FORTUNE SPRING is a 76-year balance leasehold development along PALM ROAD in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 24 units and is TOP 2003.
This profile draws on 0 recorded transactions 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.
At roughly 23 years from TOP, FORTUNE SPRING is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 15 (Katong / Joo Chiat), the immediate context for FORTUNE SPRING 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 0 sales and 19 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the FORTUNE SPRING dashboard.
- · RCR · D15 · 24 units
About FORTUNE SPRING
FORTUNE SPRING is a condominium, located at PALM ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by FORTUNE DEVELOPMENT PTE LTD, comprising 24 residential units, completed in 2003.
With approximately 76 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Rental Market Overview
FORTUNE SPRING has recorded 19 rental transactions with monthly rents averaging $3,597/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 19 | $3,597/mo | $2,300/mo | $4,400/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 4 | $2,597/mo |
| 2022 | 4 | $3,375/mo |
| 2023 | 1 | $4,386/mo |
| 2024 | 6 | $4,000/mo |
| 2025 | 3 | $3,897/mo |
| 2026 | 1 | $4,386/mo |
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Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows FORTUNE SPRING (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- FORTUNE SPRING
- Siglap MRT
- Bayshore MRT
- Bedok MRT
- Dunman High School
- Dunman High School (JC)
- Global Indian International School (GIIS East Coast)
Nearby MRT Stations
FORTUNE SPRING is 610m from Siglap MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
Nearby Schools
There are 12 schools within 2 km of FORTUNE SPRING, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Dunman High School | Secondary | 690m |
| Dunman High School (JC) | Jc | 690m |
| Global Indian International School (GIIS East Coast) | International | 760m |
| East Coast Primary School | Primary | 770m |
| Victoria School | Secondary | 1.0 km |
| Victoria Junior College | Jc | 1.0 km |
| Chung Cheng High School (Main) | Secondary | 1.0 km |
| Temasek Junior College | Jc | 1.2 km |
| Temasek Primary School | Primary | 1.3 km |
| Opera Estate Primary School | Primary | 1.3 km |
| Bedok South Secondary School | Secondary | 1.7 km |
| Yu Neng Primary School | Primary | 1.9 km |
Adequate lease horizon. Around 76 years of remaining lease keeps CPF eligibility intact and supports standard 30-year loan tenor for most buyer profiles. Within a 5-10 year hold, lease-decay effects are negligible; beyond that, monitor the year-60 threshold for CPF usage caps.
Walking-distance MRT. Siglap is about 0.61km — within the conventional 10-minute walk threshold most tenants accept. The project benefits from the public-transport premium without the price compression that <500m flagship stations command.
Boutique character. With 24 units, FORTUNE SPRING 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. Dunman High School sits about 0.69km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Lease-decay clock to monitor. Remaining lease is comfortably above critical CPF thresholds but already in the band where 10-15 year holds materially compress the next buyer's CPF eligibility. Plan exit timing with this in mind rather than assuming open-ended hold optionality.
Thin transaction history. With only 0 recorded sales, 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.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
- ⚠️ 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: FORTUNE SPRING 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. 0 transactions in URA provide 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 FORTUNE SPRING?
What is the rental yield for FORTUNE SPRING?
Is FORTUNE SPRING freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Rental data: 19 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 FORTUNE SPRING
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,640 condo transactions recorded in District 15 over the last 12 months, 64% resale, 34% new sale, 2% sub sale. 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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Price Index Check
The ShiokNest Price Index for District 15 reads 117.7 as of June 2026 — down 9.0% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 15 could add roughly 500 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Jalan Tembusu | — | ~500 | Confirmed | Awarded |
HDB Alternatives Nearby
Weighing FORTUNE SPRING against staying public? These HDB towns sit within walking or short-drive distance:
- Bedok — 4-room average $659,895 (850m away)
- Geylang — 4-room average $761,443 (1.3 km away)
- Marine Parade — 4-room average $648,065 (1.7 km away)