ESPIRA RESIDENCE
UrbanLens Analysis
ESPIRA RESIDENCE commands $1,190 PSF -- 30% below what District 15 typically fetches ($1,689 PSF). Marine Terrace MRT is 764m away (10-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 63% discount is worth examining closely.
Prices have essentially flatlined over two years (+4.6%), suggesting a market in equilibrium. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 16-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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