BIJOU
UrbanLens Analysis
BIJOU commands $1,987 PSF -- 23% above what District 05 typically fetches ($1,618 PSF). Pasir Panjang MRT sits just 88m away (1-min walk), a clear connectivity win. Against ELTA at $2,547 PSF, the 22% discount is worth examining closely.
A 7.5% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. 4 transactions over two years is modest; the trend is directional, not definitive. For context, NORMANTON PARK has gained 10.3% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.6% tracks the RCR average of 3.5%. At $3,701/month median rent, income is market-rate -- neither a standout nor a weakness.
At 120 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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