THE ARDEN

PHOENIX ROAD
RESALE CONDODistrict 23
Bukit Panjang MRT · 7 min walk (556m)OCR99 years leasehold
Gross Yield
3.5%
Median Rent
$6,245
per month
Total Units
105
2Y PSF Change
+0.6%
54 txns in 24m
Median PSF
1,774
0.9% QoQ
Total Sales
105
since 2023-08
Price Range
$1.1M$2.7M
all-time
Unit Size
993 sqft
Floors 11

UrbanLens Analysis

THE ARDEN commands $1,809 PSF -- NaN% below what District 23 typically fetches ($0 PSF). Bukit Panjang MRT is 556m away (7-min walk), functional but not a headline selling point.

The +0.6% two-year price movement is negligible -- neither bullish nor bearish. 54 transactions over two years gives deep liquidity and reliable pricing signals.

Leasehold tenure -- buyers should verify the remaining lease and assess CPF/LTV implications before committing. Gross yield of 3.5% beats the OCR average of 0.0%. With $6,245/month median rent, income-focused buyers have a real case here.

At 105 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.

PSF Trend

Quarterly
1,840
2024-Q1
1,820
2024-Q2
1,724
2024-Q3
1,819
2024-Q4
1,817
2025-Q1
1,739
2025-Q2
1,781
2025-Q3
1,797
2025-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2025
DatePriceSizePSFFloor
Nov 2025$2,323,0001,410 sqft$1,64701-05
Nov 2025$2,108,0001,109 sqft$1,90101-05
Oct 2025$2,495,0001,389 sqft$1,79701-05
Sep 2025$2,028,0001,109 sqft$1,82901-05
Sep 2025$2,215,0001,206 sqft$1,83701-05
Sep 2025$2,027,0001,109 sqft$1,82801-05
Aug 2025$1,854,0001,012 sqft$1,83201-05
Aug 2025$1,944,0001,109 sqft$1,75301-05
Jul 2025$2,473,0001,389 sqft$1,78101-05
Jul 2025$2,669,0001,636 sqft$1,63101-05
Showing 10 of 105 transactions

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