Sheba Lodge is a freehold apartment development. This tenure allows for indefinite ownership, which is a significant factor for long-term asset preservation in District 15.

The most recent transaction occurred on 2024-12-01 for a 1,141 sqft unit which sold for $1,610,000. This equates to a price of $1,411 per square foot.

Prices have trended upwards from $945 psf in February 2020 to $1,411 psf in December 2024. This indicates a growth of approximately 49% in the maximum PSF achieved over a four-year period.

Based on transaction records, unit sizes include 1,141 sqft, 1,270 sqft, and 1,636 sqft. The 1,141 sqft configuration appears to be the most frequently traded size in recent years.

The median price for the project is $1,425,000. Individual transaction prices have varied from $1,200,000 to $1,688,888 depending on the unit size and transaction date.

The resale market is relatively quiet with only 4 transactions recorded between early 2020 and late 2024. This low volume suggests that owners in this freehold development tend to hold their properties for longer durations.