FLORIDIAN
UrbanLens Analysis
FLORIDIAN trades at $2,401 PSF, sitting 41% above the District 21 median of $1,697 PSF. The 5-minute walk to King Albert Park MRT (438m) is a tangible lifestyle and resale advantage. 8@BT fetches $2,727 PSF nearby -- that 12% gap frames FLORIDIAN's relative value proposition.
A 10.8% appreciation over two years is healthy without looking frothy. With 23 deals in two years, the pricing data has reasonable statistical weight. For context, PINETREE HILL has gained 6.4% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. The 2.5% yield trails the RCR average of 3.5%. At $6,876/month median rent, this is a capital-appreciation bet, not an income play.
With 336 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NAVA GROVE | $2,478 | — | 0.0% |
| PINETREE HILL | $2,543 | — | +6.4% |
| 8@BT | $2,727 | — | 0.0% |
| THE SEN | $2,338 | — | 0.0% |
| KI RESIDENCES AT BROOKVALE | $2,242 | 2.9% | +10.0% |
PSF Trend
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