FABER CREST
UrbanLens Analysis
FABER CREST commands $1,249 PSF -- 23% below what District 05 typically fetches ($1,618 PSF). Clementi MRT is 1285m away (16-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 51% discount is worth examining closely.
Prices are up 10.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 16 deals in two years, the pricing data has reasonable statistical weight. For context, NORMANTON PARK has gained 10.3% over the same period.
Around 69 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 3.6% tracks the OCR average of 3.4%. At $4,805/month median rent, income is market-rate -- neither a standout nor a weakness.
The 360-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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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