HUNDRED PALMS RESIDENCES
UrbanLens Analysis
HUNDRED PALMS RESIDENCES commands $1,840 PSF -- 25% above what District 19 typically fetches ($1,472 PSF). Kovan MRT is 1597m away (20-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 29% discount is worth examining closely.
Prices have surged 16.2% in two years. That is strong performance, though buyers entering now face elevated downside risk. 113 transactions over two years gives deep liquidity and reliable pricing signals. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
With ~89 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 531 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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.