SANTA FE MANSIONS is a freehold development along MARGATE ROAD in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 45 units and is TOP 1998.
This profile draws on 8 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 SANTA FE MANSIONS 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 8 sales and 44 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SANTA FE MANSIONS dashboard.
- Average sale price: $1,855,000 across 8 transactions
- Estimated gross rental yield: 2.4%
- District 15 PSF ranking: Above average (top 33%)
- Freehold tenure · RCR · D15 · 45 units
About SANTA FE MANSIONS
SANTA FE MANSIONS is a freehold condominium, located at MARGATE ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by SANTA DEVELOPMENT PTE LTD, comprising 45 residential units, completed in 1998.
As a freehold property, SANTA FE MANSIONS does not face lease decay concerns.
Sales Market Overview
SANTA FE MANSIONS has recorded 8 sale transactions with an average transaction price of $1,855,000, ranging from $1,650,000 to $2,250,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,533 psf | $1,650,000 | — |
| 2022 | 3 | $1,561 psf | $1,680,000 | ↑ 1.8% |
| 2025 | 2 | $1,763 psf | $1,975,000 | ↑ 12.9% |
| 2026 | 2 | $1,874 psf | $2,100,000 | ↑ 6.3% |
SANTA FE MANSIONS ranks in the top 33% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, SANTA FE MANSIONS trades 17.6% below the segment benchmark.
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Rental Market Overview
SANTA FE MANSIONS has recorded 44 rental transactions with monthly rents averaging $3,712/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 44 | $3,712/mo | $2,450/mo | $5,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 5 | $2,732/mo |
| 2022 | 10 | $3,295/mo |
| 2023 | 8 | $4,013/mo |
| 2024 | 11 | $4,139/mo |
| 2025 | 9 | $3,889/mo |
| 2026 | 1 | $4,100/mo |
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Investment Analysis
Based on average rents and sale prices, SANTA FE MANSIONS delivers an estimated gross rental yield of 2.4%. 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 SANTA FE MANSIONS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SANTA FE MANSIONS
- Katong Park MRT
- Tanjong Katong MRT
- Dakota MRT
- Mountbatten MRT
- Tanjong Katong Primary School
- One World International School (Mountbatten)
- Tao Nan School
Nearby MRT Stations
SANTA FE MANSIONS is 520m from Katong Park MRT (Thomson-East Coast Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Katong Park | TE24 | Thomson-East Coast Line | 520m |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 730m |
| Dakota | CC8 | Circle Line | 920m |
| Mountbatten | CC7 | Circle Line | 950m |
Nearby Schools
There are 12 schools within 2 km of SANTA FE MANSIONS.
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Primary School | Primary | 1.2 km |
| One World International School (Mountbatten) | International | 1.2 km |
| Tao Nan School | Primary | 1.3 km |
| Haig Girls' School | Primary | 1.4 km |
| Geylang Methodist School (Secondary) | Secondary | 1.4 km |
| Geylang Methodist School (Primary) | Primary | 1.4 km |
| CHIJ (Katong) Primary | Primary | 1.5 km |
| Broadrick Secondary School | Secondary | 1.6 km |
| EtonHouse International School (Broadrick) | International | 1.6 km |
| Canadian International School (Tanjong Katong) | International | 1.6 km |
| Kong Hwa School | Primary | 1.7 km |
| Tanjong Katong Girls' School | Secondary | 1.7 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. Katong Park is about 0.52km — 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 45 units, SANTA FE MANSIONS 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. Tanjong Katong Primary School sits about 1.17km 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 8 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: SANTA FE MANSIONS 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. 8 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 SANTA FE MANSIONS?
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What is the tenure of SANTA FE MANSIONS?
How does SANTA FE MANSIONS compare to other projects in the district?
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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: 8 transactions analysed
- Rental data: 44 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 SANTA FE MANSIONS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.