OCEAN PARK
UrbanLens Analysis
OCEAN PARK trades at $1,943 PSF, sitting 15% above the District 15 median of $1,689 PSF. At 6 minutes from Marine Terrace MRT (462m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 39% gap frames OCEAN PARK's relative value proposition.
A 14.5% appreciation over two years is healthy without looking frothy. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, THE CONTINUUM has gained 5.0% 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. The 2.1% yield trails the OCR average of 3.4%. At $7,300/month median rent, this is a capital-appreciation bet, not an income play.
With 298 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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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