Malvern Springs
Malvern Springs is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Rest of Central Region (RCR). The development was completed in 2004 and comprises 75 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
MALVERN SPRINGS is a freehold condominium at ONAN ROAD in District 15 (RCR), developed by TRIPLAN PTE LTD(OUB CENTRE LIMITED), comprising 75 units, completed in 2004.
Location & Connectivity
MALVERN SPRINGS is approximately 410m from Marine Parade MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Parade | Thomson-East Coast Line | 410m |
| Marine Terrace | Thomson-East Coast Line | 1.1 km |
| Tanjong Katong | Thomson-East Coast Line | 1.1 km |
Schools & Education
12 schools within 2 km (7 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ (Katong) Primary | Primary | 330m |
| Canadian International School (Tanjong Katong) | International | 400m |
| Tanjong Katong Girls' School | Secondary | 470m |
| Broadrick Secondary School | Secondary | 490m |
| EtonHouse International School (Broadrick) | International | 490m |
| Tao Nan School | Primary | 630m |
| Tanjong Katong Primary School | Primary | 750m |
| Haig Girls' School | Primary | 1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 5 | $1,871 psf | $2,051,600 |
| 5+ BR | 3 | $1,057 psf | $2,696,296 |
Market Position
MALVERN SPRINGS has recorded 8 sales at an average price of $2,293,361.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,333 psf | — |
| 2022 | 3 | $1,236 psf | ↓ 7.3% |
| 2023 | 1 | $1,858 psf | ↑ 50.3% |
| 2025 | 3 | $1,876 psf | ↑ 1.0% |
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MALVERN SPRINGS prices sit at a fresh series high after a 1.0% gain on the prior period, now 40.7% above the 2021 starting level.
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.
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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
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 75 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
This is a strong match for mrt-walkable commuters, international school families, long-term hold (10+ yr) and freehold / generational hold. Located ~414m from Marine Parade MRT, this property is a comfortable daily walk for transit commuters.
For yield-focused investors, 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.
Verdict
MALVERN SPRINGS is a freehold development in District 15 (RCR), with 75 units, offering a gross yield of 3.0%.
At ~$1,876 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full MALVERN SPRINGS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MALVERN SPRINGS against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (430m away), an upgrader gap of about $1,650,000
- Geylang — 4-room average $761,443 (910m away), an upgrader gap of about $1,550,000
FAQ
What is the average PSF for MALVERN SPRINGS?
Is MALVERN SPRINGS freehold?
What is the rental yield for MALVERN SPRINGS?
Which MRT is nearest to MALVERN SPRINGS?
Sources & Next Steps
- MALVERN SPRINGS 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: 8 transactions
- Rental data: 99 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2025 · 8 records analysed · Source: URA private-sale caveats