We track 19 sales and 68 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the RAFFLES PARK dashboard.
- Average sale price: $21,335,205 across 19 transactions
- Estimated gross rental yield: 1.0%
- District 11 PSF ranking: Premium tier (top 20%)
- Freehold tenure · CCR · D11
About RAFFLES PARK
RAFFLES PARK is a freehold condominium, located at ASH GROVE in District 11 (Watten Estate, Novena, Thomson) (Core Central Region).
As a freehold property, RAFFLES PARK does not face lease decay concerns.
Sales Market Overview
RAFFLES PARK has recorded 19 sale transactions with an average transaction price of $21,335,205, ranging from $7,500,000 to $29,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $1,928 psf | $20,417,222 | — |
| 2022 | 11 | $2,331 psf | $21,381,818 | ↑ 20.9% |
| 2023 | 2 | $2,203 psf | $24,650,000 | ↓ 5.5% |
| 2024 | 1 | $1,977 psf | $20,000,000 | ↓ 10.3% |
| 2026 | 1 | $2,319 psf | $19,200,000 | ↑ 17.3% |
RAFFLES PARK ranks in the top 20% of condos in District 11 by average PSF.
Compared to the CCR average of $2,447 psf, RAFFLES PARK trades 9.5% below the segment benchmark.
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Rental Market Overview
RAFFLES PARK has recorded 68 rental transactions with monthly rents averaging $17,588/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 68 | $17,588/mo | $7,750/mo | $80,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 16 | $13,025/mo |
| 2022 | 12 | $23,196/mo |
| 2023 | 14 | $18,896/mo |
| 2024 | 12 | $16,358/mo |
| 2025 | 10 | $17,325/mo |
| 2026 | 4 | $18,775/mo |
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Investment Analysis
Based on average rents and sale prices, RAFFLES PARK delivers an estimated gross rental yield of 1.0%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 11
Side-by-side comparison against the most actively traded condos in District 11 (Watten Estate, Novena, Thomson):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PULLMAN RESIDENCES NEWTON | Freehold | 340 | $3,074 psf | 288 |
| WATTEN HOUSE | Freehold | 180 | $3,236 psf | 179 |
| SOLEIL @ SINARAN | 99 yrs lease commencing from 2006 | 417 | $1,974 psf | 93 |
| PEAK RESIDENCE | Freehold | 90 | $2,489 psf | 90 |
| AMARYLLIS VILLE | 99 yrs lease commencing from 1997 | 311 | $1,903 psf | 72 |
Location Map
Map shows RAFFLES PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- RAFFLES PARK
- Sixth Avenue MRT
- Tan Kah Kee MRT
- Chatsworth International School (Bukit Timah)
- National Junior College
- National Junior College
Nearby MRT Stations
RAFFLES PARK is 700m from Sixth Avenue MRT (Downtown Line), with 2 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Sixth Avenue | DT7 | Downtown Line | 700m |
| Tan Kah Kee | DT8 | Downtown Line | 880m |
Nearby Schools
There are 11 schools within 2 km of RAFFLES PARK, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Chatsworth International School (Bukit Timah) | International | 450m |
| National Junior College | Secondary | 750m |
| National Junior College | Jc | 750m |
| Hollandse School | International | 860m |
| Lycee Francais de Singapour | International | 900m |
| Hwa Chong International School | International | 1.3 km |
| Hwa Chong Institution | Secondary | 1.3 km |
| Hwa Chong Institution (JC) | Jc | 1.3 km |
| German European School Singapore | International | 1.5 km |
| SJI International School | International | 1.7 km |
| Raffles Girls' Primary School | Primary | 1.9 km |
FAQ
What is the average price for RAFFLES PARK?
What is the rental yield for RAFFLES PARK?
Is RAFFLES 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: 19 transactions analysed
- Rental data: 68 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 RAFFLES PARK
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.