The Peak@Balmeg
Balmeg Hill · District 05 · Rest of Central Region (RCR) · Freehold
The Peak@Balmeg is a condominium development in District 05 (RCR). Based on 25 URA-recorded transactions from 2021–2026, its median price is $2,700,000, with prices moving about -1.1%/yr and a gross rental yield near 3.2%.
The verdict · for an investor
The Peak@Balmeg · Condominium · District 05 · Freehold
The Peak@Balmeg 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 4 min on foot.
- Rentable — ~3.2% gross yield; transport nearby keep tenants coming.
And what makes it better
- Inside one-north — a government-committed long-term catalyst.
What's holding it back
- The 5-bed has lagged (−5.2%).
- No Primary-1 priority school within 1km.
- The market's near the top of its cycle — mind your entry price.
Should I buy?
There's a case — weigh the caveats first.
Rental yield
gross, on this project
Priced vs nearby
priced under the walkable neighbours.
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 1,507 sqft (5-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 1,507 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
≤ $2.60M
Aim at the middle or below. A patient buyer has been getting closer to $2.51M.
If you’re selling
~$2.71M
List at the top of fair; realistic close is $2.60M–$2.63M 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: ~$894k 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 (~3.0%/yr), and past pace never promises the future.
Built from URA transactions for The Peak@Balmeg — an opinion to decide and negotiate with, never a valuation and never financial advice.
If you’re buying — the outlook
The Peak@Balmeg
Rest of Central Region (RCR) · District 05 · ~$1,524 psf · 3.2% 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 The Peak@Balmeg, 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 against you.
What it means for you: At ~$1,524 psf, The Peak@Balmeg is priced below similar new projects nearby — good value against its peers. But its own prices have gone flat (~-1.1%/yr over ~5 years). The real watch-out: about 2,473 brand-new units come up for sale in this district by 2028 — direct competition for when you sell. Buying near the top of the cycle just as that lands can cap your gains. So — push hard on price — this is a buyer's situation. If the seller won't move, walk; there's no rush.
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
The Peak@Balmeg's own prices have softened — about -19% 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.
Holds prices back
About 2,473 new units are still unsold in this district, with the first big batch finishing around 2028 — plenty of fresh supply that can hold prices and rents back.
Supports prices
New launches in this district are selling well — 8 recent ones are around 98% sold, so buyer demand here is healthy right now.
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.
Holds prices back
Rents at The Peak@Balmeg have slipped ~4% over the last couple of years — weaker support if you rent it out.
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.
How far could it go — and when?
Is the price high? ~$1,524 psf is ~40% below similar nearby projects (~$2,525). good value
(The whole city fringe average is ~$1,830 psf — but that lumps in older stock, so we compare like with like, not against that.)
What’s realistic here? Its own record and its real neighbours — not the market.
The Peak@Balmeg has grown ~-1.1%/yr over ~5 years. Similar nearby: Normanton Park 2.8%, Lyndenwoods 9.9%, Bloomsbury Residences 3%, Blossoms By The Park -1.5%, Terra Hill 0.2% — a -1.5–9.9%/yr spread (most around 2.8%).
You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.
What price per sqft are you hoping to sell at one day?
Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.
Median price
$2,700,000
2021–2026 (URA)
Appreciation
-1.1%/yr
median trend
Gross yield
3.2%
~$4.05/psf rent
Lease
Freehold
The Peak@Balmeg median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does The Peak@Balmeg 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 The Peak@Balmeg
Questions people ask about The Peak@Balmeg
Is The Peak@Balmeg freehold or leasehold?
The Peak@Balmeg is a freehold development in District 05 (Rest of Central Region (RCR)). Freehold means there is no lease running down.
How much does The Peak@Balmeg cost per square foot?
Recent transactions at The Peak@Balmeg are around $1,524 psf. Across its record, transacted prices range from $1,780,000 to $4,900,000.
Which MRT station is nearest The Peak@Balmeg?
The nearest MRT is Haw Par Villa MRT, about 210 m away (straight-line).
Has The Peak@Balmeg gone up in value?
Across 25 URA-recorded transactions (2021–2026), prices at The Peak@Balmeg have moved about -1.1% a year on average, with a gross rental yield near 3.2%. That is a past record, not a forecast.
What condos are comparable to The Peak@Balmeg?
Within a short walk: Kent Ridge Hill Residences, Terra Hill, Lyndenwoods, Normanton Park. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is The Peak@Balmeg a good buy?
The Peak@Balmeg 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.