OASIS @ ELIAS
UrbanLens Analysis
OASIS @ ELIAS commands $1,167 PSF -- 14% below what District 18 typically fetches ($1,363 PSF). Pasir Ris MRT is 950m away (12-min walk), functional but not a headline selling point. Against PARKTOWN RESIDENCE at $2,363 PSF, the 51% discount is worth examining closely.
Prices have surged 18.3% in two years. That is strong performance, though buyers entering now face elevated downside risk. With 27 deals in two years, the pricing data has reasonable statistical weight. For context, MELVILLE PARK has gained 3.7% over the same period.
Roughly 81 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.4% tracks the OCR average of 3.4%. At $4,099/month median rent, income is market-rate -- neither a standout nor a weakness.
The 388-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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