We track 3 sales and 12 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the HERITAGE RESIDENCES dashboard.
- Average sale price: $1,700,000 across 3 transactions
- Estimated gross rental yield: 2.6%
- District 15 PSF ranking: Mid-range (top 59%)
- Freehold tenure · OCR · D15 · 19 units
About HERITAGE RESIDENCES
HERITAGE RESIDENCES is a freehold condominium, located at LORONG L TELOK KURAU in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by WAREES LAND PTE LTD, comprising 19 residential units, completed in 2008.
As a freehold property, HERITAGE RESIDENCES does not face lease decay concerns.
Sales Market Overview
HERITAGE RESIDENCES has recorded 3 sale transactions with an average transaction price of $1,700,000, ranging from $1,500,000 to $2,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 1 | $1,380 psf | $1,500,000 | — |
| 2024 | 1 | $1,443 psf | $1,600,000 | ↑ 4.6% |
| 2025 | 1 | $1,548 psf | $2,000,000 | ↑ 7.3% |
HERITAGE RESIDENCES ranks in the top 59% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, HERITAGE RESIDENCES trades 6% below the segment benchmark.
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Rental Market Overview
HERITAGE RESIDENCES has recorded 12 rental transactions with monthly rents averaging $3,717/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 1 | $2,550/mo | $2,550/mo | $2,550/mo |
| 3 BR | 11 | $3,823/mo | $2,500/mo | $5,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 6 | $3,308/mo |
| 2022 | 2 | $4,150/mo |
| 2023 | 1 | $4,400/mo |
| 2024 | 1 | $5,000/mo |
| 2025 | 1 | $2,550/mo |
| 2026 | 1 | $4,500/mo |
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Investment Analysis
Based on average rents and sale prices, HERITAGE RESIDENCES delivers an estimated gross rental yield of 2.6%. 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 HERITAGE RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- HERITAGE RESIDENCES
- Marine Terrace MRT
- Kembangan MRT
- Marine Parade MRT
- Eunos MRT
- Siglap MRT
- Telok Kurau Primary School
- Chung Cheng High School (Main)
- East Coast Primary School
Nearby MRT Stations
HERITAGE RESIDENCES is 660m from Marine Terrace MRT (Thomson-East Coast Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Terrace | TE27 | Thomson-East Coast Line | 660m |
| Kembangan | EW6 | East-West Line | 920m |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.4 km |
| Eunos | EW7 | East-West Line | 1.4 km |
| Siglap | TE28 | Thomson-East Coast Line | 1.5 km |
Nearby Schools
There are 13 schools within 2 km of HERITAGE RESIDENCES, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 50m |
| Chung Cheng High School (Main) | Secondary | 1.0 km |
| East Coast Primary School | Primary | 1.3 km |
| Global Indian International School (GIIS East Coast) | International | 1.3 km |
| Canossa Catholic Primary School | Primary | 1.4 km |
| Tanjong Katong Girls' School | Secondary | 1.4 km |
| Canadian International School (Tanjong Katong) | International | 1.4 km |
| Broadrick Secondary School | Secondary | 1.5 km |
| EtonHouse International School (Broadrick) | International | 1.5 km |
| CHIJ (Katong) Primary | Primary | 1.6 km |
| Tao Nan School | Primary | 1.7 km |
| Tanjong Katong Primary School | Primary | 1.9 km |
FAQ
What is the average price for HERITAGE RESIDENCES?
What is the rental yield for HERITAGE RESIDENCES?
Is HERITAGE 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: 12 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 HERITAGE 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 HERITAGE RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (730m away), an upgrader gap of about $1,050,000
- Bedok — 4-room average $659,895 (1.1 km away), an upgrader gap of about $1,050,000
- Geylang — 4-room average $761,443 (1.3 km away), an upgrader gap of about $950,000