HERITAGE VIEW
UrbanLens Analysis
HERITAGE VIEW commands $1,606 PSF -- 1% below what District 05 typically fetches ($1,618 PSF). one-north MRT is 615m away (8-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 37% discount is worth examining closely.
Prices are up 7.1% over two years, reflecting genuine buyer interest without bubble-level exuberance. 36 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC CLEMATIS has gained 5.9% over the same period.
Around 69 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 3.5% tracks the RCR average of 3.5%. At $5,429/month median rent, income is market-rate -- neither a standout nor a weakness.
At 618 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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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