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CENTRAL GROVE

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Project Information

Project Name

CENTRAL GROVE

Street Name

Geylang East Avenue 1

Property Type

Condominium

Tenure

99 yrs FROM 1997

District / Planning Area

D14 / Geylang

Completion

2001

Number of units

262 units

Indicative price range / Average*

S$ 1,125 - S$ 1,125 psf / S$ 1,125 psf

Indicative rental range / Average*

S$ 1.92 - S$ 4.52 psf pm / S$ 3.20 psf pm

Implied rental yield

3.41%

Historical high

S$ 1,247 psf in May 2022 for a 1,023-sqft unit

Indicative average price from historical high

-9.8%

Historical low

S$ 366 psf in May 2005 for a 1,701-sqft unit

Buyer profile by status#

Singaporean 80.2%, PR 13.2%, Foreigner 5.4%, Company 0.4%

Buyer profile by purchaser address#

HDB 60.8%, Private 39.2%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
CENTRAL GROVE 99 yrs FROM 1997 2001 - 1,125 1,125 1,125 1.92 3.15 4.24 3.4
TRE RESIDENCES 99 yrs FROM 2014 2018 112 1,463 1,603 1,787 2.11 5.58 7.64 4.2
SMART SUITES Freehold 2014 127 1,191 1,298 1,507 3.87 5.12 6.89 4.7
CENTRA SUITES Freehold 2012 216 1,512 1,512 1,512 5.11 5.87 6.67 4.7
THE ALCOVE 99 yrs FROM 2000 2004 250 794 902 1,009 2.62 3.12 3.63 4.1
CAMELLIA LODGE Freehold 1997 254 1,111 1,111 1,111 3.22 3.53 3.84 3.8
THE CENTREN Freehold 2016 271 1,229 1,229 1,229 5.38 5.42 5.45 5.3
TORIEVIEW MANSIONS Freehold 1995 275 862 862 862 1.91 2.69 3.53 3.7
ZYANYA Freehold Uncompleted 287 1,620 1,909 2,091 - - - -
CENTRA STUDIOS Freehold 2012 305 1,649 1,649 1,649 5.33 6.83 8.29 5.0

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

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Status Name Location Land attributes Estimated Breakeven

on 30 Apr 2014

(Now known as Sims Urban Oasis)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 23,900.0
Site GFA (sqm) 71,700.0
Highest bid ($m) 530.9
Highest bid ($psf) 687.9
Number of bids 4
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer First Changi Development Pte Ltd

on 24 Jan 2014

(Now known as TRE Residences)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 6,238.1
Site GFA (sqm) 17,467.0
Highest bid ($m) 145.9
Highest bid ($psf) 776.0
Number of bids 16
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer S L (Serangoon) Pte Ltd

on 5 Apr 2019

(Now known as Penrose)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 16,225.0
Site GFA (sqm) 48,676.0
Highest bid ($m) 383.5
Highest bid ($psf) 732.0
Number of bids 5
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Intrepid Investments Pte. Ltd. and CDL Constellation Pte. Ltd.

on 2 Oct 2017

(Now known as Arena Residences)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 2,378.4
Site GFA (sqm) 6,659.5
Highest bid ($m) 56.0
Highest bid ($psf) 781.0
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer RH Guillemard (associate company of Roxy Pacific )

on 5 Mar 2018

(Now known as Rezi 24)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 2,433.0
Site GFA (sqm) 6,812.0
Highest bid ($m) 60.0
Highest bid ($psf) 818.0
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer KSH Holdings, Lian Beng Group, Heeton Holdings

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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