Overview & Key Facts
ICON is a 99 yrs lease commencing from 2002 condominium at GOPENG STREET in District 2 (CCR), developed by LUCKY PINNACLE PTE LTD (FAR EAST), comprising 646 units, completed in 2007.
Location & Connectivity
ICON is approximately 280m from Tanjong Pagar MRT station, with 18 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanjong Pagar | East-West Line | 280m |
| Shenton Way | Thomson-East Coast Line | 420m |
| Prince Edward Road | Circle Line | 440m |
| Maxwell | Thomson-East Coast Line | 510m |
| Outram Park | East-West Line | 810m |
| Outram Park | North-East Line | 810m |
Schools & Education
2 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | Primary | 1.2 km |
| Outram Secondary School | Secondary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 82 | $1,817 psf | $1,086,923 |
| 2 BR | 51 | $1,778 psf | $1,558,444 |
| 3 BR | 14 | $1,697 psf | $1,979,421 |
Market Position
ICON has recorded 147 sales at an average price of $1,335,512.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ICON typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $4,048/mo | $1,086,923 | 4.47% |
| 2 BR | $5,698/mo | $1,558,444 | 4.39% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 31 | $1,666 psf | — |
| 2022 | 20 | $1,770 psf | ↑ 6.2% |
| 2023 | 32 | $1,843 psf | ↑ 4.1% |
| 2024 | 30 | $1,890 psf | ↑ 2.6% |
| 2025 | 20 | $1,807 psf | ↓ 4.4% |
| 2026 | 14 | $1,758 psf | ↓ 2.7% |
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ICON prices have cooled 7.0% from the 2024 peak, yet remain 5.6% above where the series began in 2021.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ONE BERNAM | 99 yrs lease commencing from 2019 | $2,588 psf | 358 |
| NEWPORT RESIDENCES | Freehold | $3,130 psf | 198 |
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | $2,232 psf | 100 |
| SKY EVERTON | Freehold | $2,800 psf | 75 |
| SPOTTISWOODE RESIDENCES | Freehold | $2,209 psf | 68 |
Lease Analysis
With 75 years remaining on its 99-year lease, ICON still qualifies for full bank financing and CPF usage.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, cbd walking distance, hawker / food enthusiasts and yield-focused investors. Located ~279m from Tanjong Pagar MRT, this property is a comfortable daily walk for transit commuters.
For foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for families with young children, long-term hold (10+ yr) and cpf-only buyers — other options likely serve them better. Family-suitable layout and CCR (Core Central Region) location with established school catchments nearby.
Verdict
ICON is a 99 yrs lease commencing from 2002 development in District 2 (CCR), with 646 units, offering a gross yield of 4.1%.
At ~$1,787 psf, it reflects its premium CCR positioning.
Explore the full ICON dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ICON against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (200m away), an upgrader gap of about $250,000
- Bukit Merah — 4-room average $894,787 (450m away), an upgrader gap of about $450,000
FAQ
What is the average PSF for ICON?
Is ICON freehold?
What is the rental yield for ICON?
Which MRT is nearest to ICON?
Sources & Next Steps
- ICON Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 2 (Anson, Tanjong Pagar) — District 2 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: 147 transactions
- Rental data: 1775 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 147 records analysed · Source: URA private-sale caveats