198 Ocean Drive
Terrace House · in Southern Islands, District 4, Singapore · 99 yrs from 18/03/2004 · Completed 2006
Intro: 198 Ocean Drive is a terrace house located along Ocean Drive within District 04 with a 99-year lease commencing on 18 March 2004. It was completed in 2006. So far it has been transacted a total of 5 times, amounting to $27.6M+ in total.
198 Ocean Drive project details
198 Ocean Drive price, PSF and transaction trends
198 Ocean Drive transaction volume
Among the latest 5 recorded sales for 198 Ocean Drive, the median price was S$5,360,000 and the median PSF was S$1,389 psf. The newest record shown is from 31 March 2021. The annual project median was 138.4% higher in 2021 than in 2005; unit mix can affect year-to-year comparisons.
Recent 198 Ocean Drive transactions
| Date | Sale type | Price | PSF | Size |
|---|---|---|---|---|
| 31 March 2021 | Resale | S$6,800,000 | S$1,762 psf | 3,860 sqft |
| 16 September 2010 | Resale | S$9,180,000 | S$2,378 psf | 3,860 sqft |
| 26 May 2007 | Resale | S$5,360,000 | S$1,389 psf | 3,860 sqft |
| 23 March 2006 | Sub Sale | S$3,400,000 | S$881 psf | 3,860 sqft |
| 25 February 2005 | New Sale | S$2,853,000 | S$739 psf | 3,860 sqft |
198 Ocean Drive median transaction PSF (S$)
198 Ocean Drive annual price trend
| Year | Median price | Median PSF | Recorded sales |
|---|---|---|---|
| 2021 | S$6,800,000 | S$1,762 psf | 1 |
| 2010 | S$9,180,000 | S$2,378 psf | 1 |
| 2007 | S$5,360,000 | S$1,389 psf | 1 |
| 2006 | S$3,400,000 | S$881 psf | 1 |
| 2005 | S$2,853,000 | S$739 psf | 1 |
198 Ocean Drive annualized profit %
198 Ocean Drive rental prices and estimated yield
Among the latest 12 recorded rental contracts for 198 Ocean Drive, the median monthly rent was S$14,900, with records ranging from S$12,000 to S$20,000.
Recent 198 Ocean Drive rental contracts
| Lease date | Bedrooms | Monthly rent | Est. PSF | Area |
|---|---|---|---|---|
| 1 January 2025 | — | S$16,500 | S$7 psf | 2000-2500 |
| 1 September 2024 | — | S$19,000 | S$8 psf | 2000-2500 |
| 1 May 2023 | — | S$20,000 | S$9 psf | 2000-2500 |
| 1 June 2022 | — | S$16,000 | S$7 psf | 2000-2500 |
| 1 July 2021 | — | S$17,300 | S$8 psf | 2000-2500 |
198 Ocean Drive rental volume
Frequently asked questions about 198 Ocean Drive
How much do units at 198 Ocean Drive cost?
The latest 5 recorded sales show a median price of S$5,360,000 and a median of S$1,389 psf. Actual prices vary by floor, size, facing, condition and sale date.
What are the rental price and estimated yield at 198 Ocean Drive?
The latest recorded median monthly rent is S$14,900. Rental yield is indicative and can vary by unit and costs.
Is 198 Ocean Drive freehold or leasehold?
198 Ocean Drive has a tenure of 99 yrs from 18/03/2004.
When was 198 Ocean Drive completed?
198 Ocean Drive was completed in 2006.
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 January 2025. Figures are indicative and do not constitute financial advice.
