LAKESIDE TOWER
UrbanLens Analysis
LAKESIDE TOWER trades at $807 PSF, sitting 42% below the District 22 median of $1,392 PSF. At 11 minutes from Lakeside MRT (864m), transit access is passable but not a differentiator. SORA fetches $2,230 PSF nearby -- that 64% gap frames LAKESIDE TOWER's relative value proposition.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, WESTWOOD RESIDENCES has gained 11.0% over the same period.
Only ~48 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. Gross yield of 3.6% tracks the OCR average of 3.4%. At $4,393/month median rent, income is market-rate -- neither a standout nor a weakness.
At 144 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SORA | $2,230 | — | 0.0% |
| THE LAKEGARDEN RESIDENCES | $2,187 | — | +3.9% |
| WESTWOOD RESIDENCES | $1,340 | — | +11.0% |
| LAKE GRANDE | $1,851 | 4.3% | +9.3% |
| THE LAKESHORE | $1,474 | 3.7% | +15.7% |
PSF Trend
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