PARKSHORE is a freehold development along TANJONG RHU ROAD in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 152 units and is TOP 1995.
This profile draws on 20 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 PARKSHORE 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 20 sales and 199 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PARKSHORE dashboard.
- Average sale price: $3,005,200 across 20 transactions
- Estimated gross rental yield: 2.0%
- District 15 PSF ranking: Premium tier (top 18%)
- Freehold tenure · RCR · D15 · 152 units
About PARKSHORE
PARKSHORE is a freehold condominium, located at TANJONG RHU ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by BRIGHTON DEVELOPMENT (S) PTE LTD (CITY DEVELOPMENTS LTD), comprising 152 residential units, completed in 1995.
As a freehold property, PARKSHORE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PARKSHORE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 6 | $2,030 psf | $2,475,000 |
| 4 BR | 11 | $1,858 psf | $2,951,818 |
| 5+ BR | 3 | $1,833 psf | $4,261,333 |
Sales Market Overview
PARKSHORE has recorded 20 sale transactions with an average transaction price of $3,005,200, ranging from $2,000,000 to $4,840,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,672 psf | $2,546,000 | — |
| 2022 | 3 | $1,705 psf | $3,036,333 | ↑ 2.0% |
| 2023 | 1 | $1,774 psf | $4,125,000 | ↑ 4.0% |
| 2024 | 6 | $2,052 psf | $2,870,000 | ↑ 15.7% |
| 2025 | 4 | $2,107 psf | $3,505,000 | ↑ 2.7% |
| 2026 | 1 | $2,121 psf | $2,900,000 | ↑ 0.7% |
PARKSHORE ranks in the top 18% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, PARKSHORE trades 6.9% below the segment benchmark.
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Rental Market Overview
PARKSHORE has recorded 199 rental transactions with monthly rents averaging $4,995/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 34 | $3,731/mo | $2,800/mo | $5,000/mo |
| 3 BR | 162 | $5,198/mo | $3,100/mo | $7,300/mo |
| 4 BR | 3 | $8,333/mo | $6,300/mo | $9,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 46 | $3,623/mo |
| 2022 | 36 | $4,545/mo |
| 2023 | 35 | $5,727/mo |
| 2024 | 32 | $5,503/mo |
| 2025 | 42 | $5,715/mo |
| 2026 | 8 | $5,888/mo |
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Investment Analysis
Based on average rents and sale prices, PARKSHORE delivers an estimated gross rental yield of 2.0%. 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 PARKSHORE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PARKSHORE
- Tanjong Rhu MRT
- Nicoll Highway MRT
- Stadium MRT
- Promenade MRT
- Promenade MRT
- St. Andrew'
- St. Andrew'
- St. Andrew'
Nearby MRT Stations
PARKSHORE is 470m from Tanjong Rhu MRT (Thomson-East Coast Line), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Tanjong Rhu | TE23 | Thomson-East Coast Line | 470m |
| Nicoll Highway | CC5 | Circle Line | 840m |
| Stadium | CC6 | Circle Line | 850m |
| Promenade | CC4 | Circle Line | 1.2 km |
| Promenade | DT15 | Downtown Line | 1.2 km |
| Lavender | EW11 | East-West Line | 1.4 km |
Nearby Schools
There are 4 schools within 2 km of PARKSHORE.
| School | Type | Distance |
|---|---|---|
| St. Andrew's Junior School | Primary | 1.6 km |
| St. Andrew's Secondary School | Secondary | 1.7 km |
| St. Andrew's Junior College | Jc | 1.7 km |
| One World International School (Mountbatten) | International | 1.9 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.
Genuine walk-to-MRT access. Tanjong Rhu sits about 0.47km 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.
School-belt proximity. St. Andrew's Junior School sits about 1.60km 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": "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: PARKSHORE 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. 20 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 PARKSHORE?
What is the rental yield for PARKSHORE?
Is PARKSHORE freehold or leasehold?
How far is the nearest MRT from PARKSHORE?
What is the tenure of PARKSHORE?
How does PARKSHORE compare to other projects in the district?
What stamp duty applies for a foreign buyer of PARKSHORE?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 20 transactions analysed
- Rental data: 199 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 PARKSHORE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.