THE OCTET is a freehold development along LORONG 24 GEYLANG in District 14 (Geylang / Eunos), part of the RCR segment of Singapore's private residential market. The project comprises 56 units and is TOP 2017.
This profile draws on 14 recorded transactions from URA 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 9 years from TOP, THE OCTET is in the early-mature phase: facilities are well-broken-in, strata operations are stable, and pricing has been through one or two market cycles — making comparable-sales analysis meaningful.
Within District 14 (Geylang / Eunos), the immediate context for THE OCTET 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 108 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE OCTET dashboard.
- Average sale price: $643,278 across 14 transactions
- Estimated gross rental yield: 4.7%
- District 14 PSF ranking: Above average (top 36%)
- Freehold tenure · RCR · D14 · 56 units
About THE OCTET
THE OCTET is a freehold condominium, located at LORONG 24 GEYLANG in District 14 (Geylang, Eunos) (Rest of Central Region), developed by OSMO CAPITAL PTE LTD, comprising 56 residential units, completed in 2017.
As a freehold property, THE OCTET does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE OCTET:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 11 | $1,464 psf | $625,990 |
| 1 BR | 3 | $1,380 psf | $706,667 |
Sales Market Overview
THE OCTET has recorded 14 sale transactions with an average transaction price of $643,278, ranging from $570,000 to $780,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $1,408 psf | $598,722 | — |
| 2022 | 4 | $1,385 psf | $620,750 | ↓ 1.6% |
| 2023 | 2 | $1,507 psf | $649,000 | ↑ 8.8% |
| 2024 | 1 | $1,542 psf | $780,000 | ↑ 2.3% |
| 2025 | 2 | $1,478 psf | $690,000 | ↓ 4.1% |
| 2026 | 1 | $1,556 psf | $670,000 | ↑ 5.3% |
THE OCTET ranks in the top 36% of condos in District 14 by average PSF.
Compared to the RCR average of $2,049 psf, THE OCTET trades 29.5% below the segment benchmark.
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Rental Market Overview
THE OCTET has recorded 108 rental transactions with monthly rents averaging $2,529/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 89 | $2,537/mo | $1,600/mo | $3,400/mo |
| 2 BR | 19 | $2,492/mo | $1,900/mo | $3,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 18 | $1,988/mo |
| 2022 | 23 | $2,400/mo |
| 2023 | 22 | $2,700/mo |
| 2024 | 21 | $2,702/mo |
| 2025 | 20 | $2,724/mo |
| 2026 | 4 | $2,875/mo |
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Investment Analysis
Based on average rents and sale prices, THE OCTET delivers an estimated gross rental yield of 4.7%. This places it among the higher-yielding condos in Singapore.
Competing Condos in District 14
Side-by-side comparison against the most actively traded condos in District 14 (Geylang, Eunos):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PARC ESTA | 99 yrs lease commencing from 2018 | 1399 | $2,185 psf | 482 |
| SIMS URBAN OASIS | 99 yrs lease commencing from 2014 | 1024 | $1,763 psf | 367 |
| PENROSE | 99 yrs lease commencing from 2019 | 566 | $1,929 psf | 354 |
| EUHABITAT | 99 yrs lease commencing from 2010 | 697 | $1,327 psf | 234 |
| THE ANTARES | 99 yrs lease commencing from 2018 | 265 | $1,834 psf | 229 |
Location Map
Map shows THE OCTET (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE OCTET
- Aljunied MRT
- Mountbatten MRT
- Dakota MRT
- Paya Lebar MRT
- Paya Lebar MRT
- Geylang Methodist School (Primary)
- One World International School (Mountbatten)
- Geylang Methodist School (Secondary)
Nearby MRT Stations
THE OCTET is 490m from Aljunied MRT (East-West Line), with 8 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Aljunied | EW9 | East-West Line | 490m |
| Mountbatten | CC7 | Circle Line | 690m |
| Dakota | CC8 | Circle Line | 690m |
| Paya Lebar | EW8 | East-West Line | 1.2 km |
| Paya Lebar | CC9 | Circle Line | 1.2 km |
| Kallang | EW10 | East-West Line | 1.4 km |
| Stadium | CC6 | Circle Line | 1.4 km |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.4 km |
Nearby Schools
There are 13 schools within 2 km of THE OCTET, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Geylang Methodist School (Primary) | Primary | 270m |
| One World International School (Mountbatten) | International | 370m |
| Geylang Methodist School (Secondary) | Secondary | 460m |
| Kong Hwa School | Primary | 810m |
| Haig Girls' School | Primary | 1.4 km |
| Macpherson Primary School | Primary | 1.6 km |
| Tanjong Katong Primary School | Primary | 1.6 km |
| Tao Nan School | Primary | 1.7 km |
| Broadrick Secondary School | Secondary | 1.9 km |
| EtonHouse International School (Broadrick) | International | 1.9 km |
| Tanjong Katong Girls' School | Secondary | 2.0 km |
| Paya Lebar Methodist Girls' School | Secondary | 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.
Genuine walk-to-MRT access. Aljunied sits about 0.49km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 56 units, THE OCTET 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. Geylang Methodist School (Primary) sits about 0.27km 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.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: THE OCTET 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 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 OCTET?
What is the rental yield for THE OCTET?
Is THE OCTET freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 14 transactions analysed
- Rental data: 108 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 OCTET
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 758 condo transactions recorded in District 14 over the last 12 months, 93% resale, 6% sub sale, 1% new 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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Price Index Check
The ShiokNest Price Index for District 14 reads 121.5 as of June 2026 — down 8.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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HDB Alternatives Nearby
Weighing THE OCTET against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (210m away)
- Kallang/whampoa — 4-room average $882,887 (950m away)