BLOSSOM RESIDENCES
UrbanLens Analysis
BLOSSOM RESIDENCES trades at $1,262 PSF, sitting 14% below the District 23 median of $1,471 PSF. At 18 minutes from Bukit Panjang MRT (1460m), transit access is passable but not a differentiator. HILLHAVEN fetches $2,133 PSF nearby -- that 41% gap frames BLOSSOM RESIDENCES's relative value proposition.
A 7.4% appreciation over two years is healthy without looking frothy. 67 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE MYST has lost 0.4% over the same period.
With ~84 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 602 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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