GARDEN PARK RESIDENCES is a freehold development along LORONG M TELOK KURAU in District 15 (Katong / Joo Chiat), part of the OCR segment of Singapore's private residential market. The project comprises 36 units and is TOP 2015.
This profile draws on 12 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.
At roughly 11 years from TOP, GARDEN PARK RESIDENCES 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 GARDEN PARK RESIDENCES 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 12 sales and 33 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the GARDEN PARK RESIDENCES dashboard.
- Average sale price: $1,428,074 across 12 transactions
- Estimated gross rental yield: 2.8%
- District 15 PSF ranking: Above average (top 50%)
- Freehold tenure · OCR · D15 · 36 units
About GARDEN PARK RESIDENCES
GARDEN PARK RESIDENCES is a freehold condominium, located at LORONG M TELOK KURAU in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by BOULEVARD RESIDENCES PTE. LTD, comprising 36 residential units, completed in 2015.
As a freehold property, GARDEN PARK RESIDENCES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at GARDEN PARK RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 9 | $1,572 psf | $1,271,876 |
| 3 BR | 2 | $1,401 psf | $1,790,000 |
| 4 BR | 1 | $1,298 psf | $2,110,000 |
Sales Market Overview
GARDEN PARK RESIDENCES has recorded 12 sale transactions with an average transaction price of $1,428,074, ranging from $1,000,000 to $2,110,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,373 psf | $1,419,600 | — |
| 2022 | 3 | $1,524 psf | $1,161,667 | ↑ 11.0% |
| 2024 | 1 | $1,665 psf | $1,470,000 | ↑ 9.3% |
| 2025 | 2 | $1,659 psf | $1,734,444 | ↓ 0.4% |
| 2026 | 1 | $1,830 psf | $1,615,000 | ↑ 10.3% |
GARDEN PARK RESIDENCES ranks in the top 50% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, GARDEN PARK RESIDENCES trades 1.8% below the segment benchmark.
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Rental Market Overview
GARDEN PARK RESIDENCES has recorded 33 rental transactions with monthly rents averaging $3,320/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 3 | $2,033/mo | $2,000/mo | $2,050/mo |
| 2 BR | 20 | $2,978/mo | $1,800/mo | $3,750/mo |
| 3 BR | 3 | $3,500/mo | $2,700/mo | $4,000/mo |
| 4 BR | 7 | $4,771/mo | $4,000/mo | $5,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 5 | $2,620/mo |
| 2022 | 6 | $2,908/mo |
| 2023 | 8 | $3,884/mo |
| 2024 | 7 | $3,637/mo |
| 2025 | 6 | $3,180/mo |
| 2026 | 1 | $3,400/mo |
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Investment Analysis
Based on average rents and sale prices, GARDEN PARK RESIDENCES delivers an estimated gross rental yield of 2.8%. 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 GARDEN PARK RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- GARDEN PARK RESIDENCES
- Marine Terrace MRT
- Marine Parade MRT
- Kembangan MRT
- Eunos MRT
- Telok Kurau Primary School
- Tanjong Katong Girls'
- Canadian International School (Tanjong Katong)
Nearby MRT Stations
GARDEN PARK RESIDENCES is 590m from Marine Terrace MRT (Thomson-East Coast Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Terrace | TE27 | Thomson-East Coast Line | 590m |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.0 km |
| Kembangan | EW6 | East-West Line | 1.2 km |
| Eunos | EW7 | East-West Line | 1.3 km |
Nearby Schools
There are 13 schools within 2 km of GARDEN PARK RESIDENCES, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 430m |
| Tanjong Katong Girls' School | Secondary | 1.1 km |
| Canadian International School (Tanjong Katong) | International | 1.1 km |
| Broadrick Secondary School | Secondary | 1.2 km |
| EtonHouse International School (Broadrick) | International | 1.2 km |
| Canossa Catholic Primary School | Primary | 1.2 km |
| CHIJ (Katong) Primary | Primary | 1.2 km |
| Tao Nan School | Primary | 1.4 km |
| Chung Cheng High School (Main) | Secondary | 1.4 km |
| Tanjong Katong Primary School | Primary | 1.5 km |
| Haig Girls' School | Primary | 1.6 km |
| East Coast Primary School | Primary | 1.6 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. Marine Terrace is about 0.59km — 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 36 units, GARDEN PARK RESIDENCES 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. Telok Kurau Primary School sits about 0.43km 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 12 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: GARDEN PARK RESIDENCES 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. 12 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
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Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 12 transactions analysed
- Rental data: 33 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 GARDEN PARK RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.