PARC VERA
UrbanLens Analysis
At $1,434 PSF, PARC VERA prices 3% below the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 45% premium that buyers need to justify. The 10-minute walk to Hougang MRT (811m) is workable, though not the kind of proximity that commands a premium on its own.
The 15.5% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 33 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE FLORENCE RESIDENCES has gained 0.8% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 3.1% yield trails the OCR average of 3.4%. At $4,575/month median rent, this is a capital-appreciation bet, not an income play.
With 452 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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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