ELIAS GREEN
UrbanLens Analysis
At $962 PSF, ELIAS GREEN prices 29% below the District 18 median. Compare that to PARKTOWN RESIDENCE at $2,363 PSF -- a 59% premium that buyers need to justify. The 10-minute walk to Pasir Ris MRT (830m) is workable, though not the kind of proximity that commands a premium on its own.
The 8.2% gain in two years signals steady demand -- solid, not speculative. With 13 deals in two years, the pricing data has reasonable statistical weight. For context, THE TAPESTRY has gained 3.8% over the same period.
Around 64 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 3.4% tracks the OCR average of 3.4%. At $4,219/month median rent, income is market-rate -- neither a standout nor a weakness.
The 419-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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