GARDENVILLE

WALSHE ROAD
RESALE CONDODistrict 10
Stevens MRT · 11 min walk (873m)CCRFreehold
Total Units
56
2Y PSF Change
+6.2%
2 txns in 24m
Median PSF
2,112
18.2% QoQ
Total Sales
7
since 2021-08
Price Range
$2.6M$5.0M
all-time
Unit Size
1,825 sqft
Floors 16
PSF MOVEMENT ALERT — 2024-Q3
Median PSF rose 18.2% quarter-on-quarter (from $2,079 in 2024-Q1 to $2,458 in 2024-Q3). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

GARDENVILLE commands $2,193 PSF -- 0% above what District 10 typically fetches ($2,197 PSF). Stevens MRT is 873m away (11-min walk), functional but not a headline selling point. Against 19 NASSIM at $3,381 PSF, the 35% discount is worth examining closely.

Prices are up 6.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, D'LEEDON has gained 10.0% over the same period.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. 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 56 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
SKYE AT HOLLAND$2,9490.0%
UPPERHOUSE AT ORCHARD BOULEVARD$3,3090.0%
CUSCADEN RESERVE$3,0243.2%-19.9%
D'LEEDON$2,0443.2%+10.0%
19 NASSIM$3,381-2.1%

PSF Trend

Quarterly
1,887
2021-Q3
1,924
2022-Q2
2,018
2022-Q3
2,112
2023-Q3
2,079
2024-Q1
2,458
2024-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Jul 2024
DatePriceSizePSFFloor
Jul 2024$4,365,0001,776 sqft$2,45806-10
Mar 2024$4,980,0002,583 sqft$1,92806-10
Feb 2024$3,600,0001,615 sqft$2,23001-05
Aug 2023$3,820,0001,808 sqft$2,11201-05
Jul 2022$3,650,0001,808 sqft$2,01806-10
Jun 2022$3,500,0001,819 sqft$1,92401-05
Aug 2021$2,580,0001,367 sqft$1,88701-05
Showing 7 of 7 transactions

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