Residence 118
Located in District 15 (Joo Chiat, Amber Road, Katong), Residence 118 is a freehold condominium in the Outside Central Region (OCR). Completed in 2006, the development comprises 11 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
RESIDENCE 118 is a freehold condominium at LORONG L TELOK KURAU in District 15 (OCR), developed by TTLM PTE LTD, comprising 11 units, completed in 2006.
Location & Connectivity
RESIDENCE 118 is approximately 600m from Marine Terrace MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 600m |
| Kembangan | East-West Line | 990m |
| Siglap | Thomson-East Coast Line | 1.3 km |
| Marine Parade | Thomson-East Coast Line | 1.4 km |
Schools & Education
13 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 110m |
| Chung Cheng High School (Main) | Secondary | 900m |
| East Coast Primary School | Primary | 1.2 km |
| Global Indian International School (GIIS East Coast) | International | 1.2 km |
| Canossa Catholic Primary School | Primary | 1.5 km |
| Tanjong Katong Girls' School | Secondary | 1.5 km |
| Canadian International School (Tanjong Katong) | International | 1.5 km |
| Broadrick Secondary School | Secondary | 1.6 km |
Market Position
RESIDENCE 118 has recorded 2 sales at an average price of $1,195,000.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2023 | 1 | $1,345 psf | — |
| 2025 | 1 | $1,536 psf | ↑ 14.3% |
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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 1 transaction 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 11 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
The profile fits families with young children, car-owning households, long-term hold (10+ yr) and freehold / generational hold best. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
short-term flippers (<5 yr) and resort facilities should probably look elsewhere. TOP 2006 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
Verdict
RESIDENCE 118 is a freehold development in District 15 (OCR), with 11 units, offering a gross yield of 3.5%.
At ~$1,536 psf, it represents a competitive entry point in the OCR segment.
Explore the full RESIDENCE 118 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing RESIDENCE 118 against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (640m away), an upgrader gap of about $550,000
- Bedok — 4-room average $659,895 (1.2 km away), an upgrader gap of about $550,000
- Geylang — 4-room average $761,443 (1.4 km away), an upgrader gap of about $450,000
FAQ
What is the average PSF for RESIDENCE 118?
Is RESIDENCE 118 freehold?
What is the rental yield for RESIDENCE 118?
Which MRT is nearest to RESIDENCE 118?
Sources & Next Steps
- RESIDENCE 118 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: 2 transactions
- Rental data: 7 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Dec 2025 · 2 records analysed · Source: URA private-sale caveats