HomeBuyCondominiumApartment3RMD01 - Boat Quay / Raffles Place / MarinaPeople's Park Complex3 Bed Apartment (Condo) for Sale in People's Park Complex

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

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

$1,390,000

Added 6 months ago
Beds: 3Baths: 2Area: 1119 sqft
Market Price· Fairly priced
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IMAGES GALLERY

Nearest MRT Station

Property Details

Property IDTpapJNsFxRk2MvQseZUyg5
PriceS$1,390,000
Property TypeApartment
StatusFor sale
Beds3
Baths2
Built Area1119 sqft
PSF
S$1,242
Year Built1970
Furnished StatusUnknown

Description

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

Home Report · AVM Fair Value

Automated Valuation based on 39 URA transactions

Fair Value

S$1.33M

S$1,188 psf

Asking Price

S$1.39M

S$1,242 psf

vs Market

+4.5%

Market Price

vs Last Done

-0.7%

Market Price

Tenure

43 yrs

99-year Leasehold · ⚠️ Short lease

Confidence

High

39 comps

High = 10+ comps
Medium = 5–9 comps
Low = <5 comps

Nearest MRT

Chinatown

247m away · +3% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

39 comparable transactions

S$1,206

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×0.100

MRT Proximity

Within 500m / 1km

+3%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$1,188

Recent Comparable Transactions

10 shown · 39 total
Last Done

PARK ROAD

Jun 2025 · Floor 21-25

S$1,251 psf

+5.3% vs FV

1,119 sqftS$1,400,00099 yrs lease commencing from 1968

PARK ROAD

Jun 2025 · Floor 21-25

S$1,251 psf

+5.3% vs FV

1,119 sqftS$1,400,00099 yrs lease commencing from 1968

PARK ROAD

Jun 2025 · Floor 21-25

S$1,295 psf

+9.0% vs FV

1,119 sqftS$1,450,00099 yrs lease commencing from 1968

PARK ROAD

Jun 2025 · Floor 26-30

S$1,233 psf

+3.8% vs FV

1,119 sqftS$1,380,00099 yrs lease commencing from 1968

PARK ROAD

Jun 2025 · Floor 31-35

S$1,072 psf

-9.8% vs FV

1,173 sqftS$1,258,00099 yrs lease commencing from 1968

PARK ROAD

May 2025 · Floor 11-15

S$1,251 psf

+5.3% vs FV

1,119 sqftS$1,400,00099 yrs lease commencing from 1968

PARK ROAD

Mar 2025 · Floor 26-30

S$1,528 psf

+28.6% vs FV

409 sqftS$625,00099 yrs lease commencing from 1968

PARK ROAD

Mar 2025 · Floor 16-20

S$1,418 psf

+19.4% vs FV

409 sqftS$580,00099 yrs lease commencing from 1968

PARK ROAD

Mar 2025 · Floor 06-10

S$1,196 psf

+0.7% vs FV

1,119 sqftS$1,338,88899 yrs lease commencing from 1968

PARK ROAD

Feb 2025 · Floor 11-15

S$999 psf

-15.9% vs FV

1,119 sqftS$1,118,88899 yrs lease commencing from 1968

PARK ROAD

Feb 2025 · Floor 21-25

S$1,251 psf

+5.3% vs FV

1,119 sqftS$1,400,00099 yrs lease commencing from 1968
Below Fair Value
Above Fair Value
FV: S$1,188 psf

HELIOS AI Analysis

Based on 39 URA transactions (0 outliers removed), adjusted for: Tenure decay (90.0% discount); MRT Chinatown 247m away (+3%)

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

Chun Leong LIew

Chun Leong LIew

CRESTBRICK PTE. LTD.

License: L3008022J

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