District 12 (Toa Payoh, Serangoon, Balestier) — May 2026 Digest

District Digest 3 min read Last reviewed
For: First-time buyersHDB upgradersInvestors
Source: URA REALIS
TL;DR
District 12 (Toa Payoh, Serangoon, Balestier) monthly digest for May 2026. 37 sales at avg PSF $1,858 psf.

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Key Takeaways
  • Sales volume: 37 transactions
  • Average PSF: $1,858 psf (↑ 0.5% MoM)
  • Rental volume: 224 leases, avg $4,034/mo
  • RCR · D12 (Toa Payoh, Serangoon, Balestier)
Avg PSF
$1,858 psf +0.5% MoM
Sales
37
Avg Price
$1,839,616
New Leases
224

Monthly Overview

District 12 (Toa Payoh, Serangoon, Balestier) recorded 37 sales transactions in May 2026 at an average PSF of $1,858 psf. The rental market saw 224 new leases.

Prices were virtually unchanged at $1,005 psf — a 0.5% increase year-on-year. Volume of 37 exceeded the trailing average by 19%, indicating solid liquidity.

Notable Transactions

The highest-value transactions in District 12 during May 2026.

Notable transactions D12 — May 2026
PropertyPricePSFTypeSale Type
THE CENTRIO$3,960,000$1,333 psf5 BRResale
THE ARCADY AT BOON KENG$3,770,000$2,674 psf4 BRNew Sale
KALLANG RIVERSIDE$3,455,000$2,413 psf4 BRResale
THE ARTE$3,205,000$1,972 psf4 BRResale
THE ARCADY AT BOON KENG$2,808,000$2,583 psf3 BRNew Sale

Most Active Condos

Condos with the highest transaction volume in District 12.

Most active condos D12
PropertyTransactionsAvg PSF
THE ARCADY AT BOON KENG5$2,670 psf
EIGHT RIVERSUITES3$1,904 psf
GEM RESIDENCES2$1,978 psf
PARC HAVEN2$1,105 psf
IRESIDENCES2$1,872 psf
🧮Check what you can afford in D12 — try the Affordability Calculator

Recent PSF Trend (6 Months)

6-month PSF trend D12
PeriodVolumeAvg PSF
2025-1229$2,005 psf
2026-0126$1,938 psf
2026-0228$1,841 psf
2026-0330$1,807 psf
2026-0436$1,850 psf
2026-0537$1,858 psf

District 12 prices have cooled 7.3% from the 2025-12 peak, yet remain 7.3% below where the series began in 2025-12.

Bedroom Distribution

3 BR units dominated with 29.7% of transactions in District 12 during May 2026.

Bedroom distribution D12 — May 2026
Unit TypeTransactionsAvg PSF
3 BR11$2,089 psf
4 BR7$1,742 psf
Studio7$1,883 psf
2 BR5$1,793 psf
1 BR5$1,832 psf
5 BR2$1,137 psf
ℹ Market Context
District 12 averaged $1,858 psf in May 2026, which is 7.7% below the city-wide average of $2,014 psf.

FAQ

How many transactions were recorded in District 12 in May 2026?
District 12 (Toa Payoh, Serangoon, Balestier) recorded 37 sales transactions in May 2026.
What was the average PSF in District 12 in May 2026?
The average price per square foot was $1,858 psf in District 12 during May 2026.
Which condo had the most transactions in District 12?
The most active condo was THE ARCADY AT BOON KENG with 5 transactions.

Methodology & Sources

Figures below are drawn from May 2026 and revised every month.

Transaction data sourced from URA REALIS.

We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.

Data as of May 2026

Latest recorded data point: May 2026 · 37 records analysed · Source: URA private-sale caveats