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Condo prices · D09

The Scotts Tower

Scotts Road · D09 · Core central region · Condominium

The median sale at The Scotts Tower was $1,750,000 — $2,046 psf — across 27 transactions between Oct 2021 and Oct 2026. 103-year lease from 2010.

Median price
$1,750,000
27 sales in the window.
Median per sq ft
$2,046 psf
Median unit 807 sq ft.
Lease remaining
87 years
103-year lease from 2010

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
$1,676
$1,750,000 over 87 years remaining.
Per sq ft per year
$24.92
What a square foot of this development costs for one year of lease.
Lease expires
2113
16 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$2271
  • 2022one sale$1980
  • 2023two sales$2080
  • 2024three sales$1980
  • 2025four sales$2120
  • 202614 sales$1997
Show the figures
YearMedian pricePer sq ftSales
2021$1,850,000$2,271 psf3
2022$1,300,000$1,980 psf1
2023$1,769,000$2,080 psf2
2024$1,300,000$1,980 psf3
2025$1,825,000$2,120 psf4
2026$1,525,000$1,997 psf14

What it rents for

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

Median rent per sq ft
$6.60
A month. Middle half of contracts ran $6.19 to $6.82.
Gross yield
3.87%
A year of median rent against the median sale price.
Median sale per sq ft
$2,046 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 D09

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.