Imagine turning an $815,000 penthouse bought 20 years ago into a $3.07 million jackpot today. That’s exactly what happened at Varsity Park Condominium in May 2025, that’s a 275.9% gain—about 7.2% per annum. 

This isn’t an isolated case. Multiple resale penthouses in older developments like Varsity Park and Rivershire are quietly delivering multi-million-dollar gains to sharp-eyed investors.

Why are these resale penthouses generating such spectacular returns? 

What’s behind the surge?

Let’s unpack why older resale condos are the best investment bet in Singapore’s mid‑2025 market—and how you can spot the next multi‑million dollar opportunity before the crowd.

The Resale Condo Market Is Booming — Here’s Why

Singapore’s resale condo prices continue their upward march, with a healthy 5.9% year-on-year increase as of April 2025. Notably, the Rest of Central Region (RCR) saw a 2.4% month-on-month price surge, making it a sweet spot for buyers seeking a balance between city accessibility and affordability.

Median capital gains for resale condos reached $401,000 in April 2025, underscoring strong investor returns. Districts like the East Coast (District 15) posted median gains as high as $785,000, reflecting the desirability of mature estates with lifestyle amenities.

At the same time, new launches have slowed and skewed towards smaller, pricier units in the Core Central Region (CCR), pushing many buyers to explore resale options for better value and space.

Why More Buyers Are Choosing Older Resale Condos in Singapore (2025)

1. Bigger Space, Better Lifestyle

Older resale condos often come with large layouts—think 2,000+ sq ft penthouses and spacious 3 to 4-bedroom units. These are rare in today’s new launches, which tend to shrink with every project. For growing families or upgraders, more space means better living.

2. Lower Price, Higher Value

In 2025, resale penthouses in city-fringe areas are averaging just S$1,300–S$1,500 psf, while new launches have crossed S$2,800 psf in prime districts. That’s up to 50% savings—a huge value gap that smart buyers are jumping on.

3. Proven Capital Gains

That Varsity Park penthouse that turned S$815k into S$3.07 million in May 2025? It’s not an outlier. Many older condos are quietly producing multi-million-dollar returns for long-term investors. These aren't just homes—they’re wealth-building machines.

4. No Wait, No Risk

Resale condos are move-in ready with no construction delays, no risk of project failure, and established amenities. You can buy today, rent or live in it tomorrow—zero downtime.

5. A New Wave of Buyers

Buyers are no longer just retirees or owner-occupiers. Younger investors in their 30s-40s, family offices, and upgraders priced out of new launches are hunting for these undervalued gems. Their goal? Capital appreciation, not just rental yield.

Where to Find Resale Condos and Penthouses with High Upside in 2025

Looking for undervalued resale condos with strong growth potential? Here’s what to target:

Projects completed before 2010

Look for older developments with large floor plans, full facilities, and well-maintained common areas. These often offer much more value per square foot than newer launches.

Units with views and outdoor space

Prioritize condos with unblocked views, roof terraces, or spacious balconies—especially penthouses. These features not only enhance livability but also boost future resale value.

Below-market psf prices

Look for units priced below S$1,500 psf in the RCR (Rest of Central Region) or below S$1,200 psf in the OCR (Outside Central Region). These are signs of true value buys with capital appreciation potential.

Near growth zones and transformation areas

Target areas near Jurong Lake District, Greater Southern Waterfront, Paya Lebar Airbase transformation, and Tengah Town. Properties here benefit from long-term government investment and infrastructure upgrades.

Boutique condos in mature estates

Smaller, lesser-known developments in areas like Siglap, Thomson, Upper Bukit Timah, and Serangoon Gardens often have tight supply and loyal, long-term owners. These make for rare buying opportunities.

Why Most Buyers Overlook These Opportunities

Many buyers get distracted by shiny new launches, fancy brochures, and developer discounts—without realizing that older resale condos and penthouses can offer much higher capital upside.

Yes, older projects may need some renovations or come with dated facilities, but smart investors know that these are just small trade-offs compared to the huge gains they’ve delivered.

If you’re focused on value, space, and long-term growth, these “overlooked” gems could be your smartest move in 2025.

Don’t Follow the Crowd 

With strong price growth, steady demand, and a track record of proven capital gains, resale condos are no longer just alternatives—they’re the smarter choice for 2025.

Now is the time to look beyond the hype and discover these undervalued gems before the crowd catches on.

If you're ready to find your next high-return resale condo or penthouse, let’s talk. I know where to find these hidden gems are.

Message me now!