District 04 · Southern Islands · CCR
The Azure
Ocean Drive · Condominium · 99 yrs lease commencing from 2005
Current PSF
$1,628
-4.0% vs district median
Gross yield
3.8%
median rent $9,000/mo
3-year gain
-6.3%
Transactions · 5y
14
3 in last 12 months
Nearest MRT
Marina Bay Mrt Station · 2,875.991m
CCL,NSL,TEL
Future MRT
West Coast Mrt Station
CRL · 2032
Vs local HDB
-
Area income
-
residential zone
En-bloc potential31 / 100
21 years old · composite of plot use, age, tenure, value gap & size
Lease decay78 years left
worth 90.0%of freehold today (Bala’s Table) · loses ~5.5pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
+3.8%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
9%
PSF dispersion within project
Who lives in Southern Islands
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
1,940
Median age
43 yrs
45% under 40 · steady
Children 0–9
250
▲ 39% since 2015 · future P1 demand
Homes
0% HDB
66% condo · 33% landed
Price trend average PSF by year
2021
$1,447
2022
$1,783
+23.2%
2023
$1,825
+2.4%
2024
$1,643
-10%
2025
$1,572
-4.3%
2026
$1,710
+8.8%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $7,800/mo | $5.78 | 4.3% | 14 |
| 3BR | $9,000/mo | $5.14 | 3.8% | 167 |
| 4BR | $13,500/mo | $6.00 | 4.4% | 23 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jul 2026 | $2,780,000 | 1,668 | $1,666 | 01-05 |
| Jan 2026 | $3,000,000 | 1,711 | $1,753 | 01-05 |
| Sept 2025 | $2,820,000 | 1,927 | $1,464 | 01-05 |
| Apr 2025 | $2,900,000 | 1,711 | $1,694 | 01-05 |
| Mar 2025 | $3,050,000 | 1,765 | $1,728 | 01-05 |
| Feb 2025 | $2,700,000 | 1,927 | $1,401 | 01-05 |
| Jan 2024 | $5,200,000 | 3,165 | $1,643 | 06-10 |
| Aug 2023 | $4,200,000 | 2,271 | $1,849 | 01-05 |
| Jul 2023 | $3,000,000 | 1,711 | $1,753 | 01-05 |
| Mar 2023 | $2,500,000 | 1,335 | $1,873 | 01-05 |
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