ST PATRICK'S RESIDENCES
UrbanLens Analysis
ST PATRICK'S RESIDENCES trades at $1,601 PSF, sitting 5% below the District 15 median of $1,689 PSF. The 2-minute walk to Marine Terrace MRT (144m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 50% gap frames ST PATRICK'S RESIDENCES's relative value proposition.
The 4.2% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 8 transactions over two years is modest; the trend is directional, not definitive. For context, THE CONTINUUM has gained 5.0% 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 102-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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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