The Park Vale
The Park Vale is a 999-year leasehold condominium located in District 11 (Watten Estate, Novena, Thomson), part of the Core Central Region (CCR). Completed in 1997, the development comprises 40 units, on a lease that commenced in 1874. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
THE PARK VALE
Over the 12 months to Apr 2026, The Park Vale recorded 2 resale transactions at a median $1,873 psf (median price $3,110,000), and 4 rental contracts at a median $6,450/mo, a gross rental yield of 2.5%. Source: URA caveat data, as of Apr 2026.
The Park Vale's median of $1,873 psf over the trailing 12 months places its pricing below roughly 59% of District 11 condos; resale liquidity has been limited with 2 caveats lodged; the 2.5% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Apr-26 | $3,500,000 | $1,817 psf | 1,927 sqft | 01 to 05 | 5BR |
| Mar-26 | $2,720,000 | $1,929 psf | 1,410 sqft | 01 to 05 | 4BR |
| Jul-24 | $2,450,000 | $1,806 psf | 1,356 sqft | 01 to 05 | 4BR |
| Sep-23 | $3,500,000 | $1,720 psf | 2,034 sqft | 01 to 05 | 5BR |
| Mar-23 | $2,000,000 | $1,787 psf | 1,119 sqft | 01 to 05 | 3BR |
| Aug-21 | $2,230,000 | $1,581 psf | 1,410 sqft | 01 to 05 | 4BR |
Can I afford The Park Vale?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $3,110,000.
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.