Overview & Key Facts
HOMEY GARDENS is a freehold condominium at LORONG M TELOK KURAU in District 15 (OCR), developed by BRIGHT CITY DEVELOPMENT, comprising 24 units, completed in 2004.
Location & Connectivity
HOMEY GARDENS is approximately 620m from Marine Terrace MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 620m |
| Marine Parade | Thomson-East Coast Line | 850m |
| Eunos | East-West Line | 1.3 km |
| Kembangan | East-West Line | 1.3 km |
Schools & Education
13 schools within 2 km (6 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 620m |
| Tanjong Katong Girls' School | Secondary | 890m |
| Canadian International School (Tanjong Katong) | International | 890m |
| Broadrick Secondary School | Secondary | 980m |
| EtonHouse International School (Broadrick) | International | 980m |
| CHIJ (Katong) Primary | Primary | 1 km |
| Canossa Catholic Primary School | Primary | 1.2 km |
| Tao Nan School | Primary | 1.2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,625 psf | $1,672,963 |
| 4 BR | 2 | $1,461 psf | $2,547,500 |
Market Position
HOMEY GARDENS has recorded 5 sales at an average price of $2,022,778.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2023 | 1 | $1,538 psf | — |
| 2024 | 1 | $1,391 psf | ↓ 9.6% |
| 2025 | 2 | $1,668 psf | ↑ 20.0% |
| 2026 | 1 | $1,531 psf | ↓ 8.2% |
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HOMEY GARDENS prices have cooled 8.2% from the 2025 peak, yet remain 0.4% below where the series began in 2023.
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 1 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 24 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
Buyers most likely to be happy here: p1 school balloting families, international school families, long-term hold (10+ yr) and freehold / generational hold. Sits within the 1km MOE catchment of one or more popular primary schools — confirm exact distance for your target school.
For mrt-walkable commuters and car-owning households, it can work — but weigh the trade-offs before committing.
It is a weaker fit for yield-focused investors and resort facilities — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
HOMEY GARDENS is a freehold development in District 15 (OCR), with 24 units, offering a gross yield of 2.2%.
At ~$1,623 psf, it represents a competitive entry point in the OCR segment.
Explore the full HOMEY GARDENS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing HOMEY GARDENS against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (580m away), an upgrader gap of about $1,350,000
- Geylang — 4-room average $761,443 (1.2 km away), an upgrader gap of about $1,250,000
- Bedok — 4-room average $659,895 (1.5 km away), an upgrader gap of about $1,350,000
FAQ
What is the average PSF for HOMEY GARDENS?
Is HOMEY GARDENS freehold?
What is the rental yield for HOMEY GARDENS?
Which MRT is nearest to HOMEY GARDENS?
Sources & Next Steps
- HOMEY GARDENS 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: 5 transactions
- Rental data: 18 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 5 records analysed · Source: URA private-sale caveats