We track 20 sales and 40 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MICHAELS' RESIDENCES dashboard.
- Average sale price: $3,555,344 across 20 transactions
- Estimated gross rental yield: 4.4%
- District 23 PSF ranking: Above average (top 42%)
- 99 yrs lease commencing from 2012 · OCR · D23 · 40 units
About MICHAELS' RESIDENCES
MICHAELS' RESIDENCES is a 99 yrs lease commencing from 2012 condominium, located at ALMOND AVENUE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by B+M AVENUE PTE LTD, comprising 40 residential units, completed in 2016.
With approximately 85 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
MICHAELS' RESIDENCES has recorded 20 sale transactions with an average transaction price of $3,555,344, ranging from $2,628,000 to $5,900,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,350 psf | $3,075,000 | — |
| 2022 | 7 | $1,407 psf | $3,629,555 | ↑ 4.2% |
| 2023 | 1 | $1,619 psf | $3,600,000 | ↑ 15.1% |
| 2025 | 4 | $1,522 psf | $4,375,000 | ↓ 6.0% |
MICHAELS' RESIDENCES ranks in the top 42% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, MICHAELS' RESIDENCES trades 8.6% below the segment benchmark.
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Rental Market Overview
MICHAELS' RESIDENCES has recorded 40 rental transactions with monthly rents averaging $12,915/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 40 | $12,915/mo | $8,000/mo | $28,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 12 | $10,375/mo |
| 2022 | 8 | $12,675/mo |
| 2023 | 6 | $13,583/mo |
| 2024 | 10 | $15,540/mo |
| 2025 | 3 | $12,667/mo |
| 2026 | 1 | $15,800/mo |
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Investment Analysis
Based on average rents and sale prices, MICHAELS' RESIDENCES delivers an estimated gross rental yield of 4.4%. This places it among the higher-yielding condos in Singapore.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows MICHAELS' RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MICHAELS'
- Pending MRT
- Cashew MRT
- Bangkit MRT
- Petir MRT
- Hillview MRT
- Bukit Panjang Government High School
- Pei Hwa Presbyterian Primary School
- Fajar Secondary School
Nearby MRT Stations
MICHAELS' RESIDENCES is 680m from Pending MRT (Bukit Panjang LRT), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Pending | BP8 | Bukit Panjang LRT | 680m |
| Cashew | DT2 | Downtown Line | 1.0 km |
| Bangkit | BP9 | Bukit Panjang LRT | 1.1 km |
| Petir | BP7 | Bukit Panjang LRT | 1.1 km |
| Hillview | DT3 | Downtown Line | 1.1 km |
| Bukit Panjang | DT1 | Downtown Line | 1.5 km |
| Bukit Panjang | BP6 | Bukit Panjang LRT | 1.5 km |
Nearby Schools
There are 8 schools within 2 km of MICHAELS' RESIDENCES.
| School | Type | Distance |
|---|---|---|
| Bukit Panjang Government High School | Secondary | 1.2 km |
| Pei Hwa Presbyterian Primary School | Primary | 1.2 km |
| Fajar Secondary School | Secondary | 1.4 km |
| Xishan Primary School | Primary | 1.4 km |
| Bukit Panjang Primary School | Primary | 1.5 km |
| Springdale Primary School | Primary | 1.5 km |
| Greenridge Secondary School | Secondary | 1.8 km |
| Zhenghua Primary School | Primary | 1.8 km |
FAQ
What is the average price for MICHAELS' RESIDENCES?
What is the rental yield for MICHAELS' RESIDENCES?
Is MICHAELS' RESIDENCES freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 20 transactions analysed
- Rental data: 40 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 MICHAELS' RESIDENCES
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