SKY HABITAT
UrbanLens Analysis
SKY HABITAT commands $1,844 PSF -- 7% above what District 20 typically fetches ($1,718 PSF). Bishan MRT sits just 268m away (3-min walk), a clear connectivity win. Against JADESCAPE at $2,239 PSF, the 18% discount is worth examining closely.
Prices are up 6.1% 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, BRADDELL VIEW has gained 2.4% over the same period.
With ~84 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 2.8% yield trails the RCR average of 3.5%. At $6,301/month median rent, this is a capital-appreciation bet, not an income play.
At 509 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| JADESCAPE | $2,239 | 3.2% | +6.9% |
| BRADDELL VIEW | $1,029 | — | +2.4% |
| THE PANORAMA | $1,994 | 3.0% | +8.1% |
| THE GARDENS AT BISHAN | $1,733 | 2.6% | +18.2% |
| THOMSON THREE | $2,070 | 2.9% | +16.9% |
PSF Trend
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