CHERRY GARDENS
UrbanLens Analysis
CHERRY GARDENS commands $869 PSF -- 41% below what District 19 typically fetches ($1,472 PSF). Serangoon MRT is 654m away (8-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 67% discount is worth examining closely.
The 17.8% two-year decline puts this in correction territory. Catching a falling knife requires a strong view on why the trend reverses. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, AFFINITY AT SERANGOON has gained 2.6% 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. 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 48 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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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