Overview & Key Facts
SPRINGWOOD is a freehold condominium at JALAN MAT JAMBOL in District 5 (RCR), developed by PARK COURT PTE LTD, comprising 108 units, completed in 1991.
Location & Connectivity
SPRINGWOOD is approximately 480m from Pasir Panjang MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Pasir Panjang | Circle Line | 480m |
| Haw Par Villa | Circle Line | 1 km |
Schools & Education
6 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | International | 1.3 km |
| Alexandra Primary School | Primary | 1.6 km |
| Queenstown Primary School | Primary | 1.8 km |
| Queensway Secondary School | Secondary | 2 km |
| Global Indian International School (GIIS Queenstown) | International | 2 km |
| Crescent Girls' School | Secondary | 2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 2 | $1,675 psf | $3,090,000 |
| 5+ BR | 9 | $1,957 psf | $4,930,222 |
Market Position
SPRINGWOOD has recorded 11 sales at an average price of $4,595,636.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,617 psf | — |
| 2022 | 3 | $1,823 psf | ↑ 12.7% |
| 2023 | 1 | $2,151 psf | ↑ 18.0% |
| 2024 | 1 | $2,120 psf | ↓ 1.5% |
| 2025 | 4 | $1,897 psf | ↓ 10.5% |
| 2026 | 1 | $2,012 psf | ↑ 6.1% |
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SPRINGWOOD prices have cooled 6.5% from the 2023 peak, yet remain 24.4% above where the series began in 2021. The most recent period recovered 6.1%, so the pullback may be finding a floor.
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 4 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.
- Completed in 1991, the development is over 35 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
This is a strong match for international school families, long-term hold (10+ yr) and freehold / generational hold. Reasonable access to one or more international school clusters via car or school bus.
yield-focused investors and en-bloc speculators should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for short-term flippers (<5 yr), foreign / absd-aware buyers and resort facilities — other options likely serve them better. TOP 1991 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
Verdict
SPRINGWOOD is a freehold development in District 5 (RCR), with 108 units, offering a gross yield of 1.8%.
At ~$1,920 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full SPRINGWOOD dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing SPRINGWOOD against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (20m away), an upgrader gap of about $3,700,000
- Bukit Merah — 4-room average $894,787 (1.5 km away), an upgrader gap of about $3,700,000
- Queenstown — 4-room average $1,002,705 (1.7 km away), an upgrader gap of about $3,600,000
FAQ
What is the average PSF for SPRINGWOOD?
Is SPRINGWOOD freehold?
What is the rental yield for SPRINGWOOD?
Which MRT is nearest to SPRINGWOOD?
Sources & Next Steps
- SPRINGWOOD 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: 11 transactions
- Rental data: 35 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2026 · 11 records analysed · Source: URA private-sale caveats