SPOTTISWOODE PARK
UrbanLens Analysis
SPOTTISWOODE PARK trades at $1,001 PSF, sitting 55% below the District 02 median of $2,230 PSF. At 11 minutes from Outram Park MRT (880m), transit access is passable but not a differentiator. NEWPORT RESIDENCES fetches $3,070 PSF nearby -- that 67% gap frames SPOTTISWOODE PARK's relative value proposition.
A 8.2% appreciation over two years is healthy without looking frothy. With 22 deals in two years, the pricing data has reasonable statistical weight. For context, SKYSUITES@ANSON has gained 1.5% over the same period.
Only ~46 years left on the lease. LTV ratios tighten, CPF usage faces restrictions, and the realistic buyer pool compresses. A discount to freehold peers is warranted. At 5.2% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $5,411/month median rent makes this genuinely compelling for income investors.
With 340 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 |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
PSF Trend
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