CITY STUDIOS

RACE COURSE LANE
RESALE CONDODistrict 08
Farrer Park MRT · 5 min walk (396m)RCRFreehold
Total Units
28
2Y PSF Change
-0.7%
1 txns in 24m
vs District
-13%
D08 median: $1,607
Median PSF
1,348
2.5% QoQ
Total Sales
5
since 2021-03
Price Range
$655k$1.4M
all-time
Unit Size
650 sqft
Floors 16

UrbanLens Analysis

CITY STUDIOS commands $1,398 PSF -- 13% below what District 08 typically fetches ($1,607 PSF). Farrer Park MRT sits just 396m away (5-min walk), a clear connectivity win. Against STURDEE RESIDENCES at $2,122 PSF, the 34% discount is worth examining closely.

Prices have essentially flatlined over two years (-0.7%), suggesting a market in equilibrium. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, CITYLIGHTS has gained 8.6% 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.

A boutique 28-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
STURDEE RESIDENCES$2,1223.9%+7.6%
CITYLIGHTS$1,9213.4%+8.6%
CITY SQUARE RESIDENCES$2,0722.9%+6.7%
CITYSCAPE @FARRER PARK$1,6772.8%+7.9%
KERRISDALE$1,6163.3%+17.4%

PSF Trend

Quarterly
1,277
2021-Q1
1,249
2021-Q4
1,383
2022-Q2
1,434
2023-Q2
1,398
2025-Q2

Recent Transactions

Data refreshed monthly · Last transaction: May 2025
DatePriceSizePSFFloor
May 2025$1,430,0001,023 sqft$1,39806-10
Apr 2023$710,000495 sqft$1,43401-05
Apr 2022$655,000474 sqft$1,38301-05
Oct 2021$820,000657 sqft$1,24901-05
Mar 2021$770,000603 sqft$1,27701-05
Showing 5 of 5 transactions

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