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MILLAGE

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Project Information

Project Name

MILLAGE

Street Name

Changi Road

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D14 / Geylang

Completion

2016

Number of units

70 units

Indicative price range / Average*

S$ 1,256 - S$ 1,545 psf / S$ 1,448 psf

Indicative rental range / Average*

S$ 4.12 - S$ 7.27 psf pm / S$ 5.77 psf pm

Implied rental yield

4.78%

Historical high

S$ 1,654 psf in May 2022 for a 441-sqft unit

Indicative average price from historical high

-12.5%

Historical low

S$ 889 psf in Apr 2012 for a 893-sqft unit

Buyer profile by status#

Singaporean 85.0%, PR 12.5%, Foreigner 2.5%, Company 0.0%

Buyer profile by purchaser address#

HDB 64.6%, Private 35.4%

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
(%)
MILLAGE Freehold 2016 - 1,256 1,448 1,545 4.12 5.71 7.27 4.7
PARK COURT Freehold 1995 198 1,242 1,242 1,242 2.76 3.03 3.37 2.9
JUPITER 18 Freehold 2014 217 1,173 1,265 1,356 3.60 5.71 6.89 5.4
PARC ESTA 99 yrs FROM 2018 2022 420 1,760 2,070 2,275 4.93 7.38 10.00 4.3
ATLASSIA Freehold Uncompleted 464 2,036 2,057 2,078 - - - -
EVERITT EDGE Freehold 2015 465 1,363 1,363 1,363 - - - -
JC RESIDENCE Freehold 2007 503 1,387 1,387 1,387 - - - -
KATONG REGENCY Freehold 2015 515 1,851 1,851 1,851 3.74 5.70 7.64 3.7
LEGENDA AT JOO CHIAT 99 Yrs FROM 2001 2004 558 1,263 1,319 1,347 2.78 4.04 5.26 3.7
ONAN SUITES Freehold 2012 575 1,264 1,264 1,264 3.62 4.30 5.38 4.1

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

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 2 Jun 2017

(Now known as Parc Esta)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 34,998.0
Site GFA (sqm) 97,994.0
Highest bid ($m) 959.8
Highest bid ($psf) 909,912,000.0
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 MCL Land

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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