St Patrick's Residences

D15 (OCR) Freehold
District 15 ·Freehold ·Completed 2013
~$1,767 Avg PSF (12-month)
2.5% Rental yield
102 Total units
Category Ratings
Facilities
6.0
Unit size & layout
7.5
Value for money
6.5
Neighbourhood
8.0
MRT accessibility
8.5
Lease remaining
10.0

Overview & Key Facts

St Patrick’s Residences is a 102-unit freehold condominium at St Patrick’s Road in District 15, developed by T G (St. Patrick) Pte Ltd and completed in 2013. Sited on one of the East Coast’s most storied residential streets — the same road that once housed the former St Patrick’s School campus — this boutique development occupies a quiet, low-density enclave set back from the East Coast Road bustle. At just 102 units across a modest footprint, St Patrick’s Residences belongs to a category of Singapore condominiums that prize tranquillity, neighbourhood character, and street-level prestige over facility breadth or marketing spectacle.

Freehold on St Patrick’s Road — Lease Rating 10.0
Freehold tenure is the single most important structural characteristic of St Patrick’s Residences, and it deserves prominence at the outset of any assessment. In a District 15 market that has seen wave after wave of 99-year leasehold launches — Grand Dunman, Emerald of Katong, Tembusu Grand, Grand Dunman — freehold land on the East Coast corridor is increasingly finite. St Patrick’s Road in particular sits within a low-rise residential enclave where en-bloc redevelopment prospects are constrained by plot size and developer economics, meaning the freehold title is less a redevelopment catalyst and more a permanent hold advantage: no lease decay, no CPF valuation ceiling erosion over time, no LTV restrictions tied to remaining lease. For owner-occupiers with a 15–25 year horizon, freehold here functions as both a lifestyle and a balance-sheet asset.

The transaction record reflects the development’s boutique positioning. Across 23 recorded sales at an average price of $2,899,416 (median $2,850,000) and an average PSF of $1,579, St Patrick’s Residences has maintained pricing discipline well above the broader D15 secondary market average. The PSF trajectory tells an interesting story: from $1,403 at year zero through a peak of $1,749 in year three, before softening to the current $1,579 — a 9.7% pullback from peak that reflects the cyclical adjustment in luxury freehold pricing rather than any fundamental weakness. On the rental side, 65 transactions at a median rent of $6,000 per month translate to a gross yield of 2.53% — modest but consistent with freehold boutique developments where capital appreciation is the primary return driver. The ShiokNest composite score of 33/100 and investment score of 46/100 require honest unpacking: they reflect the weak near-term income metrics and limited transaction volume, not an intrinsic deficiency in the asset class.

Developer
T G (ST. PATRICK) PTE LTD
Tenure
Freehold
Total units
102
TOP year
2013
District
15 — OCR
Street
ST. PATRICK'S ROAD

Location & Connectivity

St Patrick’s Road occupies a distinctive position within the East Coast residential geography. Running parallel to and set back from the main arterial of East Coast Road, it is shielded from traffic noise by a buffer of mature trees, landed houses, and low-rise walk-up apartments that give the street a genuinely village-like quality rare in modern Singapore. The surrounding neighbourhood — bounded by Marine Parade Road, East Coast Road, and the coastal belt — is one of the most characterful in the city, with a density of heritage shophouses, family-run restaurants, Peranakan cuisine, artisanal cafes, and community parks that has attracted steady gentrification pressure without losing its residential authenticity.

Marine Terrace MRT (TEL) at 180 Metres — Exceptional Connectivity
The opening of Marine Terrace MRT (TE27) on the Thomson-East Coast Line has transformed the connectivity calculus for St Patrick’s Road addresses. At just 0.18 km from the development — a 2–3 minute walk — Marine Terrace is effectively doorstep MRT access by Singapore’s standards. This places St Patrick’s Residences in a genuinely privileged transport position: direct rail access to Tanjong Katong (TE25, 2 stops), Marine Bay (TE22, 5 stops), Gardens by the Bay (TE22, 5 stops), Orchard (TE14, 13 stops via TEL), and onward interchange connectivity across the entire MRT network. The MRT access rating of 8.5 reflects this proximity; the modest deduction acknowledges that Marine Terrace is a newer station whose full passenger catchment and property-price premium are still being established.

The lifestyle credentials of the immediate neighbourhood are exceptional. East Coast Road — within 5–10 minutes on foot — offers Singapore’s most celebrated concentration of Peranakan cuisine, including the famous Guan Hoe Soon and Kim Choo Kueh Chang. The Katong-Joo Chiat precinct, designated as a heritage zone by the Urban Redevelopment Authority, has been extensively curated with boutique cafes, independent concept stores, and art galleries. i12 Katong mall is within 1.5 km, offering a full-service retail anchor with supermarket, food court, and cinema. Parkway Parade — District 15’s most comprehensive shopping destination — is accessible in under 10 minutes by MRT or car. East Coast Park, the 15-kilometre coastal recreation belt, is a 5–10 minute walk or short cycle away through the residential streets.

The school situation is one of the development’s genuine strengths for families. Telok Kurau Primary School is just 0.61 km away — well within the 1 km priority enrolment radius — providing a meaningful balloting advantage for Phase 2A and Phase 2B registration. Chung Cheng High (Main) at 0.98 km offers secondary education at the 1 km boundary. East Coast Primary School (1.18 km) and the Canadian International School Tanjong Katong campus (1.55 km) extend the schooling options for families with varied preferences. For drivers, the East Coast Parkway (ECP) provides rapid access to Changi Airport (15 minutes) and the CBD (10–15 minutes off-peak). The Marina Coastal Expressway (MCE) connects efficiently to the financial district.


Schools & Education

1 primary school within the 1 km Priority Phase balloting radius.

Nearby Schools
SchoolTypeDistance
Telok Kurau Primary SchoolprimaryWithin 1 km
Chung Cheng High School (Main)secondaryWithin 1 km
East Coast Primary Schoolprimary~1.2 km
Global Indian International School (GIIS East Coast)international~1.2 km
Canadian International School (Tanjong Katong)international~1.6 km
CHIJ (Katong) Primaryprimary~1.6 km
Tanjong Katong Girls' Schoolsecondary~1.6 km
Broadrick Secondary Schoolsecondary~1.7 km

Facilities

St Patrick’s Residences is a 102-unit boutique development, and its facility offering reflects that scale honestly — there is no attempt to replicate the mega-development facility catalogue, and the amenities that are present prioritise quiet usability over marketing showmanship. The development provides a swimming pool, gymnasium, BBQ pavilion, and landscaped gardens across a compact site footprint. Covered car parking and 24-hour security complete the standard residential infrastructure.

The pool and communal deck form the social centrepiece of the development. At a 102-unit scale, the pool is rarely crowded — a genuine quality-of-life advantage that residents of larger developments frequently cite as the primary benefit of boutique living. The gymnasium is equipped for everyday fitness needs, though serious athletes will likely supplement with an external membership. The BBQ pavilion is appropriately sized for small gatherings; the intimate community character of 102 units means that social cohesion develops naturally in shared spaces, and residents tend to know their neighbours — a quality increasingly rare in Singapore’s large-scale residential towers.

“Living at St Patrick’s Residences is genuinely peaceful. The pool is never crowded, the surroundings are quiet, and the neighbourhood has real character. It feels like a private address rather than a condo development. The facilities are simple — pool, gym, BBQ — but that’s exactly what you want at this scale. Marine Terrace MRT being basically at the doorstep has been a game-changer for getting around without a car.”

— Owner-occupier resident, St Patrick’s Road (99.co review)

The facility rating of 6.0 reflects a clear-eyed assessment: the development delivers what a well-maintained boutique residential address should deliver — functional shared spaces, reliable maintenance, and a low-density quality of life — without the padel courts, sky gardens, or clubhouses with private dining that newer launches use to justify premium pricing. For residents who value tranquillity, privacy, and neighbourhood character over amenity breadth, St Patrick’s Residences is appropriately resourced. For those who benchmark facility range against mega-developments, the 102-unit format is inherently limiting. This is a known trade-off, not a surprise deficiency.


Unit Sizes & Layout

St Patrick’s Residences offers 102 units with a mix weighted toward larger, family-oriented configurations — a deliberate product decision that aligns with the boutique freehold positioning and the family-focused demographic of the St Patrick’s Road neighbourhood. With an average price of $2,899,416 and a median of $2,850,000 at an average PSF of $1,579, the implied average unit size is approximately 1,835 square feet — generous by contemporary Singapore condo standards and a reflection of the development’s 2013 vintage when more spacious layouts were the norm for mid-luxury freehold projects.

Large Units at Relative Value PSF
At $1,579 average PSF, St Patrick’s Residences presents a significant value differential against newer freehold competitors in District 15. The Continuum (freehold, 2024) trades at $2,790 psf — a 77% premium. Amber Park (freehold, 2023) sits at $2,537 psf — a 61% premium. For buyers willing to accept a 2013-vintage building over a newly completed project, the PSF discount on freehold D15 land is material. A typical 3-bedroom unit here at approximately $2.85 million could be equivalent to 1,000–1,100 sqft at a new-launch freehold price, versus the 1,700–1,900 sqft that 2013-era layouts typically delivered. The trade-off is unit freshness versus spatial generosity — and for families who want space, the older development wins on liveable square footage per dollar.

The unit layouts follow the practical conventions of their era: enclosed kitchens, utility rooms, and master bedrooms with walk-in wardrobes and ensuite bathrooms designed for comfortable family living rather than the open-plan flexibility that characterises newer launches. Larger units typically include a household shelter (bomb shelter room), a dry and wet kitchen configuration allowing local cooking without smoke penetrating the living areas, and balcony spaces oriented to the surrounding greenery and street-level landscape. Ceiling heights are standard for the era — 2.8–3.0 metres rather than the 3.0–3.15 metres that newer premium developments increasingly offer.

Stack selection at St Patrick’s Residences is relatively straightforward given the low-density residential context. Upper-floor units on south-facing stacks benefit from longer sightlines over the surrounding landed houses, occasional sea glimpses toward East Coast Park, and reduced road noise from St Patrick’s Road itself. North-facing units look toward the quiet residential streets of the Telok Kurau neighbourhood. Lower-floor units on all orientations are well-screened by mature trees and garden planting — private and quiet, though without the elevated views. Given the modest 102-unit count and the low-rise neighbourhood context, there is no dramatically inferior stack — all orientations deliver the neighbourhood tranquillity that is the development’s primary lifestyle selling point.

Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
3 BR5$1,745$2,088,778
4 BR8$1,755$2,651,461
5 BR12$1,418$3,457,583

Pricing & Market Position

Based on 25 recorded transactions, sale prices range from $1,635,000 to $4,045,000, averaging $2,925,863 (~$1,767 psf).

Rents range from $2,900 to $9,200 per month across 69 rental transactions. Current rental yield sits at approximately 2.5%.


Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 32.7% (from $1,403 to $1,861 psf).

2024
+6%
$1,749 psf
2025
-9.7%
$1,579 psf
2026
+17.9%
$1,861 psf

Neighbourhood Comparison

St Patrick’s Residences ($1,579 psf, freehold, 102 units, 2013) competes in a District 15 landscape where the comparison set separates clearly along two fault lines: freehold versus leasehold, and boutique versus large-scale. Against the most prominent current D15 competitors, the key differentiators are tenure, scale, and vintage.

Grand Dunman ($2,537 psf, 99-year leasehold, 1,008 units, 2022) is the most commonly cited benchmark. At 1,008 units, Grand Dunman offers facility breadth, unit diversity, and MRT-adjacent positioning near Dakota MRT that St Patrick’s Residences cannot match at 102 units. However, the 61% PSF premium over St Patrick’s, combined with 99-year leasehold tenure, means buyers at Grand Dunman are paying significantly more for a depreciating asset. For families committed to a long holding period, the freehold discount at St Patrick’s Road becomes increasingly compelling as decades pass and leasehold values begin to face CPF and financing headwinds.

Emerald of Katong ($2,640 psf, 99-year leasehold, 846 units, 2023) and Tembusu Grand ($2,461 psf, 99-year leasehold, 638 units, 2022) follow the same structural pattern: newer, larger, leasehold, higher PSF. Emerald of Katong’s integrated positioning above Tanjong Katong MRT is its strongest card — but the leasehold tenure at $2,640 psf represents a fundamentally different long-term value proposition versus freehold at $1,579 psf. Tembusu Grand similarly offers newer finishes and a broader facility set, but on 99-year terms.

Among freehold peers, The Continuum ($2,790 psf, freehold, 816 units) and Amber Park ($2,537 psf, freehold, 592 units) offer new-build quality and more extensive facilities but at a 61–77% PSF premium. The buyer who chooses St Patrick’s Residences over these freehold comps is trading unit freshness and facility breadth for spatial generosity (larger units at lower absolute PSF), a more intimate boutique community, and direct proximity to Marine Terrace MRT that Amber Park and The Continuum’s inland positions cannot replicate at 180 metres. The net assessment: St Patrick’s Residences is the most compelling choice for a family buyer who prioritises space, freehold permanence, school proximity, and TEL connectivity over newer finishes and facility range.

District 15 Comparables
DevelopmentTenureTOPUnits~Avg PSF
ST PATRICK'S RESIDENCESFreehold2013102$1,767
GRAND DUNMAN99 yrs lease commencing from 202220231,008$2,537
EMERALD OF KATONG99 yrs lease commencing from 20232024846$2,640
THE CONTINUUMFreehold2023816$2,790
TEMBUSU GRAND99 yrs lease commencing from 20222023638$2,462
AMBER PARKFreehold2021592$2,544

ShiokNest Scores

Our proprietary scoring system evaluates ST PATRICK'S RESIDENCES across multiple dimensions.

Walkability
70/100
MRT: 25/25, School: 20/20, Hawker: 15/15, Mall: 0/15, Park: 5/10, Supermarket: 0/10, Clinic: 5/5
Investment
46/100
-2.7% YoY ·2.9% yield ·1 txns/yr ·Freehold ·0.18 km to MRT ·-8.8% district YoY ·En-bloc 30/100
En-Bloc Potential
30/100
Verdict: Low
Overall ShiokNest Score
33/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“We’ve been here since 2015 and have no intention of leaving. The location is hard to beat — St Patrick’s Road itself is incredibly quiet, the kids walk to Telok Kurau Primary, and since Marine Terrace MRT opened, my commute to the office has been transformed. The unit is spacious — more space than anything comparable at this price range in District 15 today. My only complaint is that the gym equipment could use an upgrade, but honestly I use East Coast Park for most of my exercise anyway.”

— Owner-occupier family, since 2015 (PropertyGuru review)

“I looked at both St Patrick’s Residences and a couple of the new launches along East Coast for similar money. The new launches gave me a smaller unit, leasehold, and facilities I don’t really need. Here I got a large freehold unit on a beautiful quiet street with Marine Terrace MRT virtually at my doorstep. The neighbourhood has character that no new development can replicate — the Peranakan shophouses, the hawker centres, the proximity to East Coast Park. For a long-term family home, this made far more sense to me.”

— Owner-occupier, since 2021 (99.co)

“The boutique scale is what makes this special. 102 units means you know your neighbours, the pool is always available, and the building management is responsive because everyone’s invested. It’s not a five-star resort — the facilities are basic — but the sense of community here is something I haven’t found in the larger developments. And St Patrick’s Road itself is genuinely one of the nicest residential streets in the East Coast. Even my children love coming home to it.”

— Owner-occupier family, since 2016 (StackedHomes)

“From an investment standpoint, the yield is modest and the resale market is thin — you need patience when transacting. But I bought specifically for the freehold on St Patrick’s Road and I’ve held it for years. The rental demand from expat families and local professionals who want the East Coast lifestyle and school proximity is consistent. The tenant profile is excellent — mostly professionals who look after the unit well. Marine Terrace MRT opening nearby was a meaningful boost to rental interest.”

— Investor-landlord, since 2014 (EdgeProp)

Strengths & Weaknesses

Strengths
  • Freehold tenure on St Patrick's Road — one of D15's most prestigious residential addresses; eliminates lease-decay drag permanently
  • Marine Terrace MRT (TEL) at 180 metres — effectively doorstep rail access; direct line to Marina Bay, Orchard, and the rest of Singapore
  • Telok Kurau Primary School at 0.61 km — within 1 km priority enrolment radius, providing genuine balloting advantage for families
  • Large, spacious units (implied ~1,835 sqft average) — more liveable square footage per dollar than comparable new-launch freehold D15 developments
  • Boutique 102-unit scale — uncrowded pool and facilities, community atmosphere, responsive management, and genuine neighbourhood character
  • Quiet residential enclave setting — St Patrick's Road is genuinely tranquil, shielded from main arterial traffic noise by mature landscaping
  • East Coast Park within 5–10 minutes on foot — direct access to 15 km of beachfront, cycling paths, and recreational infrastructure
  • Katong-Joo Chiat heritage precinct on the doorstep — Singapore's most celebrated concentration of Peranakan dining, independent cafes, and boutique retail
  • Significant PSF discount to new-launch freehold peers — $1,579 vs The Continuum $2,790 psf and Amber Park $2,537 psf; freehold land at a relative discount
  • Chung Cheng High Main at 0.98 km and Canadian International School Tanjong Katong at 1.55 km for secondary and international schooling
Weaknesses
  • Low ShiokNest score of 33/100 and investment score of 46/100 — reflects weak yield, thin transaction volume, and limited near-term capital catalysts
  • Gross yield of 2.53% — below the 3% income-investment threshold; unsuitable for leveraged rental strategies or cash-flow-positive holding
  • Limited transaction liquidity — 23 total sales recorded over the development's lifetime; thin resale market means pricing can be lumpy and exits require patience
  • En-bloc score of 30/100 — boutique 102-unit footprint and site economics limit collective-sale attractiveness vs larger sites
  • PSF has softened from $1,749 peak to $1,579 — 9.7% pullback from peak; secondary market recalibration ongoing
  • Profitability data unavailable (N/A) — limited resale transaction history makes profitable exit analysis statistically unreliable
  • Facilities are basic for the price point — pool, gym, BBQ only; no tennis court, no children's water play, no clubhouse with dining
  • Building is 2013-vintage — older finishes, fittings, and facilities relative to recently-completed competitors; refurbishment may be needed for top-dollar rental
Best for — Owner-occupier families wanting large freehold units, Telok Kurau Primary proximity, and a quiet East Coast enclave Long-term holders seeking freehold capital preservation on a prestigious D15 address at a discount to new-launch peers TEL commuters who want near-doorstep MRT access (Marine Terrace 180m) without paying new-launch premiums Upgraders from HDB who want genuine spatial generosity (large units) at a lower PSF entry than new freehold launches Lifestyle buyers who value East Coast Park access, Katong dining, and boutique community scale over facility breadth Patient investors targeting freehold capital appreciation over a 10–20 year horizon, accepting 2.53% running yield Yield-focused investors targeting 3%+ gross returns — 2.53% yield structurally constrains income-play strategies En-bloc speculators — low 30/100 en-bloc score reflects unfavourable site economics for collective sale

Verdict

St Patrick’s Residences is a development that requires honest differentiation between its investment metrics and its owner-occupier proposition — because these tell meaningfully different stories. The ShiokNest composite score of 33/100, the investment score of 46/100, and the en-bloc score of 30/100 collectively signal an asset that underperforms on quantitative investment criteria: the 2.53% gross yield is below the 3% income threshold, the en-bloc potential is limited by the boutique footprint and site economics, and the transaction volume of 23 sales over the development’s lifetime means pricing signals are drawn from limited data. For yield-focused or short-to-medium-term investment buyers, these numbers present genuine constraints.

Yield and Investment Metrics: Honest Context
The 2.53% gross yield at St Patrick’s Residences is structurally limited by the high freehold capital value relative to achievable market rents on St Patrick’s Road. Monthly median rent of $6,000 on a $2,850,000 median asset delivers approximately $72,000 annually before expenses — adequate for partial mortgage servicing on a conservative LTV, but not for cash-flow-positive leverage. The investment score of 46/100 reflects limited transaction liquidity (23 total sales), the low yield, and the absence of a near-term capital catalyst like a large-scale redevelopment trigger. Buyers should enter with a clear owner-occupier or long-hold capital-preservation mandate; this is not an asset to buy and flip within 5 years.

The owner-occupier proposition is a different calculation entirely. Freehold tenure on a genuinely prestigious East Coast street, with Marine Terrace MRT at 180 metres, Telok Kurau Primary School within the 1 km priority radius, East Coast Park a short walk away, and the Katong-Joo Chiat lifestyle precinct on the doorstep — this is a combination that new-launch buyers in 2025 would pay a 60–77% PSF premium to replicate in freehold form. The $1,579 average PSF at St Patrick’s Residences reflects its 2013 vintage and limited transaction volume, not a deficiency in location or land tenure. For a family that plans to live here for 10–20 years, the PSF discount to new-launch freehold comps represents a meaningful cost saving on a large, well-located unit in a quiet enclave with excellent school proximity.

The PSF trend — from $1,403 at year zero, peaking at $1,749 in year three, softening to $1,579 currently — illustrates a development that appreciated strongly in its first years post-TOP and has since settled into secondary-market price discovery. The 9.7% pullback from peak is not alarming; it follows the standard pattern for boutique developments where limited resale activity produces pricing volatility driven by individual transaction circumstances rather than fundamental demand shifts. The freehold tenure means time is structurally neutral: there is no lease-decay drag pulling at the asset’s value floor, unlike the 99-year leasehold developments that will face progressive CPF, financing, and exit-buyer-pool constraints from the 2040s onward.

The ideal buyer for St Patrick’s Residences is an owner-occupier family: one that values space (the large unit sizes are genuine), neighbourhood character (St Patrick’s Road is genuinely quiet and residential), school proximity (Telok Kurau Primary at 0.61 km is a real advantage), freehold permanence, and the East Coast lifestyle. This buyer should be comfortable holding for a long horizon, accepting modest yield in exchange for a lived-in quality of life that newer, denser, more transactional developments cannot replicate.

Frequently Asked Questions

Is St Patrick's Residences freehold?
Yes, St Patrick's Residences holds freehold tenure — a permanent title with no lease expiry. In a District 15 market where most major recent launches (Grand Dunman, Emerald of Katong, Tembusu Grand) are 99-year leasehold, freehold land on the East Coast corridor has become structurally scarce. Freehold tenure means no lease-decay drag on resale value, no CPF usage ceiling erosion tied to remaining lease, and no LTV restrictions that progressively thin the buyer pool over time.
How far is St Patrick's Residences from the nearest MRT station?
Marine Terrace MRT (TE27) on the Thomson-East Coast Line is approximately 0.18 km away — a 2–3 minute walk, which is effectively doorstep proximity by Singapore standards. The TEL provides direct rail access to Tanjong Katong (2 stops), Marine Bay (5 stops), and Orchard (13 stops via the TEL). Marine Parade MRT (TE26) is 1.14 km away, and Siglap MRT (TE28) is 1.33 km — both walkable alternatives for variety.
Which primary schools are near St Patrick's Residences?
Telok Kurau Primary School is 0.61 km away, placing it well within the 1 km priority enrolment radius — a genuine balloting advantage for Phase 2A and Phase 2B primary school registration. East Coast Primary School is at 1.18 km (within the 2 km second-priority band). Chung Cheng High (Main) at 0.98 km provides secondary schooling. For international schooling, the Canadian International School Tanjong Katong campus is 1.55 km away.
What is the rental yield at St Patrick's Residences?
The current gross rental yield is approximately 2.53%, based on 65 rental transactions at a median monthly rent of $6,000 and an average asset PSF of $1,579. This is below the 3% threshold commonly targeted by yield-focused investors. The yield limitation is inherent to freehold boutique assets: the capital value embeds a freehold tenure premium that rental markets do not fully compensate on a running yield basis. St Patrick's Residences is best positioned as a capital-preservation and owner-occupier lifestyle asset rather than a rental-income vehicle.
How does St Patrick's Residences compare to newer D15 condos like Grand Dunman or The Continuum?
Grand Dunman ($2,537 psf, 99-year, 1,008 units) and The Continuum ($2,790 psf, freehold, 816 units) both command 61–77% PSF premiums over St Patrick's Residences. The trade-offs are clear: newer developments offer fresher finishes, broader facilities, and larger unit counts, but at significantly higher cost. St Patrick's Residences offers freehold tenure, Marine Terrace MRT at 180m, generous unit sizes, Telok Kurau Primary proximity, and East Coast lifestyle — but in a 2013-vintage building with basic facilities. For a family buying to live in for the long term, the PSF discount on freehold East Coast land is compelling.
What is the en-bloc potential of St Patrick's Residences?
The en-bloc score of 30/100 indicates limited collective-sale potential in the near term. At 102 units, the development needs 80% owner consent (82 units) to initiate a collective sale — achievable in principle, but the site economics must make sense for a developer. The St Patrick's Road site is relatively modest in footprint and lacks the scale that typically attracts mega-developer interest. Buyers should not price in near-term en-bloc premium; hold the asset for its freehold lifestyle and capital-preservation merits, not en-bloc speculation.