PARC GREENWICH

FERNVALE LANE
RESALE CONDODistrict 28
Buangkok MRT · 34 min walk (2707m)OCR99 yrs lease commencing from 2020
Total Units
496
2Y PSF Change
+14.4%
6 txns in 24m
vs District
+8%
D28 median: $1,370
Lease Remaining
93 yrs
99 yrs lease commencing from 2020
Median PSF
1,411
0.3% QoQ
Total Sales
496
since 2021-09
Price Range
$904k$1.9M
all-time
Unit Size
1,075 sqft
Floors 111

UrbanLens Analysis

PARC GREENWICH trades at $1,484 PSF, sitting 8% above the District 28 median of $1,370 PSF. At 34 minutes from Buangkok MRT (2707m), transit access is passable but not a differentiator. PARC BOTANNIA fetches $1,634 PSF nearby -- that 9% gap frames PARC GREENWICH's relative value proposition.

A 14.4% appreciation over two years is healthy without looking frothy. 6 transactions over two years is modest; the trend is directional, not definitive. For context, HIGH PARK RESIDENCES has gained 10.4% over the same period.

With ~93 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

With 496 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
HIGH PARK RESIDENCES$1,6223.7%+10.4%
THE TOPIARY$1,459+19.6%
PARC BOTANNIA$1,6343.8%+4.2%
RIVERBANK @ FERNVALE$1,4433.5%+12.5%
LUSH ACRES$1,370+9.3%

PSF Trend

Quarterly
1,318
2022-Q3
1,213
2022-Q4
1,261
2023-Q1
1,347
2023-Q2
1,279
2023-Q3
1,379
2023-Q4
1,462
2024-Q1
1,458
2024-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Sep 2024
DatePriceSizePSFFloor
Sep 2024$1,880,0001,206 sqft$1,55911-15
Aug 2024$1,510,0001,001 sqft$1,50806-10
Aug 2024$1,330,000958 sqft$1,38801-05
Aug 2024$1,500,0001,066 sqft$1,40801-05
Mar 2024$1,558,0001,066 sqft$1,46201-05
Mar 2024$1,508,0001,001 sqft$1,50601-05
Feb 2024$1,360,0001,001 sqft$1,35906-10
Dec 2023$1,148,000786 sqft$1,46111-15
Dec 2023$1,298,0001,001 sqft$1,29701-05
Sep 2023$1,280,0001,001 sqft$1,27901-05
Showing 10 of 496 transactions

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