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Condo prices · D03

Alex Residences

Alexandra View · D03 · Rest of central region · Apartment

The median sale at Alex Residences was $1,550,000 — $2,141 psf — across 110 transactions between Nov 2021 and Oct 2026. 99-year lease from 2013.

Median price
$1,550,000
110 sales in the window.
Median per sq ft
$2,141 psf
Median unit 678 sq ft.
Lease remaining
86 years
99-year lease from 2013

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,502
$1,550,000 over 86 years remaining.
Per sq ft per year
$26.58
What a square foot of this development costs for one year of lease.
Lease expires
2112
13 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$2002
  • 202222 sales$1949
  • 202322 sales$2072
  • 202420 sales$2131
  • 202526 sales$2261
  • 202618 sales$2296
Show the figures
YearMedian pricePer sq ftSales
2021$1,597,500$2,002 psf2
2022$1,525,000$1,949 psf22
2023$1,404,000$2,072 psf22
2024$1,685,000$2,131 psf20
2025$1,570,000$2,261 psf26
2026$1,759,444$2,296 psf18

What it rents for

URA’s median of rental contracts lodged at Alex Residences in 2026Q3, per square foot per month.

Median rent per sq ft
$7.02
A month. Middle half of contracts ran $6.60 to $7.60.
Gross yield
3.93%
A year of median rent against the median sale price.
Median sale per sq ft
$2,141 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D03

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.