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Condo prices · D28

Gerald Residence

Gerald Drive · D28 · Outside central region · Terrace

The median sale at Gerald Residence was $3,860,000 — $2,362 psf of land — across one transaction between April 2025 and April 2025. 999-year lease from 1879.

Figures here are based on a single sale, so treat it as an anecdote rather than a rate.

Median price
$3,860,000
one sale in the window.
Median per sq ft of land
$2,362 psf
Median unit 1,634 sq ft.
Lease remaining
852 years
999-year lease from 1879

Gerald Residence saw zero 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
$378
$3,860,000 over 852 years remaining.
Per sq ft per year
$2.77
What a square foot of this development costs for one year of lease.
Lease expires
2878
15 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.

  • 2025one sale$2362
Show the figures
YearMedian pricePer sq ft of landSales
2025$3,860,000$2,362 psf1

Other landed housing in D28

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.