The Areca
Project page · 99-year lease from 2000
Based on 5 sales in this project, last 24 months. Search widened 2 of 4 steps to find enough comparable sales. 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.
| Sold | Where | Floor | Size | Price | Per sqft | Index × | Adjusted |
|---|---|---|---|---|---|---|---|
| Jan 2026 | The Areca | - | 2,519 sqft | S$2,539,999 | S$1,008 psf | ×0.988 | S$997 psf |
| May 2025 | The Areca | - | 2,519 sqft | S$2,520,000 | S$1,001 psf | ×1.006 | S$1,007 psf |
| Mar 2025 | The Areca | - | 2,454 sqft | S$2,570,000 | S$1,047 psf | ×0.995 | S$1,042 psf |
| Jan 2025 | The Areca | - | 2,465 sqft | S$2,450,000 | S$994 psf | ×0.995 | S$989 psf |
| Dec 2024 | The Areca | - | 2,443 sqft | S$2,520,000 | S$1,031 psf | ×1.012 | S$1,044 psf |
How accurate is this estimate for The Areca?
Too few sales since Q4 2025 to score the estimate here. Three are the minimum, and this project has not had them.
Buying or selling at S$2,470,676?
Buying: Stamp duty on S$2,470,676 · Cash and CPF needed on S$2,470,676 · How much can I borrow · Monthly repayment on a 75% loan.
Selling: Net proceeds from selling on S$2,470,676.
Each opens with this figure filled in; change anything there.
Primary schools near 27p Bunga Rampai Place
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
- Maris Stella High School (boys) · 619 m · balloted in 2025 Phase 2C (citizens within 1 km)
- Cedar Primary School · 967 m · no 2025 Phase 2C ballot · near the line — check on OneMap
1 to 2 km
- Paya Lebar Methodist Girls' School (Primary) (girls) · 1,129 m · balloted in 2025 Phase 2C (citizens 1-2 km away)
- Canossa Catholic Primary School · 1,346 m · no 2025 Phase 2C ballot
- Yangzheng Primary School · 1,871 m · balloted in 2025 Phase 2C (citizens within 1 km)
Past transactions
| Date | Detail | Area | Price | Per area |
|---|---|---|---|---|
| Jan 2026 | The Areca · Strata Terrace · 73 years left | 2,519 sqft | S$2,539,999 | S$1,008 psf |
| May 2025 | The Areca · Strata Terrace · 74 years left | 2,519 sqft | S$2,520,000 | S$1,001 psf |
| Mar 2025 | The Areca · Strata Terrace · 74 years left | 2,454 sqft | S$2,570,000 | S$1,047 psf |
| Jan 2025 | The Areca · Strata Terrace · 74 years left | 2,465 sqft | S$2,450,000 | S$994 psf |
| Dec 2024 | The Areca · Strata Terrace · 74 years left | 2,443 sqft | S$2,520,000 | S$1,031 psf |
| Aug 2024 | The Areca · Strata Terrace · 74 years left | 2,519 sqft | S$2,510,000 | S$997 psf |
| Jun 2024 | The Areca · Strata Terrace · 75 years left | 2,454 sqft | S$2,480,000 | S$1,011 psf |
| Apr 2023 | The Areca · Strata Terrace · 76 years left | 2,454 sqft | S$2,128,888 | S$867 psf |
| Aug 2022 | The Areca · Strata Terrace · 76 years left | 2,443 sqft | S$2,038,888 | S$834 psf |
| Jul 2022 | The Areca · Strata Terrace · 77 years left | 2,411 sqft | S$1,868,888 | S$775 psf |
Sale prices as filed in caveats.
| Period | Detail | Monthly rent | Per area |
|---|
Rents as approved by HDB, or as filed with URA for private homes, where the floor area is given as a band.
Where the lease takes this
About 72 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 now | Lease left | Prices flat | Prices 2% a year | Prices 4% a year | This market's record, 4.09% a yearmeasured |
|---|---|---|---|---|---|
| 5 years | 67 years | S$2,415,568 | S$2,666,982 | S$2,938,908 | S$2,951,646 |
| 10 years | 62 years | S$2,310,982 | S$2,817,074 | S$3,420,818 | S$3,450,536 |
| 20 years | 52 years | S$2,035,958 | S$3,025,327 | S$4,461,036 | S$4,538,884 |
On a flat market the lease alone costs 18% over 20 years. Prices would need to rise about 0.97% a year to cancel that out.
The measured column repeats what this market did between Q1 2015 and Q2 2026, which was 4.09% 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.