Penang Service Apartments
Located in District 14 (Geylang, Eunos), Penang Service Apartments is a freehold condominium in the Rest of Central Region (RCR). Sale and rental figures on this page are compiled from URA transaction records. Nearby developments in District 14 can be compared on ShiokNest's district analytics pages.
Over the 12 months to May 2025, Penang Service Apartments recorded 3 rental contracts at a median $4,800/mo. Source: URA caveat data, as of May 2025.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| May-25 | $1,238,888 | $1,224 psf | 1,012 sqft | 01 to 05 | 3BR |
| Dec-24 | $1,318,888 | $1,145 psf | 1,152 sqft | 01 to 05 | 3BR |
| Jan-24 | $1,298,888 | $1,128 psf | 1,152 sqft | 01 to 05 | 3BR |
| Apr-23 | $1,198,000 | $1,184 psf | 1,012 sqft | 01 to 05 | 3BR |
| Mar-22 | $1,180,888 | $1,025 psf | 1,152 sqft | 06 to 10 | 3BR |
| Nov-21 | $1,003,888 | $992 psf | 1,012 sqft | 06 to 10 | 3BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.