Skip to content
dailystudysgDaily Study SG

Condo prices · D04

Cape Royale

Cove Way · D04 · Core central region · Condominium

The median sale at Cape Royale was $5,465,650 — $2,200 psf — across 118 transactions between June 2022 and July 2026. 99-year lease from 2008.

Median price
$5,465,650
118 sales in the window.
Median per sq ft
$2,200 psf
Median unit 2,508 sq ft.
Lease remaining
81 years
99-year lease from 2008

Cape Royale saw three sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

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
$5,623
$5,465,650 over 81 years remaining.
Per sq ft per year
$26.90
What a square foot of this development costs for one year of lease.
Lease expires
2107
18 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.

  • 202246 sales$2173
  • 202342 sales$2221
  • 202415 sales$2234
  • 202513 sales$2253
  • 2026two sales$1997
Show the figures
YearMedian pricePer sq ftSales
2022$4,320,300$2,173 psf46
2023$5,547,450$2,221 psf42
2024$4,368,000$2,234 psf15
2025$5,649,700$2,253 psf13
2026$3,440,000$1,997 psf2

What it rents for

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

Median rent per sq ft
$5.75
A month. Middle half of contracts ran $5.56 to $6.08.
Gross yield
3.14%
A year of median rent against the median sale price.
Median sale per sq ft
$2,200 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 D04

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.