SHAW PLAZA - TWIN HEIGHTS

BALESTIER ROAD
RESALE CONDODistrict 12
Toa Payoh MRT · 12 min walk (959m)RCRFreehold
Gross Yield
2.6%
District avg: 3.7%
Median Rent
$5,158
per month
Total Units
132
2Y PSF Change
+20.4%
3 txns in 24m
vs District
+9%
D12 median: $1,562
Median PSF
1,500
9.0% QoQ
Total Sales
11
since 2021-08
Price Range
$1.5M$2.5M
all-time
Unit Size
1,388 sqft
Floors 116
PSF MOVEMENT ALERT — 2025-Q3
Median PSF rose 9.0% quarter-on-quarter (from $1,555 in 2023-Q3 to $1,695 in 2025-Q3). Only 3 transactions this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $1,695 PSF, SHAW PLAZA - TWIN HEIGHTS prices 9% above the District 12 median. Compare that to THE ORIE at $2,723 PSF -- a 38% premium that buyers need to justify. The 12-minute walk to Toa Payoh MRT (959m) is workable, though not the kind of proximity that commands a premium on its own.

The 20.4% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, EIGHT RIVERSUITES has gained 12.9% 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. The 2.6% yield trails the RCR average of 3.5%. At $5,158/month median rent, this is a capital-appreciation bet, not an income play.

The 132-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
THE ORIE$2,7230.0%
EIGHT RIVERSUITES$1,8584.2%+12.9%
GEM RESIDENCES$1,9453.6%+8.4%
TREVISTA$1,9022.7%+16.8%
THE ARCADY AT BOON KENG$2,617+1.6%

PSF Trend

Quarterly
1,380
2021-Q3
1,232
2021-Q4
1,408
2022-Q3
1,357
2023-Q1
1,555
2023-Q3
1,695
2025-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Sep 2025
DatePriceSizePSFFloor
Sep 2025$2,520,0001,421 sqft$1,77411-15
Jul 2025$2,408,0001,421 sqft$1,69516-20
Jul 2025$2,350,0001,421 sqft$1,65411-15
Aug 2023$2,210,0001,421 sqft$1,55506-10
Feb 2023$1,680,0001,238 sqft$1,35701-05
Aug 2022$2,000,0001,421 sqft$1,40811-15
Dec 2021$1,480,0001,238 sqft$1,19601-05
Dec 2021$1,750,0001,421 sqft$1,23206-10
Dec 2021$2,018,0001,421 sqft$1,42016-20
Sep 2021$2,000,0001,421 sqft$1,40806-10
Showing 10 of 11 transactions

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