Square Foot Research Singapore

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PENANG SERVICE APARTMENTS

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Project Information

Project Name

PENANG SERVICE APARTMENTS

Street Name

Lorong 34 Geylang

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D14 / Geylang

Completion

1994

Number of units

Unknown

Indicative price range / Average*

S$ 1,025 - S$ 1,025 psf / S$ 1,025 psf

Indicative rental range / Average*

S$ 2.86 - S$ 2.86 psf pm / S$ 2.86 psf pm

Implied rental yield

3.34%

Historical high

S$ 1,025 psf in Mar 2022 for a 1,152-sqft unit

Indicative average price from historical high

0.0%

Historical low

S$ 260 psf in May 2008 for a 1,152-sqft unit

Buyer profile by status#

Singaporean 50.0%, PR 0.0%, Foreigner 50.0%, Company 0.0%

Buyer profile by purchaser address#

HDB 25.0%, Private 75.0%

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 50)

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

Rental Comparison (Up to 50)

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

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rentals are based on data in the past 6 months.
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
(%)
PENANG SERVICE APARTMENTS Freehold 1994 - 1,025 1,025 1,025 2.86 2.86 2.86 3.3
THE ALCOVE 99 yrs FROM 2000 2004 404 769 894 984 2.04 2.60 2.96 3.5
SIMS RESIDENCES 99 yrs FROM 1997 2002 491 964 964 964 2.05 2.32 2.61 2.9
ASTON MANSIONS 99 yrs FROM 1995 1998 342 877 965 1,053 2.40 2.86 3.43 3.6
SIMS GREEN 99 yrs FROM 2001 2003 378 949 980 1,024 1.80 2.75 3.37 3.4
BLOSSOM VIEW Freehold 1997 340 1,000 1,000 1,000 2.76 2.86 2.95 3.4
THE MIDAS Freehold 2008 174 1,008 1,008 1,008 2.52 2.88 3.24 3.4
BALMY COURT Freehold 1998 305 1,054 1,054 1,054 3.20 3.59 4.67 4.1
SUITES 28 Freehold 2014 199 809 1,095 1,276 1.89 3.76 5.56 4.1
GRANDLINK SQUARE Freehold 2000 444 1,080 1,116 1,152 2.22 2.61 3.11 2.8
CENTRAL GROVE 99 yrs FROM 1997 2001 475 1,108 1,141 1,174 2.32 2.79 3.76 2.9
CASSIA EDGE Freehold 2015 277 1,165 1,165 1,165 2.40 3.40 5.11 3.5
THE CENTREN Freehold 2016 453 1,174 1,174 1,174 1.37 3.40 4.64 3.5
SIMSVILLE 99 Yrs FROM 1994 1998 442 1,174 1,174 1,174 2.19 3.13 3.89 3.2
PALM LODGE Freehold 1992 330 1,178 1,178 1,178 2.06 2.24 2.42 2.3
# 1 LOFT Freehold 2016 458 1,202 1,202 1,202 3.45 4.16 5.82 4.1
CASSIA VIEW Freehold 1998 280 1,211 1,211 1,211 2.40 2.84 3.20 2.8
SIMS EDGE Freehold 2014 337 1,096 1,213 1,330 3.31 4.26 5.18 4.2
CASA AERATA Freehold 2012 307 1,224 1,224 1,224 3.23 4.84 6.86 4.7
ATRIUM RESIDENCES Freehold 2008 187 1,176 1,235 1,271 1.95 3.00 4.12 2.9
CENTRAL MEADOWS Freehold 2002 138 1,239 1,239 1,239 2.86 2.86 2.86 2.8
THE SUNNY SPRING Freehold 1998 246 1,181 1,258 1,306 2.17 2.70 3.43 2.6
SMART SUITES Freehold 2014 441 1,121 1,267 1,493 3.41 4.49 5.33 4.3
REZI 26 Freehold 2015 291 818 1,284 1,452 3.14 4.24 6.00 4.0
NESS Freehold 2015 117 1,062 1,312 1,493 3.18 4.46 6.57 4.1
THE SANCTUARY @ GEYLANG Freehold 2014 125 1,276 1,323 1,354 4.00 4.12 4.18 3.7
LA BRISA Freehold 2012 295 1,322 1,330 1,338 3.27 4.24 6.18 3.8
LA FLEUR Freehold 2014 351 1,267 1,343 1,418 3.08 4.29 5.56 3.8
IDYLLIC SUITES Freehold 2014 140 1,323 1,352 1,378 3.91 4.75 6.67 4.2
EDENZ SUITES Freehold 2015 212 1,355 1,355 1,355 2.59 4.13 5.44 3.7
CENTRA LOFT Freehold 2013 182 1,072 1,357 1,501 2.63 4.48 5.33 4.0
EDENZ LOFT Freehold 2015 467 1,360 1,360 1,360 2.61 3.88 4.89 3.4
THE OCTET Freehold 2016 472 1,175 1,360 1,477 3.56 4.57 6.00 4.0
VIENTO Freehold 2013 178 1,357 1,371 1,384 3.55 4.15 5.56 3.6
MELOSA Freehold 2013 261 1,366 1,405 1,452 2.93 4.25 5.78 3.6
THE WATERINA Freehold 2005 321 1,421 1,421 1,421 2.67 3.22 4.15 2.7
CENTRA SUITES Freehold 2012 500 1,428 1,428 1,428 3.13 4.45 6.57 3.7
METRO LOFT Freehold 2016 457 1,440 1,440 1,440 4.22 4.87 5.56 4.1
PARK 1 SUITES Freehold 2017 209 1,286 1,453 1,588 2.85 3.88 4.38 3.2
THE WATER EDGE Freehold 2013 135 1,427 1,462 1,514 2.35 4.66 6.86 3.8
LOFT 33 Freehold 2016 79 1,460 1,463 1,465 1.93 2.04 2.15 1.7
GUILLEMARD EDGE Freehold 2014 237 1,006 1,495 1,596 2.57 4.28 6.00 3.4
SILVERSCAPE Freehold 2015 98 1,506 1,511 1,516 3.27 4.39 5.56 3.5
REZI 3TWO Freehold 2017 162 1,442 1,518 1,593 3.85 4.61 5.56 3.6
BAODE BUILDING Freehold 1991 237 1,572 1,572 1,572 2.96 2.96 2.96 2.3
CENTRA HEIGHTS Freehold 2014 342 1,577 1,623 1,668 3.37 4.67 5.78 3.5

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 Street Name Location Land attributes Estimated Breakeven

Sold on 24 Jan 2014

Geylang East Avenue 1 (Now known as TRE Residences)

Site use Residential
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
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

Sold on 2 Oct 2017

Guillemard Lane 2, 6, 12, 14 (Now known as Arena Residences)

Site use Residential
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
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

Sold on 5 Mar 2018

Residence 1 and odd numbered units from 31 to 51 Lorong 24 Geylang (En Bloc) (Now known as Rezi 24)

Site use Residential
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
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

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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