Overview & Key Facts
CASUARINA COVE is a 99 yrs lease commencing from 1993 condominium at TANJONG RHU ROAD in District 15 (RCR), developed by STEADFAST DEVELOPMENT PTE LTD, comprising 160 units, completed in 1996.
Location & Connectivity
CASUARINA COVE is approximately 560m from Tanjong Rhu MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanjong Rhu | Thomson-East Coast Line | 560m |
| Stadium | Circle Line | 590m |
| Katong Park | Thomson-East Coast Line | 1.2 km |
| Nicoll Highway | Circle Line | 1.2 km |
| Mountbatten | Circle Line | 1.3 km |
Schools & Education
4 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| One World International School (Mountbatten) | International | 1.6 km |
| St. Andrew's Junior School | Primary | 1.9 km |
| St. Andrew's Secondary School | Secondary | 1.9 km |
| St. Andrew's Junior College | Jc | 1.9 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 6 | $1,458 psf | $1,165,500 |
| 3 BR | 5 | $1,412 psf | $1,691,800 |
| 4 BR | 19 | $1,527 psf | $2,307,705 |
| 5+ BR | 1 | $1,177 psf | $2,850,000 |
Market Position
CASUARINA COVE has recorded 31 sales at an average price of $2,004,787.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at CASUARINA COVE typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $4,679/mo | $1,165,500 | 4.82% |
| 3 BR | $5,820/mo | $1,691,800 | 4.13% |
Loading chart data...
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 9 | $1,306 psf | — |
| 2022 | 3 | $1,420 psf | ↑ 8.7% |
| 2023 | 3 | $1,451 psf | ↑ 2.2% |
| 2024 | 6 | $1,606 psf | ↑ 10.6% |
| 2025 | 6 | $1,585 psf | ↓ 1.3% |
| 2026 | 4 | $1,621 psf | ↑ 2.3% |
Loading chart data...
The latest reading marks the highest point in this series — CASUARINA COVE prices have climbed 24.1% since 2021.
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.
Loading chart data...
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 |
Lease Analysis
With 66 years remaining on its 99-year lease, CASUARINA COVE still qualifies for full bank financing and CPF usage.
What Could Work Against You
- The remaining lease of roughly 66 years is comfortable today, though long-horizon owners will sell into a progressively lease-sensitive market.
- With just 8 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
This is a strong match for car-owning households, sports / active lifestyle, sea-view / waterfront and foreign / absd-aware buyers. At ~558m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
long-term hold (10+ yr) should treat this as a shortlist candidate, not a default choice.
first-time hdb upgraders and cpf-only buyers should probably look elsewhere. RCR (Rest of Central Region) pricing sits within reach of HDB upgraders banking proceeds from a mature-estate resale.
Verdict
CASUARINA COVE is a 99 yrs lease commencing from 1993 development in District 15 (RCR), with 160 units, offering a gross yield of 3.0%.
At ~$1,599 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CASUARINA COVE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CASUARINA COVE against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (1 km away), an upgrader gap of about $1,100,000
- Geylang — 4-room average $761,443 (1.4 km away), an upgrader gap of about $1,250,000
FAQ
What is the average PSF for CASUARINA COVE?
Is CASUARINA COVE freehold?
What is the rental yield for CASUARINA COVE?
Which MRT is nearest to CASUARINA COVE?
Sources & Next Steps
- CASUARINA COVE 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: 31 transactions
- Rental data: 200 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2026 · 31 records analysed · Source: URA private-sale caveats