Overview & Key Facts
THE SOVEREIGN is a freehold condominium at MEYER ROAD in District 15 (RCR), developed by THAKRAL LAND PTE LTD, comprising 87 units, completed in 1993.
Location & Connectivity
THE SOVEREIGN is approximately 860m from Tanjong Katong MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Tanjong Katong | Thomson-East Coast Line | 860m |
| Katong Park | Thomson-East Coast Line | 950m |
| Dakota | Circle Line | 1.4 km |
Schools & Education
11 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Primary School | Primary | 1.2 km |
| CHIJ (Katong) Primary | Primary | 1.3 km |
| Tao Nan School | Primary | 1.3 km |
| Broadrick Secondary School | Secondary | 1.5 km |
| EtonHouse International School (Broadrick) | International | 1.5 km |
| Canadian International School (Tanjong Katong) | International | 1.5 km |
| Haig Girls' School | Primary | 1.6 km |
| Tanjong Katong Girls' School | Secondary | 1.6 km |
Market Position
THE SOVEREIGN has recorded 11 sales at an average price of $7,008,182.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $2,215 psf | — |
| 2023 | 2 | $2,332 psf | ↑ 5.3% |
| 2024 | 3 | $2,519 psf | ↑ 8.0% |
| 2025 | 4 | $2,417 psf | ↓ 4.0% |
| 2026 | 1 | $2,579 psf | ↑ 6.7% |
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THE SOVEREIGN prices sit at a fresh series high after a 6.7% gain on the prior period, now 16.4% 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 4 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.
- Completed in 1993, the development is over 33 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
The profile fits empty nesters / downsizers, car-owning households, long-term hold (10+ yr) and en-bloc speculators best. Manageable scale and accessibility profile work for buyers right-sizing from a larger home.
international school families and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for yield-focused investors — other options likely serve them better. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
THE SOVEREIGN is a freehold development in District 15 (RCR), with 87 units, offering a gross yield of 1.8%.
At ~$2,449 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full THE SOVEREIGN dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing THE SOVEREIGN against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (1.1 km away), an upgrader gap of about $6,150,000
- Geylang — 4-room average $761,443 (1.3 km away), an upgrader gap of about $6,250,000
- Marine Parade — 4-room average $648,065 (1.5 km away), an upgrader gap of about $6,350,000
FAQ
What is the average PSF for THE SOVEREIGN?
Is THE SOVEREIGN freehold?
What is the rental yield for THE SOVEREIGN?
Which MRT is nearest to THE SOVEREIGN?
Sources & Next Steps
- THE SOVEREIGN 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: 11 transactions
- Rental data: 83 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2026 · 11 records analysed · Source: URA private-sale caveats