SEASTRAND
UrbanLens Analysis
SEASTRAND commands $1,280 PSF -- 6% below what District 18 typically fetches ($1,363 PSF). Pasir Ris MRT is 1357m away (17-min walk), functional but not a headline selling point. Against PARKTOWN RESIDENCE at $2,363 PSF, the 46% discount is worth examining closely.
Prices are up 7.7% over two years, reflecting genuine buyer interest without bubble-level exuberance. 41 transactions over two years gives deep liquidity and reliable pricing signals. For context, MELVILLE PARK has gained 3.7% over the same period.
Roughly 84 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.2% beats the OCR average of 3.4%. With $3,875/month median rent, income-focused buyers have a real case here.
The 473-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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