SPOTTISWOODE SUITES
UrbanLens Analysis
SPOTTISWOODE SUITES trades at $2,352 PSF, sitting 5% above the District 02 median of $2,230 PSF. At 7 minutes from Outram Park MRT (538m), transit access is passable but not a differentiator. NEWPORT RESIDENCES fetches $3,070 PSF nearby -- that 23% gap frames SPOTTISWOODE SUITES's relative value proposition.
The -0.9% two-year price movement is negligible -- neither bullish nor bearish. With 17 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 3.7% tracks the RCR average of 3.5%. At $3,201/month median rent, income is market-rate -- neither a standout nor a weakness.
At 183 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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