JEWEL OF BALMORAL

BALMORAL PARK
RESALE CONDODistrict 10
Stevens MRT · 6 min walk (487m)CCRFreehold
Total Units
16
2Y PSF Change
-2.0%
2 txns in 24m
vs District
+2%
D10 median: $2,197
Median PSF
2,147
1.7% QoQ
Total Sales
6
since 2021-06
Price Range
$1.6M$3.1M
all-time
Unit Size
1,171 sqft
Floors 16

UrbanLens Analysis

JEWEL OF BALMORAL commands $2,249 PSF -- 2% above what District 10 typically fetches ($2,197 PSF). Stevens MRT is 487m away (6-min walk), functional but not a headline selling point. Against 19 NASSIM at $3,381 PSF, the 33% discount is worth examining closely.

The 2.0% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, CUSCADEN RESERVE has lost 19.9% 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 16-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
SKYE AT HOLLAND$2,9490.0%
UPPERHOUSE AT ORCHARD BOULEVARD$3,3090.0%
CUSCADEN RESERVE$3,0243.2%-19.9%
D'LEEDON$2,0443.2%+10.0%
19 NASSIM$3,381-2.1%

PSF Trend

Quarterly
1,956
2021-Q2
1,932
2021-Q3
2,200
2022-Q1
2,296
2023-Q3
2,268
2024-Q2
2,230
2024-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Dec 2024
DatePriceSizePSFFloor
Dec 2024$3,000,0001,346 sqft$2,23001-05
Apr 2024$1,880,000829 sqft$2,26801-05
Aug 2023$3,088,8881,346 sqft$2,29606-10
Feb 2022$2,960,0001,346 sqft$2,20006-10
Jul 2021$2,600,0001,346 sqft$1,93201-05
Jun 2021$1,600,000818 sqft$1,95601-05
Showing 6 of 6 transactions

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