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Penang Service Apartments

Apartment · District 14 (Geylang / Eunos / Paya Lebar) · Rest of Central Region · Freehold · Updated May 2025 Freehold

Penang Service Apartments is a freehold apartment development in District 14 (Geylang / Eunos / Paya Lebar). It has 6 recorded private transactions. Latest sale: $1,238,888 (May 2025, 94 sqm, floors 01-05). Median $1,137/sqft. Prices up 17.4% over the period.

Latest Sale
$1,238,888
May 2025 · 94 sqm
Median Price
$1,137/sqft
$1,218,444 typical unit
Transactions
6
$992–$1,224 psf
Price Trend
▲ 17.4%
~4.7% a year

Where Penang Service Apartments ranks in District 14

All 139 projects ›
Median psf
#124 / 139
Typical unit price
#62 / 139
Most recent sale
#69 / 139
Price growth
#50 / 103

Median psf over time

Estimate a unit at Penang Service Apartments

Based on URA transactions for this development. Pick a floor band and unit size.

Estimated value
Project forward
Market growth +4.7%/yr
Growth scenario
In 5 years

Freehold development — no lease decay applied. Projection is pure market growth. Past growth does not guarantee future performance. Not financial advice.

Price by floor

Floor bandMedian psfTransactions
01-05 $1,165 4
06-10 $1,009 2

Recent transactions

DateFloorType AreaPricepsf
May 2025 01-05 Resale 94 sqm $1,238,888 $1,224
Dec 2024 01-05 Resale 107 sqm $1,318,888 $1,145
Jan 2024 01-05 Resale 107 sqm $1,298,888 $1,128
Apr 2023 01-05 Resale 94 sqm $1,198,000 $1,184
Mar 2022 06-10 Resale 107 sqm $1,180,888 $1,025
Nov 2021 06-10 Resale 94 sqm $1,003,888 $992
Showing 6 of 6 transactions
Source: URA (Urban Redevelopment Authority), under the Open Data Licence.

About Penang Service Apartments

Penang Service Apartments is a freehold development in District 14 (Geylang / Eunos / Paya Lebar), within the Rest of Central Region of Singapore. It has a thinner transaction history, with 6 recorded apartment transactions between 2021-11 and 2025-05, ranging from $1,003,888 to $1,318,888. The most recent transaction was a 94 sqm unit (floors 01-05) sold for $1,238,888 in 2025-05, and the median price is $1,137 per square foot. Prices here have risen sharply, by about 17.4% over the period (around 4.7% a year). As a freehold development, it is not subject to meaningful lease decay. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.

How much does a unit at Penang Service Apartments cost?

The most recent transaction at Penang Service Apartments was $1,238,888 for a 94 sqm unit in 2025-05. The median price is $1,137 per square foot across 6 transactions, ranging from $1,003,888 to $1,318,888. Data sourced from URA.

Is Penang Service Apartments freehold or leasehold?

Penang Service Apartments is freehold development, so it is not subject to meaningful lease decay.

What is the price per square foot (psf) at Penang Service Apartments?

The median price at Penang Service Apartments is $1,137 psf, with transactions ranging from $992 to $1,224 psf. This is based on 6 URA-recorded transactions in District 14.

Have prices at Penang Service Apartments gone up or down?

Prices at Penang Service Apartments have increased by approximately 17.4% over the data period (around 4.7% a year). The median price is currently $1,137 psf, with the most recent sale at $1,238,888 in 2025-05.