Insights Valuation guide

What is my condo worth in Singapore?

A condo is not worth one magic number. It has a defendable range. The range gets tighter when the same project has enough recent sale evidence, useful PSF context, rent support and nearby projects that tell a similar story.

Data is for research and comparison only.
Sale evidence 138,617 Use same-project sales first
Rent support 461,926 Use rent as a second lens
Best first page Project page Then nearby projects and district trends

Start with a range, not a single number

The first mistake is looking for one exact value. A better approach is to build a range from recent same-project sales, then check whether PSF, unit size, tenure and district movement support that range.

If the project has many recent sales, the range can be tighter. If the project has thin sales, widen the comparison to nearby projects with similar age, tenure and location.

What to make of this

This buyer read is a first filter, not a valuation report. The main anchors here are sale evidence 138,617 (Use same-project sales first) and rent support 461,926 (Use rent as a second lens). The useful question is whether total price, PSF, tenure and recent project evidence are all telling the same story.

Normanton Park in D05 / Pasir Panjang, Hong Leong Garden, Clementi New Town is the first row I would open, with median sale $1,640,000 and median PSF $1,858 psf. Use that first comparison to choose the project, district, HDB or calculator page that answers the decision in front of you.

What I would check next

I would open the closest project, district or HDB page next, then compare the headline number against the transaction rows. The closer the comparable, the more useful the read.

If the page gives you a ranking, treat it as a shortlist. The decision still needs project-level or street-level evidence before the number carries much weight.

Use rent as a reality check

Rent does not prove the sale value, but it helps test whether the price is supported by income. If sale price is high and rent is ordinary, the buyer is probably paying for lifestyle, scarcity, tenure or future resale expectations.

For investors, rent support matters more. For owner-occupiers, rent still helps because it shows what the same lifestyle might cost without buying.

What can justify a premium

A premium can be reasonable when the unit has better size, layout, floor, view, renovation, condition, orientation, tenure or scarcity.

The premium is weaker when it is only based on an ambitious listing. A strong asking price should still make sense beside recent sale evidence.

How to use PropertySmartSG

Search the project, check median sale price and sale PSF, then compare rent support and nearby projects. After that, use the mortgage and stamp duty tools to see whether the value range still fits the buyer profile.

For sellers, this process helps set a price that sounds serious. For buyers, it helps separate a fair premium from a stretched ask.

Projects with stronger worth checks

These projects have both rent and sale evidence, which makes value ranges easier to defend.

01 Normanton Park D05 / Pasir Panjang, Hong Leong Garden, Clementi New Town $1,640,000 Median sale $1,858 psf Median PSF $3,900 Median rent 3,588 Transactions 02 The Sail @ Marina Bay D01 / Raffles Place, Cecil, Marina, People's Park $1,650,000 Median sale $1,952 psf Median PSF $5,200 Median rent 3,251 Transactions 03 D'Leedon D10 / Ardmore, Bukit Timah, Holland Road, Tanglin $2,284,000 Median sale $1,897 psf Median PSF $5,500 Median rent 2,918 Transactions 04 Marina One Residences D01 / Raffles Place, Cecil, Marina, People's Park $1,753,380 Median sale $2,259 psf Median PSF $5,500 Median rent 2,729 Transactions 05 Treasure at Tampines D18 / Tampines, Pasir Ris $1,488,000 Median sale $1,652 psf Median PSF $3,300 Median rent 2,370 Transactions 06 Reflections at Keppel Bay D04 / Telok Blangah, Harbourfront $2,292,500 Median sale $1,710 psf Median PSF $7,200 Median rent 2,167 Transactions 07 J Gateway D22 / Jurong $1,247,500 Median sale $1,899 psf Median PSF $4,000 Median rent 2,063 Transactions 08 Parc Esta D14 / Geylang, Eunos $1,620,000 Median sale $2,200 psf Median PSF $4,400 Median rent 2,046 Transactions 09 Stirling Residences D03 / Queenstown, Tiong Bahru $1,510,000 Median sale $2,307 psf Median PSF $4,500 Median rent 2,035 Transactions 10 City Square Residences D08 / Little India $1,905,000 Median sale $1,941 psf Median PSF $4,400 Median rent 1,963 Transactions 11 Watertown D19 / Serangoon Garden, Hougang, Punggol $955,000 Median sale $1,586 psf Median PSF $3,100 Median rent 1,954 Transactions 12 Sims Urban Oasis D14 / Geylang, Eunos $1,200,000 Median sale $1,775 psf Median PSF $3,300 Median rent 1,917 Transactions

Quick answers

Short answers based on the current data view.

Can PropertySmartSG tell me the exact value of my condo?

No. It helps build a transaction-backed range. The exact value still depends on unit condition, floor, view, layout, urgency and professional valuation.

Should I use the project median sale price?

Use it as the first anchor, then adjust for unit size, PSF, condition, floor, tenure and recent movement.

What if my condo has very few recent sales?

Use nearby projects with similar tenure and profile, then keep the range wider because the evidence is thinner.