EIGHT RIVERSUITES
UrbanLens Analysis
EIGHT RIVERSUITES trades at $1,858 PSF, sitting 19% above the District 12 median of $1,562 PSF. The 4-minute walk to Boon Keng MRT (327m) is a tangible lifestyle and resale advantage. THE ORIE fetches $2,723 PSF nearby -- that 32% gap frames EIGHT RIVERSUITES's relative value proposition.
A 12.9% appreciation over two years is healthy without looking frothy. 106 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE ARCADY AT BOON KENG has gained 1.6% over the same period.
With ~84 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.2% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $4,892/month median rent makes this genuinely compelling for income investors.
At 862 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 |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
| OLEANDER TOWERS | $1,563 | 3.3% | +16.3% |
PSF Trend
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