Race Course Mansion Price Trends & Market Analysis | Homejourney
Race Course Mansion on Race Course Road in District 08 (D08) has seen resale prices range from S$858 to S$1,099 psf between 2021 and 2025, with recent transactions hitting S$1.36M for a 1,237 sqft unit.View comprehensive analysis of Race Course Mansion on Homejourney for verified data.
This cluster article dives into Race Course Mansion price trends and market analysis, building on our pillar guide to D08 condos. Homejourney prioritizes transparency with verified transaction data, helping you make safe, informed decisions in Farrer Park and Little India.
Race Course Mansion Project Overview
Race Course Mansion is a freehold apartment development at 122 Race Course Road, Singapore 218583, in the vibrant D08 area encompassing Farrer Park and Little India. Completed decades ago, it offers around 16 units in low-rise blocks with a classic layout suited for families and investors.Check detailed project specs on Homejourney.
Unit sizes typically range from 1,076 to 1,421 sqft, focusing on 2- to 3-bedroom configurations ideal for urban living. As a freehold property, it appeals to long-term property investment seekers in this Singapore condo hotspot near the CBD.
Historical Price Trends (2021-2026)
Resale prices at Race Course Mansion have shown steady appreciation. Key transactions include:
- Mar 2025: S$1.36M at S$1,099 psf for 1,237 sqft (2-room equivalent)
- Aug 2022: S$1.275M at S$897 psf for 1,421 sqft
- Apr 2022: S$1.07M at S$920 psf for 1,163 sqft
- Dec 2021: S$1.2M at S$899 psf for 1,335 sqft
- Mar 2021: S$1.08M at S$858 psf for 1,259 sqft
Average condo prices have climbed from around S$858 psf in 2021 to S$1,099 psf in 2025, reflecting D08's growing demand. Current estimates place 3-bedroom units (1,100-1,200 sqft) at S$1.2M-S$1.4M, per Homejourney's verified data from URA-sourced transactions.Browse available units at Race Course Mansion.
Compared to 2018's S$950 psf peak and earlier lows like S$626 psf in 2010, the trend indicates resilience. Homejourney's analysis shows a 28% psf increase over five years, outpacing some nearby freeholds.
Rental Market Analysis and Yields
Rental prices for Race Course Mansion remain attractive, with 3-bedroom units renting at S$4,500-S$5,700 monthly (S$3.75-S$5.18 psf) as of Apr 2025. Smaller 1-bedroom/studio units (600-800 sqft) fetch S$2,950-S$3,500 (S$4.21-S$5 psf).
- Apr 2025: 3-bed, 1,100-1,200 sqft at S$5,300-S$5,700
- Sep 2024: 3-bed at S$4,500
- Jul 2024: 1-bed at S$2,950
- Aug 2023: 1-bed at S$3,500
Gross rental yields hover at 3.5-4.9%, strong for D08 Singapore condos. At S$1.3M purchase price and S$5,000 rent, yield is approximately 4.6%—competitive against nearby like The Bliss (6.14% peak) or Race Course 138 (6% peak). Investors note steady tenant demand from expats in Little India.
Comparison with Nearby Developments
| Development | Distance | Avg Sale PSF | Avg Rent PSF |
|---|---|---|---|
| Race Course Mansion | - | S$897-S$1,099 | S$3.47-S$4.38 |
| The Bliss | 0.02km | S$1,356 | S$4.75-S$6.14 |
| Race Course 138 | 0.04km | S$813-S$1,572 | S$2.33-S$6 |
| Ritz @ Farrer | 0.05km | S$1,436 | S$3.64-S$7.25 |
Race Course Mansion offers better value than premium neighbors like Ritz @ Farrer, with lower entry psf but similar freehold tenure. For property investment, it edges out in affordability while maintaining Race Course Road prestige.
Location Advantages Driving Prices
Situated in Farrer Park/Little India, Race Course Mansion is 5-7 min walk to Farrer Park MRT (NE8/CC14). Bus stops along Race Course Road connect to PIE/CTE expressways, 10-15 min to CBD. Nearby: Mustafa Centre (supermarket), City Square Mall, hawker centres like Race Course Road hawker. Schools include Farrer Park Primary (1km), hospitals like Tan Tock Seng (800m).
D08's multicultural vibe boosts rental demand. Future URA plans for Little India enhancements support capital appreciation outlook. Race Course Mansion D08: Units, Prices, Amenities Guide | Homejourney ">Read our Race Course Mansion D08 units guide for amenities details.
Investment Potential and Actionable Advice
Race Course Mansion price trends signal 5-7% annual appreciation potential, driven by D08 scarcity and freehold status. Rental demand from professionals yields stable income; liquidity is good with low unit count.
Actionable steps for buyers/investors:
- Verify latest psf via Homejourney projects directory.
- Use our mortgage calculator for financing—current rates support up to 75% LTV for freeholds.
- Search listings on Homejourney for verified units.
- Consult agents via Speak to a property agent about Race Course Mansion.
- Factor maintenance; check Aircon Services ">aircon services for post-purchase upkeep.
Disclaimer: Prices fluctuate; consult professionals. Homejourney verifies data for trust but recommends due diligence per URA guidelines.
Pros, Cons, and Who It's For
Pros: Freehold tenure, central location, strong yields (4-5%), value vs. neighbors.
Cons: Older build (potential renovation needs), limited facilities, competitive parking.
Best for investors seeking condo prices under S$1.4M with rental upside, or families valuing D08 heritage. Compare with Kreta Ayer Conservation Area Price Trends & Analysis | Homejourney ">Kreta Ayer price trends for shophouse alternatives.
FAQ: Race Course Mansion Price Trends
What are current Race Course Mansion prices?
Resale units range S$1.07M-S$1.36M (S$858-S$1,099 psf) as of 2025. Check Homejourney for updates.
Is Race Course Mansion a good investment?
Yes, with 4-5% yields and appreciation trends in D08. Freehold status enhances long-term value.
How do rentals trend at Race Course Mansion?
3-bed units: S$4,500-S$5,700/month; steady rise from S$3,000 in 2022.
Compare Race Course Mansion PSF to D08 average?
At S$900-S$1,100 psf, it's competitively priced below newer freeholds like Ritz @ Farrer (S$1,436 psf).
Where to find verified Race Course Mansion data?
Homejourney's project page offers URA-backed trends in a trusted platform.
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