TANJONG RIA CONDOMINIUM
UrbanLens Analysis
TANJONG RIA CONDOMINIUM trades at $1,590 PSF, sitting 6% below the District 15 median of $1,689 PSF. The 2-minute walk to Tanjong Rhu MRT (134m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 50% gap frames TANJONG RIA CONDOMINIUM's relative value proposition.
A 11.6% appreciation over two years is healthy without looking frothy. With 18 deals in two years, the pricing data has reasonable statistical weight. For context, THE CONTINUUM has gained 5.0% over the same period.
Around 66 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.1% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 168 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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