ONE AKYAB

AKYAB ROAD
RESALE CONDODistrict 11
Novena MRT · 6 min walk (499m)CCRFreehold
Total Units
19
2Y PSF Change
+5.6%
1 txns in 24m
vs District
-30%
D11 median: $1,983
Median PSF
1,301
5.6% QoQ
Total Sales
4
since 2021-06
Price Range
$2.3M$2.5M
all-time
Unit Size
1,830 sqft
Floors 16

UrbanLens Analysis

ONE AKYAB commands $1,385 PSF -- 30% below what District 11 typically fetches ($1,983 PSF). Novena MRT is 499m away (6-min walk), functional but not a headline selling point. Against WATTEN HOUSE at $3,264 PSF, the 58% discount is worth examining closely.

Prices are up 5.6% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARK INFINIA AT WEE NAM has gained 4.3% 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 19-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
WATTEN HOUSE$3,264+1.8%
SANCTUARY@NEWTON$2,691+1.7%
AMARYLLIS VILLE$2,0603.0%+8.8%
PARK INFINIA AT WEE NAM$2,4252.7%+4.3%
SOLEIL @ SINARAN$2,0703.3%+4.4%

PSF Trend

Quarterly
1,246
2021-Q2
1,262
2021-Q4
1,312
2022-Q1
1,385
2024-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Mar 2024
DatePriceSizePSFFloor
Mar 2024$2,535,0001,830 sqft$1,38506-10
Mar 2022$2,400,0001,830 sqft$1,31201-05
Oct 2021$2,308,8881,830 sqft$1,26201-05
Jun 2021$2,280,0001,830 sqft$1,24606-10
Showing 4 of 4 transactions

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