Capital Growth Analysis: 4/5 ★★★★☆
Joo Chiat (District 15, RCR)
Sim Lian Group
Nov 2024
847 units
Katong Park (1-min walk), Mountbatten (8-min walk)
Parkway Parade, Katong V
1-Bed: S$2500–S$2700 psf 2-Bed: S$2600–S$2800 psf 3-Bed: S$2650–S$2850 psf 4-Bed: S$2700–S$2900 psf
Tanjong Katong Primary, Kong Hwa School, Geylang Methodist Primary
99-year
Insights: Next Buyer: HDB upgraders, local investors. Demand: High (99% sold at S$2621 psf) due to Katong Park MRT and Katong lifestyle. Supply: Large unit count competes with D15 projects (e.g., Meyer Blue). Comparison: Parc Esta (1,399 units, 99-year, 2018) had 133 profitable transactions in 2024, avg. gain S$284,378, no losses [EdgeProp]. Analysis: Parc Esta’s success suggests Emerald’s MRT proximity and rental demand ensure low loss risk; large size may moderate gains.