THE BELVEDERE is a freehold development along MEYER ROAD in District 15 (Katong / Joo Chiat), part of the RCR segment of Singapore's private residential market. The project comprises 167 units and is TOP 2008.
This profile draws on 27 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 18 years from TOP, THE BELVEDERE 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 THE BELVEDERE 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 27 sales and 227 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE BELVEDERE dashboard.
- Average sale price: $2,982,070 across 27 transactions
- Estimated gross rental yield: 2.2%
- District 15 PSF ranking: Premium tier (top 9%)
- Freehold tenure · RCR · D15 · 167 units
About THE BELVEDERE
THE BELVEDERE is a freehold condominium, located at MEYER ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by SHERWOOD DEVELOPMENT PTE LTD, comprising 167 residential units, completed in 2008.
As a freehold property, THE BELVEDERE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE BELVEDERE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 16 | $2,259 psf | $2,772,556 |
| 4 BR | 10 | $2,266 psf | $3,105,500 |
| 5+ BR | 1 | $1,974 psf | $5,100,000 |
Sales Market Overview
THE BELVEDERE has recorded 27 sale transactions with an average transaction price of $2,982,070, ranging from $2,223,000 to $5,100,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 6 | $1,893 psf | $2,447,167 | — |
| 2022 | 3 | $1,973 psf | $3,460,000 | ↑ 4.2% |
| 2023 | 4 | $2,197 psf | $2,767,500 | ↑ 11.4% |
| 2024 | 8 | $2,384 psf | $3,039,111 | ↑ 8.5% |
| 2025 | 6 | $2,608 psf | $3,345,000 | ↑ 9.4% |
THE BELVEDERE ranks in the top 9% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, THE BELVEDERE trades 10% above the segment benchmark.
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Rental Market Overview
THE BELVEDERE has recorded 227 rental transactions with monthly rents averaging $5,552/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 45 | $4,556/mo | $3,200/mo | $5,700/mo |
| 3 BR | 175 | $5,598/mo | $3,300/mo | $9,500/mo |
| 4 BR | 3 | $10,100/mo | $7,500/mo | $11,500/mo |
| 5+ BR | 4 | $11,325/mo | $7,000/mo | $17,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 41 | $4,595/mo |
| 2022 | 52 | $4,932/mo |
| 2023 | 38 | $5,984/mo |
| 2024 | 43 | $6,145/mo |
| 2025 | 42 | $6,043/mo |
| 2026 | 11 | $6,364/mo |
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Investment Analysis
Based on average rents and sale prices, THE BELVEDERE delivers an estimated gross rental yield of 2.2%. 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 THE BELVEDERE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE BELVEDERE
- Katong Park MRT
- Tanjong Katong MRT
- Mountbatten MRT
- Dakota MRT
- Stadium MRT
- One World International School (Mountbatten)
- Tanjong Katong Primary School
- Tao Nan School
Nearby MRT Stations
THE BELVEDERE is 290m from Katong Park MRT (Thomson-East Coast Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Katong Park | TE24 | Thomson-East Coast Line | 290m |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.0 km |
| Mountbatten | CC7 | Circle Line | 1.1 km |
| Dakota | CC8 | Circle Line | 1.2 km |
| Stadium | CC6 | Circle Line | 1.5 km |
Nearby Schools
There are 12 schools within 2 km of THE BELVEDERE.
| School | Type | Distance |
|---|---|---|
| One World International School (Mountbatten) | International | 1.4 km |
| Tanjong Katong Primary School | Primary | 1.5 km |
| Tao Nan School | Primary | 1.6 km |
| Geylang Methodist School (Secondary) | Secondary | 1.7 km |
| Haig Girls' School | Primary | 1.7 km |
| Geylang Methodist School (Primary) | Primary | 1.7 km |
| CHIJ (Katong) Primary | Primary | 1.7 km |
| Broadrick Secondary School | Secondary | 1.9 km |
| EtonHouse International School (Broadrick) | International | 1.9 km |
| Canadian International School (Tanjong Katong) | International | 1.9 km |
| Tanjong Katong Girls' School | Secondary | 2.0 km |
| Kong Hwa School | Primary | 2.0 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. Katong Park sits about 0.29km 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. One World International School (Mountbatten) sits about 1.38km 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: THE BELVEDERE 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. 27 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 THE BELVEDERE?
What is the rental yield for THE BELVEDERE?
Is THE BELVEDERE freehold or leasehold?
How far is the nearest MRT from THE BELVEDERE?
What is the tenure of THE BELVEDERE?
How does THE BELVEDERE compare to other projects in the district?
What stamp duty applies for a foreign buyer of THE BELVEDERE?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 27 transactions analysed
- Rental data: 227 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 THE BELVEDERE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.