CITY GATE
UrbanLens Analysis
CITY GATE commands $2,124 PSF -- 3% above what District 07 typically fetches ($2,069 PSF). Nicoll Highway MRT sits just 343m away (4-min walk), a clear connectivity win. Against MIDTOWN MODERN at $3,135 PSF, the 32% discount is worth examining closely.
Prices have essentially flatlined over two years (+3.8%), suggesting a market in equilibrium. 39 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE M has lost 7.8% over the same period.
With ~87 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 2.8% yield trails the RCR average of 3.5%. At $3,666/month median rent, this is a capital-appreciation bet, not an income play.
With 311 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 |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| MIDTOWN MODERN | $3,135 | 3.3% | +9.9% |
| CONCOURSE SKYLINE | $2,013 | 3.4% | +4.8% |
| THE M | $2,645 | 4.1% | -7.8% |
PSF Trend
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