Emerald of Katong Analysis: From Grandeur Park to Tembusu Grand

Are you wondering how Emerald of Katong prices compare to nearby developments? Or perhaps you want a price to estimate the launch figures? Or maybe you want to benchmark the different condominiums to compare! In our Emerald of Katong Analysis, we break down comprehensive data to help our buyers make an informed decision. This analysis delves into how the Emerald of Katong fares against other developments. In this analysis, we compare their connectivity, nearby educational institutions, tenure, and unit pricing.

This post was edited on 11 October 2024 to reflect the price estimation released.

1. Comparing Key Features Across Developments

We have created a Google map to plot out the Emerald of Katong and some notable nearby developments. These developments are 99-year leasehold and freehold. For a 99-year leasehold, we have Grandeur Park Residences, The Tapestry, Sky Eden@Bedok, Grand Dunman and Tembusu Grand. For freehold leasehold, we have The Continuum, Amber Sea, Meyer Blue and The Hillshore.

You can refer to the detailed project comparison below.

The Singapore Land Authority (SLA) developed OneMap, which allows you to search for schools near an address using their ‘School Query’ tool. If you are unsure how this works, do contact our showflat direct developer sales team.

2. Property Market Insights

Demand for Properties Nearby MRT Stations

Emerald of Katong benefits from its proximity to Tanjong Katong and Marine Parade MRT stations. Accordingly, properties close to transit hubs usually maintain better price resilience and demand, especially in uncertain economic times.

Resilience for RCR Properties

According to PropNex Research Monthly Report (April 2024), private home sales declined notably in April 2024. This is due to limited new launches and a high sales base in the previous months. Despite having developers’ sales falling by 58% from March to April, RCR has seen a modest price increase.

New private home sales in the RCR have seen an 80% month-on-month increase, with significant interest in newly launched projects. This indicates a strong buyer interest in the region, which could be appealing for those considering Emerald of Katong.

Projected Price Growth of 3% to 4% in 2024

According to PropNex Residential Property Market Outlook 2024, it is projected that RCR properties could grow by 4% to 5% for the full year 2024. Properties in CCR are projected to grow by 2% to 3% and OCR by 3% to 4%.

Investment Appeal

The Rest of Central Region (RCR), where Emerald of Katong is located, remains attractive to buyers. Compared to the Core Central Region (CCR), RCR is more affordably priced. Buyers can also enjoy proximity to the town area. This makes it a compelling choice for both buyers and investors​​.

3. Long-term Value and Strategic Investments

Emerald of Katong not only offers the perks of staying in District 15 of Katong… It also offers long-term developmental plans in the East Coast area. As you might already know, the East Coast area will be undergoing significant redevelopment as part of URA’s ‘Long Island’ plan.

We summarised the key redevelopment into the following pointers:

Long Island Project

This is a major initiative involving the reclamation of approximately 800 hectares off the East Coast. The Long Island project was first announced by Prime Minister Lee Hsien Loong during the National Day Rally in 2019. The Minister for National Development Desmond Lee later announced on 28th November 2023 about the land reclamation plan. The purpose of the project was to create new land for housing, recreation, and a freshwater reservoir. Additionally, this project is designed to address rising sea levels and provide flood protection. We have also written an article on “Redefining Luxury in District 15“.

New Recreation Areas

Importantly, coastal protection is achieved through innovative land reclamation techniques that also consider marine biodiversity. Flood management is integrated using advanced engineering solutions to mitigate the effects of rising sea levels. For recreation, the plan includes developing parks and waterfronts that provide leisure activities while respecting natural landscapes. This approach not only addresses safety and environmental concerns but also enhances neighbourhood development.

Conclusion

In conclusion, we believe this development appeals to both homebuyers and investors. Taking into consideration the current market conditions, Emerald of Katong presents a compelling case to buy into. It is strategically located in the RCR region and in close proximity to the upcoming Tanjong Katong MRT Station.

Additionally, the surrounding redevelopment plans, such as the Long Island project seem very promising. It is also worth noting that there is further redevelopment near the area – with the relocation of Paya Lebar Airbase in the 2030s.

While Emerald of Katong E-Brochure, Floor Plans and Price List have not been publically released yet… This development will be an interesting project to follow. For those seeking a property that balances cost with potential growth and strategic location, this is the one for you. We invite prospective buyers to explore further by signing up your interest to receive updates on the development.