We track 31 sales and 254 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the OCEAN PARK dashboard.
- Average sale price: $3,703,968 across 31 transactions
- Estimated gross rental yield: 2.1%
- District 15 PSF ranking: Above average (top 28%)
- Freehold tenure · OCR · D15 · 298 units
About OCEAN PARK
OCEAN PARK is a freehold condominium, located at EAST COAST ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by PRIMELANDS PTE LTD (KECK SENG & KUOK'S), comprising 298 residential units, completed in 1983.
As a freehold property, OCEAN PARK does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at OCEAN PARK:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 2 | $2,092 psf | $2,725,000 |
| 4 BR | 4 | $1,818 psf | $2,990,000 |
| 5+ BR | 25 | $1,727 psf | $3,896,520 |
Sales Market Overview
OCEAN PARK has recorded 31 sale transactions with an average transaction price of $3,703,968, ranging from $2,260,000 to $5,680,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,587 psf | $3,160,000 | — |
| 2022 | 1 | $1,683 psf | $3,550,000 | ↑ 6.0% |
| 2023 | 10 | $1,716 psf | $3,548,000 | ↑ 2.0% |
| 2024 | 5 | $1,838 psf | $4,675,000 | ↑ 7.2% |
| 2025 | 6 | $1,976 psf | $3,798,000 | ↑ 7.5% |
| 2026 | 1 | $2,062 psf | $4,350,000 | ↑ 4.4% |
OCEAN PARK ranks in the top 28% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, OCEAN PARK trades 13.7% above the segment benchmark.
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Rental Market Overview
OCEAN PARK has recorded 254 rental transactions with monthly rents averaging $6,603/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 254 | $6,603/mo | $3,100/mo | $11,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 38 | $5,017/mo |
| 2022 | 57 | $5,859/mo |
| 2023 | 47 | $7,289/mo |
| 2024 | 43 | $6,863/mo |
| 2025 | 51 | $7,427/mo |
| 2026 | 18 | $7,553/mo |
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Investment Analysis
Based on average rents and sale prices, OCEAN PARK delivers an estimated gross rental yield of 2.1%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows OCEAN PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- OCEAN PARK
- Marine Terrace MRT
- Siglap MRT
- Kembangan MRT
- Chung Cheng High School (Main)
- Telok Kurau Primary School
- East Coast Primary School
Nearby MRT Stations
OCEAN PARK is 630m from Marine Terrace MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Terrace | TE27 | Thomson-East Coast Line | 630m |
| Siglap | TE28 | Thomson-East Coast Line | 880m |
| Kembangan | EW6 | East-West Line | 1.5 km |
Nearby Schools
There are 10 schools within 2 km of OCEAN PARK, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Chung Cheng High School (Main) | Secondary | 550m |
| Telok Kurau Primary School | Primary | 710m |
| East Coast Primary School | Primary | 730m |
| Global Indian International School (GIIS East Coast) | International | 740m |
| Victoria School | Secondary | 1.5 km |
| Victoria Junior College | Jc | 1.5 km |
| Temasek Junior College | Jc | 1.9 km |
| Canadian International School (Tanjong Katong) | International | 2.0 km |
| Tanjong Katong Girls' School | Secondary | 2.0 km |
| Temasek Primary School | Primary | 2.0 km |
FAQ
What is the average price for OCEAN PARK?
What is the rental yield for OCEAN PARK?
Is OCEAN PARK 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: 31 transactions analysed
- Rental data: 254 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 PARK
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.