homequant
condo · 529875

Tropical Spring

Project page · 99-year lease from 1997

Indicative value range
S$1,630,000 – S$1,721,120
Indicative mid S$1,650,000 · S$1,236 psf

Based on 5 sales in this project, last 6 months. Search did not need to widen. See the comparable sales.

No storey entered, so sales were not adjusted for height

Comparable sales

Each price per area is scaled to Q2 2026 by the published index for the quarter it sold in.

SoldWhereFloorSizePricePer sqftIndex ×Adjusted
Sept 2026Tropical Spring01-051,076 sqftS$1,388,000S$1,290 psf×1.000S$1,290 psf
Aug 2026Tropical Spring01-051,335 sqftS$1,650,000S$1,236 psf×1.000S$1,236 psf
Aug 2026Tropical Spring06-101,076 sqftS$1,420,000S$1,319 psf×1.000S$1,319 psf
Jun 2026Tropical Spring01-051,335 sqftS$1,600,000S$1,199 psf×1.000S$1,199 psf
Jun 2026Tropical Spring01-051,335 sqftS$1,630,000S$1,221 psf×1.000S$1,221 psf

How accurate is this estimate for Tropical Spring?

We re-ran the estimate as of Q4 2025 on what was known at the time, then compared it with the 10 sales in Tropical Spring since.

Median error
1.9%

Half the estimates came closer than this to what the home actually fetched, half missed by more.

What the rent says

What this home earns against what it costs, set beside what homes like it earn.

3.20% gross yield

S$52,800 of rent a year against the estimate above · 0.35 points below flats like it

Leases signed here within a quarter of this size run about S$4,400 a month, the middle of 40 of them.

In outside the central region, leasehold flats with 60 to 69 years of lease left yield 3.55%, from 67 projects.

A yield above the mark means the flat rents well for what it costs, which can point to a keen rental patch or a price the sales alone have not caught up with. Below it, buyers are paying for something a tenant will not, such as the address itself.

Recent leases signed here

SignedSizeBedsTypeRent a month
Q3 20261500-1600 sqft3Non-landed PropertiesS$5,000
Q3 20261500-1600 sqft3Non-landed PropertiesS$5,000
Q3 20261300-1400 sqft3Non-landed PropertiesS$4,950
Q3 20261700-1800 sqft3Non-landed PropertiesS$4,900
Q3 20261700-1800 sqft3Non-landed PropertiesS$4,900
Q3 20261300-1400 sqft3Non-landed PropertiesS$4,750
Q3 20261300-1400 sqft3Non-landed PropertiesS$4,600
Q3 20261300-1400 sqft3Non-landed PropertiesS$4,600

median of 40 URA rental contracts at Tropical Spring within a quarter of 124 sqm, since 2025Q4.

Buying or selling at S$1,650,000?

Buying: Stamp duty on S$1,650,000 · Cash and CPF needed on S$1,650,000 · How much can I borrow · Monthly repayment on a 75% loan · Property tax on this rent.

Selling: Net proceeds from selling on S$1,650,000.

Each opens with this figure filled in; change anything there.

Primary schools near 27 Simei Street 4

Measured from each school's land to this address's own point, the way MOE bands P1 priority. MOE measures to the building's outline, so near 1 km or 2 km check OneMap's School Query.

Within about 1 km

1 to 2 km

Past transactions

Recorded sales
DateDetailAreaPricePer area
Sept 2026
Tropical Spring · 01-05 · Condominium · 69 years left
1,076 sqftS$1,388,000S$1,290 psf
Aug 2026
Tropical Spring · 06-10 · Condominium · 69 years left
1,076 sqftS$1,420,000S$1,319 psf
Aug 2026
Tropical Spring · 01-05 · Condominium · 69 years left
1,335 sqftS$1,650,000S$1,236 psf
Jun 2026
Tropical Spring · 01-05 · Condominium · 70 years left
1,335 sqftS$1,600,000S$1,199 psf
Jun 2026
Tropical Spring · 01-05 · Condominium · 70 years left
1,335 sqftS$1,630,000S$1,221 psf
Apr 2026
Tropical Spring · 06-10 · Condominium · 70 years left
1,378 sqftS$1,672,888S$1,214 psf
Jan 2026
Tropical Spring · 06-10 · Condominium · 70 years left
1,066 sqftS$1,398,000S$1,312 psf
Dec 2025
Tropical Spring · 06-10 · Condominium · 70 years left
1,335 sqftS$1,630,000S$1,221 psf
Dec 2025
Tropical Spring · 01-05 · Condominium · 70 years left
1,776 sqftS$1,850,000S$1,042 psf
Nov 2025
Tropical Spring · 06-10 · Condominium · 70 years left
excluded: outlier
1,378 sqftS$1,600,000S$1,161 psf
Nov 2025
Tropical Spring · 01-05 · Condominium · 70 years left
excluded: outlier
1,389 sqftS$1,650,000S$1,188 psf
Oct 2025
Tropical Spring · 06-10 · Condominium · 70 years left
1,378 sqftS$1,730,000S$1,256 psf
Sept 2025
Tropical Spring · 01-05 · Condominium · 70 years left
1,356 sqftS$1,650,000S$1,217 psf
Aug 2025
Tropical Spring · 06-10 · Condominium · 70 years left
1,378 sqftS$1,698,800S$1,233 psf
Jul 2025
Tropical Spring · 06-10 · Condominium · 71 years left
1,389 sqftS$1,685,000S$1,214 psf
Feb 2025
Tropical Spring · 01-05 · Condominium · 71 years left
1,335 sqftS$1,620,000S$1,214 psf
Jan 2025
Tropical Spring · 11-15 · Condominium · 71 years left
1,335 sqftS$1,638,000S$1,227 psf
Jan 2025
Tropical Spring · 06-10 · Condominium · 71 years left
1,528 sqftS$1,860,000S$1,217 psf
Jul 2024
Tropical Spring · 06-10 · Condominium · 72 years left
1,335 sqftS$1,550,000S$1,161 psf
May 2024
Tropical Spring · 06-10 · Condominium · 72 years left
1,378 sqftS$1,595,000S$1,158 psf
May 2024
Tropical Spring · 01-05 · Condominium · 72 years left
1,335 sqftS$1,538,888S$1,153 psf
Apr 2024
Tropical Spring · 01-05 · Condominium · 72 years left
1,335 sqftS$1,500,000S$1,124 psf
Jan 2024
Tropical Spring · 06-10 · Condominium · 72 years left
1,528 sqftS$1,772,888S$1,160 psf
Oct 2023
Tropical Spring · 06-10 · Condominium · 72 years left
1,378 sqftS$1,500,000S$1,089 psf
Aug 2023
Tropical Spring · 01-05 · Condominium · 72 years left
1,367 sqftS$1,438,000S$1,052 psf
Jul 2023
Tropical Spring · 01-05 · Condominium · 73 years left
1,076 sqftS$1,120,000S$1,041 psf
Jun 2023
Tropical Spring · 06-10 · Condominium · 73 years left
1,335 sqftS$1,400,000S$1,049 psf
Jun 2023
Tropical Spring · 06-10 · Condominium · 73 years left
1,066 sqftS$1,165,000S$1,093 psf
Jun 2023
Tropical Spring · 01-05 · Condominium · 73 years left
1,528 sqftS$1,645,000S$1,076 psf
May 2023
Tropical Spring · 06-10 · Condominium · 73 years left
1,389 sqftS$1,528,000S$1,100 psf
Apr 2023
Tropical Spring · 01-05 · Condominium · 73 years left
1,335 sqftS$1,400,000S$1,049 psf
Mar 2023
Tropical Spring · 01-05 · Condominium · 73 years left
1,927 sqftS$1,800,000S$934 psf
Feb 2023
Tropical Spring · 01-05 · Condominium · 73 years left
1,496 sqftS$1,620,000S$1,083 psf
Jan 2023
Tropical Spring · 06-10 · Condominium · 73 years left
1,076 sqftS$1,150,000S$1,068 psf
Sept 2022
Tropical Spring · 01-05 · Condominium · 73 years left
1,378 sqftS$1,320,000S$958 psf
Aug 2022
Tropical Spring · 06-10 · Condominium · 73 years left
1,389 sqftS$1,400,000S$1,008 psf
Jul 2022
Tropical Spring · 06-10 · Condominium · 74 years left
1,335 sqftS$1,320,000S$989 psf
Jul 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,787 sqftS$1,650,000S$923 psf
Jul 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,356 sqftS$1,140,000S$841 psf
Jun 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,066 sqftS$980,000S$920 psf
Jun 2022
Tropical Spring · 06-10 · Condominium · 74 years left
1,076 sqftS$1,105,000S$1,027 psf
Apr 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,335 sqftS$1,250,000S$937 psf
Apr 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,066 sqftS$1,000,000S$938 psf
Mar 2022
Tropical Spring · 01-05 · Condominium · 74 years left
1,356 sqftS$1,312,000S$967 psf
Feb 2022
Tropical Spring · 06-10 · Condominium · 74 years left
1,528 sqftS$1,500,000S$981 psf

Sale prices as filed in caveats.

Where the lease takes this

About 69 years of the 99-year lease remain. Every figure below lets the lease run down on the decay measured from private resales in this market, then applies the price path in that column. The paths are scenarios to choose between, not forecasts.

From nowLease leftPrices flatPrices 2% a yearPrices 4% a yearThis market's record, 4.58% a yearmeasured
5 years64 yearsS$1,578,561S$1,742,859S$1,920,561S$1,974,716
10 years59 yearsS$1,487,521S$1,813,280S$2,201,894S$2,327,820
20 years49 yearsS$1,321,312S$1,963,400S$2,895,156S$3,235,773

On a flat market the lease alone costs 20% over 20 years. Prices would need to rise about 1.12% a year to cancel that out.

The measured column repeats what this market did between Q1 2015 and Q2 2026, which was 4.58% a year. Past growth is not a promise of future growth.

Horizons we have not measured are left out rather than guessed at, so a short lease shows fewer rows.

Indicative estimate from comparable caveats. Not a formal valuation.