ALESSANDREA
UrbanLens Analysis
ALESSANDREA trades at $1,858 PSF, sitting 15% below the District 03 median of $2,186 PSF. At 8 minutes from Redhill MRT (655m), transit access is passable but not a differentiator. ZYON GRAND fetches $3,046 PSF nearby -- that 39% gap frames ALESSANDREA's relative value proposition.
A 11.8% appreciation over two years is healthy without looking frothy. 7 transactions over two years is modest; the trend is directional, not definitive. For context, AVENUE SOUTH RESIDENCE has lost 2.8% 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. Gross yield of 2.6% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 105 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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