MI CASA
UrbanLens Analysis
MI CASA commands $1,254 PSF -- 15% below what District 23 typically fetches ($1,471 PSF). Choa Chu Kang MRT sits just 429m away (5-min walk), a clear connectivity win. Against HILLHAVEN at $2,133 PSF, the 41% discount is worth examining closely.
Prices are up 11.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. 31 transactions over two years gives deep liquidity and reliable pricing signals. For context, LUMINA GRAND has lost 0.6% over the same period.
With ~81 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 3.0% yield trails the OCR average of 3.4%. At $4,131/month median rent, this is a capital-appreciation bet, not an income play.
With 457 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 |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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