BOON TECK APARTMENTS is a freehold development along BOON TECK ROAD in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 24 units and is TOP 1991.
This profile draws on 3 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 12 (Toa Payoh / Balestier), the immediate context for BOON TECK APARTMENTS is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 3 sales and 10 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the BOON TECK APARTMENTS dashboard.
- Average sale price: $1,573,333 across 3 transactions
- Estimated gross rental yield: 3.2%
- District 12 PSF ranking: Value tier (top 89%)
- Freehold tenure · RCR · D12 · 24 units
About BOON TECK APARTMENTS
BOON TECK APARTMENTS is a freehold condominium, located at BOON TECK ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by GOH & GOH PTE LTD, comprising 24 residential units, completed in 1991.
As a freehold property, BOON TECK APARTMENTS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at BOON TECK APARTMENTS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 2 | $1,228 psf | $1,520,000 |
| 4 BR | 1 | $1,131 psf | $1,680,000 |
Sales Market Overview
BOON TECK APARTMENTS has recorded 3 sale transactions with an average transaction price of $1,573,333, ranging from $1,510,000 to $1,680,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,131 psf | $1,680,000 | — |
| 2023 | 2 | $1,228 psf | $1,520,000 | ↑ 8.6% |
BOON TECK APARTMENTS ranks in the top 89% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, BOON TECK APARTMENTS trades 41.7% below the segment benchmark.
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Rental Market Overview
BOON TECK APARTMENTS has recorded 10 rental transactions with monthly rents averaging $4,220/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 10 | $4,220/mo | $3,700/mo | $4,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 4 | $4,125/mo |
| 2024 | 2 | $4,250/mo |
| 2025 | 3 | $4,367/mo |
| 2026 | 1 | $4,100/mo |
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Investment Analysis
Based on average rents and sale prices, BOON TECK APARTMENTS delivers an estimated gross rental yield of 3.2%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,645 psf | 306 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows BOON TECK APARTMENTS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- BOON TECK APARTMENTS
- Toa Payoh MRT
- Novena MRT
- Beatty Secondary School
- CHIJ Secondary (Toa Payoh)
- School of Science and Technology
Nearby MRT Stations
BOON TECK APARTMENTS is 730m from Toa Payoh MRT (North-South Line), with 2 stations within 1.5 km.
Nearby Schools
There are 22 schools within 2 km of BOON TECK APARTMENTS, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Beatty Secondary School | Secondary | 470m |
| CHIJ Secondary (Toa Payoh) | Secondary | 640m |
| School of Science and Technology | Jc | 640m |
| Balestier Hill Primary School | Primary | 900m |
| CHIJ Our Lady Queen of Peace | Primary | 950m |
| Pei Chun Public School | Primary | 1.3 km |
| De La Salle School | Primary | 1.4 km |
| Manjusri Secondary School | Secondary | 1.4 km |
| First Toa Payoh Primary School | Primary | 1.4 km |
| New Town Primary School | Primary | 1.4 km |
| Bendemeer Primary School | Primary | 1.5 km |
| Stamford Primary School | Primary | 1.6 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Toa Payoh is about 0.73km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 24 units, BOON TECK APARTMENTS keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Beatty Secondary School sits about 0.47km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 3 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: BOON TECK APARTMENTS combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 3 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for BOON TECK APARTMENTS?
What is the rental yield for BOON TECK APARTMENTS?
Is BOON TECK APARTMENTS freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 3 transactions analysed
- Rental data: 10 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for BOON TECK APARTMENTS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 438 condo transactions recorded in District 12 over the last 12 months, 87% resale, 13% new sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 12 reads 136.8 as of May 2026 — down 6.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 12 could add roughly 335 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Lorong 1 Toa Payoh | — | ~335 | Confirmed | Available |
HDB Alternatives Nearby
Weighing BOON TECK APARTMENTS against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (150m away), an upgrader gap of about $700,000
- Toa Payoh — 4-room average $929,793 (490m away), an upgrader gap of about $650,000
- Bishan — 4-room average $791,445 (1.9 km away), an upgrader gap of about $800,000