HARBOUR VIEW TOWERS
UrbanLens Analysis
At $1,614 PSF, HARBOUR VIEW TOWERS prices 5% below the District 04 median. Compare that to THE REEF AT KING'S DOCK at $2,601 PSF -- a 38% premium that buyers need to justify. Being 3 minutes on foot from Telok Blangah MRT (206m) adds genuine convenience and supports the pricing.
The 7.3% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 4 transactions over two years is modest; the trend is directional, not definitive. For context, REFLECTIONS AT KEPPEL BAY has lost 1.4% over the same period.
Around 63 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. Gross yield of 3.7% tracks the RCR average of 3.5%. At $5,690/month median rent, income is market-rate -- neither a standout nor a weakness.
The 154-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 |
|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | $1,715 | 3.8% | -1.4% |
| THE RESIDENCES AT W SINGAPORE SENTOSA COVE | $1,804 | 3.8% | +3.3% |
| THE INTERLACE | $1,680 | 3.4% | +12.7% |
| CARIBBEAN AT KEPPEL BAY | $1,913 | 3.6% | +5.7% |
| THE REEF AT KING'S DOCK | $2,601 | 3.5% | +0.4% |
PSF Trend
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