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Condo prices · D28

Seletar Springs Condominium

Gerald Drive · D28 · Outside central region · Condominium

The median sale at Seletar Springs Condominium was $1,317,000 — $980 psf — across 76 transactions between Oct 2021 and Oct 2026. 99-year lease from 1997.

Median price
$1,317,000
76 sales in the window.
Median per sq ft
$980 psf
Median unit 1,335 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
$1,568
$1,317,000 over 70 years remaining.
Per sq ft per year
$14.10
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 38 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021nine sales$813
  • 202216 sales$889
  • 202315 sales$975
  • 202413 sales$1000
  • 202513 sales$1049
  • 202610 sales$1120
Show the figures
YearMedian pricePer sq ftSales
2021$1,085,000$813 psf9
2022$1,200,000$889 psf16
2023$1,270,000$975 psf15
2024$1,380,000$1,000 psf13
2025$1,438,000$1,049 psf13
2026$1,592,500$1,120 psf10

What it rents for

URA’s median of rental contracts lodged at Seletar Springs Condominium in 2025Q4, per square foot per month.

Median rent per sq ft
$2.95
A month. Middle half of contracts ran $2.80 to $3.20.
Gross yield
3.61%
A year of median rent against the median sale price.
Median sale per sq ft
$980 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 D28

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.