Which condominium has performed better in capital gains compared to a nearby executive condominium?

Between A Treasure Trove (a condominium) and Waterbay (an executive condominium) in Punggol, A Treasure Trove has shown better performance in capital gains compared to Waterbay.

A Treasure Trove has hit higher historical peak prices per square foot, reaching as high as 1,662 in June 2025, and consistently maintains higher average resale prices. Executive condominiums like Waterbay, while appreciating healthily especially after crossing their Minimum Occupation Period and reaching privatisation, continue to trade below private condominiums in terms of both per square foot and absolute prices.

This premium and stronger capital appreciation in private condominiums such as A Treasure Trove can be attributed to factors like greater buyer eligibility, full facility access, and higher perceived prestige. Thus, in the Punggol area, A Treasure Trove performs better in capital gains than nearby executive condominiums like Waterbay.