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Total Transactions
3
Average Price
S17.3M
Total Value
S51.8M
Calculating fair value from URA transaction data…


License: L3008022J
Automated Valuation based on 10 URA transactions
Fair Value
S$10.24M
S$1,429 psf
Asking Price
S$13.80M
S$1,537 psf
vs Market
+34.8%
vs Last Done
-13.5%
Tenure
89 yrs
99-year Leasehold · Balance remaining
Confidence
High
10 comps
Nearest MRT
HarbourFront
3116m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
10 comparable transactions
S$1,967
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.727
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$1,429
Recent Comparable Transactions
10 shown · 10 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneSep 2024 | COVE DRIVE Floor - | 7,968sqft | S$14,155,000 | ▲S$1,777 +24.4% vs FV | 99 yrs lease commencing from 2007 |
Sep 2024 | COVE DRIVE Floor - | 7,968sqft | S$14,155,000 | ▲S$1,777 +24.4% vs FV | 99 yrs lease commencing from 2007 |
Dec 2023 | PEARL ISLAND Floor - | 6,555sqft | S$13,660,000 | ▲S$2,084 +45.8% vs FV | 99 yrs lease commencing from 2008 |
Oct 2022 | COVE DRIVE Floor - | 15,930sqft | S$32,000,000 | ▲S$2,009 +40.6% vs FV | 99 yrs lease commencing from 2006 |
Oct 2022 | PEARL ISLAND Floor - | 7,433sqft | S$12,800,000 | ▲S$1,722 +20.5% vs FV | 99 yrs lease commencing from 2008 |
Oct 2022 | COVE GROVE Floor - | 9,177sqft | S$21,000,000 | ▲S$2,288 +60.1% vs FV | 99 yrs lease commencing from 2007 |
Oct 2022 | COVE GROVE Floor - | 9,182sqft | S$22,000,000 | ▲S$2,396 +67.7% vs FV | 99 yrs lease commencing from 2007 |
Apr 2022 | COVE GROVE Floor - | 10,116sqft | S$21,000,000 | ▲S$2,076 +45.3% vs FV | 99 yrs lease commencing from 2007 |
Oct 2021 | COVE DRIVE Floor - | 6,851sqft | S$12,000,000 | ▲S$1,751 +22.5% vs FV | 99 yrs lease commencing from 2007 |
Jul 2021 | COVE DRIVE Floor - | 8,126sqft | S$15,000,000 | ▲S$1,846 +29.2% vs FV | 99 yrs lease commencing from 2007 |
May 2021 | COVE DRIVE Floor - | 7,987sqft | S$13,200,000 | ▲S$1,653 +15.7% vs FV | 99 yrs lease commencing from 2007 |
COVE DRIVE
Sep 2024 · Floor -
+24.4% vs FV
COVE DRIVE
Sep 2024 · Floor -
+24.4% vs FV
PEARL ISLAND
Dec 2023 · Floor -
+45.8% vs FV
COVE DRIVE
Oct 2022 · Floor -
+40.6% vs FV
PEARL ISLAND
Oct 2022 · Floor -
+20.5% vs FV
COVE GROVE
Oct 2022 · Floor -
+60.1% vs FV
COVE GROVE
Oct 2022 · Floor -
+67.7% vs FV
COVE GROVE
Apr 2022 · Floor -
+45.3% vs FV
COVE DRIVE
Oct 2021 · Floor -
+22.5% vs FV
COVE DRIVE
Jul 2021 · Floor -
+29.2% vs FV
COVE DRIVE
May 2021 · Floor -
+15.7% vs FV
HELIOS AI Analysis
Based on 10 URA transactions (0 outliers removed), adjusted for: Tenure decay (27.3% discount)
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.