We track 25 sales and 142 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE PATERSON dashboard.
- Average sale price: $3,382,476 across 25 transactions
- Estimated gross rental yield: 2.4%
- District 9 PSF ranking: Above average (top 31%)
- Freehold tenure · CCR · D9 · 88 units
About THE PATERSON
THE PATERSON is a freehold condominium, located at PATERSON ROAD in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by IDEAL HOMES PTE LTD, comprising 88 residential units, completed in 2004.
As a freehold property, THE PATERSON does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE PATERSON:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 14 | $2,386 psf | $2,975,571 |
| 4 BR | 9 | $2,416 psf | $3,444,876 |
| 5+ BR | 2 | $2,190 psf | $5,950,000 |
Sales Market Overview
THE PATERSON has recorded 25 sale transactions with an average transaction price of $3,382,476, ranging from $2,700,000 to $6,500,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $2,204 psf | $2,985,000 | — |
| 2022 | 5 | $2,447 psf | $3,120,000 | ↑ 11.0% |
| 2023 | 4 | $2,371 psf | $3,180,000 | ↓ 3.1% |
| 2024 | 6 | $2,425 psf | $3,108,333 | ↑ 2.3% |
| 2025 | 2 | $2,515 psf | $4,625,000 | ↑ 3.7% |
| 2026 | 3 | $2,406 psf | $4,472,296 | ↓ 4.3% |
THE PATERSON ranks in the top 31% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, THE PATERSON trades 2.7% below the segment benchmark.
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Rental Market Overview
THE PATERSON has recorded 142 rental transactions with monthly rents averaging $6,757/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 90 | $6,244/mo | $4,600/mo | $8,300/mo |
| 3 BR | 39 | $6,722/mo | $5,000/mo | $8,800/mo |
| 4 BR | 13 | $10,417/mo | $6,400/mo | $13,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 30 | $5,460/mo |
| 2022 | 27 | $6,556/mo |
| 2023 | 23 | $7,336/mo |
| 2024 | 25 | $7,333/mo |
| 2025 | 28 | $7,146/mo |
| 2026 | 9 | $7,400/mo |
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Investment Analysis
Based on average rents and sale prices, THE PATERSON delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 9
Side-by-side comparison against the most actively traded condos in District 9 (Orchard, Cairnhill, River Valley):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | 540 | $2,730 psf | 582 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | 524 | $3,138 psf | 491 |
| RIVER MODERN | 99 years leasehold | — | $3,239 psf | 421 |
| THE AVENIR | Freehold | 376 | $3,190 psf | 322 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | 378 | $2,513 psf | 253 |
Location Map
Map shows THE PATERSON (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE PATERSON
- Orchard Boulevard MRT
- Orchard MRT
- Orchard MRT
- Great World MRT
- Somerset MRT
- Kheng Cheng School
- Chatsworth International School (Orchard)
- St. Anthony'
Nearby MRT Stations
THE PATERSON is 270m from Orchard Boulevard MRT (Thomson-East Coast Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 270m |
| Orchard | NS22 | North-South Line | 440m |
| Orchard | TE14 | Thomson-East Coast Line | 440m |
| Great World | TE15 | Thomson-East Coast Line | 670m |
| Somerset | NS23 | North-South Line | 900m |
| Napier | TE12 | Thomson-East Coast Line | 1.1 km |
| Havelock | TE16 | Thomson-East Coast Line | 1.3 km |
Nearby Schools
There are 19 schools within 2 km of THE PATERSON, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Kheng Cheng School | Primary | 730m |
| Chatsworth International School (Orchard) | International | 830m |
| St. Anthony's Primary School | Primary | 980m |
| ISS International School (Paterson) | International | 1.1 km |
| ISS International School (Preston) | International | 1.1 km |
| Tanglin Secondary School | Secondary | 1.2 km |
| Fairfield Methodist School (Primary) | Primary | 1.2 km |
| Gan Eng Seng Primary School | Primary | 1.3 km |
| Methodist Girls' School | Secondary | 1.3 km |
| ACS (Junior) | Primary | 1.4 km |
| Gan Eng Seng School | Secondary | 1.4 km |
| CHIJ (Kellock) | Primary | 1.5 km |
FAQ
What is the average price for THE PATERSON?
What is the rental yield for THE PATERSON?
Is THE PATERSON 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: 25 transactions analysed
- Rental data: 142 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 PATERSON
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