ICON @ PASIR PANJANG is a freehold development along PASIR PANJANG ROAD in District 5 (West Coast / Clementi), part of the RCR segment of Singapore's private residential market. The project comprises 18 units and is TOP 2018.
This profile draws on 5 recorded transactions from URA REALIS 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 8 years from TOP, ICON @ PASIR PANJANG is in the early-mature phase: facilities are well-broken-in, strata operations are stable, and pricing has been through one or two market cycles — making comparable-sales analysis meaningful.
Within District 5 (West Coast / Clementi), the immediate context for ICON @ PASIR PANJANG 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 5 sales and 60 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the ICON @ PASIR PANJANG dashboard.
- Average sale price: $1,054,978 across 5 transactions
- Estimated gross rental yield: 3.8%
- District 5 PSF ranking: Above average (top 46%)
- Freehold tenure · RCR · D5 · 18 units
About ICON @ PASIR PANJANG
ICON @ PASIR PANJANG is a freehold condominium, located at PASIR PANJANG ROAD in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) (Rest of Central Region), developed by FRAGRANCE REALTY PTE LTD, comprising 18 residential units, completed in 2018.
As a freehold property, ICON @ PASIR PANJANG does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at ICON @ PASIR PANJANG:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 1 | $1,836 psf | $830,000 |
| 1 BR | 2 | $1,608 psf | $943,444 |
| 2 BR | 1 | $1,303 psf | $1,108,000 |
| 3 BR | 1 | $1,403 psf | $1,450,000 |
Sales Market Overview
ICON @ PASIR PANJANG has recorded 5 sale transactions with an average transaction price of $1,054,978, ranging from $830,000 to $1,450,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2023 | 3 | $1,438 psf | $1,175,629 | — |
| 2024 | 1 | $1,836 psf | $830,000 | ↑ 27.7% |
| 2025 | 1 | $1,609 psf | $918,000 | ↓ 12.4% |
ICON @ PASIR PANJANG ranks in the top 46% of condos in District 5 by average PSF.
Compared to the RCR average of $2,047 psf, ICON @ PASIR PANJANG trades 24.2% below the segment benchmark.
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Rental Market Overview
ICON @ PASIR PANJANG has recorded 60 rental transactions with monthly rents averaging $3,303/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 7 | $2,657/mo | $2,100/mo | $3,200/mo |
| 2 BR | 42 | $3,044/mo | $2,100/mo | $4,400/mo |
| 3 BR | 7 | $3,900/mo | $3,000/mo | $5,000/mo |
| 5+ BR | 4 | $6,100/mo | $5,100/mo | $7,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 14 | $2,782/mo |
| 2022 | 12 | $2,975/mo |
| 2023 | 11 | $3,882/mo |
| 2024 | 9 | $3,144/mo |
| 2025 | 13 | $3,792/mo |
| 2026 | 1 | $3,200/mo |
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Investment Analysis
Based on average rents and sale prices, ICON @ PASIR PANJANG delivers an estimated gross rental yield of 3.8%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 5
Side-by-side comparison against the most actively traded condos in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | 156 | $1,842 psf | 5979 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | 1840 | $1,866 psf | 1413 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | 1450 | $1,888 psf | 1396 |
| ELTA | 99 yrs lease commencing from 2024 | 501 | $2,556 psf | 399 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | 399 | $2,158 psf | 380 |
Location Map
Map shows ICON @ PASIR PANJANG (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- ICON @ PASIR PANJANG
- Haw Par Villa MRT
- Pasir Panjang MRT
- Dulwich College (Singapore)
Nearby MRT Stations
ICON @ PASIR PANJANG is 530m from Haw Par Villa MRT (Circle Line), with 2 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Haw Par Villa | CC25 | Circle Line | 530m |
| Pasir Panjang | CC26 | Circle Line | 700m |
Nearby Schools
There are 1 schools within 2 km of ICON @ PASIR PANJANG.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.4 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. Haw Par Villa is about 0.53km — 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 18 units, ICON @ PASIR PANJANG 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. Dulwich College (Singapore) sits about 1.44km 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 5 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.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: ICON @ PASIR PANJANG 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. 5 transactions in URA REALIS 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 ICON @ PASIR PANJANG?
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Is ICON @ PASIR PANJANG freehold or leasehold?
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions analysed
- Rental data: 60 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 ICON @ PASIR PANJANG
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.