Penang Service Apartments rent and sale price
D14 / Geylang, Eunos
Address 16 Lorong 34 Geylang Penang Service Apartments Singapore 398213
Open map
Apartment, Non-Landed Properties 30 transactions Freehold Latest records Jun 2026
Similar projects nearby
Project read
Quick summary about Penang Service Apartments
Penang Service Apartments is a freehold apartment in D14 / Geylang, Eunos. The page currently tracks 24 rentals and 6 sales.
- Typical rent is $3,400 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,218,444, with median sale PSF at $1,137 psf and total recorded sale value of $7.2M.
- Rent is up 14.3% over the last 3 months. Sale PSF is up 11.7% over the last 3 months.
Penang Service Apartments Market Position
How this project compares with the wider D14 market before you read the detailed tables.
Rent vs D14 Near district
Rents near district median
Penang Service Apartments's median rent is $3,400 compared with the D14 median of $3,400. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D14 -31.0%
Sale PSF below district median
Penang Service Apartments's median sale PSF is $1,137 psf versus the D14 median of $1,648 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.35%
Rent support near district screen
Gross yield is roughly 3.35% versus a D14 screen of 2.98%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 32.6% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity -14.3%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Penang Service Apartments against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Penang Service Apartments Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $3,400
Is the asking rent fair?
$3,250 to $3,550 is the first fair-rent band to check. Above $3,550 should have a visible reason.
Median sale PSF $1,137 psf
Is the purchase price fair?
$1,180,000 to $1,250,000 and $1,100 to $1,170 psf are the first sale checks before adjusting for floor, size, view and condition.
Unknown bedroom rent $3,400
Are similar units renting for more?
Unknown bedroom and 1,100 to 1,200 sqft give the closest unit-size checks.
Rent stability 32.6% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume -14.3%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Run Penang Service Apartments numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $3,400/mo Test gross and net yield against typical rent. Buy vs rent $1.2M Compare ownership cost against renting. Mortgage $1.2M Estimate monthly payment from the sale price. Stamp duty $1,137 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
Penang Service Apartments Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 6 resale transactions
Total sold value $7.2M
Penang Service Apartments Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 24 Jun 2021 to Dec 2025
Sale transactions 6 Nov 2021 to May 2025
Rent trend 14.3% Last 3 months
Sale PSF trend 11.7% Last 3 months
Penang Service Apartments Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
DAKOTA MRT STATION (CC8) 0.56 km away
DAKOTA MRT STATION 0.58 km away
ALJUNIED MRT STATION (EW9) 0.62 km away
Schools nearby
GEYLANG METHODIST SCHOOL (PRIMARY) 0.63 km away
BROADRICK SECONDARY SCHOOL 0.71 km away
GEYLANG METHODIST SCHOOL (SECONDARY) 0.73 km away
ETONHOUSE BROADRICK INTERNATIONAL SCHOOL & PRE-SCHOOL 0.87 km away
Amenities
51 OLD AIRPORT ROAD FOOD CENTRE AND SHOPPING MALL Mall / retail · 0.6 km away
FAIRPRICE FINEST THE CENTREPOINT Daily needs · 5.48 km away
GEYLANG PARK CONNECTOR Park / green link · 0.43 km away
MARKET & HAWKER CENTRE (BLK 117 ALJUNIED AVE 2) Food centre · 0.81 km away
Penang Service Apartments Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $4,800 15 rentals in view
Latest median sale PSF $1,224 psf 4 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Dec 2025 1 $4,800 0 - -
Aug 2025 1 $4,800 0 - -
Jun 2025 1 $4,600 0 - -
May 2025 0 - 1 $1,224 psf $1,238,888
Apr 2025 1 $4,850 0 - -
Mar 2025 1 $4,200 0 - -
Dec 2024 0 - 1 $1,145 psf $1,318,888
May 2024 2 $3,600 0 - -
Mar 2024 1 $3,400 0 - -
Feb 2024 1 $4,900 0 - -
Jan 2024 0 - 1 $1,128 psf $1,298,888
Dec 2023 1 $4,800 0 - -
Projects Similar to Penang Service Apartments
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold Central Imperial 0.9 km away 152 transactions
- Median rent
- $3,500
- Median sale PSF
- $1,194 psf
- Median rent
- $3,200
- Median sale PSF
- $1,216 psf
- Median rent
- $3,650
- Median sale PSF
- $1,183 psf
- Median rent
- $3,600
- Median sale PSF
- $1,008 psf
- Median rent
- $3,500
- Median sale PSF
- $1,105 psf
- Median rent
- $3,400
- Median sale PSF
- $1,107 psf
Penang Service Apartments Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
Unknown $3,400 $3,658 24
Penang Service Apartments Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
900 to 1,000 sqft $3,500 $3,500 1
1,000 to 1,100 sqft $3,400 $3,691 11
1,100 to 1,200 sqft $3,350 $3,642 12
Penang Service Apartments Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,268,888 $1,165 psf 4
06 to 10 $1,092,388 $1,009 psf 2
Penang Service Apartments Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Penang Service Apartments shows a typical monthly rent of $3,400 across 24 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $3,400
Rentals 24
Rent signal Moderate
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Recent sales at Penang Service Apartments point to a typical sale price of $1,218,444 and $1,137 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,218,444
Median PSF $1,137 psf
Sale signal Thin
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Penang Service Apartments has 6 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Thin
Total sold value $7.2M
Latest record Dec 2025
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
District context
Use D14 to compare Penang Service Apartments against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Penang Service Apartments FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Penang Service Apartments?
Penang Service Apartments has a median monthly rent of $3,400 across 24 rentals.
What is the typical sale price at Penang Service Apartments?
The median sale price for Penang Service Apartments is $1,218,444, based on 6 sales on this page.
What is the median sale PSF at Penang Service Apartments?
The median sale price per square foot for Penang Service Apartments is $1,137 psf. The average sale PSF is $1,116 psf.
Is Penang Service Apartments freehold or leasehold?
Penang Service Apartments is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Penang Service Apartments located?
Penang Service Apartments is located at 16 Lorong 34 Geylang Penang Service Apartments Singapore 398213 in D14 / Geylang, Eunos.
How current is the Penang Service Apartments transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.