116 Rangoon Road 218394, Kampong Java, Central Region, Singapore
$1,696,000
Freehold, city fringe location The site’s freehold tenure and location within the city fringe, or Rest of Central Region (RCR), as key attractions. The property is just a three-minute walk from Farrer Park MRT Station, with City Square Mall located five minutes away, offering a variety of shopping and dining options. The site is also well-served by nearby medical facilities, including Connexion, a medical centre integrated with Farrer Park Hospital, and One Farrer Hotel, both within a five-minute walk. Centrium Square, a mixed-use development featuring retail outlets, offices and medical suites, is similarly just a short five-minute stroll from the site. The original Eng Hin & Co Building sat on two freehold commercial lots at 109 and 111 Rangoon Road, with a combined land area of 5,298 sq ft. The building has been demolished to make way for a new five-storey development, The Ranz, that has recently been topped out and is slated for completion by mid-2025. The Ranz offers a mix of commercial and residential units. The first level comprises three strata-titled retail units, ranging from 893 sq ft to 1,206 sq ft (2 units SOLD). The upper floors of the development contain 14 residential units, with the second to fourth floors housing four two-bedroom-plus-study apartments per floor, ranging from 689 to 775 sq ft. The top-level features two luxurious four-bedroom duplexes, measuring 2,357 sq ft (going fast!) and 2,368 sq ft (reserved), each boasting a 5.4m ceiling in the living area. Situated between two other buildings, ADDP Architects designed a streamlined apartment block that stands out against its surroundings. The façade features a monochromatic palette of rich brown timber for the portal frame, accentuated with coal-grey curtain walls. “This palette harmonises seamlessly with the surrounding neighbourhood,” says Lee Choon Shung, principal architect of ADDP Architects. “It also strikes a balance between a warm, inviting ambience and modern elegance.”
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
8
Average Price
S733K
Total Value
S5.9M
Calculating fair value from URA transaction data…
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Automated Valuation based on 377 URA transactions · 1 outliers removed (IQR)
Fair Value
S$1.18M
S$1,612 psf
Asking Price
S$1.70M
S$2,317 psf
vs Market
+43.7%
vs Last Done
+73.7%
Tenure
Freehold
No lease decay
Confidence
High
377 comps
Nearest MRT
Farrer Park
290m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
377 comparable transactions
S$1,565
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.000
MRT Proximity
Within 500m / 1km
+3%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$1,612
Recent Comparable Transactions
10 shown · 377 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | MERGUI ROAD Floor 01-05 | 1,259sqft | S$1,680,000 | ▼S$1,334 -17.2% vs FV | Freehold |
Aug 2025 | MERGUI ROAD Floor 01-05 | 1,259sqft | S$1,680,000 | ▼S$1,334 -17.2% vs FV | Freehold |
Aug 2025 | OXFORD ROAD Floor 01-05 | 1,356sqft | S$1,650,000 | ▼S$1,217 -24.5% vs FV | 99 yrs lease commencing from 1995 |
Aug 2025 | SING AVENUE Floor 01-05 | 1,389sqft | S$1,888,888 | ▼S$1,360 -15.6% vs FV | Freehold |
Aug 2025 | MERGUI ROAD Floor 11-15 | 1,119sqft | S$1,850,000 | ▲S$1,653 +2.5% vs FV | Freehold |
Aug 2025 | MARNE ROAD Floor 06-10 | 721sqft | S$1,300,000 | ▲S$1,803 +11.8% vs FV | Freehold |
Aug 2025 | RACE COURSE ROAD Floor 01-05 | 420sqft | S$742,000 | ▲S$1,768 +9.7% vs FV | Freehold |
Jul 2025 | MERGUI ROAD Floor 16-20 | 1,119sqft | S$1,740,000 | ▼S$1,554 -3.6% vs FV | Freehold |
Jul 2025 | MERGUI ROAD Floor 21-25 | 1,076sqft | S$1,808,000 | ▲S$1,680 +4.2% vs FV | Freehold |
Jul 2025 | MERGUI ROAD Floor 26-30 | 1,378sqft | S$2,308,000 | ▲S$1,675 +3.9% vs FV | Freehold |
Jul 2025 | MERGUI ROAD Floor 26-30 | 1,378sqft | S$2,308,000 | ▲S$1,675 +3.9% vs FV | Freehold |
MERGUI ROAD
Aug 2025 · Floor 01-05
-17.2% vs FV
MERGUI ROAD
Aug 2025 · Floor 01-05
-17.2% vs FV
OXFORD ROAD
Aug 2025 · Floor 01-05
-24.5% vs FV
SING AVENUE
Aug 2025 · Floor 01-05
-15.6% vs FV
MERGUI ROAD
Aug 2025 · Floor 11-15
+2.5% vs FV
MARNE ROAD
Aug 2025 · Floor 06-10
+11.8% vs FV
RACE COURSE ROAD
Aug 2025 · Floor 01-05
+9.7% vs FV
MERGUI ROAD
Jul 2025 · Floor 16-20
-3.6% vs FV
MERGUI ROAD
Jul 2025 · Floor 21-25
+4.2% vs FV
MERGUI ROAD
Jul 2025 · Floor 26-30
+3.9% vs FV
MERGUI ROAD
Jul 2025 · Floor 26-30
+3.9% vs FV
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.