STRAITS RESIDENCES is a freehold development along JOO CHIAT PLACE in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 30 units and is TOP 2013.
This profile draws on 7 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 13 years from TOP, STRAITS 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 STRAITS 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 7 sales and 45 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the STRAITS RESIDENCES dashboard.
- Average sale price: $795,286 across 7 transactions
- Estimated gross rental yield: 3.9%
- District 15 PSF ranking: Above average (top 46%)
- Freehold tenure · RCR · D15 · 30 units
About STRAITS RESIDENCES
STRAITS RESIDENCES is a freehold condominium, located at JOO CHIAT PLACE in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by ROXY LAND PTE LTD, comprising 30 residential units, completed in 2013.
As a freehold property, STRAITS RESIDENCES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at STRAITS RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 3 | $1,634 psf | $650,333 |
| 1 BR | 3 | $1,540 psf | $805,333 |
| 2 BR | 1 | $1,376 psf | $1,200,000 |
Sales Market Overview
STRAITS RESIDENCES has recorded 7 sale transactions with an average transaction price of $795,286, ranging from $638,000 to $1,200,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,353 psf | $728,000 | — |
| 2022 | 3 | $1,475 psf | $837,667 | ↑ 9.1% |
| 2023 | 2 | $1,633 psf | $844,000 | ↑ 10.7% |
| 2024 | 1 | $1,852 psf | $638,000 | ↑ 13.4% |
STRAITS RESIDENCES ranks in the top 46% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, STRAITS RESIDENCES trades 23.9% below the segment benchmark.
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Rental Market Overview
STRAITS RESIDENCES has recorded 45 rental transactions with monthly rents averaging $2,552/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 22 | $2,397/mo | $1,800/mo | $3,600/mo |
| 2 BR | 22 | $2,714/mo | $2,000/mo | $3,600/mo |
| 3 BR | 1 | $2,400/mo | $2,400/mo | $2,400/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 10 | $1,955/mo |
| 2022 | 9 | $2,428/mo |
| 2023 | 8 | $2,944/mo |
| 2024 | 8 | $2,763/mo |
| 2025 | 9 | $2,787/mo |
| 2026 | 1 | $2,700/mo |
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Investment Analysis
Based on average rents and sale prices, STRAITS RESIDENCES delivers an estimated gross rental yield of 3.9%. This is above the Singapore-wide benchmark of approximately 3%.
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 STRAITS RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- STRAITS RESIDENCES
- Eunos MRT
- Marine Parade MRT
- Kembangan MRT
- Marine Terrace MRT
- Paya Lebar MRT
- Canossa Catholic Primary School
- Tanjong Katong Girls'
- Canadian International School (Tanjong Katong)
Nearby MRT Stations
STRAITS RESIDENCES is 710m from Eunos MRT (East-West Line), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Eunos | EW7 | East-West Line | 710m |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.2 km |
| Kembangan | EW6 | East-West Line | 1.2 km |
| Marine Terrace | TE27 | Thomson-East Coast Line | 1.3 km |
| Paya Lebar | EW8 | East-West Line | 1.3 km |
| Paya Lebar | CC9 | Circle Line | 1.3 km |
Nearby Schools
There are 13 schools within 2 km of STRAITS RESIDENCES, including 8 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Canossa Catholic Primary School | Primary | 510m |
| Tanjong Katong Girls' School | Secondary | 670m |
| Canadian International School (Tanjong Katong) | International | 730m |
| Broadrick Secondary School | Secondary | 770m |
| EtonHouse International School (Broadrick) | International | 770m |
| Tao Nan School | Primary | 980m |
| Telok Kurau Primary School | Primary | 990m |
| CHIJ (Katong) Primary | Primary | 1.0 km |
| Haig Girls' School | Primary | 1.1 km |
| Tanjong Katong Primary School | Primary | 1.1 km |
| Kong Hwa School | Primary | 1.6 km |
| Geylang Methodist School (Secondary) | Secondary | 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.
Walking-distance MRT. Eunos is about 0.71km — 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 30 units, STRAITS 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. Canossa Catholic Primary School sits about 0.51km 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 7 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: STRAITS 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. 7 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 STRAITS RESIDENCES?
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Is STRAITS RESIDENCES freehold or leasehold?
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How does STRAITS RESIDENCES 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: 7 transactions analysed
- Rental data: 45 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 STRAITS RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.