ICON
UrbanLens Analysis
ICON trades at $1,856 PSF, sitting 17% below the District 02 median of $2,230 PSF. The 3-minute walk to Tanjong Pagar MRT (205m) is a tangible lifestyle and resale advantage. NEWPORT RESIDENCES fetches $3,070 PSF nearby -- that 40% gap frames ICON's relative value proposition.
The +1.8% two-year price movement is negligible -- neither bullish nor bearish. 44 transactions over two years gives deep liquidity and reliable pricing signals. For context, SKYSUITES@ANSON has gained 1.5% over the same period.
Roughly 75 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.7% beats the CCR average of 3.0%. With $4,611/month median rent, income-focused buyers have a real case here.
The 646-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
| 76 SHENTON | $1,920 | 4.0% | -2.7% |
PSF Trend
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