91 Marshall

D15 (OCR)

Uploaded from file

District 15 ·Completed 2016
~$1,871 Avg PSF (12-month)
3.0% Rental yield
30 Total units
Category Ratings
Facilities
4.5
Unit size & layout
7.0
Value for money
8.0
Neighbourhood
9.0
MRT accessibility
7.5
Lease remaining
10.0

Overview & Key Facts

91 Marshall is a boutique freehold condominium on Marshall Road in District 15 — a quiet residential street that sits between the old-world Katong shophouse belt and the newer Marine Parade corridor. Developed by TEE Home Pte Ltd and completed in 2016, the development comprises just 30 units spread across two 5-storey blocks on a compact 1,225 sqm site. That intimacy is the defining characteristic: 91 Marshall is not trying to be a resort mega-condo, but a well-located, low-density freehold address for buyers who value tenure security and a genuine neighbourhood feel over an exhaustive amenity list.

TEE Home Pte Ltd is the residential development arm of TEE Land Limited, a Singapore-listed developer with a track record of boutique projects across the mid-market and upper-mid segment. Their approach at 91 Marshall is restrained and focused: a clean five-storey massing, a curated selection of facilities in the modest footprint available, and unit layouts that prioritise practical living over paper-impressive sizes. The development sits on the fringe of the Katong heritage enclave, one of Singapore’s most storied residential addresses, where freehold sites rarely come to market and even older leasehold projects command premiums over comparable estates elsewhere in the city.

With only 30 units, 91 Marshall occupies the boutique segment that has quietly outperformed the broader D15 market on a per-sqft basis over the past decade. Buyers here are typically owner-occupiers seeking freehold tenure near top schools and the East Coast lifestyle corridor, or investors targeting the consistently strong rental demand from the Katong–Marine Parade belt driven by international school families and young professionals.

Developer
TEE HOMES PTE LTD
Tenure
Total units
30
TOP year
2016
District
15 — RCR
Street
MARSHALL ROAD
Lease remaining
~89 years (of 99)

Location & Connectivity

Marshall Road lies in the heart of District 15 — close enough to the East Coast lifestyle belt to benefit from it, but set back from the main arterials enough to feel genuinely residential. The street itself is lined with a mix of low-rise developments and landed houses, and the immediate surroundings are quiet by Singapore standards. Marine Parade MRT (Thomson-East Coast Line) is approximately 680 metres away, and Tanjong Katong MRT is about 830 metres — both are brisk walking distances, putting 91 Marshall in a more accessible position than many D15 developments that relied on buses before the TEL opened.

For drivers, the location is even more convenient. The ECP is accessible within minutes, and the CBD is reachable in around 15 minutes in off-peak conditions. Parkway Parade — the anchor shopping mall for the Marine Parade precinct — is under 10 minutes by car, as are i12 Katong and the Katong V mall. East Coast Park and its 15 km cycling and beach corridor is just minutes away by bicycle from the development. This combination of expressway access and East Coast Park proximity is a genuine lifestyle advantage that residents consistently cite.

The school catchment is exceptional for a development of this size. Tanjong Katong Primary School is approximately 420 metres away, well within the 1 km ballot radius. CHIJ (Katong) Primary is 130 metres from the site — one of the closest primary school relationships in the entire district. Canadian International School (Tanjong Katong campus) and EtonHouse International School (Broadrick) are both within 200 metres, making 91 Marshall particularly appealing to international school families who want to minimise commute time for young children.

TEL connectivity
The 2023 opening of the Thomson-East Coast Line fundamentally changed the connectivity equation for D15 developments. Marine Parade MRT (0.68 km) and Tanjong Katong MRT (0.83 km) both sit on the TEL, which connects directly to Orchard (4 stops), Stevens interchange, and eventually Woodlands. For 91 Marshall residents, this is a step-change versus the pre-TEL era when buses to Paya Lebar EWL were the primary MRT feeder.

Schools & Education

4 primary schools within the 1 km Priority Phase balloting radius.

Nearby Schools
SchoolTypeDistance
CHIJ (Katong) PrimaryprimaryWithin 1 km
Canadian International School (Tanjong Katong)internationalWithin 1 km
Broadrick Secondary SchoolsecondaryWithin 1 km
EtonHouse International School (Broadrick)internationalWithin 1 km
Tanjong Katong Girls' SchoolsecondaryWithin 1 km
Tao Nan SchoolprimaryWithin 1 km
Tanjong Katong Primary SchoolprimaryWithin 1 km
Haig Girls' SchoolprimaryWithin 1 km

Facilities

On a 1,225 sqm site with 30 units, 91 Marshall makes sensible choices. The facilities list — swimming pool, wading pool, Jacuzzi, pool terrace, gymnasium, pine garden, children’s play area, reading lounge, BBQ pits, and 24-hour security — covers the essentials without overreaching. The pool and landscaped pine garden are the social anchors of the development, and the low resident count means facilities are rarely congested. Buyers should calibrate expectations accordingly: this is not a resort-style condo. The draw is freehold tenure, school proximity, and neighbourhood quality — not a 50-metre lap pool or an air-conditioned badminton hall.

“Nice area and convenient for families. Quiet street but very accessible — the MRT is an easy walk now, and the school run to CHIJ is literally minutes on foot.”

— Resident review, 99.co

The reading lounge is an unusual inclusion for a 30-unit development and reflects a deliberate positioning toward owner-occupiers rather than pure investment buyers. The pine garden — a small but thoughtfully designed landscaped area between the two blocks — creates a sense of green separation that makes the development feel less dense than its footprint would suggest. For a boutique freehold in D15, the facilities package is appropriate; buyers seeking resort-scale amenities should look at Grand Dunman, Amber Park, or The Continuum.


Unit Sizes & Layout

Unit sizes at 91 Marshall reflect the compact nature of the site and the development’s era. One-bedroom units start at 334 sqft and go up to 377 sqft; two-bedrooms range from 560 to 581 sqft with a 2-bedroom+study at 710 sqft; three-bedrooms run from 743 to 786 sqft. The penthouse tier adds meaningful scale — a 2-bedroom+study penthouse reaches 1,109–1,249 sqft, and the 3-bedroom penthouses hit 1,367–1,399 sqft, which is generously proportioned for a boutique development and offers genuine family living space with private roof terraces. Total unit count: 6 one-beds, 11 two-beds, 3 two-bed+study, 3 three-beds, 1 two-bed penthouse, 2 two-bed+study penthouses, 2 three-bed penthouses.

Penthouse value proposition
The 3-bedroom penthouses at 91 Marshall (1,367–1,399 sqft) represent the development’s strongest long-term hold case: freehold tenure, generous indoor area by D15 standards, and private rooftop terrace space that simply does not exist in new-launch equivalents at any price point. If you are buying for long-term family use or as a legacy asset, the penthouses warrant serious consideration even at a PSF premium over the standard stack.

The standard two and three-bedroom units are compact by 2000s-era standards but benchmarked reasonably against post-2015 new-build norms. A 560 sqft two-bedroom is tight but functional, and the D15 freehold premium justifies the density trade-off for most owner-occupier profiles. Interior finishing quality is consistent with TEE Home’s mid-market positioning — solid but not premium. Buyers should budget for bathroom and kitchen refreshes to bring the units to a modern aesthetic, particularly in the decade-old lower floors. The two blocks share an orientation that avoids direct western sun exposure on the main living areas, which is a meaningful practical benefit in Singapore’s climate.

Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
0 BR4$1,777$669,500
1 BR4$1,748$996,500
2 BR2$1,662$1,225,000
4 BR2$1,284$1,775,000

Pricing & Market Position

Based on 12 recorded transactions, sale prices range from $640,000 to $1,860,000, averaging $1,055,333 (~$1,871 psf).

Rents range from $1,600 to $4,000 per month across 36 rental transactions. Current rental yield sits at approximately 3.0%.


Price Appreciation

From 2021 to 2025, the average PSF has appreciated by 22% (from $1,515 to $1,849 psf).

2023
+16.8%
$1,858 psf
2024
-2.9%
$1,803 psf
2025
+2.5%
$1,849 psf

Neighbourhood Comparison

The key comparisons within D15 reveal a clear positioning. The Continuum (freehold, S$2,790 psf, 816 units) offers resort-scale facilities and a larger community feel at a 51% PSF premium — for buyers who want freehold with a full amenity set and are willing to pay for it. Grand Dunman (99yr from 2022, S$2,537 psf, 1,008 units) is MRT-integrated at Dakota station and delivers a significantly more extensive facility stack, but at a 37% PSF premium and with a leasehold clock. Amber Park (freehold, S$2,538 psf, 592 units) sits between the two on facilities and scale. Against all three, 91 Marshall’s proposition is clear: it trades facilities and unit scale for a substantial PSF discount on the same freehold tenure type, within the same school catchment.

The boutique freehold peer group in D15 is the more instructive comparison set. Developments like 77 @ East Coast and La Mariposa — both freehold, sub-30 unit projects in the same corridor — have demonstrated that boutique freehold D15 assets hold value well over time and attract a stable owner-occupier base. In that context, 91 Marshall’s pricing at S$1,849 psf looks conservative relative to the new-launch comparables, with the key risk being the usual boutique illiquidity: if you need to sell quickly, price discovery at 30 units is slower than at a development where 3–5 units trade every quarter.

District 15 Comparables
DevelopmentTenureTOPUnits~Avg PSF
91 MARSHALL201630$1,871
GRAND DUNMAN99 yrs lease commencing from 202220231,008$2,537
EMERALD OF KATONG99 yrs lease commencing from 20232024846$2,640
THE CONTINUUMFreehold2023816$2,790
TEMBUSU GRAND99 yrs lease commencing from 20222023638$2,462
AMBER PARKFreehold2021592$2,538

Lease Decay Analysis

The 99-year lease runs from 2016, meaning approximately 10 years have already been consumed. Roughly 89 years remain — still comfortably within the range where most banks will offer full financing without restrictions.

Lease Milestones
YearLease remainingImplication
2026 (now)~89 yearsFull bank financing available
2046~69 yearsCPF usage still unrestricted for most buyers
2055~59 yearsApproaching 60-year threshold — CPF limits begin for some
2075~39 yearsSignificant financing restrictions for next buyer
2115ExpiryLease reverts to state

For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~79 years remaining, which is still very bankable. The risk profile changes for longer holds.


ShiokNest Scores

Our proprietary scoring system evaluates 91 MARSHALL across multiple dimensions.

Walkability
65/100
MRT: 15/25, School: 20/20, Hawker: 15/15, Mall: 0/15, Park: 10/10, Supermarket: 0/10, Clinic: 5/5
Investment
53/100
+2.5% YoY ·4.3% yield ·2 txns/yr ·Unknown tenure ·0.68 km to MRT ·-8.8% district YoY ·En-bloc 39/100
En-Bloc Potential
39/100
Verdict: Low
Overall ShiokNest Score
55/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“Love the quiet street and the school proximity. My kids walk to CHIJ in under 5 minutes. The MRT is a pleasant 10-minute walk now that TEL is open. Only wish the units were slightly bigger but freehold in Katong at this price is hard to find.”

— Resident review via PropertyGuru

“Very peaceful development. Low density means the pool is almost always available. Management is responsive. Location is excellent for families — East Coast Park is a short ride, great food on East Coast Road. Parking is tight though with only 30 units and occasional visitor issues.”

— Resident review via Singapore Expats

“Nice peaceful city living with convenient accessibility. Freehold gives peace of mind. The international school crowd means a lot of expat neighbours — good community feel. Unit sizes are on the small side for a 3-bedder but the layout is efficient.”

— Resident review via 99.co

Across review platforms, the consistent themes are: appreciation for the low-density living and quiet street setting; strong approval of the school proximity and post-TEL MRT convenience; and an accepted trade-off on unit sizes and facilities breadth versus freehold tenure. Parking and visitor access occasionally surface as friction points — a structural constraint of a 30-unit development with a compact basement car park. The international school community creates a cosmopolitan neighbour profile that most residents view positively.


Strengths & Weaknesses

Strengths
  • Freehold tenure in District 15 — perpetual ownership with no lease decay
  • CHIJ (Katong) Primary at 130m — exceptional P1 balloting position
  • Canadian International School (TK) & EtonHouse within 200m — strong expat rental demand
  • Marine Parade MRT (TEL) at 0.68km — post-2023 connectivity step-change
  • 30% discount to new-launch leasehold peers (S$1,849 vs S$2,500+ psf)
  • Low density — pool and facilities rarely congested with 30 units
  • Quiet residential street with landed-house neighbours
  • East Coast Park cycling/beach corridor within minutes by bicycle
  • Rare boutique freehold supply — structurally limited resale inventory supports price floor
Weaknesses
  • Compact unit sizes — 2-bedroom from 560 sqft, tight for long-term family living
  • Minimal facilities — no tennis courts, no function rooms, no resort features
  • Boutique illiquidity — infrequent transactions slow price discovery on resale
  • Parking can be tight — visitor parking limited on a compact 1,225 sqm site
  • Interior finishings are mid-market 2016 vintage — budget for bathroom/kitchen updates
  • No MRT within 400m — Marine Parade TEL is a 10-minute walk, not a stroll
  • Investment yield modest at ~3% gross — primarily an own-stay or long-hold case
Best for — Families near CHIJ / Tanjong Katong Primary International school families (CIS, EtonHouse) Freehold legacy / inter-generational buyers Boutique low-density lifestyle seekers East Coast lifestyle (cycling, beach, F&B) Mid-term investors targeting expat rental demand Buyers needing large unit sizes Resort-facilities buyers

Verdict

91 Marshall is a niche buy that makes a specific kind of sense. If you are a family or couple seeking freehold tenure within walking distance of CHIJ (Katong) Primary or Tanjong Katong Primary School, a post-TEL MRT walking distance, and the East Coast lifestyle corridor — and you are comfortable with compact living spaces — this development is difficult to beat at its current PSF. The freehold story is the headline: at roughly S$1,849 psf as of 2026, you are acquiring perpetual tenure in one of Singapore’s most established residential districts at a meaningful discount to the new-launch leasehold comparables nearby.

The comparisons are instructive. Grand Dunman (99yr leasehold) trades at S$2,537 psf. The Continuum (freehold) is at S$2,790 psf. Emerald of Katong (99yr) at S$2,640 psf. Against those benchmarks, 91 Marshall at S$1,849 psf freehold represents a 30–35% PSF discount to the new-launch cohort — a gap that reflects both the age of the development (2016 TOP) and the boutique size premium compression that smaller developments often experience in the resale market. For investors, the gross yield of approximately 3% at current pricing is modest but stable, underpinned by the international school ecosystem that generates consistent rental demand from expatriate families cycling through 2–3 year corporate packages.

The weaknesses are real but predictable for a boutique development of this vintage. The standard unit sizes are compact. The facilities list, while appropriate, will not impress buyers accustomed to mega-condo resort living. Liquidity is constrained by the small unit count — turnover is infrequent, which cuts both ways: price discovery is slower, but premiums tend to hold because supply is structurally limited. Buyers who need to exit quickly should factor in that finding a buyer at full asking PSF may take longer than at a 500–1,000 unit development with more regular transaction history.

Frequently Asked Questions

Is 91 Marshall freehold or leasehold?
91 Marshall is a freehold development, which is a significant advantage in District 15 where most recent launches are 99-year leasehold. Freehold tenure means there is no lease decay and the property can be held indefinitely.
How far is 91 Marshall from the nearest MRT station?
Marine Parade MRT (Thomson-East Coast Line) is approximately 680 metres away — about a 10-minute walk. Tanjong Katong MRT (TEL) is 830 metres. Both stations opened in 2023 and provide direct access to Orchard Road and City Hall.
What schools are near 91 Marshall?
CHIJ (Katong) Primary is just 130 metres from the development — one of the closest school-condo relationships in D15. Tanjong Katong Primary School is 420 metres away. Canadian International School (Tanjong Katong) and EtonHouse International School (Broadrick) are both within 200 metres, driving strong expat rental demand.
What is the average PSF at 91 Marshall in 2026?
Based on recent transactions, 91 Marshall trades at approximately S$1,849 psf on average, with a 12-month range of roughly S$1,826 to S$1,871 psf. This represents a significant 30–35% discount to new-launch freehold and leasehold comparables in D15.
How many units does 91 Marshall have and what are the unit types?
91 Marshall has 30 units across 5 storeys: 6 one-bedrooms (334–377 sqft), 11 two-bedrooms (560–581 sqft), 3 two-bedroom+study (710 sqft), 3 three-bedrooms (743–786 sqft), and 7 penthouse units including 3-bedroom penthouses at 1,367–1,399 sqft with private roof terraces.
How does 91 Marshall compare to Grand Dunman and The Continuum?
91 Marshall (freehold, ~S$1,849 psf) offers a 30–51% PSF discount to Grand Dunman (~S$2,537 psf, 99yr) and The Continuum (~S$2,790 psf, freehold). The trade-off is compact unit sizes and a minimal facilities list versus the resort-scale amenities and larger community at those developments. For freehold tenure at a D15 address, 91 Marshall is the most affordable entry point.