Overview & Key Facts
CITY LOFT is a freehold condominium at RACE COURSE ROAD in District 8 (RCR), developed by ASCEND CAPITAL PTE LTD, comprising 40 units, completed in 2011.
Location & Connectivity
CITY LOFT is approximately 410m from Farrer Park MRT station, with 8 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Farrer Park | North-East Line | 410m |
| Bendemeer | Downtown Line | 690m |
| Boon Keng | North-East Line | 730m |
| Jalan Besar | Downtown Line | 1.1 km |
| Lavender | East-West Line | 1.1 km |
| Little India | North-East Line | 1.3 km |
Schools & Education
15 schools within 2 km (6 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Farrer Park Primary School | Primary | 210m |
| Hong Wen School | Primary | 930m |
| CHIJ Our Lady Queen of Peace | Primary | 950m |
| St. Andrew's Secondary School | Secondary | 950m |
| St. Andrew's Junior College | Jc | 950m |
| St. Andrew's Junior School | Primary | 1 km |
| Bendemeer Primary School | Primary | 1 km |
| Bendemeer Secondary School | Secondary | 1.1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 14 | $1,746 psf | $638,198 |
| 2 BR | 3 | $1,335 psf | $1,022,667 |
Market Position
CITY LOFT has recorded 17 sales at an average price of $706,046.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 4 | $1,625 psf | — |
| 2022 | 6 | $1,611 psf | ↓ 0.9% |
| 2023 | 3 | $1,659 psf | ↑ 3.0% |
| 2024 | 1 | $1,863 psf | ↑ 12.3% |
| 2025 | 3 | $1,811 psf | ↓ 2.8% |
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From the 2024 high, CITY LOFT prices have given back 2.8% — still 11.4% above the 2021 baseline.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| PICCADILLY GRAND | 99 yrs lease commencing from 2021 | $2,171 psf | 431 |
| CITYLIGHTS | 99 yrs lease commencing from 2004 | $1,773 psf | 137 |
| CITY SQUARE RESIDENCES | Freehold | $1,897 psf | 116 |
| STURDEE RESIDENCES | 99 yrs lease commencing from 2015 | $1,999 psf | 107 |
| KERRISDALE | 99 yrs lease commencing from 1998 | $1,400 psf | 92 |
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 40-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
This is a strong match for mrt-walkable commuters, cbd walking distance, yield-focused investors and long-term hold (10+ yr). Located ~409m from Farrer Park MRT, this property is a comfortable daily walk for transit commuters.
Verdict
CITY LOFT is a freehold development in District 8 (RCR), with 40 units, offering a gross yield of 4.2%.
At ~$1,811 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full CITY LOFT dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing CITY LOFT against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (90m away)
- Central Area — 4-room average $1,088,814 (790m away)
- Toa Payoh — 4-room average $929,793 (1.6 km away)
FAQ
What is the average PSF for CITY LOFT?
Is CITY LOFT freehold?
What is the rental yield for CITY LOFT?
Which MRT is nearest to CITY LOFT?
Sources & Next Steps
- CITY LOFT Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 8 (Little India) — District 8 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: 17 transactions
- Rental data: 114 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Aug 2025 · 17 records analysed · Source: URA private-sale caveats