124 Ocean Drive
Terrace House · in Southern Islands, District 4, Singapore · 99 yrs from 03/01/2005 · Completed 2007
Intro: 124 Ocean Drive is a terrace house located along Ocean Drive within District 04 with a 99-year lease commencing on 3 January 2005. It was completed in 2007. So far it has been transacted a total of 3 times, amounting to $13.7M+ in total.
124 Ocean Drive project details
124 Ocean Drive price, PSF and transaction trends
124 Ocean Drive transaction volume
Among the latest 3 recorded sales for 124 Ocean Drive, the median price was S$5,300,000 and the median PSF was S$2,020 psf. The newest record shown is from 23 June 2016. The annual project median was 80.4% higher in 2016 than in 2006; unit mix can affect year-to-year comparisons.
Recent 124 Ocean Drive transactions
| Date | Sale type | Price | PSF | Size |
|---|---|---|---|---|
| 23 June 2016 | Resale | S$5,300,000 | S$2,020 psf | 2,623 sqft |
| 12 May 2008 | Sub Sale | S$5,500,000 | S$2,097 psf | 2,623 sqft |
| 20 October 2006 | Sub Sale | S$2,938,000 | S$1,120 psf | 2,623 sqft |
124 Ocean Drive median transaction PSF (S$)
124 Ocean Drive annual price trend
| Year | Median price | Median PSF | Recorded sales |
|---|---|---|---|
| 2016 | S$5,300,000 | S$2,020 psf | 1 |
| 2008 | S$5,500,000 | S$2,097 psf | 1 |
| 2006 | S$2,938,000 | S$1,120 psf | 1 |
124 Ocean Drive annualized profit %
124 Ocean Drive rental prices and estimated yield
Among the latest 12 recorded rental contracts for 124 Ocean Drive, the median monthly rent was S$15,500, with records ranging from S$10,000 to S$22,000.
Recent 124 Ocean Drive rental contracts
| Lease date | Bedrooms | Monthly rent | Est. PSF | Area |
|---|---|---|---|---|
| 1 July 2025 | — | S$17,000 | S$5 psf | 3000-3500 |
| 1 September 2024 | — | S$16,000 | S$7 psf | 2000-2500 |
| 1 August 2023 | — | S$19,400 | S$6 psf | 3000-3500 |
| 1 July 2023 | — | S$20,500 | S$6 psf | 3000-3500 |
| 1 June 2023 | — | S$22,000 | S$10 psf | 2000-2500 |
124 Ocean Drive rental volume
Frequently asked questions about 124 Ocean Drive
How much do units at 124 Ocean Drive cost?
The latest 3 recorded sales show a median price of S$5,300,000 and a median of S$2,020 psf. Actual prices vary by floor, size, facing, condition and sale date.
What are the rental price and estimated yield at 124 Ocean Drive?
The latest recorded median monthly rent is S$15,500. Rental yield is indicative and can vary by unit and costs.
Is 124 Ocean Drive freehold or leasehold?
124 Ocean Drive has a tenure of 99 yrs from 03/01/2005.
When was 124 Ocean Drive completed?
124 Ocean Drive was completed in 2007.
Data sources and methodology
Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 July 2025. Figures are indicative and do not constitute financial advice.
