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Legenda At Joo Chiat

Joo Chiat Lane · District 15 · Rest of Central Region (RCR) · 99 yrs lease commencing from 2001

Legenda At Joo Chiat is a condominium development in District 15 (RCR). Based on 21 URA-recorded transactions from 20212026, its median price is $1,638,000, with prices moving about 6.6%/yr.

The verdict · for an investor

Legenda At Joo Chiat · Condominium · District 15 · Leasehold

On balance, Legenda At Joo Chiat points up.

Strong track record — the fundamentals buyers pay up for are here.

HeadwindsMixedTailwinds

Why it's pushing up

What matters most for you

  • ConvenientMRT about 15 min on foot; 18 supermarkets, 8 food & retail spots nearby.
  • Rentablesteady rental demand; transport and schools nearby keep tenants coming.

And what makes it better

  • Every unit type has risen — 4-bed +29.0%, 5-bed +12.7% since 2021.
  • A Primary-1 priority school within 1km — a real family draw.

What's holding it back

  • Leasehold, ~74 years left — the lease clock weighs on price and financing the older it gets.
  • Its recent +6.6%/yr rode a hot cycle — don't bank on that pace repeating.
  • MRT is a real walk — Eunos MRT, about 15 min.

Should I buy?

Worth a look

If you'll hold 5+ years and don't overpay.

Rental yield

no rent record yet

Priced vs nearby

Cheapest nearby

priced under the walkable neighbours.

See if it fits my budget →

Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.

The priceIs my price fair?

Pick your exact unit — then check your price

Your unit’s exact size

Every real size that has sold here (URA caveats). Pick yours — or the closest.

~$1,347/sqft
5 sold here

What 1,216 sqft (4-bed) units go for here

$1.54Mmiddle ~$1.64M$1.74M

The price they’re asking

Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.

Recent 1,216 sqft sales

Nov 20241,216 sqft · fl 01-05$1.73M$1,421 psf
May 20241,216 sqft · fl 01-05$1.76M$1,447 psf
Nov 20221,216 sqft · fl 01-05$1.64M$1,347 psf
The rentWhat would it earn?

What it rents for — and if that works

Not yet renting here — so we’ve estimated from what comparable condos nearby rent for (~$5.07 psf/mo). Change it if you know better.

The rent you’d get

/mo
4.5% gross yield
Stronggenuinely rentable, and rare at this price. At a typical 75% loan, the rent fully covers the mortgage — it pays for itself.
Our readSo what should I do?

The price to fight for — and the endgame

No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.

If you’re buying

$1.64M

Aim at the middle or below. A patient buyer has been getting closer to $1.58M.

If you’re selling

~$1.71M

List at the top of fair; realistic close is $1.64M–$1.66M unless it’s a high floor.

Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.

The reality check — does the gain even make sense?

Likely worth then$3.10M
Paper gain+$1.47M

Our blunt read: ~$1.47M over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~6.6%/yr), and past pace never promises the future.

Built from URA transactions for Legenda At Joo Chiat — an opinion to decide and negotiate with, never a valuation and never financial advice.

If you’re buying — the outlook

Legenda At Joo Chiat

Rest of Central Region (RCR) · District 15 · ~$1,172 psf

own price

Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Legenda At Joo Chiat, its own prices have been flat lately. Over a 4-year hold, expect sideways-to-modest — not a big jump.

◀ HeadwindsTailwinds ▶

On balance, the wind is roughly even.

!

What it means for you: At ~$1,172 psf, Legenda At Joo Chiat is priced below similar new projects nearby — good value against its peers. Its own prices are still climbing (~6.6%/yr over ~5 years). The real watch-out: about 2,896 brand-new units come up for sale in this district by 2028 — direct competition for when you sell. Buying near the top of the cycle just as that lands can cap your gains. So — use the incoming supply as your reason to negotiate the price down now, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.

The signals behind it

Dots show how much weight each one carries.

Where we are in the cycle

Holds prices back

Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.

This project (Legenda At Joo Chiat)

Holds prices back

Legenda At Joo Chiat's own prices have softened — about -16% in the latest year.

Your area vs the rest

About neutral

The city fringe (RCR) sits in the middle of the three areas on long-run growth.

Government cooling measures

Holds prices back

The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.

Home-loan rates

Supports prices

Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.

Prices vs salaries

Supports prices

Against salaries, prices aren't expensive by past standards — people can still afford to buy.

New people moving in

Supports prices

Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.

New supply nearby

Holds prices back

About 2,896 new units are still unsold in this district, with the first big batch finishing around 2028 — plenty of fresh supply that can hold prices and rents back.

2.9k units
New launches selling

Supports prices

New launches in this district are selling well — 15 recent ones are around 91% sold, so buyer demand here is healthy right now.

91% sold
New land being released

Holds prices back · small effect

The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.

Foreign buyers

Holds prices back · small effect

Foreign buyers are almost gone since the 60% tax (~1.4% of buyers) — a small drag on the city fringe.

1.4% foreign
Rents (Singapore-wide)

About neutral

Rents across Singapore have flattened out lately.

Money ready to spend

Supports prices · small effect

There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.

The wider economy

Supports prices · small effect

The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.

Building costs

Supports prices · small effect

Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.

Supports pricesHolds prices backNeutral

Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.

How far could it go — and when?

Is the price high? ~$1,172 psf is ~57% below similar nearby projects (~$2,728). good value

(The whole city fringe average is ~$1,830 psf — but that lumps in older stock, so we compare like with like, not against that.)

What’s realistic here? Its own record and its real neighbours — not the market.

Legenda At Joo Chiat has grown ~6.6%/yr over ~5 years. Similar nearby: Grand Dunman 5.5%, Emerald Of Katong 6.3%, The Continuum -2.1%, Tembusu Grand 5.6%, Liv @ Mb 3.1% — a -2.16.3%/yr spread (most around 5.5%).

market ~4.6%
Legenda 6.6%
0%/yr4%8%/yr

You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.

What price per sqft are you hoping to sell at one day?

$psf
Yes, by the time you can sell
Sell earliest (yr 4):at its own ~6.6%/yr, ~$1,513/sqft by year 4 — already past your target.
Likely hits it:about year 3 at its own ~6.6%/yr pace.
Best case:if it ran like its best neighbour (Emerald Of Katong, ~6.3%/yr), about year 3.

Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.

Median price

$1,638,000

2021–2026 (URA)

Appreciation

6.6%/yr

median trend

Gross yield

rental n/a

Lease

~74 yrs left

leasehold

Legenda At Joo Chiat median price per sqft, by year

2021$1,067 psf
2022$1,208 psf+13.2%
2023$1,341 psf+11%
2024$1,434 psf+6.9%
2025$1,388 psf-3.2%
2026$1,172 psf-15.6%

Median PSF of actual URA transactions each year, with year-on-year change.

Does Legenda At Joo Chiat fit your budget?

GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.

Plan your purchase →

Units for sale at Legenda At Joo Chiat

Questions people ask about Legenda At Joo Chiat

Is Legenda At Joo Chiat freehold or leasehold?

Legenda At Joo Chiat is on a 99-year lease that began in 2001, so about 74 years remain. It sits in District 15 (Rest of Central Region (RCR)).

How much does Legenda At Joo Chiat cost per square foot?

Recent transactions at Legenda At Joo Chiat are around $1,172 psf. Across its record, transacted prices range from $1,330,000 to $2,300,000.

Which primary schools are near Legenda At Joo Chiat?

Within 1 km (top Primary 1 priority): Haig Girls' School (0.14 km), Tanjong Katong Primary School (0.87 km). Within 1–2 km: Chij (katong) Primary, Tao Nan School, Kong Hwa School. Distances are straight-line — the basis MOE uses for P1 priority.

Which MRT station is nearest Legenda At Joo Chiat?

The nearest MRT is Eunos MRT, about 790 m away (straight-line).

Has Legenda At Joo Chiat gone up in value?

Across 21 URA-recorded transactions (2021–2026), prices at Legenda At Joo Chiat have moved about 6.6% a year on average. That is a past record, not a forecast.

What condos are comparable to Legenda At Joo Chiat?

Within a short walk: Parc Esta, The Continuum, Haig Court, Katong Regency, Tembusu Grand. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.

Is Legenda At Joo Chiat a good buy?

Legenda At Joo Chiat sits in Rest of Central Region (RCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.

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