Overview & Key Facts
THE SILVER FIR is a freehold condominium at BUTTERWORTH LANE in District 15 (RCR), developed by EVANSVILLE PTE LTD, comprising 33 units, completed in 2012.
Location & Connectivity
THE SILVER FIR is approximately 590m from Paya Lebar MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Paya Lebar | East-West Line | 590m |
| Paya Lebar | Circle Line | 590m |
| Dakota | Circle Line | 840m |
| Tanjong Katong | Thomson-East Coast Line | 940m |
| Eunos | East-West Line | 1.2 km |
| Aljunied | East-West Line | 1.4 km |
Schools & Education
15 schools within 2 km (11 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Haig Girls' School | Primary | 270m |
| Kong Hwa School | Primary | 570m |
| Tao Nan School | Primary | 720m |
| Tanjong Katong Primary School | Primary | 720m |
| Broadrick Secondary School | Secondary | 760m |
| EtonHouse International School (Broadrick) | International | 760m |
| Tanjong Katong Girls' School | Secondary | 780m |
| Geylang Methodist School (Secondary) | Secondary | 800m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 5 | $1,638 psf | $942,000 |
| 2 BR | 2 | $1,474 psf | $1,396,400 |
Market Position
THE SILVER FIR has recorded 7 sales at an average price of $1,071,829.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at THE SILVER FIR typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,648/mo | $942,000 | 3.37% |
| 2 BR | $3,533/mo | $1,396,400 | 3.04% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $1,445 psf | — |
| 2022 | 2 | $1,527 psf | ↑ 5.7% |
| 2023 | 2 | $1,684 psf | ↑ 10.3% |
| 2026 | 1 | $1,825 psf | ↑ 8.4% |
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THE SILVER FIR prices sit at a fresh series high after a 8.4% gain on the prior period, now 26.3% 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 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 33 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
This is a strong match for car-owning households, p1 school balloting families, yield-focused investors and long-term hold (10+ yr). At ~587m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
Verdict
THE SILVER FIR is a freehold development in District 15 (RCR), with 33 units, offering a gross yield of 3.6%.
At ~$1,825 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full THE SILVER FIR dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing THE SILVER FIR against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (70m away), an upgrader gap of about $300,000
- Kallang/whampoa — 4-room average $882,887 (1.6 km away), an upgrader gap of about $200,000
- Marine Parade — 4-room average $648,065 (1.7 km away), an upgrader gap of about $400,000
FAQ
What is the average PSF for THE SILVER FIR?
Is THE SILVER FIR freehold?
What is the rental yield for THE SILVER FIR?
Which MRT is nearest to THE SILVER FIR?
Sources & Next Steps
- THE SILVER FIR 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: 47 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2026 · 7 records analysed · Source: URA private-sale caveats