SILVERSEA
MARINE PARADE ROAD · District 15 · 99 yrs lease commencing from 2007
Median Price
S$3.1M
Price Range
S$1.6M - S$9.5M
Tenure
Leasehold
Avg Rent
S$5.48 psf
SILVERSEA Price Analysis
SILVERSEA is a leasehold development on MARINE PARADE ROAD in District 15 (East Coast). According to URA transaction records, 110 private residential transactions have been recorded at this development, with a median price of S$3,075,000. Prices range from S$1.6M for the smallest units to S$9.5M for premium configurations.
The development offers units across 4 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$1,967,500. Larger units (5+ bed (170+ sqm)) trade at S$4,950,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at SILVERSEA. High-floor units (16-20) command a median of S$4,750,000, while low-floor units (01-05) sell for S$2,480,000. That is a 92% premium for higher floors, worth S$2.3M in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, SILVERSEA commands an average of S$5.48 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 1.8%.
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$2.0M | 95 sqm | 32 |
| 3-Bed (100-130 sqm) | S$2.0M | 106 sqm | 1 |
| 4-Bed (130-170 sqm) | S$3.2M | 145 sqm | 51 |
| 5+ Bed (170+ sqm) | S$5.0M | 250 sqm | 26 |
FAQ
What is the average price of SILVERSEA?
The median transaction price at SILVERSEA is S$3,075,000, based on 110 URA-recorded transactions. Prices range from S$1.6M to S$9.5M.
Does floor level affect prices at SILVERSEA?
Yes. High-floor units (16-20) sell for a median of S$4,750,000, while low-floor units (01-05) sell for S$2,480,000. That is a 92% premium for higher floors.
What is the rental rate at SILVERSEA?
The average rental rate at SILVERSEA is approximately S$5.48 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.