Key Takeaways
- SINGAPORE UNITED ESTATES PTE LTD leads with 5,904 transactions across 4 projects.
- Holly Development Pte Ltd commands the highest median PSF at $2,949 psf.
- SINGAPORE UNITED ESTATES PTE LTD shows the strongest appreciation at +39.7%.
Which developers deliver the best returns? This analysis ranks the top 20 developers by transaction volume and examines their median PSF and historical price appreciation, sourced from URA data.
5,904
SINGAPORE UNITED ESTATES PTE LTD (Most Active)
20
Developers Analysed
22,285
Total Transactions
Developer Rankings
| Developer | Transactions | Projects | Median PSF | Appreciation |
|---|---|---|---|---|
| 1. SINGAPORE UNITED ESTATES PTE LTD | 5,904 | 4 | $1,756 psf | ↑ 39.7% |
| 2. KINGSFORD HURAY DEVELOPMENT PTE LTD | 1,404 | 1 | $1,845 psf | ↑ 9.5% |
| 3. CITY DEVELOPMENTS LTD | 1,316 | 35 | $1,777 psf | ↓ 24.6% |
| 4. Sim Lian (Treasure) Pte Ltd | 1,167 | 1 | $1,605 psf | ↑ 27.6% |
| 5. Topaz Residential Pte Ltd/Topaz Commercial Pte Ltd | 1,125 | 1 | $2,363 psf | ↑ 0.1% |
| 6. Springleaf Residence Pte Ltd | 907 | 1 | $2,169 psf | ↑ 3.7% |
| 7. HONG REALTY (PRIVATE) LIMITED | 906 | 4 | $1,306 psf | ↑ 38.0% |
| 8. Grand Dunman Pte Ltd | 904 | 1 | $2,524 psf | ↓ 0.7% |
| 9. Sim Lian JV (Katong) Pte Ltd | 843 | 1 | $2,628 psf | ↑ 9.8% |
| 10. Chuan Park Development Pte Ltd | 837 | 1 | $2,597 psf | ↑ 3.7% |
| 11. Tripartite Developers Pte Ltd | 784 | 7 | $1,169 psf | ↑ 32.4% |
| 12. Sim Lian JV (Northbank) Pte Ltd | 759 | 1 | $1,769 psf | -- |
| 13. Transcend Residential (Toa Payoh) Pte Ltd | 739 | 1 | $2,723 psf | ↓ 2.3% |
| 14. FE Landmark Pte Ltd/FEC Residences Trustee Pte Ltd/FEC Retail Trustee Pte Ltd | 721 | 1 | $2,479 psf | ↑ 6.7% |
| 15. DBS Trustee Limited/Legend Commercial Trustee Pte Ltd/Legend Quay Pte Ltd | 701 | 1 | $2,887 psf | ↑ 3.0% |
| 16. Hoi Hup Sunway Katong Pte Ltd | 700 | 1 | $2,795 psf | ↑ 3.4% |
| 17. Holly Development Pte Ltd | 663 | 1 | $2,949 psf | ↑ 11.3% |
| 18. Taurus Properties SG Pte Ltd | 639 | 1 | $1,340 psf | ↑ 13.1% |
| 19. CITY DEVELOPMENTS LIMITED | 637 | 12 | $1,599 psf | ↑ 22.4% |
| 20. Tembusu Residential Pte Ltd | 629 | 1 | $2,446 psf | ↓ 2.0% |
Top 5 by Appreciation
These developers have shown the strongest PSF appreciation over their transaction history:
- SINGAPORE UNITED ESTATES PTE LTD: +39.7% (2021 to 2026)
- HONG REALTY (PRIVATE) LIMITED: +38.0% (2021 to 2026)
- Tripartite Developers Pte Ltd: +32.4% (2021 to 2026)
- Sim Lian (Treasure) Pte Ltd: +27.6% (2021 to 2026)
- CITY DEVELOPMENTS LIMITED: +22.4% (2021 to 2026)
📝 Note on Methodology
Appreciation is calculated by comparing median PSF of the developer's earliest and latest transaction years. This is a simplified proxy and does not account for project mix changes over time.
Key Finding
Track record matters. Established developers tend to deliver more consistent capital appreciation.
Frequently Asked Questions
Does the developer matter when buying a condo?
Yes. Established developers with strong track records typically deliver better build quality, project management, and long-term capital appreciation.
How is appreciation calculated?
By comparing the median PSF of the developer's earliest and most recent transaction years. This is a simplified measure.
Are JV developments attributed to both developers?
The developer field in URA data typically lists the main developer or JV entity name as registered.
Methodology & Sources
This analysis covers all available transaction periods and is updated annually.
Transaction data sourced from URA.
- Median PSF values used to minimize outlier impact.
- New launch proxy: properties with TOP year within the last 3 years.
- Auto-generated from URA data. Last updated: 15 Mar 2026.
Median values used to minimize outlier impact. PSF = price per square foot.