CITY EDGE

MOULMEIN RISE
RESALE CONDODistrict 11
Novena MRT · 4 min walk (331m)CCRFreehold
Total Units
49
2Y PSF Change
+11.8%
1 txns in 24m
vs District
+1%
D11 median: $1,983
Median PSF
1,804
10.1% QoQ
Total Sales
6
since 2022-03
Price Range
$1.4M$2.3M
all-time
Unit Size
883 sqft
Floors 111
PSF MOVEMENT ALERT — 2025-Q1
Median PSF rose 10.1% quarter-on-quarter (from $1,814 in 2023-Q2 to $1,997 in 2025-Q1). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

CITY EDGE commands $1,997 PSF -- 1% above what District 11 typically fetches ($1,983 PSF). Novena MRT sits just 331m away (4-min walk), a clear connectivity win. Against WATTEN HOUSE at $3,264 PSF, the 39% discount is worth examining closely.

Prices are up 11.8% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARK INFINIA AT WEE NAM has gained 4.3% over the same period.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

A boutique 49-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
WATTEN HOUSE$3,264+1.8%
SANCTUARY@NEWTON$2,691+1.7%
AMARYLLIS VILLE$2,0603.0%+8.8%
PARK INFINIA AT WEE NAM$2,4252.7%+4.3%
SOLEIL @ SINARAN$2,0703.3%+4.4%

PSF Trend

Quarterly
1,786
2022-Q1
1,641
2022-Q2
1,792
2023-Q1
1,814
2023-Q2
1,997
2025-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2025
DatePriceSizePSFFloor
Jan 2025$2,300,0001,152 sqft$1,99711-15
May 2023$1,503,888829 sqft$1,81406-10
Mar 2023$1,460,000829 sqft$1,76206-10
Jan 2023$1,510,000829 sqft$1,82211-15
May 2022$1,360,000829 sqft$1,64101-05
Mar 2022$1,480,000829 sqft$1,78611-15
Showing 6 of 6 transactions

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