ROYCE RESIDENCES

LORONG 6 GEYLANG
RESALE CONDODistrict 14
Kallang MRT · 6 min walk (496m)RCRFreehold
Total Units
40
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
1,333
▼ 16.8% QoQ
Total Sales
9
since 2021-04
Price Range
$535k–$960k
all-time
Unit Size
501 sqft
Floors 1–6
PSF MOVEMENT ALERT — 2023-Q4
Median PSF fell 16.8% quarter-on-quarter (from $1,469 in 2023-Q3 to $1,222 in 2023-Q4). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

ROYCE RESIDENCES is a freehold boutique 40-unit development on LORONG 6 GEYLANG in the Geylang-Eunos city fringe (RCR), a 6-minute walk from Kallang MRT. Freehold tenure is the standout structural feature -- no lease decay, no CPF restrictions, and perpetual land value underpinning the asset even when transaction data is thin.

Transaction volume has been effectively zero in recent periods, which makes any pricing assessment speculative at best. With only 40 units, thin liquidity is structural rather than temporary -- this is a micro-market where a single motivated seller or buyer can move headline PSF dramatically.

Rental yield data is also missing, compounding the opacity. City-fringe locations typically attract steady rental demand from professionals, but without concrete data, investors cannot size the income component of total returns.

Freehold RCR stock is becoming scarcer as government land sales create almost exclusively leasehold supply. ROYCE RESIDENCES benefits from this structural tailwind and should hold value better than leasehold peers through corrections.

PSF Trend

Quarterly
1,277
2021-Q2
1,298
2021-Q4
1,308
2022-Q1
1,296
2022-Q2
1,213
2022-Q3
1,469
2023-Q3
1,222
2023-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2023
DatePriceSizePSFFloor
Nov 2023$960,000786 sqft$1,22206-10
Sep 2023$680,000463 sqft$1,46901-05
Aug 2023$605,000420 sqft$1,44106-10
Aug 2023$613,000398 sqft$1,53901-05
Sep 2022$888,000732 sqft$1,21306-10
May 2022$600,000463 sqft$1,29601-05
Jan 2022$535,000409 sqft$1,30806-10
Oct 2021$545,000420 sqft$1,29806-10
Apr 2021$536,000420 sqft$1,27701-05
Showing 9 of 9 transactions

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