We track 2 sales and 9 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the OCEAN 8 dashboard.
- Average sale price: $6,750,000 across 2 transactions
- Estimated gross rental yield: 3.1%
- District 4 PSF ranking: Above average (top 46%)
- 99 yrs lease commencing from 2005 · CCR · D4 · 8 units
About OCEAN 8
OCEAN 8 is a 99 yrs lease commencing from 2005 condominium, located at OCEAN DRIVE in District 4 (Telok Blangah, Harbourfront) (Core Central Region), developed by IJM PROPERTIES SDN BHD (SINGAPORE BRANCH), comprising 8 residential units, completed in 2010.
With approximately 78 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
OCEAN 8 has recorded 2 sale transactions with an average transaction price of $6,750,000, ranging from $6,580,000 to $6,920,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,747 psf | $6,750,000 | — |
OCEAN 8 ranks in the top 46% of condos in District 4 by average PSF.
Compared to the CCR average of $2,447 psf, OCEAN 8 trades 28.6% below the segment benchmark.
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Rental Market Overview
OCEAN 8 has recorded 9 rental transactions with monthly rents averaging $17,156/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 9 | $17,156/mo | $12,500/mo | $22,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $13,750/mo |
| 2022 | 1 | $17,000/mo |
| 2023 | 3 | $20,633/mo |
| 2024 | 2 | $15,500/mo |
| 2025 | 1 | $17,000/mo |
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Investment Analysis
Based on average rents and sale prices, OCEAN 8 delivers an estimated gross rental yield of 3.1%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 4
Side-by-side comparison against the most actively traded condos in District 4 (Telok Blangah, Harbourfront):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | 99 yrs lease commencing from 2006 | 1129 | $1,736 psf | 365 |
| THE INTERLACE | 99 yrs lease commencing from 2009 | 1040 | $1,469 psf | 242 |
| CARIBBEAN AT KEPPEL BAY | 99 yrs lease commencing from 1999 | 969 | $1,764 psf | 209 |
| THE REEF AT KING'S DOCK | 99 yrs lease commencing from 2021 | 429 | $2,469 psf | 173 |
| CAPE ROYALE | 99 yrs lease commencing from 2008 | 302 | $2,220 psf | 116 |
Location Map
Map shows OCEAN 8 (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- OCEAN 8
FAQ
What is the average price for OCEAN 8?
What is the rental yield for OCEAN 8?
Is OCEAN 8 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: 2 transactions analysed
- Rental data: 9 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 OCEAN 8
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.