PALMWOODS
UrbanLens Analysis
At $1,237 PSF, PALMWOODS prices 16% below the District 16 median. Compare that to BAGNALL HAUS at $2,500 PSF -- a 51% premium that buyers need to justify. The 7-minute walk to Tanah Merah MRT (583m) is workable, though not the kind of proximity that commands a premium on its own.
The 28.6% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 4 transactions over two years is modest; the trend is directional, not definitive. For context, SCENECA RESIDENCE has lost 0.8% over the same period.
Around 69 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 87-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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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