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Condo prices · D10

St Martin Residence

St. Martin's Drive · D10 · Core central region · Condominium

The median sale at St Martin Residence was $3,750,000 — $2,323 psf — across 15 transactions between Jan 2022 and Oct 2026. Freehold.

Figures here are based on 15 sales.

Median price
$3,750,000
15 sales in the window.
Median per sq ft
$2,323 psf
Median unit 1,528 sq ft.
Lease remaining
Freehold
Freehold

What it costs per month of lease

St Martin Residence 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

The median moved down 4 per cent a square foot between 2022 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2022four sales$2400
  • 2024four sales$1723
  • 2025three sales$2499
  • 2026four sales$2314
Show the figures
YearMedian pricePer sq ftSales
2022$2,855,000$2,400 psf4
2024$4,019,000$1,723 psf4
2025$3,820,000$2,499 psf3
2026$2,230,000$2,314 psf4

What it rents for

URA’s median of rental contracts lodged at St Martin Residence in 2024Q2, per square foot per month.

Median rent per sq ft
$5.26
A month. Middle half of contracts ran $4.94 to $6.73.
Gross yield
2.72%
A year of median rent against the median sale price.
Median sale per sq ft
$2,323 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.