MONTEREY PARK CONDOMINIUM is a 79-year balance leasehold development along WEST COAST RISE in District 5 (West Coast / Clementi), part of the OCR segment of Singapore's private residential market. The project comprises 280 units and is TOP 2006.
This profile draws on 27 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 20 years from TOP, MONTEREY PARK CONDOMINIUM 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 5 (West Coast / Clementi), the immediate context for MONTEREY PARK CONDOMINIUM 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 27 sales and 209 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MONTEREY PARK CONDOMINIUM dashboard.
- Average sale price: $2,258,213 across 27 transactions
- Estimated gross rental yield: 2.6%
- District 5 PSF ranking: Above average (top 48%)
- 999 yrs lease commencing from 1885 · OCR · D5 · 280 units
About MONTEREY PARK CONDOMINIUM
MONTEREY PARK CONDOMINIUM is a 999 yrs lease commencing from 1885 condominium, located at WEST COAST RISE in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) (Outside Central Region), developed by CITY DEVELOPMENTS LIMITED, comprising 280 residential units, completed in 2006.
With approximately 79 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 MONTEREY PARK CONDOMINIUM:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 4 | $1,580 psf | $2,032,500 |
| 4 BR | 21 | $1,560 psf | $2,264,940 |
| 5+ BR | 2 | $1,284 psf | $2,639,000 |
Sales Market Overview
MONTEREY PARK CONDOMINIUM has recorded 27 sale transactions with an average transaction price of $2,258,213, ranging from $1,710,000 to $2,678,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,364 psf | $2,172,000 | — |
| 2022 | 7 | $1,423 psf | $2,062,407 | ↑ 4.3% |
| 2023 | 5 | $1,560 psf | $2,283,600 | ↑ 9.6% |
| 2024 | 5 | $1,661 psf | $2,335,778 | ↑ 6.5% |
| 2025 | 4 | $1,736 psf | $2,504,500 | ↑ 4.5% |
| 2026 | 1 | $1,802 psf | $2,560,000 | ↑ 3.8% |
MONTEREY PARK CONDOMINIUM ranks in the top 48% of condos in District 5 by average PSF.
Compared to the OCR average of $1,550 psf, MONTEREY PARK CONDOMINIUM trades 0.5% below the segment benchmark.
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Rental Market Overview
MONTEREY PARK CONDOMINIUM has recorded 209 rental transactions with monthly rents averaging $4,863/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 34 | $3,718/mo | $2,500/mo | $4,600/mo |
| 3 BR | 127 | $4,858/mo | $3,000/mo | $7,000/mo |
| 4 BR | 48 | $5,684/mo | $4,100/mo | $7,300/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 34 | $3,784/mo |
| 2022 | 42 | $4,621/mo |
| 2023 | 38 | $5,203/mo |
| 2024 | 45 | $5,217/mo |
| 2025 | 40 | $5,196/mo |
| 2026 | 10 | $5,320/mo |
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Investment Analysis
Based on average rents and sale prices, MONTEREY PARK CONDOMINIUM delivers an estimated gross rental yield of 2.6%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 MONTEREY PARK CONDOMINIUM (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MONTEREY PARK CONDOMINIUM
- Clementi MRT
- Qifa Primary School
- One World International School (Nanyang)
- Nan Hua Primary School
Nearby MRT Stations
MONTEREY PARK CONDOMINIUM is 1.4 km from Clementi MRT (East-West Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Clementi | EW23 | East-West Line | 1.4 km |
Nearby Schools
There are 7 schools within 2 km of MONTEREY PARK CONDOMINIUM, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Qifa Primary School | Primary | 80m |
| One World International School (Nanyang) | International | 1.0 km |
| Nan Hua Primary School | Primary | 1.1 km |
| Clementi Town Secondary School | Secondary | 1.2 km |
| Nan Hua High School | Secondary | 1.2 km |
| Clementi Primary School | Primary | 1.5 km |
| Pei Tong Primary School | Primary | 1.9 km |
Adequate lease horizon. Around 79 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.
Solid facilities scale. 280 units is large enough to support pool, gym, function rooms, and BBQ pavilions without the booking-pressure issues that smaller boutique developments face. Per-unit maintenance is in a manageable band.
School-belt proximity. Qifa Primary School sits about 0.08km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
MRT is a commute, not a walk. The nearest station is 1.41km away — beyond the 10-minute walking threshold for most tenants. Capital appreciation will track the broader district trend without the MRT-proximity premium. Bus / own-vehicle commuters dominate the catchment.
Lease-decay clock to monitor. Remaining lease is comfortably above critical CPF thresholds but already in the band where 10-15 year holds materially compress the next buyer's CPF eligibility. Plan exit timing with this in mind rather than assuming open-ended hold optionality.
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": "amber",
"reason": "Lease horizon constrains long-hold optionality"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "amber",
"reason": "Bus or own-vehicle commute likely required"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "Verify tenant-pool depth in immediate catchment"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "amber",
"reason": "Plan exit timing around lease-decay thresholds"
}
]
Composite assessment: MONTEREY PARK CONDOMINIUM sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 27 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. 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 MONTEREY PARK CONDOMINIUM?
What is the rental yield for MONTEREY PARK CONDOMINIUM?
Is MONTEREY PARK CONDOMINIUM freehold or leasehold?
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What is the tenure of MONTEREY PARK CONDOMINIUM?
How does MONTEREY PARK CONDOMINIUM compare to other projects in the district?
What stamp duty applies for a foreign buyer of MONTEREY PARK CONDOMINIUM?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 27 transactions analysed
- Rental data: 209 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 MONTEREY PARK CONDOMINIUM
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.