We track 76 sales and 127 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SELETAR SPRINGS CONDOMINIUM dashboard.
- Average sale price: $1,319,564 across 76 transactions
- Estimated gross rental yield: 3.2%
- District 28 PSF ranking: Value tier (top 93%)
- 99 yrs lease commencing from 1997 · OCR · D28 · 364 units
About SELETAR SPRINGS CONDOMINIUM
SELETAR SPRINGS CONDOMINIUM is a 99 yrs lease commencing from 1997 condominium, located at GERALD DRIVE in District 28 (Seletar) (Outside Central Region), developed by MCL LAND (SELETAR SPRINGS) PTE LTD, comprising 364 residential units, completed in 2001.
With approximately 70 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 SELETAR SPRINGS CONDOMINIUM:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $832 psf | $788,000 |
| 3 BR | 48 | $950 psf | $1,149,333 |
| 4 BR | 17 | $925 psf | $1,435,412 |
| 5+ BR | 10 | $964 psf | $1,992,889 |
Sales Market Overview
SELETAR SPRINGS CONDOMINIUM has recorded 76 sale transactions with an average transaction price of $1,319,564, ranging from $750,000 to $2,200,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 15 | $803 psf | $1,034,733 | — |
| 2022 | 16 | $882 psf | $1,274,500 | ↑ 9.8% |
| 2023 | 15 | $975 psf | $1,396,867 | ↑ 10.5% |
| 2024 | 13 | $1,006 psf | $1,415,077 | ↑ 3.2% |
| 2025 | 13 | $1,056 psf | $1,473,453 | ↑ 5.0% |
| 2026 | 4 | $1,048 psf | $1,467,500 | ↓ 0.8% |
SELETAR SPRINGS CONDOMINIUM ranks in the top 93% of condos in District 28 by average PSF.
Compared to the OCR average of $1,550 psf, SELETAR SPRINGS CONDOMINIUM trades 39.1% below the segment benchmark.
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Rental Market Overview
SELETAR SPRINGS CONDOMINIUM has recorded 127 rental transactions with monthly rents averaging $3,564/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 3 | $2,833/mo | $2,100/mo | $3,300/mo |
| 2 BR | 63 | $3,104/mo | $2,000/mo | $5,000/mo |
| 3 BR | 47 | $3,791/mo | $2,150/mo | $5,500/mo |
| 4 BR | 14 | $5,029/mo | $3,900/mo | $5,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 22 | $2,700/mo |
| 2022 | 28 | $3,404/mo |
| 2023 | 21 | $3,910/mo |
| 2024 | 25 | $3,856/mo |
| 2025 | 22 | $3,864/mo |
| 2026 | 9 | $3,828/mo |
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Investment Analysis
Based on average rents and sale prices, SELETAR SPRINGS CONDOMINIUM delivers an estimated gross rental yield of 3.2%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 28
Side-by-side comparison against the most actively traded condos in District 28 (Seletar):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PARC GREENWICH | 99 yrs lease commencing from 2020 | 496 | $1,234 psf | 496 |
| HIGH PARK RESIDENCES | 99 yrs lease commencing from 2014 | 1376 | $1,482 psf | 407 |
| THE TOPIARY | 99 yrs lease commencing from 2012 | 700 | $1,223 psf | 401 |
| PARC BOTANNIA | 99 yrs lease commencing from 2016 | 735 | $1,592 psf | 206 |
| SELETAR HILLS ESTATE | 999 yrs lease commencing from 1879 | — | $1,495 psf | 195 |
Location Map
Map shows SELETAR SPRINGS CONDOMINIUM (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SELETAR SPRINGS CONDOMINIUM
- Fernvale MRT
- Layar MRT
- Tongkang MRT
- Thanggam MRT
- Kupang MRT
- North Vista Primary School
- North Vista Secondary School
- Fernvale Primary School
Nearby MRT Stations
SELETAR SPRINGS CONDOMINIUM is 530m from Fernvale MRT (Sengkang LRT), with 6 stations within 1.5 km.
Nearby Schools
There are 13 schools within 2 km of SELETAR SPRINGS CONDOMINIUM, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| North Vista Primary School | Primary | 330m |
| North Vista Secondary School | Secondary | 330m |
| Fernvale Primary School | Primary | 590m |
| Chongfu School | Primary | 720m |
| Presbyterian High School | Secondary | 1.3 km |
| Nan Chiau Primary School | Primary | 1.4 km |
| Anchor Green Primary School | Primary | 1.5 km |
| Sengkang Secondary School | Secondary | 1.6 km |
| Townsville Primary School | Primary | 1.6 km |
| Seng Kang Primary School | Primary | 1.8 km |
| Compassvale Secondary School | Secondary | 2.0 km |
| Sengkang Green Primary School | Primary | 2.0 km |
FAQ
What is the average price for SELETAR SPRINGS CONDOMINIUM?
What is the rental yield for SELETAR SPRINGS CONDOMINIUM?
Is SELETAR SPRINGS CONDOMINIUM 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: 76 transactions analysed
- Rental data: 127 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 SELETAR SPRINGS CONDOMINIUM
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