HAIG 162
UrbanLens Analysis
HAIG 162 trades at $1,958 PSF, sitting 16% above the District 15 median of $1,689 PSF. At 10 minutes from Tanjong Katong MRT (795m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 39% gap frames HAIG 162's relative value proposition.
A 10.4% appreciation over two years is healthy without looking frothy. 8 transactions over two years is modest; the trend is directional, not definitive. For context, TEMBUSU GRAND has lost 1.7% 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. At 4.4% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $2,598/month median rent makes this genuinely compelling for income investors.
The 99-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 |
|---|---|---|---|
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.