HEDGES PARK CONDOMINIUM
UrbanLens Analysis
HEDGES PARK CONDOMINIUM commands $1,274 PSF -- 8% above what District 17 typically fetches ($1,183 PSF). Tampines MRT is 1453m away (18-min walk), functional but not a headline selling point. Against KASSIA at $2,065 PSF, the 38% discount is worth examining closely.
Prices are up 11.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. 67 transactions over two years gives deep liquidity and reliable pricing signals. For context, FERRARIA PARK CONDOMINIUM has gained 8.9% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.3% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $4,037/month median rent makes this genuinely compelling for income investors.
At 501 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
| FERRARIA PARK CONDOMINIUM | $1,240 | 3.2% | +8.9% |
PSF Trend
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