LE LOYANG

JALAN LOYANG BESAR
RESALE CONDODistrict 17
Pasir Ris MRT · 12 min walk (963m)OCR999 yrs lease commencing from 1885
Total Units
24
2Y PSF Change
+3.7%
1 txns in 24m
vs District
-17%
D17 median: $1,183
Lease Remaining
858 yrs
999 yrs lease commencing from 1885
Median PSF
952
1.8% QoQ
Total Sales
4
since 2021-09
Price Range
$999k$1.4M
all-time
Unit Size
1,273 sqft
Floors 11

UrbanLens Analysis

At $983 PSF, LE LOYANG prices 17% below the District 17 median. Compare that to KASSIA at $2,065 PSF -- a 52% premium that buyers need to justify. The 12-minute walk to Pasir Ris MRT (963m) is workable, though not the kind of proximity that commands a premium on its own.

The +3.7% two-year price movement is negligible -- neither bullish nor bearish. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARC OLYMPIA has gained 7.2% over the same period.

The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.

At just 24 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
COASTAL CABANA$1,7900.0%
KASSIA$2,0650.0%
HEDGES PARK CONDOMINIUM$1,2744.3%+11.0%
PARC OLYMPIA$1,1924.5%+7.2%
THE INFLORA$1,3204.1%+4.5%

PSF Trend

Quarterly
928
2021-Q3
929
2022-Q1
966
2023-Q4
983
2024-Q2

Recent Transactions

Data refreshed monthly · Last transaction: May 2024
DatePriceSizePSFFloor
May 2024$1,100,0001,119 sqft$98301-05
Oct 2023$1,290,0001,335 sqft$96601-05
Mar 2022$1,450,0001,561 sqft$92901-05
Sep 2021$999,0001,076 sqft$92801-05
Showing 4 of 4 transactions

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