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Condo prices · D03

Principal Garden

Prince Charles Crescent · D03 · Rest of central region · Condominium

The median sale at Principal Garden was $1,610,000 — $2,046 psf — across 207 transactions between Oct 2021 and Oct 2026. 99-year lease from 2014.

Median price
$1,610,000
207 sales in the window.
Median per sq ft
$2,046 psf
Median unit 786 sq ft.
Lease remaining
87 years
99-year lease from 2014

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
$1,542
$1,610,000 over 87 years remaining.
Per sq ft per year
$23.55
What a square foot of this development costs for one year of lease.
Lease expires
2113
12 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 up 14 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 202113 sales$1941
  • 202248 sales$1961
  • 202338 sales$2051
  • 202441 sales$2163
  • 202549 sales$2163
  • 202618 sales$2210
Show the figures
YearMedian pricePer sq ftSales
2021$1,568,000$1,941 psf13
2022$1,495,000$1,961 psf48
2023$1,580,000$2,051 psf38
2024$1,710,000$2,163 psf41
2025$1,700,000$2,163 psf49
2026$1,785,000$2,210 psf18

What it rents for

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

Median rent per sq ft
$6.60
A month. Middle half of contracts ran $6.08 to $6.94.
Gross yield
3.87%
A year of median rent against the median sale price.
Median sale per sq ft
$2,046 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 D03

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.