FORTE SUITES

MERGUI ROAD
RESALE CONDODistrict 08
Farrer Park MRT · 8 min walk (603m)RCRFreehold
Gross Yield
3.7%
District avg: 3.8%
Median Rent
$3,864
per month
Total Units
108
2Y PSF Change
+0.4%
11 txns in 24m
vs District
+14%
D08 median: $1,607
Median PSF
1,850
5.1% QoQ
Total Sales
20
since 2022-06
Price Range
$800k$1.4M
all-time
Unit Size
632 sqft
Floors 121

UrbanLens Analysis

At $1,825 PSF, FORTE SUITES prices 14% above the District 08 median. Compare that to STURDEE RESIDENCES at $2,122 PSF -- a 14% premium that buyers need to justify. The 8-minute walk to Farrer Park MRT (603m) is workable, though not the kind of proximity that commands a premium on its own.

The +0.4% two-year price movement is negligible -- neither bullish nor bearish. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, CITY SQUARE RESIDENCES has gained 6.7% over the same period.

The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Gross yield of 3.7% tracks the RCR average of 3.5%. At $3,864/month median rent, income is market-rate -- neither a standout nor a weakness.

At 108 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
STURDEE RESIDENCES$2,1223.9%+7.6%
CITYLIGHTS$1,9213.4%+8.6%
CITY SQUARE RESIDENCES$2,0722.9%+6.7%
CITYSCAPE @FARRER PARK$1,6772.8%+7.9%
KERRISDALE$1,6163.3%+17.4%

PSF Trend

Quarterly
1,335
2024-Q2
1,874
2024-Q3
1,808
2024-Q4
1,689
2025-Q1
2,026
2025-Q2
1,851
2025-Q3
1,817
2025-Q4
1,909
2026-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2026
DatePriceSizePSFFloor
Jan 2026$1,290,000624 sqft$2,06621-25
Jan 2026$1,150,000657 sqft$1,75101-05
Dec 2025$802,000441 sqft$1,81706-10
Sep 2025$1,255,000678 sqft$1,85111-15
Apr 2025$1,265,000624 sqft$2,02616-20
Feb 2025$800,000474 sqft$1,68901-05
Nov 2024$1,170,000678 sqft$1,72506-10
Nov 2024$1,160,000614 sqft$1,89106-10
Aug 2024$1,100,000603 sqft$1,82511-15
Jul 2024$1,180,000614 sqft$1,92311-15
Showing 10 of 20 transactions

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