CASA IRRAWADDY
UrbanLens Analysis
CASA IRRAWADDY trades at $1,679 PSF, sitting 7% above the District 12 median of $1,562 PSF. At 7 minutes from Novena MRT (556m), transit access is passable but not a differentiator. THE ORIE fetches $2,723 PSF nearby -- that 38% gap frames CASA IRRAWADDY's relative value proposition.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. 5 transactions over two years is modest; the trend is directional, not definitive. For context, THE ARCADY AT BOON KENG has gained 1.6% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. 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 just 30 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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