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Condo prices · D23

Michaels' Residences

Almond Avenue · D23 · Outside central region · Semi-Detached, Detached

The median sale at Michaels' Residences was $3,754,000 — $1,411 psf of land — across 14 transactions between Nov 2021 and July 2026. 99-year lease from 2012.

Figures here are based on 14 sales.

Median price
$3,754,000
14 sales in the window.
Median per sq ft of land
$1,411 psf
Median unit 2,469 sq ft.
Lease remaining
85 years
99-year lease from 2012

Michaels' Residences saw three 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
$3,680
$3,754,000 over 85 years remaining.
Per sq ft per year
$17.89
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

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021one sale$1403
  • 2022seven sales$1409
  • 2023one sale$1619
  • 2025four sales$1590
  • 2026one sale$1144
Show the figures
YearMedian pricePer sq ft of landSales
2021$3,120,000$1,403 psf1
2022$3,708,000$1,409 psf7
2023$3,600,000$1,619 psf1
2025$3,950,000$1,590 psf4
2026$4,980,000$1,144 psf1

Other landed housing 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.