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Home/District 15 - East Coast, Marine Parade/STRAITS MANSIONS

STRAITS MANSIONS

District 15RCRFreeholdPropertyGuru

Project Details

Address
SEA AVENUE
Property Type
Apartment
Total Units
N/A
Est. TOP
N/A
Tenure
Freehold
Price by Bedroom (median, 3yr)
3-Bed
$2,250,000
1 txns
4-Bed
$2,840,000
1 txns
5-Bed
$3,070,000
1 txns
Median PSF (3yr)
$2224
3 transactions
Normalized PSF
$2,224
Raw $2,224 · Bala Freehold
vs new D15 launches
-18.0%
Both sides Bala-normalized

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Investment Signals

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PSF Trend

Transaction prices per square foot

More projects in District 15 - East Coast, Marine Parade ->
Last 3 years
  • STRAITS MANSIONSRCR
    Feb 2026 · D15 · 3-Bed · 1,012 sqft · fl 01-05
    $2,250,000
    $2,224 psf
    — norm
    Resale
  • STRAITS MANSIONSRCR
    Oct 2025 · D15 · 4-Bed · 1,249 sqft · fl 01-05
    $2,840,000
    $2,275 psf
    — norm
    Resale
  • STRAITS MANSIONSRCR
    Apr 2025 · D15 · 5-Bed · 1,421 sqft · fl 01-05
    $3,070,000
    $2,161 psf
    — norm
    Resale
ProjectDistRegionBedFloorAreaPricePSF99yr NormDateType
STRAITS MANSIONS15RCR301-051,012$2,250,000$2,224—Feb 2026Resale
STRAITS MANSIONS15RCR401-051,249$2,840,000$2,275—Oct 2025Resale
STRAITS MANSIONS15RCR501-051,421$3,070,000$2,161—Apr 2025Resale

Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.