KAP RESIDENCES

KING ALBERT PARK
RESALE CONDODistrict 21
King Albert Park MRT · 6 min walk (453m)RCRFreehold
Gross Yield
3.9%
District avg: 3.0%
Median Rent
$5,480
per month
Total Units
142
2Y PSF Change
-0.9%
7 txns in 24m
vs District
+7%
D21 median: $1,697
Median PSF
1,856
5.9% QoQ
Total Sales
27
since 2021-04
Price Range
$885k$2.4M
all-time
Unit Size
777 sqft
Floors 16

UrbanLens Analysis

At $1,815 PSF, KAP RESIDENCES prices 7% above the District 21 median. Compare that to 8@BT at $2,727 PSF -- a 33% premium that buyers need to justify. The 6-minute walk to King Albert Park MRT (453m) is workable, though not the kind of proximity that commands a premium on its own.

The -0.9% two-year price movement is negligible -- neither bullish nor bearish. 7 transactions over two years is modest; the trend is directional, not definitive. For context, KI RESIDENCES AT BROOKVALE has gained 10.0% over the same period.

The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Gross yield of 3.9% beats the RCR average of 3.5%. With $5,480/month median rent, income-focused buyers have a real case here.

At 142 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
NAVA GROVE$2,4780.0%
PINETREE HILL$2,543+6.4%
8@BT$2,7270.0%
THE SEN$2,3380.0%
KI RESIDENCES AT BROOKVALE$2,2422.9%+10.0%

PSF Trend

Quarterly
1,829
2023-Q2
2,060
2023-Q3
1,805
2023-Q4
1,787
2024-Q1
1,824
2024-Q3
1,877
2024-Q4
1,799
2025-Q2
1,905
2025-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Sep 2025
DatePriceSizePSFFloor
Sep 2025$988,000495 sqft$1,99501-05
Aug 2025$1,680,000926 sqft$1,81506-10
May 2025$1,820,0001,012 sqft$1,79901-05
Oct 2024$1,430,000700 sqft$2,04401-05
Oct 2024$1,730,0001,012 sqft$1,71006-10
Aug 2024$1,580,000872 sqft$1,81201-05
Jul 2024$1,660,000904 sqft$1,83601-05
Feb 2024$885,000495 sqft$1,78701-05
Dec 2023$2,350,0001,367 sqft$1,71906-10
Oct 2023$1,018,000538 sqft$1,89101-05
Showing 10 of 27 transactions

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