CRAIG PLACE is a 70-year balance leasehold development along CRAIG ROAD in District 2 (CBD (Tanjong Pagar, Anson)), part of the RCR segment of Singapore's private residential market. The project comprises 58 units and is TOP 2003.
This profile draws on 13 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.
At roughly 23 years from TOP, CRAIG PLACE is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 2 (CBD (Tanjong Pagar, Anson)), the immediate context for CRAIG PLACE 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 13 sales and 125 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the CRAIG PLACE dashboard.
- Average sale price: $1,247,292 across 13 transactions
- Estimated gross rental yield: 3.7%
- District 2 PSF ranking: Value tier (top 77%)
- 99 yrs lease commencing from 1997 · RCR · D2 · 58 units
About CRAIG PLACE
CRAIG PLACE is a 99 yrs lease commencing from 1997 condominium, located at CRAIG ROAD in District 2 (Anson, Tanjong Pagar) (Rest of Central Region), developed by GUTHRIE PROPERTIES INVESTMENTS (S) PTE LTD & ASIA LIFE ASSURANCE SOCIETY LTD, comprising 58 residential units, completed in 2003.
With approximately 70 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at CRAIG PLACE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 7 | $1,968 psf | $1,136,400 |
| 2 BR | 5 | $1,867 psf | $1,422,000 |
| 3 BR | 1 | $1,149 psf | $1,150,000 |
Sales Market Overview
CRAIG PLACE has recorded 13 sale transactions with an average transaction price of $1,247,292, ranging from $1,020,000 to $1,580,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,483 psf | $1,250,000 | — |
| 2022 | 3 | $1,757 psf | $1,270,000 | ↑ 18.5% |
| 2023 | 2 | $2,193 psf | $1,319,400 | ↑ 24.8% |
| 2024 | 4 | $1,896 psf | $1,151,500 | ↓ 13.5% |
| 2025 | 2 | $2,026 psf | $1,330,000 | ↑ 6.9% |
CRAIG PLACE ranks in the top 77% of condos in District 2 by average PSF.
Compared to the RCR average of $2,049 psf, CRAIG PLACE trades 8.9% below the segment benchmark.
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Rental Market Overview
CRAIG PLACE has recorded 125 rental transactions with monthly rents averaging $3,853/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 88 | $3,671/mo | $2,400/mo | $6,250/mo |
| 2 BR | 37 | $4,285/mo | $2,800/mo | $5,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 33 | $3,064/mo |
| 2022 | 15 | $3,680/mo |
| 2023 | 26 | $4,146/mo |
| 2024 | 16 | $4,369/mo |
| 2025 | 26 | $4,196/mo |
| 2026 | 9 | $4,278/mo |
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Investment Analysis
Based on average rents and sale prices, CRAIG PLACE delivers an estimated gross rental yield of 3.7%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 2
Side-by-side comparison against the most actively traded condos in District 2 (Anson, Tanjong Pagar):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE BERNAM | 99 yrs lease commencing from 2019 | 364 | $2,587 psf | 357 |
| NEWPORT RESIDENCES | Freehold | 487 | $3,129 psf | 192 |
| ICON | 99 yrs lease commencing from 2002 | 646 | $1,790 psf | 144 |
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | 360 | $2,230 psf | 96 |
| SKY EVERTON | Freehold | 262 | $2,800 psf | 75 |
Location Map
Map shows CRAIG PLACE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- CRAIG PLACE
- Maxwell MRT
- Outram Park MRT
- Outram Park MRT
- Outram Park MRT
- Tanjong Pagar MRT
- Cantonment Primary School
- Outram Secondary School
- Fairfield Methodist School (Primary)
Nearby MRT Stations
CRAIG PLACE is 350m from Maxwell MRT (Thomson-East Coast Line), with 19 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Maxwell | TE18 | Thomson-East Coast Line | 350m |
| Outram Park | EW16 | East-West Line | 430m |
| Outram Park | NE3 | North-East Line | 430m |
| Outram Park | TE17 | Thomson-East Coast Line | 430m |
| Tanjong Pagar | EW15 | East-West Line | 510m |
| Shenton Way | TE19 | Thomson-East Coast Line | 640m |
| Prince Edward Road | CC32 | Circle Line | 690m |
| Chinatown | NE4 | North-East Line | 790m |
Nearby Schools
There are 3 schools within 2 km of CRAIG PLACE, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | Primary | 940m |
| Outram Secondary School | Secondary | 980m |
| Fairfield Methodist School (Primary) | Primary | 1.8 km |
Adequate lease horizon. Around 70 years of remaining lease keeps CPF eligibility intact and supports standard 30-year loan tenor for most buyer profiles. Within a 5-10 year hold, lease-decay effects are negligible; beyond that, monitor the year-60 threshold for CPF usage caps.
Genuine walk-to-MRT access. Maxwell sits about 0.35km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 58 units, CRAIG PLACE 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. Cantonment Primary School sits about 0.94km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Lease tenor below 75 years. With roughly 70 years remaining, CPF usage starts to be capped (the 95-year rule reduces utilisation as lease decays), and bank loan tenor compresses correspondingly. The resale buyer pool narrows toward older buyers with shorter horizons.
Thin transaction history. With only 13 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.
- ⚠️ Young couple, first home: Lease horizon constrains long-hold optionality
- ✅ 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): Plan exit timing around lease-decay thresholds
Composite assessment: CRAIG PLACE benefits from MRT proximity but the lease horizon or district position requires careful exit-timing planning. Active management of the hold matters more than passive accumulation. 13 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 5-8 years with monitored exit windows. 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 CRAIG PLACE?
What is the rental yield for CRAIG PLACE?
Is CRAIG PLACE 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: 13 transactions analysed
- Rental data: 125 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 CRAIG PLACE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 342 condo transactions recorded in District 2 over the last 12 months, 58% new sale, 41% resale, 1% sub 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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HDB Alternatives Nearby
Weighing CRAIG PLACE against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (100m away), an upgrader gap of about $150,000
- Bukit Merah — 4-room average $894,787 (250m away), an upgrader gap of about $350,000