SAVOY PARK is a freehold development along ENG KONG DRIVE in District 21 (Clementi Park / Upper Bukit Timah), part of the RCR segment of Singapore's private residential market. The project comprises 55 units and is TOP 1996.
This profile draws on 6 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.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 21 (Clementi Park / Upper Bukit Timah), the immediate context for SAVOY PARK 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 6 sales and 21 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SAVOY PARK dashboard.
- Average sale price: $4,180,648 across 6 transactions
- Estimated gross rental yield: 1.9%
- District 21 PSF ranking: Above average (top 47%)
- Freehold tenure · RCR · D21 · 55 units
About SAVOY PARK
SAVOY PARK is a freehold condominium, located at ENG KONG DRIVE in District 21 (Upper Bukit Timah, Ulu Pandan, Clementi Park) (Rest of Central Region), developed by CITY DEVELOPMENTS LTD, comprising 55 residential units, completed in 1996.
As a freehold property, SAVOY PARK does not face lease decay concerns.
Sales Market Overview
SAVOY PARK has recorded 6 sale transactions with an average transaction price of $4,180,648, ranging from $3,480,000 to $5,200,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,178 psf | $3,522,500 | — |
| 2023 | 2 | $1,521 psf | $4,844,444 | ↑ 29.1% |
| 2024 | 1 | $2,046 psf | $4,050,000 | ↑ 34.6% |
| 2025 | 1 | $2,086 psf | $4,300,000 | ↑ 2.0% |
SAVOY PARK ranks in the top 47% of condos in District 21 by average PSF.
Compared to the RCR average of $2,047 psf, SAVOY PARK trades 22.4% below the segment benchmark.
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Rental Market Overview
SAVOY PARK has recorded 21 rental transactions with monthly rents averaging $6,652/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 21 | $6,652/mo | $4,500/mo | $9,300/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 3 | $4,600/mo |
| 2022 | 6 | $6,517/mo |
| 2023 | 2 | $6,550/mo |
| 2024 | 5 | $7,300/mo |
| 2025 | 4 | $7,175/mo |
| 2026 | 1 | $8,500/mo |
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Investment Analysis
Based on average rents and sale prices, SAVOY PARK delivers an estimated gross rental yield of 1.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 21
Side-by-side comparison against the most actively traded condos in District 21 (Upper Bukit Timah, Ulu Pandan, Clementi Park):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE RESERVE RESIDENCES | 99 yrs lease commencing from 2021 | 892 | $2,494 psf | 722 |
| NAVA GROVE | 99 yrs lease commencing from 2024 | 552 | $2,489 psf | 541 |
| PINETREE HILL | 99 yrs lease commencing from 2022 | 520 | $2,486 psf | 519 |
| KI RESIDENCES AT BROOKVALE | 999 yrs lease commencing from 1885 | 660 | $1,955 psf | 481 |
| FORETT@BUKIT TIMAH | Freehold | 633 | $2,130 psf | 357 |
Location Map
Map shows SAVOY PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SAVOY PARK
- Beauty World MRT
- Ngee Ann Polytechnic
- Singapore University of Social Sciences
- Anglo-Chinese Junior College
Nearby MRT Stations
SAVOY PARK is 1.4 km from Beauty World MRT (Downtown Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Beauty World | DT5 | Downtown Line | 1.4 km |
Nearby Schools
There are 10 schools within 2 km of SAVOY PARK, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Ngee Ann Polytechnic | Tertiary | 970m |
| Singapore University of Social Sciences | Tertiary | 1.1 km |
| Anglo-Chinese Junior College | Jc | 1.2 km |
| Henry Park Primary School | Primary | 1.2 km |
| Nan Hua High School | Secondary | 1.2 km |
| One World International School (Nanyang) | International | 1.4 km |
| Nan Hua Primary School | Primary | 1.5 km |
| Pei Tong Primary School | Primary | 1.6 km |
| Clementi Primary School | Primary | 1.9 km |
| Australian International School | International | 2.0 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Boutique character. With 55 units, SAVOY PARK keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Ngee Ann Polytechnic sits about 0.97km 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 1.37km 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.
Thin transaction history. With only 6 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
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": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"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": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: SAVOY PARK 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. 6 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 SAVOY PARK?
What is the rental yield for SAVOY PARK?
Is SAVOY PARK freehold or leasehold?
How far is the nearest MRT from SAVOY PARK?
What is the tenure of SAVOY PARK?
How does SAVOY PARK compare to other projects in the district?
What stamp duty applies for a foreign buyer of SAVOY PARK?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 6 transactions analysed
- Rental data: 21 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 SAVOY PARK
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.