HARBOUR SUITES

KAMPONG BAHRU ROAD
RESALE CONDODistrict 04
HarbourFront MRT · 14 min walk (1089m)RCRFreehold
Gross Yield
3.9%
Median Rent
$3,201
per month
Total Units
44
2Y PSF Change
+1.5%
1 txns in 24m
Median PSF
1,636
0.6% QoQ
Total Sales
8
since 2022-09
Price Range
$700k$1.6M
all-time
Unit Size
619 sqft
Floors 111

UrbanLens Analysis

HARBOUR SUITES trades at $1,667 PSF, sitting NaN% below the District 04 median of $0 PSF. At 14 minutes from HarbourFront MRT (1089m), transit access is passable but not a differentiator.

Prices have essentially flatlined over two years (+1.5%), suggesting a market in equilibrium. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals.

Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. At 3.9% gross yield versus the RCR average of 0.0%, rental returns are above-market. The $3,201/month median rent makes this genuinely compelling for income investors.

A boutique 44-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.

PSF Trend

Quarterly
1,555
2022-Q3
1,678
2022-Q4
1,539
2023-Q1
1,657
2023-Q3
1,667
2025-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Jul 2025
DatePriceSizePSFFloor
Jul 2025$700,000420 sqft$1,66701-05
Aug 2023$770,000420 sqft$1,83406-10
Aug 2023$1,237,500753 sqft$1,64206-10
Jul 2023$999,000603 sqft$1,65706-10
Mar 2023$1,580,0001,098 sqft$1,43911-15
Feb 2023$988,000603 sqft$1,63901-05
Nov 2022$885,000527 sqft$1,67801-05
Sep 2022$820,000527 sqft$1,55511-15
Showing 8 of 8 transactions

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