Fook Hai Building
Fook Hai Building is a 99-year leasehold condominium in District 1 (Raffles Place, Marina, Cecil, People's Park), within Singapore's Rest of Central Region (RCR). The development comprises 28 units, on a lease that commenced in 1972. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
FOOK HAI BUILDING is a 99 yrs lease commencing from 1972 condominium at SOUTH BRIDGE ROAD in District 1 (RCR), developed by , comprising 28 units.
Location & Connectivity
FOOK HAI BUILDING is approximately 190m from Chinatown MRT station, with 25 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Chinatown | North-East Line | 190m |
| Chinatown | Downtown Line | 190m |
| Telok Ayer | Downtown Line | 400m |
| Clarke Quay | North-East Line | 400m |
| Raffles Place | North-South Line | 580m |
| Raffles Place | East-West Line | 580m |
Schools & Education
7 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | Secondary | 1.2 km |
| Fairfield Methodist School (Primary) | Primary | 1.2 km |
| Singapore Management University | Tertiary | 1.4 km |
| School of the Arts | JC | 1.5 km |
| Cantonment Primary School | Primary | 1.6 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.6 km |
| Kheng Cheng School | Primary | 1.8 km |
Market Position
FOOK HAI BUILDING has recorded 1 sale at an average price of $1,720,000.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | $2,959 psf | 649 |
| THE SAIL @ MARINA BAY | 99-year leasehold | $2,009 psf | 272 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | $2,293 psf | 222 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | $3,071 psf | 199 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | $1,775 psf | 106 |
Lease Analysis
With 45 years remaining on its 99-year lease, buyers should note CPF usage and loan tenure may be restricted.
What Could Work Against You
- The lease has about 45 years remaining — below the 60-year mark where CPF and bank-loan limits start narrowing the resale market.
- With just 1 sale in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 28-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters, cbd walking distance, cpf-only buyers and boutique low-density (<100 units) best. Located ~192m from Chinatown MRT, this property is a comfortable daily walk for transit commuters.
yield-focused investors and long-term hold (10+ yr) should treat this as a shortlist candidate, not a default choice.
families with young children should probably look elsewhere. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
FOOK HAI BUILDING is a 99 yrs lease commencing from 1972 development in District 1 (RCR), with 28 units, offering a gross yield of 3.2%.
At ~$986 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full FOOK HAI BUILDING dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing FOOK HAI BUILDING against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (50m away), an upgrader gap of about $650,000
- Bukit Merah — 4-room average $894,787 (1.1 km away), an upgrader gap of about $850,000
- Kallang/whampoa — 4-room average $882,887 (1.6 km away), an upgrader gap of about $850,000
FAQ
What is the average PSF for FOOK HAI BUILDING?
Is FOOK HAI BUILDING freehold?
What is the rental yield for FOOK HAI BUILDING?
Which MRT is nearest to FOOK HAI BUILDING?
Sources & Next Steps
- FOOK HAI BUILDING Dashboard — Live charts and analytics
- URA — Official transaction data
- District 1 (Raffles Place, Marina, Cecil, People's Park) — District 1 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 1 transaction
- Rental data: 18 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Sep 2025 · 1 record analysed · Source: URA private-sale caveats