Le Shantier
Located in District 12 (Toa Payoh, Serangoon, Balestier), Le Shantier is a freehold condominium in the Rest of Central Region (RCR). The development was completed in 1997 and comprises 32 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
LE SHANTIER is a freehold condominium at SHAN ROAD in District 12 (RCR), developed by OVERSEA-CHINESE BANKING CORPORATION LIMITED, comprising 32 units, completed in 1997.
Location & Connectivity
LE SHANTIER is approximately 680m from Novena MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 680m |
| Toa Payoh | North-South Line | 760m |
| Mount Pleasant | Thomson-East Coast Line | 1.2 km |
| Caldecott | Circle Line | 1.5 km |
| Caldecott | Thomson-East Coast Line | 1.5 km |
Schools & Education
22 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 840m |
| Beatty Secondary School | Secondary | 850m |
| CHIJ Secondary (Toa Payoh) | Secondary | 980m |
| New Town Primary School | Primary | 1 km |
| School of Science and Technology | JC | 1 km |
| Saint Joseph's Institution International | International | 1 km |
| St. Joseph's Institution | Secondary | 1.1 km |
| Balestier Hill Primary School | Primary | 1.3 km |
Market Position
LE SHANTIER has recorded 4 sales at an average price of $2,260,319.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,154 psf | — |
| 2022 | 1 | $1,118 psf | ↓ 3.1% |
| 2023 | 1 | $1,539 psf | ↑ 37.6% |
| 2025 | 1 | $1,539 psf | ↑ 0.0% |
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LE SHANTIER prices sit at a fresh series high, now 33.4% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 12 reads 147.7 as of June 2026 — up 14.3% 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 |
|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | $2,730 psf | 741 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | $1,649 psf | 312 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,845 psf | 202 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,711 psf | 150 |
| VERTICUS | Freehold | $2,127 psf | 131 |
What Could Work Against You
- Only 1 transaction 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 32 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
The profile fits long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units) best. Freehold tenure removes lease-decay drag for a 10+ year hold.
car-owning households should treat this as a shortlist candidate, not a default choice.
yield-focused investors and resort facilities should probably look elsewhere. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
LE SHANTIER is a freehold development in District 12 (RCR), with 32 units, offering a gross yield of 2.7%.
At ~$1,539 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full LE SHANTIER dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing LE SHANTIER against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (280m away), an upgrader gap of about $1,400,000
- Toa Payoh — 4-room average $929,793 (510m away), an upgrader gap of about $1,350,000
- Central Area — 4-room average $1,088,814 (2 km away), an upgrader gap of about $1,150,000
FAQ
What is the average PSF for LE SHANTIER?
Is LE SHANTIER freehold?
What is the rental yield for LE SHANTIER?
Which MRT is nearest to LE SHANTIER?
Sources & Next Steps
- LE SHANTIER Dashboard — Live charts and analytics
- URA — Official transaction data
- District 12 (Toa Payoh, Serangoon, Balestier) — District 12 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: 4 transactions
- Rental data: 14 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Dec 2025 · 4 records analysed · Source: URA private-sale caveats