SUITES AT BUKIT TIMAH
UrbanLens Analysis
At $1,790 PSF, SUITES AT BUKIT TIMAH prices 5% above the District 21 median. Compare that to 8@BT at $2,727 PSF -- a 34% premium that buyers need to justify. Being 3 minutes on foot from Beauty World MRT (235m) adds genuine convenience and supports the pricing.
Prices have essentially flatlined over two years (+4.6%), suggesting a market in equilibrium. 4 transactions over two years is modest; the trend is directional, not definitive. For context, PINETREE HILL has gained 6.4% 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. At 4.9% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $2,773/month median rent makes this genuinely compelling for income investors.
The 74-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 |
|---|---|---|---|
| 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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