- District: 15 (Joo Chiat, Amber Road, Katong)
- Condos analysed: 66
- Average view premium: 6.8%
- Top condo: AMBER SKYE
High-Floor Premium in District 15
District 15 (Joo Chiat, Amber Road, Katong) is part of the Rest of Central Region (RCR). High-floor units in this district command an average premium of 6.8% over lower floors, based on 66 condos with sufficient transaction data from the past 3 years.
View premiums reflect buyer willingness to pay more for unobstructed views, better ventilation, and reduced noise at higher floors. The premium varies significantly depending on facing direction, surrounding buildings, and total building height.
Top 15 Condos by View Premium
Condos ranked by the percentage difference between median PSF of the highest and lowest occupied floor bands.
| Condo | View Premium | High Floor PSF | Low Floor PSF | Total Sales | Tenure |
|---|---|---|---|---|---|
| AMBER SKYE | 40.5% | $2,398 psf | $1,706 psf | 21 | Freehold |
| THE WATERSIDE | 33.9% | $2,376 psf | $1,774 psf | 39 | Freehold |
| THE MEYERISE | 29.8% | $2,741 psf | $2,111 psf | 28 | Freehold |
| THE MAKENA | 18.6% | $2,115 psf | $1,783 psf | 48 | Freehold |
| WATER PLACE | 17.5% | $1,975 psf | $1,681 psf | 61 | 99 yrs lease commencing from 1998 |
| ONE MEYER | 16.4% | $3,097 psf | $2,661 psf | 9 | Freehold |
| NEPTUNE COURT | 15.0% | $1,086 psf | $945 psf | 87 | 99 yrs lease commencing from 1976 |
| THE SEAFRONT ON MEYER | 15.0% | $2,410 psf | $2,096 psf | 35 | Freehold |
| AALTO | 14.0% | $2,675 psf | $2,347 psf | 30 | Freehold |
| MANDARIN GARDENS | 13.3% | $1,387 psf | $1,225 psf | 94 | 99 yrs lease commencing from 1982 |
| KING'S MANSION | 12.8% | $2,042 psf | $1,810 psf | 19 | Freehold |
| EMERALD OF KATONG | 11.6% | $2,794 psf | $2,504 psf | 844 | 99 yrs lease commencing from 2023 |
| SEASIDE RESIDENCES | 11.6% | $2,445 psf | $2,190 psf | 120 | 99 yrs lease commencing from 2016 |
| ARINA EAST RESIDENCES | 11.0% | $2,999 psf | $2,702 psf | 82 | Freehold |
| EASTERN LAGOON | 10.9% | $1,824 psf | $1,645 psf | 16 | Freehold |
District 15 Floor Band Analysis
District-wide median PSF by floor band, showing how prices increase with height.
| Floor Band | Median PSF | Transactions | Premium vs Ground |
|---|---|---|---|
| Floor 01-05 | $1,876 psf | 2,962 | Base |
| Floor 06-10 | $2,491 psf | 1,539 | +32.8% |
| Floor 11-15 | $2,567 psf | 1,420 | +36.9% |
| Floor 16-20 | $2,621 psf | 969 | +39.7% |
| Floor 21-25 | $2,490 psf | 205 | +32.8% |
| Floor 26+ | $2,565 psf | 20 | +36.8% |
Sea View vs City View
District 15 is among Singapore's sea-facing districts. Condos with unobstructed sea views typically command the highest premiums in the market, often exceeding the standard floor-level premium due to the scarcity and desirability of ocean vistas. High-floor units facing the coast in this district are especially sought after.
View Premium as Investment
High-floor units with premium views can be a sound investment strategy. In District 15, the average view premium of 6.8% suggests that buyers consistently value elevated positions.
Key considerations for view-premium investing:
- Resale value: High-floor units typically hold value better during market downturns, as view premiums tend to be sticky.
- Rental yield: Tenants pay a premium for views, improving gross yield on higher-floor units.
- Future obstruction risk: Check the URA Master Plan for nearby plot ratios that could affect views.
- Stack selection: Not all high floors are equal. Corner stacks and unblocked facings command additional premiums.
FAQ
What is the average view premium in District 15?
How many condos were analysed?
Which condo has the highest view premium in District 15?
Does a higher floor always mean better views?
Methodology & Sources
Figures below are drawn from Last 3 years of transactions and revised as new data becomes available.
Transaction data sourced from URA REALIS.
- Floor bands: 01-05, 06-10, 11-15, 16-20, 21-25, 26+.
- View premium = (median PSF highest band - median PSF lowest band) / lowest band PSF.
- Minimum 3 transactions per band required.
- Data: URA REALIS.
We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.