We track 3 sales and 1 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the ELITE RESIDENCES dashboard.
- Average sale price: $3,106,667 across 3 transactions
- Estimated gross rental yield: 2.4%
- District 15 PSF ranking: Value tier (top 99%)
- Freehold tenure · OCR · D15
About ELITE RESIDENCES
ELITE RESIDENCES is a freehold condominium, located at ELITE TERRACE in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region).
As a freehold property, ELITE RESIDENCES does not face lease decay concerns.
Sales Market Overview
ELITE RESIDENCES has recorded 3 sale transactions with an average transaction price of $3,106,667, ranging from $2,900,000 to $3,320,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 1 | $809 psf | $3,100,000 | — |
| 2024 | 1 | $776 psf | $2,900,000 | ↓ 4.0% |
| 2025 | 1 | $866 psf | $3,320,000 | ↑ 11.6% |
ELITE RESIDENCES ranks in the top 99% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, ELITE RESIDENCES trades 47.3% below the segment benchmark.
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Rental Market Overview
ELITE RESIDENCES has recorded 1 rental transactions with monthly rents averaging $6,300/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 1 | $6,300/mo | $6,300/mo | $6,300/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2024 | 1 | $6,300/mo |
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Investment Analysis
Based on average rents and sale prices, ELITE RESIDENCES delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows ELITE RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- ELITE RESIDENCES
- Siglap MRT
- Bedok MRT
- Kembangan MRT
- Chung Cheng High School (Main)
- East Coast Primary School
- Global Indian International School (GIIS East Coast)
Nearby MRT Stations
ELITE RESIDENCES is 580m from Siglap MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
Nearby Schools
There are 11 schools within 2 km of ELITE RESIDENCES, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Chung Cheng High School (Main) | Secondary | 520m |
| East Coast Primary School | Primary | 540m |
| Global Indian International School (GIIS East Coast) | International | 540m |
| Temasek Junior College | Jc | 820m |
| Temasek Primary School | Primary | 950m |
| Telok Kurau Primary School | Primary | 1.3 km |
| Dunman High School | Secondary | 1.3 km |
| Dunman High School (JC) | Jc | 1.3 km |
| Victoria School | Secondary | 1.7 km |
| Victoria Junior College | Jc | 1.7 km |
| Opera Estate Primary School | Primary | 1.8 km |
FAQ
What is the average price for ELITE RESIDENCES?
What is the rental yield for ELITE RESIDENCES?
Is ELITE RESIDENCES freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 3 transactions analysed
- Rental data: 1 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for ELITE RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,640 condo transactions recorded in District 15 over the last 12 months, 64% resale, 34% new sale, 2% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 15 reads 117.7 as of June 2026 — down 9.0% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
1 active Government Land Sales site in District 15 could add roughly 500 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Jalan Tembusu | — | ~500 | Confirmed | Awarded |
HDB Alternatives Nearby
Weighing ELITE RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (520m away), an upgrader gap of about $2,350,000
- Bedok — 4-room average $659,895 (720m away), an upgrader gap of about $2,450,000
- Marine Parade — 4-room average $648,065 (1.5 km away), an upgrader gap of about $2,450,000