St Michael's Place
Details
Est. Land Size (sqm) | : | 3,118 |
Master Plan GFA (sqm) | : | 8,730 |
Master Plan Plot Ratio | : | 2.80 |
Project Name | : | ST MICHAEL'S PLACE |
Street Name | : | Jalan Taman |
Postal Code | : |
|
Property Type | : | Apartment |
Tenure | : | Freehold |
District/Planning Area | : | D12 / Kallang |
Region | : | RCR |
Completion | : | 1997 |
Number of Units | : | 74 units |
Indicative Price Range / Average* | : | S$ 1,210 - S$ 1,467 psf / S$ 1,350 psf |
Indicative Rental Range / Average** | : | S$ 3.4 - S$ 3.9 psf pm / S$ 3.7 psf pm |
Implied Rental Yield** | : | 3.3% |
Historical High | : | S$ 1,467 psf in Apr 2024 for a 1,227-sqft unit |
Indicative Average Price from Historical High | : | -8.0% |
Historical Low | : | S$ 452 psf in Jan 2002 for a 1,227-sqft unit |
Buyer Profile by Residential Status | : | Singaporean 91.3%, PR 3.5%, Foreigner 2.6%, Company 1.7% |
Buyer Profile by Purchaser Address | : | HDB 52.6%, Private 47.4% |
*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.
**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.
ST MICHAEL'S PLACE is located along Jalan Taman in Kallang, in District 12. It is accessible through the nearest MRTs including Boon Keng NE9 and Potong Pasir NE10.
Based on transaction data in the last 12 months, sale prices range from S$ 1,210 psf to S$ 1,467 psf at an average of S$ 1,350 psf. Its highest recorded transaction was S$ 1,467 psf in Apr 2024 for a 1,227-sqft unit. Its lowest recorded transaction was S$ 452 psf in Jan 2002 for a 1,227-sqft unit. Its current rental yield is at 3.3%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, HAO MART PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): The Venue Shoppes, The Poiz Centre.
Buyers and tenants are attracted to District 12, which is comprised of Serangoon, Toa Payoh and Balestier, a combination of areas that has historically quaint townships. Toa Payoh New Town, built by the Housing Development Board (HDB), represents Singapore’s second satellite city after Queenstown. Serangoon is well-served by two MRT lines, including the Circle Line station completed in 2010. Serangoon is also home to Nex, one of the largest shopping malls in the North-East Region of Singapore. Nex is integrated with a bus interchange, and houses a cinema and a public library. As one of Singapore's oldest housing estates, Toa Payoh has benefitted from the government's rejuvenation efforts. It has evolved into a vibrant neighbourhood centreed around HDB Hub, which has both shopping and dining facilities, as well as an air-conditioned bus interchange. Other amenities are Toa Payoh Stadium, Toa Payoh Sports Hall and Toa Payoh Swimming Complex. The Toa Payoh Stadium can sit 3,500 people, and has hosted S.League club games.
As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
Within 500m
ST MICHAEL'S PLACE - 1 - 2 - 3
Graph Data
Table Data
Sales Transaction of ST MICHAEL'S PLACE
Asking Price of ST MICHAEL'S PLACE
Source: URA, https://www.edgeprop.sg
Developer's Selling Prices
Note: Based on developer's monthly submission to URA
Source: URA, https://www.edgeprop.sg
Developer's Sales
Note: Based on developer's monthly submission to URA
Source: URA, https://www.edgeprop.sg
Rental Trends
Source: URA, https://www.edgeprop.sg
Price Comparison with Nearby Properties (UP to 10)
(Within 1000 meters)
Source: URA, https://www.edgeprop.sg
Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.
Nearby Land Sales
Status | Street Name | Location | Land Attributes | Estimated Breakeven |
---|---|---|---|---|
Sold & Awarded on JUL 2022 | Serangoon Road (Now known as The Arcady at Boon Keng) | Site Use Residential Tenure fh Plot Ratio 2.8 Site Area (sqm) 5,247 Site GFA (sqm) 15,719 Highest Bid ($M) 222.2 Highest Bid ($PSF) 1,313 Number of Bids - | Land ($M) 222.2 Construction ($M) 66 Land Financing ($M) 35 Profesional / Legal / Taxes ($M) 34.6 Marketing / Others ($M) 21.5 Estimated Total Cost ($M) 379.2 Estimated Breakeven ($psf ppr) 2,241 | |
Sold & Awarded on JUL 2022 | Serangoon Road (Now known as The Arcady at Boon Keng) | Site Use Residential Tenure fh Plot Ratio 3.0 Site Area (sqm) 5,247 Site GFA (sqm) 15,719 Highest Bid ($M) 222.2 Highest Bid ($PSF) 1,313 Number of Bids - | Land ($M) 222.2 Construction ($M) 66 Land Financing ($M) 35 Profesional / Legal / Taxes ($M) 34.6 Marketing / Others ($M) 21.5 Estimated Total Cost ($M) 379.2 Estimated Breakeven ($psf ppr) 2,241 | |
Not Awarded on JUN 2024 | Mar Thoma Road | Site Use Residential Tenure 999 Plot Ratio 2.8 Site Area (sqm) 1,218 Site GFA (sqm) 3,409 Highest Bid ($M) - Highest Bid ($PSF) - Number of Bids - | Land ($M) - Construction ($M) - Land Financing ($M) - Profesional / Legal / Taxes ($M) - Marketing / Others ($M) - Estimated Total Cost ($M) - Estimated Breakeven ($psf ppr) - |
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