10-Year Investment Performance Review: Symphony Suites vs Nine Residences (2015–2025)
When purchasing a new condominium launch, many investors wonder how the property’s value and rental returns will hold up a decade later. Ten years is a long enough period for market trends to play out, making it an ideal timeframe to evaluate capital appreciation (price growth) and rental yields. In part four of this analysis, we examine The Poiz Residences – a city-fringe condominium launched in late 2015 – and compare its 10-year performance to that of a nearby resale benchmark, Sennett Residence. Both are 99-year leasehold condominiums located just across the road from each other in Potong Pasir, which provides a fair comparison given their similar location and lease tenure.
However, there are key differences: The Poiz Residences is a larger mixed-use development (731 units) built atop a retail mall (with residential floors starting from the 4th/5th level), whereas Sennett Residence is a more boutique pure residential project (332 units plus a few shops, with homes from the ground floor). These differences in scale and amenities might influence their price movements and rental demand over time. In the sections below, we break down the price movement by unit type (from one-bedroom to four/five-bedroom units) and then do the same for rental trends. We also include summary tables of price changes and rental yield trends, and discuss the relationship between capital growth and rental yields, explaining its implications for investors.
Price Trends by Unit Type (2015–2025)
Understanding price trends by unit type is essential because different unit sizes can appreciate at different rates. We use price per square foot (psf) as a standard metric for comparing values, since it accounts for unit size differences. Let’s examine how 1-bedroom, 2-bedroom, 3-bedroom, and 4/5-bedroom units at The Poiz Residences have appreciated over the past 10 years, and how they stack up against Sennett Residence’s resale values in the same period.
One-Bedroom Units
Investors often favour one-bedroom apartments, so it’s interesting to see how they performed. In 2015, The Poiz Residences launched its 1-bedroom units at around $1,500 psf, and by 2025, they were transacting at roughly $1,900+ psf, about a +27% increase in average psf price over the decade. By comparison, Sennett Residence’s 1-bedroom units (which entered the resale market a couple of years earlier) rose from the high-$1,500s to approximately $1,880 psf over the same period, an increase of roughly +18%. In absolute terms, Poiz’s 1-bedders went from around the mid-$600k range at launch to $900k or more in 2025, while Sennett’s 1-bedders (which are generally a bit larger in size) climbed from roughly $870k to about $1 million on average. Both condos clearly appreciated, though Poiz’s 1-bedroom units saw a higher percentage gain. This may be due to The Poiz Residences’ integrated retail amenities and the “newer” project premium helping it sustain value. Sennett’s 1-bedders had a more modest rise, possibly because some of the value was already realised by 2015 (since it was launched earlier), and being a slightly older development may have tempered its price growth.
Two-Bedroom Units
For two-bedroom units, both developments saw strong appreciation as well. At The Poiz Residences, 2BR units were priced at around $1,420 psf in 2015 and have surged to roughly $2,120 psf by 2025, representing a nearly 50% increase. Sennett Residence’s 2BR units, starting from about $1,360 psf in 2015, rose to about $1,920 psf in 2025, for a healthy +41% appreciation. In dollar terms, a typical two-bedroom unit at Sennett might have been purchased for approximately $1.1 million in 2015 and could be worth around $1.5–$1.6 million now. At The Poiz, which had smaller-average 2BR sizes and a lower entry price, units that sold for roughly $970k (at launch) are now transacting around the $1.4–$1.5 million range on average. This means original buyers of Poiz 2BRs have seen significant capital gains. The Poiz’s 2BR price performance slightly outpaced Sennett’s, which could be attributed to the convenience of having retail and an MRT station at its doorstep (factors that future buyers valued more and more). Nonetheless, Sennett Residence 2BRs kept a respectable pace, showing that well-located properties can appreciate strongly even on the resale market.
Three-Bedroom Units
Three-bedroom family units showed some of the most dramatic growth, especially at The Poiz. In 2015, The Poiz Residences’ 3-bedroom units were selling around $1,380 psf, and by 2025, they averaged about $2,210 psf, which is roughly a +60% increase. Sennett Residence’s 3BR units started around $1,370 psf in 2015 and climbed to approximately $1,980 psf in 2025, for about a +44% increase. In terms of actual prices, a Poiz 3-bedroom unit that might have cost approximately $1.3–$1.4 million at launch could be worth well above $2 million now. Sennett’s larger 3BR units (which were approximately $1.6–$1.7 million in 2015) are now also exceeding $2 million. Interestingly, The Poiz’s 3BR units appreciated faster, ending up slightly higher in $/psf than Sennett’s by 2025. One reason could be that at launch, large units like 3BRs in The Poiz were initially priced relatively modestly (to attract buyers for high-quantum units), leaving more room for upside. Sennett’s 3BRs had begun from a higher base, considering its launch year (2013), so from 2015 onward, their percentage growth was a bit lower. Still, a 44% gain for Sennett’s three bedrooms is very robust. The data suggests that demand for spacious units in this location picked up considerably over the decade – perhaps as the Potong Pasir area developed and became more sought after by families, pushing up prices for both projects’ 3-bedroom homes.
Four- and Five-Bedroom Units
The largest unit types (4- and 5-bedrooms) present a particularly interesting trend. At The Poiz Residences, these units transacted at around $1,310 psf in 2015 and rose to about $2,185 psf by 2025, reflecting a strong +66% appreciation. Sennett Residence’s large units started lower at approximately $1,170 psf in 2015 and climbed to around $2,045 psf in 2025—an even higher +75% increase. This sharper percentage gain at Sennett is mainly due to penthouse transactions in 2015 that were sold at unusually low prices (around $1,000 psf), which pulled the average down, making the growth appear steeper. Even so, in absolute terms, both developments saw their large-unit psf values increase significantly over the decade.
What does this translate to in actual dollar terms? Sennett Residence’s transacted 4-bedroom units were around 1,400 sq ft in 2015. Excluding penthouse distortions, the average 4-bedroom price was about $1,210 psf, putting their quantum at roughly $1.7-1.8M+ back then. Today, at approximately $2,045 psf, these same units are now crossing the $2.7M mark.
At The Poiz Residences, the 4- and 5-bedroom units tend to be slightly larger, with launch prices generally in the $1.9M–$2.0M range. By 2025, these units are expected to be transacting for around $3.3M, with some penthouses achieving prices as high as $4.9M.
Because transaction volumes for these large-format units are relatively low, the numbers can fluctuate significantly from year to year, depending on which specific units are transacted. Even so, the overall picture is clear: both developments’ largest homes have enjoyed strong price growth. This mirrors a broader market pattern where big units, initially priced more conservatively, often see substantial upside once the market recognises their long-term value. Buyers who entered at launch have clearly been rewarded over the past decade.
To summarise the capital appreciation: across all unit types, The Poiz Residences delivered strong price growth, generally matching or exceeding that of Sennett Residence (especially in the 1BR–3BR categories). Sennett Residence, despite being older and with fewer units, also saw healthy appreciation, particularly for its largest units. The table below provides a quick overview of the average $/psf price changes from around 2015 to 2025 for each unit type in both projects:
| Unit Type | The Poiz Res (≈2015 $/psf) | The Poiz Res (2025 $/psf) | % Change (Poiz) | Sennett Res (≈2015 $/psf) | Sennett Res (2025 $/psf) | % Change (Sennett) |
| 1-bedroom | ~$1,500 psf | ~$1,913 psf | +27% | ~$1,590 psf | ~$1,884 psf【19†】 | +18% |
| 2-bedroom | ~$1,420 psf | ~$2,119 psf | +49% | ~$1,360 psf | ~$1,916 psf【24†】 | +41% |
| 3-bedroom | ~$1,384 psf | ~$2,211 psf | +60% | ~$1,370 psf | ~$1,976 psf【24†】 | +44% |
| 4/5-bedroom | ~$1,313 psf | ~$2,185 psf | +66% | ~$1,170 psf | ~$2,045 psf【25†】 | +75% |
Table: Estimated average launch-year (around 2015) vs 2025 resale prices for each unit type, showing The Poiz Residences’ strong capital appreciation compared to Sennett Residence. (Sennett 1-bedroom values use resale data from 2018 as the earliest available【19†】 since no 1BR resale occurred in 2015–2017.)
As the data shows, investors who purchased units at The Poiz Residences from launch have enjoyed substantial capital gains across all unit types. Sennett Residence resale owners who purchased in 2015 also benefited from meaningful appreciation, albeit at slightly lower percentages—except the largest units, which delivered comparable returns once the earlier penthouse-skewed data were adjusted.
With capital values established, we now turn to the following question: Did rental performance over the same period follow a similar upward trajectory?
Rental Trends by Unit Type (2018–2025)
Rental demand and rates are the other half of the investment equation. Rental trends often depend on factors such as the property’s age, location, convenience, and tenant profile. We’ll now review how rental rates (measured here as average monthly rent per square foot of floor area) have moved for 1BR, 2BR, 3BR, and 4/5BR units in The Poiz Residences versus Sennett Residence. The period considered is roughly 2018–2025, as The Poiz was completed around 2018 (when its units entered the rental market), and data is available up through 2025. Notably, Singapore experienced a surge in residential rents around 2021–2023, which will be reflected in these trends.
One-Bedroom Rentals
One-bedroom units in both developments have enjoyed surging rental rates in recent years. In 2018, newly completed Poiz Residences 1BR units were renting for around $4.60 psf (per month), while Sennett Residence’s 1BR units (slightly older but larger) rented for about $4.20 psf. Fast forward to 2023, when the rental market peaked, Poiz 1BR rents reached roughly $6.95 psf, and Sennett’s around $6.15 psf, before settling at $6.60+ psf (Poiz) and $6.14 psf (Sennett) by 2025. Overall, that’s an increase of roughly +44% for Poiz and +47% for Sennett in 1BR rent rates from 2018 to 2025. In practical terms, a typical one-bedroom unit at The Poiz, which rented for approximately $2,100 per month in 2018, is now fetching on the order of $3,000 per month or more in 2025.
Sennett’s 1BRs, which might have rented for around $2,300 in 2018 (they tend to be slightly larger units), are now also in the ballpark of $3,200–$3,400 per month. The Poiz Residences consistently commanded a higher rent per square foot (likely due to its newer condition and integration with the mall/MRT), but the absolute monthly rent for an average 1BR ended up similar for both – because Sennett’s 1BR units have larger floor areas, balancing out the lower psf rate. The strong rental growth for 1BR units reflects high demand from singles or couples looking for city-fringe apartments; both developments benefited from Potong Pasir’s improved connectivity and amenities (with The Poiz’s mall being a draw for tenants as well). By 2025, one could confidently say that both projects’ 1-bedroom apartments have become very attractive to renters, commanding over $6 psf – a level typically seen in more central areas a few years prior.
Two-Bedroom Rentals
Two-bedroom units also saw hefty rent increases. Around 2018, The Poiz Residences 2BR units rented for about $4.3 psf, compared to roughly $3.5 psf at Sennett Residence. (Again, Sennett’s larger unit size meant that despite the lower psf, actual rents were comparable.) By 2025, Poiz 2-bedroom rents averaged around $6.2 psf, while Sennett’s were about $4.9–$5.0 psf. In percentage terms, this represents a 46% increase for Poiz and a 42% increase for Sennett in the 2BR segment.
To translate this into monthly rent: a 2-bedroom unit at The Poiz (~750 sq ft), which might have leased for about $3,200 in 2018, could now be fetching $4,500 or more by 2025. A larger 2-bedroom at Sennett (~900 sq ft), also renting for roughly $3,200 in 2018, is now achieving a similar $4,500 range today. What’s notable is that despite the difference in $psf rents, the actual monthly rent for a typical 2BR unit in 2025 is nearly identical for both developments—hovering in the mid-$4,000s—because Sennett’s units compensate with larger floor areas.
It’s also worth mentioning that rental transaction volumes for 2BR units at Sennett were comparable to those at The Poiz. This is largely because both developments have a similar number of 2-bedroom units (around 142 units each), indicating that the proportion of owner-occupiers versus landlords is likely quite similar across the two projects.
Three-Bedroom Rentals
For three-bedroom family units, rental growth was also robust, particularly given the broad rise in rents for family-sized units following 2020. The Poiz Residences’ 3BR units had an average rent of about $3.9 psf in 2019 (shortly after completion), whereas Sennett Residence’s 3BR units were around $3.2 psf at that time. By 2025, Poiz’s 3BR rents reached roughly $5.9 psf, and Sennett’s around $4.9–$5.0 psf. That works out to approximately +51% for Poiz and +54% for Sennett – so both increased their rental rates by over 50%. In monthly rent terms, a typical Poiz 3-bedroom (~1,000 sqft) might have increased from about $4,000/month in 2019 to around $6,000/month in 2025. A larger Sennett 3-bedroom unit (~1,400 sqft) may have increased from roughly $4,500/month to around $7,000/month over the same period. By the peak in 2022/2023, some Poiz 3BR units were commanding over $6 psf (meaning $6k+ per month), and Sennett’s were around $5.2 psf at peak.
A key point to highlight is the rental yield implication. A 3-bedroom unit at The Poiz Residences, valued at over $2 million and renting for $5,000–$6,000 a month, delivers a yield in the mid-3% range. A similarly priced $2 million+ 3-bedroom unit at Sennett Residence collects roughly the same monthly rent, resulting in a comparable yield of ~3%, although it achieves this with a larger floor area. This also helps explain the difference in selling price per square foot, as Sennett’s larger units naturally command a lower price psf square foot, even when the total quantity is similar.
We will explore yields in more detail in the next section. Still, the takeaway is clear: Poiz’s newer condition and more efficient layouts support stronger psf rents, helping it match Sennett’s absolute rental amounts despite having smaller units.
Another observation is the difference in rental activity. The Poiz Residences has 202 three-bedroom units, while Sennett Residence has only 62, and this is reflected in the rental market—Poiz recorded over 300 leases in this category over the years, compared to only a few dozen at Sennett. This suggests a similar ratio of owner-occupiers to tenants in both developments, but simply more rental supply at Poiz due to the larger number of 3BR units.
Regardless, what stands out is that renters in 2025 are paying significantly more for 3-bedroom homes in this area compared to a decade ago, across both projects.
Four- & Five-Bedroom Rentals
The rental market for the largest units (4- and 5-bedrooms) is typically small and more volatile, and the data reflects this. In 2019, large units at The Poiz Residences rented for about $3.6 psf, while those at Sennett Residence averaged around $3.2 psf. By 2024— noting that 2025 data is limited, with only one 4-bedroom rental at Sennett — Poiz’s 4/5BR rents had climbed to roughly $5.1 psf, compared to about $3.8 psf at Sennett. This represents an approximate +42% increase for Poiz, versus a more modest +18% for Sennett over the same period.
These numbers, however, require context. In 2023, during the rental peak, some of Sennett’s large units achieved rents above $5 psf, but the 2024 average dropped below $4 psf due to a large penthouse lease transacting at $3.82 psf. With only ~26 total 4/5BR leases at Sennett and ~29 at Poiz over the years, even one atypical transaction can significantly skew the averages.
In terms of absolute monthly rent, a typical 4-bedroom at The Poiz (~1,600 sq ft) now rents for around $7,000–$8,000, while a typical Sennett 4-bedroom (~1,400 sq ft) rents for roughly $6,500–$7,500. The Poiz’s larger units may be more appealing in today’s hybrid work environment due to newer layouts and better space efficiency. Additionally, The Poiz has 56 units with 4 or 5 bedrooms, compared to 41 units at Sennett, suggesting a higher proportion of owner-occupiers at Sennett. This limited rental supply likely contributed to its softer and more inconsistent rent growth.
In summary, while both developments saw rental increases in their largest units, The Poiz Residences showed a more consistent upward trend, whereas Sennett Residence recorded milder growth with greater volatility.
Overall, rental rates surged sharply from 2018 to 2023 across both projects. The Poiz Residences, being newer, achieved stronger per-square-foot rents and had more units participating in the rental market. The Sennett Residence, despite slightly lower psf rents due to its larger unit sizes and older age, still benefited from substantial rental growth—especially in its smaller and mid-sized units. The key takeaway is that rental incomes have largely kept pace with, and in some cases outpaced, capital appreciation in recent years, which carries significant implications for rental yields explored in the next section.
Capital Growth vs. Rental Yield – What’s the Relationship?
One critical aspect for property investors is the relationship between capital appreciation and rental yield (annual rental income as a percentage of property value). Ideally, you want both your property value and rent to increase – but if prices rise much faster than rents, rental yield (on the current value) can fall, making the investment less attractive for income. Conversely, if rents climb faster than prices, yields can improve. Let’s interpret the data from The Poiz Residences and Sennett Residence in this light.
In the initial years, right after The Poiz Residences was completed (around 2018), rental yields for small units were fairly solid. For example, a 1-bedroom Poiz unit purchased at approximately $700k and rented for about $2,100/month would yield roughly 3.5–3.6% per annum. Sennett Residence’s 1-bedroom units at that time had slightly lower yields (~3.0% in 2018) because their market value was higher (around $870k) while rent was only a bit more (~$2.3k/month). For 2-bedroom units, yields initially ranged from 3.0% to 4.0% for both projects. The larger 3-bedroom units at both Sennett Residence and The Poiz Residences ultimately yielded very similar rental returns, as Poiz’s higher $psf rents were offset by its smaller unit sizes. The biggest 4BR units showed the most modest yields – in the range of less than 3.0% – since those large homes were expensive and not easily rented out at commensurately high rates.
Over the past decade, both prices and rents have increased, though not always at the same pace. From 2015 to 2019, prices climbed steadily while rental growth was more moderate, which likely led to a slight compression in yields. The turning point came between 2021 and 2023, when the rental market surged sharply—rents jumped much faster than property prices, as reflected in the graphs. This spike temporarily boosted rental yields.
By 2025, although both Poiz and Sennett had seen substantial price appreciation since launch, rents had also risen significantly, allowing yields to remain healthy. For example, The Poiz Residences’ 1-bedroom units are achieving rental yields of about 3.8%, similar to or slightly higher than early years. Sennett Residence’s 1-bedroom yields are now around 4.0%.
In short, strong rental growth has effectively kept pace with capital appreciation, helping to sustain valuations and support overall price performance.
We can summarise the approximate rental yields by unit type, comparing the early post-launch period to the current situation:
| Unit Type | Poiz Yield (2018 Rent Vs 2015 Purchase) | Poiz Yield 2025 (Current) | Sennett Yield (2018) | Sennett Yield 2025 (Current) |
| 1-bedroom | 3.4~% | ~3.8% – 4.0% | ~3.0% | ~4.0% |
| 2-bedroom | 4~% | ~3.7% | ~2.9% | ~3.1% |
| 3-bedroom | 2.88~% | ~2.9% | ~3% | ~3% |
| 4/5-bedroom | ~3.2% | ~2.8% | ~2.5% (2019 data) | ~2.9% (removing skewed data) |
Table: Approximate gross rental yields (annual rent as % of property value) for each unit type, comparing the initial period (around 2018, when Poiz was new and Sennett a couple of years old) versus the current yield based on 2025 values. Smaller units maintained or slightly improved their yields due to the rent surge, whereas larger units saw their yields stay flat or decline (especially for Sennett’s larger units).
As the table shows, investors in the smaller units at The Poiz Residences experienced steady rental yields over the 10 years. Sennett’s 1-bedroom units even experienced a yield improvement by 2025, as rental rates grew faster than resale prices in the later years. For the larger family-sized units, yields between both developments are fairly similar once the skewed penthouse data is excluded.
This aligns with a typical real estate pattern: compact units tend to achieve higher rental yields, and as they appreciate, rental growth often keeps pace or even outperforms. In this particular location, however, even the larger units saw rental increases that were well aligned with their capital appreciation, resulting in balanced performance across different unit sizes.
In summary, capital growth and rental yield are closely linked, and the performance of The Poiz Residences and Sennett Residence demonstrates this well. Strong capital appreciation in both developments did not come at the expense of rental returns—largely thanks to the exceptional rental surge in recent years, which in turn helped support and sustain resale prices.
As of 2025, both projects deliver healthy mid-3% rental yields for their smaller units, a respectable level in the Singapore market. The Poiz’s mixed-use nature and newer condition have likely bolstered tenant demand, helping rents remain strong even as prices increased. Meanwhile, Sennett Residence, despite its older age, saw rental rates catch up significantly, allowing its yields to stay competitive with those at Poiz.
Overall, the data shows that a well-located development can indeed “have its cake and eat it too”—enjoying solid price appreciation while still generating meaningful rental income. This balance is most evident in the more liquid, smaller units. For larger units, investors tend to rely more heavily on capital gains than rental yield—and in both developments, those long-term capital gains have been substantial.
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Conclusion
A decade after launch, The Poiz Residences has clearly established itself as a strong performer in both capital appreciation and rental demand. Prices have risen robustly across all unit types—particularly from 1BR to 3BR—outpacing nearby Sennett Residence, while still maintaining healthy rental yields of around 3–4%. Its integrated retail podium and direct MRT access have been major contributors to its sustained desirability, supporting both higher resale values and strong tenant demand.
Sennett Residence, serving as a useful resale benchmark, has also performed well. Despite being older, it enjoys the same strategic location and has achieved meaningful capital growth over the decade. Its rental rates similarly surged in recent years, helping yields improve. However, its yields generally remain slightly lower than Poiz’s due to its larger unit sizes and more spacious layouts, some of which include outdoor terraces.
For investors, both developments have delivered solid outcomes. Early buyers at The Poiz Residences enjoyed 20–60% capital gains, depending on unit type, without any compromise in rental income—a rare combination of strong appreciation and steady cash flow. Sennett Residence owners likewise saw healthy double-digit appreciation and rising rental income, though initial yields were somewhat lower and larger-unit owners relied more heavily on capital gains than rental returns. The comparison highlights a familiar pattern: smaller units produce steadier yields, while larger units deliver bigger price gains but lower rental returns.
This 10-year review reinforces several key lessons. Market dynamics, development design, and unit mix all play crucial roles in shaping long-term performance. The Poiz Residences stands out as an example of how mixed-use developments—paired with direct MRT access—can sustain both strong capital growth and rental appeal. Sennett Residence, meanwhile, shows that well-located older projects can still appreciate significantly when part of a rejuvenating district.
For homeowners and investors alike, both projects have proven to be sound investments. However, The Poiz Residences emerges as the more compelling choice overall due to its combination of growth and yield. Potong Pasir’s transformation over the past decade has lifted both developments, underscoring that well-chosen properties can appreciate steadily while also generating meaningful rental income.
Ultimately, a 10-year timeframe offers the clearest perspective on long-term performance. By assessing both price appreciation and rental yield, investors gain a more complete understanding of a development’s true investment potential.
Article contributed by Jerry Wong.
Jerry Wong is a realtor at Propnex Realty, bringing a rich background in interior and lighting design to his work. He loves exploring diverse spaces and observing the transformative power of real estate. Beyond his professional role, Jerry finds his greatest fulfillment in connecting people with the right properties, gaining immense satisfaction from helping clients achieve their dreams.
