Condominiums Guide
Condo Resale Pricing
Condo resale prices move on comparable transactions and unit-specific factors far more than on listing descriptions. Here's what to actually check before you set or accept a number.
Reviewed by Glenice Toh
Start With Comparable Transactions, Not Listings
Listed asking prices reflect what sellers hope to get, not what buyers are actually paying. Recent transactions lodged for the same project — and comparable nearby projects where supply is limited — are a far more reliable read on where the market actually sits.
What Moves Price Within The Same Project
What Moves Price Within The Same Project
- Floor level and stack — higher floors and stacks with unblocked views or better facing typically command a premium.
- Remaining lease — a 99-year leasehold unit is priced differently as the lease shortens, especially past the halfway mark.
- Renovation condition and age — a well-maintained unit can close the gap with a newer comparable, but rarely commands more than a fresh transaction.
- Maintenance fee level — higher monthly maintenance can offset a lower headline price for cost-sensitive buyers.
Tenure And En Bloc Potential
Freehold and long-leasehold projects are valued differently from ageing 99-year leasehold developments, and a project seen as having realistic en bloc potential can trade at a premium reflecting that possibility — though en bloc outcomes are never guaranteed and shouldn't be the main reason to buy.
Where Buyers And Sellers Miscalculate
Frequently Asked Questions
Frequently Asked Questions
Are listed prices a reliable guide to market value?
Not on their own — recent comparable transactions are a stronger signal than current asking prices.
What affects condo resale value most?
Recent comparable transactions, unit stack or level, facing, renovation condition and remaining lease.
Does remaining lease matter for a resale purchase?
Yes, it affects both the buyer's financing and the unit's future resale liquidity.
Mortgage
Estimate monthly loan repayment and total interest over the loan tenure.
Run the Mortgage calculator →Setting or evaluating a price for a specific unit?
Comparable transactions and unit-specific factors matter more than the listing description. Run the numbers before you commit.
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