THE ATELIER

MAKEWAY AVENUE
RESALE CONDODistrict 09
Newton MRT · 5 min walk (404m)CCRFreehold
Gross Yield
3.2%
District avg: 3.0%
Median Rent
$6,496
per month
Total Units
120
2Y PSF Change
+10.3%
1 txns in 24m
vs District
+34%
D09 median: $2,215
Median PSF
2,746
8.3% QoQ
Total Sales
121
since 2021-03
Price Range
$1.4M$4.5M
all-time
Unit Size
953 sqft
Floors 621
PSF MOVEMENT ALERT — 2025-Q4
Median PSF rose 8.3% quarter-on-quarter (from $2,738 in 2023-Q3 to $2,966 in 2025-Q4). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $2,966 PSF, THE ATELIER prices 34% above the District 09 median. Compare that to THE ROBERTSON OPUS at $3,359 PSF -- a 12% premium that buyers need to justify. Being 5 minutes on foot from Newton MRT (404m) adds genuine convenience and supports the pricing.

The 10.3% gain in two years signals steady demand -- solid, not speculative. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, HILL HOUSE has gained 1.3% 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. Gross yield of 3.2% tracks the CCR average of 3.0%. At $6,496/month median rent, income is market-rate -- neither a standout nor a weakness.

At 120 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
RIVER GREEN$3,1250.0%
THE ROBERTSON OPUS$3,3590.0%
THE COLLECTIVE AT ONE SOPHIA$2,7670.0%
SOPHIA HILLS$2,1283.9%+3.6%
HILL HOUSE$3,081+1.3%

PSF Trend

Quarterly
2,538
2022-Q1
2,555
2022-Q2
2,620
2022-Q3
2,785
2022-Q4
2,742
2023-Q1
2,676
2023-Q2
2,738
2023-Q3
2,966
2025-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Dec 2025
DatePriceSizePSFFloor
Dec 2025$3,480,0001,173 sqft$2,96611-15
Aug 2023$1,498,000549 sqft$2,72921-25
Jul 2023$1,508,000549 sqft$2,74721-25
Jul 2023$3,341,5201,281 sqft$2,60906-10
Jul 2023$1,538,000549 sqft$2,80216-20
Jul 2023$1,528,000549 sqft$2,78321-25
Jul 2023$1,490,580549 sqft$2,71511-15
Jun 2023$3,181,9001,281 sqft$2,48406-10
Jun 2023$4,032,2101,496 sqft$2,69521-25
Jun 2023$4,004,9101,496 sqft$2,67716-20
Showing 10 of 121 transactions

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