We track 8 sales and 17 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE RICHMOND dashboard.
- Average sale price: $1,817,500 across 8 transactions
- Estimated gross rental yield: 2.4%
- District 12 PSF ranking: Mid-range (top 52%)
- Freehold tenure · RCR · D12 · 38 units
About THE RICHMOND
THE RICHMOND is a freehold condominium, located at ST. MICHAEL'S ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by TRIO - UNITED REALTY PTE LTD, comprising 38 residential units, completed in 1999.
As a freehold property, THE RICHMOND does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE RICHMOND:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 7 | $1,431 psf | $1,782,857 |
| 4 BR | 1 | $1,302 psf | $2,060,000 |
Sales Market Overview
THE RICHMOND has recorded 8 sale transactions with an average transaction price of $1,817,500, ranging from $1,380,000 to $2,060,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,115 psf | $1,380,000 | — |
| 2022 | 2 | $1,332 psf | $1,880,000 | ↑ 19.5% |
| 2023 | 2 | $1,447 psf | $1,815,000 | ↑ 8.7% |
| 2024 | 2 | $1,543 psf | $1,910,000 | ↑ 6.6% |
| 2025 | 1 | $1,562 psf | $1,950,000 | ↑ 1.2% |
THE RICHMOND ranks in the top 52% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, THE RICHMOND trades 30.9% below the segment benchmark.
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Rental Market Overview
THE RICHMOND has recorded 17 rental transactions with monthly rents averaging $3,653/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 4 | $2,425/mo | $2,000/mo | $2,750/mo |
| 3 BR | 13 | $4,031/mo | $2,500/mo | $5,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 5 | $2,520/mo |
| 2022 | 3 | $3,167/mo |
| 2023 | 2 | $4,350/mo |
| 2024 | 3 | $3,800/mo |
| 2025 | 4 | $4,975/mo |
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Investment Analysis
Based on average rents and sale prices, THE RICHMOND delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 | $1,645 psf | 306 |
| 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 RICHMOND (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE RICHMOND
- Boon Keng MRT
- Geylang Bahru MRT
- Potong Pasir MRT
- Bendemeer MRT
- Bendemeer Primary School
- Bendemeer Secondary School
- Hong Wen School
Nearby MRT Stations
THE RICHMOND is 680m from Boon Keng MRT (North-East Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Boon Keng | NE9 | North-East Line | 680m |
| Geylang Bahru | DT24 | Downtown Line | 860m |
| Potong Pasir | NE10 | North-East Line | 870m |
| Bendemeer | DT23 | Downtown Line | 1.2 km |
Nearby Schools
There are 12 schools within 2 km of THE RICHMOND, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bendemeer Primary School | Primary | 390m |
| Bendemeer Secondary School | Secondary | 390m |
| Hong Wen School | Primary | 980m |
| Stamford Primary School | Primary | 1.2 km |
| Assumption Pathway School | Secondary | 1.2 km |
| Balestier Hill Primary School | Primary | 1.5 km |
| School of Science and Technology | Jc | 1.5 km |
| Beatty Secondary School | Secondary | 1.6 km |
| Farrer Park Primary School | Primary | 1.6 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.6 km |
| De La Salle School | Primary | 1.8 km |
| CHIJ Our Lady Queen of Peace | Primary | 1.8 km |
FAQ
What is the average price for THE RICHMOND?
What is the rental yield for THE RICHMOND?
Is THE RICHMOND 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: 8 transactions analysed
- Rental data: 17 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 RICHMOND
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.