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HomeBuyCondominiumApartment4RMD01 - Boat Quay / Raffles Place / Marina4 Bed Apartment (Condo) for Sale in People's Park Complex

4 Bed Apartment (Condo) for Sale in People's Park Complex

1 Park Road 059108, People's Park, Central Region, Singapore

$1,960,000

Added 13 days ago
ApartmentFor sale
Beds: 4Baths: 3Area: 1604 sqft
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IMAGES GALLERY

Nearest MRT Station

Outram Park

East-West Line EW16

walk•

Property Details

Property IDg8MSZMKCQVeYSYNjvfekXg
PriceS$1,960,000
Property TypeApartment
StatusFor sale
Beds4
Baths3
Built Area1604 sqft
PSFS$1,222
Year Built1970
Furnished StatusUnknown

Description

Huge 4B3B | High Floor | Prime Location Attractive investment with close to 6% p.a. rental yield Tenanted unit – collect rental immediately upon completion Serious seller. Priced to sell. Enquire now for details. Unit Features • High-floor, spacious unit (1,604 sqft) • 8 partitioned bedrooms • Monthly rental of approximately $9,000 • High rental yield of close to 6% p.a. – Smart investor’s choice! Prime Location – Convenience at Its Best • Directly connected to Chinatown MRT (92m) • Near Maxwell MRT (431m), Outram Park MRT (497m), Clarke Quay MRT (639m), Telok Ayer MRT (711m) and Tanjong Pagar MRT (917m) • Surrounded by numerous shopping malls: People’s Park Complex, The Majestic, People’s Park Centre, Chinatown Point, Clarke Quay Central, Tanjong Pagar Centre and One Raffles Place etc • 11 bus stops within a 400m radius • Nearby schools include Cantonment Primary School, River Valley Primary School, Outram Secondary School and Insworld Institute etc Hard to come by opportunity ! View to believe now ~ *** Photo for illustrative purposes only *** Original condition unit, perfect for buyers to design and renovate to their own taste. For an exclusive viewing, please contact: Melody I 8866.2943 Propnex Realty Pte Ltd JNA Real Estate - Your 21st Century Real Estate Team We have sold over 2,000 homes, achieved 8 out of 10 record prices, and served more than 700 investors, delivering an impressive average annual return of 19.56%. Contact me for more information.

Development Information

District & Area

D01 - Outram

Nearest MRT

Chinatown MRT · 1 min walk

Tenure

99 years

TOP Date

1 January 1970

Project Size

Small (291 units)

291 units

Building Structure

1 Block

Developer

Not available

Unit Configuration
Bedroom TypesNot available Bedroom
About This Development

People's Park Complex is a 99 years leasehold Condo Apartment located in Outram, District 1. Completed in 1970, it has a total of 1 blocks within the development and comprises a total of 291 units. It is within walking distance to MRT stations such as Chinatown MRT and Chinatown MRT, which provide residents easy access to other areas of Singapore. For young couples or families with children, People's Park Complex is also close to schools like Perfect International Beauty & Cosmetology Academy Pte. Ltd., TINGYU ART STUDIO汀渔画室 and The Dive Company. If you're wondering about what you can do around the area, residents can head to nearby supermarkets like $2 Shop and 中国商品城 for groceries and household products. Never worry about your health emergencies or regular health checkups with access to nearby clinics such as Chang Choon. Singapore Post - Chinatown Branch is the nearest post office where you can get your postal services done. For your leisure and entertainment, head down to the local park - Garden Link Bridge, to enjoy some fresh air.

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Location

1 Park Road 059108, People's Park, Central Region, Singapore

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Mortgage Calculation

S$
20 yrs
410203035
75 %
1020406075
4 %
0.1123456

Mortgage calculation on 4% interest rate

S$ 0
Loan Amount (75%)
Downpayment (25%)
S$ 0
S$ 0
/month
Principal
S$ 0
Interest
S$ 0

Total Transactions

45

Average Price

S972K

Total Value

S43.7M

Sales Timeline

Calculating fair value from URA transaction data…

David Cheong

David Cheong

HUTTONS ASIA PTE. LTD.

License: L3008022J

Similar Properties

Good Deal· 53.3% below market

Home Report · AVM Fair Value

Automated Valuation based on 2102 URA transactions · 74 outliers removed (IQR)

Fair Value

S$4.19M

S$2,614 psf

Asking Price

S$1.96M

S$1,222 psf

vs Market

-53.3%

Good Deal

Confidence

High

2102 comps

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

2102 comparable transactions

S$2,614

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×1.000

MRT Proximity

Within 500m / 1km

0%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$2,614

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.