GALAXY TOWERS is a freehold development along ONAN ROAD in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 60 units and is TOP 1989.
This profile draws on 11 recorded transactions from URA REALIS 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 15 (Katong / Joo Chiat), the immediate context for GALAXY TOWERS 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 11 sales and 48 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the GALAXY TOWERS dashboard.
- Average sale price: $1,535,273 across 11 transactions
- Estimated gross rental yield: 2.9%
- District 15 PSF ranking: Mid-range (top 72%)
- Freehold tenure · RCR · D15 · 60 units
About GALAXY TOWERS
GALAXY TOWERS is a freehold condominium, located at ONAN ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by GALAXY DEVELOPMENT PTE LTD, comprising 60 residential units, completed in 1989.
As a freehold property, GALAXY TOWERS does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at GALAXY TOWERS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 9 | $1,420 psf | $1,513,667 |
| 4 BR | 2 | $1,158 psf | $1,632,500 |
Sales Market Overview
GALAXY TOWERS has recorded 11 sale transactions with an average transaction price of $1,535,273, ranging from $1,250,000 to $1,700,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 4 | $1,196 psf | $1,473,750 | — |
| 2023 | 1 | $1,408 psf | $1,500,000 | ↑ 17.7% |
| 2024 | 1 | $1,464 psf | $1,560,000 | ↑ 4.0% |
| 2025 | 5 | $1,489 psf | $1,586,600 | ↑ 1.7% |
GALAXY TOWERS ranks in the top 72% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, GALAXY TOWERS trades 32.9% below the segment benchmark.
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Rental Market Overview
GALAXY TOWERS has recorded 48 rental transactions with monthly rents averaging $3,742/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 30 | $3,578/mo | $2,250/mo | $5,000/mo |
| 3 BR | 18 | $4,014/mo | $2,750/mo | $5,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 7 | $2,764/mo |
| 2022 | 10 | $3,485/mo |
| 2023 | 10 | $4,110/mo |
| 2024 | 7 | $3,814/mo |
| 2025 | 11 | $4,245/mo |
| 2026 | 3 | $3,633/mo |
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Investment Analysis
Based on average rents and sale prices, GALAXY TOWERS delivers an estimated gross rental yield of 2.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 | $2,537 psf | 909 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 754 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,462 psf | 634 |
| AMBER PARK | Freehold | 592 | $2,544 psf | 392 |
Location Map
Map shows GALAXY TOWERS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- GALAXY TOWERS
- Paya Lebar MRT
- Paya Lebar MRT
- Eunos MRT
- Dakota MRT
- Tanjong Katong MRT
- Haig Girls'
- Canossa Catholic Primary School
- Kong Hwa School
Nearby MRT Stations
GALAXY TOWERS is 540m from Paya Lebar MRT (East-West Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Paya Lebar | EW8 | East-West Line | 540m |
| Paya Lebar | CC9 | Circle Line | 540m |
| Eunos | EW7 | East-West Line | 840m |
| Dakota | CC8 | Circle Line | 1.2 km |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.3 km |
Nearby Schools
There are 16 schools within 2 km of GALAXY TOWERS, including 9 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Haig Girls' School | Primary | 540m |
| Canossa Catholic Primary School | Primary | 550m |
| Kong Hwa School | Primary | 770m |
| Tanjong Katong Girls' School | Secondary | 790m |
| Broadrick Secondary School | Secondary | 810m |
| EtonHouse International School (Broadrick) | International | 810m |
| Tao Nan School | Primary | 870m |
| Canadian International School (Tanjong Katong) | International | 880m |
| Tanjong Katong Primary School | Primary | 930m |
| Geylang Methodist School (Secondary) | Secondary | 1.1 km |
| CHIJ (Katong) Primary | Primary | 1.2 km |
| Geylang Methodist School (Primary) | Primary | 1.3 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Walking-distance MRT. Paya Lebar is about 0.54km — 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 60 units, GALAXY TOWERS 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. Haig Girls' School sits about 0.54km 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 11 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.
[
{
"persona": "Young couple, first home",
"fit_color": "green",
"reason": "Long balance lease + likely sub-CCR pricing"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "green",
"reason": "Walking-distance MRT supports daily commute"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "MRT plus mid-size facility suite typically meets expat-tenant criteria"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "green",
"reason": "Tenure supports CPF + buyer-pool through hold"
}
]
Composite assessment: GALAXY TOWERS hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 11 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. 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 GALAXY TOWERS?
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Is GALAXY TOWERS freehold or leasehold?
How far is the nearest MRT from GALAXY TOWERS?
What is the tenure of GALAXY TOWERS?
How does GALAXY TOWERS compare to other projects in the district?
What stamp duty applies for a foreign buyer of GALAXY TOWERS?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 11 transactions analysed
- Rental data: 48 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 GALAXY TOWERS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.