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Condo prices · D01

People's Park Complex

Park Road · D01 · Rest of central region · Apartment

The median sale at People's Park Complex was $1,060,000 — $1,196 psf — across 41 transactions between Oct 2021 and Sept 2026. 99-year lease from 1968.

Median price
$1,060,000
41 sales in the window.
Median per sq ft
$1,196 psf
Median unit 1,119 sq ft.
Lease remaining
41 years
99-year lease from 1968

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
$2,154
$1,060,000 over 41 years remaining.
Per sq ft per year
$23.10
What a square foot of this development costs for one year of lease.
Lease expires
2067
59 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.

  • 2021five sales$883
  • 2022eight sales$970
  • 2023two sales$1170
  • 2024eight sales$1198
  • 202515 sales$1251
  • 2026three sales$1161
Show the figures
YearMedian pricePer sq ftSales
2021$700,000$883 psf5
2022$1,030,944$970 psf8
2023$815,000$1,170 psf2
2024$860,000$1,198 psf8
2025$1,317,000$1,251 psf15
2026$1,200,000$1,161 psf3

What it rents for

URA’s median of rental contracts lodged at People's Park Complex in 2026Q3, per square foot per month.

Median rent per sq ft
$6.11
A month. Middle half of contracts ran $4.80 to $6.39.
Gross yield
6.13%
A year of median rent against the median sale price.
Median sale per sq ft
$1,196 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 D01

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.