FLORA EAST

JOO CHIAT PLACE
RESALE CONDODistrict 15
Eunos MRT · 8 min walk (649m)RCRFreehold
Total Units
28
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,177
12.3% QoQ
Total Sales
5
since 2021-07
Price Range
$1.6M$1.9M
all-time
Unit Size
1,423 sqft
Floors 11
PSF MOVEMENT ALERT — 2024-Q1
Median PSF rose 12.3% quarter-on-quarter (from $1,152 in 2022-Q2 to $1,294 in 2024-Q1). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

FLORA EAST trades at $0 PSF, roughly in line with the D15 median ($1,689). At 8 minutes to Eunos MRT, connectivity is serviceable but falls short of the doorstep premium bracket. In this pocket, TEMBUSU GRAND commands $2,419 PSF while GRAND DUNMAN sits at $2,533, placing FLORA EAST in the value tier.

Extremely thin liquidity is a red flag, with 0 transactions over 24 months showing 100% decline. That trails THE CONTINUUM's 5% gain, suggesting relative underperformance.

No rental yield data is available, making it harder to assess the income case. The freehold tenure removes lease-decay risk entirely — a structural advantage that compounds over longer holding periods.

Verdict: neutral. At today's price, this is neither compelling nor avoidable. Against EMERALD OF KATONG at $2,628 PSF, FLORA EAST offers genuine value. With only 28 units, a single distressed sale can move the needle on valuations. At 100% below the RCR median of $1,680, pricing reflects relative value within the segment. D15 has 343 active condos — a crowded field where differentiation matters.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
EMERALD OF KATONG$2,6280.0%
THE CONTINUUM$2,869+5.0%
GRAND DUNMAN$2,533+0.4%
TEMBUSU GRAND$2,419-1.7%
MEYER BLUE$3,2050.0%

PSF Trend

Quarterly
1,152
2021-Q3
1,152
2022-Q2
1,294
2024-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Feb 2024
DatePriceSizePSFFloor
Feb 2024$1,880,0001,453 sqft$1,29401-05
Apr 2022$1,674,0001,453 sqft$1,15201-05
Sep 2021$1,580,0001,356 sqft$1,16501-05
Aug 2021$1,690,0001,507 sqft$1,12101-05
Jul 2021$1,550,0001,346 sqft$1,15201-05
Showing 5 of 5 transactions

Location

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