SUITES @ OWEN is a freehold development along OWEN ROAD in District 8 (Little India / Farrer Park), part of the RCR segment of Singapore's private residential market. The project comprises 20 units and is TOP 2011.
This profile draws on 5 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 15 years from TOP, SUITES @ OWEN 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 8 (Little India / Farrer Park), the immediate context for SUITES @ OWEN 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 5 sales and 58 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SUITES @ OWEN dashboard.
- Average sale price: $974,178 across 5 transactions
- Estimated gross rental yield: 3.4%
- District 8 PSF ranking: Above average (top 46%)
- Freehold tenure · RCR · D8 · 20 units
About SUITES @ OWEN
SUITES @ OWEN is a freehold condominium, located at OWEN ROAD in District 8 (Little India) (Rest of Central Region), developed by MACLY PTE LTD, comprising 20 residential units, completed in 2011.
As a freehold property, SUITES @ OWEN does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at SUITES @ OWEN:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 1 | $1,639 psf | $600,000 |
| 1 BR | 2 | $1,520 psf | $862,944 |
| 2 BR | 1 | $1,546 psf | $1,265,000 |
| 3 BR | 1 | $1,239 psf | $1,280,000 |
Sales Market Overview
SUITES @ OWEN has recorded 5 sale transactions with an average transaction price of $974,178, ranging from $600,000 to $1,280,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,439 psf | $940,000 | — |
| 2023 | 1 | $1,442 psf | $900,000 | ↑ 0.2% |
| 2025 | 2 | $1,572 psf | $1,045,444 | ↑ 9.1% |
SUITES @ OWEN ranks in the top 46% of condos in District 8 by average PSF.
Compared to the RCR average of $2,047 psf, SUITES @ OWEN trades 27.1% below the segment benchmark.
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Rental Market Overview
SUITES @ OWEN has recorded 58 rental transactions with monthly rents averaging $2,720/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 50 | $2,610/mo | $1,850/mo | $3,400/mo |
| 2 BR | 8 | $3,406/mo | $2,700/mo | $4,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 14 | $2,296/mo |
| 2022 | 12 | $2,521/mo |
| 2023 | 9 | $3,111/mo |
| 2024 | 7 | $2,786/mo |
| 2025 | 14 | $2,989/mo |
| 2026 | 2 | $3,000/mo |
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Investment Analysis
Based on average rents and sale prices, SUITES @ OWEN delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 8
Side-by-side comparison against the most actively traded condos in District 8 (Little India):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PICCADILLY GRAND | 99 yrs lease commencing from 2021 | 407 | $2,167 psf | 425 |
| CITYLIGHTS | 99 yrs lease commencing from 2004 | 600 | $1,767 psf | 133 |
| CITY SQUARE RESIDENCES | Freehold | 910 | $1,891 psf | 114 |
| STURDEE RESIDENCES | 99 yrs lease commencing from 2015 | 305 | $1,999 psf | 107 |
| KERRISDALE | 99 yrs lease commencing from 1998 | 481 | $1,395 psf | 90 |
Location Map
Map shows SUITES @ OWEN (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SUITES @ OWEN
- Farrer Park MRT
- Little India MRT
- Little India MRT
- Jalan Besar MRT
- Bendemeer MRT
- Farrer Park Primary School
- CHIJ Our Lady Queen of Peace
- LASALLE College of the Arts
Nearby MRT Stations
SUITES @ OWEN is 120m from Farrer Park MRT (North-East Line), with 11 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Farrer Park | NE8 | North-East Line | 120m |
| Little India | NE7 | North-East Line | 900m |
| Little India | DT12 | Downtown Line | 900m |
| Jalan Besar | DT22 | Downtown Line | 910m |
| Bendemeer | DT23 | Downtown Line | 1.0 km |
| Rochor | DT13 | Downtown Line | 1.1 km |
| Boon Keng | NE9 | North-East Line | 1.1 km |
| Lavender | EW11 | East-West Line | 1.3 km |
Nearby Schools
There are 17 schools within 2 km of SUITES @ OWEN, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Farrer Park Primary School | Primary | 300m |
| CHIJ Our Lady Queen of Peace | Primary | 800m |
| LASALLE College of the Arts | Tertiary | 800m |
| St. Andrew's Secondary School | Secondary | 990m |
| St. Andrew's Junior College | Jc | 990m |
| St. Margaret's Secondary School | Secondary | 1.0 km |
| St. Andrew's Junior School | Primary | 1.0 km |
| St. Margaret's Primary School | Primary | 1.1 km |
| Hong Wen School | Primary | 1.3 km |
| Bendemeer Primary School | Primary | 1.4 km |
| Bendemeer Secondary School | Secondary | 1.5 km |
| ACS (Junior) | Primary | 1.6 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. Farrer Park sits about 0.12km 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.
Boutique character. With 20 units, SUITES @ OWEN 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. Farrer Park Primary School sits about 0.30km 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 5 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: SUITES @ OWEN combines walking-distance MRT with long-tenure leasehold (or freehold) — a solid structural foundation. The district position dictates whether capital appreciation outpaces or tracks the broader market. 5 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 6-10 years to ride out one full macro cycle. 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 SUITES @ OWEN?
What is the rental yield for SUITES @ OWEN?
Is SUITES @ OWEN freehold or leasehold?
How far is the nearest MRT from SUITES @ OWEN?
What is the tenure of SUITES @ OWEN?
How does SUITES @ OWEN compare to other projects in the district?
What stamp duty applies for a foreign buyer of SUITES @ OWEN?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions analysed
- Rental data: 58 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 SUITES @ OWEN
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.