D14 Geylang/Paya Lebar

PARK PLACE RESIDENCES AT PLQ

Q: Does floor level affect prices at PARK PLACE RESIDENCES AT PLQ?

Yes. High-floor units (16-20) sell for a median of S$1,565,000, while low-floor units (06-10) sell for S$1,450,000. That is a 8% premium for higher floors.

Q: What is the rental rate at PARK PLACE RESIDENCES AT PLQ?

The average rental rate at PARK PLACE RESIDENCES AT PLQ is approximately S$7.32 per square foot per month, based on URA median rental data.

PAYA LEBAR ROAD · District 14 · 99 yrs lease commencing from 2015

Median Price

S$1.5M

105 transactions

Price Range

S$910K - S$2.8M

Tenure

Leasehold

99 yrs lease commencing from 2015

Avg Rent

S$7.32 psf

per month

What is the price of PARK PLACE RESIDENCES AT PLQ?

The median transaction price at PARK PLACE RESIDENCES AT PLQ is S$1,465,000, based on 105 URA-recorded transactions. Prices range from S$910K to S$2.8M. PARK PLACE RESIDENCES AT PLQ is a leasehold development on PAYA LEBAR ROAD in District 14 (Geylang/Paya Lebar). High-floor units cost 8% more than low-floor units. Average rent is S$7.32 per square foot per month.

PARK PLACE RESIDENCES AT PLQ Price Analysis

PARK PLACE RESIDENCES AT PLQ is a leasehold development on PAYA LEBAR ROAD in District 14 (Geylang/Paya Lebar). According to URA transaction records, 105 private residential transactions have been recorded at this development, with a median price of S$1,465,000. Prices range from S$910K for the smallest units to S$2.8M for premium configurations.

The development offers units across 4 size categories. The most traded segment is studio (<50 sqm) at a median of S$1,075,000. Larger units (3-bed (100-130 sqm)) trade at S$2,425,000, reflecting the premium for additional space.

Floor level significantly impacts pricing at PARK PLACE RESIDENCES AT PLQ. High-floor units (16-20) command a median of S$1,565,000, while low-floor units (06-10) sell for S$1,450,000. That is a 8% premium for higher floors, worth S$115K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.

On the rental side, PARK PLACE RESIDENCES AT PLQ commands an average of S$7.32 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 5.2%.

Price Trend

Median transaction price by contract month.

Source: URA Private Residential Property Transactions

Price by Floor Level

16-20

S$1.6M

14 txns

01-05

S$1.5M

14 txns

11-15

S$1.5M

40 txns

06-10

S$1.4M

47 txns

Price by Unit Size

Size Band	Median Price	Avg Size	Transactions
Studio (<50 sqm)	S$1.1M	45 sqm	29
1-Bed (50-70 sqm)	S$1.5M	62 sqm	63
2-Bed (70-100 sqm)	S$1.8M	77 sqm	3
3-Bed (100-130 sqm)	S$2.4M	105 sqm	20

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FAQ

What is the average price of PARK PLACE RESIDENCES AT PLQ?

The median transaction price at PARK PLACE RESIDENCES AT PLQ is S$1,465,000, based on 105 URA-recorded transactions. Prices range from S$910K to S$2.8M.

Does floor level affect prices at PARK PLACE RESIDENCES AT PLQ?

Yes. High-floor units (16-20) sell for a median of S$1,565,000, while low-floor units (06-10) sell for S$1,450,000. That is a 8% premium for higher floors.

What is the rental rate at PARK PLACE RESIDENCES AT PLQ?

The average rental rate at PARK PLACE RESIDENCES AT PLQ is approximately S$7.32 per square foot per month, based on URA median rental data.

Source: URA Private Residential Property Transactions. Analysis by FairComparisons.