THE SPRINGFIELD

Singapore Property Price Appreciation & Rental Yield

THE SPRINGFIELD in District 16 has a 2 year price change of 0.1% vs District 16 average of 12.6%. The average rental yield is 3.99% and is higher than the district average of 3.21%.

The average psf price of $857 is 41% lower than district 16 average of $1475.0.

The average rent Psf is $2.92 and is 27% lower than district 16 average of $4.0.

The distance to the nearest MRT station is 696 meters vs the district average of 676 meters, and the distance to the CBD (Marina Bay Sands) is 11.23 km vs the district average of 10.3 km.

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Summary of Rental Yield, Last 3 Mths Rental and Last 6 Mths Sales

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Project Name	#BedRm	Area Sqft	District	#Sold	Avg Price(m)	Avg $Psf	2YrPrice Change(%)	Rental Yield	#Rented	Avg Rent	Avg $Psf pm	MRT distance(m)	CBD distance(km)	Tenure Commencement
The Springfield	n.a.	2500-3000	16	1	2.14	846.0	7.9	4.63%*	0.0	8263	3.27	696.0	11.2	99 yrs lease commencing from 1995
The Springfield	n.a.	2000-2500	16	2	2.075	868.0	-7.8	3.35%	1.0	5800	2.58	696.0	11.2	99 yrs lease commencing from 1995

*Note: Data from Singapore URA API feed is processed every 2 weeks to give this comprehensive view. Rental yield % based on (Last 3 months average rent) *12 / (Last 6 months average selling price), breakdown by Project and Number of bedrooms. Rents for uncompleted projects or completed projects with no rental transactions (last 3 mths) are predicted using Machine Learning algorithms and marked with an *asterisk* in the rental yield column. Projects with rental transactions (last 3 mths) but no sale transactions (last 6 mths) are excluded. Distance to MRT/CBD is unavailable for some projets and marked with 888 or 8.88. 2 Yr Price Change is comparing latest 6 mths average price vs the average price in the 6 Mths period btw 2 Yrs and 2Yrs 6Mths ago (can be different units but same Sqft range). 8.8888 is for cases where there is no transaction 2 Yrs ago.

Comparable Projects with Similar $psf

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Project Name	#BedRm	Area Sqft	District	#Sold	Avg Price(m)	Avg $Psf	2YrPrice Change(%)	Rental Yield	#Rented	Avg Rent	Avg $Psf pm	MRT distance(m)	CBD distance(km)	Tenure Commencement
The Quintet	n.a.	2100-2200	23	1	1.81	845.0	8.8888	5.1%*	0.0	7691	3.59	373.0	17.7	99 yrs lease commencing from 2003
Melville Park	3	1200-1300	18	2	1.035	855.0	5.6	4.91%	3.0	4233	3.39	830.0	13.1	99 yrs lease commencing from 1992
Skies Miltonia	n.a.	2500-2600	27	1	2.2	859.0	8.8888	4.86%*	0.0	8917	3.48	1663.0	15.0	99 yrs lease commencing from 2012
Westville	n.a.	4000-4500	22	1	3.75	840.0	8.8888	4.83%*	0.0	15105	3.38	1822.0	19.7	99 yrs lease commencing from 1994
Melville Park	3	1000-1100	18	3	0.928	877.0	10.7	4.76%	8.0	3681	3.51	830.0	13.1	99 yrs lease commencing from 1992
Villa Verde	n.a.	2500-3000	23	1	2.549	852.0	10.8	4.63%*	0.0	9825	3.28	723.0	17.1	99 yrs lease commencing from 1997
Melville Park	2	1000-1100	18	3	0.928	877.0	10.7	4.51%	13.0	3490	3.32	830.0	13.1	99 yrs lease commencing from 1992
Compass Heights	n.a.	2300-2400	19	1	2.0	849.0	8.8888	4.34%*	0.0	7233	3.07	69.0	12.6	99 yrs lease commencing from 2000
Mont Timah	n.a.	4000-4500	21	2	3.775	855.0	-5.6	4.15%*	0.0	13056	2.96	645.0	11.7	99 yrs lease commencing from 2004
Northoaks	2	1100-1200	25	2	1.002	854.0	8.8888	3.95%	1.0	3300	2.87	734.0	18.9	99 yrs lease commencing from 1997
Horizon Gardens	n.a.	2500-3000	20	3	2.493	844.0	10.8	3.72%	3.0	7733	2.81	722.0	10.8	99 yrs lease commencing from 1995
Lakepoint Condominium	n.a.	1800-1900	22	2	1.634	867.0	3.4	3.29%	4.0	4475	2.42	627.0	17.2	99 yrs lease commencing from 1983
Coastal Breeze Residences	4	2200-2300	17	1	1.9	861.0	8.8888	3.28%	1.0	5200	2.31	1052.0	15.0	99 yrs lease commencing from 2008
Woodgrove Condominium	4	>3000	25	1	2.66	849.0	8.8888	3.25%	1.0	7200	2.06	996.0	18.3	99 yrs lease commencing from 1997
Rosewood Suites	4	2700-2800	25	1	2.413	876.0	20.6	2.98%	1.0	6000	2.18	766.0	18.2	99 yrs lease commencing from 2008
Eden Crest	3	1700-1800	19	1	1.5	877.0	8.8888	2.4%	1.0	3000	1.71	616.0	6.9	Freehold

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THE SPRINGFIELD Sales Transactions Last 4 Years

Date	Floor Range	Area Sqft	Price psf	Price	#Units
2024-08	-	2379	904	2.15m	1
2024-06	-	2400	833	2.0m	1
2024-04	-	2530	846	2.14m	1
2024-01	-	2390	828	1.98m	1
2023-05	-	2530	810	2.05m	1
2023-04	-	2368	823	1.95m	1
2022-11	-	2379	784	1.865m	1
2022-10	-	2368	813	1.925m	1
2022-10	-	2379	841	2.0m	1
2022-09	-	2336	942	2.2m	1
2022-06	-	2519	814	2.05m	1
2022-05	-	2325	860	2.0m	1
2022-05	-	2368	1056	2.5m	1
2022-03	-	2594	725	1.88m	1
2022-03	-	2874	703	2.02m	1
2022-01	-	2325	761	1.77m	1
2021-12	-	2336	792	1.85m	1
2021-12	-	2379	736	1.75m	1
2021-10	-	2336	771	1.8m	1
2021-10	-	2368	731	1.73m	1
2021-10	-	2400	696	1.670888m	1
2021-08	-	2336	706	1.65m	1
2021-07	-	2336	749	1.75m	1
2021-07	-	2347	712	1.67m	1
2021-07	-	2379	736	1.75m	1
2021-06	-	2336	689	1.61m	1
2021-06	-	2347	677	1.59m	1
2021-05	-	2379	668	1.588m	1
2021-04	-	2325	701	1.63m	1
2021-03	-	2336	685	1.6m	1
2021-01	-	2379	639	1.52m	1
2021-01	-	2411	622	1.5m	1
2021-01	-	2519	611	1.54m	1
2020-10	-	2379	588	1.398m	1
2020-08	-	2390	586	1.4m	1
2020-03	-	2411	614	1.48m	1
2020-02	-	2519	532	1.338888m	1
2019-11	-	2357	636	1.5m	1

THE SPRINGFIELD Rental Transactions Last 4 Quarters

Date	Area Sqft	No of Bedrooms	Rent
2024-07	2000-2500	NA	5800
2024-02	2000-2500	NA	4000
2023-11	2000-2500	NA	10000

*Notice: Contains information from {Private Residential Property} dataset accessed every 2 weeks from URA API data service which is made available under the terms of the Singapore Open Data Licence version 1.0 Disclaimers: The datasets are provided on an “as is” and “as available” basis. We make no representations or warranties in relation to the datasets, including but not limited to any representation or warranty as to the accuracy, completeness, reliability, continued availability, timeliness, non-infringement, title, quality or fitness for any particular purpose of the datasets to the fullest extent permitted by the law. To the extent permitted by law, we shall not be liable to you or any third party whether in contract, tort (including negligence), restitution, breach of statutory duty or otherwise, for damage or loss of any kind arising directly or indirectly from your or any third party’s Use of, or inability to Use, the datasets or the Relevant Websites.