The Paterson

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  2
 3
 0

Sale Price *

Average
S$ 2,336 psf
Range
S$ 2,281 - 2,422 psf

Rental Price **

Average
S$ 5.5 psf pm
Range
S$ 4.0 - 7.0 psf pm

Rental Yield **

2.8%

Rental income expressed as a percentage of the property's value.

Amenities

3.7
3.7

Convenience

4.2
4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
The Paterson is a freehold condominium completed in 2004. It is developed by IDEAL HOMES PTE LTD and designed by AXIS ARCHITECTS PLANNERS. The development occupies a land area of 5,322 sqm and a Gross Floor Area of 11,176 sqm. It consists of 88 units. According to records, buyers of this development are Singaporean 43.1%, PR 17.1%, Foreigner 35.4%, Company 4.4%.

THE PATERSON is located along Paterson Road in River Valley, in District 9. It is accessible through the nearest MRTs including Orchard TE14, NS22 and Great World TE15.

Based on transaction data in the last 12 months, sale prices range from S$ 2,281 psf to S$ 2,422 psf at an average of S$ 2,336 psf. Its highest recorded transaction was S$ 2,513 psf in May 2022 for a 1,313-sqft unit. Its lowest recorded transaction was S$ 1,044 psf in Sep 2004 for a 3,175-sqft unit. Its current rental yield is at 2.8%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, ISETAN (SINGAPORE) LIMITED?, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): ION ORCHARD, ORCHARD TURN, WHEELOCK PLACE.

Buyers and tenants are attracted to District 9, which includes Orchard Road, River Valley and Cairnhill. This district is part of Singapore’s Central Business District and has become a must-visit spot for Singapore tourists. Spanning almost 2.2km, Orchard Road represents one of Singapore’s best retail, dining and entertainment boulevards, catering to any taste or budget and ranging from luxury brands to high street fashion. District 9 has a huge selection of exclusive cosmopolitan bistros and on the other end of the scale, a number of popular international fast food restaurants. Fronting Orchard Road, ION Orchard Mall is home to designer brands, as well as Sephora’s largest store in the area. Another major shopping mall in this district is Great World, which caters to locals, with a Cold Storage supermarket, Best Denki electrical store, and Golden Village Cinema. Cairnhill is home to the first freehold Ritz-Carlton property in Asia - the Ritz-Carlton Residence. This property sets a new standard of luxury living in Singapore as these homes feature magnificent finishings, excellent facilities and exemplary services from the legendary The Ritz-Carlton.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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5
"Beautiful condo with phenomenal facilities. My Uncle own an apartment here. We go there frequently to spend quality time."
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Google Review     |   08 Jun 2019
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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Floor Plans
63
2
2

THE PATERSON - 63 - 2 - 2

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of THE PATERSON (Limited to 10)

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Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of THE PATERSON

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
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0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of THE PATERSON

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$7,500,000

    • 5 beds
    • 6 baths
    • Condominium
    • D9
    • 2004
    • Freehold
    • S$ 2,280 psf
    • Paterson Road
    Nicholas Tan
    send_enquiry
    thumb-images
    9
    $2,850,000

      • 2 beds
      • 2 baths
      • Condominium
      • D9
      • 2004
      • Freehold
      • S$ 2,360 psf
      • Paterson Road
      serenemak Mak
      send_enquiry

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      FAQs about THE PATERSON

      What is the nearest MRT Station to THE PATERSON ?
      The nearest MRT Station from THE PATERSON is Orchard NS22,TE14 MRT

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