FOOK HAI BUILDING is a 99 yrs lease commencing from 1972 development along SOUTH BRIDGE ROAD in District 1 (CBD (Raffles Place, Marina, Cecil)), part of the RCR segment of Singapore's private residential market. The project comprises 28 units and is an established secondary-market project.
This profile draws on 1 recorded transaction from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 1 (CBD (Raffles Place, Marina, Cecil)), the immediate context for FOOK HAI BUILDING is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 1 sale and 18 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the FOOK HAI BUILDING dashboard.
- Average sale price: $1,720,000 across 1 transaction
- Estimated gross rental yield: 3.2%
- District 1 PSF ranking: Value tier (top 95%)
- 99 yrs lease commencing from 1972 · RCR · D1 · 28 units
About FOOK HAI BUILDING
FOOK HAI BUILDING is a 99 yrs lease commencing from 1972 condominium, located at SOUTH BRIDGE ROAD in District 1 (Raffles Place, Marina, Cecil, People's Park) (Rest of Central Region), comprising 28 residential units.
Sales Market Overview
FOOK HAI BUILDING has recorded 1 sale transaction with an average transaction price of $1,720,000, ranging from $1,720,000 to $1,720,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2025 | 1 | $986 psf | $1,720,000 | — |
FOOK HAI BUILDING ranks in the top 95% of condos in District 1 by average PSF.
Compared to the RCR average of $2,049 psf, FOOK HAI BUILDING trades 51.9% below the segment benchmark.
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Rental Market Overview
FOOK HAI BUILDING has recorded 18 rental transactions with monthly rents averaging $4,570/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 18 | $4,570/mo | $3,200/mo | $6,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 4 | $3,800/mo |
| 2022 | 3 | $3,933/mo |
| 2023 | 5 | $4,686/mo |
| 2024 | 4 | $5,550/mo |
| 2025 | 1 | $4,400/mo |
| 2026 | 1 | $5,229/mo |
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Investment Analysis
Based on average rents and sale prices, FOOK HAI BUILDING delivers an estimated gross rental yield of 3.2%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 1
Side-by-side comparison against the most actively traded condos in District 1 (Raffles Place, Marina, Cecil, People's Park):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | 937 | $2,957 psf | 633 |
| THE SAIL @ MARINA BAY | 99-year leasehold | 1111 | $2,011 psf | 268 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | 1042 | $2,320 psf | 209 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | 366 | $3,149 psf | 155 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | 341 | $1,774 psf | 104 |
Location Map
Map shows FOOK HAI BUILDING (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- FOOK HAI BUILDING
- Chinatown MRT
- Chinatown MRT
- Clarke Quay MRT
- Telok Ayer MRT
- Raffles Place MRT
- Outram Secondary School
- Fairfield Methodist School (Primary)
- Singapore Management University
Nearby MRT Stations
FOOK HAI BUILDING is 190m from Chinatown MRT (North-East Line), with 25 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Chinatown | NE4 | North-East Line | 190m |
| Chinatown | DT19 | Downtown Line | 190m |
| Clarke Quay | NE5 | North-East Line | 400m |
| Telok Ayer | DT18 | Downtown Line | 400m |
| Raffles Place | NS26 | North-South Line | 580m |
| Raffles Place | EW14 | East-West Line | 580m |
| Maxwell | TE18 | Thomson-East Coast Line | 600m |
| Fort Canning | DT20 | Downtown Line | 860m |
Nearby Schools
There are 7 schools within 2 km of FOOK HAI BUILDING.
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | Secondary | 1.2 km |
| Fairfield Methodist School (Primary) | Primary | 1.2 km |
| Singapore Management University | Tertiary | 1.4 km |
| School of the Arts | Jc | 1.5 km |
| Cantonment Primary School | Primary | 1.6 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.6 km |
| Kheng Cheng School | Primary | 1.8 km |
Genuine walk-to-MRT access. Chinatown sits about 0.19km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 28 units, FOOK HAI BUILDING keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Outram Secondary School sits about 1.19km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 1 recorded sale, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ⚠️ Young couple, first home: Lease horizon constrains long-hold optionality
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ⚠️ Long-term hold (10+ yr): Plan exit timing around lease-decay thresholds
Composite assessment: FOOK HAI BUILDING benefits from MRT proximity but the lease horizon or district position requires careful exit-timing planning. Active management of the hold matters more than passive accumulation. 1 transaction in URA provides the data foundation for this view.
Suggested holding period for most buyer profiles: 5-8 years with monitored exit windows. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for FOOK HAI BUILDING?
What is the rental yield for FOOK HAI BUILDING?
Is FOOK HAI BUILDING freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 1 transaction analysed
- Rental data: 18 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for FOOK HAI BUILDING
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 420 condo transactions recorded in District 1 over the last 12 months, 59% new sale, 41% resale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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HDB Alternatives Nearby
Weighing FOOK HAI BUILDING against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (50m away), an upgrader gap of about $650,000
- Bukit Merah — 4-room average $894,787 (1.1 km away), an upgrader gap of about $850,000
- Kallang/whampoa — 4-room average $882,887 (1.6 km away), an upgrader gap of about $850,000