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Condo prices · D20

Rafflesia Condominium

Bishan Street 21 · D20 · Rest of central region · Condominium

The median sale at Rafflesia Condominium was $1,655,000 — $1,495 psf — across 48 transactions between Jan 2022 and Sept 2026. 99-year lease from 1997.

Median price
$1,655,000
48 sales in the window.
Median per sq ft
$1,495 psf
Median unit 1,195 sq ft.
Lease remaining
70 years
99-year lease from 1997

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
$1,970
$1,655,000 over 70 years remaining.
Per sq ft per year
$19.79
What a square foot of this development costs for one year of lease.
Lease expires
2096
29 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 25 per cent a square foot between 2022 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 202216 sales$1319
  • 202310 sales$1418
  • 2024three sales$1532
  • 202512 sales$1568
  • 2026seven sales$1653
Show the figures
YearMedian pricePer sq ftSales
2022$1,655,000$1,319 psf16
2023$1,590,000$1,418 psf10
2024$1,830,000$1,532 psf3
2025$1,455,000$1,568 psf12
2026$2,120,000$1,653 psf7

What it rents for

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

Median rent per sq ft
$3.99
A month. Middle half of contracts ran $3.81 to $4.11.
Gross yield
3.20%
A year of median rent against the median sale price.
Median sale per sq ft
$1,495 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 D20

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.