MALVERN SPRINGS

ONAN ROAD
RESALE CONDODistrict 15
Marine Parade MRT · 5 min walk (404m)RCRFreehold
Total Units
75
2Y PSF Change
+58.5%
3 txns in 24m
vs District
+29%
D15 median: $1,689
Median PSF
1,696
20.6% QoQ
Total Sales
8
since 2021-07
Price Range
$1.6M$3.3M
all-time
Unit Size
1,636 sqft
Floors 11
PSF MOVEMENT ALERT — 2025-Q2
Median PSF fell 20.6% quarter-on-quarter (from $2,175 in 2025-Q1 to $1,726 in 2025-Q2). Only 2 transactions this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

MALVERN SPRINGS trades at $2,175 PSF, sitting 29% above the District 15 median of $1,689 PSF. The 5-minute walk to Marine Parade MRT (404m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 32% gap frames MALVERN SPRINGS's relative value proposition.

A 58.5% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE CONTINUUM has gained 5.0% over the same period.

Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. 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 75 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
EMERALD OF KATONG$2,6280.0%
THE CONTINUUM$2,869+5.0%
GRAND DUNMAN$2,533+0.4%
TEMBUSU GRAND$2,419-1.7%
MEYER BLUE$3,2050.0%

PSF Trend

Quarterly
1,333
2021-Q3
1,020
2022-Q1
1,344
2022-Q4
1,858
2023-Q2
2,175
2025-Q1
1,726
2025-Q2

Recent Transactions

Data refreshed monthly · Last transaction: May 2025
DatePriceSizePSFFloor
May 2025$2,218,000980 sqft$2,26401-05
Apr 2025$3,300,0002,777 sqft$1,18801-05
Feb 2025$2,880,0001,324 sqft$2,17501-05
May 2023$1,820,000980 sqft$1,85801-05
Dec 2022$2,000,0002,077 sqft$96301-05
Oct 2022$1,690,000980 sqft$1,72501-05
Mar 2022$2,788,8882,734 sqft$1,02001-05
Jul 2021$1,650,0001,238 sqft$1,33301-05
Showing 8 of 8 transactions

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