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Condo prices · D08

Forte Suites

Mergui Road · D08 · Rest of central region · Apartment

The median sale at Forte Suites was $1,160,000 — $1,825 psf — across 23 transactions between June 2022 and Aug 2026. Freehold.

Median price
$1,160,000
23 sales in the window.
Median per sq ft
$1,825 psf
Median unit 624 sq ft.
Lease remaining
Freehold
Freehold

What it costs per month of lease

Forte Suites is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

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.

  • 2022three sales$1793
  • 2023five sales$1842
  • 2024six sales$1858
  • 2025four sales$1834
  • 2026five sales$1843
Show the figures
YearMedian pricePer sq ftSales
2022$1,115,000$1,793 psf3
2023$1,123,000$1,842 psf5
2024$1,175,000$1,858 psf6
2025$1,028,500$1,834 psf4
2026$1,250,000$1,843 psf5

What it rents for

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

Median rent per sq ft
$5.78
A month. Middle half of contracts ran $5.61 to $6.47.
Gross yield
3.80%
A year of median rent against the median sale price.
Median sale per sq ft
$1,825 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 D08

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.