KENSINGTON PARK CONDOMINIUM
UrbanLens Analysis
KENSINGTON PARK CONDOMINIUM commands $1,599 PSF -- 9% above what District 19 typically fetches ($1,472 PSF). Lorong Chuan MRT is 1867m away (23-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 38% discount is worth examining closely.
Prices are up 6.4% over two years, reflecting genuine buyer interest without bubble-level exuberance. 9 transactions over two years is modest; the trend is directional, not definitive. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. The 2.2% yield trails the OCR average of 3.4%. At $5,022/month median rent, this is a capital-appreciation bet, not an income play.
With 316 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 |
|---|---|---|---|
| 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
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