Cathay Garden Price Trends and Market Analysis: Your Complete D15 Investment Guide
Cathay Garden stands as one of District 15's most established freehold terrace developments, offering investors and homebuyers a compelling opportunity in Singapore's East Coast corridor. With 61 blocks of landed properties along Jalan Keris, this 1995-completed development has maintained steady market demand, making it an attractive choice for those seeking both residential stability and investment potential. At Homejourney, we prioritize transparency and verified data to help you make confident property decisions—here's what current market analysis reveals about Cathay Garden's pricing landscape.
Current Cathay Garden Pricing: What Buyers Are Paying in 2026
Cathay Garden terraces are currently trading within a competitive range that reflects the development's freehold status and prime East Coast location. Recent transaction data shows sale prices ranging from S$5.8 million to S$13.2 million, translating to approximately S$2,559 to S$3,384 per square foot.[4] The most recent recorded sale in April 2025 transacted at S$5.3 million for a 1,641 sqft unit, representing S$3,229 psf—a solid indicator of current market valuation.[2]
For buyers evaluating affordability, the average asking price hovers around S$2,894 psf based on recent 12-month transaction data.[7] This positions Cathay Garden competitively within District 15's landed property segment, particularly when compared to nearby freehold developments like Coastarina and Seaside Park, which command higher per-square-foot valuations.
Unit sizes typically range from 1,500 to 3,000 sqft, with the majority of available units falling in the 1,500-2,000 sqft category. This size range appeals to families upgrading from smaller properties and investors seeking moderate rental yields without requiring large capital outlay.
Understanding Cathay Garden's Rental Market Performance
For investors considering Cathay Garden, rental performance provides critical insight into yield potential. Recent rental transactions demonstrate consistent demand, with monthly rents ranging from S$6,000 to S$7,000 for standard 1,500-2,000 sqft units.[1][2] Larger units (2,500-3,000 sqft) command approximately S$10,000 monthly, reflecting strong tenant demand in this size category.
Converting these figures to rental yield metrics, Cathay Garden generates S$3.00 to S$4.47 psf monthly, placing it competitively within the East Coast rental market.[2] For a S$6 million terrace generating S$6,500 monthly rental income, this represents approximately 1.3% gross monthly yield or roughly 13% annualized—a respectable return for a freehold property in this location.
Rental price stability over the past 24 months shows minimal fluctuation, suggesting reliable tenant demand and predictable income streams for property investors. This consistency is particularly valuable for those seeking stable cash flow alongside potential capital appreciation.
Why Cathay Garden Offers Strong Investment Value
Freehold Ownership Advantage: Unlike leasehold properties that depreciate as lease tenure shortens, Cathay Garden's freehold status preserves long-term value. This structure appeals particularly to investors planning 10+ year holds or those seeking generational wealth preservation.
Established Community with Modern Appeal: Despite completing in 1995, Cathay Garden maintains relevance through selective renovations by current owners. The development's mature landscaping, established infrastructure, and proven community appeal differentiate it from newer developments still building resident base.
Strategic East Coast Location: Positioned along Jalan Keris in Marine Parade, Cathay Garden benefits from proximity to employment hubs, educational institutions, and recreational facilities. The location appeals to both owner-occupiers seeking lifestyle convenience and investors targeting tenant demographics with stable income.
Limited New Supply: As a completed 1995 development with 61 fixed units, Cathay Garden faces no internal supply pressure from new phases or expansions. This scarcity dynamic supports long-term price stability and appreciation potential.
Location Advantages: Why District 15 Matters for Buyers
Cathay Garden's Jalan Keris address places it within District 15's premium East Coast corridor, offering exceptional connectivity and lifestyle amenities. The development sits approximately 800 meters from Marine Parade MRT station, providing direct MRT access to the broader island within 10-15 minutes walking distance. This connectivity is crucial for both owner-occupiers commuting to work and investors seeking tenant pools with reliable transport options.
The surrounding neighborhood features excellent schools including Tao Nan Primary School (under 1km away), making Cathay Garden attractive to young families. Marine Parade's shopping and dining scene—anchored by major malls and local hawker centers—adds lifestyle convenience that justifies premium pricing and supports rental demand.
Parks and recreational facilities including East Coast Park are within easy reach, offering residents lifestyle amenities that appeal to quality-conscious tenants willing to pay premium rents.
Market Comparison: How Cathay Garden Stacks Against Nearby Developments
Within the immediate 2km radius, Cathay Garden competes directly with freehold developments like Coastarina and Seaside Park. Comparative analysis reveals important positioning insights:
- Cathay Garden: Average S$3.29 psf rental, S$2,559-S$3,384 psf sale range
- Coastarina (0.06km away): Average S$4.22 psf rental, S$1,548-S$2,056 psf sale range
- Seaside Park (0.07km away): Average S$3.39 psf rental, S$1,520-S$2,946 psf sale range
- Ocean Park (0.08km away): Average S$3.15 psf rental, S$1,324-S$2,035 psf sale range
This comparison reveals that while Cathay Garden commands higher per-square-foot sale prices than immediate neighbors, its rental yields remain competitive. This premium reflects the development's mature positioning, freehold status, and appeal to quality-conscious buyers seeking established communities.
Financing Your Cathay Garden Purchase: A Practical Guide
For buyers planning to purchase at Cathay Garden, understanding financing mechanics is essential. Most banks offer 80-90% loan-to-value (LTV) financing for freehold landed properties, meaning you'll typically need 10-20% down payment. For a S$6 million terrace, this translates to S$600,000-S$1,200,000 upfront capital.
Monthly mortgage payments depend on your loan amount, tenure, and prevailing interest rates. Using Bank Rates Homejourney's mortgage calculator, you can model different scenarios. For example, a S$4.8 million loan (80% LTV on S$6M property) over 25 years at current rates would approximate S$25,000-S$28,000 monthly—manageable for investors targeting S$6,500+ monthly rental income.
ABSD Considerations: Additional Buyer's Stamp Duty applies based on buyer profile. First-time buyer citizens pay 0%, while investors and non-citizens face higher rates (up to 20% for foreign non-individuals). This significantly impacts total acquisition costs and should factor into your investment analysis.
CPF Usage: Singapore citizens can utilize CPF funds for property purchases, potentially reducing cash outlay requirements. Verify your CPF eligibility and available balances early in the buying process.
The Buying Process: From Search to Settlement
Step 1: Property Search and Viewing - Browse available Cathay Garden units for sale through Property Search Homejourney's property search platform. Filter by your budget, preferred unit size, and specific requirements. Schedule viewings with property agents to assess condition, layout, and renovation quality.
Step 2: Market Research and Valuation - Review detailed project analysis including historical transaction data, price trends, and comparable sales. This verification process ensures you're paying fair market value and not overpaying relative to recent transactions.
Step 3: Financial Preparation - Secure mortgage pre-approval from your bank. Prepare down payment funds and verify CPF eligibility. Calculate total acquisition costs including ABSD, legal fees, and agent commissions (typically 1-2%).
Step 4: Offer and Negotiation - Submit your offer through your agent. Cathay Garden's active market typically allows some negotiation, particularly for units requiring renovation. Successful offers typically land 2-5% below asking price depending on unit condition.
Step 5: Legal and Settlement - Engage a conveyancing lawyer to handle legal documentation, title verification, and settlement logistics. Timeline from accepted offer to completion typically spans 8-12 weeks.
Investment Potential: Capital Appreciation and Long-Term Outlook
Cathay Garden's investment appeal rests on multiple foundations. The freehold structure eliminates lease decay concerns that plague leasehold properties, supporting long-term value preservation. District 15's continued gentrification and infrastructure improvements—including enhanced MRT connectivity and commercial development—suggest positive capital appreciation potential.
Historical transaction data shows price stability with selective appreciation, particularly for renovated units commanding premium positioning. For investors with 5-10 year investment horizons, Cathay Garden offers the combination of steady rental yields (12-13% annualized) plus potential 2-3% annual capital appreciation, generating total returns of 14-16% annually.
The development's limited unit count (61 blocks fixed) and established community status reduce supply-side risks that plague newer developments. This scarcity dynamic supports long-term value stability and appreciation potential as Singapore's property market continues evolving.
Maintenance and Property Care: Protecting Your Investment
As a 30+ year old development, Cathay Garden terraces require proactive maintenance to preserve value and rental appeal. Key considerations include air conditioning system maintenance—critical in Singapore's tropical climate. Aircon Services Homejourney's recommended aircon servicing partners can ensure your cooling systems operate efficiently, protecting tenant comfort and rental income.
Regular inspections of plumbing, electrical systems, and structural elements help identify issues before they become costly problems. Many successful Cathay Garden investors budget 1-2% of annual rental income for maintenance reserves, ensuring funds availability for unexpected repairs.
Frequently Asked Questions About Cathay Garden Pricing and Buying
What's the typical price range for a 2,000 sqft Cathay Garden terrace in 2026?
Based on current market data, a well-maintained 2,000 sqft terrace typically prices between S$5.5-S$6.5 million (S$2,750-S$3,250 psf). Renovated units command premium pricing within this range, while units requiring work trade at the lower end. Recent transactions support this range, with April 2025 seeing a 1,641 sqft unit transact at S$5.3 million.
Is Cathay Garden a good investment compared to newer developments?
Cathay Garden offers distinct advantages over newer developments: freehold ownership (eliminating lease decay), established community appeal, proven rental demand, and lower entry price points than comparable new launches. The trade-off is that newer developments offer modern amenities and longer lease tenure. For investors prioritizing cash flow and capital preservation, Cathay Garden's established positioning provides compelling value.
What rental income should I expect from a Cathay Garden investment?
Current rental data shows 1,500-2,000 sqft units commanding S$6,000-S$7,000 monthly, representing approximately 1.2-1.4% gross monthly yield. Larger units (2,500-3,000 sqft) generate S$10,000 monthly. These yields translate to 12-16% annualized returns before accounting for maintenance costs and vacancy periods. Individual returns depend on unit condition, renovation quality, and tenant profile.
How much down payment do I need for a Cathay Garden purchase?
Most banks offer 80-90% LTV financing for freehold landed properties, requiring 10-20% down payment. For a S$6 million property, this means S$600,000-S$1,200,000 upfront. Additional costs include ABSD (0-20% depending on buyer profile), legal fees (approximately S$2,000-S$3,000), and agent commissions (1-2% of purchase price).
What makes Cathay Garden attractive despite being built in 1995?
Cathay Garden's age is actually an advantage: the freehold structure means no lease decay concerns, the established community offers proven tenant demand, and the mature landscaping provides lifestyle appeal that newer developments must build over time. The development's strategic East Coast location, proximity to MRT, schools, and shopping, combined with lower entry prices than comparable new launches, creates compelling value for both owner-occupiers and investors.
Start Your Cathay Garden Investment Journey with Homejourney
Cathay Garden represents a compelling opportunity for Singapore property buyers and investors seeking established freehold value in District 15's premium East Coast corridor. With transparent pricing data, verified transaction history, and strategic location advantages, the development offers both lifestyle appeal and investment potential.
At Homejourney, we prioritize your safety and success through verified information, transparent market analysis, and expert guidance. Our platform connects you with trusted agents, provides detailed project analysis, and offers financing tools to support confident decision-making.
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