AVANT RESIDENCES

ALJUNIED ROAD
RESALE CONDODistrict 14
Aljunied MRT · 4 min walk (319m)RCR99 yrs lease commencing from 2012
Gross Yield
5.4%
District avg: 4.2%
Median Rent
$3,049
per month
Total Units
50
2Y PSF Change
-2.7%
1 txns in 24m
vs District
+1%
D14 median: $1,488
Lease Remaining
85 yrs
99 yrs lease commencing from 2012
Median PSF
1,466
0.2% QoQ
Total Sales
7
since 2021-03
Price Range
$600k$830k
all-time
Unit Size
512 sqft
Floors 16

UrbanLens Analysis

At $1,507 PSF, AVANT RESIDENCES prices 1% above the District 14 median. Compare that to PARC ESTA at $2,271 PSF -- a 34% premium that buyers need to justify. Being 4 minutes on foot from Aljunied MRT (319m) adds genuine convenience and supports the pricing.

A 2.7% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARK PLACE RESIDENCES AT PLQ has gained 4.8% over the same period.

Roughly 85 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 5.4% beats the RCR average of 3.5%. With $3,049/month median rent, income-focused buyers have a real case here.

At just 50 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
PARC ESTA$2,2713.6%+7.8%
PENROSE$2,0923.3%+18.8%
SIMS URBAN OASIS$1,9034.0%+11.3%
EUHABITAT$1,4144.2%+3.1%
PARK PLACE RESIDENCES AT PLQ$2,2543.8%+4.8%

PSF Trend

Quarterly
1,051
2021-Q1
986
2021-Q2
1,703
2023-Q2
1,522
2023-Q3
1,574
2023-Q4
1,504
2024-Q1
1,507
2024-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2024
DatePriceSizePSFFloor
Nov 2024$600,000398 sqft$1,50701-05
Jan 2024$680,000452 sqft$1,50406-10
Dec 2023$830,000527 sqft$1,57406-10
Jul 2023$803,000527 sqft$1,52201-05
Apr 2023$660,000388 sqft$1,70306-10
Jun 2021$690,000700 sqft$98601-05
Mar 2021$622,000592 sqft$1,05101-05
Showing 7 of 7 transactions

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