SILVERSEA
UrbanLens Analysis
SILVERSEA commands $2,130 PSF -- 26% above what District 15 typically fetches ($1,689 PSF). Marine Parade MRT sits just 431m away (5-min walk), a clear connectivity win. Against MEYER BLUE at $3,205 PSF, the 34% discount is worth examining closely.
Prices are up 10.1% over two years, reflecting genuine buyer interest without bubble-level exuberance. 49 transactions over two years gives deep liquidity and reliable pricing signals. For context, TEMBUSU GRAND has lost 1.7% over the same period.
With ~80 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 3.2% yield trails the RCR average of 3.5%. At $8,738/month median rent, this is a capital-appreciation bet, not an income play.
With 383 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 |
|---|---|---|---|
| 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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