Overview & Key Facts
STRAITS RESIDENCES is a freehold condominium at JOO CHIAT PLACE in District 15 (RCR), developed by ROXY LAND PTE LTD, comprising 30 units, completed in 2013.
Location & Connectivity
STRAITS RESIDENCES is approximately 710m from Eunos MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Eunos | East-West Line | 710m |
| Marine Parade | Thomson-East Coast Line | 1.2 km |
| Kembangan | East-West Line | 1.2 km |
| Marine Terrace | Thomson-East Coast Line | 1.3 km |
| Paya Lebar | East-West Line | 1.3 km |
| Paya Lebar | Circle Line | 1.3 km |
Schools & Education
13 schools within 2 km (8 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Canossa Catholic Primary School | Primary | 510m |
| Tanjong Katong Girls' School | Secondary | 670m |
| Canadian International School (Tanjong Katong) | International | 730m |
| Broadrick Secondary School | Secondary | 770m |
| EtonHouse International School (Broadrick) | International | 770m |
| Tao Nan School | Primary | 980m |
| Telok Kurau Primary School | Primary | 990m |
| CHIJ (Katong) Primary | Primary | 1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 3 | $1,634 psf | $650,333 |
| 1 BR | 3 | $1,540 psf | $805,333 |
| 2 BR | 1 | $1,376 psf | $1,200,000 |
Market Position
STRAITS RESIDENCES has recorded 7 sales at an average price of $795,286.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at STRAITS RESIDENCES typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,397/mo | $805,333 | 3.57% |
| 2 BR | $2,717/mo | $1,200,000 | 2.72% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,353 psf | — |
| 2022 | 3 | $1,475 psf | ↑ 9.1% |
| 2023 | 2 | $1,633 psf | ↑ 10.7% |
| 2024 | 1 | $1,852 psf | ↑ 13.4% |
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The latest reading marks the highest point in this series — STRAITS RESIDENCES prices have climbed 36.9% since 2021.
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 30-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
The profile fits car-owning households, international school families, yield-focused investors and long-term hold (10+ yr) best. At ~709m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
empty nesters / downsizers should treat this as a shortlist candidate, not a default choice.
resort facilities should probably look elsewhere. 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
STRAITS RESIDENCES is a freehold development in District 15 (RCR), with 30 units, offering a gross yield of 3.9%.
Explore the full STRAITS RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing STRAITS RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (530m away), an upgrader gap of about $50,000
- Marine Parade — 4-room average $648,065 (1.1 km away), an upgrader gap of about $150,000
- Bedok — 4-room average $659,895 (1.3 km away), an upgrader gap of about $150,000
FAQ
What is the average PSF for STRAITS RESIDENCES?
Is STRAITS RESIDENCES freehold?
What is the rental yield for STRAITS RESIDENCES?
Which MRT is nearest to STRAITS RESIDENCES?
Sources & Next Steps
- STRAITS 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: 7 transactions
- Rental data: 46 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Dec 2024 · 7 records analysed · Source: URA private-sale caveats