Overview & Key Facts
ELITE RESIDENCES is a freehold condominium at ELITE TERRACE in District 15 (OCR), developed by .
Location & Connectivity
ELITE RESIDENCES is approximately 580m from Siglap MRT station, with 3 stations within 1.5 km.
Schools & Education
11 schools within 2 km (5 within 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 |
Market Position
ELITE RESIDENCES has recorded 3 sales at an average price of $3,106,667.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2022 | 1 | $809 psf | — |
| 2024 | 1 | $776 psf | ↓ 4.0% |
| 2025 | 1 | $866 psf | ↑ 11.6% |
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The latest reading marks the highest point in this series — ELITE RESIDENCES prices have climbed 7.1% since 2022.
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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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.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: multi-generational families, mrt-walkable commuters, car-owning households and p1 school balloting families. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
international school families, foreign / absd-aware buyers and resort facilities should treat this as a shortlist candidate, not a default choice.
yield-focused investors should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
ELITE RESIDENCES is a freehold development in District 15 (OCR), offering a gross yield of 2.4%.
At ~$866 psf, it represents a competitive entry point in the OCR segment.
Explore the full ELITE RESIDENCES dashboard for interactive analytics.
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
FAQ
What is the average PSF for ELITE RESIDENCES?
Is ELITE RESIDENCES freehold?
What is the rental yield for ELITE RESIDENCES?
Which MRT is nearest to ELITE RESIDENCES?
Sources & Next Steps
- ELITE RESIDENCES 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: 3 transactions
- Rental data: 1 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Sep 2025 · 3 records analysed · Source: URA private-sale caveats