Issue 001October 18, 2026

District 12 Pulse | September 2026 | Toa Payoh / Balestier

District 12 Pulse September 2026
Roncasa ▪ Data Pulse District 12 · Toa Payoh / Balestier Verified as of 21 Oct 2026 September 2026
◆ Balanced Market◆ Hold Position◆ Tenant's Market
Median PSF · September 2026
$1,687 ▼ -2.5% MoM
Resale Caveats
19
▼ 45.7% vs prior mth
vs RCR Median
-15.4%
▲ $1,993 base
District Rank
#11 / 28
RCR by PSF

District 12 is trading about 15% below the wider RCR median — that gap is worth understanding before you make a move here.

Volume cooled noticeably in District 12 in September 2026, with 19 resale caveats compared to 35 in August. Month-on-month, the district median PSF softened 2.5% to $1,687 — giving buyers a softer entry point. The district sits below the RCR region median of $1,993 psf (-15.4%).

$1,687
Median PSF
19
Resale Caveats
#11
District Rank

Verified as of 21 Oct 2026 · Latest URA data through Sep 2026

01District Context
$1,622$1,837$2,053JulAugSep$1,687 ↓2.5%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 $1,687 $1,993 $1,711
Caveats 19 204 702
vs D12 — +18.1% +1.4%
District 12$1,687RCR Region$1,993Island Wide$1,711

District 12 ranks #11 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
Jul 2026 38 $1,672 -11.7%
Aug 2026 35 $1,730 +3.5%
Sep 2026 19 $1,687 -2.5%

Over the 3 months to September 2026, District 12's median PSF has held steady (+0.9%), while caveat volume shrank.

Condo & EC resale only. Source: URA REALIS.

02ResaleSeptember 2026

The $1,687 median PSF represents a 2.5% dip against August's $1,730. Caveat count fell 46% from 35 to 19. 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 buyer, this is a reasonable window to negotiate.

This month in District 12: 3 study units · 1 sky unit.

A Roncasa exclusive — no other Singapore property platform surfaces penthouse, dual-key, study, sky, or duplex units at the individual-caveat level.

Top Projects by Volume

Project Caveats Share Median PSF vs D12
Eight Riversuites 5 26% $2,001 +18.6%
Trevista 2 11% $2,083 +23.5%
Beacon Heights 2 11% $1,352 -19.8%
The Viridian 2 11% $1,375 -18.5%
Riviera 38 1 5% $1,609 -4.6%
All other projects 7 37% — —

Eight Riversuites led with 5 caveats (26% of all district resale) at a median $2,001 psf — 19% above the district median. Trevista and Beacon Heights 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. Concentrated activity at one project means better price discovery there than anywhere else in the district right now.

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 3 — $1,735 12-mo avg · 82 caveats —
2-Bed 11 58% $1,884 +5.2%
3-Bed (est.) 4 — $1,734 12-mo avg · 120 caveats —
4-Bed+ (est.) 1 — $1,682 12-mo avg · 20 caveats —
Type Caveats Share Median PSF MoM PSF
1-Bed 3 — $1,735 12-mo avg · 82 caveats —

Top Projects — 1-Bed

Project Caveats Share of Bucket Median PSF
Beacon Heights 1 33.3% $1,468
Pinnacle 16 1 33.3% $1,909
Suites @ Topaz 1 33.3% $1,725
Type Caveats Share Median PSF MoM PSF
2-Bed 11 58% $1,884 +5.2%

Top Projects — 2-Bed

Project Caveats Share of Bucket Median PSF
Eight Riversuites 5 45.5% $2,001
Chelsea Grove 1 9.1% $1,545
M66 1 9.1% $1,398
Type Caveats Share Median PSF MoM PSF
3-Bed (est.) 4 — $1,734 12-mo avg · 120 caveats —

Top Projects — 3-Bed

Project Caveats Share of Bucket Median PSF
Beacon Heights 1 25.0% $1,236
Rajah Towers 1 25.0% $1,290
The Viridian 1 25.0% $1,106
Type Caveats Share Median PSF MoM PSF
4-Bed+ (est.) 1 — $1,682 12-mo avg · 20 caveats —

Top Projects — 4-Bed+

Project Caveats Share of Bucket Median PSF
Riverside Melodies 1 100.0% $1,405

2-Bed units led resale activity in September 2026, accounting for 11 of 19 caveats (58%) at a median $1,884 psf. That segment's PSF moved 5.2% 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

$1,200$1,620$2,041JulAugSep1-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 Viridian 21-25 3,326 $3,680,000 $1,106
Trevista 26-30 1,281 $2,900,000 $2,264
Rajah Towers 01-05 2,045 $2,638,888 $1,290
Riverside Melodies 11-15 1,744 $2,450,000 $1,405
Beacon Heights 01-05 1,970 $2,435,000 $1,236
Project Floor Size (sqft) Price PSF
Pinnacle 16 11-15 592 $1,130,000 $1,909
Beacon Heights 11-15 667 $980,000 $1,468
Suites @ Topaz 01-05 377 $650,000 $1,725

Showing all 3 transactions this month for this size.

Project Floor Size (sqft) Price PSF
Trevista 01-05 926 $1,760,000 $1,901
M66 01-05 1,130 $1,580,000 $1,398
Eight Riversuites 21-25 807 $1,550,000 $1,920
Chelsea Grove 01-05 958 $1,480,000 $1,545
The Viridian 16-20 883 $1,450,000 $1,643
Project Floor Size (sqft) Price PSF
The Viridian 21-25 3,326 $3,680,000 $1,106
Trevista 26-30 1,281 $2,900,000 $2,264
Rajah Towers 01-05 2,045 $2,638,888 $1,290
Beacon Heights 01-05 1,970 $2,435,000 $1,236

Showing all 4 transactions this month for this size.

Project Floor Size (sqft) Price PSF
Riverside Melodies 11-15 1,744 $2,450,000 $1,405

Showing all 1 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: August 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
$3,000/mo
Rent MoM
+0.0%
Leases This Month
68
Leases MoM
+6.2%
Median Size
~450 sqft
Rental PSF
$6.67 psf/mo

Rents holding steady (+0.0% MoM) on steady demand.

Top Projects — 1-Bed Rentals

Project Leases Median Rent
Eight Riversuites 5 $3,200/mo
Gem Residences 5 $3,050/mo
Neem Tree 5 $2,800/mo
Median Rent
$3,800/mo
Rent MoM
+0.0%
Leases This Month
88
Leases MoM
-3.3%
Median Size
~850 sqft
Rental PSF
$4.47 psf/mo

Rents holding steady (+0.0% MoM) on steady demand.

+4 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
Eight Riversuites 8 $4,150/mo
One Dusun Residences 7 $3,500/mo
Gem Residences 6 $3,650/mo
Median Rent
$4,962/mo
Rent MoM
+1.3%
Leases This Month
64
Leases MoM
-19.0%
Median Size
~1,200 sqft
Rental PSF
$4.14 psf/mo

Rents holding steady (+1.3% MoM) on thin volume.

+3 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
Trellis Towers 6 $5,175/mo
Vista Residences 6 $5,350/mo
Eight Riversuites 4 $5,175/mo
Median Rent
$6,975/mo
Rent MoM
-3.1%
Leases This Month
12
Leases MoM
+71.4%
Median Size
~1,650 sqft
Rental PSF
$4.23 psf/mo

Rents softening (-3.1% MoM) on rising demand.

+3 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 $5,800/mo
St Francis Court 2 $3,325/mo
The Riverine By The Park 2 $8,000/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 60 units 141 units 57%
The Orie 34 units 117 units 71%
Jui Residences 1 unit 1 unit 0%

Thin new launch inventory (95 units across 3 projects) — late-stage availability tends to be niche (specific types, higher floors). For most buyers here, resale is the market.

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 23 units 38 units 39% 764–764 sqft
2 Bedroom 2 units 38 units 95% 678–678 sqft
Unit Type Available Total % Sold Size
3 Bedroom Premium 19 units 31 units 39% 1,087–1,195 sqft
3 Bedroom Premium + Study 13 units 21 units 38% 1,281–1,281 sqft
3 Bedroom Dual Key 6 units 39 units 85% 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

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 4 units +100.0% $2,620 -0.4%
Region 85 units +9.0% $2,567 -3.3%
Singapore 180 units +1.1% $2,435 -2.8%

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

4 units

District 12 sold 4 new launch units this month — #13 of 19 districts. D05 led with 33.

2.2% of the 180-unit Singapore total. Source: URA REALIS.

05Ron's Read
Ron's Read

District 12 saw both prices and volume ease in September 2026 — the kind of double softening that creates real negotiating room. Not a distressed signal, but sellers who priced optimistically may need to recalibrate. For buyers, this is a window — softening PSF with available stock is the better entry setup. Don't wait for the market to confirm the bottom. New launch supply is limited — treat resale listings as the real price benchmark here, not developer pricing on what's left.

06What It Means For You
What does this data mean for you?
Typical Entry Price
$1,043,045
12-mo avg · 82 caveats
vs OCR Median PSF
-12.9%
Est. Gross Yield
—
Rental Size · PSF
~450 sqft · $6.67 psf/mo

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

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
$1,729,746
vs OCR Median PSF
-5.5%
Est. Gross Yield
—
Rental Size · PSF
~850 sqft · $4.47 psf/mo

Rising (+5.2% MoM) — expect less room to negotiate on this size.

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
$2,552,520
12-mo avg · 120 caveats
vs OCR Median PSF
-13.0%
Est. Gross Yield
—
Rental Size · PSF
~1,200 sqft · $4.14 psf/mo

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

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
$3,313,764
12-mo avg · 20 caveats
vs OCR Median PSF
-15.6%
Est. Gross Yield
—
Rental Size · PSF
~1,650 sqft · $4.23 psf/mo

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

Estimate only, based on a 1,970 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
3
Exit Price Est.
$1,043,045
12-mo avg · 82 caveats
Exit Median PSF
$1,735
Rental Size · PSF
~450 sqft · $6.67 psf/mo

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

Rental steady, +0.0% MoM (68 leases last month). Currently -12.9% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $825,700–$1,130,000 $1,433–$1,884 psf
High (11+) $1,050,000–$1,438,000 $1,606–$2,116 psf

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

Get a Free Valuation
Resale Caveats
11
Exit Price Est.
$1,729,746
Exit Median PSF
$1,884
Rental Size · PSF
~850 sqft · $4.47 psf/mo

Rising (+5.2% MoM) — expect less room to negotiate on this size.

Rental steady, +0.0% MoM (88 leases last month). Currently -5.5% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,380,000–$1,735,000 $1,357–$1,687 psf
High (11+) $1,538,888–$1,940,000 $1,722–$1,942 psf

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

Get a Free Valuation
Resale Caveats
4
Exit Price Est.
$2,552,520
12-mo avg · 120 caveats
Exit Median PSF
$1,734
Rental Size · PSF
~1,200 sqft · $4.14 psf/mo

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

Rental steady, +1.3% MoM (64 leases last month). Currently -13.0% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,710,000–$2,360,000 $1,406–$1,890 psf
High (11+) $2,160,000–$2,880,000 $1,730–$2,264 psf

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

Get a Free Valuation
Resale Caveats
1
Exit Price Est.
$3,313,764
12-mo avg · 20 caveats
Exit Median PSF
$1,682
Rental Size · PSF
~1,650 sqft · $4.23 psf/mo

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

Rental softening, -3.1% MoM — price with that in mind (12 leases last month). Currently -15.6% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $2,435,000–$2,990,000 $1,236–$1,478 psf
High (11+) $3,158,888–$3,501,888 $1,405–$2,021 psf

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

Get a Free Valuation
Median Rent · 1-Bed
$3,000/mo
Low–High Range
$2,700–$3,100/mo
Est. Gross Yield
—
Median Size · PSF
~450 sqft · $6.67 psf/mo

Rents holding steady (+0.0% MoM) on steady demand.

Project Leases Median Rent
Eight Riversuites 5 $3,200/mo
Gem Residences 5 $3,050/mo
Neem Tree 5 $2,800/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
$3,600–$4,125/mo
Est. Gross Yield
~2.6%
Median Size · PSF
~850 sqft · $4.47 psf/mo

Rents holding steady (+0.0% MoM) on steady demand.

Project Leases Median Rent
Eight Riversuites 8 $4,150/mo
One Dusun Residences 7 $3,500/mo
Gem Residences 6 $3,650/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
$4,962/mo
Low–High Range
$4,100–$5,362/mo
Est. Gross Yield
—
Median Size · PSF
~1,200 sqft · $4.14 psf/mo

Rents holding steady (+1.3% MoM) on thin volume.

Project Leases Median Rent
Trellis Towers 6 $5,175/mo
Vista Residences 6 $5,350/mo
Eight Riversuites 4 $5,175/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+
$6,975/mo
Low–High Range
$6,250–$7,008/mo
Est. Gross Yield
—
Median Size · PSF
~1,650 sqft · $4.23 psf/mo

Rents softening (-3.1% MoM) on rising demand.

Project Leases Median Rent
Non-Landed Housing Development 2 $5,800/mo
St Francis Court 2 $3,325/mo
The Riverine By The Park 2 $8,000/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