Silversea Review — Upper East Coast · D15
HuatScore: 73/100 — Solid Choice!
Is Silversea a good buy?
HuatScore rates Silversea 73/100 — a "Solid Choice!" verdict. That makes it a solid buy for value-focused buyers comfortable with the location tradeoff and investors chasing a workable ~3.2% 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: Rest of Central Region
- Tenure: 99-yr leasehold
- Completed: 2008
- Units: 492
- Developer: Far East Organization
- Avg PSF: ~$2,150 psf
- Price from: S$1.3M
Live market data
- Resale transactions (12mo): 27
- Recent resale PSF: ~$2,220 psf
- Gross rental yield: 3.1%
What works in its favour
- Both anchors locked in: 653m to TANJONG KATONG PRIMARY SCHOOL and 327m (~4-min walk) to Marine Parade MRT (Exit 2). 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.
- Hot resale demand: Demand pulse 90/100 — 27 resales in the last 12 months. Units turn over fast; easy to find buyers when you exit.
- 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 +26% above the 5–10 year resale median in Katong / East Coast. Market needs ~6 years of growth to match the entry price.
- Thin future upgrader pool: Live count: 3 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 118 HDB blocks total within 2km). Narrow pool to absorb your resale — demand leans more on private-market churn here.
- 5 new launches competing in D15 · Katong / East Coast: 5 active private launches in your district right now. More competing supply softens both rental and resale pricing power.
Who Silversea suits
- Value-focused buyers comfortable with the location tradeoff
- Yield investors — ~3.2% 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
#3 of 256 condos in D15 for resale volume — this one moves. 5 launches in the same district — exit kena squeeze.