BLUWATERS 2
UrbanLens Analysis
At $1,185 PSF, BLUWATERS 2 prices 0% above the District 17 median. Compare that to KASSIA at $2,065 PSF -- a 43% premium that buyers need to justify. The 22-minute walk to Pasir Ris MRT (1799m) is workable, though not the kind of proximity that commands a premium on its own.
The 10.6% gain in two years signals steady demand -- solid, not speculative. 6 transactions over two years is modest; the trend is directional, not definitive. For context, PARC OLYMPIA has gained 7.2% over the same period.
The 946-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 71 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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