FONTAINE PARRY
UrbanLens Analysis
At $1,467 PSF, FONTAINE PARRY prices 0% above the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 43% premium that buyers need to justify. The 11-minute walk to Kovan MRT (860m) 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 12 deals in two years, the pricing data has reasonable statistical weight. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. The 2.6% yield trails the OCR average of 3.4%. At $4,560/month median rent, this is a capital-appreciation bet, not an income play.
The 125-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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