Commercial Directory · Retail · District 18
The Tropica
2 sales from Aug 2022 to Mar 2023, at a median $2,301 psf (Aug 2022 to Mar 2023).
District 18 At a glance
- Median psf, all sales
- $2,301
- Sales since Aug 2022
- 2
- Latest sale, Mar 2023
- $2,400 psf
- Tenure
- 99-year lease
2 of 2 sellers with a known purchase price sold for more than they paid; the median made 7.9% a year.
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Median psf by year Price trend
| Year | Unit sales | Median psf |
|---|---|---|
| 2022 | 1 | $2,202 |
| 2023 | 1 | $2,400 |
A median moves with which units sold that year (floor, size, ground-floor shops), so a small year can swing.
2 sales Every sale
| Date | Type | Level | Sq ft | Price | Psf | Sale | Seller bought | Profit | A year |
|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 2023 | Retail | 1 | 194 | $465,000 | $2,400 | Resale | Aug 2022, $427k | $38k | 15.0% |
| 2 Aug 2022 | Retail | 1 | 194 | $426,666 | $2,202 | Resale | Jun 2020, $420k | $7k | 0.7% |
URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.
The Tropica Questions
How much does a unit at The Tropica cost?
2 unit sales at The Tropica from Aug 2022 to Mar 2023 went for $2,202 to $2,400 psf, a median $2,301 psf on units of 194 to 194 sq ft. The latest, in Mar 2023, was $465,000 for 194 sq ft ($2,400 psf).
Did sellers at The Tropica make money?
2 of 2 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $23k, 7.9% a year, before stamp duty, GST, fees and the rent collected while they held it.
What kind of property is The Tropica?
The sales here are retail units in District 18 (Outside Central Region), most on a 99-year lease title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.
Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.