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Condo prices · D15

Silversea

Marine Parade Road · D15 · Rest of central region · Condominium

The median sale at Silversea was $3,250,000 — $2,044 psf — across 107 transactions between Nov 2021 and Sept 2026. 99-year lease from 2007.

Median price
$3,250,000
107 sales in the window.
Median per sq ft
$2,044 psf
Median unit 1,518 sq ft.
Lease remaining
80 years
99-year lease from 2007

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
$3,385
$3,250,000 over 80 years remaining.
Per sq ft per year
$26.77
What a square foot of this development costs for one year of lease.
Lease expires
2106
19 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.

  • 2021three sales$1764
  • 202223 sales$1932
  • 202312 sales$1873
  • 202429 sales$2123
  • 202518 sales$2144
  • 202622 sales$2177
Show the figures
YearMedian pricePer sq ftSales
2021$2,675,000$1,764 psf3
2022$3,541,000$1,932 psf23
2023$1,990,000$1,873 psf12
2024$3,200,000$2,123 psf29
2025$3,280,000$2,144 psf18
2026$3,280,000$2,177 psf22

What it rents for

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

Median rent per sq ft
$5.57
A month. Middle half of contracts ran $5.29 to $6.00.
Gross yield
3.27%
A year of median rent against the median sale price.
Median sale per sq ft
$2,044 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 D15

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.