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Condo prices · D09

Horizon Towers

Leonie Hill · D09 · Core central region · Condominium

The median sale at Horizon Towers was $3,365,000 — $1,381 psf — across 32 transactions between July 2023 and March 2026. 99-year lease from 1979.

Median price
$3,365,000
32 sales in the window.
Median per sq ft
$1,381 psf
Median unit 2,379 sq ft.
Lease remaining
52 years
99-year lease from 1979

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
$5,393
$3,365,000 over 52 years remaining.
Per sq ft per year
$27.20
What a square foot of this development costs for one year of lease.
Lease expires
2078
47 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.

  • 2023one sale$1563
  • 202412 sales$1362
  • 202517 sales$1383
  • 2026two sales$1409
Show the figures
YearMedian pricePer sq ftSales
2023$3,600,000$1,563 psf1
2024$3,215,000$1,362 psf12
2025$3,400,000$1,383 psf17
2026$3,300,000$1,409 psf2

What it rents for

URA’s median of rental contracts lodged at Horizon Towers in 2026Q2, per square foot per month.

Median rent per sq ft
$3.47
A month. Middle half of contracts ran $3.39 to $3.63.
Gross yield
3.02%
A year of median rent against the median sale price.
Median sale per sq ft
$1,381 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 D09

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.