Skip to main content

Singapore Property News, Insights and Analysis

Completed 2013

Espada

D09 · Orchard / River Valley · 48 Saint Thomas Walk

A 232-unit freehold apartment in D09, completed in 2013. Developed by Novelty Orchard Development Pte Ltd.

Source: Condo master (URA caveats); URA transactions, Nov 2026

Freehold
Tenure
$2,370
Avg $psf, 12 months
6
Sales, 12 months
2013
Completed
Espada

What brings you to Espada?

Buying here? Get a second opinion. 1-bedders here sold for $938k to $1.43M over the last 12 months. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

Stacked works with licensed property agents.

Get a second opinion
02 — Prices

Espada prices

Last 12 months
6
Sales
$2,370
Average $psf
$2,168 – $2,689
$psf range
$938k – $1.66M
Price range
By bedroom type
Last 12 months
TypeSalesAvg $psfPrice rangeSize
1-Bedroom4 sales$2,390 psf$938k – $1.43M355–646 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

By unit size
Last 12 months
SizeSalesAvg $psfAvg pricePrice range
Under 500 sq ft2 sales$2,590 psfAvg $947k$938k – $955k
500–699 sq ft4 sales$2,261 psfAvg $1.51M$1.4M – $1.66M
Average $psf by year
In 2025, sales here averaged $2,351 psf, 14% below the D09 average of $2,748 psf for private homes (condos, apartments and ECs).
This condoD09 average
Show as a table
YearThis condoD09 average
2026$2,370$2,803
2025$2,351$2,748
2024$2,431$2,410
2023$2,487$2,567
2022$2,432$2,490
2021$2,396$2,450
2020$2,203$2,254
2019$2,321$2,358
2018$2,439$2,424
2017$2,325$2,064
2016$2,242$2,177
2015$2,556$1,930
Sales by year
352 sales since 2009; the busiest year was 2010 with 132. The 2026 bar covers Jan–Nov.
New saleSub saleResale
Show as a table
YearNew saleSub saleResaleTotal
20260066
2025001212
20240055
20230022
2022001515
2021001212
20200055
2019001111
2018002424
2017002121
20160022
20150044
2014001111
201346010
201247011
20116006
201013200132
2009630063
Sales in the last two years
18 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
2 Oct 2026#05-XX646 sq ft · 1-Bedroom$1.4M$2,168 psfResale
20 Jul 2026#30-XX689 sq ft$1.66M$2,410 psfResale
29 May 2026#23-XX377 sq ft · 1-Bedroom$938k$2,490 psfResale
20 Mar 2026#29-XX355 sq ft · 1-Bedroom$955k$2,689 psfResale
2 Feb 2026#25-XX689 sq ft$1.55M$2,250 psfResale
2 Feb 2026#12-XX646 sq ft · 1-Bedroom$1.43M$2,214 psfResale
2 Oct 2025#19-XX689 sq ft$1.63M$2,366 psfResale
29 Sep 2025#08-XX344 sq ft · 1-Bedroom$880k$2,555 psfResale
11 Sep 2025#21-XX689 sq ft$1.55M$2,250 psfResale
5 Sep 2025#26-XX355 sq ft · 1-Bedroom$900k$2,534 psfResale
Show all 18 sales
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026. The 2026 averages cover Jan–Nov.

03 — Rent

Espada rent

Leases starting Sep 2025–Aug 2026
130
Leases
$3,400
Median rent a month
$1.32M
Avg sale price, 12 months
3.1%
Est. gross yield

D09 median rent: $5,800 a month; est. gross yield 2.3%.

By bedroom type
TypeLeasesMedian rentMiddle halfD09 medianEst. yield
1-Bedroom115 leases$3,300 median$3,200 – $3,850D09 $4,0003.4% yield
2-Bedroom15 leases$4,300 median$4,000 – $4,400D09 $5,400– yield
Rent and yield compared with nearby condos

Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Unit mix

Espada floor plans by bedroom type

12 layouts, from a 344 sq ft 1-bedroom to a 1,313 sq ft penthouse. Pick a type to see its floor plans.

Source: Developer floor plans; bedroom counts read by Stacked

05 — Location

Near Espada

MRT stations
TE Great World 740 m · 9 min walk
NS Somerset 780 m · 9 min walk
NE Dhoby Ghaut 1.3 km · 16 min walk
NSTE Orchard 1.4 km · 17 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
River Valley Primary School 360 m · 7 min walk
Within 2 km
St. Margaret's School (Primary)Popular 1.3 km · 33 min walk
Anglo-Chinese School (Junior)Popular 1.4 km · 30 min walk
Alexandra Primary School 1.5 km · 23 min walk
Zhangde Primary School 1.9 km · 36 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park Kim Seng Park 660 m · 8 min
Clinic Singapore Telecom Clinic 480 m · 6 min
Supermarket FairPrice 340 m · 4 min
Hawker centre Zion Riverside Food Centre 1.4 km · 16 min
Map of the area around Espada, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

06 — Nearby

Condos and supply around Espada

Upcoming supply
River Valley Green (Parcel C)470 m · about 447 units · 1.15 ha Awarded · $18,622 psm GFA · Jun 2026
River Valley Green (Parcel B)470 m · about 456 units · 1.17 ha Awarded · $15,285 psm GFA · Feb 2025
River Valley Green (Parcel A)470 m · about 361 units · 0.93 ha Awarded · $14,265 psm GFA · Jun 2024
Morrison Lane710 m · about 205 units · 0.66 ha Available for application

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

07 — From Stacked

Read more about Espada

18 more articles mention Espada.

Source: Stacked Homes editorial

08 — FAQ

Questions about Espada

Is Espada freehold?

Yes. Espada is a freehold apartment.

When was Espada completed?

2013.

How many units does Espada have?

232 units, up to 32 storeys.

What sizes are the 1-bedroom units?

344 to 560 sq ft across three layouts.

What is the price psf at Espada?

6 sales in the last 12 months averaged $2,370 psf, ranging from $2,168 to $2,689 psf.

What did the latest sale go for?

A 646 sq ft unit sold for $1.4M ($2,168 psf) on 2 Oct 2026.

How much is the rent at Espada?

Leases starting Sep 2025–Aug 2026 had a median rent of $3,400 a month ($3,300 for a 1-bedroom and $4,300 for a 2-bedroom). That is an estimated gross yield of about 3.1%, before costs.

What is the nearest MRT station?

Great World (TE), a 9-minute walk (740 m). Somerset (NS) is 780 m away.

Which primary schools are within 1 km?

River Valley Primary School, 360 m away.

Who developed Espada?

Novelty Orchard Development Pte Ltd.

Answers generated from the data on this page, Nov 2026