FAIRMOUNT CONDOMINIUM
UrbanLens Analysis
FAIRMOUNT CONDOMINIUM commands $1,190 PSF -- 19% below what District 16 typically fetches ($1,478 PSF). Sungei Bedok MRT sits just 111m away (1-min walk), a clear connectivity win. Against BAGNALL HAUS at $2,500 PSF, the 52% discount is worth examining closely.
Prices have surged 35.6% in two years. That is strong performance, though buyers entering now face elevated downside risk. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, GRANDEUR PARK RESIDENCES has gained 10.0% 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 64 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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