CHERRYHILL
UrbanLens Analysis
CHERRYHILL commands $1,686 PSF -- 15% above what District 19 typically fetches ($1,472 PSF). Serangoon MRT is 591m away (7-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 35% discount is worth examining closely.
Prices have surged 22.0% in two years. That is strong performance, though buyers entering now face elevated downside risk. 5 transactions over two years is modest; the trend is directional, not definitive. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.6% yield trails the OCR average of 3.4%. At $3,836/month median rent, this is a capital-appreciation bet, not an income play.
The 163-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 |
|---|---|---|---|
| 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
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.