BOATHOUSE RESIDENCES
UrbanLens Analysis
BOATHOUSE RESIDENCES commands $1,373 PSF -- 7% below what District 19 typically fetches ($1,472 PSF). Hougang MRT is 1321m away (17-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 47% discount is worth examining closely.
Prices are up 9.8% over two years, reflecting genuine buyer interest without bubble-level exuberance. 44 transactions over two years gives deep liquidity and reliable pricing signals. For context, AFFINITY AT SERANGOON has gained 2.6% over the same period.
Roughly 84 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the OCR average of 3.4%. At $4,314/month median rent, income is market-rate -- neither a standout nor a weakness.
The 493-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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