Which Condo Is Good For Investment

If there’s one thing we all know, it’s that Singapore’s property market is synonymous with dynamism, growing rapidly over the past few years. Staying ahead of the game and finding that perfect condo for investment in Singapore can be nothing short of overwhelming. 

Fear not, property investors and aspiring real estate aficionados, we’ve got your back! As we look forward to 2023 and beyond, we’ve put our eagle eyes on Singapore’s thriving housing market and are here to share with you a comprehensive guide to the choicest condos that are ripe for investment. 

Get ready for a lucrative journey as we navigate the bustling streets of Singapore, uncovering properties that offer exceptional investment potential, glittering with opportunities for growth and high returns. So, buckle up and get your thinking caps on – it’s time to take a deep dive into the world of Singapore’s flourishing condos!

Which Condo Is Good For Investment? 

Which Condo is Good for Investment in Singapore for 2023? The property market in Singapore offers various condominium choices for potential investors, making it essential to consider factors such as location, rental demand, and potential for capital appreciation. In 2023, some top recommended new launch condos are expected to provide promising returns on investment due to their strategic locations, reasonable prices, and strong growth potential.

One notable project to consider in 2023 is The Arden, located near Phoenix LRT and Bukit Panjang MRT. With an average price of S$1,600 per square foot, The Arden offers a budget-friendly option for investors while still promising potential growth in value. Other recommended new launch condos include The Botany at Dairy Farm Road, the freehold development on Thiam Siew Avenue near Paya Lebar and Dakota MRT stations, Lentor Hill Residences developed by Guocoland, and an integrated development at Jalan Anak Bukit.

These condos are strategically located near MRT stations, popular shopping malls, and reputable schools, making them attractive to potential tenants. Moreover, their competitive pricing and exceptional facilities offer investors a higher chance of achieving strong rental yields and capital appreciation in the long run. Given these factors, investors should carefully evaluate these upcoming projects and consult with financial advisors to ensure they make informed decisions on which condo to invest in for 2023. 

7 Factors to Determine if a Condo is a Good Investment

  1. Prime Location: Choose a condo located in a desirable area with easy access to amenities, transportation, and popular landmarks, enhancing rental demand and resale value.

  2. Favorable Rental Yield: Look for condos that offer a high rental yield, calculated by dividing the annual rental income by the property’s purchase price.

  3. Impressive Amenities: Opt for condos with appealing facilities like swimming pools, gyms, function rooms, playgrounds, and robust security services, increasing tenant attraction and satisfaction.

  4. Proximity to Schools: Properties near reputable schools are sought after by families with school-going children, generating higher demand for rentals and potential resale value.

  5. Potential Future Developments: Stay informed about upcoming government or private projects in the vicinity that can positively impact the property’s value and desirability over time.

  6. Reputable Developer: Invest in condominium projects developed by reputable companies known for their quality construction, timely completion, and reliable track record.

  7. Price and Affordability: Consider your budget and financing options, ensuring the investment aligns with your financial goals and risk tolerance.

By evaluating these key factors, you can make an informed decision when purchasing a condo in Singapore, maximizing potential returns and long-term growth.

Discover 2023​’s new condo Launches in Singapore

Check out the latest condo projects
  • New Condo Launch Cover

    Hillview Rise

    99 Years

    535 Units

    TOP 2027

    Hillview MRT Station
    5 Mins Walk Away

  • Lentor Gardens Residences Impression

    Lentor Gardens Residences

    99 Years

    530 Units

    TOP 2027

    Lentor MRT Station
    5 Mins Walk Away

Top 5 recommended new launch condos for 2023

As we step into 2023, savvy property investors are on the lookout for top new launch condos in Singapore that offer potential for good returns. With a multitude of options available, we’ve narrowed down a list of the top five new launch condos in 2023 that are worth considering for investment purposes.

Two of the top launches to watch out for are The Arden and The Botany @ Dairy Farm Road. Launching in March, The Arden boasts affordable pricing with an average PSF of $1600, making it an attractive choice for those seeking a budget-friendly option with growth potential. Conveniently located near Phoenix LRT, Bukit Panjang MRT, and two shopping malls, it also features a unique layout with enclosed kitchens and spacious master bedrooms.

On the other hand, The Botany @ Dairy Farm Road offers an alternative value-for-money option in a freehold development. Developed by one of Singapore’s top builders, the condominium is nestled at Thiam Siew Avenue and comprises 816 units. The building is within walking distance to two MRT stations, Paya Lebar and Dakota, and is surrounded by top schools, making it a prime location for families. With an estimated PSF of $2500 – $2600, this development is sure to pique the interest of potential buyers.

Other notable new launch condos in 2023 include Lentor Hill Residences, Jalan Anak Bukit Site, and Parksuites. These luxurious condominiums are developed by Guocoland, a reputable developer known for transforming estates and delivering high-quality homes. With their strategic locations near future MRT stations and upcoming shopping malls, these projects offer investors an opportunity to capitalize on the first-mover advantage and benchmark resale pricing.

In summary, those looking to invest in Singapore’s property market in 2023 should keep an eye on these top five new launch condos. Each property offers a unique blend of strategic location, quality construction, and pricing, making them attractive options for potential investors. 

CondoLocationPrice Range (PSF)Unique FeaturesConnectivityAmenities
The ArdenNear Phoenix LRT$1600Affordable option with growth potentialPhoenix LRT, Bukit Panjang MRT, 2 shopping mallsEnclosed kitchens, spacious master bedrooms
The BotanyDairy Farm Road$2500 – $2600Freehold development near Paya Lebar and Dakota MRT stationsPaya Lebar, Dakota MRT, top schoolsSurrounded by nature parks, prime location
Lentor Hill ResidencesLentor Hills Road$2,200 – $2,500 Serene location near Lentor MRT and major expresswaysLentor MRT, major expresswaysPanoramic views of nature, top schools
Jalan Anak BukitUpper Bukit Timah$2,500Integrated development near Beauty World MRT and upcoming interchangeBeauty World MRT, major roads, renowned schoolsAbundance of amenities and eateries
Daintree ResidenceUpper Bukit Timah$1,700Sky gardens, treetop walks, and cabana/lounge areasBeauty World MRT, shopping and dining optionsPotential for capital appreciation, schools
The AvenirRiver Valley$2,530 – $2,800Two 36-storey towers, panoramic roof gardenPrime district, close to schools and amenitiesGreen landscapes, luxury amenities
11D Toh Tuck RoadUpper Bukit Timah$3,000 – $3,200Tranquil green spaces, sky gardens, treetop walk link bridgesBeauty World MRT, major expresswaysClose to nature parks, reputable schools
Please note that some information, such as price range and amenities, may be estimated.

Value for money: The Arden

When considering value for money property investments in Singapore for 2023, The Arden emerges as a strong contender. This luxurious condominium project, slated for launch in March, is strategically located near Phoenix LRT, which is just one station away from Bukit Panjang MRT. Its appealing features, combined with an attractive price range, make it an ideal choice for homeowners and investors alike.

The Arden boasts an average psf (price per square foot) of $1,600, making it one of the most affordable options in the market. This makes it particularly attractive for those with budget limitations, but are still seeking a property with high growth potential. In addition, The Arden’s prime location near two popular shopping malls, Bukit Panjang Plaza and Hillion Mall, ensures that residents enjoy a wide array of amenities and facilities at their doorstep.

An added advantage of The Arden is its close proximity to Bukit Panjang MRT, situated along the downtown line. This makes it a desirable rental property for tenants seeking affordable accommodation while working in the CBD. The condominium’s well-planned layout further enhances its appeal, featuring enclosed kitchens in all units, which are rare in new developments.

The spacious master bedrooms in The Arden are another standout feature, offering ample space for a study table. This design aspect ensures that residents have sufficient room to work and relax inside their homes. Given its combination of affordability, strategic location, and meticulously designed living spaces, it is no surprise that The Arden is touted as a valuable investment opportunity in the Singapore property market for 2023. 

Exclusive preview: The Botany @ Dairy Farm Road

The Botany at Dairy Farm Road is gearing up for an exclusive preview, garnering a substantial amount of interest from potential homebuyers and investors alike. Strategically located in District 23, the highly anticipated 99-year leasehold condominium is developed by the renowned Sim Lian Group, known for their exceptional projects such as Treasure at Tampines. Boasting a total of 386 residential units with sizes ranging from 1-bedroom to 5-bedroom apartments, The Botany is primed to cater to the diverse needs and preferences of its future residents.

One of the major draws of this upscale development is its strategic location, offering homeowners a tranquil, green living environment without compromising on connectivity and convenience. Surrounded by lush nature parks like Dairy Farm Nature Park and Bukit Timah Nature Reserve, residents can revel in the serene atmosphere and retreat from the bustling city life. Schools such as CHIJ (Our Lady Queen of Peace) Primary School and Bukit Panjang Primary School are also nearby, making The Botany an ideal choice for families. 

Additionally, its proximity to the Hillview MRT station, major expressways (Bukit Timah Expressway, Pan Island Expressway, and Kranji Expressway), and upcoming integrated transport hub at Beauty World, ensures seamless connectivity for its residents. With its promising investment potential, The Botany @ Dairy Farm Road is undeniably one of the most sought-after condominium launches for 2023. 

Vibrant location: Lentor Hill Residences

Situated in the serene and picturesque Lentor Hills Road, Lentor Hill Residences is an epitome of a vibrant location for property investment in Singapore for 2023. This exceptional residential development is a rare gem in the prestigious District 26, known for its tranquil environment, predominantly consisting of landed homes and private condominiums. The strategic position of Lentor Hill Residences provides its residents with easy access to an array of conveniences, lush greenery, and panoramic views of nature, making it a highly sought-after address for property buyers and investors alike in the upcoming years.

The excellent connectivity is one of the many appealing factors of Lentor Hill Residences. Nestled just a few minutes’ walk from the Lentor MRT station on the Thomson-East Coast Line (TEL), this impressive property opens a world of convenience for its residents. Besides, drivers can also enjoy seamless access to major expressways such as Seletar Expressway, Tampines Expressway/Central Expressway (TPE/CTE), and Bukit Timah Expressway, ensuring a smooth transit to various parts of the island. With superb transport connectivity, residents can easily reach the well-known Orchard Shopping Belt and the city center in no time.

Further enhancing the allure of Lentor Hill Residences are the reputable schools located in its vicinity. These include esteemed institutions such as CHIJ St. Nicholas Girls’ School, Anderson Primary School, and Presbyterian High School, making it ideal for families with school-going children. Additionally, future residents can also look forward to an exciting array of facilities, including a sky terrace with a garden bridge and a 400m continuous jogging track. With its unique combination of strategic location, exceptional connectivity, and top-notch amenities, Lentor Hill Residences is indeed a smart investment choice for 2023 in Singapore. 

Highly-demanded: Jalan Anak Bukit integrated development

The upcoming Jalan Anak Bukit integrated development has garnered significant attention from property investors and home buyers alike. Slated to launch in 2023, this highly-anticipated new launch condo is expected to perform well in the market due to its strategic location and mixed-use nature. Being situated at the burgeoning district of Upper Bukit Timah, residents will enjoy an array of amenities and facilities right at their doorstep, making it a highly-desirable residential destination.

One of the key features of the Jalan Anak Bukit integrated development is its seamless connectivity to public transportation. Situated just across the street from the Downtown Line’s Beauty World MRT station and in close proximity to the upcoming Beauty World Bus Interchange, residents will be well-connected to other parts of the city. With four major roads surrounding the development, accessibility is further enhanced for those who drive.

In addition to its excellent location, the Jalan Anak Bukit development is surrounded by various commercial and retail amenities, such as Bukit Timah Shopping Centre, Beauty World Centre, and Bukit Timah Plaza. The integrated development itself will also feature a retail component, providing residents with numerous shopping and dining options. The vicinity is well-known for its abundance of eateries along Cheong Chin Nam Road and the popular Bukit Timah Market and Food Centre.

Furthermore, the development is situated near several prestigious educational institutions, including Ngee Ann Polytechnic, Singapore Management University, and the National University of Singapore. This makes it an attractive choice for families and professionals seeking a well-rounded living environment.

With nature enthusiasts in mind, the Jalan Anak Bukit integrated development is just a stone’s throw away from Bukit Timah Nature Reserve and the Rail Corridor, offering residents the opportunity to unwind in the midst of lush greenery. All these factors come together to make the Jalan Anak Bukit integrated development a highly-demanded and potentially lucrative property investment for 2023 in Singapore. 

Completed or nearly-TOP condos for 2023

As we approach 2023, many property investors in Singapore are focusing their attention on completed and nearly-TOP (Temporary Occupation Permit) condos. These condominiums provide a great opportunity for buyers who are looking for a brand new, ready-to-occupy unit in a prime location. Not only do they offer maximum capital appreciation potential for the first owner, but they also come with the benefits of having brand new fixtures, fittings, sanitary ware, air conditioning, and other amenities.

Some of the most sought-after completed and near-TOP condominiums in 2023 include Daintree Residence, Riviere, and One Draycott. Daintree Residence, located in Upper Bukit Timah, is well-known for its design emphasis on rooftop gardens with link bridges, treetop walks, and cabana/lounge areas. Riviere, a prime region property, is nestled in the heart of the city and boasts a strategic location near Great World MRT and the vibrant Robertson Quay nightlife. Meanwhile, One Draycott, a luxurious development with a small unit count, offers unparalleled convenience and privacy in the heart of Orchard.

Investing in a completed or nearly-TOP condo in 2023 is an excellent choice for those who wish to capitalize on Singapore’s thriving property market. With a wide range of amenities, prime locations, and great connectivity, these condominiums have immense potential for capital appreciation and rental income. 

Moreover, purchasing a brand new condo ensures that the buyer enjoys maximum benefits as the first occupant while avoiding the wait associated with off-the-plan developments. So, if you’re looking to invest in a high-quality property without any waiting period, completed or nearly-TOP condominiums in 2023 might be the perfect solution for your investment needs. 

Tranquil green space: 11D Toh Tuck Road

Located in the serene neighborhood of Upper Bukit Timah, 11D Toh Tuck Road in District 21 is known for its emphasis on tranquil green spaces that provide residents with peace and tranquility away from the bustling city. Surrounded by the lush Bukit Batok Nature Park and the sprawling Bukit Timah Nature Reserve, this condominium development provides residents not only a serene atmosphere but also an opportunity to connect with nature.

Designed thoughtfully for those who appreciate the quiet and green environment, 11D Toh Tuck Road showcases beautiful sky gardens, rooftop cabana lounge areas, and treetop walk link bridges. These communal spaces allow residents to unwind and relax while enjoying the picturesque green surroundings. This location is also ideal for families, as it is in close proximity to reputable schools such as Pei Hwa Presbyterian Primary School, Bukit Timah Primary School, and Methodist Girls’ School (Secondary).

This 99-year leasehold property, slated for completion in 2022, comprises 327 luxurious units. It is conveniently situated near the Beauty World MRT station, providing residents easy access to the rest of Singapore. Major expressways, such as the Pan Island Expressway (PIE) and the Bukit Timah Expressway (BKE), provide excellent connectivity for those who prefer driving.

For daily necessities and leisure activities, shopping complexes like Bukit Timah Shopping Centre, Beauty World Centre, and Beauty World Plaza are nearby. A wide array of famous eateries, including Bukit Timah Market and Food Centre and Beauty World Food Centre, offers residents countless dining options.

In conclusion, 11D Toh Tuck Road offers an excellent balance of tranquil living in a green oasis with the convenience of modern amenities and connectivity. This makes the property an ideal investment choice in Singapore for the upcoming year 2023. 

Convenience and profit: Daintree Residence

Located in the tranquil green space of Upper Bukit Timah, Daintree Residence is a highly sought-after condominium that offers the perfect balance of luxurious living and modern amenities. Developed by veteran Malaysian developer, S P Setia, the condo’s most distinctive feature is the design emphasis on sky or rooftop gardens, complete with link bridges, treetop walks, and cabana/lounge areas on the roof. With its close proximity to Beauty World Plaza, Beauty World Centre, and Beauty World MRT station, residents will find an array of shopping and dining options within easy reach.

In terms of investment, Daintree Residence has the potential to generate significant returns for investors. S P Setia won the bid for the land parcel at $939 psf ppr, and with the anticipated launch price to be around $1,700 psf, there is room for potential growth in property value. The two sub-sale transactions at the development have shown promising results, with one transacting outside the SSD period generating a gross profit of $170k. The development is also within walking distance to prominent schools such as Pei Hwa Presbyterian Primary School and Methodist Girls’ Primary School, making it an attractive choice for families.

In conclusion, Daintree Residence presents an excellent investment opportunity for those looking for a conveniently located and well-designed condominium in the heart of Upper Bukit Timah. With its top-notch amenities, proximity to key shopping and transportation hubs, and potential for strong returns on investment, this development is definitely one to watch in 2023. 

Urban luxury: The Avenir

When it comes to urban luxury, The Avenir stands out as an exceptional investment opportunity in Singapore for 2023. Developed by the esteemed GuocoLand, this upscale, freehold condominium is located in the prime district of River Valley, offering a unique blend of opulence and convenience for its residents. The Avenir comprises 376 units housed in two 36-storey towers, each featuring a panoramic roof garden to showcase the incredible panoramic views of the city skyline.

Located on a generously sized plot of 129,648 square feet, The Avenir prides itself on offering a refined living experience complete with a wide array of modern amenities. Residents can enjoy the green landscapes, well-designed swimming pools, and beautifully-appointed common areas, all finished in a tasteful and understated luxury style. This development has certainly earned its reputation as a highly sought-after investment property, thanks to its prime location and impressive design.

Ease of access to various amenities and transportation options make The Avenir an even more attractive prospect for potential investors. With its close proximity to reputable schools, shopping centers, and healthcare facilities, The Avenir caters to the diverse needs and expectations of its residents. Additionally, the 1-1 carpark lot ratio offers ample parking spaces for those with vehicles, ensuring a comfortable and convenient lifestyle.

In conclusion, The Avenir epitomizes urban luxury living and provides an excellent investment opportunity for those seeking a high-quality property in Singapore for 2023. Its unparalleled location, elegant design, and comprehensive range of facilities make it an attractive option for discerning investors looking to secure a slice of Singapore’s bustling real estate market. 

Prime location: The Nassim

One of the top choices for condo investment in Singapore for 2023 is undoubtedly The Nassim, a luxurious residential property situated at the prime location of Nassim Hill in District 10. This prestigious development offers a unique blend of urban living and serenity, surrounded by lush greenery and within close proximity to the famous Singapore Botanic Gardens, a UNESCO World Heritage Site. Being in the heart of an international community, The Nassim offers foreigners a safeguarding purchase opportunity, as numerous foreign embassies can be found near this development, including the High Commissions of Philippines, Myanmar, China, United States, and Australia.

Connectivity-wise, The Nassim is just a short walk away from the upcoming Napier MRT station on the Thomson-East Coast Line, which provides easy access to different parts of Singapore, including North, South, and Central regions. For drivers, Orchard Road is only a 10-minute drive away, while the Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE) are just 15 minutes away. 

This means that getting to your desired destination from The Nassim will be a breeze. A wide range of shopping options can also be found along Orchard Road, where the world’s biggest fashion and luxury brands are located. With its perfect balance of lush green surroundings, outstanding connectivity, and the presence of an international community, The Nassim is undoubtedly a fantastic investment choice for 2023.