Overview & Key Facts
ESPIRA RESIDENCE is a freehold condominium at LORONG K TELOK KURAU in District 15 (OCR), developed by WORLD CLASS LAND PTE LTD, comprising 16 units, completed in 2010.
Location & Connectivity
ESPIRA RESIDENCE is approximately 700m from Marine Terrace MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 700m |
| Kembangan | East-West Line | 890m |
| Eunos | East-West Line | 1.3 km |
| Marine Parade | Thomson-East Coast Line | 1.3 km |
Schools & Education
13 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 120m |
| Chung Cheng High School (Main) | Secondary | 1.1 km |
| Canossa Catholic Primary School | Primary | 1.3 km |
| East Coast Primary School | Primary | 1.4 km |
| Tanjong Katong Girls' School | Secondary | 1.4 km |
| Canadian International School (Tanjong Katong) | International | 1.4 km |
| Global Indian International School (GIIS East Coast) | International | 1.4 km |
| Broadrick Secondary School | Secondary | 1.5 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 2 | $1,203 psf | $945,000 |
| 3 BR | 2 | $979 psf | $1,140,000 |
| 4 BR | 2 | $1,172 psf | $1,746,900 |
| 5+ BR | 1 | $980 psf | $2,100,000 |
Market Position
ESPIRA RESIDENCE has recorded 7 sales at an average price of $1,394,829.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ESPIRA RESIDENCE typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $2,720/mo | $945,000 | 3.45% |
| 3 BR | $4,400/mo | $1,140,000 | 4.63% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $978 psf | — |
| 2022 | 2 | $1,068 psf | ↑ 9.1% |
| 2023 | 2 | $1,204 psf | ↑ 12.7% |
| 2024 | 1 | $1,190 psf | ↓ 1.1% |
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ESPIRA RESIDENCE prices are holding within 1.1% of the 2023 peak, 21.6% above the 2021 starting level.
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
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 16 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits families with young children, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units) best. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
For car-owning households, it can work — but weigh the trade-offs before committing.
yield-focused investors and short-term flippers (<5 yr) should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
ESPIRA RESIDENCE is a freehold development in District 15 (OCR), with 16 units, offering a gross yield of 2.8%.
Explore the full ESPIRA RESIDENCE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ESPIRA RESIDENCE against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (780m away), an upgrader gap of about $750,000
- Bedok — 4-room average $659,895 (1.1 km away), an upgrader gap of about $750,000
- Geylang — 4-room average $761,443 (1.2 km away), an upgrader gap of about $650,000
FAQ
What is the average PSF for ESPIRA RESIDENCE?
Is ESPIRA RESIDENCE freehold?
What is the rental yield for ESPIRA RESIDENCE?
Which MRT is nearest to ESPIRA RESIDENCE?
Sources & Next Steps
- ESPIRA RESIDENCE 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: 7 transactions
- Rental data: 7 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2024 · 7 records analysed · Source: URA private-sale caveats