Studio 3
Studio 3 is a freehold condominium located in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin), part of the Core Central Region (CCR). Completed in 2005, the development comprises 66 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
STUDIO 3 is a freehold condominium at SHANGHAI ROAD in District 10 (CCR), developed by FORTUNE DEVELOPMENT PTE LTD, comprising 66 units, completed in 2005.
Location & Connectivity
STUDIO 3 is approximately 710m from Great World MRT station, with 9 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Great World | Thomson-East Coast Line | 710m |
| Orchard Boulevard | Thomson-East Coast Line | 890m |
| Havelock | Thomson-East Coast Line | 1 km |
| Tiong Bahru | East-West Line | 1.1 km |
| Orchard | North-South Line | 1.1 km |
| Orchard | Thomson-East Coast Line | 1.1 km |
Schools & Education
21 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Gan Eng Seng Primary School | Primary | 720m |
| Gan Eng Seng School | Secondary | 750m |
| Kheng Cheng School | Primary | 750m |
| River Valley Primary School | Primary | 990m |
| CHIJ (Kellock) | Primary | 1.1 km |
| Tanglin Secondary School | Secondary | 1.1 km |
| Henderson Secondary School | Secondary | 1.2 km |
| Chatsworth International School (Orchard) | International | 1.2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 2 | $1,993 psf | $1,105,000 |
| 2 BR | 3 | $1,950 psf | $1,721,000 |
| 3 BR | 1 | $1,483 psf | $1,548,000 |
| 4 BR | 1 | $1,414 psf | $2,100,000 |
Market Position
STUDIO 3 has recorded 7 sales at an average price of $1,574,429.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at STUDIO 3 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 | $3,189/mo | $1,105,000 | 3.46% | $289/mo |
| 2 BR | $4,414/mo | $1,721,000 | 3.08% | $256/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,833 psf | — |
| 2022 | 1 | $1,483 psf | ↓ 19.1% |
| 2023 | 1 | $2,000 psf | ↑ 34.9% |
| 2024 | 3 | $1,781 psf | ↓ 10.9% |
| 2025 | 1 | $2,072 psf | ↑ 16.4% |
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STUDIO 3 prices sit at a fresh series high after a 16.4% gain on the prior period, now 13.1% above the 2021 starting level.
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 |
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 66 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
Buyers most likely to be happy here: car-owning households, quiet sanctuary seekers, yield-focused investors and long-term hold (10+ yr). Parking and arterial road access matter more here than walking-distance MRT.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for short-term flippers (<5 yr) and resort facilities — other options likely serve them better. TOP 2005 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
STUDIO 3 is a freehold development in District 10 (CCR), with 66 units, offering a gross yield of 2.9%.
At ~$2,072 psf, it reflects its premium CCR positioning.
Explore the full STUDIO 3 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing STUDIO 3 against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (390m away), an upgrader gap of about $700,000
- Central Area — 4-room average $1,088,814 (1.4 km away), an upgrader gap of about $500,000
- Queenstown — 4-room average $1,002,705 (1.4 km away), an upgrader gap of about $550,000
FAQ
What is the average PSF for STUDIO 3?
Is STUDIO 3 freehold?
What is the rental yield for STUDIO 3?
Which MRT is nearest to STUDIO 3?
Sources & Next Steps
- STUDIO 3 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: 7 transactions
- Rental data: 115 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2025 · 7 records analysed · Source: URA private-sale caveats