Elite Park Avenue, Frankel, East Region, Singapore
$7,200 /month
Heritage Conservation Shophouse Apartment for Lease Step into an iconic Tiong Bahru conservation shophouse apartment that blends heritage charm with a modern, family-friendly layout. Thoughtfully reimagined for comfort and versatility, this rare home sits right in the heart of Tiong Bahru’s beloved, “chio” neighbourhood—moments to everything you love about city-fringe living. Highlights: - Designed for families of 2–8 with a generous, efficient layout - Fully renovated a few years ago with extensive carpentry to maximise storage and liveability (approx. $300K makeover) - Partially furnished: washer/dryer, fridge, sofa, TV and more—move-in ready convenience - Modern dining area and open-concept kitchen—perfect for hosting and day-to-day ease - Heritage conservation setting with timeless character and high ceilings - 24-hour security for added peace of mind - 24/7 eats and daily essentials at your doorstep: Tiong Bahru Market, cafes, bakeries, coffee shops and grocers Unbeatable Connectivity: - Two MRT lines within easy reach: - 5 min walk to Tiong Bahru MRT (East-West/Green Line) - 5 min walk to Outram Park MRT (interchange including East-West/Green Line) - 1–4 stops to Tanjong Pagar, Raffles Place, City Hall, Dhoby Ghaut, Somerset - 15–30 mins walk/bus to CBD, Orchard Road, Marina Bay - 5–10 mins walk to SGH, National Heart Centre, National Cancer Centre Lifestyle at Your Doorstep: - Steps to downtown convenience while nestled in a serene, character-rich estate - Surrounded by destination eateries, artisan bakeries and weekend brunch spots - Daily amenities within 1–5 mins walk: 24-hour food centres, shopping, supermarkets and services - Explore the neighbourhood’s culture and heritage: visitsingapore.com/walking-tour/culture/in-the-neighbourhood-tiong-bahru/ Who This Home Suits: - Families seeking space and functionality with a warm, modern finish - Professionals and medical staff valuing fast access to SGH and the CBD
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Total Transactions
12
Average Price
S4.0M
Total Value
S48.5M
Calculating fair value from URA transaction data…


License: L3009250K
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Estimated sale value based on 10 URA transactions
Fair Value
S$4.37M
S$2,186 psf
Asking Price
S$7,200
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
Freehold
No lease decay
Confidence
High
10 comps
Nearest MRT
Bedok
1146m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
10 comparable transactions
S$2,082
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
+5%
Adjusted Fair Value PSF
S$2,186
Recent Comparable Transactions
10 shown · 10 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJul 2025 | ELITE PARK AVENUE Floor - | 1,657sqft | S$3,700,000 | ▲S$2,234 +2.2% vs FV | Freehold |
Jul 2025 | ELITE PARK AVENUE Floor - | 1,657sqft | S$3,700,000 | ▲S$2,234 +2.2% vs FV | Freehold |
Jul 2024 | ELITE PARK AVENUE Floor - | 1,691sqft | S$4,000,000 | ▲S$2,365 +8.2% vs FV | Freehold |
May 2024 | ELITE PARK AVENUE Floor - | 2,587sqft | S$5,480,000 | ▼S$2,119 -3.1% vs FV | Freehold |
Apr 2024 | ELITE PARK AVENUE Floor - | 2,153sqft | S$4,000,000 | ▼S$1,858 -15.0% vs FV | Freehold |
Mar 2024 | ELITE PARK AVENUE Floor - | 2,286sqft | S$4,600,000 | ▼S$2,012 -8.0% vs FV | Freehold |
Nov 2022 | ELITE PARK AVENUE Floor - | 1,690sqft | S$3,680,000 | ▼S$2,178 -0.4% vs FV | Freehold |
Jun 2022 | ELITE PARK AVENUE Floor - | 1,709sqft | S$3,080,000 | ▼S$1,802 -17.6% vs FV | Freehold |
Mar 2022 | ELITE PARK AVENUE Floor - | 3,045sqft | S$5,180,000 | ▼S$1,701 -22.2% vs FV | Freehold |
Nov 2021 | ELITE PARK AVENUE Floor - | 2,634sqft | S$4,380,000 | ▼S$1,663 -23.9% vs FV | Freehold |
Sep 2021 | ELITE PARK AVENUE Floor - | 1,697sqft | S$3,580,000 | ▼S$2,109 -3.5% vs FV | Freehold |
ELITE PARK AVENUE
Jul 2025 · Floor -
+2.2% vs FV
ELITE PARK AVENUE
Jul 2025 · Floor -
+2.2% vs FV
ELITE PARK AVENUE
Jul 2024 · Floor -
+8.2% vs FV
ELITE PARK AVENUE
May 2024 · Floor -
-3.1% vs FV
ELITE PARK AVENUE
Apr 2024 · Floor -
-15.0% vs FV
ELITE PARK AVENUE
Mar 2024 · Floor -
-8.0% vs FV
ELITE PARK AVENUE
Nov 2022 · Floor -
-0.4% vs FV
ELITE PARK AVENUE
Jun 2022 · Floor -
-17.6% vs FV
ELITE PARK AVENUE
Mar 2022 · Floor -
-22.2% vs FV
ELITE PARK AVENUE
Nov 2021 · Floor -
-23.9% vs FV
ELITE PARK AVENUE
Sep 2021 · Floor -
-3.5% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.