How the PI Score works
The PI Score is a single 0–100 verdict on whether a Singapore condo is a good or bad buy. It rates 9 categories, from capital appreciation and resale profit to rental demand, location, entry price and risk, against real market data rather than marketing copy, and reports the points earned as a share of the points available. Every score maps to one of five plain-English tiers.
The five verdict tiers
- Damn Huat! (90–100): Exceptional — location, pricing and exit prospects all line up.
- Solid Choice! (70–89): Strong on the fundamentals, with only minor trade-offs.
- Good (50–69): A sound buy with a couple of things to watch.
- Conditional Buy (31–49): Works only at the right price, or for the right kind of buyer.
- Happy Can Liao (0–30): Weak on the numbers — buy with your eyes open.
What goes into the score
Each condo is scored on 9 categories, each with a fixed maximum (90 points in all). The PI Score is the points earned divided by the points available, as a 0–100 number; a category with no data is left out rather than counted as zero. For projects with a resale track record these are computed live from transactions; for new launches they are graded against the launch-vs-resale price gap, nudged by sales take-up and by land replacement cost: when newer land within 2km (at a similar plot ratio, sold in the last 24 months) has cleared above what the launch paid for its site, it is priced below what its future neighbours must charge to break even, and scores up to 6 points higher — or lower, when nearby land has since got cheaper. Land prices are URA Government Land Sales awards plus the en bloc behind a tracked launch.
- Capital Appreciation (up to 20 points): price growth over a 5–10 year hold, from the project’s resale record.
- Profitable Transactions (up to 10 points): the share of resales that sold at a profit.
- Average Capital Gain (up to 15 points): the size of a typical owner’s gain on resale.
- Liquidity (up to 10 points): how often units change hands and how deep the resale market is.
- Rental Demand (up to 10 points): tenant demand and the rent a unit can achieve.
- Location & Amenities (up to 10 points): MRT access, amenities and schools nearby.
- Entry Affordability (up to 5 points): the entry price against comparable condos nearby.
- Future Growth (up to 5 points): planned catalysts such as new MRT lines, URA Master Plan areas and regeneration.
- Risk (up to 5 points): higher is safer: lease decay, oversupply, a small development or a thin upgrader pool.
Where the data comes from
- URA private residential transaction caveats — the basis for PSF, price gaps and rental yields.
- HDB resale prices from data.gov.sg — benchmarks and the upgrader demand pool.
- OneMap (Singapore Land Authority) — MRT exits, schools and geolocation.
- Property-portal listings — active-listing counts and days-on-market (AI-estimated, indicative).
How to read a verdict
The PI Score is a research tool, not financial advice or a valuation. A high score is not a recommendation to buy, and a low score is not a verdict that a home is bad for you — it flags where the numbers are weak so you can look closer. Descriptive fields such as the developer name and indicative PSF are shown for context and do not move the score. Always verify on the ground and take independent advice before transacting.