Katong Regency, a freehold mixed-use project in Singapore's District 15, offers a prime location near Paya Lebar Quarter (PLQ) and amenities. Despite its desirable features, including proximity to MRT, a mall, and schools, Katong Regency's performance has been mediocre. This article explores the reasons behind its shaky performance and whether it presents an opportunity for savvy investors or a risky proposition.
Given the rise of Paya Lebar Quarter and the prominence of District 15 , any properties in the area should be doing well. And if there is anything that Singaporeans love in their condo developments: it is the trifecta of being freehold, close to the MRT, as well as being located on top of a mall.
The project is also close to some notable schools, with Haig Girls' and Kong Hwa School being within the priority enrolment range. To be doubly sure, we also took a look at new-to-resale and resale-to-resale transactions. This would help to exclude sub-sale transactions. This is important because a transaction like sub-sale to sub-sale can result in rapidly dwindling profits, thus distorting the overall view of returns:As mentioned earlier, we see average returns of just around one per cent, which is bad; in fact it makes Katong Regency the third-worst performer in the area.
You can also see that the pricing strategy back then was to price the small units at a much higher psf compared to the bigger units, which is why the smaller units more than 10 years on have barely appreciated. This is something that is changing today, where we've seen new launches like Sora price their 3-bedders at a higher psf than the 1-bedders .
This is a rather subjective judgment, but if you're interested in the area we'd suggest you take a quick look on Google Maps or swing by. We do think there's a big difference in aesthetics and overall vibe, despite PLQ being so close.
Katong Regency PLQ Singapore Property Freehold Condo Investment RCR
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