Some condominiums get renovated; Arthur 118 got a train station. When Katong Park station (TE24) opened on the Thomson-East Coast Line in 2024, this 2005-vintage freehold on Arthur Road suddenly found itself a 360-metre walk from the rail network — and the price record responded. The three sales lodged in 2025 averaged S$2,144.92 per square foot, up from S$1,772.35 across 2022's four transactions, and the dataset scores price momentum at +16.8 per cent year-on-year (as of 2025-08).
Developed by Fortune Realty Pte Ltd and completed in 2005, Arthur 118 stacks 55 units across low- and mid-rise floors in the quiet residential wedge between Mountbatten and Tanjong Katong. For most of its life it was a commuter compromise: freehold and peaceful, but far from a station. The TEL deleted the compromise.
The question a buyer faces in the aftermath is a classic one. How much of the infrastructure dividend is already in the price — and does what remains justify paying a repriced entry of around S$2.18 million (as of 2025-08) for a twenty-year-old boutique with thin trading volume? That is the calculation this review runs.
Arthur 118 now trades at the 82nd percentile of District 15's condominium market — S$1,908 psf lifetime average, S$2,145 psf over the trailing twelve months (as of 2025-08). That positions it firmly between the district's old guard and its new-launch wave: Grand Dunman averages S$2,536 psf, Tembusu Grand S$2,467 psf, Emerald of Katong S$2,640 psf, and the freehold flagships The Continuum and Amber Park sit at S$2,790 and S$2,548 psf respectively (as of 2025-08). In the Rest of Central Region, Arthur 118's pitch is straightforward: the same freehold tenure as the flagships, a closer station walk than most of them, at a S$400 to S$650 psf discount for accepting 2005 finishes.
It is also worth reading this property against the wider District 15 tape rather than in isolation. Compare its pricing band with the district's median on the price heat map, and check how the Rest of Central Region segment as a whole has moved before concluding that any single premium or discount here is property-specific — segment-level tides lift and lower every boat in the harbour, and separating the two effects is where most mispricing hides.
Overview & Key Facts
ARTHUR 118 is a freehold condominium at ARTHUR ROAD in District 15 (RCR), developed by FORTUNE REALTY PTE LTD, comprising 55 units, completed in 2005.
Location & Connectivity
ARTHUR 118 is approximately 360m from Katong Park MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Katong Park | Thomson-East Coast Line | 360m |
| Tanjong Katong | Thomson-East Coast Line | 900m |
| Mountbatten | Circle Line | 990m |
| Dakota | Circle Line | 1.1 km |
| Stadium | Circle Line | 1.5 km |
Schools & Education
12 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| One World International School (Mountbatten) | International | 1.3 km |
| Tanjong Katong Primary School | Primary | 1.3 km |
| Tao Nan School | Primary | 1.5 km |
| Geylang Methodist School (Secondary) | Secondary | 1.5 km |
| Haig Girls' School | Primary | 1.5 km |
| Geylang Methodist School (Primary) | Primary | 1.5 km |
| CHIJ (Katong) Primary | Primary | 1.6 km |
| Broadrick Secondary School | Secondary | 1.7 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 4 | $1,989 psf | $1,792,500 |
| 3 BR | 7 | $1,862 psf | $1,951,429 |
Market Position
ARTHUR 118 has recorded 11 sales at an average price of $1,893,636.
Ranks in the top 18% of condos in District 15 by average PSF.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,818 psf | — |
| 2022 | 4 | $1,772 psf | ↓ 2.5% |
| 2023 | 3 | $1,882 psf | ↑ 6.2% |
| 2025 | 3 | $2,145 psf | ↑ 14.0% |
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The latest reading marks the highest point in this series — ARTHUR 118 prices have climbed 18.0% since 2021.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 912 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 781 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 644 |
| AMBER PARK | Freehold | $2,548 psf | 396 |
What Could Work Against You
- With just 1 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 55-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits young couples (no kids), empty nesters / downsizers, mrt-walkable commuters and long-term hold (10+ yr) best. The unit profile suits DINK couples valuing CBD/MRT access over square footage.
yield-focused investors should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for families with young children, light renovation budget and resort facilities — other options likely serve them better. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
The station walk is the asset the market spent two decades not pricing. Katong Park (TE24) at 360 metres is a genuine four-to-five-minute stroll — doorstep transit by any honest definition — with Tanjong Katong (TE25) at 900 metres and the Circle Line's Mountbatten (990 m) and Dakota (1.07 km) providing a second corridor. For a daily commuter, connectivity this layered from a freehold boutique is rare in District 15; the routes are easy to sanity-check on the commute-time map.
The unit economics remain family-plausible. Seven of the eleven recorded sales are three-bedders averaging S$1,951,429, and four are two-bedders averaging S$1,792,500 (as of 2025-08) — quantums that keep Arthur 118 in reach of upgraders who cannot stretch to the S$2.3 to 2.6 million averages at the new launches. A pass through the mortgage repayment calculator puts the monthly difference between those tiers in plain figures.
Rental depth is genuinely strong for 55 units. Eighty-two contracts between S$2,100 and S$6,200 a month, averaging S$3,813 (as of 2025-08), show consistent tenant demand across cycles — a useful cushion for any owner who needs to lease rather than sell into a quiet patch.
And the momentum is recorded, not promised: the annual PSF series runs S$1,818 (2021), S$1,772 (2022), S$1,882 (2023), then S$2,145 across three 2025 sales — a step-change that coincides squarely with the TEL opening. Even after the run-up, freehold tenure means the position carries no lease clock while the corridor's repricing plays out.
Liquidity is the first caution. Only one caveat sits in the trailing twelve months (as of 2025-08), and eleven sales since 2021 across 55 units means the annual averages lean on two or three prints at a time. The +16.8 per cent momentum figure is real but rests on that thin base — verify the latest entries against URA transaction records before treating 2025's S$2,145 psf as an established floor rather than a strong year.
The resale profit record is more mixed than the headline momentum suggests. Of three matched buy-sell pairs, two exited profitably and one did not — a 67 per cent win rate with a modest 5.41 per cent median return over short 1.3-year median holds. Short-hold flippers have not reliably made money here; the repricing thesis favours patient owners.
Yield has compressed as prices ran. At a computed 2.42 per cent gross (as of 2025-08), income barely engages with current financing costs; investors should stress the numbers against the island-wide rental yield map rather than assume the strong tenancy volume translates into strong returns. Two lifestyle honesty-notes complete the picture: the building is twenty years past its 2005 completion, so interiors and common areas will show their age against the new-launch cohort; and the family-school geography is weak — the nearest recorded primary school is about 1.34 kilometres away and the nearest park 1.7 kilometres, which is why the dataset's own persona screen flags young-family fit as poor despite the three-bedroom stock.
The trailing year produced 1 recorded transaction (as of 2025-08) across a 55-unit register — sellers here market to a small, patient audience, and buyers who mirror that patience negotiate from strength.
- ✅ MRT-walkable commuters
- ✅ Young couples (no kids)
- ✅ Long-term hold (10+ yr)
- ✅ Boutique low-density (<100 units)
- ⚠️ Yield-focused investors
- ❌ Families with young children
Arthur 118 is the cleanest infrastructure-repricing story in its cohort: a freehold boutique that spent twenty years without a station, got one 360 metres away in 2024, and printed S$2,145 psf across 2025's sales against a S$1,772 psf base in 2022 (as of 2025-08). The corridor logic is sound, the rental ledger is deep for the building's size, and the discount to District 15's new-launch flagships still runs S$400 to S$650 psf.
Shortlist it if you are a commuting couple or a patient freehold investor who believes station-adjacent Katong stock has further to re-rate — and who can hold through a market where one caveat a year is normal. Enter expecting to negotiate off thin comparables, and expecting 2005-era interiors that may want a renovation budget.
Be more careful if you need income now — 2.42 per cent gross yield is unforgiving of leverage — or if young children anchor your daily logistics, since schools and parks sit beyond comfortable walking range. Weigh it directly against Amber Park and The Continuum on the side-by-side comparison tool: if the freehold-plus-station combination matters more to you than newness, Arthur 118 makes its case at a meaningful discount.
One closing discipline matters more here than in high-volume projects: at 2.42% gross (as of 2025-08), the income case only survives contact with real outgoings if your entry price is disciplined — model the net position before viewing, not after. The cash-flow calculator covers that arithmetic in a few minutes and costs nothing but attention.
FAQ
What is the average PSF for ARTHUR 118?
Is ARTHUR 118 freehold?
What is the rental yield for ARTHUR 118?
Which MRT is nearest to ARTHUR 118?
Sources & Next Steps
- ARTHUR 118 Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 11 transactions
- Rental data: 82 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Aug 2025 · 11 records analysed · Source: URA private-sale caveats
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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Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ARTHUR 118 typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $3,655/mo | $1,792,500 | 2.45% |
| 3 BR | $4,220/mo | $1,951,429 | 2.60% |
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HDB Alternatives Nearby
Weighing ARTHUR 118 against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (440m away), an upgrader gap of about $1,000,000
- Geylang — 4-room average $761,443 (850m away), an upgrader gap of about $1,150,000