Wing Fong Mansions

D14 (RCR) Freehold
District 14 ·Freehold ·Completed 1997
~$1,055 Avg PSF (12-month)
3.8% Rental yield
218 Total units
Category Ratings
Facilities
5.0
Unit size & layout
7.5
Value for money
8.5
Neighbourhood
5.5
MRT accessibility
8.0
Lease remaining
10.0

Overview & Key Facts

Wing Fong Mansions is a 218-unit freehold condominium at 12 Lorong 14 Geylang in District 14, completed in 1997. Developed by Wing Fong Development Pte Ltd — a developer with a focused history in the Geylang corridor — the project spans two eight-storey residential blocks set back from Lorong 14, occupying a site that stretches between Guillemard Road and Geylang Road along the western frontage of the lorong.

The development occupies an unusual and polarising position in the Singapore residential market. At an average transacted price of approximately $1,091,479 and $989 PSF, Wing Fong Mansions is one of the most affordable freehold condominium products per square foot in Singapore — a distinction that reflects both the genuine value of the offering and the reputational complexity of its Geylang address. Geylang is Singapore’s most frankly mixed-use neighbourhood: a legitimate commercial and residential district with outstanding food culture, strong connectivity, and a dense built environment, coexisting with a well-documented red-light district in certain lorongs. Lorong 14, where Wing Fong Mansions sits, is in the residential belt of Geylang rather than the entertainment zone, but buyers and tenants should approach the address with clear eyes and verify their comfort level with the broader neighbourhood before committing.

The unit mix skews toward the mid-range: 1-bedroom units at approximately 743 sqft, 2-bedroom units from 700 to 1,066 sqft, and 3-bedroom units from 1,109 to 1,270 sqft. The average implied unit size at $989 PSF and $1,091,479 average price is approximately 1,103 sqft — a genuinely liveable size by contemporary standards, and substantially larger than what comparable-price new launch products deliver today. With 218 recorded sale and rental transactions generating $3,585 average monthly rent and a market-implied gross yield near 4.6%, Wing Fong Mansions is a cashflow-oriented freehold product for buyers and investors who prioritise rental income and affordability of entry over postcode prestige.

The freehold title is the headline investment attribute. At $989 PSF freehold in D14, Wing Fong Mansions offers permanent land tenure at a price level that no comparable product in Districts 9, 10, or 11 can approach. For investors with a long hold horizon, the absence of lease decay is a structural advantage over the many 99-year leasehold developments at similar price points across the island. The caveat is the address: Geylang’s mixed character is not a hidden fact, and the PSF directly reflects the discount the market applies to it.

Developer
WING FONG DEVELOPMENT PTE LTD
Tenure
Freehold
Total units
218
TOP year
1997
District
14 — RCR
Street
LORONG 14 GEYLANG

Location & Connectivity

Wing Fong Mansions is located on Lorong 14 Geylang, a quiet residential side street that connects Guillemard Road to Geylang Road. The development’s site occupies the western stretch of Lorong 14, with the two blocks positioned back from the lorong within a landscaped compound. The immediate street environment is residential and relatively quiet by Geylang standards — Lorong 14 is outside the primary entertainment district, which concentrates on the even-numbered lorongs between Lorong 10 and Lorong 22.

MRT access is genuinely strong for an inner-city address at this price point. Mountbatten MRT (CC7) on the Circle Line is the closest station at approximately a 7-minute walk. Aljunied MRT (EW9) on the East West Line is approximately 10 minutes on foot. The combination of Circle Line and East West Line access within easy walking distance is a connectivity profile that many more expensive districts cannot match: the Circle Line links residents directly to key interchange stations (Paya Lebar, Bishan, Dhoby Ghaut, HarbourFront), while the East West Line provides rapid access east to Changi Airport (under 30 minutes) and west to the CBD, Raffles Place, and Jurong. Paya Lebar MRT — a major CC–EWL interchange and the commercial hub of the emerging Paya Lebar subzone — is two stops east on either line.

Dual-Line MRT Advantage
Wing Fong Mansions sits between two MRT lines within an easy walk: Mountbatten (CC7, Circle Line, ~7 min) and Aljunied (EW9, East West Line, ~10 min). This dual-line access provides Circle Line connectivity to Marina Bay, Dhoby Ghaut, and HarbourFront, plus East West Line connectivity directly to Raffles Place CBD, Tampines, and Changi Airport. The Paya Lebar interchange (CC9/EW8) is two stops on either line — Geylang’s connectivity story is substantially stronger than its postcode reputation suggests.

The lifestyle and amenity environment is dense and characterful. Geylang’s food scene is among Singapore’s most celebrated: durian stalls, late-night seafood, frog porridge, Malay and Chinese cuisine at all hours — a cultural and culinary density that no other residential district replicates. Paya Lebar Quarter, a major mixed-use retail and office hub approximately 1.5 km east, is accessible by a short MRT or bus ride. Kallang Wave Mall and the Singapore Sports Hub cluster are approximately 1.5 km west at Mountbatten, reachable on foot or by CC7 in one stop. City Plaza at Geylang Serai, KINEX (formerly OneKM) at Tanjong Katong Road, and Leisure Park Kallang round out the nearby retail options.

Schools in the catchment include Broadrick Secondary School (approximately 10 minutes on foot), Geylang Methodist School Primary and Secondary (approximately 12 minutes), and Kong Hwa School (approximately 12 minutes). Canossa Catholic Primary School and Tanjong Katong Primary are within the broader catchment. The school proximity is adequate for families but not the development’s primary selling point — the address is more naturally suited to young working professionals, investors, and couples than to families seeking a premier school-catchment address.

Buyers should be clear-eyed about Geylang’s mixed character. The immediate Lorong 14 residential environment is quiet, but the broader neighbourhood context includes the red-light district zone in certain lorongs, a visible nightlife economy, and a reputation that makes some buyers uncomfortable regardless of the specific address. This is not a hidden risk — it is the primary reason Wing Fong Mansions is priced at $989 PSF freehold when comparable freehold products in Districts 10, 11, or 15 trade at $1,500–$2,500 PSF. The discount is real and so is its cause.


Schools & Education

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

Nearby Schools
SchoolTypeDistance
One World International School (Mountbatten)internationalWithin 1 km
Geylang Methodist School (Primary)primaryWithin 1 km
Geylang Methodist School (Secondary)secondaryWithin 1 km
Kong Hwa Schoolprimary~1.3 km
Hong Wen Schoolprimary~1.7 km
Haig Girls' Schoolprimary~1.8 km
Macpherson Primary Schoolprimary~2.0 km

Facilities

Wing Fong Mansions offers a functional but modest facilities deck consistent with its 1997 vintage and 218-unit scale. The confirmed facilities include a swimming pool, a wading pool, tennis courts, two levels of basement carpark, and remote-controlled auto-gates. The compound is landscaped and the perimeter is secured — standard for a freehold development of this era.

The absence of a gymnasium, clubhouse, function room, sky terrace, or elaborate lifestyle amenities is characteristic of late-1990s Singapore condominiums at this price and scale level. Developments completed in the 1995–2000 window were generally built to a more modest facilities standard than the lifestyle-amenity arms race that characterised subsequent generations of mid-market condominium development. Buyers expecting the amenity depth of a 2010s or 2020s condominium will need to recalibrate expectations — Wing Fong Mansions’ value proposition is its freehold title, unit size, location, and price, not its facilities deck.

Facilities in Context
The absence of a gym is a practical gap for residents who rely on in-development fitness facilities. However, ActiveSG has fitness centres at the nearby Kallang Leisure Park (approximately 1.5 km west), and the Singapore Sports Hub offers public swimming and fitness facilities at the same distance. For a freehold condo at $989 PSF, offsetting a modest facilities deck with affordable membership at a national facility is a common practical approach for residents of this generation of development.

The swimming pool and wading pool are listed as Wing Fong Mansions’ own facilities (as distinct from Wing Fong Court, the adjacent development), providing a usable aquatic amenity within the compound. With 218 units across two blocks, pool crowding is unlikely to be a significant issue in practice — the resident density is moderate and the tenant profile (young professionals, couples) means facility usage is concentrated in evenings and weekends rather than uniformly spread across the day.

Two levels of basement carpark and remote-controlled auto-gates reflect the developer’s attention to security and convenience in a Geylang location. The basement parking configuration keeps vehicles off street level and maintains a cleaner compound aesthetic. Auto-gates provide perimeter security without the visible guard presence of more heavily secured developments, consistent with the residential character of the broader Lorong 14 environment.


Unit Sizes & Layout

Wing Fong Mansions offers three unit configurations: 1-bedroom units at approximately 743 sqft, 2-bedroom units ranging from 700 to 1,066 sqft, and 3-bedroom units from 1,109 to 1,270 sqft. The average implied unit size — calculated from the $1,091,479 average sale price and $989 PSF average — is approximately 1,103 sqft, clustering around the mid-range of the 2-bedroom and lower 3-bedroom tiers.

These are genuinely usable dimensions. A 1,000–1,100 sqft 2-bedroom unit in a 1997-vintage development will typically offer bedroom sizes, living and dining proportions, and kitchen layouts that a 2025 new launch 2-bedder at the same sqft level cannot match — because 1990s residential design did not yet apply the partition efficiency and layout minimisation techniques that contemporary developers use to maximise unit count from a given floor plate. Wing Fong Mansions’ 2-bedroom and 3-bedroom units should feel spacious, functional, and practical for owner-occupation or tenanting.

The two-block, eight-storey format means units in both blocks have a broad range of orientations depending on stack. Higher floors benefit from clearer sightlines over the Geylang roofscape — Geylang’s low-rise built environment means the visual horizon opens up relatively quickly even at modest heights. Lower-floor units are more sheltered within the compound but may have limited natural light on internal-facing stacks. Buyers should verify the specific stack orientation, floor, and facing during a physical inspection.

Unit Size vs. New Launch Comparison
At $989 PSF and an average size of ~1,103 sqft, Wing Fong Mansions delivers substantially more space per dollar than the current new launch market. A comparable-price new launch 2-bedder in D14 or D15 today would typically deliver 500–650 sqft at $1,400–$1,800 PSF, at a similar or higher absolute price point. For owner-occupiers who prioritise liveable area over new-build specification, Wing Fong Mansions represents a genuine space premium relative to what the new launch market currently offers at the same budget.

The 1-bedroom tier at 743 sqft is atypically large for a one-bedroom unit by any era’s standard — most contemporary 1-bedroom products are 400–550 sqft. A 743 sqft 1-bedder is functionally comparable to a 2-bedroom studio in newer developments and provides a quality of living that compact 1-bedroom units cannot match. For single professionals or couples who want a generously proportioned base in an inner-city location with strong rental demand, this tier is particularly well-suited.

As a 1997-vintage development, units will be in period condition unless individually renovated. Kitchens, bathrooms, floor finishes, and fittings from the original build are now approximately 28 years old — functional but dated relative to contemporary renovation standards. Buyers should factor a renovation budget into their acquisition cost, particularly for buyer-occupation or for tenanting at the higher end of the rental range.

Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
2 BR5$1,111$951,800
3 BR25$963$1,118,956

Pricing & Market Position

Based on 30 recorded transactions, sale prices range from $760,000 to $1,290,000, averaging $1,091,096 (~$1,055 psf).

Rents range from $1,770 to $6,100 per month across 240 rental transactions. Current rental yield sits at approximately 3.8%.


Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 14.1% (from $830 to $947 psf).

2024
-1.5%
$1,015 psf
2025
+6.1%
$1,077 psf
2026
-12.1%
$947 psf

Neighbourhood Comparison

Within District 14, Wing Fong Mansions’ closest comparison class is older freehold condominiums along the Guillemard–Geylang corridor. Guillemard Edge (38 Lorong 30 Geylang, freehold, 275 units) is a more recent development completed in 2013 that commands a PSF premium reflecting its newer build vintage, more extensive facilities, and slightly more residential Lorong 30 position. Guillemard Edge typically trades at $1,200–$1,400 PSF — a $200–$400 PSF premium over Wing Fong Mansions that reflects the 16-year newer construction and superior facilities rather than a fundamentally different neighbourhood context.

Moving toward the District 15 fringe, Arena Residences at Guillemard Lane is a notable upper-tier D14 freehold product averaging approximately $2,213 PSF — more than double Wing Fong Mansions’ entry point. Arena Residences’ PSF premium reflects its more modern build (completed 2019), full lifestyle amenity deck, and cleaner address positioning away from the Geylang core, but it is not a directly comparable product at Wing Fong Mansions’ price tier.

For buyers considering Wing Fong Mansions against comparable-price leasehold products elsewhere in D14 or in D12/D13, the freehold title is the decisive differentiator. Most D14 leasehold condos at sub-$1,100 PSF carry 99-year tenures commenced in the 1990s, leaving 70–80 years remaining — and some are approaching the 75-year CPF threshold. Wing Fong Mansions’ permanent tenure eliminates this concern entirely. Over a 10–15 year hold, the compounding effect of freehold versus leasehold is meaningful at resale: buyers at resale will have no lease-related CPF or financing constraints to manage.

Against the broader Geylang freehold market, Kallang Riverside and newer boutique freehold projects along the Geylang River corridor typically target the $1,300–$1,600 PSF range with smaller unit configurations (often sub-800 sqft), designed primarily for investors rather than owner-occupiers. Wing Fong Mansions’ larger unit sizes and lower PSF entry make it more suitable for owner-occupation or for investors seeking a liveable product that attracts longer tenancies from working professionals rather than transient short-term tenants.

District 14 Comparables
DevelopmentTenureTOPUnits~Avg PSF
WING FONG MANSIONSFreehold1997218$1,055
PARC ESTA99 yrs lease commencing from 201820211,399$2,184
SIMS URBAN OASIS99 yrs lease commencing from 201420201,024$1,762
PENROSE99 yrs lease commencing from 20192021566$1,928
EUHABITAT99 yrs lease commencing from 20102016697$1,326
THE ANTARES99 yrs lease commencing from 20182021265$1,833

ShiokNest Scores

Our proprietary scoring system evaluates WING FONG MANSIONS across multiple dimensions.

Walkability
68/100
MRT: 15/25, School: 20/20, Hawker: 10/15, Mall: 15/15, Park: 5/10, Supermarket: 0/10, Clinic: 3/5
Investment
69/100
+3.8% YoY ·4.5% yield ·4 txns/yr ·Freehold ·0.64 km to MRT ·+4.5% district YoY ·En-bloc 42/100
Profitability
67/100
Win rate: 100 — 4 transaction pairs, 100% profitable, avg +$134,778
En-Bloc Potential
42/100
Verdict: Moderate
Overall ShiokNest Score
62/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“I’ve been renting here for two years. The unit is large, the MRT is a short walk, and the rent is very reasonable for what you get. Geylang has a reputation, but Lorong 14 itself is quiet and I feel safe. The food nearby is incredible — durian and late-night supper every other week.”

— Tenant review via PropertyGuru

“Good size unit, freehold, reasonable price. Management keeps the compound reasonably clean. The basement parking is a big plus. I wouldn’t recommend it to buyers who are uncomfortable with Geylang as an address — but for what it is, it’s a solid hold.”

— Owner comment via EdgeProp

“For investors the yield is real — it rents up fast because of the location and the price. Tenants who work in the CBD or Paya Lebar find Mountbatten CC very convenient. I’ve never had a vacancy of more than two weeks.”

— Investor review via 99.co

“The main downside is the lack of gym — you have to use outside facilities for fitness. But the pool is there and the courts are rarely crowded. For the price, freehold, this is not easy to replicate elsewhere in Singapore.”

— Resident review via SRX

The resident and tenant sentiment pattern at Wing Fong Mansions is consistent: satisfaction with unit size and value, strong appreciation for the MRT connectivity and Geylang’s famous food scene, honest acknowledgement of the neighbourhood’s mixed character, and pragmatic acceptance of a modest facilities deck. Tenants who are comfortable with — or genuinely attracted to — the Geylang lifestyle tend to be highly satisfied; buyers and tenants who are sensitive to the neighbourhood’s reputation tend to self-select out before signing. The investment profile is confirmed by investor reviews noting fast tenanting cycles and strong yield delivery.


Strengths & Weaknesses

Strengths
  • Freehold tenure — permanent land title at sub-$1,000 PSF, one of the most affordable freehold entry points remaining in Singapore
  • Dual MRT access: Mountbatten CC7 (~7 min walk) and Aljunied EW9 (~10 min walk) — Circle Line and East West Line within easy reach
  • Avg ~4.6% gross yield at $3,585/month rent — significantly above CCR/RCR freehold benchmarks
  • Generous unit sizes: 1BR ~743 sqft, 2BR 700–1,066 sqft, 3BR 1,109–1,270 sqft — far larger than comparable-price new launches
  • Average price $1.09M at $989 PSF — low absolute entry cost for a freehold inner-city address
  • Strong rental demand from CBD and Paya Lebar workers; short tenanting void periods common
  • No lease decay: freehold title avoids CPF threshold issues and leasehold-discount trajectories at resale
  • Geylang’s renowned food scene — durian, late-night seafood, Malay and Chinese cuisine — directly accessible on foot
  • Paya Lebar Quarter and major retail (KINEX, Kallang Wave Mall, City Plaza) within 1.5–2 km
  • Two levels of basement parking with auto-gates — secure and practical for a Geylang address
Weaknesses
  • Geylang neighbourhood context: red-light district in surrounding lorongs is a documented reality that many buyers and tenants find off-putting regardless of Lorong 14’s residential character
  • Limited capital appreciation history: Geylang PSF has historically lagged the broader Singapore market; PSF upside depends on macro Geylang sentiment or en-bloc catalyst
  • Modest facilities: swimming pool, wading pool, tennis courts only — no gym, no clubhouse, no lifestyle amenities
  • 1997 vintage: kitchens, bathrooms, and fittings likely in original or dated-renovation condition; budget renovation costs into acquisition
  • Address sensitivity: selective tenant pool — some tenants and their families may decline a Geylang address regardless of unit quality
  • Limited family amenity positioning — school catchment is adequate but not premium; not a natural choice for families prioritising top-tier school proximity
  • Selective buyer pool at resale — Geylang discount limits the universe of future purchasers, particularly for buyers seeking family-friendly addresses
  • No gym within the compound — fitness facilities require use of nearby public ActiveSG centres
Best for — Yield-focused investors seeking 4%+ gross return with freehold permanence Young professionals comfortable with Geylang lifestyle and MRT connectivity Long-hold cash buyers wanting freehold inner-city title at sub-$1,000 PSF Upgraders from HDB seeking freehold condo entry at sub-$1.1M Investors comfortable with Geylang address for tenanting to working professionals Families needing top-tier school catchment (limited options nearby) Buyers sensitive to Geylang’s reputation who may find address uncomfortable Short-hold resale flippers expecting near-term PSF capital gains

Verdict

Wing Fong Mansions’ investment case is built on a clear premise: it is one of the most affordable freehold condominiums per square foot in Singapore, at a price point that reflects both the genuine value of the offering and the genuine complexity of its Geylang address. At $989 PSF freehold in District 14, the development sits in a category of its own — there is very little else in Singapore that offers permanent freehold title, inner-city MRT connectivity, and decent unit sizes at sub-$1,000 PSF.

The investment case is strongest for yield-focused buyers with a long hold horizon. At approximately $3,585 average monthly rent and a ~$1,091,479 average acquisition price, the implied gross yield is approximately 3.9–4.6%, depending on the specific unit and current lease terms. This yield profile significantly outperforms the CCR and RCR freehold market (typically 2.0–3.0%) and is broadly consistent with other Geylang freehold products that benefit from high tenant demand from young professionals, hospitality workers, and short-term tenants attracted to the central location, MRT access, and competitive rents.

Capital appreciation is the more complex part of the thesis. Geylang’s PSF levels have historically lagged the broader Singapore residential market — a function of the address discount that buyers apply to the neighbourhood. The URA Master Plan has periodically flagged Geylang for long-term land use rationalisation, which could either catalyse en-bloc activity or result in zoning changes that affect the district’s character. Neither outcome is certain, and buyers should not purchase Wing Fong Mansions primarily as a capital appreciation play in the near term. The freehold title provides a floor on value decay over the very long term — permanent land tenure prevents the lease-decay price trajectory that affects leasehold properties — but PSF appreciation beyond the broader D14 market will require either a macro uplift in Geylang sentiment or a specific en-bloc catalyst.

Wing Fong Mansions is the right answer for income-first investors who want freehold land tenure at sub-$1,000 PSF, dual-MRT connectivity, and decent unit sizes — and who are comfortable owning in Geylang for the long run.

The development is least compelling for buyers who are sensitive to the Geylang address from a social or lifestyle perspective, for buyers who want a lifestyle-grade amenity experience, or for those with a short hold horizon expecting rapid capital appreciation. For that profile, paying up for comparable freehold products in Guillemard (near District 15), Tanjong Katong, or the Paya Lebar fringe will deliver a cleaner address at a higher PSF entry cost.

The freehold title genuinely matters here. When comparing Wing Fong Mansions against Geylang-area leasehold new launches or even 99-year condos elsewhere in D14, the permanent tenure means no CPF timing constraints, no lease decay considerations at resale, and no structural erosion of the land value base. At sub-$1M average prices, Wing Fong Mansions is one of the few remaining freehold entry points in Singapore for buyers who cannot afford the $1.5M–$2M+ threshold that D9/D10/D11 freehold now requires.

Frequently Asked Questions

Is Lorong 14 Geylang safe?
Lorong 14 is a residential lorong in the part of Geylang outside the primary red-light and entertainment zone, which is concentrated on even-numbered lorongs between Lorong 10 and Lorong 22. Day-to-day, the immediate Lorong 14 residential environment is quiet. That said, Geylang as a whole is a mixed-use neighbourhood with visible nightlife, street activity, and a broader reputation that some buyers and tenants find uncomfortable regardless of the specific address. Prospective buyers and tenants should visit Lorong 14 and the surrounding blocks in both daytime and evening to form their own assessment before committing.
Which MRT stations serve Wing Fong Mansions?
Two MRT stations are within easy walking distance: Mountbatten MRT (CC7) on the Circle Line is approximately a 7-minute walk, and Aljunied MRT (EW9) on the East West Line is approximately a 10-minute walk. The dual-line access is a genuine connectivity advantage — Circle Line provides direct links to Marina Bay, Dhoby Ghaut, Paya Lebar, and HarbourFront, while the East West Line offers fast CBD access to Raffles Place (approximately 10 minutes) and direct services to Changi Airport (approximately 25–30 minutes). Paya Lebar interchange (CC9/EW8) is two stops on either line.
What unit types and sizes are available?
Wing Fong Mansions offers 1-bedroom units at approximately 743 sqft, 2-bedroom units from 700 to 1,066 sqft, and 3-bedroom units from 1,109 to 1,270 sqft. The average implied unit size across the development is approximately 1,103 sqft. These are substantially larger than comparable-price new launch alternatives in D14 or D15, where 2-bedroom units at sub-$1.1M absolute price would typically deliver 500–650 sqft. The 1-bedroom tier at 743 sqft is particularly generous — functionally comparable to a 2-bedroom studio in most contemporary new launch products.
What is the rental yield at Wing Fong Mansions?
Based on an average monthly rent of approximately $3,585 and an average sale price of approximately $1,091,479, the implied gross yield is approximately 3.9–4.6%. Property portals report the current yield at 4.6%. This yield profile is significantly above the 2.0–3.0% typical of CCR freehold developments and above the 3.0–3.5% typical of RCR freehold mid-market products — reflecting both the lower entry price and the strong rental demand generated by Geylang’s central location, dual MRT access, and competitive rent levels.
Is Wing Fong Mansions a good en-bloc candidate?
Wing Fong Mansions is a freehold development, which changes the en-bloc calculus versus leasehold properties: there is no lease-decay urgency driving owners to sell, but the freehold land value in a central D14 location is a genuine collective sale asset. The URA Master Plan has flagged Geylang for long-term urban rationalisation, which could increase land development value for collective sale purposes. At 218 units, the development has a manageable consent threshold, but en-bloc outcomes depend on owner alignment, land values, and developer appetite at the time of any future attempt. It is a possible long-term catalyst, not a reliable investment premise.
How does Wing Fong Mansions compare to other D14 freehold condos?
Wing Fong Mansions is among the most affordable freehold condos per PSF in D14 and in Singapore as a whole. Nearby Guillemard Edge (completed 2013, freehold) trades at approximately $1,200–$1,400 PSF, reflecting its newer build vintage and more extensive facilities. Arena Residences (completed 2019, freehold, Guillemard Lane fringe) averages approximately $2,213 PSF, representing the premium end of the D14 freehold market. Wing Fong Mansions at $989 PSF trades at a significant discount to both, primarily reflecting the Geylang neighbourhood context and the 1997 build vintage.