Overview & Key Facts
IVORY is a freehold condominium at CEYLON LANE in District 15 (RCR), developed by HUME DEVELOPMENT PTE LTD, comprising 20 units, completed in 2010.
Location & Connectivity
IVORY is approximately 980m from Eunos MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Eunos | East-West Line | 980m |
| Paya Lebar | East-West Line | 1.1 km |
| Paya Lebar | Circle Line | 1.1 km |
| Tanjong Katong | Thomson-East Coast Line | 1.1 km |
| Marine Parade | Thomson-East Coast Line | 1.1 km |
| Dakota | Circle Line | 1.4 km |
Schools & Education
14 schools within 2 km (9 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Girls' School | Secondary | 290m |
| Broadrick Secondary School | Secondary | 360m |
| EtonHouse International School (Broadrick) | International | 360m |
| Canadian International School (Tanjong Katong) | International | 380m |
| Tao Nan School | Primary | 520m |
| Haig Girls' School | Primary | 550m |
| Tanjong Katong Primary School | Primary | 650m |
| Canossa Catholic Primary School | Primary | 660m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 3 | $1,460 psf | $958,333 |
| 2 BR | 1 | $1,340 psf | $1,168,000 |
| 3 BR | 4 | $1,224 psf | $1,355,000 |
| 4 BR | 2 | $1,173 psf | $2,109,000 |
Market Position
IVORY has recorded 10 sales at an average price of $1,368,100.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at IVORY typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,671/mo | $958,333 | 3.34% |
| 2 BR | $3,450/mo | $1,168,000 | 3.54% |
| 3 BR | $4,191/mo | $1,355,000 | 3.71% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $1,236 psf | — |
| 2022 | 2 | $1,225 psf | ↓ 1.0% |
| 2023 | 3 | $1,354 psf | ↑ 10.6% |
| 2024 | 3 | $1,325 psf | ↓ 2.1% |
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From the 2023 high, IVORY prices have given back 2.1% — still 7.2% above the 2021 baseline.
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 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 20-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 families with young children, yield-focused investors, long-term hold (10+ yr) and freehold / generational hold. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
For car-owning households, it can work — but weigh the trade-offs before committing.
It is a weaker fit for resort facilities — other options likely serve them better. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
IVORY is a freehold development in District 15 (RCR), with 20 units, offering a gross yield of 3.1%.
Explore the full IVORY dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing IVORY against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (300m away), an upgrader gap of about $600,000
- Marine Parade — 4-room average $648,065 (1.1 km away), an upgrader gap of about $700,000
- Bedok — 4-room average $659,895 (1.8 km away), an upgrader gap of about $700,000
FAQ
What is the average PSF for IVORY?
Is IVORY freehold?
What is the rental yield for IVORY?
Which MRT is nearest to IVORY?
Sources & Next Steps
- IVORY 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: 10 transactions
- Rental data: 22 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Nov 2024 · 10 records analysed · Source: URA private-sale caveats