SELETAR PARK RESIDENCE
UrbanLens Analysis
SELETAR PARK RESIDENCE commands $1,370 PSF -- 0% above what District 28 typically fetches ($1,370 PSF). Buangkok MRT is 2586m away (32-min walk), functional but not a headline selling point. Against PARC BOTANNIA at $1,634 PSF, the 16% discount is worth examining closely.
Prices are up 6.3% over two years, reflecting genuine buyer interest without bubble-level exuberance. 37 transactions over two years gives deep liquidity and reliable pricing signals. For context, RIVERBANK @ FERNVALE has gained 12.5% over the same period.
With ~84 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.6% tracks the OCR average of 3.4%. At $3,801/month median rent, income is market-rate -- neither a standout nor a weakness.
With 276 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 |
|---|---|---|---|
| HIGH PARK RESIDENCES | $1,622 | 3.7% | +10.4% |
| THE TOPIARY | $1,459 | — | +19.6% |
| PARC BOTANNIA | $1,634 | 3.8% | +4.2% |
| RIVERBANK @ FERNVALE | $1,443 | 3.5% | +12.5% |
| LUSH ACRES | $1,370 | — | +9.3% |
PSF Trend
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