Issue 001June 18, 2026

District 12 Pulse | May 2026 | Toa Payoh / Balestier

District 12 Pulse May 2026
Roncasa ▪ Data Pulse District 12 · Toa Payoh / Balestier Verified as of 19 Jul 2026 May 2026
◆ Balanced Market◆ Sellers Hold Leverage◆ Stable Rental Market
Median PSF · May 2026
$1,764 ▲ +0.6% MoM
Resale Caveats
32
▼ 3.0% vs prior mth
vs RCR Median
-10.1%
▲ $1,963 base
District Rank
#9 / 28
RCR by PSF

District 12 is trading about 10% below the wider RCR median — that gap is worth understanding before you make a move here.

Volume eased slightly in District 12 in May 2026, with 32 resale caveats compared to 33 in April. Month-on-month, the district median PSF edged up 0.6% to $1,764 — a balanced market with no strong directional pressure. The district sits below the RCR region median of $1,963 psf (-10.1%).

$1,764
Median PSF
32
Resale Caveats
#9
District Rank

Verified as of 19 Jul 2026 · Latest URA data through May 2026

01District Context
$1,595$1,813$2,032MarAprMay$1,764 ↑0.6%DistrictOCRIsland Wide

District 12 vs OCR vs Island Wide — Median PSF, last 3 months. Source: URA REALIS.

Metric District 12 RCR Region Island Wide
Median PSF $1,764 $1,963 $1,719
Caveats 32 318 1,173
vs D12 +11.3% -2.6%
District 12$1,764RCR Region$1,963Island Wide$1,719

District 12 ranks #9 of 28 RCR districts by median PSF this month. Island Wide spans all districts and market segments, including a small number of legacy-labeled caveats. Source: URA REALIS.

3-Month Trend

Month Caveats Median PSF MoM
Mar 2026 28 $1,644 -1.6%
Apr 2026 33 $1,754 +6.7%
May 2026 32 $1,764 +0.6%

Over the 3 months to May 2026, District 12's median PSF has climbed (+7.3%), while caveat volume grew.

Condo & EC resale only. Source: URA REALIS.

02ResaleMay 2026

The $1,764 median PSF represents a 0.6% gain against April's $1,754. Caveat count fell 3% from 33 to 32. Figures cover condo and EC resale only — landed and strata-landed are excluded as their per-sqft dynamics differ materially from the strata market. If you're a seller, this month's data supports holding asking price.

Top Projects by Volume

Project Caveats Share Median PSF vs D12
Eight Riversuites 3 9% $1,903 +7.9%
Gem Residences 2 6% $1,977 +12.1%
Iresidences 2 6% $1,872 +6.1%
Kallang Riverside 2 6% $2,508 +42.1%
Parc Haven 2 6% $1,104 -37.4%
All other projects 21 66%

Eight Riversuites led with 3 caveats (9% of all district resale) at a median $1,903 psf — 8% above the district median. Gem Residences and Iresidences followed with 2 and 2 caveats respectively. Concentration in a few projects usually signals strong secondary-market liquidity — these PSF figures are your most current real-world price anchors.

Top 5 projects by caveat count. Source: URA REALIS.

Type Caveats Share Median PSF MoM PSF
Studio 0 No resale caveats lodged in the past 12 months for this size.
1-Bed 11 34% $1,892 +5.0%
2-Bed 10 31% $1,754 +0.4%
3-Bed (est.) 9 28% $1,604 -11.6%
4-Bed+ (est.) 2 $1,722 12-mo avg · 22 caveats
Type Caveats Share Median PSF MoM PSF
1-Bed 11 34% $1,892 +5.0%

Top Projects — 1-Bed

Project Caveats Share of Bucket Median PSF
Eight Riversuites 2 18.2% $1,898
Gem Residences 2 18.2% $1,977
Jui Residences 1 9.1% $1,964
Type Caveats Share Median PSF MoM PSF
2-Bed 10 31% $1,754 +0.4%

Top Projects — 2-Bed

Project Caveats Share of Bucket Median PSF
Kallang Riverside 2 20.0% $2,508
Beacon Heights 1 10.0% $1,545
Bliss Loft 1 10.0% $999
Type Caveats Share Median PSF MoM PSF
3-Bed (est.) 9 28% $1,604 -11.6%

Top Projects — 3-Bed

Project Caveats Share of Bucket Median PSF
Iresidences 1 11.1% $1,961
Moonstone Residences 1 11.1% $1,566
Oleander Towers 1 11.1% $1,604
Type Caveats Share Median PSF MoM PSF
4-Bed+ (est.) 2 $1,722 12-mo avg · 22 caveats

Top Projects — 4-Bed+

Project Caveats Share of Bucket Median PSF
Giffard Mansions 1 50.0% $1,129
The Centrio 1 50.0% $1,333

1-Bed units led resale activity in May 2026, accounting for 11 of 32 caveats (34%) at a median $1,892 psf. That segment's PSF moved 5.0% up month-on-month — worth tracking if you're targeting this size.

Type matched from Roncasa unit-mix database where available; others inferred from unit size. Source: URA REALIS + Roncasa unit mix.

Median PSF by Bedroom Type — 3-Month Movement

$1,169$1,770$2,371MarAprMay1-Bed2-Bed3-Bed4-Bed+

Each bedroom size moves differently — this isolates the trend per size. Source: URA REALIS.

Top Resale Transactions

Project Floor Size (sqft) Price PSF
The Centrio 11-15 2,971 $3,960,000 $1,333
Kallang Riverside 26-30 1,432 $3,455,000 $2,413
The Arte 21-25 1,625 $3,205,000 $1,972
Kallang Riverside 16-20 1,001 $2,605,000 $2,602
Iresidences 21-25 1,313 $2,575,000 $1,961
Project Floor Size (sqft) Price PSF
Vista Residences 06-10 1,195 $2,500,000 $2,092
Pinnacle 16 06-10 581 $1,025,000 $1,763
Parc Haven 01-05 764 $970,000 $1,269
Jui Residences 06-10 463 $908,888 $1,964
Gem Residences 36-40 452 $908,000 $2,008
Project Floor Size (sqft) Price PSF
Kallang Riverside 26-30 1,432 $3,455,000 $2,413
Kallang Riverside 16-20 1,001 $2,605,000 $2,602
Iresidences 21-25 1,066 $1,900,000 $1,783
Verticus 11-15 700 $1,620,000 $2,315
Bliss Loft 11-15 1,399 $1,398,000 $999
Project Floor Size (sqft) Price PSF
The Arte 21-25 1,625 $3,205,000 $1,972
Iresidences 21-25 1,313 $2,575,000 $1,961
Shaw Plaza - Twin Heights 11-15 1,421 $2,520,000 $1,774
Parc Haven 06-10 2,519 $2,368,888 $940
One St Michael's 11-15 1,184 $2,280,000 $1,926
Project Floor Size (sqft) Price PSF
The Centrio 11-15 2,971 $3,960,000 $1,333
Giffard Mansions 01-05 1,755 $1,980,000 $1,129

Showing all 2 transactions this month for this size.

Top 5 resale caveats by transaction price. Bedroom count from Roncasa's crown-jewel bedroom routing (est. = rare area-size fallback for the unmatched caveat). Condo & EC only. Source: URA REALIS.

03Rental MarketLatest available: April 2026 · URA rental lodgements typically lag ~1–2 months behind sales
RCR Vacancy Rate
6.3%
2026Q1 · +0.3pp vs 2025Q4 (6.0%)
5.5%7.0%8.4%2024Q22024Q42025Q22025Q46.3%RCRSingapore

RCR vs Singapore-wide vacancy rate, last 8 quarters. Source: SingStat / URA.

At 6.3% and rising 0.3pp QoQ, RCR vacancy is elevated — tenants have more negotiating room than usual — a useful signal for anyone weighing a rental play here.

Median Rent
$2,900/mo
Rent MoM
-3.3%
Leases This Month
56
Leases MoM
-15.2%
Median Size
~450 sqft
Rental PSF
$6.44 psf/mo

Rents softening (-3.3% MoM) on thin volume.

+1 additional lease this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 1-Bed Rentals

Project Leases Median Rent
Cradels 8 $2,875/mo
Riverbay 5 $2,550/mo
City Suites 4 $2,850/mo
Median Rent
$3,800/mo
Rent MoM
+2.7%
Leases This Month
64
Leases MoM
-21.0%
Median Size
~850 sqft
Rental PSF
$4.47 psf/mo

Rents firming (+2.7% MoM) on thin volume.

+2 additional leases this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 2-Bed Rentals

Project Leases Median Rent
Kallang Riverside 6 $5,700/mo
Eight Riversuites 4 $3,975/mo
Gem Residences 4 $3,300/mo
Median Rent
$4,750/mo
Rent MoM
-5.0%
Leases This Month
73
Leases MoM
+10.6%
Median Size
~1,150 sqft
Rental PSF
$4.13 psf/mo

Rents softening (-5.0% MoM) on rising demand.

+2 additional leases this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 3-Bed Rentals

Project Leases Median Rent
Vista Residences 5 $5,500/mo
Calarasi 4 $4,450/mo
Gem Residences 4 $4,875/mo
Median Rent
$5,650/mo
Rent MoM
-11.0%
Leases This Month
6
Leases MoM
-25.0%
Median Size
~1,500 sqft
Rental PSF
$3.77 psf/mo

Rents softening (-11.0% MoM) on thin volume.

+2 additional leases this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 4-Bed+ Rentals

Project Leases Median Rent
Non-Landed Housing Development 2 $8,950/mo
Oleander Towers 2 $4,900/mo
D'mira 1 $5,500/mo

Private residential leases lodged with URA. Excludes HDB. URA tenancy agreements don't require bedroom type — ~13% of leases are unspecified; inferred from unit size where possible. Source: URA REALIS.

04New Launch

Unsold Stock

Project Available Total % Sold
The Arcady At Boon Keng 66 units 150 units 56%
The Orie 36 units 117 units 69%
Jui Residences 1 unit 1 unit 0%

New launch supply is narrowing — 103 units across 3 projects. Specific stacks and bedroom types may already be sold out. Resale and new launch are increasingly converging in what's available.

Source: EcoProp live balance. Latest available snapshot.

New Launch by Bedroom Type

Unit Type Available Total % Sold Size
1 Bedroom + Study 29 units 89 units 67% 517–527 sqft
Unit Type Available Total % Sold Size
2 Bedroom + Study 26 units 38 units 32% 764–764 sqft
2 Bedroom 2 units 38 units 95% 678–678 sqft
Unit Type Available Total % Sold Size
3 Bedroom Premium 21 units 31 units 32% 1,087–1,195 sqft
3 Bedroom Premium + Study 13 units 21 units 38% 1,281–1,281 sqft
3 Bedroom Dual Key 8 units 39 units 79% 1,130–1,130 sqft
3 Storey Strata Shophouse 1 unit 1 unit 0% 6,553–6,553 sqft
Unit Type Available Total % Sold Size
Penthouse 2 units 2 units 0% 2,433–2,583 sqft
4 Bedroom + Study 1 unit 9 units 89% 1,410–1,410 sqft

All unit types shown, including fully sold-out ones (⚠). Size = min–max sqft across matching Roncasa unit-mix records; blank where no match exists. Source: EcoProp live balance + Roncasa unit mix, aggregated across all active District 12 projects.

New Launch Volume Analysis

Scope New Sale Vol MoM Median PSF PSF MoM
District 10 units +66.7% $2,674 -1.1%
Region 591 units +93.8% $2,513 -9.9%
Singapore 884 units -68.3% $2,481 +10.9%

Region normalizes legacy market_segment labels (e.g. "Outside Central Region" alongside "OCR"). New Sale, condo & EC only. Source: URA REALIS.

10 units

District 12 sold 10 new launch units this month — #15 of 22 districts. D05 led with 415.

1.1% of the 884-unit Singapore total. Source: URA REALIS.

05Ron's Read
Ron's Read

District 12 held its pricing in May 2026 with minimal movement. That kind of stability reflects a balanced market — neither side holds strong leverage. Anchor to recent comparables on both sides. Sentiment isn't driving this market right now — data is. With 103 new launch units still available, resale buyers should benchmark against new launch pricing before committing — the gap tells you a lot about relative value.

06What It Means For You
What does this data mean for you?
Typical Entry Price
$1,137,437
vs OCR Median PSF
-3.6%
Est. Gross Yield
~3.1%
Rental Range
$2,738–$3,000/mo
Rental Size · PSF
~450 sqft · $6.44 psf/mo

Rising (+5.0% MoM) — expect less room to negotiate on this size.

Estimate only, based on a 601 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$1,611,046
vs OCR Median PSF
-10.6%
Est. Gross Yield
~2.8%
Rental Range
$3,450–$4,200/mo
Rental Size · PSF
~850 sqft · $4.47 psf/mo

Flat — sentiment isn't driving this size right now, anchor to recent comparables.

Estimate only, based on a 918 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$2,360,480
vs OCR Median PSF
-18.3%
Est. Gross Yield
~2.4%
Rental Range
$4,300–$5,300/mo
Rental Size · PSF
~1,150 sqft · $4.13 psf/mo

Softening (-11.6% MoM) — a reasonable window to negotiate on this size.

Estimate only, based on a 1,472 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$3,355,870
12-mo avg · 22 caveats
vs OCR Median PSF
-12.3%
Est. Gross Yield
Rental Size · PSF
~1,500 sqft · $3.77 psf/mo

Flat — no clear month-on-month signal yet for this size; anchor to recent comparables.

Estimate only, based on a 1,949 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Resale Caveats
11
Exit Price Est.
$1,137,437
Exit Median PSF
$1,892
Rental Size · PSF
~450 sqft · $6.44 psf/mo

Rising (+5.0% MoM) — expect less room to negotiate on this size.

Rental softening, -3.3% MoM — price with that in mind (56 leases last month). Currently -3.6% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $980,000–$1,108,000 $1,461–$1,915 psf
High (11+) $900,000–$1,388,888 $1,581–$1,997 psf

P25–P75 range. Last 3 months, 1-Bed units only.

Get a Free Valuation
Resale Caveats
10
Exit Price Est.
$1,611,046
Exit Median PSF
$1,754
Rental Size · PSF
~850 sqft · $4.47 psf/mo

Flat (+0.4% MoM) — anchor to recent comparables.

Rental strong, +2.7% MoM — supports pricing (64 leases last month). Currently -10.6% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,448,000–$1,830,000 $1,545–$1,702 psf
High (11+) $1,470,000–$2,120,000 $1,687–$2,074 psf

P25–P75 range. Last 3 months, 2-Bed units only.

Get a Free Valuation
Resale Caveats
9
Exit Price Est.
$2,360,480
Exit Median PSF
$1,604
Rental Size · PSF
~1,150 sqft · $4.13 psf/mo

Softening (-11.6% MoM) — buyers may push back on this size.

Rental softening, -5.0% MoM — price with that in mind (73 leases last month). Currently -18.3% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,880,000–$2,280,000 $1,468–$1,605 psf
High (11+) $1,950,000–$2,990,000 $1,603–$2,258 psf

P25–P75 range. Last 3 months, 3-Bed units only.

Get a Free Valuation
Resale Caveats
2
Exit Price Est.
$3,355,870
12-mo avg · 22 caveats
Exit Median PSF
$1,722
Rental Size · PSF
~1,500 sqft · $3.77 psf/mo

Flat — no clear month-on-month PSF signal yet for this size.

Rental softening, -11.0% MoM — price with that in mind (6 leases last month). Currently -12.3% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) Insufficient data (< 3 txns)
High (11+) $2,350,000–$3,205,000 $1,227–$1,629 psf

P25–P75 range. Last 3 months, 4-Bed+ units only.

Get a Free Valuation
Median Rent · 1-Bed
$2,900/mo
Low–High Range
$2,738–$3,000/mo
Est. Gross Yield
~3.1%
Median Size · PSF
~450 sqft · $6.44 psf/mo

Rents softening (-3.3% MoM) on thin volume.

Project Leases Median Rent
Cradels 8 $2,875/mo
Riverbay 5 $2,550/mo
City Suites 4 $2,850/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 2-Bed
$3,800/mo
Low–High Range
$3,450–$4,200/mo
Est. Gross Yield
~2.8%
Median Size · PSF
~850 sqft · $4.47 psf/mo

Rents firming (+2.7% MoM) on thin volume.

Project Leases Median Rent
Kallang Riverside 6 $5,700/mo
Eight Riversuites 4 $3,975/mo
Gem Residences 4 $3,300/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 3-Bed
$4,750/mo
Low–High Range
$4,300–$5,300/mo
Est. Gross Yield
~2.4%
Median Size · PSF
~1,150 sqft · $4.13 psf/mo

Rents softening (-5.0% MoM) on rising demand.

Project Leases Median Rent
Vista Residences 5 $5,500/mo
Calarasi 4 $4,450/mo
Gem Residences 4 $4,875/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 4-Bed+
$5,650/mo
Low–High Range
$5,350–$6,475/mo
Est. Gross Yield
Median Size · PSF
~1,500 sqft · $3.77 psf/mo

Rents softening (-11.0% MoM) on thin volume.

Project Leases Median Rent
Non-Landed Housing Development 2 $8,950/mo
Oleander Towers 2 $4,900/mo
D'mira 1 $5,500/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy