RITZ REGENCY

IPOH LANE
RESALE CONDODistrict 15
Dakota MRT · 9 min walk (689m)RCRFreehold
Total Units
27
2Y PSF Change
+14.4%
1 txns in 24m
vs District
+6%
D15 median: $1,689
Median PSF
1,493
14.4% QoQ
Total Sales
6
since 2021-03
Price Range
$1.6M$2.1M
all-time
Unit Size
1,207 sqft
Floors 111
PSF MOVEMENT ALERT — 2024-Q2
Median PSF rose 14.4% quarter-on-quarter (from $1,558 in 2022-Q3 to $1,783 in 2024-Q2). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

RITZ REGENCY commands $1,783 PSF -- 6% above what District 15 typically fetches ($1,689 PSF). Dakota MRT is 689m away (9-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 44% discount is worth examining closely.

Prices are up 14.4% 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, TEMBUSU GRAND has lost 1.7% 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 27-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.

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
1,360
2021-Q1
1,423
2021-Q2
1,413
2021-Q3
1,558
2022-Q3
1,783
2024-Q2

Recent Transactions

Data refreshed monthly · Last transaction: Apr 2024
DatePriceSizePSFFloor
Apr 2024$2,130,0001,195 sqft$1,78311-15
Aug 2022$1,978,8881,270 sqft$1,55811-15
Aug 2021$1,688,0001,195 sqft$1,41301-05
Jun 2021$1,700,0001,195 sqft$1,42311-15
May 2021$1,700,0001,195 sqft$1,42311-15
Mar 2021$1,625,0001,195 sqft$1,36011-15
Showing 6 of 6 transactions

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