SPOTTISWOODE RESIDENCES
UrbanLens Analysis
SPOTTISWOODE RESIDENCES trades at $2,310 PSF, sitting 4% above the District 02 median of $2,230 PSF. At 8 minutes from Outram Park MRT (640m), transit access is passable but not a differentiator. NEWPORT RESIDENCES fetches $3,070 PSF nearby -- that 25% gap frames SPOTTISWOODE RESIDENCES's relative value proposition.
The +4.7% two-year price movement is negligible -- neither bullish nor bearish. With 25 deals in two years, the pricing data has reasonable statistical weight. For context, ICON has gained 1.8% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.2% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 351-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
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% |
| 76 SHENTON | $1,920 | 4.0% | -2.7% |
PSF Trend
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