THE CLIFT
MCCALLUM STREET · District 01 · 99 yrs lease commencing from 2004
Median Price
S$1.1M
Price Range
S$900K - S$1.7M
Tenure
Leasehold
Avg Rent
S$7.52 psf
What is the price of THE CLIFT?
The median transaction price at THE CLIFT is S$1,058,000, based on 70 URA-recorded transactions. Prices range from S$900K to S$1.7M. THE CLIFT is a leasehold development on MCCALLUM STREET in District 01 (Raffles Place/Marina). High-floor units cost 33% more than low-floor units. Average rent is S$7.52 per square foot per month.
THE CLIFT Price Analysis
THE CLIFT is a leasehold development on MCCALLUM STREET in District 01 (Raffles Place/Marina). According to URA transaction records, 70 private residential transactions have been recorded at this development, with a median price of S$1,058,000. Prices range from S$900K for the smallest units to S$1.7M for premium configurations.
The development offers units across 3 size categories. The most traded segment is studio (<50 sqm) at a median of S$1,030,000. Larger units (2-bed (70-100 sqm)) trade at S$1,505,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at THE CLIFT. High-floor units (36-40) command a median of S$1,370,000, while low-floor units (11-15) sell for S$1,027,000. That is a 33% premium for higher floors, worth S$343K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, THE CLIFT commands an average of S$7.52 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 7.3%.
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 |
|---|---|---|---|
| Studio (<50 sqm) | S$1.0M | 48 sqm | 44 |
| 1-Bed (50-70 sqm) | S$1.1M | 51 sqm | 4 |
| 2-Bed (70-100 sqm) | S$1.5M | 73 sqm | 22 |
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What is the average price of THE CLIFT?
The median transaction price at THE CLIFT is S$1,058,000, based on 70 URA-recorded transactions. Prices range from S$900K to S$1.7M.
Does floor level affect prices at THE CLIFT?
Yes. High-floor units (36-40) sell for a median of S$1,370,000, while low-floor units (11-15) sell for S$1,027,000. That is a 33% premium for higher floors.
What is the rental rate at THE CLIFT?
The average rental rate at THE CLIFT is approximately S$7.52 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.