MAYSPRINGS
PETIR ROAD · District 23 · 99 yrs lease commencing from 1994
Median Price
S$1.2M
Price Range
S$750K - S$1.8M
Tenure
Leasehold
Avg Rent
S$3.61 psf
MAYSPRINGS Price Analysis
MAYSPRINGS is a leasehold development on PETIR ROAD in District 23 (Bukit Panjang). According to URA transaction records, 141 private residential transactions have been recorded at this development, with a median price of S$1,170,888. Prices range from S$750K for the smallest units to S$1.8M for premium configurations.
The development offers units across 3 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$930,000. Larger units (4-bed (130-170 sqm)) trade at S$1,600,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at MAYSPRINGS. High-floor units (21-25) command a median of S$1,530,000, while low-floor units (11-15) sell for S$990,000. That is a 55% premium for higher floors, worth S$540K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, MAYSPRINGS commands an average of S$3.61 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 3.2%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 2-Bed (70-100 sqm) | S$930K | 80 sqm | 57 |
| 3-Bed (100-130 sqm) | S$1.3M | 122 sqm | 59 |
| 4-Bed (130-170 sqm) | S$1.6M | 139 sqm | 25 |
FAQ
What is the average price of MAYSPRINGS?
The median transaction price at MAYSPRINGS is S$1,170,888, based on 141 URA-recorded transactions. Prices range from S$750K to S$1.8M.
Does floor level affect prices at MAYSPRINGS?
Yes. High-floor units (21-25) sell for a median of S$1,530,000, while low-floor units (11-15) sell for S$990,000. That is a 55% premium for higher floors.
What is the rental rate at MAYSPRINGS?
The average rental rate at MAYSPRINGS is approximately S$3.61 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.