LAKEVIEW ESTATE
UrbanLens Analysis
At $1,065 PSF, LAKEVIEW ESTATE prices 38% below the District 20 median. Compare that to JADESCAPE at $2,239 PSF -- a 52% premium that buyers need to justify. The 6-minute walk to Marymount MRT (512m) is workable, though not the kind of proximity that commands a premium on its own.
Prices have essentially flatlined over two years (+3.3%), suggesting a market in equilibrium. 10 transactions over two years is modest; the trend is directional, not definitive. For context, BRADDELL VIEW has gained 2.4% over the same period.
Only ~50 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
With 240 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 |
|---|---|---|---|
| JADESCAPE | $2,239 | 3.2% | +6.9% |
| BRADDELL VIEW | $1,029 | — | +2.4% |
| THE PANORAMA | $1,994 | 3.0% | +8.1% |
| SKY HABITAT | $1,844 | 2.8% | +6.1% |
| THE GARDENS AT BISHAN | $1,733 | 2.6% | +18.2% |
PSF Trend
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