THE PLATINUM is a 99-year leasehold development along UPPER CROSS STREET in District 1 (CBD (Raffles Place, Marina, Cecil)), part of the CCR segment of Singapore's private residential market. The project comprises a compact unit count and is an established secondary-market project.
This profile draws on 0 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.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 1 (CBD (Raffles Place, Marina, Cecil)), the immediate context for THE PLATINUM 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 0 sales and 26 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE PLATINUM dashboard.
- · CCR · D1
About THE PLATINUM
THE PLATINUM is a condominium, located at UPPER CROSS STREET in District 1 (Raffles Place, Marina, Cecil, People's Park) (Core Central Region).
Rental Market Overview
THE PLATINUM has recorded 26 rental transactions with monthly rents averaging $3,019/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 26 | $3,019/mo | $2,200/mo | $3,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $2,300/mo |
| 2022 | 15 | $2,927/mo |
| 2023 | 6 | $3,300/mo |
| 2024 | 2 | $3,600/mo |
| 2025 | 1 | $3,000/mo |
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Competing Condos in District 1
Side-by-side comparison against the most actively traded condos in District 1 (Raffles Place, Marina, Cecil, People's Park):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | 937 | $2,957 psf | 633 |
| THE SAIL @ MARINA BAY | 99-year leasehold | 1111 | $2,011 psf | 268 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | 1042 | $2,320 psf | 209 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | 366 | $3,149 psf | 155 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | 341 | $1,774 psf | 104 |
Location Map
Map shows THE PLATINUM (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE PLATINUM
- Chinatown MRT
- Chinatown MRT
- Telok Ayer MRT
- Maxwell MRT
- Clarke Quay MRT
- Outram Secondary School
- Fairfield Methodist School (Primary)
- Cantonment Primary School
Nearby MRT Stations
THE PLATINUM is 40m from Chinatown MRT (North-East Line), with 22 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Chinatown | NE4 | North-East Line | 40m |
| Chinatown | DT19 | Downtown Line | 40m |
| Telok Ayer | DT18 | Downtown Line | 490m |
| Maxwell | TE18 | Thomson-East Coast Line | 500m |
| Clarke Quay | NE5 | North-East Line | 520m |
| Raffles Place | NS26 | North-South Line | 750m |
| Raffles Place | EW14 | East-West Line | 750m |
| Outram Park | EW16 | East-West Line | 750m |
Nearby Schools
There are 7 schools within 2 km of THE PLATINUM, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | Secondary | 990m |
| Fairfield Methodist School (Primary) | Primary | 1.2 km |
| Cantonment Primary School | Primary | 1.4 km |
| Singapore Management University | Tertiary | 1.5 km |
| School of the Arts | Jc | 1.6 km |
| Kheng Cheng School | Primary | 1.7 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.8 km |
Genuine walk-to-MRT access. Chinatown sits about 0.04km 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.
School-belt proximity. Outram Secondary School sits about 0.99km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Mature streetscape and amenity coverage. The immediate neighbourhood has the daily-living amenity profile of an established residential precinct — hawker centres, supermarkets, clinics, parks within a short walk or drive. The convenience compounds over a hold, even if no single amenity is a headline feature.
Thin transaction history. With only 0 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.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ⚠️ Young couple, first home: Lease horizon constrains long-hold optionality
- ✅ 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): Plan exit timing around lease-decay thresholds
Composite assessment: THE PLATINUM benefits from MRT proximity but the lease horizon or district position requires careful exit-timing planning. Active management of the hold matters more than passive accumulation. 0 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 5-8 years with monitored exit windows. 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 PLATINUM?
What is the rental yield for THE PLATINUM?
Is THE PLATINUM freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Rental data: 26 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 PLATINUM
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 420 condo transactions recorded in District 1 over the last 12 months, 59% new sale, 41% resale. 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 THE PLATINUM against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (80m away)
- Bukit Merah — 4-room average $894,787 (930m away)
- Kallang/whampoa — 4-room average $882,887 (1.8 km away)