Sky Everton occupies a rare structural position in the Singapore condo market: a freehold 262-unit development that completed in 2021, sitting on the eastern edge of District 2's Tanjong Pagar / Outram cluster. The site at 1-5 Everton Road is technically classified as RCR (Rest of Central Region) by URA's market segmentation, but its physical address places it within a 600-800 metre walk of Tanjong Pagar MRT and the Tanjong Pagar Central Business District — a CCR-adjacent location that commands a pricing premium reflecting CBD walkability rather than RCR distance from the core. For a deeper sense of how D2 transactions cluster around this fringe-of-CBD pricing band, the District 2 analytics page tracks median PSF and rental yields across all Outram, Tanjong Pagar, and Chinatown subzones.
The combination — freehold tenure, sub-300-unit boutique scale, walkable CBD location, and a 2021 TOP that makes the building genuinely new — places Sky Everton in a thin supply pool. Singapore's freehold land bank in the central region is fixed and shrinking as the 99-year leasehold pipeline expands; URA's Master Plan 2019 Greater Southern Waterfront (GSW) framework explicitly preserves freehold pockets like Everton Park while rezoning Tanjong Pagar's port-fronting land for mixed-use redevelopment. That asymmetry — freehold scarcity rising while leasehold supply grows — sits at the heart of the Sky Everton investment thesis.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
The transit anchor for Sky Everton is twofold. Tanjong Pagar MRT (EW15, East-West Line) is the nearer station at roughly a 7-8 minute walk via Everton Road and Cantonment Road. Outram Park MRT — the triple-line interchange serving the East-West Line (EW16), North-East Line (NE3), and Thomson-East Coast Line (TE17, opened in November 2022) — sits roughly 10-12 minutes on foot via Cantonment Road and New Bridge Road. The TEL extension materially upgraded Outram Park's connectivity reach: residents now access Orchard, Marina Bay, Caldecott, and the Woodlands North corridor without transfers. The LTA rail network map shows Outram Park as one of only a handful of triple-line stations in the system, alongside Dhoby Ghaut, Marina Bay, and Bras Basah — a structural rarity that compounds the property's accessibility premium.
For buyers benchmarking the transit thesis against comparable freehold stock, the gross yield calculator applied with realistic CBD-fringe rentals consistently produces yield bands that justify the freehold pricing differential. The MRT proximity map visualises Sky Everton's catchment against the EW and TEL lines.
We track 75 sales and 311 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SKY EVERTON dashboard.
- Average sale price: $2,848,596 across 75 transactions
- Estimated gross rental yield: 2.1%
- District 2 PSF ranking: Premium tier (top 23%)
- Freehold tenure · RCR · D2 · 262 units
About SKY EVERTON
SKY EVERTON is a freehold condominium, located at EVERTON ROAD in District 2 (Anson, Tanjong Pagar) (Rest of Central Region), comprising 262 residential units, completed in 2021.
As a freehold property, SKY EVERTON does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at SKY EVERTON:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 4 | $2,751 psf | $1,273,500 |
| 1 BR | 18 | $2,804 psf | $1,759,438 |
| 2 BR | 18 | $2,712 psf | $2,415,600 |
| 3 BR | 31 | $2,807 psf | $3,472,193 |
| 4 BR | 2 | $3,042 psf | $5,534,000 |
| 5+ BR | 2 | $3,297 psf | $7,347,000 |
Sales Market Overview
SKY EVERTON has recorded 75 sale transactions with an average transaction price of $2,848,596, ranging from $1,200,000 to $7,588,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 23 | $2,760 psf | $2,903,913 | — |
| 2022 | 18 | $2,873 psf | $4,019,556 | ↑ 4.1% |
| 2023 | 9 | $2,777 psf | $2,627,765 | ↓ 3.4% |
| 2024 | 10 | $2,742 psf | $2,128,480 | ↓ 1.3% |
| 2025 | 12 | $2,797 psf | $1,925,000 | ↑ 2.0% |
| 2026 | 3 | $2,933 psf | $2,156,000 | ↑ 4.9% |
SKY EVERTON ranks in the top 23% of condos in District 2 by average PSF.
Compared to the RCR average of $2,049 psf, SKY EVERTON trades 36.6% above the segment benchmark.
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Rental Market Overview
SKY EVERTON has recorded 311 rental transactions with monthly rents averaging $5,080/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 80 | $5,022/mo | $3,300/mo | $9,450/mo |
| 1 BR | 67 | $4,041/mo | $3,500/mo | $5,233/mo |
| 2 BR | 103 | $4,870/mo | $4,200/mo | $6,300/mo |
| 3 BR | 51 | $6,184/mo | $5,200/mo | $8,350/mo |
| 4 BR | 9 | $8,703/mo | $7,900/mo | $9,200/mo |
| 5+ BR | 1 | $11,900/mo | $11,900/mo | $11,900/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 58 | $4,910/mo |
| 2024 | 128 | $5,107/mo |
| 2025 | 71 | $5,088/mo |
| 2026 | 54 | $5,186/mo |
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Investment Analysis
Based on average rents and sale prices, SKY EVERTON delivers an estimated gross rental yield of 2.1%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 2
Side-by-side comparison against the most actively traded condos in District 2 (Anson, Tanjong Pagar):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE BERNAM | 99 yrs lease commencing from 2019 | 364 | $2,587 psf | 357 |
| NEWPORT RESIDENCES | Freehold | 487 | $3,129 psf | 192 |
| ICON | 99 yrs lease commencing from 2002 | 646 | $1,790 psf | 144 |
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | 360 | $2,230 psf | 96 |
| SPOTTISWOODE RESIDENCES | Freehold | 351 | $2,209 psf | 67 |
Location Map
Map shows SKY EVERTON (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SKY EVERTON
- Outram Park MRT
- Outram Park MRT
- Outram Park MRT
- Cantonment MRT
- Prince Edward Road MRT
- Cantonment Primary School
- Outram Secondary School
- Gan Eng Seng School
Nearby MRT Stations
SKY EVERTON is 500m from Outram Park MRT (East-West Line), with 11 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Outram Park | EW16 | East-West Line | 500m |
| Outram Park | NE3 | North-East Line | 500m |
| Outram Park | TE17 | Thomson-East Coast Line | 500m |
| Cantonment | CC31 | Circle Line | 580m |
| Prince Edward Road | CC32 | Circle Line | 660m |
| Maxwell | TE18 | Thomson-East Coast Line | 870m |
| Tanjong Pagar | EW15 | East-West Line | 950m |
| Shenton Way | TE19 | Thomson-East Coast Line | 1.1 km |
Nearby Schools
There are 4 schools within 2 km of SKY EVERTON, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | Primary | 530m |
| Outram Secondary School | Secondary | 920m |
| Gan Eng Seng School | Secondary | 2.0 km |
| Fairfield Methodist School (Primary) | Primary | 2.0 km |
The single largest medium-term tailwind for Sky Everton is the Greater Southern Waterfront masterplan. Announced in National Day Rally 2019 and elaborated through URA's Master Plan 2019 amendments, the GSW programme covers roughly 2,000 hectares of land stretching from Pasir Panjang through Keppel, Tanjong Pagar, and Marina South — six times the size of Marina Bay. The phased relocation of Tanjong Pagar, Keppel, and Pasir Panjang container terminals to Tuas Mega Port (with full PSA Tuas consolidation targeted for the early 2040s) unlocks the seafront land currently occupied by port operations. URA has indicated the released land will host approximately 9,000 new housing units, integrated transit, and a continuous waterfront promenade extending Marina Bay's pedestrian network westward.
For Sky Everton, the GSW effect is locational rather than direct: the development is not within the GSW boundary, but it sits on the immediate northern edge of the redevelopment zone. Properties on the masterplan periphery typically experience two distinct price effects — anticipation-driven appreciation in the 5-10 years before completion (rezoning premium), and amenity-driven appreciation post-completion as new public realm, waterfront access, and commercial nodes mature. With Tuas consolidation timelines extending into the 2040s, Sky Everton sits early in the anticipation phase. The Ministry of National Development's transformation framework publishes periodic progress updates worth monitoring.
Sky Everton's pricing places the typical entry transaction in the S$2.0-3.5 million band depending on bedroom configuration and floor, which positions buyers squarely within the higher ABSD and BSD brackets. Singapore Citizens purchasing a second property incur 20% ABSD; Permanent Residents on a first property face 5%; foreigners face 60% — rates last adjusted by the IRAS ABSD framework in April 2023. Buyer stamp duty on the principal sum runs at progressive rates topping out at 6% for the portion above S$1.5 million on residential transactions.
For modelling the full acquisition stack, the stamp duty calculator aggregates BSD and ABSD against profile and property value. Holding-side costs include MCST maintenance fees (typically S$350-550/month for two-bedroom units in similar boutique developments), property tax (computed on Annual Value via the IRAS property tax framework, with the 6% surcharge for non-owner-occupied applying to investor profiles), and TDSR-bound mortgage servicing (MAS TDSR explainer). The TDSR calculator models the income-debt boundary that constrains the financeable entry price.
Sky Everton's rental thesis is anchored in the CBD financial-services tenant pool. Within a 1.5 km radius sit the Tanjong Pagar Centre / Guoco Tower complex (offices for IHH Healthcare, Marsh & McLennan, and various financial-services tenants), the Tanjong Pagar District financial cluster, and the Shenton Way Grade-A office corridor. The tenant archetype — single or couple professional, 28-42 years old, S$8,000-15,000 monthly income, prioritising walk-to-work and freehold building quality over unit size — maps closely onto Sky Everton's predominantly compact one- and two-bedroom unit mix.
Rental yields on CBD-fringe freehold stock typically run in the 2.8-3.5% gross band — lower in absolute terms than OCR alternatives, but with materially lower vacancy risk and faster lease cycles. The URA private property rental transactions database publishes signed-rental data quarterly; cross-referencing recent Sky Everton lease signings against asking-rent surveys typically shows a 5-8% gap that closes within 60-90 days of listing. For investors modelling holding costs against rental income, the cash flow calculator applied with realistic vacancy, agent commission, and maintenance assumptions produces breakeven income requirements consistent with current market clearing rates.
Sky Everton's structural position — freehold, 262-unit boutique scale, 2021 vintage, walkable to the Outram Park triple-line interchange, on the periphery of the Greater Southern Waterfront redevelopment zone — assembles four distinct tailwinds onto a single asset. None of these factors individually justifies a premium; collectively they support a thesis that compounds across a 10-15 year hold. The principal headwinds are exit-side supply competition from Tanjong Pagar leasehold launches and the higher absolute ABSD stack for second-property and foreign buyers.
For owner-occupiers in the financial-services or legal corridor, the walk-to-work value proposition is the dominant case. For investors, the case hinges on conviction in the CBD-fringe rental floor and the GSW-driven medium-term capital appreciation thesis. For families with multi-generational holding horizons, the freehold tenure is the structural feature that converts a 10-year investment into a 50-year asset position. Cross-reference with the District 2 page for transaction-volume context, and use the gross yield and lease decay calculators to stress-test the thesis against personal hurdle rates. The full condo directory provides the comparable-set lens for finalising the buy decision.
FAQ
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 75 transactions analysed
- Rental data: 311 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 SKY EVERTON
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 342 condo transactions recorded in District 2 over the last 12 months, 58% new sale, 41% resale, 1% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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HDB Alternatives Nearby
Weighing SKY EVERTON against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (90m away), an upgrader gap of about $1,950,000
- Central Area — 4-room average $1,088,814 (330m away), an upgrader gap of about $1,750,000