Overview & Key Facts
STUDIO 3 is a freehold condominium at SHANGHAI ROAD in District 10 (CCR), developed by FORTUNE DEVELOPMENT PTE LTD, comprising 66 units, completed in 2005.
Location & Connectivity
STUDIO 3 is approximately 710m from Great World MRT station, with 9 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Great World | Thomson-East Coast Line | 710m |
| Orchard Boulevard | Thomson-East Coast Line | 890m |
| Havelock | Thomson-East Coast Line | 1 km |
| Orchard | North-South Line | 1.1 km |
| Tiong Bahru | East-West Line | 1.1 km |
| Orchard | Thomson-East Coast Line | 1.1 km |
Schools & Education
17 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Gan Eng Seng Primary School | Primary | 720m |
| Kheng Cheng School | Primary | 750m |
| Gan Eng Seng School | Secondary | 750m |
| River Valley Primary School | Primary | 990m |
| CHIJ (Kellock) | Primary | 1.1 km |
| Tanglin Secondary School | Secondary | 1.1 km |
| Henderson Secondary School | Secondary | 1.2 km |
| Chatsworth International School (Orchard) | International | 1.2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 2 | $1,993 psf | $1,105,000 |
| 2 BR | 3 | $1,950 psf | $1,721,000 |
| 3 BR | 1 | $1,483 psf | $1,548,000 |
| 4 BR | 1 | $1,414 psf | $2,100,000 |
Market Position
STUDIO 3 has recorded 7 sales at an average price of $1,574,429.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at STUDIO 3 typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $3,129/mo | $1,105,000 | 3.40% |
| 2 BR | $4,411/mo | $1,721,000 | 3.08% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,833 psf | — |
| 2022 | 1 | $1,483 psf | ↓ 19.1% |
| 2023 | 1 | $2,000 psf | ↑ 34.9% |
| 2024 | 3 | $1,781 psf | ↓ 10.9% |
| 2025 | 1 | $2,072 psf | ↑ 16.4% |
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STUDIO 3 prices sit at a fresh series high after a 16.4% gain on the prior period, now 13.1% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 10 reads 116.8 as of June 2026 — down 3.6% 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 |
|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | $2,786 psf | 574 |
| D'LEEDON | 99 yrs lease commencing from 2010 | $1,869 psf | 452 |
| HYLL ON HOLLAND | Freehold | $2,649 psf | 328 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | $2,468 psf | 299 |
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 66 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: car-owning households, quiet sanctuary seekers, yield-focused investors and long-term hold (10+ yr). Parking and arterial road access matter more here than walking-distance MRT.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for short-term flippers (<5 yr) and resort facilities — other options likely serve them better. TOP 2005 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
STUDIO 3 is a freehold development in District 10 (CCR), with 66 units, offering a gross yield of 2.8%.
At ~$2,072 psf, it reflects its premium CCR positioning.
Explore the full STUDIO 3 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing STUDIO 3 against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (390m away), an upgrader gap of about $700,000
- Queenstown — 4-room average $1,002,705 (1.4 km away), an upgrader gap of about $550,000
- Central Area — 4-room average $1,088,814 (1.4 km away), an upgrader gap of about $500,000
FAQ
What is the average PSF for STUDIO 3?
Is STUDIO 3 freehold?
What is the rental yield for STUDIO 3?
Which MRT is nearest to STUDIO 3?
Sources & Next Steps
- STUDIO 3 Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) — District 10 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: 111 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2025 · 7 records analysed · Source: URA private-sale caveats