PARKSUITES
UrbanLens Analysis
PARKSUITES trades at $2,383 PSF, sitting 8% above the District 10 median of $2,197 PSF. At 9 minutes from Dover MRT (726m), transit access is passable but not a differentiator. 19 NASSIM fetches $3,381 PSF nearby -- that 30% gap frames PARKSUITES's relative value proposition.
The +3.3% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, D'LEEDON has gained 10.0% over the same period.
Roughly 101 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 2.9% tracks the CCR average of 3.0%. At $4,620/month median rent, income is market-rate -- neither a standout nor a weakness.
At 119 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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