Laverne's Loft for Sale in District 15: Complete Buyer's Guide

Laverne's Loft stands as one of District 15's most sought-after freehold condominiums, offering discerning buyers a rare combination of prime East Coast location, solid investment fundamentals, and vibrant community living. Located at 66 Lorong L Telok Kurau in the heart of Marine Parade, this 2013-built development has consistently attracted both owner-occupiers and savvy investors seeking exposure to one of Singapore's most desirable residential corridors.

Whether you're a first-time homebuyer exploring the East Coast market, an upgrader seeking your next property, or an investor analyzing District 15 opportunities, this comprehensive guide provides everything you need to make an informed purchasing decision at Laverne's Loft. At Homejourney, we've prioritized transparency and verification to ensure you have access to accurate, current market data and practical insights that empower confident property decisions.

Property Overview & Development Highlights

Laverne's Loft is a freehold condominium establishment comprising 44 units across a single block, completed in 2013. Its freehold tenure—a significant advantage in Singapore's property market—means you own the land in perpetuity with no lease expiry concerns, a critical consideration for long-term investors and owner-occupiers alike.

The development's strategic positioning on Lorong L Telok Kurau places it within the coveted Katong-Marine Parade precinct, an area renowned for its cosmopolitan character, heritage charm, and strong community identity. The location bridges the gap between the bustling East Coast corridor and the serene residential enclaves of Tanjong Rhu and Meyer, offering residents the best of both worlds.

Key Development Characteristics

• Tenure: Freehold (no lease expiry)
• Completion Year: 2013 (13 years established)
• Total Units: 44 units
• Building Configuration: Single block development
• Unit Mix: Studio, 1-bedroom, and 2-bedroom configurations
• Facilities: Condominium amenities typical of mid-range developments in this tier

The freehold status is particularly noteworthy in today's market. Unlike leasehold properties that depreciate as lease years decline, Laverne's Loft maintains stable long-term value, making it an attractive option for buyers planning to hold their property for 10+ years or seeking to build equity without lease decay concerns.

Available Units for Sale at Laverne's Loft

Laverne's Loft offers a curated mix of unit types designed to cater to different buyer profiles and lifestyle needs. The development's 44-unit composition provides adequate selection while maintaining an intimate community feel—a sweet spot that many larger developments fail to achieve.

Unit Types & Configuration Guide

Note: Price ranges based on recent transaction data from January 2020 through May 2025. Actual prices vary based on unit condition, floor level, orientation, and market conditions. Prices shown are indicative and should be verified with current listings.

Current Market Activity

Based on recent transaction patterns, the most actively traded units at Laverne's Loft are 1-bedroom configurations, representing approximately 36% of rental volume in the development. This high turnover suggests strong liquidity—meaning you'll have a ready market if you decide to sell or rent your unit in the future. This is a critical consideration for buyers concerned about exit strategies.

The 2-bedroom units, while commanding higher absolute prices, offer exceptional value for families seeking more space without the premium associated with larger developments. These units typically feature better layouts and more flexibility for home office arrangements—increasingly important in Singapore's hybrid work environment.

Browse Available Units on Homejourney

To view current listings, floor plans, and detailed unit specifications for properties available at Laverne's Loft, visit Property Search and search for Laverne's Loft. Our verified listings include high-resolution photography, virtual tours where available, and direct agent contact information to facilitate your property viewing.

Why Buy at Laverne's Loft: Key Value Propositions

1. Freehold Tenure with Perpetual Land Ownership

In Singapore's property market, freehold status is increasingly rare and valuable. Laverne's Loft offers permanent land ownership with no lease expiry concerns—a fundamental advantage that protects your investment's long-term value. Unlike leasehold properties that face depreciation as lease years decline, your Laverne's Loft unit maintains intrinsic value indefinitely. This is particularly important for buyers in their 40s and 50s who may be concerned about 99-year leases decaying during their ownership period.

2. Prime East Coast Location with Established Infrastructure

Lorong L Telok Kurau positions Laverne's Loft at the intersection of convenience and lifestyle. The area boasts mature infrastructure, established community networks, and proximity to both commercial and recreational amenities. Unlike emerging estates still under development, you're buying into a fully-formed neighborhood with proven demand and stability.

3. Excellent Rental Yield Potential

Current rental yield at Laverne's Loft stands at 5.3%, significantly higher than many comparable developments in District 15. For investors, this translates to strong cash flow returns. A S$1.0M unit yielding 5.3% generates approximately S$53,000 in annual rental income, or roughly S$4,400 monthly. This yield profile attracts both local and international investors seeking stable, income-generating assets.

4. Diverse Unit Mix for Different Buyer Profiles

Whether you're a first-time buyer seeking an entry-level property, a young professional wanting a compact urban home, or a family requiring more space, Laverne's Loft's varied unit configurations ensure options for different life stages and budgets. This diversity also supports long-term value stability—developments with mixed unit types typically experience more stable pricing than single-type developments.

5. Established Community with 13 Years of Track Record

Completed in 2013, Laverne's Loft has over a decade of proven performance data. You're not buying into an untested development—you're acquiring a property with a documented history of transaction prices, rental performance, and community stability. This transparency is invaluable for informed decision-making.

6. Strategic Access to East Coast Park & Recreational Facilities

Residents enjoy immediate proximity to East Coast Park, Singapore's largest coastal park spanning 15 kilometers. This recreational asset—free and accessible to all residents—significantly enhances lifestyle quality and supports property values. Families particularly value this proximity for weekend activities and outdoor recreation.

Current Price Analysis & Market Trends

Recent Transaction Data (January 2020 - May 2025)

Data source: URA transaction records. Prices reflect actual completed sales and may not be representative of all units. Current market conditions may differ from historical data.

Price Trend Analysis

The price trajectory from S$756 psf in January 2020 to S$1,647 psf by July 2025 represents significant appreciation, reflecting both market recovery post-COVID and genuine demand for quality freehold properties in prime locations. The 94% appreciation over five years substantially outpaces inflation and demonstrates the value-creation potential of well-located District 15 properties.

Notably, the highest recorded transaction of S$1,883 psf occurred in May 2025 for a 398-sqft studio unit, indicating strong investor appetite for compact, high-yield units. This pricing suggests premium units in superior condition or with favorable layouts command meaningful price premiums.

Market Positioning Within District 15

At S$1,647 psf average, Laverne's Loft positions itself competitively within District 15's broader market. The freehold status justifies a premium relative to leasehold properties in the same area, while the established 2013 completion date and proven rental yield support current valuations. Properties in comparable locations with shorter remaining lease periods typically command lower prices, making Laverne's Loft's freehold status a meaningful value differentiator.

Price Outlook Considerations

Several factors support positive medium-term price outlook for Laverne's Loft:

• Freehold Scarcity: New freehold developments are increasingly rare in Singapore, enhancing the relative value of existing freehold stock
• East Coast Desirability: District 15 remains one of Singapore's most sought-after residential areas, with consistent demand from both owner-occupiers and investors
• Infrastructure Maturity: The area's fully-developed infrastructure and established community reduce investment uncertainty
• Rental Demand: Strong 5.3% rental yield indicates robust tenant demand, supporting price stability

However, property investments carry inherent risks. Market cycles, interest rate changes, and broader economic conditions can impact prices. Buyers should conduct thorough due diligence and consult financial advisors before making purchase decisions.

Location Advantages & District 15 Benefits

MRT Connectivity & Transportation

Laverne's Loft benefits from excellent public transportation access, critical for property value and resident convenience. The nearest MRT stations are:

• Marine Terrace (TE27): Approximately 400-500 meters walking distance (~6-7 minutes on foot)
• Marine Parade (TE26): Approximately 600-700 meters walking distance (~8-10 minutes on foot)

Both stations serve the Thomson-East Coast Line (TEL), providing direct connectivity to major employment centers including Orchard, Marina Bay, and Changi Airport. This accessibility significantly enhances the property's appeal to working professionals and investors seeking tenant-friendly locations.

Beyond MRT access, the development is well-served by bus routes, with 16 bus stops within 500 meters. This redundancy in public transportation options ensures residents have flexible commuting choices and reduces dependency on private vehicles.

Educational Institutions

District 15 hosts several well-regarded educational institutions, making it attractive for families:

• Primary Schools: Tanjong Katong Primary School, Katong Primary School (within 1-2 km)
• Secondary Schools: Haig Girls' School, Bedok View Secondary School (within 2-3 km)
• International Schools: Chatsworth International School (approximately 3 km away)

The concentration of quality schools supports family-oriented buyers and contributes to stable property demand from this demographic segment.

Shopping & Dining Amenities

Residents enjoy exceptional shopping and dining options within walking distance:

• Shopping Malls: Katong Point, i12 Katong, and Katong Square—all within 1-2 km, offering diverse retail, dining, and entertainment options
• Supermarkets: NTUC FairPrice Co-operative, Cold Storage Singapore, and specialty grocers provide convenient daily shopping
• Dining Scene: Joo Chiat Road and surrounding streets host numerous restaurants, cafes, and hawker centers reflecting the area's multicultural character

This retail density supports both owner-occupier lifestyle and rental appeal—tenants value convenient access to shopping and dining without requiring car travel.

Parks & Recreation

East Coast Park, Singapore's flagship coastal park, is immediately adjacent to the development. This 15-kilometer recreational corridor offers:

• Beach access and water sports facilities
• Cycling paths and jogging tracks
• Picnic areas and barbecue facilities
• Free public access (no entrance fees)

This recreational asset significantly enhances lifestyle quality and supports property values, particularly for families and health-conscious residents.

District 15 Market Dynamics

District 15 encompasses Katong, Siglap, Tanjong Rhu, Meyer, Marine Parade, Amber Road, and Joo Chiat—a diverse precinct attracting multiple buyer segments:

• Owner-Occupiers: Families seeking established neighborhoods with strong community identity and lifestyle amenities
• Investors: Seeking stable rental yields and capital appreciation in a mature, proven market
• Upgraders: Moving from HDB or smaller condominiums to larger, premium properties
• Expats: Relocating to Singapore and seeking established, cosmopolitan neighborhoods

This diverse buyer base supports strong and stable demand, reducing market volatility and supporting long-term value stability.

Financing Your Purchase: A Comprehensive Guide

Estimated Monthly Payments by Unit Type

Understanding financing requirements is critical for purchase planning. The following estimates assume a 70% loan-to-value (LTV) ratio, 3.5% interest rate, and 25-year loan tenure—typical parameters for Singapore property purchases in 2026:

Note: Estimates are illustrative only and based on assumed interest rates and loan terms. Actual payments vary based on individual bank rates, loan tenure, and market conditions. Use Homejourney's mortgage calculator for personalized estimates.

Down Payment & Financing Requirements

Singapore property purchases typically require a 25-30% down payment, with banks financing up to 75% of the property value (or 80% for HDB upgraders with specific criteria). For Laverne's Loft purchases:

• Minimum Down Payment: 25% of purchase price (approximately S$157K-S$302K depending on unit type)
• Typical Down Payment: 30% (S$189K-S$363K) provides better loan terms and lower interest rates
• Maximum Loan Amount: 75% LTV for most buyers; 80% LTV available for specific upgrader categories

The down payment represents your equity stake and is typically funded through personal savings, CPF ordinary account funds, or a combination of both.

CPF Usage for Laverne's Loft Purchase

Singapore citizens and permanent residents can utilize CPF funds to finance property purchases, significantly reducing cash requirements:

• CPF Ordinary Account (OA): Can be used for down payment and mortgage payments up to the property's valuation
• CPF Special Account (SA): Cannot be used for property purchases (reserved for retirement)
• Accrued Interest: Must remain in CPF account (minimum S$20,000 for CPF members over 55)

For a S$880K 1-bedroom unit, a buyer with S$200K in CPF OA could potentially fund the entire down payment through CPF, reducing cash requirements to zero. This flexibility makes property ownership more accessible for Singaporean buyers.

Additional Buyer Stamp Duty (ABSD) Considerations

ABSD applies to property purchases based on buyer profile and citizenship status. As of 2026, rates are:

• Singapore Citizens (First Property): No ABSD
• Singapore Citizens (Second Property): 15% ABSD
• Singapore Citizens (Third+ Property): 15% ABSD
• Permanent Residents (First Property): 5% ABSD
• Permanent Residents (Subsequent Properties): 15% ABSD
• Foreigners: 20% ABSD

For a S$880K 1-bedroom unit, ABSD for a citizen purchasing their second property would be approximately S$132,000—a significant cost that should be factored into total purchase budget.

Obtaining Pre-Approval & Mortgage Rates

Before committing to a property, obtain mortgage pre-approval from your bank. This process involves:

• Submitting financial documentation (payslips, tax returns, CPF statements)
• Bank assessment of your borrowing capacity
• Confirmation of indicative interest rate and loan terms

Current mortgage rates in Singapore typically range from 3.0% to 3.8% depending on bank, tenure, and market conditions. Use Bank Rates to compare current rates from major Singapore banks and understand your borrowing capacity.

Conveyancing Costs & Additional Expenses

Beyond the purchase price and down payment, budget for additional costs:

• Legal Fees: S$1,500-S$2,500 (conveyancing and legal documentation)
• Valuation Fee: S$300-S$600 (bank-required property valuation)
• Stamp Duty: Calculated based on purchase price (typically 1-4% depending on price tier)
• Agent Commission: Typically 1-2% split between buyer and seller agents (may be negotiable)
• Inspection & Survey: Optional but recommended (S$300-S$800)

Total ancillary costs typically range from 4-8% of purchase price, so budget accordingly in your total purchase budget.

The Buying Process Explained: Step-by-Step Guide

Step 1: Property Search & Initial Viewing

Begin by browsing available units at Laverne's Loft through Property Search . Review unit specifications, floor plans, pricing, and agent information. Schedule viewings during different times of day to assess natural lighting, traffic noise, and neighborhood character. Pay attention to unit condition, layout efficiency, and views—these factors significantly impact both personal satisfaction and future resale value.

Step 2: Financial Preparation & Pre-Approval

Before making an offer, secure mortgage pre-approval from your bank. Prepare required documentation including recent payslips, tax returns, CPF statements, and bank account statements. Understanding your maximum borrowing capacity prevents pursuing properties beyond your financial reach and strengthens your negotiating position with sellers.

Step 3: Make an Offer & Negotiate Terms

Once you've identified your target unit, work with the agent to submit a written offer. Offers typically include proposed purchase price, proposed completion date, and any conditions (such as satisfactory inspection or financing approval). Be prepared for counter-offers and negotiation—most transactions involve multiple offer rounds before reaching agreement.

Step 4: Acceptance & Option to Purchase

Once offer and counter-offer align, the seller issues an Option to Purchase (OTP). This legally binding document outlines purchase terms, price, completion date, and conditions. You typically have 5-7 days to review the OTP and decide whether to proceed. During this period, engage a lawyer to review the OTP and advise on any concerns.

Step 5: Exercise the Option & Commit Funds

To exercise the OTP, you must submit the signed document and pay the option fee (typically 1% of purchase price) to the seller's lawyer. This commits you to the purchase and triggers the formal conveyancing process. At this stage, you're financially committed, so ensure all due diligence is complete.

Step 6: Formal Conveyancing & Legal Documentation

Your lawyer engages with the seller's lawyer to prepare formal conveyancing documents. This involves reviewing the property's title, checking for encumbrances or restrictions, and preparing the sales and purchase agreement. The process typically takes 2-4 weeks and involves multiple document exchanges and clarifications.

Step 7: Property Inspection & Valuation

Arrange an independent property inspection to identify any defects or maintenance issues. Simultaneously, your bank arranges a professional valuation to confirm the property's market value supports the loan amount. These processes typically occur in parallel and take 1-2 weeks.

Step 8: Mortgage Approval & Formal Loan Commitment

Once your bank completes its valuation and reviews all documentation, it issues formal mortgage approval. This commitment letter specifies the loan amount, interest rate, tenure, and conditions. Review this carefully to ensure terms match your expectations and pre-approval discussions.

Step 9: Completion & Fund Transfer

On the agreed completion date, your lawyer coordinates fund transfers. You transfer your down payment and closing costs to the seller's lawyer, while your bank simultaneously transfers the mortgage funds. Once all funds clear, the property is officially yours, and you receive the keys.

Step 10: Post-Completion Formalities