WOOLLERTON PARK

WOOLLERTON PARK
RESALE CONDODistrict 10
Farrer Road MRT · 2 min walk (129m)CCRFreehold
Total Units
72
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
2,282
24.9% QoQ
Total Sales
3
since 2021-07
Price Range
$5.0M$24.4M
all-time
Unit Size
6,821 sqft
Floors 66
PSF MOVEMENT ALERT — 2023-Q2
Median PSF fell 24.9% quarter-on-quarter (from $2,823 in 2023-Q1 to $2,121 in 2023-Q2). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

WOOLLERTON PARK is a freehold mid-sized 72-unit development on WOOLLERTON PARK in the Tanglin-Holland prestige zone (CCR), just 2 minutes on foot from Farrer Road MRT. Freehold tenure is the standout structural feature -- no lease decay, no CPF restrictions, and perpetual land value underpinning the asset even when transaction data is thin.

Transaction volume has been effectively zero in recent periods, which makes any pricing assessment speculative at best. The absence of recent deals could reflect stable long-term ownership, or it could signal a market that has difficulty finding willing buyers at current expectations. Either way, price discovery is severely limited.

Rental yield data is also missing, compounding the opacity. In the CCR, high-end tenants can be selective and vacancies punishing. Without rental benchmarks, income assumptions are guesswork.

Freehold CCR stock is finite and becoming scarcer with every government land sale. WOOLLERTON PARK carries long-term scarcity value, though near-term price action will depend on broader luxury market sentiment and the pace of foreign demand recovery.

PSF Trend

Quarterly
1,902
2021-Q3
2,823
2023-Q1
2,121
2023-Q2

Recent Transactions

Data refreshed monthly · Last transaction: Apr 2023
DatePriceSizePSFFloor
Apr 2023$5,000,0002,357 sqft$2,12106-10
Mar 2023$24,400,0008,643 sqft$2,823-
Jul 2021$18,000,0009,462 sqft$1,902-
Showing 3 of 3 transactions

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