CASUARINA COVE
UrbanLens Analysis
At $1,623 PSF, CASUARINA COVE prices 4% below the District 15 median. Compare that to MEYER BLUE at $3,205 PSF -- a 49% premium that buyers need to justify. Being 2 minutes on foot from Tanjong Rhu MRT (133m) adds genuine convenience and supports the pricing.
The 11.1% gain in two years signals steady demand -- solid, not speculative. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, GRAND DUNMAN has gained 0.4% over the same period.
Around 66 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. The 2.6% yield trails the RCR average of 3.5%. At $5,243/month median rent, this is a capital-appreciation bet, not an income play.
The 160-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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