MARINE VILLE

MARINE PARADE
RESALE CONDODistrict 15
Marine Parade MRT · 4 min walk (285m)RCRFreehold
Total Units
20
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,603
11.1% QoQ
Total Sales
2
since 2022-05
Price Range
$1.6M$1.9M
all-time
Unit Size
1,087 sqft
Floors 11
PSF MOVEMENT ALERT — 2023-Q3
Median PSF rose 11.1% quarter-on-quarter (from $1,519 in 2022-Q2 to $1,687 in 2023-Q3). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

MARINE VILLE is a freehold boutique 20-unit development on MARINE PARADE in the East Coast lifestyle belt (RCR), just 4 minutes on foot from Marine Parade MRT. 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 20 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. City-fringe locations typically attract steady rental demand from professionals, but without concrete data, investors cannot size the income component of total returns.

Freehold RCR stock is becoming scarcer as government land sales create almost exclusively leasehold supply. MARINE VILLE benefits from this structural tailwind and should hold value better than leasehold peers through corrections.

PSF Trend

Quarterly
1,519
2022-Q2
1,687
2023-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Sep 2023
DatePriceSizePSFFloor
Sep 2023$1,580,000936 sqft$1,68701-05
May 2022$1,880,0001,238 sqft$1,51901-05
Showing 2 of 2 transactions

Location

Open in full map

Own a unit here?

Get an instant valuation based on real transaction data for your floor and unit size.

🏠
Check Your Value
Floor-adjusted valuation based on $1,603 PSF median
Get Valuation →
🗺️
Explore on Map
See nearby condos, compare PSF trends
Open Map