Icon @ Pasir Panjang
Icon @ Pasir Panjang is a freehold condominium in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town), within Singapore's Rest of Central Region (RCR). The development was completed in 2018 and comprises 18 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
ICON @ PASIR PANJANG is a freehold condominium at PASIR PANJANG ROAD in District 5 (RCR), developed by FRAGRANCE REALTY PTE LTD, comprising 18 units, completed in 2018.
Location & Connectivity
ICON @ PASIR PANJANG is approximately 530m from Haw Par Villa MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Haw Par Villa | Circle Line | 530m |
| Pasir Panjang | Circle Line | 700m |
Schools & Education
1 school within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 1 | $1,836 psf | $830,000 |
| 1 BR | 2 | $1,608 psf | $943,444 |
| 2 BR | 1 | $1,303 psf | $1,108,000 |
| 3 BR | 1 | $1,403 psf | $1,450,000 |
Market Position
ICON @ PASIR PANJANG has recorded 5 sales at an average price of $1,054,978.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ICON @ PASIR PANJANG typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 1 BR | $2,675/mo | $943,444 | 3.40% | $284/mo |
| 2 BR | $3,053/mo | $1,108,000 | 3.31% | $276/mo |
| 3 BR | $3,913/mo | $1,450,000 | 3.24% | $270/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2023 | 3 | $1,438 psf | — |
| 2024 | 1 | $1,836 psf | ↑ 27.7% |
| 2025 | 1 | $1,609 psf | ↓ 12.4% |
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ICON @ PASIR PANJANG prices have cooled 12.4% from the 2024 peak, yet remain 11.9% above where the series began in 2023.
Price Index Check
The ShiokNest Price Index for District 5 reads 134.8 as of June 2026 — down 5.5% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | $1,858 psf | 6241 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | $1,868 psf | 1433 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | $1,896 psf | 1428 |
| ELTA | 99 yrs lease commencing from 2024 | $2,557 psf | 413 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | $2,159 psf | 384 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 18 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units). Parking and arterial road access matter more here than walking-distance MRT.
yield-focused investors should treat this as a shortlist candidate, not a default choice.
families with young children and resort facilities should probably look elsewhere. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
ICON @ PASIR PANJANG is a freehold development in District 5 (RCR), with 18 units, offering a gross yield of 3.8%.
At ~$1,609 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full ICON @ PASIR PANJANG dashboard for interactive analytics.
FAQ
What is the average PSF for ICON @ PASIR PANJANG?
Is ICON @ PASIR PANJANG freehold?
What is the rental yield for ICON @ PASIR PANJANG?
Which MRT is nearest to ICON @ PASIR PANJANG?
Sources & Next Steps
- ICON @ PASIR PANJANG Dashboard — Live charts and analytics
- URA — Official transaction data
- District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) — District 5 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions
- Rental data: 64 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2025 · 5 records analysed · Source: URA private-sale caveats