Penang Service Apartments

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  See All 3 Photos

Sale Price *

Average
S$ 1,009 psf
Range
S$ 992 - 1,025 psf

Rental Price **

Average
S$ 2.6 psf pm
Range
S$ 2.1 - 2.9 psf pm

Rental Yield **

3.1%

Rental income expressed as a percentage of the property's value.

Amenities

3.2
3.2

Convenience

3.7
3.7

Connectivity

Details

No Data

*Based on transactions in the last 12 month.

**Based on rental data in the last 12 months. May not be representative.

Facilities
2 Facilities Available
Covered car park
Covered car park
24 hours security
24 hours security
Description
Penang Service Apartments is occupying a land size of 567 sqm and a gross floor area of 1,588 sqm, it is a freehold apartment property located at D14 / Geylang.

This development is built in 1994

Based on past property transactions, it is currently sold at a price range of S$ 992 - S$ 1,025 for an average of S$ 1,009 psf. Its highest recorded transaction was S$ 1,025 psf in Mar 2022 for a 1,152-sqft unit and its lowest recorded transaction was S$ 260 psf in May 2008 for a 1,152-sqft unit. Based on records, buyers of this development are Singaporean 75.0%, PR 0.0%, Foreigner 25.0%, Company 0.0%. Its current rental yield is at 3.1%.

The following are amenities within 500m of Penang Service Apartments: 4 Childcare Centre(s), AMERICARE CHILD DEVELOPMENT CENTRE, FIRST JUNIOR PRESCHOOL, MY WORLD PRESCHOOL LTD., MY WORLD @ SIMS.
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Floor Plans
No Data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data
Unit Mix
No Data

Sales Transaction of PENANG SERVICE APARTMENTS (Limited to 10)

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Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source
No Data

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of PENANG SERVICE APARTMENTS
Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source
No data

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
1000 to 1100
3,000
1
1,003,888
1
3.6
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
No Data
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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On SEP 2020
8 Lorong 25A Geylang (Former Advance Apartment)
Site Use
Residential
Tenure
fh
Plot Ratio
2.8
Site Area (sqm)
1,062
Site GFA (sqm)
2,973
Highest Bid ($M)
26500000
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
26.5
Construction ($M)
10.6
Land Financing ($M)
2.3
Profesional / Legal / Taxes ($M)
4.4
Marketing / Others ($M)
2.6
Estimated Total Cost ($M)
46.46
Estimated Breakeven ($psf ppr)
1,452
Sold On JUL 2019
Former Leshan Gardens
Site Use
Residential
Tenure
99
Plot Ratio
2.8
Site Area (sqm)
1,525
Site GFA (sqm)
4,269
Highest Bid ($M)
26280000
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
26.3
Construction ($M)
15.2
Land Financing ($M)
2.3
Profesional / Legal / Taxes ($M)
5
Marketing / Others ($M)
2.9
Estimated Total Cost ($M)
51.64
Estimated Breakeven ($psf ppr)
1,124
Sold On NOV 2020
Guillemard Road (En bloc)
Site Use
Residential
Tenure
fh
Plot Ratio
3.1
Site Area (sqm)
3,450
Site GFA (sqm)
10,625
Highest Bid ($M)
93000000
Highest Bid ($PSF)
813.19
Number of BIDS
-
Land ($M)
93
Construction ($M)
37.7
Land Financing ($M)
8.1
Profesional / Legal / Taxes ($M)
15.7
Marketing / Others ($M)
9.3
Estimated Total Cost ($M)
163.84
Estimated Breakeven ($psf ppr)
1,433
Sold On NOV 2021
Thiam Siew Avenue (En Bloc)
Site Use
Residential
Tenure
fh
Plot Ratio
2.8
Site Area (sqm)
24,507
Site GFA (sqm)
68,621
Highest Bid ($M)
1099000000
Highest Bid ($PSF)
1488
Number of BIDS
-
Land ($M)
1099
Construction ($M)
243.8
Land Financing ($M)
96.2
Profesional / Legal / Taxes ($M)
161.1
Marketing / Others ($M)
96
Estimated Total Cost ($M)
1,696.05
Estimated Breakeven ($psf ppr)
2,296
Sold On JUN 2022
Dunman Road
Site Use
Residential
Tenure
99
Plot Ratio
3.5
Site Area (sqm)
88,320
Site GFA (sqm)
309,121
Highest Bid ($M)
-
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
-
Construction ($M)
0
Land Financing ($M)
0
Profesional / Legal / Taxes ($M)
0
Marketing / Others ($M)
0
Estimated Total Cost ($M)
-
Estimated Breakeven ($psf ppr)
-

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