Lutheran Towers
Located in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin), Lutheran Towers is a 103-year leasehold condominium in the Core Central Region (CCR). Its lease commenced in 1974. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
LUTHERAN TOWERS is a 103 yrs lease commencing from 1974 condominium at TAN KIM CHENG ROAD in District 10 (CCR), developed by .
Location & Connectivity
LUTHERAN TOWERS is approximately 300m from Botanic Gardens MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Botanic Gardens | Circle Line | 300m |
| Botanic Gardens | Downtown Line | 300m |
| Farrer Road | Circle Line | 750m |
| Tan Kah Kee | Downtown Line | 760m |
Schools & Education
13 schools within 2 km (5 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| German European School Singapore | International | 220m |
| Raffles Girls' Primary School | Primary | 500m |
| National Junior College | Secondary | 870m |
| National Junior College | JC | 870m |
| Nanyang Girls' High School | Secondary | 920m |
| Nanyang Primary School | Primary | 1.1 km |
| Chatsworth International School (Bukit Timah) | International | 1.2 km |
| Hollandse School | International | 1.2 km |
Market Position
LUTHERAN TOWERS has recorded 20 sales at an average price of $2,092,265.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 6 | $964 psf | — |
| 2022 | 3 | $1,053 psf | ↑ 9.3% |
| 2024 | 5 | $1,201 psf | ↑ 14.1% |
| 2025 | 2 | $1,135 psf | ↓ 5.6% |
| 2026 | 4 | $1,156 psf | ↑ 1.8% |
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From the 2024 high, LUTHERAN TOWERS prices have given back 3.8% — still 19.9% above the 2021 baseline. The most recent period recovered 1.8%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 10 reads 113.4 as of June 2026 — down 2.0% 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.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | $2,786 psf | 575 |
| D'LEEDON | 99 yrs lease commencing from 2010 | $1,869 psf | 453 |
| D'LEEDON | — | $1,889 psf | 416 |
| HYLL ON HOLLAND | Freehold | $2,649 psf | 328 |
Lease Analysis
With 51 years remaining on its 103-year lease, buyers should note CPF usage and loan tenure may be restricted.
What Could Work Against You
- The lease has about 51 years remaining — below the 60-year mark where CPF and bank-loan limits start narrowing the resale market.
- With just 5 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters best. Located ~297m from Botanic Gardens MRT, this property is a comfortable daily walk for transit commuters.
For yield-focused investors, en-bloc speculators and foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for long-term hold (10+ yr), cpf-only buyers and resort facilities — other options likely serve them better. Tenure and location resilience suit long-horizon ownership.
Verdict
LUTHERAN TOWERS is a 103 yrs lease commencing from 1974 development in District 10 (CCR), offering a gross yield of 2.8%.
At ~$1,149 psf, it reflects its premium CCR positioning.
Explore the full LUTHERAN TOWERS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing LUTHERAN TOWERS against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Timah — 4-room average $846,049 (150m away), an upgrader gap of about $1,250,000
- Queenstown — 4-room average $1,002,705 (2 km away), an upgrader gap of about $1,100,000
FAQ
What is the average PSF for LUTHERAN TOWERS?
Is LUTHERAN TOWERS freehold?
What is the rental yield for LUTHERAN TOWERS?
Which MRT is nearest to LUTHERAN TOWERS?
Sources & Next Steps
- LUTHERAN TOWERS Dashboard — Live charts and analytics
- URA — Official transaction data
- District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) — District 10 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: 20 transactions
- Rental data: 21 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 20 records analysed · Source: URA private-sale caveats