What residential projects had the highest appreciation this month? Knowing which properties are   increasing in price will help you spot potential hot areas of the property market. In this article, based on analysis done at PropertyMarketInsights.com, we will share with you the top five resale and subsale residential projects ranked by percentage price change in October 2012 from the previous month (only projects with at least five transactions in each month are included in this analysis).

Use this list to find projects where prices are trending up strongly on a month-on-month basis. You can use this information profitably by either finding units in the same project that are still underpriced (i.e. have not reflected the pricing momentum), or to find neighbouring projects that are laggards in the expectation that they will play some sort of catch up.

5. Acsentia Sky, +6.1%

 (All map screenshots are taken from OneMap.sg)

Ascentia Sky climbed from $1,478 PSF to $1,568 PSF month-on-month, an increase of 6.1%, entering the list at fifth place. Located at 1 Alexandra View, the 99 year leasehold apartment is expected to be completed in 2014 with 373 units. Ascentia Sky has condominium facilities such as a 50 metre lap pool, kids jacuzzi, tennis court, snooker loft as well as indoor gym. Ascentia Sky is a short walk away from Redhill MRT and nearby schools include River Valley Primary School and Singapore Chinese Girls School. Residents can head down to nearby food centres and shopping malls for daily amenities.

4. Serangoon Garden Estate, +6.4%

Serangoon Garden Estate climbed from $1,179 PSF to $1,255 PSF month-on-month, an increase of 6.4%, taking fourth place. Serangoon Garden Estate is only minutes away from Lorong Chuan MRT station and is close to Serangoon Garden Village and Bishan Park. Nearby schools include Zhong Hua Primary School and Nanyang Junior College. Residents can head down to Serangoon Garden Village for daily amenities.

3. Natura@Hillview, +6.8%

Natura@Hillview climbed from $1,299 PSF to $1,387 PSF month-on-month, an increase of 6.8%, taking third place. Located at 18 Hillview Terrace, the freehold condominium is expected to be completed in 2016 with 193 units. Natura@Hillview has condominium facilities such as a jogging track, lap pool, function area, table tennis, waterscape and fitness corner. Natura@Hillview is close to Bukit Batok MRT and Bukit Gombak MRT. Nearby schools include Bukit View Primary School and Hillgrove Secondary School. Residents can head down to the nearby NTUC Fairprice as well as West Mall for daily amenities.

2. V on Shenton, +8.7%


V on Shenton comes in second on the list climbing from $2,039 PSF to $2,217 PSF month-on-month, increasing a notable 8.7%. This luxurious 99 year leasehold condominium has 510 units and is expected to be completed in 2017. The hefty price tag comes justified with it located deep in the heart of Shenton Way. Some unique facilities such as epicurean dining, outdoor dining, a private lounge, garden lounge, relaxation pods, bean waves, swivel day beds and a refreshment bar. V on Shenton is a haven for city dwellers, giving them the perfect environment to wind down while making its location both convenient to city areas as well as markets such as NTUC Fairprice. V on Shenton is also close to Tanjong Pagar MRT, Marina Bay MRT and Raffles Place MRT.

1. Melville Park, +9.2%

Melville Park climbed from $704 PSF to $768 PSF month-on-month, an increase of 9.2%, taking third place. Located at 12 Simei Street 1, the 99 year leasehold apartment was completed in 1996 with 1,232 units. Melville Park has condominium facilities such as a swimming pool, function room, tennis courts and gym. Melville Park is close to Simei MRT and Tampines MRT. It is near Tampines Junior College and Changi General Hospital. Residents can head down to nearby NTUC Fairprice as well as Eastpoint Mall for daily amenities.

While we’ve tried to exclude idiosyncratic factors from causing extreme price changes (e.g. an unusual unit in a project) by setting a minimum of five transactions in each month to do the calculation, please do your homework to ensure there are no special reasons for the price changes. Till next month!

Want a longer list of the best performing properties? How about a list of the worst performing ones to spot bargains? You can get this and much more at PropertyMarketInsights.com, a site that helps investors spot opportunities and time their Singapore property purchases. Click here to get your FREE report on Understanding the Property Market Cycle to invest profitably now.

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