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Three 11

Upper Thomson Road · District 20 · Rest of Central Region (RCR) · Freehold

Three 11 is an apartment development in District 20 (RCR). Based on 23 URA-recorded transactions from 20212026, its median price is $1,580,000, with prices moving about 5%/yr.

The verdict · for an investor

Three 11 · Apartment · District 20 · Freehold

On balance, Three 11 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 9 min on foot; 3 supermarkets, 1 food & retail spot nearby.
  • Rentablesteady rental demand; transport and schools nearby keep tenants coming.

And what makes it better

  • Every unit type has risen — 3-bed +27.8%, 2-bed +4.3% since 2021.
  • A Primary-1 priority school within 1km — a real family draw.

What's holding it back

  • Its recent +5.0%/yr rode a hot cycle — don't bank on that pace repeating.
  • The market's near the top of its cycle — mind your entry price.
  • Larger units — entry starts around $1.96M, not an easy first step.

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

Above 4 of 6

mid-priced for the immediate area.

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.

~$2,083/sqft
6 sold here

What 936 sqft (3-bed) units go for here

$1.83Mmiddle ~$1.95M$2.07M

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 936 sqft sales

Jul 2026936 sqft · fl 01-05$2.10M$2,244 psf
Feb 2026936 sqft · fl 01-05$1.96M$2,094 psf
Jun 2025936 sqft · fl 01-05$1.95M$2,083 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 (~$4.34 psf/mo). Change it if you know better.

The rent you’d get

/mo
2.5% gross yield
Thina home to live in, not a rental earner — you're banking on price growth, not the rent. At a typical 75% loan, the rent covers ~59% of the mortgage — you’d top up ~$2,750/mo from your pocket.
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

$1.95M

Aim at the middle or below. A patient buyer has been getting closer to $1.88M.

If you’re selling

~$2.04M

List at the top of fair; realistic close is $1.95M–$1.97M 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$3.18M
Paper gain+$1.23M

Our blunt read: ~$1.23M 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 (~5.0%/yr), and past pace never promises the future.

Built from URA transactions for Three 11 — an opinion to decide and negotiate with, never a valuation and never financial advice.

If you’re buying — the outlook

Three 11

Rest of Central Region (RCR) · District 20 · ~$2,126 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 Three 11, its own prices have been flat lately. Over a 4-year hold, expect modest growth — not a big jump.

◀ HeadwindsTailwinds ▶

On balance, the wind is leaning to your favour.

!

What it means for you: At ~$2,126 psf, Three 11 is priced about level with similar new projects nearby — no bargain, but you're not overpaying versus its peers. Its own prices are still climbing (~5%/yr over ~5 years). You'd also be buying near the top of the cycle, so entry price matters. So — negotiate, 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 (Three 11)

About neutral

Three 11's own prices have gone flat over 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

About neutral

A moderate amount of new supply is coming to this district (~1,268 units, from 2030).

1.3k units
New launches selling

Supports prices

New launches in this district are selling well — 2 recent ones are around 100% sold, so buyer demand here is healthy right now.

100% 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? ~$2,126 psf is ~3% below similar nearby projects (~$2,192). about right

(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.

Three 11 has grown ~5%/yr over ~5 years. Similar nearby: Jadescape 3.7%, Sky Vue 4.4%, Braddell View 2.5%, Thomson Three 4.6%, The Gardens At Bishan 7.8% — a 2.57.8%/yr spread (most around 4.4%).

market ~4.6%
Three 5%
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 ~5%/yr, ~$2,584/sqft by year 4 — already past your target.
Likely hits it:about year 3 at its own ~5%/yr pace.
Best case:if it ran like its best neighbour (The Gardens At Bishan, ~7.8%/yr), about year 2.

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

$1,580,000

2021–2026 (URA)

Appreciation

5%/yr

median trend

Gross yield

rental n/a

Lease

Freehold

Three 11 median price per sqft, by year

2021$1,854 psf
2022$1,929 psf+4%
2023$2,013 psf+4.4%
2024$1,913 psf-5%
2025$2,110 psf+10.3%
2026$2,126 psf+0.8%

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

Does Three 11 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 Three 11

Questions people ask about Three 11

Is Three 11 freehold or leasehold?

Three 11 is a freehold development in District 20 (Rest of Central Region (RCR)). Freehold means there is no lease running down.

How much does Three 11 cost per square foot?

Recent transactions at Three 11 are around $2,126 psf. Across its record, transacted prices range from $985,000 to $3,000,000.

Which primary schools are near Three 11?

Within 1 km (top Primary 1 priority): Ai Tong School (0.65 km). Within 1–2 km: Catholic High School, Ang Mo Kio Primary School, Chij St. Nicholas Girls' School. Distances are straight-line — the basis MOE uses for P1 priority.

Which MRT station is nearest Three 11?

The nearest MRT is Upper Thomson MRT, about 510 m away (straight-line).

Has Three 11 gone up in value?

Across 23 URA-recorded transactions (2021–2026), prices at Three 11 have moved about 5% a year on average. That is a past record, not a forecast.

What condos are comparable to Three 11?

Within a short walk: Thomson Three, Thomson Impressions, The Gardens At Bishan, Thomson Grand, Bishan Park Condominium. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.

Is Three 11 a good buy?

Three 11 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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