ALEXIS
UrbanLens Analysis
At $1,788 PSF, ALEXIS prices 18% below the District 03 median. Compare that to ZYON GRAND at $3,046 PSF -- a 41% premium that buyers need to justify. Being 5 minutes on foot from Queenstown MRT (381m) adds genuine convenience and supports the pricing.
Prices have essentially flatlined over two years (+1.6%), suggesting a market in equilibrium. With 18 deals in two years, the pricing data has reasonable statistical weight. For context, STIRLING RESIDENCES has gained 5.5% 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. At 4.1% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $3,349/month median rent makes this genuinely compelling for income investors.
With 293 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
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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