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Condo prices · D22

Lakepoint Condominium

Lakepoint Drive · D22 · Outside central region · Condominium

The median sale at Lakepoint Condominium was $1,669,000 — $862 psf — across 48 transactions between Aug 2022 and Sept 2026. 99-year lease from 1983.

Median price
$1,669,000
48 sales in the window.
Median per sq ft
$862 psf
Median unit 1,884 sq ft.
Lease remaining
56 years
99-year lease from 1983

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
$2,484
$1,669,000 over 56 years remaining.
Per sq ft per year
$15.82
What a square foot of this development costs for one year of lease.
Lease expires
2082
43 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 down 5 per cent a square foot between 2022 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2022nine sales$889
  • 2023seven sales$809
  • 2024eight sales$867
  • 202512 sales$878
  • 202612 sales$842
Show the figures
YearMedian pricePer sq ftSales
2022$930,000$889 psf9
2023$1,680,000$809 psf7
2024$1,672,944$867 psf8
2025$1,709,000$878 psf12
2026$1,669,000$842 psf12

What it rents for

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

Median rent per sq ft
$2.92
A month. Middle half of contracts ran $2.49 to $3.50.
Gross yield
4.06%
A year of median rent against the median sale price.
Median sale per sq ft
$862 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 D22

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.