The Makena
Located in District 15 (Joo Chiat, Amber Road, Katong), The Makena is a freehold condominium in the Rest of Central Region (RCR). The development was completed in 1998 and comprises 504 units. Sale and rental figures on this page are compiled from URA transaction records.
THE MAKENA
Over the 12 months to May 2026, The Makena recorded 10 resale transactions at a median $2,243 psf (median price $3,040,000), and 136 rental contracts at a median $6,000/mo, a gross rental yield of 2.4%. Source: URA caveat data, as of May 2026.
The Makena's median of $2,243 psf over the trailing 12 months places its pricing above roughly 80% of District 15 condos; resale liquidity has been moderate with 10 caveats lodged; the 2.4% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| May-26 | $3,848,000 | $2,352 psf | 1,636 sqft | 21 to 25 | 4BR |
| Feb-26 | $3,500,000 | $2,212 psf | 1,582 sqft | 06 to 10 | 4BR |
| Feb-26 | $2,680,000 | $2,327 psf | 1,152 sqft | 21 to 25 | 3BR |
| Dec-25 | $2,610,000 | $2,266 psf | 1,152 sqft | 11 to 15 | 3BR |
| Oct-25 | $3,400,000 | $2,240 psf | 1,518 sqft | 06 to 10 | 4BR |
| Sep-25 | $3,515,000 | $2,148 psf | 1,636 sqft | 06 to 10 | 4BR |
| Sep-25 | $3,700,000 | $2,247 psf | 1,647 sqft | 26 to 30 | 4BR |
| Sep-25 | $2,250,000 | $2,431 psf | 926 sqft | 11 to 15 | 2BR |
Can I afford The Makena?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $3,040,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.