SPRINGDALE CONDOMINIUM
UrbanLens Analysis
SPRINGDALE CONDOMINIUM trades at $1,670 PSF, sitting 2% below the District 21 median of $1,697 PSF. At 9 minutes from Hume MRT (752m), transit access is passable but not a differentiator. 8@BT fetches $2,727 PSF nearby -- that 39% gap frames SPRINGDALE CONDOMINIUM's relative value proposition.
A 14.5% appreciation over two years is healthy without looking frothy. With 24 deals in two years, the pricing data has reasonable statistical weight. For context, KI RESIDENCES AT BROOKVALE has gained 10.0% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Gross yield of 2.6% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 480-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 |
|---|---|---|---|
| NAVA GROVE | $2,478 | — | 0.0% |
| PINETREE HILL | $2,543 | — | +6.4% |
| 8@BT | $2,727 | — | 0.0% |
| THE SEN | $2,338 | — | 0.0% |
| KI RESIDENCES AT BROOKVALE | $2,242 | 2.9% | +10.0% |
PSF Trend
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