INTERNATIONAL PLAZA
UrbanLens Analysis
INTERNATIONAL PLAZA commands $1,185 PSF -- 47% below what District 02 typically fetches ($2,230 PSF). Tanjong Pagar MRT sits just 77m away (1-min walk), a clear connectivity win. Against NEWPORT RESIDENCES at $3,070 PSF, the 61% discount is worth examining closely.
The 4.5% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 14 deals in two years, the pricing data has reasonable statistical weight. For context, SKYSUITES@ANSON has gained 1.5% over the same period.
Only ~43 years left on the lease. LTV ratios tighten, CPF usage faces restrictions, and the realistic buyer pool compresses. A discount to freehold peers is warranted. At 4.8% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $6,866/month median rent makes this genuinely compelling for income investors.
With 210 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 |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.