HILLSTA

PHOENIX ROAD
RESALE CONDODistrict 23
Bukit Panjang MRT · 8 min walk (617m)OCR99 yrs lease commencing from 2011
Gross Yield
3.7%
Median Rent
$2,539
per month
Total Units
416
2Y PSF Change
+7.0%
44 txns in 24m
Lease Remaining
84 yrs
99 yrs lease commencing from 2011
Median PSF
1,374
2.4% QoQ
Total Sales
127
since 2021-03
Price Range
$580k$3.0M
all-time
Unit Size
750 sqft
Floors 121

UrbanLens Analysis

At $1,350 PSF, HILLSTA prices NaN% below the District 23 median. The 8-minute walk to Bukit Panjang MRT (617m) is workable, though not the kind of proximity that commands a premium on its own.

The 7.0% gain in two years signals steady demand -- solid, not speculative. 44 transactions over two years gives deep liquidity and reliable pricing signals.

Roughly 84 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.7% beats the OCR average of 0.0%. With $2,539/month median rent, income-focused buyers have a real case here.

The 416-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.

PSF Trend

Quarterly
1,311
2024-Q2
1,319
2024-Q3
1,342
2024-Q4
1,367
2025-Q1
1,403
2025-Q2
1,360
2025-Q3
1,370
2025-Q4
1,403
2026-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2026
DatePriceSizePSFFloor
Jan 2026$820,000570 sqft$1,43721-25
Jan 2026$740,000527 sqft$1,40316-20
Jan 2026$3,050,0003,369 sqft$905-
Oct 2025$770,000570 sqft$1,35001-05
Oct 2025$870,000635 sqft$1,37011-15
Oct 2025$790,000570 sqft$1,38516-20
Sep 2025$738,000538 sqft$1,37106-10
Sep 2025$718,000527 sqft$1,36101-05
Aug 2025$1,340,0001,001 sqft$1,33911-15
Aug 2025$777,000570 sqft$1,36216-20
Showing 10 of 127 transactions

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