SEA AVENUE MANSIONS

SEA AVENUE
RESALE CONDODistrict 15
Marine Parade MRT · 5 min walk (384m)RCRFreehold
Total Units
19
2Y PSF Change
+24.3%
1 txns in 24m
vs District
+13%
D15 median: $1,689
Median PSF
1,722
24.3% QoQ
Total Sales
2
since 2023-08
Price Range
$1.9M$2.3M
all-time
Unit Size
1,206 sqft
Floors 11
PSF MOVEMENT ALERT — 2024-Q3
Median PSF rose 24.3% quarter-on-quarter (from $1,535 in 2023-Q3 to $1,908 in 2024-Q3). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

SEA AVENUE MANSIONS commands $1,908 PSF -- 13% above what District 15 typically fetches ($1,689 PSF). Marine Parade MRT sits just 384m away (5-min walk), a clear connectivity win. Against MEYER BLUE at $3,205 PSF, the 40% discount is worth examining closely.

Prices have surged 24.3% in two years. That is strong performance, though buyers entering now face elevated downside risk. 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. 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 19 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.

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
1,535
2023-Q3
1,908
2024-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Sep 2024
DatePriceSizePSFFloor
Sep 2024$2,300,0001,206 sqft$1,90801-05
Aug 2023$1,850,0001,206 sqft$1,53501-05
Showing 2 of 2 transactions

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