Island View
Island View is a freehold condominium located in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town), part of the Rest of Central Region (RCR). The development was completed in 1984 and comprises 72 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
ISLAND VIEW is a freehold condominium at JALAN MAT JAMBOL in District 5 (RCR), developed by ISLAND HOMES DEVELOPMENT PTE LTD, comprising 72 units, completed in 1984.
Location & Connectivity
ISLAND VIEW is approximately 440m from Pasir Panjang MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Pasir Panjang | Circle Line | 440m |
| Haw Par Villa | Circle Line | 1.2 km |
| Labrador Park | Circle Line | 1.5 km |
Schools & Education
6 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.4 km |
| Alexandra Primary School | Primary | 1.5 km |
| Queenstown Primary School | Primary | 1.8 km |
| Crescent Girls' School | Secondary | 1.9 km |
| Queensway Secondary School | Secondary | 2 km |
| Global Indian International School (GIIS Queenstown) | International | 2 km |
Market Position
ISLAND VIEW has recorded 10 sales at an average price of $4,707,000.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,282 psf | — |
| 2022 | 1 | $1,455 psf | ↑ 13.5% |
| 2023 | 2 | $1,365 psf | ↓ 6.2% |
| 2024 | 1 | $1,372 psf | ↑ 0.5% |
| 2025 | 2 | $1,432 psf | ↑ 4.4% |
| 2026 | 2 | $1,300 psf | ↓ 9.2% |
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From the 2022 high, ISLAND VIEW prices have given back 10.6% — still 1.4% above the 2021 baseline.
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
- With just 3 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 72-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
- At 42+ years of age, upkeep costs trend upward and renovation budgets matter; some owners here are effectively holding an en-bloc option.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: multi-generational families, empty nesters / downsizers, mrt-walkable commuters and tertiary student housing. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
For yield-focused investors, en-bloc speculators and foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
first-time hdb upgraders should probably look elsewhere. RCR (Rest of Central Region) pricing sits within reach of HDB upgraders banking proceeds from a mature-estate resale.
Verdict
ISLAND VIEW is a freehold development in District 5 (RCR), with 72 units, offering a gross yield of 2.2%.
At ~$1,366 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full ISLAND VIEW dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ISLAND VIEW against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (1.4 km away), an upgrader gap of about $3,800,000
- Queenstown — 4-room average $1,002,705 (1.6 km away), an upgrader gap of about $3,700,000
FAQ
What is the average PSF for ISLAND VIEW?
Is ISLAND VIEW freehold?
What is the rental yield for ISLAND VIEW?
Which MRT is nearest to ISLAND VIEW?
Sources & Next Steps
- ISLAND VIEW 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: 10 transactions
- Rental data: 106 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 10 records analysed · Source: URA private-sale caveats