CRAIG PLACE
UrbanLens Analysis
CRAIG PLACE commands $1,893 PSF -- 15% below what District 02 typically fetches ($2,230 PSF). Maxwell MRT sits just 318m away (4-min walk), a clear connectivity win. Against NEWPORT RESIDENCES at $3,070 PSF, the 38% discount is worth examining closely.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, SPOTTISWOODE RESIDENCES has gained 4.7% over the same period.
Around 70 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. Gross yield of 4.2% beats the RCR average of 3.5%. With $4,399/month median rent, income-focused buyers have a real case here.
At 58 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
PSF Trend
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