PARK EAST is a freehold development along JALAN TUA KONG in District 15 (Katong / Joo Chiat), part of the OCR segment of Singapore's private residential market. The project comprises 211 units and is TOP 1994.
This profile draws on 33 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 PARK EAST 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 33 sales and 158 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PARK EAST dashboard.
- Average sale price: $2,467,758 across 33 transactions
- Estimated gross rental yield: 2.2%
- District 15 PSF ranking: Above average (top 45%)
- Freehold tenure · OCR · D15 · 211 units
About PARK EAST
PARK EAST is a freehold condominium, located at JALAN TUA KONG in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by CITY DEVELOPMENTS LTD, comprising 211 residential units, completed in 1994.
As a freehold property, PARK EAST does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PARK EAST:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,742 psf | $1,519,000 |
| 3 BR | 11 | $1,595 psf | $2,063,455 |
| 4 BR | 12 | $1,514 psf | $2,533,333 |
| 5+ BR | 8 | $1,569 psf | $3,162,500 |
Sales Market Overview
PARK EAST has recorded 33 sale transactions with an average transaction price of $2,467,758, ranging from $1,318,000 to $3,530,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,390 psf | $2,218,750 | — |
| 2022 | 8 | $1,543 psf | $2,214,750 | ↑ 11.0% |
| 2023 | 2 | $1,577 psf | $2,665,000 | ↑ 2.2% |
| 2024 | 9 | $1,604 psf | $2,880,889 | ↑ 1.7% |
| 2025 | 3 | $1,798 psf | $2,310,000 | ↑ 12.1% |
| 2026 | 3 | $1,765 psf | $2,593,333 | ↓ 1.9% |
PARK EAST ranks in the top 45% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, PARK EAST trades 1.2% above the segment benchmark.
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Rental Market Overview
PARK EAST has recorded 158 rental transactions with monthly rents averaging $4,554/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 24 | $5,690/mo | $3,900/mo | $7,288/mo |
| 2 BR | 30 | $3,323/mo | $1,900/mo | $4,300/mo |
| 3 BR | 104 | $4,647/mo | $2,500/mo | $6,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 31 | $3,582/mo |
| 2022 | 27 | $4,120/mo |
| 2023 | 36 | $5,055/mo |
| 2024 | 24 | $4,737/mo |
| 2025 | 29 | $5,036/mo |
| 2026 | 11 | $5,050/mo |
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Investment Analysis
Based on average rents and sale prices, PARK EAST delivers an estimated gross rental yield of 2.2%. 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 PARK EAST (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PARK EAST
- Siglap MRT
- Bedok MRT
- Kembangan MRT
- Temasek Junior College
- East Coast Primary School
- Chung Cheng High School (Main)
Nearby MRT Stations
PARK EAST is 730m from Siglap MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
Nearby Schools
There are 11 schools within 2 km of PARK EAST, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Temasek Junior College | Jc | 640m |
| East Coast Primary School | Primary | 710m |
| Chung Cheng High School (Main) | Secondary | 710m |
| Global Indian International School (GIIS East Coast) | International | 710m |
| Temasek Primary School | Primary | 760m |
| Dunman High School | Secondary | 1.2 km |
| Dunman High School (JC) | Jc | 1.2 km |
| Telok Kurau Primary School | Primary | 1.4 km |
| Opera Estate Primary School | Primary | 1.7 km |
| Victoria School | Secondary | 1.8 km |
| Victoria Junior College | Jc | 1.8 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. Siglap is about 0.73km — 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.
Solid facilities scale. 211 units is large enough to support pool, gym, function rooms, and BBQ pavilions without the booking-pressure issues that smaller boutique developments face. Per-unit maintenance is in a manageable band.
School-belt proximity. Temasek Junior College sits about 0.64km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
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.
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.
[
{
"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": "green",
"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: PARK EAST 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. 33 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 PARK EAST?
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Is PARK EAST freehold or leasehold?
How far is the nearest MRT from PARK EAST?
What is the tenure of PARK EAST?
How does PARK EAST compare to other projects in the district?
What stamp duty applies for a foreign buyer of PARK EAST?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 33 transactions analysed
- Rental data: 158 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 PARK EAST
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.