Prime Residence

Prime Residence is a freehold apartment completed in 2014. It is developed by SPRINGLIFE DEVELOPMENT PTE LTD. The development occupies a land area of 608 sqm and a Gross Floor Area of 1,703 sqm. It consists of 39 units. According to records, buyers of this development are Singaporean 72.0%, PR 20.0%, Foreigner 4.0%, Company 4.0%.

PRIME RESIDENCE is located along Lorong 22 Geylang in Geylang, in District 14. It is accessible through the nearest MRTs including Mountbatten CC7 and Aljunied EW9.

Based on transaction data in the last 12 months, sale prices range from S$ 1,391 psf to S$ 1,391 psf at an average of S$ 1,391 psf. Its highest recorded transaction was S$ 1,391 psf in Apr 2022 for a 409-sqft unit. Its lowest recorded transaction was S$ 882 psf in Dec 2011 for a 893-sqft unit. Its current rental yield is at 5.6%. Other nearby amenities include: 3 Grocerie(s): HAO MART PTE. LTD., YEO HOCK HENG, B & S MINI MART PTE. LTD., and 2 Shopping Mall(s): GUILLEMARD VILLAGE, Pavilion Square.

Buyers and tenants are attracted to District 14, which covers Eunos, Geylang, Kembangan and Paya Lebar. It is one of the most historically and culturally rich zones. These areas comprise predominantly HDB flats, private non-landed homes and shophouses. Eunos, Kembangan and Aljunied MRT stations serves the district via East-West Line, while Paya Lebar MRT station is the interchange station of East-West Line and Circle-Line. Geylang is one of Singapore's Malay settlements, and is known for its rich Malay heritage. Visitors to Geylang Serai can enjoy the sights of Ramadan lights and various foods at the bazaar during Ramadan. The neighbourhood is also home to many shophouses and a rich nightlife scene. Major shopping malls in this district are Paya Lebar Square and Kallang Wave Mall, which offer a variety of retail and dining options. Separately, Paya Lebar is envisaged to be a new sub-regional centre with industrial, technological and commercial developments.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.