SERAYA 9
UrbanLens Analysis
SERAYA 9 commands $1,577 PSF -- 7% below what District 15 typically fetches ($1,689 PSF). Marine Parade MRT is 777m away (10-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 51% discount is worth examining closely.
Prices have essentially flatlined over two years (+3.4%), suggesting a market in equilibrium. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 22-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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