THE CENTRIO is a freehold development along IRRAWADDY ROAD in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 53 units and is TOP 2010.
This profile draws on 14 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.
At roughly 16 years from TOP, THE CENTRIO is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 12 (Toa Payoh / Balestier), the immediate context for THE CENTRIO 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 14 sales and 69 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE CENTRIO dashboard.
- Average sale price: $1,493,492 across 14 transactions
- Estimated gross rental yield: 3.2%
- District 12 PSF ranking: Premium tier (top 24%)
- Freehold tenure · RCR · D12 · 53 units
About THE CENTRIO
THE CENTRIO is a freehold condominium, located at IRRAWADDY ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by SOILBUILD GROUP HOLDINGS LTD, comprising 53 residential units, completed in 2010.
As a freehold property, THE CENTRIO does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE CENTRIO:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 4 | $1,618 psf | $992,722 |
| 3 BR | 10 | $1,615 psf | $1,693,800 |
Sales Market Overview
THE CENTRIO has recorded 14 sale transactions with an average transaction price of $1,493,492, ranging from $980,000 to $2,220,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,498 psf | $1,604,000 | — |
| 2022 | 3 | $1,620 psf | $1,195,333 | ↑ 8.1% |
| 2023 | 1 | $1,662 psf | $1,020,000 | ↑ 2.6% |
| 2024 | 4 | $1,753 psf | $1,825,000 | ↑ 5.4% |
| 2025 | 1 | $1,602 psf | $982,888 | ↓ 8.6% |
THE CENTRIO ranks in the top 24% of condos in District 12 by average PSF.
Compared to the RCR average of $2,047 psf, THE CENTRIO trades 21% below the segment benchmark.
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Rental Market Overview
THE CENTRIO has recorded 69 rental transactions with monthly rents averaging $3,920/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 27 | $2,843/mo | $2,300/mo | $3,500/mo |
| 2 BR | 24 | $4,250/mo | $3,300/mo | $5,600/mo |
| 3 BR | 13 | $5,088/mo | $3,800/mo | $6,500/mo |
| 4 BR | 5 | $5,120/mo | $4,300/mo | $5,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 13 | $3,281/mo |
| 2022 | 20 | $3,880/mo |
| 2023 | 12 | $4,529/mo |
| 2024 | 10 | $3,920/mo |
| 2025 | 12 | $3,933/mo |
| 2026 | 2 | $4,750/mo |
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Investment Analysis
Based on average rents and sale prices, THE CENTRIO delivers an estimated gross rental yield of 3.2%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,643 psf | 304 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows THE CENTRIO (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE CENTRIO
- Novena MRT
- Toa Payoh MRT
- Mount Pleasant MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- New Town Primary School
Nearby MRT Stations
THE CENTRIO is 600m from Novena MRT (North-South Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 600m |
| Toa Payoh | NS19 | North-South Line | 830m |
| Mount Pleasant | TE10 | Thomson-East Coast Line | 1.2 km |
Nearby Schools
There are 20 schools within 2 km of THE CENTRIO, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 790m |
| Beatty Secondary School | Secondary | 930m |
| New Town Primary School | Primary | 1.0 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.1 km |
| St. Joseph's Institution | Secondary | 1.1 km |
| School of Science and Technology | Jc | 1.1 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
| St. Margaret's Primary School | Primary | 1.4 km |
| Balestier Hill Primary School | Primary | 1.4 km |
| Singapore Chinese Girls' School (Primary) | Primary | 1.5 km |
| Pei Chun Public School | Primary | 1.5 km |
| Nexus International School | International | 1.6 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.
Walking-distance MRT. Novena is about 0.60km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 53 units, THE CENTRIO 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. CHIJ Our Lady Queen of Peace sits about 0.79km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 14 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": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: THE CENTRIO combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 14 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. 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 THE CENTRIO?
What is the rental yield for THE CENTRIO?
Is THE CENTRIO freehold or leasehold?
How far is the nearest MRT from THE CENTRIO?
What is the tenure of THE CENTRIO?
How does THE CENTRIO compare to other projects in the district?
What stamp duty applies for a foreign buyer of THE CENTRIO?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 14 transactions analysed
- Rental data: 69 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 THE CENTRIO
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.