Southbank
North Bridge Road · District 07 · Rest of Central Region (RCR) · 99 yrs lease commencing from 2006
Southbank is an apartment development in District 07 (RCR). Based on 42 URA-recorded transactions from 2021–2026, its median price is $1,725,000, with prices moving about 1.6%/yr and a gross rental yield near 3.6%.
The verdict · for an investor
Southbank · Apartment · District 07 · Leasehold
Southbank is a mixed picture — a real case, with real caveats.
There's a genuine case here, but weigh the caveats below before you commit — the fundamentals and the record don't all point the same way.
Why it's pushing up
What matters most for you
- Convenient — MRT about 6 min on foot; 11 supermarkets, 5 food & retail spots nearby.
- Rentable — ~3.6% gross yield; transport nearby keep tenants coming.
And what makes it better
- 3-bed, 4-bed have risen since 2022.
- Steady ~3.6% gross rental yield.
What's holding it back
- Leasehold, ~79 years left — the lease clock weighs on price and financing the older it gets.
- The 2-bed has lagged (−3.9%).
- No Primary-1 priority school within 1km.
Should I buy?
There's a case — weigh the caveats first.
Rental yield
gross, on this project
Priced vs nearby
mid-priced for the immediate area.
Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.
Pick your exact unit — then check your price
Your unit’s exact size
Every real size that has sold here (URA caveats). Pick yours — or the closest.
What 958 sqft (3-bed) units go for here
The price they’re asking
Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.
Recent 958 sqft sales
What it rents for — and if that works
The rent you’d get
The price to fight for — and the endgame
No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.
If you’re buying
≤ $1.80M
Aim at the middle or below. A patient buyer has been getting closer to $1.74M.
If you’re selling
~$1.88M
List at the top of fair; realistic close is $1.80M–$1.82M unless it’s a high floor.
Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.
The reality check — does the gain even make sense?
Our blunt read: ~$310k over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~1.6%/yr), and past pace never promises the future.
Built from URA transactions for Southbank — an opinion to decide and negotiate with, never a valuation and never financial advice.
If you’re buying — the outlook
Southbank
Rest of Central Region (RCR) · District 07 · ~$1,879 psf · 3.6% yield
Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Southbank, its own prices have been flat lately. Over a 4-year hold, expect sideways-to-modest — not a big jump.
On balance, the wind is roughly even.
What it means for you: At ~$1,879 psf, Southbank is priced below similar new projects nearby — good value against its peers. Its own prices are only creeping up (~1.6%/yr over ~5 years). You'd also be buying near the top of the cycle, so entry price matters. So — negotiate, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.
The signals behind it
Dots show how much weight each one carries.
Holds prices back
Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.
Holds prices back
Southbank's own prices have softened — about -2% in the latest year.
About neutral
The city fringe (RCR) sits in the middle of the three areas on long-run growth.
Holds prices back
The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.
Supports prices
Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.
Supports prices
Against salaries, prices aren't expensive by past standards — people can still afford to buy.
Supports prices
Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.
About neutral
New launches in this district are selling at a middling pace (~67% sold).
Holds prices back · small effect
The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.
Holds prices back · small effect
Foreign buyers are almost gone since the 60% tax (~1.4% of buyers) — a small drag on the city fringe.
About neutral
Rents at Southbank have been flat over the last couple of years.
Supports prices · small effect
There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.
Supports prices · small effect
The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.
Supports prices · small effect
Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.
Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.
Median price
$1,725,000
2021–2026 (URA)
Appreciation
1.6%/yr
median trend
Gross yield
3.6%
~$5.56/psf rent
Lease
~79 yrs left
leasehold
Southbank median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does Southbank fit your budget?
GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.
Plan your purchase →Units for sale at Southbank
Questions people ask about Southbank
Is Southbank freehold or leasehold?
Southbank is on a 99-year lease that began in 2006, so about 79 years remain. It sits in District 07 (Rest of Central Region (RCR)).
How much does Southbank cost per square foot?
Recent transactions at Southbank are around $1,879 psf. Across its record, transacted prices range from $990,000 to $2,700,000.
Which primary schools are near Southbank?
Within 1–2 km: Farrer Park Primary School, Bendemeer Primary School, Hong Wen School. Distances are straight-line — the basis MOE uses for P1 priority.
Which MRT station is nearest Southbank?
The nearest MRT is Lavender MRT, about 200 m away (straight-line).
Has Southbank gone up in value?
Across 42 URA-recorded transactions (2021–2026), prices at Southbank have moved about 1.6% a year on average, with a gross rental yield near 3.6%. That is a past record, not a forecast.
What condos are comparable to Southbank?
Within a short walk: Citylights, Aurea, City Gate, Concourse Skyline, City Square Residences. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is Southbank a good buy?
Southbank sits in Rest of Central Region (RCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.