THE CARPMAELINA

CARPMAEL ROAD
RESALE CONDODistrict 15
Paya Lebar MRT · 10 min walk (820m)RCRFreehold
Total Units
52
2Y PSF Change
+9.7%
2 txns in 24m
vs District
-9%
D15 median: $1,689
Median PSF
1,394
▼ 19.3% QoQ
Total Sales
11
since 2021-03
Price Range
$1.2M–$2.6M
all-time
Unit Size
1,363 sqft
Floors 1–1
PSF MOVEMENT ALERT — 2025-Q4
Median PSF fell 19.3% quarter-on-quarter (from $1,703 in 2024-Q4 to $1,375 in 2025-Q4). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

THE CARPMAELINA commands $1,539 PSF -- 9% below what District 15 typically fetches ($1,689 PSF). Paya Lebar MRT is 820m away (10-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 52% discount is worth examining closely.

Prices are up 9.7% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, TEMBUSU GRAND has lost 1.7% over the same period.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

The 52-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
EMERALD OF KATONG$2,628—0.0%
THE CONTINUUM$2,869—+5.0%
GRAND DUNMAN$2,533—+0.4%
TEMBUSU GRAND$2,419—-1.7%
MEYER BLUE$3,205—0.0%

PSF Trend

Quarterly
1,278
2021-Q1
1,255
2021-Q2
1,307
2021-Q3
1,327
2022-Q2
1,480
2023-Q2
1,703
2024-Q4
1,375
2025-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Dec 2025
DatePriceSizePSFFloor
Dec 2025$2,650,0001,927 sqft$1,37501-05
Oct 2024$2,200,0001,292 sqft$1,70301-05
Jun 2023$2,200,0001,927 sqft$1,14201-05
Apr 2023$1,838,0001,195 sqft$1,53801-05
Apr 2023$1,800,0001,216 sqft$1,48001-05
Jun 2022$1,300,000980 sqft$1,32701-05
Sep 2021$1,590,0001,216 sqft$1,30701-05
Aug 2021$1,200,000904 sqft$1,32701-05
Aug 2021$2,130,0001,927 sqft$1,10501-05
Apr 2021$1,500,0001,195 sqft$1,25501-05
Showing 10 of 11 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 $1,394 PSF median
Get Valuation →
🗺️
Explore on Map
See nearby condos, compare PSF trends
Open Map