SUITES 28
UrbanLens Analysis
At $1,404 PSF, SUITES 28 prices 6% below the District 14 median. Compare that to PARC ESTA at $2,271 PSF -- a 38% premium that buyers need to justify. The 7-minute walk to Aljunied MRT (555m) is workable, though not the kind of proximity that commands a premium on its own.
The 24.1% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 5 transactions over two years is modest; the trend is directional, not definitive. For context, PARK PLACE RESIDENCES AT PLQ has gained 4.8% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Gross yield of 4.4% beats the RCR average of 3.5%. With $3,121/month median rent, income-focused buyers have a real case here.
At 64 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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