ALBA

CAIRNHILL RISE
RESALE CONDODistrict 09
Newton MRT · 7 min walk (590m)CCRFreehold
Total Units
50
2Y PSF Change
-100.0%
0 txns in 24m
Median PSF
3,159
25.8% QoQ
Total Sales
4
since 2021-08
Price Range
$4.4M$26.4M
all-time
Unit Size
3,089 sqft
Floors 616
PSF MOVEMENT ALERT — 2023-Q2
Median PSF rose 25.8% quarter-on-quarter (from $3,170 in 2021-Q4 to $3,989 in 2023-Q2). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

ALBA trades at $0 PSF, roughly in line with the D09 median ($2,215). At 7 minutes to Newton MRT, connectivity is serviceable but falls short of the doorstep premium bracket. In this pocket, SOPHIA HILLS commands $2,128 PSF while THE COLLECTIVE AT ONE SOPHIA sits at $2,767, placing ALBA in the value tier.

Extremely thin liquidity is a red flag, with 0 transactions over 24 months showing 100% decline. That trails SOPHIA HILLS's 3.6% gain, suggesting relative underperformance.

No rental yield data is available, making it harder to assess the income case. For a rough proxy, SOPHIA HILLS nearby yields 3.85% at $2,128 PSF — use that as a benchmark when evaluating rental potential. The freehold tenure removes lease-decay risk entirely — a structural advantage that compounds over longer holding periods.

Verdict: neutral. At today's price, this is neither compelling nor avoidable. Against SOPHIA HILLS at $2,128 PSF, ALBA offers genuine value. At 100% below the CCR median of $2,151, pricing reflects relative value within the segment. D09 has 176 active condos — a crowded field where differentiation matters.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
RIVER GREEN$3,1250.0%
THE ROBERTSON OPUS$3,3590.0%
THE COLLECTIVE AT ONE SOPHIA$2,7670.0%
SOPHIA HILLS$2,1283.9%+3.6%
HILL HOUSE$3,081+1.3%

PSF Trend

Quarterly
2,309
2021-Q3
3,170
2021-Q4
3,989
2023-Q2

Recent Transactions

Data refreshed monthly · Last transaction: Apr 2023
DatePriceSizePSFFloor
Apr 2023$7,600,0001,905 sqft$3,98911-15
Nov 2021$26,380,0006,437 sqft$4,09816-20
Oct 2021$4,728,8882,110 sqft$2,24106-10
Aug 2021$4,400,0001,905 sqft$2,30906-10
Showing 4 of 4 transactions

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