District 14 · Geylang · RCR
Penrose
Sims Drive · Apartment · 99 yrs lease commencing from 2019
Current PSF
$2,154
+39.4% vs district median
Gross yield
3.4%
median rent $5,500/mo
3-year gain
14.1%
Transactions · 5y
310
37 in last 12 months
Nearest MRT
Aljunied Mrt Station · 477.667m
EWL
Future MRT
Defu Mrt Station
CRL · 2030
Vs local HDB
+246% premium
HDB median $622 psf
Area income
$7,500/mo median
residential zone
En-bloc potential22 / 100
7 years old · composite of plot use, age, tenure, value gap & size
Lease decay92 years left
worth 95.0%of freehold today (Bala’s Table) · loses ~3.2pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
100.0%
flip ratio, last 24 months
Price spread
6%
PSF dispersion within project
The neighbourhood
P1 ring
Geylang Methodist School (Primary) 431m · Phase 2C 1.0× · Canossa Catholic Primary School 829m · Phase 2C 0.6× - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Geylang Methodist School (Secondary) · 360m
Food
Sims Place Blk 49 (Sims Vista Market And Food Centre) · 282m - 4 hawker centres within 1km
Green
Geylang East Pk · 892m
Mall
Macpherson Mall · 1.4km
Health
Geylang Polyclinic (polyclinic) · 798m
Who lives in Geylang
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
110,110
Median age
45 yrs
43% under 40 · getting older
Children 0–9
8,230
▼ 16% since 2015 · future P1 demand
Household size
2.9 avg
Homes
75% HDB
18% condo · 6% landed
Degree holders
30%
residents 15+
Commute
61% transit
17% drive
45 min+ to work
19%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
What the record shows
The early buyer’s position
Buyers who bought from the developer in 2021 paid an average of $1,671 psf (94 sales). At today’s $2,154 psf, they are up 29% on paper.
The floor premium
Over the last 3 years, units on the 10th floor and above transacted at a median $2,133 psf - 5% above units on floors 1–5 ($2,029 psf).
Price trend average PSF by year
2021
$1,671
2022
$1,699
+1.7%
2023
$1,914
+12.7%
2024
$2,052
+7.2%
2025
$2,134
+4%
2026
$2,184
+2.3%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,300/mo | $7.33 | 4.1% | 27 |
| 2BR | $4,200/mo | $6.46 | 3.6% | 37 |
| 3BR | $6,000/mo | $5.71 | 3.2% | 58 |
| 4BR | $7,700/mo | $5.70 | 3.2% | 10 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $2,200,000 | 958 | $2,296 | 11-15 |
| Jun 2026 | $950,000 | 484 | $1,961 | 06-10 |
| May 2026 | $2,513,888 | 1,044 | $2,408 | 16-20 |
| May 2026 | $2,128,000 | 947 | $2,247 | 11-15 |
| May 2026 | $960,000 | 474 | $2,027 | 06-10 |
| Apr 2026 | $1,780,000 | 807 | $2,205 | 06-10 |
| Mar 2026 | $1,325,000 | 646 | $2,052 | 06-10 |
| Mar 2026 | $970,000 | 484 | $2,003 | 06-10 |
| Feb 2026 | $2,488,000 | 1,055 | $2,359 | 11-15 |
| Feb 2026 | $2,468,888 | 1,098 | $2,249 | 06-10 |
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More in District 14
The HDB blocks next door
The entry point, measured: what the resale flats around Penrose actually sell for - this project trades at 4.0× the nearest block’s PSF.