JK BUILDING

JALAN JURONG KECHIL
RESALE CONDODistrict 21
Beauty World MRT · 2 min walk (180m)RCRFreehold
Total Units
9
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,242
26.0% QoQ
Total Sales
3
since 2022-10
Price Range
$2.1M$2.5M
all-time
Unit Size
1,930 sqft
Floors 11
PSF MOVEMENT ALERT — 2023-Q3
Median PSF rose 26.0% quarter-on-quarter (from $1,126 in 2023-Q2 to $1,419 in 2023-Q3). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

JK BUILDING sits just 2 minutes from Beauty World MRT on Jalan Jurong Kechil in D21 (Clementi/Upper Bukit Timah). This boutique 9-unit RCR project. The D21 neighbourhood ranges from KI RESIDENCES AT BROOKVALE ($2,242) to 8@BT ($2,727) — the competitive set to watch.

The -100.0% decline over 24 months (0 transactions) is a warning sign in a market where most condos have appreciated. Contrast that with KI RESIDENCES AT BROOKVALE at +10.0%. Freehold tenure eliminates lease decay risk and keeps CPF/financing fully accessible indefinitely — a structural edge over 99-year neighbours.

No rental data available for JK BUILDING, but D21 averages 2.97% gross yield for reference. Nearby KI RESIDENCES AT BROOKVALE achieves 2.89% yield as a reference point. The compact 9-unit format means limited resale activity — buyers should expect longer holding periods and fewer price discovery points.

Bottom line: JK BUILDING is in a correction. The discount may be opportunity, but validate the cause before buying into weakness — falling prices in a rising market deserve scrutiny. Watch for: just 9 units means thin resale liquidity; negative price momentum.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
NAVA GROVE$2,4780.0%
PINETREE HILL$2,543+6.4%
8@BT$2,7270.0%
THE SEN$2,3380.0%
KI RESIDENCES AT BROOKVALE$2,2422.9%+10.0%

PSF Trend

Quarterly
1,182
2022-Q4
1,126
2023-Q2
1,419
2023-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Aug 2023
DatePriceSizePSFFloor
Aug 2023$2,520,0001,776 sqft$1,41901-05
May 2023$2,520,0002,239 sqft$1,12601-05
Oct 2022$2,100,0001,776 sqft$1,18201-05
Showing 3 of 3 transactions

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