We track 119 sales and 566 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SILVERSEA dashboard.
- Average sale price: $3,267,436 across 119 transactions
- Estimated gross rental yield: 2.8%
- District 15 PSF ranking: Premium tier (top 16%)
- 99 yrs lease commencing from 2007 · RCR · D15 · 383 units
About SILVERSEA
SILVERSEA is a 99 yrs lease commencing from 2007 condominium, located at MARINE PARADE ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by MARINA GREEN LTD (FAR EAST ORGANIZATION), comprising 383 residential units, completed in 2014.
With approximately 80 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at SILVERSEA:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 37 | $1,959 psf | $2,002,402 |
| 4 BR | 55 | $2,022 psf | $3,162,400 |
| 5+ BR | 27 | $1,937 psf | $5,214,963 |
Sales Market Overview
SILVERSEA has recorded 119 sale transactions with an average transaction price of $3,267,436, ranging from $1,630,000 to $9,500,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 22 | $1,714 psf | $2,988,409 | — |
| 2022 | 23 | $1,935 psf | $3,657,348 | ↑ 12.9% |
| 2023 | 12 | $1,915 psf | $2,719,000 | ↓ 1.0% |
| 2024 | 30 | $2,099 psf | $3,316,696 | ↑ 9.6% |
| 2025 | 18 | $2,113 psf | $3,352,944 | ↑ 0.7% |
| 2026 | 14 | $2,126 psf | $3,319,929 | ↑ 0.6% |
SILVERSEA ranks in the top 16% of condos in District 15 by average PSF.
Compared to the RCR average of $2,049 psf, SILVERSEA trades 3.2% below the segment benchmark.
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Rental Market Overview
SILVERSEA has recorded 566 rental transactions with monthly rents averaging $7,700/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 210 | $5,174/mo | $2,800/mo | $7,000/mo |
| 3 BR | 270 | $7,963/mo | $5,000/mo | $12,800/mo |
| 4 BR | 86 | $13,043/mo | $8,200/mo | $20,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 131 | $6,473/mo |
| 2022 | 115 | $7,067/mo |
| 2023 | 105 | $8,947/mo |
| 2024 | 99 | $7,873/mo |
| 2025 | 90 | $8,819/mo |
| 2026 | 26 | $7,115/mo |
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Investment Analysis
Based on average rents and sale prices, SILVERSEA 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 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows SILVERSEA (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SILVERSEA
- Marine Parade MRT
- Tanjong Katong MRT
- Marine Terrace MRT
- CHIJ (Katong) Primary
- Canadian International School (Tanjong Katong)
- Tao Nan School
Nearby MRT Stations
SILVERSEA is 420m from Marine Parade MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Parade | TE26 | Thomson-East Coast Line | 420m |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.1 km |
| Marine Terrace | TE27 | Thomson-East Coast Line | 1.4 km |
Nearby Schools
There are 10 schools within 2 km of SILVERSEA, including 6 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ (Katong) Primary | Primary | 630m |
| Canadian International School (Tanjong Katong) | International | 920m |
| Tao Nan School | Primary | 960m |
| Broadrick Secondary School | Secondary | 970m |
| EtonHouse International School (Broadrick) | International | 970m |
| Tanjong Katong Primary School | Primary | 980m |
| Tanjong Katong Girls' School | Secondary | 1.0 km |
| Haig Girls' School | Primary | 1.4 km |
| Telok Kurau Primary School | Primary | 1.8 km |
| Canossa Catholic Primary School | Primary | 1.9 km |
FAQ
What is the average price for SILVERSEA?
What is the rental yield for SILVERSEA?
Is SILVERSEA freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 119 transactions analysed
- Rental data: 566 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 SILVERSEA
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