HUME PARK I
UrbanLens Analysis
HUME PARK I trades at $1,710 PSF, sitting 1% above the District 21 median of $1,697 PSF. The 1-minute walk to Hume MRT (116m) is a tangible lifestyle and resale advantage. 8@BT fetches $2,727 PSF nearby -- that 37% gap frames HUME PARK I's relative value proposition.
A 14.9% appreciation over two years is healthy without looking frothy. 6 transactions over two years is modest; the trend is directional, not definitive. For context, PINETREE HILL has gained 6.4% 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. The 2.4% yield trails the OCR average of 3.4%. At $3,147/month median rent, this is a capital-appreciation bet, not an income play.
With 328 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NAVA GROVE | $2,478 | — | 0.0% |
| PINETREE HILL | $2,543 | — | +6.4% |
| 8@BT | $2,727 | — | 0.0% |
| THE SEN | $2,338 | — | 0.0% |
| KI RESIDENCES AT BROOKVALE | $2,242 | 2.9% | +10.0% |
PSF Trend
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