SENNETT RESIDENCE
UrbanLens Analysis
SENNETT RESIDENCE commands $1,870 PSF -- 5% above what District 13 typically fetches ($1,781 PSF). Potong Pasir MRT sits just 64m away (1-min walk), a clear connectivity win. Against THE WOODLEIGH RESIDENCES at $2,350 PSF, the 20% discount is worth examining closely.
Prices are up 13.3% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 23 deals in two years, the pricing data has reasonable statistical weight. For context, PARK COLONIAL has gained 6.7% 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 3.5% tracks the RCR average of 3.5%. At $4,796/month median rent, income is market-rate -- neither a standout nor a weakness.
The 338-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 |
|---|---|---|---|
| THE TRE VER | $1,977 | 3.6% | +4.4% |
| PARK COLONIAL | $2,247 | 3.7% | +6.7% |
| BARTLEY RIDGE | $1,885 | 3.2% | +12.0% |
| THE WOODLEIGH RESIDENCES | $2,350 | 3.5% | +5.7% |
| THE POIZ RESIDENCES | $2,016 | 3.9% | +8.5% |
PSF Trend
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