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Condo prices · D05

Varsity Park Condominium

West Coast Road · D05 · Outside central region · Condominium

The median sale at Varsity Park Condominium was $2,210,000 — $1,433 psf — across 81 transactions between Oct 2021 and Oct 2026. 99-year lease from 2004.

Median price
$2,210,000
81 sales in the window.
Median per sq ft
$1,433 psf
Median unit 1,496 sq ft.
Lease remaining
77 years
99-year lease from 2004

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
$2,392
$2,210,000 over 77 years remaining.
Per sq ft per year
$19.18
What a square foot of this development costs for one year of lease.
Lease expires
2103
22 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

The median moved up 22 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021four sales$1226
  • 202214 sales$1237
  • 202319 sales$1403
  • 202413 sales$1461
  • 202518 sales$1578
  • 202613 sales$1496
Show the figures
YearMedian pricePer sq ftSales
2021$1,665,000$1,226 psf4
2022$2,025,000$1,237 psf14
2023$2,100,000$1,403 psf19
2024$2,250,000$1,461 psf13
2025$2,305,000$1,578 psf18
2026$2,415,000$1,496 psf13

What it rents for

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

Median rent per sq ft
$4.30
A month. Middle half of contracts ran $3.74 to $4.57.
Gross yield
3.60%
A year of median rent against the median sale price.
Median sale per sq ft
$1,433 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 D05

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.