SELETAR SPRINGS CONDOMINIUM
UrbanLens Analysis
SELETAR SPRINGS CONDOMINIUM commands $1,016 PSF -- 26% below what District 28 typically fetches ($1,370 PSF). Buangkok MRT is 1616m away (20-min walk), functional but not a headline selling point. Against PARC BOTANNIA at $1,634 PSF, the 38% discount is worth examining closely.
Prices are up 10.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 28 deals in two years, the pricing data has reasonable statistical weight. For context, HIGH PARK RESIDENCES has gained 10.4% over the same period.
Around 70 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.2% tracks the OCR average of 3.4%. At $3,842/month median rent, income is market-rate -- neither a standout nor a weakness.
With 364 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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