CENTRA STUDIOS
UrbanLens Analysis
CENTRA STUDIOS commands $1,704 PSF -- 15% above what District 14 typically fetches ($1,488 PSF). Aljunied MRT sits just 227m away (3-min walk), a clear connectivity win. Against PARC ESTA at $2,271 PSF, the 25% discount is worth examining closely.
Prices have essentially flatlined over two years (+2.2%), suggesting a market in equilibrium. 5 transactions over two years is modest; the trend is directional, not definitive. For context, PENROSE has gained 18.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. At 4.9% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $2,630/month median rent makes this genuinely compelling for income investors.
The 51-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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