Overview & Key Facts
PENANG SERVICE APARTMENTS is a freehold condominium at LORONG 34 GEYLANG in District 14 (RCR), developed by .
Location & Connectivity
PENANG SERVICE APARTMENTS is approximately 570m from Dakota MRT station, with 8 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Dakota | Circle Line | 570m |
| Aljunied | East-West Line | 620m |
| Paya Lebar | East-West Line | 780m |
| Paya Lebar | Circle Line | 780m |
| Mountbatten | Circle Line | 990m |
| Tanjong Katong | Thomson-East Coast Line | 1.2 km |
Schools & Education
15 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Geylang Methodist School (Secondary) | Secondary | 100m |
| Geylang Methodist School (Primary) | Primary | 200m |
| Kong Hwa School | Primary | 340m |
| One World International School (Mountbatten) | International | 730m |
| Haig Girls' School | Primary | 950m |
| Tanjong Katong Primary School | Primary | 1.3 km |
| Tao Nan School | Primary | 1.4 km |
| Macpherson Primary School | Primary | 1.5 km |
Market Position
PENANG SERVICE APARTMENTS has recorded 6 sales at an average price of $1,206,573.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $992 psf | — |
| 2022 | 1 | $1,025 psf | ↑ 3.3% |
| 2023 | 1 | $1,184 psf | ↑ 15.5% |
| 2024 | 2 | $1,136 psf | ↓ 4.0% |
| 2025 | 1 | $1,224 psf | ↑ 7.7% |
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PENANG SERVICE APARTMENTS prices sit at a fresh series high after a 7.7% gain on the prior period, now 23.4% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 14 reads 121.5 as of June 2026 — down 8.2% 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 |
|---|---|---|---|
| PARC ESTA | 99 yrs lease commencing from 2018 | $2,187 psf | 493 |
| SIMS URBAN OASIS | 99 yrs lease commencing from 2014 | $1,765 psf | 373 |
| PENROSE | 99 yrs lease commencing from 2019 | $1,933 psf | 359 |
| EUHABITAT | 99 yrs lease commencing from 2010 | $1,330 psf | 243 |
| THE ANTARES | 99 yrs lease commencing from 2018 | $1,834 psf | 229 |
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.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, cbd walking distance, yield-focused investors and long-term hold (10+ yr). At ~567m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
For light renovation budget, it can work — but weigh the trade-offs before committing.
families with young children, international school families and resort facilities should probably look elsewhere. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
PENANG SERVICE APARTMENTS is a freehold development in District 14 (RCR), offering a gross yield of 3.6%.
At ~$1,224 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PENANG SERVICE APARTMENTS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PENANG SERVICE APARTMENTS against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (330m away), an upgrader gap of about $450,000
- Kallang/whampoa — 4-room average $882,887 (1.2 km away), an upgrader gap of about $300,000
FAQ
What is the average PSF for PENANG SERVICE APARTMENTS?
Is PENANG SERVICE APARTMENTS freehold?
What is the rental yield for PENANG SERVICE APARTMENTS?
Which MRT is nearest to PENANG SERVICE APARTMENTS?
Sources & Next Steps
- PENANG SERVICE APARTMENTS Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 14 (Geylang, Eunos) — District 14 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: 24 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2025 · 6 records analysed · Source: URA private-sale caveats