D'LEEDON
UrbanLens Analysis
D'LEEDON trades at $2,044 PSF, sitting 7% below the District 10 median of $2,197 PSF. At 6 minutes from Farrer Road MRT (440m), transit access is passable but not a differentiator. 19 NASSIM fetches $3,381 PSF nearby -- that 40% gap frames D'LEEDON's relative value proposition.
A 10.0% appreciation over two years is healthy without looking frothy. 130 transactions over two years gives deep liquidity and reliable pricing signals. For context, CUSCADEN RESERVE has lost 19.9% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.2% tracks the CCR average of 3.0%. At $7,266/month median rent, income is market-rate -- neither a standout nor a weakness.
At 1723 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 |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| 19 NASSIM | $3,381 | — | -2.1% |
| SOMMERVILLE PARK | $2,159 | 2.2% | +4.2% |
PSF Trend
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