2015 to 2024, the index has increased substantially, with some fluctuations due to market cycles and government cooling measures. For instance, the index rose from around 150 points in 2015 to over 209 points in the fourth quarter of 2024.

Regional Variations

• Core Central Region (CCR): Condos in the CCR, which includes districts like Orchard and Marina Bay, have seen strong capital appreciation. Prices in this region are typically higher and more volatile, reflecting the demand for luxury properties and their proximity to key amenities.
• Rest of Central Region (RCR): The RCR has also experienced significant appreciation, driven by the demand for properties that are still central but more affordable than those in the CCR.
• Outside Central Region (OCR): The OCR has seen steady growth, particularly in areas with new infrastructure developments and improving connectivity.

Specific Data Points

• From 2015 to 2022, the prices of 99-year leasehold condos in various districts have increased substantially. For example, in District 16, prices rose from around $679 per square foot in 2005 to $1,598 per square foot in 2022, representing a significant long-term appreciation.
• The median capital gain for resale condos remained at $404,000 in January 2025, indicating that many condo owners have seen substantial gains over the holding period.

Market Cycles

The market has gone through several cycles, including an upswing from 2010 to 2013, a downturn due to cooling measures from 2013 to 2017, and a recovery post-2017. The COVID-19 pandemic caused a brief downturn in 2020, followed by a strong recovery. These cycles have influenced the rate of capital appreciation, with prices generally rising during upswings and stabilizing or dropping during downturns.

In summary, condos in Singapore have experienced robust capital appreciation over the past decade, driven by strong demand, economic growth, and infrastructure developments. However, the rate of appreciation has varied by region and has been influenced by market cycles and government policies. For the most current and detailed information, you can check the latest transactions and market trends on EdgeProp Singapore.