CAMELOT BY-THE-WATER
UrbanLens Analysis
CAMELOT BY-THE-WATER trades at $1,530 PSF, sitting 9% below the District 15 median of $1,689 PSF. The 3-minute walk to Tanjong Rhu MRT (242m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 52% gap frames CAMELOT BY-THE-WATER's relative value proposition.
A 15.6% drop in two years is a genuine correction. Bargain hunters take note, but only with clear conviction about the recovery thesis. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE CONTINUUM has gained 5.0% over the same period.
Around 69 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 99-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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