1953
UrbanLens Analysis
1953 trades at $1,687 PSF, sitting 5% above the District 08 median of $1,607 PSF. At 6 minutes from Farrer Park MRT (483m), transit access is passable but not a differentiator. STURDEE RESIDENCES fetches $2,122 PSF nearby -- that 20% gap frames 1953's relative value proposition.
A 11.7% drop in two years is a genuine correction. Bargain hunters take note, but only with clear conviction about the recovery thesis. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, CITYSCAPE @FARRER PARK has gained 7.9% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. At 4.3% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $5,602/month median rent makes this genuinely compelling for income investors.
The 58-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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