SKYLINE RESIDENCES
UrbanLens Analysis
SKYLINE RESIDENCES commands $2,194 PSF -- 30% above what District 04 typically fetches ($1,694 PSF). Telok Blangah MRT sits just 282m away (4-min walk), a clear connectivity win. Against THE REEF AT KING'S DOCK at $2,601 PSF, the 16% discount is worth examining closely.
Prices have essentially flatlined over two years (+0.2%), suggesting a market in equilibrium. With 28 deals in two years, the pricing data has reasonable statistical weight. For context, REFLECTIONS AT KEPPEL BAY has lost 1.4% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.9% yield trails the RCR average of 3.5%. At $7,306/month median rent, this is a capital-appreciation bet, not an income play.
With 283 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 |
|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | $1,715 | 3.8% | -1.4% |
| THE RESIDENCES AT W SINGAPORE SENTOSA COVE | $1,804 | 3.8% | +3.3% |
| THE INTERLACE | $1,680 | 3.4% | +12.7% |
| CARIBBEAN AT KEPPEL BAY | $1,913 | 3.6% | +5.7% |
| THE REEF AT KING'S DOCK | $2,601 | 3.5% | +0.4% |
PSF Trend
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