Paterson Tower

Apartment · in River Valley, District 9, Singapore · Freehold · Completed 1977

Data through 1 November 2006

Intro: Paterson Tower is a legacy freehold apartment development on Paterson Hill that offers expansive living spaces just a short five-minute walk from the city's pulse at Orchard MRT station 🚆.
Good to know: Units are exceptionally spacious, with all floor plans exceeding 2,600 square feet 📏; Located within one kilometer of River Valley Primary School for families seeking central access 🏫.
Practical note: As a 1977-built property, this development features a boutique, older-world scale that may lack the extensive recreational facilities found in modern high-density condominiums 🏢.

D9CCRCentralRiver Valley

< 1km

MRT Station

Near

$1M+ HDB

Mega

Development

< 10y

Property Age

> 1K

MOPs in Town

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Paterson Tower project details

Street

Paterson Hill

Property Type

Apartment

Completion

1977

Total Units

-1

Plot Ratio

2.1

Unit Size

2,626 - 190,264 sqft

Tenure

Freehold

Lease Remaining

Freehold

Postal Sector

MRT and LRT stations near Paterson Tower

Orchard341 m MRTTE14NS22
Orchard Boulevard562 m MRTTE13
Great World649 m MRTTE15

See details on nearby stations

Primary schools near Paterson Tower

River Valley Primary School1,000 m

See details on nearby schools

Paterson Tower price, PSF and transaction trends

12%

HDB Buyers

$307.7M+

Total Transacted

01-01-1995

First Transacted

17-03-2006

Last Transacted

Total Transactions

Paterson Tower transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Paterson Tower, the median price was S$1,642,500 and the median PSF was S$626 psf. The newest record shown is from 17 March 2006. The annual project median was 144.8% higher in 2006 than in 1998; unit mix can affect year-to-year comparisons.

Recent Paterson Tower transactions

Date	Sale type	Price	PSF	Size
17 March 2006	Resale	S$266,000,000	S$1,398 psf	190,264 sqft
11 January 2005	Resale	S$1,685,000	S$642 psf	2,626 sqft
16 November 2004	Resale	S$1,600,000	S$609 psf	2,626 sqft
1 July 2003	Resale	S$1,475,000	S$555 psf	2,659 sqft
5 November 2001	Resale	S$1,530,000	S$583 psf	2,626 sqft

Paterson Tower median transaction PSF (S$)

Paterson Tower annual price trend

Year	Median price	Median PSF	Recorded sales
2006	S$266,000,000	S$1,398 psf	1
2005	S$1,685,000	S$642 psf	1
2004	S$1,600,000	S$609 psf	1
2003	S$1,475,000	S$555 psf	1
2001	S$1,750,000	S$666 psf	3
2000	S$2,040,000	S$777 psf	1
1999	S$1,555,000	S$588 psf	4
1998	S$1,500,000	S$571 psf	1

25.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

6.0 yrs

Avg Holding

-$638,880

Total Profits

Paterson Tower annualized profit %

View full details

Paterson Tower rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for Paterson Tower, the median monthly rent was S$3,600, with records ranging from S$3,000 to S$4,600.

Recent Paterson Tower rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 November 2006	—	S$4,000	S$2 psf	2100-2200
1 September 2006	—	S$4,600	S$2 psf	2100-2200
1 September 2006	—	S$3,700	S$2 psf	2100-2200
1 May 2006	—	S$4,300	S$2 psf	2100-2200
1 March 2006	—	S$3,500	S$2 psf	2100-2200

Paterson Tower rental volume

View full details

Frequently asked questions about Paterson Tower

How much do units at Paterson Tower cost?

The latest 12 recorded sales show a median price of S$1,642,500 and a median of S$626 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Paterson Tower?

The latest recorded median monthly rent is S$3,600. Rental yield is indicative and can vary by unit and costs.

Is Paterson Tower freehold or leasehold?

Paterson Tower has a tenure of Freehold.

When was Paterson Tower completed?

Paterson Tower was completed in 1977.

Which MRT or LRT station is nearest to Paterson Tower?

Orchard is the nearest station shown, at an estimated straight-line distance of 341 metres.

Which primary schools are near Paterson Tower?

The primary schools shown within the page’s one-kilometre search are River Valley Primary School (1,000 m). Distances are estimates and do not determine school-admission eligibility.

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 November 2006. Figures are indicative and do not constitute financial advice.