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Condo prices · D14

Simsville

Geylang East Avenue 2 · D14 · Rest of central region · Condominium

The median sale at Simsville was $1,520,000 — $1,364 psf — across 57 transactions between Nov 2021 and Oct 2026. 99-year lease from 1994.

Median price
$1,520,000
57 sales in the window.
Median per sq ft
$1,364 psf
Median unit 1,238 sq ft.
Lease remaining
67 years
99-year lease from 1994

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
$1,891
$1,520,000 over 67 years remaining.
Per sq ft per year
$18.33
What a square foot of this development costs for one year of lease.
Lease expires
2093
32 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$1127
  • 2022five sales$1181
  • 2023nine sales$1309
  • 202414 sales$1341
  • 2025seven sales$1429
  • 202619 sales$1472
Show the figures
YearMedian pricePer sq ftSales
2021$1,380,000$1,127 psf3
2022$1,475,000$1,181 psf5
2023$1,300,000$1,309 psf9
2024$1,669,000$1,341 psf14
2025$1,400,000$1,429 psf7
2026$1,750,000$1,472 psf19

What it rents for

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

Median rent per sq ft
$4.19
A month. Middle half of contracts ran $3.98 to $4.49.
Gross yield
3.69%
A year of median rent against the median sale price.
Median sale per sq ft
$1,364 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 D14

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.