KOON SENG HOUSE
UrbanLens Analysis
KOON SENG HOUSE trades at $2,310 PSF, sitting 37% above the District 15 median of $1,689 PSF. At 11 minutes from Eunos MRT (863m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 28% gap frames KOON SENG HOUSE's relative value proposition.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. With 17 deals in two years, the pricing data has reasonable statistical weight. For context, THE CONTINUUM has gained 5.0% 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 17-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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