SKIES MILTONIA
UrbanLens Analysis
SKIES MILTONIA trades at $1,252 PSF, sitting 4% below the District 27 median of $1,299 PSF. At 20 minutes from Khatib MRT (1629m), transit access is passable but not a differentiator. CANBERRA CRESCENT RESIDENCES fetches $1,995 PSF nearby -- that 37% gap frames SKIES MILTONIA's relative value proposition.
A 7.3% appreciation over two years is healthy without looking frothy. 55 transactions over two years gives deep liquidity and reliable pricing signals. For context, NORTH GAIA has gained 2.6% over the same period.
With ~85 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 3.9% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $3,075/month median rent makes this genuinely compelling for income investors.
With 410 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 |
|---|---|---|---|
| CANBERRA CRESCENT RESIDENCES | $1,995 | — | 0.0% |
| NORTH GAIA | $1,332 | — | +2.6% |
| THE VISIONAIRE | $1,424 | — | +7.1% |
| PARC LIFE | $1,348 | — | +6.0% |
| THE CRITERION | $1,303 | — | +3.6% |
PSF Trend
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