CENTRO RESIDENCES
UrbanLens Analysis
At $1,980 PSF, CENTRO RESIDENCES prices 15% above the District 20 median. Compare that to JADESCAPE at $2,239 PSF -- a 12% premium that buyers need to justify. Being 2 minutes on foot from Ang Mo Kio MRT (152m) adds genuine convenience and supports the pricing.
The 13.5% gain in two years signals steady demand -- solid, not speculative. With 30 deals in two years, the pricing data has reasonable statistical weight. For context, BRADDELL VIEW has gained 2.4% over the same period.
With ~80 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 2.7% yield trails the OCR average of 3.4%. At $4,915/month median rent, this is a capital-appreciation bet, not an income play.
With 329 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| JADESCAPE | $2,239 | 3.2% | +6.9% |
| BRADDELL VIEW | $1,029 | — | +2.4% |
| THE PANORAMA | $1,994 | 3.0% | +8.1% |
| SKY HABITAT | $1,844 | 2.8% | +6.1% |
| THE GARDENS AT BISHAN | $1,733 | 2.6% | +18.2% |
PSF Trend
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