Overview & Key Facts
CALARASI is a freehold condominium at KIM KEAT LANE in District 12 (RCR), developed by GREEN ACES DEVELOPMENT PTE LTD, comprising 99 units, completed in 2004.
Location & Connectivity
CALARASI is approximately 950m from Boon Keng MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Boon Keng | North-East Line | 950m |
| Novena | North-South Line | 1.2 km |
| Farrer Park | North-East Line | 1.3 km |
| Toa Payoh | North-South Line | 1.3 km |
| Bendemeer | Downtown Line | 1.4 km |
Schools & Education
23 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 820m |
| Beatty Secondary School | Secondary | 870m |
| School of Science and Technology | Jc | 970m |
| Bendemeer Primary School | Primary | 1 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1 km |
| Bendemeer Secondary School | Secondary | 1.1 km |
| Balestier Hill Primary School | Primary | 1.2 km |
| Farrer Park Primary School | Primary | 1.2 km |
Market Position
CALARASI has recorded 6 sales at an average price of $1,668,833.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,141 psf | — |
| 2023 | 1 | $1,394 psf | ↑ 22.1% |
| 2024 | 1 | $1,402 psf | ↑ 0.6% |
| 2025 | 2 | $1,502 psf | ↑ 7.1% |
| 2026 | 1 | $1,490 psf | ↓ 0.8% |
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The series remains near its 2025 high — CALARASI prices sit 30.6% above where they began in 2021.
Price Index Check
The ShiokNest Price Index for District 12 reads 136.8 as of May 2026 — down 6.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | $2,730 psf | 741 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | $1,649 psf | 311 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,843 psf | 200 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,709 psf | 149 |
| VERTICUS | Freehold | $2,126 psf | 130 |
What Could Work Against You
- With just 2 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
The profile fits car-owning households, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units) best. Parking and arterial road access matter more here than walking-distance MRT.
yield-focused investors should probably look elsewhere. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
CALARASI is a freehold development in District 12 (RCR), with 99 units, offering a gross yield of 2.7%.
At ~$1,498 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CALARASI dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CALARASI against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (60m away), an upgrader gap of about $800,000
- Toa Payoh — 4-room average $929,793 (690m away), an upgrader gap of about $750,000
- Central Area — 4-room average $1,088,814 (1.6 km away), an upgrader gap of about $600,000
FAQ
What is the average PSF for CALARASI?
Is CALARASI freehold?
What is the rental yield for CALARASI?
Which MRT is nearest to CALARASI?
Sources & Next Steps
- CALARASI Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 12 (Toa Payoh, Serangoon, Balestier) — District 12 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 6 transactions
- Rental data: 92 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 6 records analysed · Source: URA private-sale caveats