LEITH GROVE

LEITH PARK
RESALE CONDODistrict 19
Kovan MRT · 15 min walk (1211m)OCRFreehold
Total Units
16
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,078
17.3% QoQ
Total Sales
3
since 2021-04
Price Range
$860k$1.2M
all-time
Unit Size
958 sqft
Floors 11
PSF MOVEMENT ALERT — 2023-Q4
Median PSF rose 17.3% quarter-on-quarter (from $1,011 in 2023-Q3 to $1,186 in 2023-Q4). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

LEITH GROVE is a freehold boutique 16-unit development on LEITH PARK in the Serangoon-Hougang heartland (OCR), 15 minutes on foot to Kovan MRT, a stretch in the heat. Freehold tenure is the standout structural feature -- no lease decay, no CPF restrictions, and perpetual land value underpinning the asset even when transaction data is thin.

Transaction volume has been effectively zero in recent periods, which makes any pricing assessment speculative at best. With only 16 units, thin liquidity is structural rather than temporary -- this is a micro-market where a single motivated seller or buyer can move headline PSF dramatically.

Rental yield data is also missing, compounding the opacity. Suburban rental demand tends to be price-sensitive, and without yield data, building a conviction case for this asset is difficult.

OCR dynamics are dominated by supply pipeline and interest-rate cycles. LEITH GROVE will largely track broader suburban sentiment, making entry price and holding period the key variables for investors.

PSF Trend

Quarterly
1,038
2021-Q2
1,011
2023-Q3
1,186
2023-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Dec 2023
DatePriceSizePSFFloor
Dec 2023$970,000818 sqft$1,18601-05
Aug 2023$1,240,0001,227 sqft$1,01101-05
Apr 2021$860,000829 sqft$1,03801-05
Showing 3 of 3 transactions

Location

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