Most Profitable Condos in Singapore 2024: Where Homeowners Gained the Most

Singapore’s Most Profitable Condos in 2024: A Year of Record Gains

Owning a condominium in Singapore has long been seen as both a lifestyle goal and a strategic investment. With their top-tier facilities, prime city locations, and modern appeal, condos continue to be one of the most sought-after property types for homeowners and investors alike.
In 2024, Singapore’s private residential price index rose another 3.9% year-on-year — reinforcing confidence in the property market. While rising prices pose challenges for new buyers, they also highlight lucrative opportunities for existing owners and investors who entered the market early.

To uncover which developments brought in the biggest returns, we analysed a pool of 1,445 profitable condo transactions completed in 2024. These homes were held for four years or less — the sweet spot for avoiding Seller Stamp Duty (SSD) while still reaping meaningful gains. Below are the standout most profitable condos in Singapore, ranked by region.

Core Central Region (CCR): The Luxury Market Leaders

🥇 Kopar at Newton — 16 Profitable Transactions
Kopar at Newton leads the CCR with 16 profitable transactions. Having obtained its TOP in 2023, this District 9 project attracted strong sub-sale demand, with buyers favouring newly completed, move-in-ready units. Notably, 10 out of the 16 profitable transactions were sub-sales, showing that convenience and freshness command a premium even in prime districts.

🥈 Leedon Green — 13 Profitable Transactions
Leedon Green secured second place with 13 profitable deals, all sub-sales, after achieving TOP in late 2023. The freehold status and prestigious Leedon Heights location boosted its value significantly. A luxury 4-bedroom unit earned a remarkable $1.15 million profit, while the lowest recorded gain still reached $92,000 — impressive figures for any development.

🥉 The M — 10 Profitable Transactions
The M, a 99-year leasehold project on Middle Road, ranked third. Its exceptional location near Bugis, City Hall, and Esplanade MRT stations contributed to its strong performance. As the Bugis area continues its transformation into an extension of the CBD, The M remains one of the most profitable condos in Singapore within the city fringe.

Rest of Central Region (RCR): Value and Volume Combine

🥇 Penrose — 98 Profitable Transactions
Penrose emerged as the clear leader in the RCR with 98 profitable deals in 2024. Located in District 14 near Paya Lebar and Aljunied MRT, this 99-year leasehold development benefitted from attractive entry prices during its 2020 launch. Its strong price appreciation shows that early buyers have been richly rewarded.

🥈 Normanton Park — 60 Profitable Transactions
With 60 profitable sales, Normanton Park continues to prove its investment appeal. Beyond its massive scale of 1,862 residential units and 8 commercial units, its strategic location near Science Park, one-north, and Mapletree Business City enhances both resale value and rental demand.

🥉 Jadescape — 54 Profitable Transactions
Jadescape, located along Shunfu Road, achieved 54 profitable deals in 2024, including a record-breaking $4.4 million penthouse profit. With convenient access to Marymount MRT and Upper Thomson, this project exemplifies how connectivity and scale drive strong performance in Singapore’s mid-tier market.

Outside Central Region (OCR): The Power of Mega Developments

🥇 Treasure at Tampines — 197 Profitable Transactions
As Singapore’s largest condo with 2,203 units, Treasure at Tampines topped the OCR list with 197 profitable transactions. Gains ranged from $25,000 to nearly $1 million. Its appeal lies in its unbeatable convenience — close to major expressways, Tampines Mall, and the bustling Tampines Round Market.

🥈 Parc Clematis — 92 Profitable Transactions
Located in District 5, Parc Clematis posted 92 profitable deals, benefiting from its 1,450-unit scale, strong connectivity to Clementi MRT and AYE, and its appeal among families seeking west-side accessibility. It’s another example of how mega developments consistently rank among the most profitable condos in Singapore.

🥉 The Florence Residences — 87 Profitable Transactions
Completing the OCR’s top three is The Florence Residences, boasting 87 profitable transactions. Situated near Hougang MRT and the future Cross-Island Line, this 1,410-unit project enjoys strong growth potential. Its en bloc redevelopment history adds to its appeal among both homeowners and investors.

Key Takeaways: What Defines the Most Profitable Condos in Singapore

A deeper look into 2024’s property data highlights a few clear trends:
Newly completed condos (TOP units) continue to outperform older resale units.

Mega developments generate higher transaction volumes, leading to more liquidity and stronger resale prices.

Strategic locations near MRT stations and growth districts are key drivers of consistent capital gains.

For investors looking ahead, the success of 2024’s top projects demonstrates that profitable opportunities still exist — especially in large-scale developments and city-fringe districts poised for transformation.
If you’re exploring 2025 new launches or looking to invest in one of Singapore’s most profitable condos, reach out to an ERA Trusted Advisor for data-backed insights and guidance tailored to your property goals.