HORIZON RESIDENCES
UrbanLens Analysis
HORIZON RESIDENCES commands $1,887 PSF -- 17% above what District 05 typically fetches ($1,618 PSF). Haw Par Villa MRT sits just 238m away (3-min walk), a clear connectivity win. Against ELTA at $2,547 PSF, the 26% discount is worth examining closely.
Prices are up 8.9% over two years, reflecting genuine buyer interest without bubble-level exuberance. 8 transactions over two years is modest; the trend is directional, not definitive. For context, PARC CLEMATIS has gained 5.9% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 3.1% yield trails the RCR average of 3.5%. At $5,175/month median rent, this is a capital-appreciation bet, not an income play.
The 72-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
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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