SOHO 188
UrbanLens Analysis
At $1,713 PSF, SOHO 188 prices 7% above the District 08 median. Compare that to STURDEE RESIDENCES at $2,122 PSF -- a 19% premium that buyers need to justify. Being 3 minutes on foot from Farrer Park MRT (271m) adds genuine convenience and supports the pricing.
The 6.7% gain in two years signals steady demand -- solid, not speculative. 6 transactions over two years is modest; the trend is directional, not definitive. For context, CITYLIGHTS has gained 8.6% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. At 4.8% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $3,288/month median rent makes this genuinely compelling for income investors.
The 53-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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