CITYLIGHTS
UrbanLens Analysis
CITYLIGHTS commands $1,921 PSF -- 20% above what District 08 typically fetches ($1,607 PSF). Lavender MRT sits just 162m away (2-min walk), a clear connectivity win. Against STURDEE RESIDENCES at $2,122 PSF, the 9% discount is worth examining closely.
Prices are up 8.6% over two years, reflecting genuine buyer interest without bubble-level exuberance. 40 transactions over two years gives deep liquidity and reliable pricing signals. For context, CITY SQUARE RESIDENCES has gained 6.7% over the same period.
With ~77 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.4% tracks the RCR average of 3.5%. At $5,388/month median rent, income is market-rate -- neither a standout nor a weakness.
At 600 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
| UPTOWN @ FARRER | $2,012 | 3.9% | +24.4% |
PSF Trend
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