Overview & Key Facts
ICON @ PASIR PANJANG is a freehold condominium at PASIR PANJANG ROAD in District 5 (RCR), developed by FRAGRANCE REALTY PTE LTD, comprising 18 units, completed in 2018.
Location & Connectivity
ICON @ PASIR PANJANG is approximately 530m from Haw Par Villa MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Haw Par Villa | Circle Line | 530m |
| Pasir Panjang | Circle Line | 700m |
Schools & Education
1 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 1 | $1,836 psf | $830,000 |
| 1 BR | 2 | $1,608 psf | $943,444 |
| 2 BR | 1 | $1,303 psf | $1,108,000 |
| 3 BR | 1 | $1,403 psf | $1,450,000 |
Market Position
ICON @ PASIR PANJANG has recorded 5 sales at an average price of $1,054,978.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ICON @ PASIR PANJANG typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,675/mo | $943,444 | 3.40% |
| 2 BR | $3,045/mo | $1,108,000 | 3.30% |
| 3 BR | $3,900/mo | $1,450,000 | 3.23% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2023 | 3 | $1,438 psf | — |
| 2024 | 1 | $1,836 psf | ↑ 27.7% |
| 2025 | 1 | $1,609 psf | ↓ 12.4% |
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ICON @ PASIR PANJANG prices have cooled 12.4% from the 2024 peak, yet remain 11.9% above where the series began in 2023.
Price Index Check
The ShiokNest Price Index for District 5 reads 136.5 as of June 2026 — down 4.3% 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 |
|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | $1,856 psf | 6215 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | $1,868 psf | 1431 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | $1,896 psf | 1426 |
| ELTA | 99 yrs lease commencing from 2024 | $2,558 psf | 412 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | $2,159 psf | 383 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 18 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units). Parking and arterial road access matter more here than walking-distance MRT.
yield-focused investors should treat this as a shortlist candidate, not a default choice.
families with young children and resort facilities should probably look elsewhere. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
ICON @ PASIR PANJANG is a freehold development in District 5 (RCR), with 18 units, offering a gross yield of 3.7%.
At ~$1,609 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full ICON @ PASIR PANJANG dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ICON @ PASIR PANJANG against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (530m away), an upgrader gap of about $150,000
FAQ
What is the average PSF for ICON @ PASIR PANJANG?
Is ICON @ PASIR PANJANG freehold?
What is the rental yield for ICON @ PASIR PANJANG?
Which MRT is nearest to ICON @ PASIR PANJANG?
Sources & Next Steps
- ICON @ PASIR PANJANG Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) — District 5 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: 5 transactions
- Rental data: 62 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2025 · 5 records analysed · Source: URA private-sale caveats