THE CENTREPOINT

ORCHARD ROAD
RESALE CONDODistrict 09
Somerset MRT · 2 min walk (195m)CCR99 yrs lease commencing from 1979
Gross Yield
1.7%
Median Rent
$2,911
per month
Total Units
66
2Y PSF Change
-12.9%
4 txns in 24m
Lease Remaining
52 yrs
99 yrs lease commencing from 1979
Median PSF
2,529
▲ 18.0% QoQ
Total Sales
13
since 2021-05
Price Range
$2.0M–$3.0M
all-time
Unit Size
860 sqft
Floors 1–6
PSF MOVEMENT ALERT — 2024-Q4
Median PSF rose 18.0% quarter-on-quarter (from $2,463 in 2024-Q2 to $2,906 in 2024-Q4). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $2,463 PSF, THE CENTREPOINT prices NaN% below the District 09 median. Being 2 minutes on foot from Somerset MRT (195m) adds genuine convenience and supports the pricing.

A 12.9% drop in two years is a genuine correction. Bargain hunters take note, but only with clear conviction about the recovery thesis. 4 transactions over two years is modest; the trend is directional, not definitive.

Around 52 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 1.7% gross yield versus the CCR average of 0.0%, rental returns are above-market. The $2,911/month median rent makes this genuinely compelling for income investors.

The 66-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

PSF Trend

Quarterly
2,869
2021-Q2
2,827
2023-Q1
2,869
2023-Q2
2,189
2023-Q4
2,575
2024-Q1
2,463
2024-Q2
2,906
2024-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2024
DatePriceSizePSFFloor
Nov 2024$2,158,240743 sqft$2,90606-10
Jun 2024$2,500,0001,119 sqft$2,23306-10
May 2024$2,000,000743 sqft$2,69301-05
Mar 2024$2,450,0001,119 sqft$2,18906-10
Jan 2024$2,200,000743 sqft$2,96206-10
Dec 2023$2,450,0001,119 sqft$2,18906-10
May 2023$2,100,000732 sqft$2,86906-10
Apr 2023$2,100,000732 sqft$2,86906-10
Apr 2023$2,100,000743 sqft$2,82701-05
Mar 2023$2,100,000743 sqft$2,82701-05
Showing 10 of 13 transactions

Location

Open in full map →

Own a unit here?

Get an instant valuation based on real transaction data for your floor and unit size.

🏠
Check Your Value
Floor-adjusted valuation based on $2,529 PSF median
Get Valuation →
🗺️
Explore on Map
See nearby condos, compare PSF trends
Open Map