THE WATERINA

LORONG 40 GEYLANG
RESALE CONDODistrict 14
Dakota MRT · 6 min walk (518m)RCRFreehold
Gross Yield
2.6%
Median Rent
$5,766
per month
Total Units
398
2Y PSF Change
+13.4%
16 txns in 24m
Median PSF
1,891
14.1% QoQ
Total Sales
53
since 2021-03
Price Range
$970k$3.5M
all-time
Unit Size
1,160 sqft
Floors 16
PSF MOVEMENT ALERT — 2025-Q4
Median PSF fell 14.1% quarter-on-quarter (from $2,098 in 2025-Q3 to $1,803 in 2025-Q4). Only 3 transactions this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

At $1,915 PSF, THE WATERINA prices NaN% below the District 14 median. The 6-minute walk to Dakota MRT (518m) is workable, though not the kind of proximity that commands a premium on its own.

The 13.4% gain in two years signals steady demand -- solid, not speculative. With 16 deals in two years, the pricing data has reasonable statistical weight.

The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. At 2.6% gross yield versus the RCR average of 0.0%, rental returns are above-market. The $5,766/month median rent makes this genuinely compelling for income investors.

With 398 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.

PSF Trend

Quarterly
1,895
2024-Q1
1,888
2024-Q2
1,994
2024-Q3
1,830
2024-Q4
1,740
2025-Q1
1,881
2025-Q2
2,098
2025-Q3
1,803
2025-Q4

Recent Transactions

Data refreshed monthly · Last transaction: Nov 2025
DatePriceSizePSFFloor
Nov 2025$2,960,0001,765 sqft$1,67701-05
Nov 2025$2,610,0001,302 sqft$2,00406-10
Nov 2025$2,775,0001,539 sqft$1,80301-05
Sep 2025$2,250,0001,066 sqft$2,11101-05
Sep 2025$2,850,0001,367 sqft$2,08501-05
May 2025$1,235,000710 sqft$1,73806-10
Apr 2025$2,700,0001,335 sqft$2,02306-10
Mar 2025$1,105,000635 sqft$1,74006-10
Dec 2024$2,510,0001,292 sqft$1,94301-05
Oct 2024$1,930,0001,055 sqft$1,83006-10
Showing 10 of 53 transactions

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