Smart Suites
Sims Avenue · D14 · Rest of central region · Apartment
The median sale at Smart Suites was $802,500 — $1,489 psf — across 16 transactions between Jan 2022 and Oct 2026. Freehold.
Figures here are based on 16 sales.
Smart Suites saw one sale in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.
What it costs per month of lease
Smart Suites is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.
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.
- 2022six sales$1194
- 2023four sales$1369
- 2024three sales$1545
- 2025two sales$1567
- 2026one sale$1143
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2022 | $1,049,000 | $1,194 psf | 6 |
| 2023 | $926,500 | $1,369 psf | 4 |
| 2024 | $790,000 | $1,545 psf | 3 |
| 2025 | $733,444 | $1,567 psf | 2 |
| 2026 | $1,280,000 | $1,143 psf | 1 |
What it rents for
URA’s median of rental contracts lodged at Smart Suites in 2024Q4, per square foot per month.
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
- Parc Esta · $2,203 psf
- Sims Urban Oasis · $1,807 psf
- Euhabitat · $1,394 psf
- Penrose · $2,037 psf
- Park Place Residences At Plq · $2,237 psf
- Simsville · $1,364 psf
- The Antares · $1,997 psf
- Vacanza @ East · $1,459 psf
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.