368 THOMSON
UrbanLens Analysis
At $1,847 PSF, 368 THOMSON prices 7% below the District 11 median. Compare that to WATTEN HOUSE at $3,264 PSF -- a 43% premium that buyers need to justify. The 9-minute walk to Novena MRT (749m) is workable, though not the kind of proximity that commands a premium on its own.
A 2.2% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. With 15 deals in two years, the pricing data has reasonable statistical weight. For context, AMARYLLIS VILLE has gained 8.8% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Gross yield of 2.7% tracks the CCR average of 3.0%. At $4,002/month median rent, income is market-rate -- neither a standout nor a weakness.
At 157 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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