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Condo prices · D23

Eco Sanctuary

Chestnut Avenue · D23 · Outside central region · Condominium

The median sale at Eco Sanctuary was $1,200,000 — $1,548 psf — across 97 transactions between Oct 2021 and Sept 2026. 99-year lease from 2012.

Median price
$1,200,000
97 sales in the window.
Median per sq ft
$1,548 psf
Median unit 775 sq ft.
Lease remaining
85 years
99-year lease from 2012

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
$1,176
$1,200,000 over 85 years remaining.
Per sq ft per year
$18.22
What a square foot of this development costs for one year of lease.
Lease expires
2111
14 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

The median moved up 26 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021eight sales$1303
  • 202224 sales$1387
  • 202324 sales$1563
  • 202421 sales$1652
  • 202512 sales$1647
  • 2026eight sales$1645
Show the figures
YearMedian pricePer sq ftSales
2021$960,900$1,303 psf8
2022$1,330,000$1,387 psf24
2023$1,147,000$1,563 psf24
2024$1,230,000$1,652 psf21
2025$1,161,000$1,647 psf12
2026$1,430,000$1,645 psf8

What it rents for

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

Median rent per sq ft
$4.78
A month. Middle half of contracts ran $4.50 to $5.09.
Gross yield
3.70%
A year of median rent against the median sale price.
Median sale per sq ft
$1,548 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 D23

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.