Ivory
Ivory is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Rest of Central Region (RCR). Completed in 2010, the development comprises 20 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
IVORY is a freehold condominium at CEYLON LANE in District 15 (RCR), developed by HUME DEVELOPMENT PTE LTD, comprising 20 units, completed in 2010.
Location & Connectivity
IVORY is approximately 980m from Eunos MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Eunos | East-West Line | 980m |
| Paya Lebar | East-West Line | 1.1 km |
| Paya Lebar | Circle Line | 1.1 km |
| Tanjong Katong | Thomson-East Coast Line | 1.1 km |
| Marine Parade | Thomson-East Coast Line | 1.1 km |
| Dakota | Circle Line | 1.4 km |
Schools & Education
14 schools within 2 km (9 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Girls' School | Secondary | 290m |
| Broadrick Secondary School | Secondary | 360m |
| EtonHouse International School (Broadrick) | International | 360m |
| Canadian International School (Tanjong Katong) | International | 380m |
| Tao Nan School | Primary | 520m |
| Haig Girls' School | Primary | 550m |
| Tanjong Katong Primary School | Primary | 650m |
| Canossa Catholic Primary School | Primary | 660m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 3 | $1,460 psf | $958,333 |
| 2 BR | 1 | $1,340 psf | $1,168,000 |
| 3 BR | 4 | $1,224 psf | $1,355,000 |
| 4 BR | 2 | $1,173 psf | $2,109,000 |
Market Position
IVORY has recorded 10 sales at an average price of $1,368,100.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at IVORY typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 1 BR | $2,671/mo | $958,333 | 3.34% | $279/mo |
| 2 BR | $3,450/mo | $1,168,000 | 3.54% | $295/mo |
| 3 BR | $4,191/mo | $1,355,000 | 3.71% | $309/mo |
Loading chart data...
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,236 psf | — |
| 2022 | 2 | $1,225 psf | ↓ 1.0% |
| 2023 | 3 | $1,354 psf | ↑ 10.6% |
| 2024 | 3 | $1,325 psf | ↓ 2.1% |
Loading chart data...
From the 2023 high, IVORY prices have given back 2.1% — still 7.2% above the 2021 baseline.
Price Index Check
The ShiokNest Price Index for District 15 reads 110.5 as of June 2026 — down 9.3% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
Loading chart data...
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 913 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 783 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 645 |
| AMBER PARK | Freehold | $2,549 psf | 397 |
What Could Work Against You
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 20-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
This is a strong match for families with young children, yield-focused investors, long-term hold (10+ yr) and freehold / generational hold. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
For car-owning households, it can work — but weigh the trade-offs before committing.
It is a weaker fit for resort facilities — other options likely serve them better. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
IVORY is a freehold development in District 15 (RCR), with 20 units, offering a gross yield of 3.1%.
Explore the full IVORY dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing IVORY against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (300m away), an upgrader gap of about $600,000
- Marine Parade — 4-room average $648,065 (1.1 km away), an upgrader gap of about $700,000
- Bedok — 4-room average $659,895 (1.8 km away), an upgrader gap of about $700,000
FAQ
What is the average PSF for IVORY?
Is IVORY freehold?
What is the rental yield for IVORY?
Which MRT is nearest to IVORY?
Sources & Next Steps
- IVORY Dashboard — Live charts and analytics
- URA — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 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: 10 transactions
- Rental data: 22 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Nov 2024 · 10 records analysed · Source: URA private-sale caveats