The Richmond
The Richmond is a freehold condominium in District 12 (Toa Payoh, Serangoon, Balestier), within Singapore's Rest of Central Region (RCR). Completed in 1999, the development comprises 38 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
THE RICHMOND is a freehold condominium at ST. MICHAEL'S ROAD in District 12 (RCR), developed by TRIO - UNITED REALTY PTE LTD, comprising 38 units, completed in 1999.
Location & Connectivity
THE RICHMOND is approximately 680m from Boon Keng MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Boon Keng | North-East Line | 680m |
| Geylang Bahru | Downtown Line | 860m |
| Potong Pasir | North-East Line | 870m |
| Bendemeer | Downtown Line | 1.2 km |
Schools & Education
12 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bendemeer Primary School | Primary | 390m |
| Bendemeer Secondary School | Secondary | 390m |
| Hong Wen School | Primary | 980m |
| Stamford Primary School | Primary | 1.2 km |
| Assumption Pathway School | Secondary | 1.2 km |
| Balestier Hill Primary School | Primary | 1.5 km |
| School of Science and Technology | JC | 1.5 km |
| Beatty Secondary School | Secondary | 1.6 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 7 | $1,431 psf | $1,782,857 |
| 4 BR | 1 | $1,302 psf | $2,060,000 |
Market Position
THE RICHMOND has recorded 8 sales at an average price of $1,817,500.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,115 psf | — |
| 2022 | 2 | $1,332 psf | ↑ 19.5% |
| 2023 | 2 | $1,447 psf | ↑ 8.7% |
| 2024 | 2 | $1,543 psf | ↑ 6.6% |
| 2025 | 1 | $1,562 psf | ↑ 1.2% |
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The latest reading marks the highest point in this series — THE RICHMOND prices have climbed 40.1% since 2021.
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
- With just 1 sale in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 38-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits families with young children, car-owning households, long-term hold (10+ yr) and freehold / generational hold best. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
mrt-walkable commuters and yield-focused investors should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for en-bloc speculators and resort facilities — other options likely serve them better. Older site profile in an en-bloc-active cluster — speculative upside if collective sale activates.
Verdict
THE RICHMOND is a freehold development in District 12 (RCR), with 38 units, offering a gross yield of 2.4%.
At ~$1,562 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full THE RICHMOND dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing THE RICHMOND against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (150m away), an upgrader gap of about $950,000
- Toa Payoh — 4-room average $929,793 (830m away), an upgrader gap of about $900,000
- Geylang — 4-room average $761,443 (1.5 km away), an upgrader gap of about $1,050,000
FAQ
What is the average PSF for THE RICHMOND?
Is THE RICHMOND freehold?
What is the rental yield for THE RICHMOND?
Which MRT is nearest to THE RICHMOND?
Sources & Next Steps
- THE RICHMOND 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: 8 transactions
- Rental data: 18 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2025 · 8 records analysed · Source: URA private-sale caveats