ECHELON
UrbanLens Analysis
ECHELON trades at $2,186 PSF, sitting 0% above the District 03 median of $2,186 PSF. The 2-minute walk to Redhill MRT (198m) is a tangible lifestyle and resale advantage. ZYON GRAND fetches $3,046 PSF nearby -- that 28% gap frames ECHELON's relative value proposition.
Prices have essentially flatlined over two years (+4.6%), suggesting a market in equilibrium. 49 transactions over two years gives deep liquidity and reliable pricing signals. For context, STIRLING RESIDENCES has gained 5.5% over the same period.
With ~85 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.7% tracks the RCR average of 3.5%. At $4,999/month median rent, income is market-rate -- neither a standout nor a weakness.
At 508 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 |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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