ORCHID APARTMENTS

ENG NEO AVENUE
RESALE CONDODistrict 11
Sixth Avenue MRT · 5 min walk (418m)CCRFreehold
Total Units
52
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,664
7.7% QoQ
Total Sales
10
since 2021-04
Price Range
$2.0M$2.4M
all-time
Unit Size
1,361 sqft
Floors 11

UrbanLens Analysis

ORCHID APARTMENTS on ENG NEO AVENUE in District 11 (Newton / Novena) has seen zero caveated transactions over the past 24 months. With the District 11 median at $1,983 PSF, there is no recent data to confirm where ORCHID APARTMENTS currently sits within the Core Central Region pricing hierarchy.

Freehold tenure is a structural positive, protecting against the lease-decay discount that erodes values in ageing leasehold estates nearby.

At 52 units, the development is small enough that extended quiet periods are normal, though prospective buyers should verify whether any en bloc potential exists.

For pricing context, WATTEN HOUSE trades at $3,264 PSF and SANCTUARY@NEWTON at $2,691 PSF. These benchmarks suggest ORCHID APARTMENTS would likely transact well below these newer developments, but the exact discount remains speculative until a deal clears.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
WATTEN HOUSE$3,264+1.8%
SANCTUARY@NEWTON$2,691+1.7%
AMARYLLIS VILLE$2,0603.0%+8.8%
PARK INFINIA AT WEE NAM$2,4252.7%+4.3%
SOLEIL @ SINARAN$2,0703.3%+4.4%

PSF Trend

Quarterly
1,467
2021-Q2
1,556
2021-Q3
1,590
2021-Q4
1,696
2022-Q2
1,644
2022-Q4
1,770
2024-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2024
DatePriceSizePSFFloor
Jan 2024$2,400,0001,356 sqft$1,77001-05
Oct 2022$2,300,0001,399 sqft$1,64401-05
Apr 2022$2,300,0001,356 sqft$1,69601-05
Dec 2021$2,300,0001,356 sqft$1,69601-05
Nov 2021$2,012,0001,356 sqft$1,48301-05
Sep 2021$2,300,0001,356 sqft$1,69601-05
Aug 2021$2,110,0001,356 sqft$1,55601-05
Aug 2021$2,018,0001,356 sqft$1,48801-05
May 2021$2,020,0001,356 sqft$1,48901-05
Apr 2021$1,960,0001,356 sqft$1,44501-05
Showing 10 of 10 transactions

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