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Adana @ Thomson

Old Upper Thomson Road · District 20 · Outside Central Region (OCR) · Freehold

Adana @ Thomson is an apartment development in District 20 (OCR). Based on 15 URA-recorded transactions from 20212026, its median price is $1,250,000, with prices moving about 1.9%/yr.

The verdict · for an investor

Adana @ Thomson · Apartment · District 20 · Freehold

Adana @ Thomson is a mixed picture — a real case, with real caveats.

There's a genuine case here, but weigh the caveats below before you commit — the fundamentals and the record don't all point the same way.

HeadwindsMixedTailwinds

Why it's pushing up

What matters most for you

  • ConvenientMRT about 14 min on foot; 4 supermarkets, 1 food & retail spot nearby.
  • Rentablesteady rental demand; transport and schools nearby keep tenants coming.

And what makes it better

  • Every unit type has risen — 2-bed +10.0% since 2021.
  • A Primary-1 priority school within 1km — a real family draw.

What's holding it back

  • MRT is a real walk — Bright Hill MRT, about 14 min.
  • The market's near the top of its cycle — mind your entry price.

Should I buy?

A mixed picture

There's a case — weigh the caveats first.

Rental yield

no rent record yet

Priced vs nearby

Above 3 of 5

mid-priced for the immediate area.

See if it fits my budget →

Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.

The priceIs my price fair?

Pick your exact unit — then check your price

Your unit’s exact size

Every real size that has sold here (URA caveats). Pick yours — or the closest.

~$1,855/sqft
7 sold here

What 560 sqft (2-bed) units go for here

$0.98Mmiddle ~$1.04M$1.10M

The price they’re asking

Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.

Recent 560 sqft sales

Mar 2026560 sqft · fl 01-05$1.10M$1,964 psf
Aug 2023560 sqft · fl 01-05$1.08M$1,932 psf
Jul 2023560 sqft · fl 01-05$1.08M$1,929 psf
The rentWhat would it earn?

What it rents for — and if that works

Not yet renting here — so we’ve estimated from what comparable condos nearby rent for (~$4.34 psf/mo). Change it if you know better.

The rent you’d get

/mo
2.8% gross yield
Middlingtypical for prime Singapore. The rent offsets some cost, but the returns ride on price growth, not yield. At a typical 75% loan, the rent covers ~67% of the mortgage — you’d top up ~$1,200/mo from your pocket.
Our readSo what should I do?

The price to fight for — and the endgame

No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.

If you’re buying

$1.04M

Aim at the middle or below. A patient buyer has been getting closer to $1.00M.

If you’re selling

~$1.08M

List at the top of fair; realistic close is $1.04M–$1.05M unless it’s a high floor.

Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.

The reality check — does the gain even make sense?

Likely worth then$1.25M
Paper gain+$0.22M

Our blunt read: ~$215k over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~1.9%/yr), and past pace never promises the future.

Built from URA transactions for Adana @ Thomson — an opinion to decide and negotiate with, never a valuation and never financial advice.

If you’re buying — the outlook

Adana @ Thomson

Outside Central Region (OCR) · District 20 · ~$1,965 psf

own price

Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Adana @ Thomson, its own prices are still climbing. Over a 4-year hold, expect modest growth — not a big jump.

◀ HeadwindsTailwinds ▶

On balance, the wind is leaning to your favour.

!

What it means for you: At ~$1,965 psf, Adana @ Thomson is priced about level with similar new projects nearby — no bargain, but you're not overpaying versus its peers. Its own prices are only creeping up (~1.9%/yr over ~5 years). You'd also be buying near the top of the cycle, so entry price matters. So — negotiate, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.

The signals behind it

Dots show how much weight each one carries.

Where we are in the cycle

Holds prices back

Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.

This project (Adana @ Thomson)

Supports prices

Adana @ Thomson's own prices are still climbing — about +2% in the latest year of sales.

Your area vs the rest

Holds prices back

The suburbs (OCR) grew fastest since 2004 — a lot of that gain is already in, so there's more risk it cools from here.

Government cooling measures

Holds prices back

The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.

Home-loan rates

Supports prices

Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.

Prices vs salaries

Supports prices

Against salaries, prices aren't expensive by past standards — people can still afford to buy.

New people moving in

Supports prices

Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.

New supply nearby

About neutral

A moderate amount of new supply is coming to this district (~1,268 units, from 2030).

1.3k units
New launches selling

Supports prices

New launches in this district are selling well — 2 recent ones are around 100% sold, so buyer demand here is healthy right now.

100% sold
New land being released

Holds prices back · small effect

The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.

Foreign buyers

About neutral · small effect

Foreign buyers are almost gone since the 60% tax (~1.4% of buyers), but the suburbs never leaned on them — so it barely affects you here.

1.4% foreign
Rents (Singapore-wide)

About neutral

Rents across Singapore have flattened out lately.

Money ready to spend

Supports prices · small effect

There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.

The wider economy

Supports prices · small effect

The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.

Building costs

Supports prices · small effect

Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.

Supports pricesHolds prices backNeutral

Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.

How far could it go — and when?

Is the price high? ~$1,965 psf is ~7% below similar nearby projects (~$2,104). about right

(The whole suburbs average is ~$1,534 psf — but that lumps in older stock, so we compare like with like, not against that.)

What’s realistic here? Its own record and its real neighbours — not the market.

Adana @ Thomson has grown ~1.9%/yr over ~5 years. Similar nearby: Amo Residence 4%, The Panorama 5.1%, Grandeur 8 5.4% — a 45.4%/yr spread (most around 5.1%).

market ~4.6%
Adana 1.9%
0%/yr4%8%/yr

You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.

What price per sqft are you hoping to sell at one day?

$psf
Later — around year 8
Sell earliest (yr 4):at its own ~1.9%/yr, ~$2,119/sqft by year 4 — still short of $2,250.
Likely hits it:about year 8 at its own ~1.9%/yr pace.
Best case:if it ran like its best neighbour (Grandeur 8, ~5.4%/yr), about year 3.

Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.

Median price

$1,250,000

2021–2026 (URA)

Appreciation

1.9%/yr

median trend

Gross yield

rental n/a

Lease

Freehold

Adana @ Thomson median price per sqft, by year

2021$1,737 psf
2022$1,856 psf+6.9%
2023$1,921 psf+3.5%
2026$1,965 psf+2.3%

Median PSF of actual URA transactions each year, with year-on-year change.

Does Adana @ Thomson fit your budget?

GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.

Plan your purchase →

Units for sale at Adana @ Thomson

Questions people ask about Adana @ Thomson

Is Adana @ Thomson freehold or leasehold?

Adana @ Thomson is a freehold development in District 20 (Outside Central Region (OCR)). Freehold means there is no lease running down.

How much does Adana @ Thomson cost per square foot?

Recent transactions at Adana @ Thomson are around $1,965 psf. Across its record, transacted prices range from $1,018,000 to $2,220,000.

Which primary schools are near Adana @ Thomson?

Within 1 km (top Primary 1 priority): Chij St. Nicholas Girls' School (0.82 km). Within 1–2 km: Ai Tong School, Ang Mo Kio Primary School, Mayflower Primary School. Distances are straight-line — the basis MOE uses for P1 priority.

Which MRT station is nearest Adana @ Thomson?

The nearest MRT is Bright Hill MRT, about 880 m away (straight-line).

Has Adana @ Thomson gone up in value?

Across 15 URA-recorded transactions (2021–2026), prices at Adana @ Thomson have moved about 1.9% a year on average. That is a past record, not a forecast.

What condos are comparable to Adana @ Thomson?

Within a short walk: Bishan Park Condominium, Thomson Grand, The Gardens At Bishan, Amo Residence, The Panorama. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.

Is Adana @ Thomson a good buy?

Adana @ Thomson sits in Outside Central Region (OCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.

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