REZI 24
UrbanLens Analysis
REZI 24 commands $1,752 PSF -- 18% above what District 14 typically fetches ($1,488 PSF). Aljunied MRT is 540m away (7-min walk), functional but not a headline selling point. Against PARC ESTA at $2,271 PSF, the 23% discount is worth examining closely.
Prices are up 5.4% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 12 deals in two years, the pricing data has reasonable statistical weight. For context, PENROSE has gained 18.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. At 4.5% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $4,176/month median rent makes this genuinely compelling for income investors.
The 110-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 |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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