District 01 · Outram · RCR
People'S Park Complex
Park Road · Apartment · 99 yrs lease commencing from 1968
Current PSF
$1,357
-32.8% vs district median
Gross yield
4.4%
median rent $3,000/mo
3-year gain
16.0%
Transactions · 5y
38
4 in last 12 months
Nearest MRT
Chinatown Mrt Station · 114.654m
DTL,NEL
Future MRT
King Albert Park Mrt Station
CRL · 2032
Vs local HDB
-
Area income
$7,500/mo median
commercial zone
En-bloc potential59 / 100
58 years old · composite of plot use, age, tenure, value gap & size
Lease decay41 years left
worth 69.2%of freehold today (Bala’s Table) · loses ~8.2pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-2.8%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
15%
PSF dispersion within project
The neighbourhood
P1 ring
Cantonment Primary School 999m · Phase 2C 0.3× - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Outram Secondary School · 655m
Food
New Market Road Blk 32 (People'S Park Food Centre) · 80m - 8 hawker centres within 1km
Green
Pearl'S Hill City Pk · 261m - 11 parks within 1km
Mall
Ue Shopping Mall · 943m
Health
Singhealth Polyclinics (Outram Polyclinic) (polyclinic) · 699m
Who lives in Outram
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
18,340
Median age
49 yrs
36% under 40 · getting older
Children 0–9
1,450
▼ 39% since 2015 · future P1 demand
Household size
2.4 avg
Homes
93% HDB
5% condo · 0% landed
Degree holders
28%
residents 15+
Commute
57% transit
11% drive
45 min+ to work
16%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,010
2022
$1,048
+3.8%
2023
$1,171
+11.7%
2024
$1,229
+5%
2025
$1,272
+3.5%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $2,300/mo | $5.11 | 4.5% | 188 |
| 3BR | $4,500/mo | $3.91 | 3.5% | 138 |
| 4BR | $6,000/mo | $3.64 | 3.2% | 23 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Dec 2025 | $1,317,000 | 1,173 | $1,123 | 31-35 |
| Sept 2025 | $1,400,000 | 1,119 | $1,251 | 11-15 |
| Sept 2025 | $650,000 | 409 | $1,589 | 06-10 |
| Sept 2025 | $600,000 | 409 | $1,467 | 21-25 |
| Jun 2025 | $1,450,000 | 1,119 | $1,295 | 21-25 |
| Jun 2025 | $1,400,000 | 1,119 | $1,251 | 21-25 |
| Jun 2025 | $1,380,000 | 1,119 | $1,233 | 26-30 |
| Jun 2025 | $1,258,000 | 1,173 | $1,072 | 31-35 |
| May 2025 | $1,400,000 | 1,119 | $1,251 | 11-15 |
| Mar 2025 | $1,338,888 | 1,119 | $1,196 | 06-10 |
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More in District 01
The HDB blocks next door
The entry point, measured: what the resale flats around People'S Park Complex actually sell for - this project trades at 1.9× the nearest block’s PSF.