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96% of District 16 condo deals were profitable over the past decade

Gerine Tang Yi Qian
Gerine Tang Yi Qian • 5 min read
96% of District 16 condo deals were profitable over the past decade
Vela Bay, a 99-year leasehold project located in Bayshore's seafront enclave, sold 371 units — or 72% of its total units — during the launch weekend of April 25-26. Photo: SingHaiyi
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District 16 (D16), encompassing Bedok, East Coast and Chai Chee, is emerging as one of Singapore’s most resilient private residential markets in the Outside Central Region (OCR). Over the past decade, 96% of the condominium (excluding executive condominiums or ECs) transactions in the area recorded profits, according to Urban Redevelopment Authority (URA) Realis data analysed by City & Country.

Known for its 15km of East Coast coastline and beaches, Singapore’s first district on reclaimed land has seen steady price appreciation in both the resale and new-sale segments, even as transaction volumes have fluctuated over the years.

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