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Condo prices · D10

Ridgewood

Mount Sinai Drive · D10 · Core central region · Condominium, Strata Terrace

The median sale at Ridgewood was $3,200,000 — $1,754 psf — across 44 transactions between July 2022 and Sept 2026. 999-year lease from 1885.

Median price
$3,200,000
44 sales in the window.
Median per sq ft
$1,754 psf
Median unit 1,744 sq ft.
Lease remaining
858 years
999-year lease from 1885

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
$311
$3,200,000 over 858 years remaining.
Per sq ft per year
$2.14
What a square foot of this development costs for one year of lease.
Lease expires
2884
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.

  • 2022three sales$1620
  • 2023six sales$1714
  • 202411 sales$1723
  • 202516 sales$1788
  • 2026eight sales$1774
Show the figures
YearMedian pricePer sq ftSales
2022$2,825,000$1,620 psf3
2023$2,875,000$1,714 psf6
2024$3,268,000$1,723 psf11
2025$3,375,000$1,788 psf16
2026$3,068,444$1,774 psf8

What it rents for

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

Median rent per sq ft
$3.47
A month. Middle half of contracts ran $3.21 to $3.72.
Gross yield
2.37%
A year of median rent against the median sale price.
Median sale per sq ft
$1,754 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 D10

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.