The Springside is a 61-unit freehold boutique development tucked into the Springleaf enclave of District 26, completed in 1999 by Kallang Development Pte Ltd. In a market dominated by 300- to 800-unit mega-launches, this kind of micro-scale freehold tenure in the Upper Thomson “nature belt” is structurally rare — and increasingly hard to replicate now that the URA Master Plan has zoned much of the surrounding land for low-density landed and conservation use, per the URA Master Plan 2019. With Springleaf MRT (TE4) on the Thomson-East Coast Line now operational, the project sits within a transport-and-nature pocket that has been quietly re-rated by the wider District 26 market over the past three years.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
Springleaf has spent two decades as one of Singapore’s least-developed northern fringes — a thin strip of low-rise housing between Lower Seletar Reservoir, the Central Catchment Nature Reserve and the Mandai wildlife precinct. The opening of Springleaf MRT (TE4) on Stage 1 of the Thomson-East Coast Line in 2021 was the single largest infrastructure event in the area’s history, slashing rail-time to Orchard and the CBD and turning what was previously a car-dependent enclave into a viable mass-market commute. Confirmation of the line and the broader Mandai rejuvenation plan is documented by the Land Transport Authority. The Springside’s 61-unit freehold tenure means owners benefit from this halo without dilution from large new supply on the same plot, since the parcel itself cannot be densified without unanimous en-bloc consent — mathematically improbable at this small unit count. Buyers comparing this against newer 99-year stock should run the lease decay calculator to quantify the freehold premium.
We track 81 sales and 44 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE SPRINGSIDE dashboard.
- Average sale price: $4,057,903 across 81 transactions
- Estimated gross rental yield: 1.9%
- District 26 PSF ranking: Premium tier (top 21%)
- Freehold tenure · OCR · D26 · 61 units
About THE SPRINGSIDE
THE SPRINGSIDE is a freehold condominium, located at SPRINGSIDE AVENUE in District 26 (Upper Thomson, Springleaf) (Outside Central Region), developed by KALLANG DEVELOPMENT PTE LTD, comprising 61 residential units, completed in 1999.
As a freehold property, THE SPRINGSIDE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE SPRINGSIDE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 47 | $2,226 psf | $3,864,418 |
| 5+ BR | 34 | $1,636 psf | $4,325,367 |
Sales Market Overview
THE SPRINGSIDE has recorded 81 sale transactions with an average transaction price of $4,057,903, ranging from $2,918,888 to $6,250,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 18 | $1,558 psf | $3,744,827 | — |
| 2022 | 14 | $1,782 psf | $3,916,778 | ↑ 14.4% |
| 2023 | 5 | $2,040 psf | $3,888,000 | ↑ 14.5% |
| 2024 | 12 | $1,975 psf | $4,233,324 | ↓ 3.2% |
| 2025 | 27 | $2,321 psf | $4,184,621 | ↑ 17.5% |
| 2026 | 5 | $2,132 psf | $4,644,738 | ↓ 8.1% |
THE SPRINGSIDE ranks in the top 21% of condos in District 26 by average PSF.
Compared to the OCR average of $1,550 psf, THE SPRINGSIDE trades 27.6% above the segment benchmark.
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Rental Market Overview
THE SPRINGSIDE has recorded 44 rental transactions with monthly rents averaging $6,336/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 44 | $6,336/mo | $2,700/mo | $9,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 6 | $4,567/mo |
| 2022 | 5 | $5,340/mo |
| 2023 | 15 | $7,087/mo |
| 2024 | 5 | $6,920/mo |
| 2025 | 9 | $6,167/mo |
| 2026 | 4 | $7,075/mo |
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Investment Analysis
Based on average rents and sale prices, THE SPRINGSIDE delivers an estimated gross rental yield of 1.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 26
Side-by-side comparison against the most actively traded condos in District 26 (Upper Thomson, Springleaf):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SPRINGLEAF RESIDENCE | 99 yrs lease commencing from 2024 | 941 | $2,178 psf | 914 |
| LENTOR MODERN | 99 yrs lease commencing from 2021 | 605 | $2,137 psf | 635 |
| LENTOR HILLS RESIDENCES | 99 yrs lease commencing from 2022 | 598 | $2,116 psf | 599 |
| LENTOR MANSION | 99 yrs lease commencing from 2023 | 533 | $2,266 psf | 533 |
| LENTOR CENTRAL RESIDENCES | 99 yrs lease commencing from 2023 | 477 | $2,222 psf | 477 |
Location Map
Map shows THE SPRINGSIDE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE SPRINGSIDE
- Springleaf MRT
Nearby MRT Stations
THE SPRINGSIDE is 710m from Springleaf MRT (Thomson-East Coast Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Springleaf | TE4 | Thomson-East Coast Line | 710m |
- Freehold tenure on a TEL-line plot — freehold ground in any Thomson-East Coast Line catchment is a shrinking inventory; pair this read with the price heatmap to see how thinly freehold supply is spread across D26.
- Boutique 61-unit scale — lower facilities overhead, lower monthly maintenance per square foot than typical 300+ unit projects, and minimal “neighbour churn”; estimate the carry cost with the cash flow calculator.
- Nature-precinct positioning — immediate access to Lower Seletar Reservoir, Springleaf Nature Park and the Mandai wildlife corridor, a lifestyle profile that newer mass-market launches in OCR cannot easily replicate.
- Springleaf MRT (TE4) connectivity — direct rail access to Orchard, Marina Bay and Woodlands North on a single line, materially improving rentability for the tenant pool working in the CBD or the upcoming North Coast Innovation Corridor.
- Constrained future supply on adjacent land — the surrounding GLS pipeline in Springleaf is modest, so absorption of any new launches in the micro-market should be quick; cross-check against District 26 transactions before stamping a fair-value view.
- Exit liquidity is structurally thin. A 61-unit project will produce, on average, only a handful of resale transactions per year — meaning price discovery is lumpy and a single distressed sale can drag the index. Pull the most recent caveats from the URA Realis caveat database before underwriting an exit cap rate.
- Premium D26 pricing — the freehold + TEL + boutique combination is already partly priced in, so entry yields are unlikely to match suburban 99-year mass-market stock. Buyers stretching loan tenure to make the numbers work should sanity-check against MAS’s TDSR rules at the Monetary Authority of Singapore.
- 1999-vintage building stock — TOP 1999 means major capex cycles (lifts, roof, façade, M&E) are either ongoing or imminent, which translates into elevated sinking-fund top-ups for a small unit base.
- Concentration risk in MCST governance — with only 61 subsidiary proprietors, a small bloc of owners can dominate AGM outcomes; due-diligence on the management corporation’s recent minutes is non-optional.
The Springside is a fit for the freehold-first, lifestyle-driven owner-occupier who values the Upper Thomson / Mandai nature corridor and is willing to trade headline yield for tenure permanence and a low-density address. Empty-nesters downsizing out of landed in D26 / D20 and dual-income professional couples who commute on the TEL are the two most natural buyer profiles. It is a poorer fit for pure yield-hunters — OCR 99-year mass-market stock typically prints higher gross yields — and for investors who require deep, liquid resale comps every quarter. As a second-property purchase, the ABSD mathematics shifts the break-even meaningfully; run a full-cost view via the total cost calculator and stress-test mortgage serviceability with the mortgage calculator before committing.
The Springside is a niche, defensible hold rather than a momentum play. Its edge is structural — freehold tenure, sub-100-unit scale and a one-stop ride to Springleaf MRT in the Thomson nature belt — not cyclical. The right buyer is paying for tenure permanence and lifestyle, not for the next twelve months of price action. The wrong buyer is the one underwriting it as a high-turnover yield asset; thin liquidity and an ageing-stock capex profile make that thesis fragile. Run the ROI calculator on conservative rent and exit assumptions before signing the OTP.
FAQ
What is the average price for THE SPRINGSIDE?
What is the rental yield for THE SPRINGSIDE?
Is THE SPRINGSIDE freehold or leasehold?
How far is Springleaf MRT?
Why does the small unit count matter?
How should I compare it against newer 99-year launches nearby?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 81 transactions analysed
- Rental data: 44 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 SPRINGSIDE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.