ONE ST MICHAEL'S
UrbanLens Analysis
At $1,691 PSF, ONE ST MICHAEL'S prices 8% above the District 12 median. Compare that to THE ORIE at $2,723 PSF -- a 38% premium that buyers need to justify. The 8-minute walk to Boon Keng MRT (609m) is workable, though not the kind of proximity that commands a premium on its own.
The 12.6% gain in two years signals steady demand -- solid, not speculative. 7 transactions over two years is modest; the trend is directional, not definitive. For context, TREVISTA has gained 16.8% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. The 2.6% yield trails the RCR average of 3.5%. At $4,914/month median rent, this is a capital-appreciation bet, not an income play.
The 131-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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