RANGOON APARTMENTS
UrbanLens Analysis
At $1,378 PSF, RANGOON APARTMENTS prices 14% below the District 08 median. Compare that to STURDEE RESIDENCES at $2,122 PSF -- a 35% premium that buyers need to justify. The 6-minute walk to Farrer Park MRT (510m) is workable, though not the kind of proximity that commands a premium on its own.
The 12.8% gain in two years signals steady demand -- solid, not speculative. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, CITY SQUARE RESIDENCES has gained 6.7% 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 17 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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