LEICESTER SUITES
UrbanLens Analysis
LEICESTER SUITES trades at $1,943 PSF, sitting 9% above the District 13 median of $1,781 PSF. The 3-minute walk to Potong Pasir MRT (270m) is a tangible lifestyle and resale advantage. THE WOODLEIGH RESIDENCES fetches $2,350 PSF nearby -- that 17% gap frames LEICESTER SUITES's relative value proposition.
A 8.3% appreciation over two years is healthy without looking frothy. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARK COLONIAL has gained 6.7% 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 47 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE TRE VER | $1,977 | 3.6% | +4.4% |
| PARK COLONIAL | $2,247 | 3.7% | +6.7% |
| BARTLEY RIDGE | $1,885 | 3.2% | +12.0% |
| THE WOODLEIGH RESIDENCES | $2,350 | 3.5% | +5.7% |
| THE POIZ RESIDENCES | $2,016 | 3.9% | +8.5% |
PSF Trend
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