STUDIO 3

SHANGHAI ROAD
RESALE CONDODistrict 10
Great World MRT · 9 min walk (712m)CCRFreehold
Total Units
66
2Y PSF Change
-4.3%
3 txns in 24m
vs District
-13%
D10 median: $2,197
Median PSF
1,845
24.6% QoQ
Total Sales
7
since 2021-05
Price Range
$1.1M$2.1M
all-time
Unit Size
898 sqft
Floors 116
PSF MOVEMENT ALERT — 2025-Q1
Median PSF rose 24.6% quarter-on-quarter (from $1,663 in 2024-Q2 to $2,072 in 2025-Q1). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $1,913 PSF, STUDIO 3 prices 13% below the District 10 median. Compare that to 19 NASSIM at $3,381 PSF -- a 43% premium that buyers need to justify. The 9-minute walk to Great World MRT (712m) is workable, though not the kind of proximity that commands a premium on its own.

A 4.3% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, D'LEEDON has gained 10.0% over the same period.

The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. 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 66 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
SKYE AT HOLLAND$2,9490.0%
UPPERHOUSE AT ORCHARD BOULEVARD$3,3090.0%
CUSCADEN RESERVE$3,0243.2%-19.9%
D'LEEDON$2,0443.2%+10.0%
19 NASSIM$3,381-2.1%

PSF Trend

Quarterly
1,833
2021-Q2
1,483
2022-Q4
2,000
2023-Q1
2,017
2024-Q1
1,663
2024-Q2
2,072
2025-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Mar 2025
DatePriceSizePSFFloor
Mar 2025$1,160,000560 sqft$2,07211-15
Apr 2024$1,050,000549 sqft$1,91311-15
Apr 2024$2,100,0001,485 sqft$1,41401-05
Jan 2024$1,780,000883 sqft$2,01716-20
Jan 2023$1,765,000883 sqft$2,00011-15
Nov 2022$1,548,0001,044 sqft$1,48316-20
May 2021$1,618,000883 sqft$1,83306-10
Showing 7 of 7 transactions

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