Double Bay Residences Review — Tampines / Pasir Ris · D18
HuatScore: 79/100 — Solid Choice!
Is Double Bay Residences a good buy?
HuatScore rates Double Bay Residences 79/100 — a "Solid Choice!" verdict. That makes it a solid buy for buyers who prioritise a central, well-connected address and investors chasing a workable ~3.4% yield. Strongest card: Both anchors locked in. Main watch-out: District price gap is wide. Pricing is reasonable for the location at current market.
Last updated 2026-08-20 · scored against URA caveat data.
Key facts
- Verdict: Solid Choice!
- Region: Outside Central Region
- Tenure: 99-yr leasehold
- Completed: 2012
- Units: 646
- Developer: UOL Group / Kheng Leong
- Avg PSF: ~$1,304 psf
- Price from: S$1.08M
Live market data
- Resale transactions (12mo): 22
- Recent resale PSF: ~$1,450 psf
- Gross rental yield: 3.4%
What works in its favour
- Both anchors locked in: 465m to CHANGKAT PRIMARY SCHOOL and 346m (~4-min walk) to Simei MRT (Exit A). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- 3-bedder × investment — appreciation sweet spot: Sells into the deepest pool — owner-occupier families. That demand floor drives durable capital appreciation. The investor default for total return, not just headline yield.
What to watch out for
- District price gap is wide: New launch PSF is +38% above the 5–10 year resale median in Tampines / Pasir Ris. Market needs ~8 years of growth to match the entry price.
- 4 new launches competing in D18 · Tampines / Pasir Ris: 4 active private launches in your district right now. More competing supply softens both rental and resale pricing power.
Who Double Bay Residences suits
- Buyers who prioritise a central, well-connected address
- Yield investors — ~3.4% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
Simei MRT 4-min walk — slippers can already. Not the easiest to offload — hold long, sell slow.