TERRASSE
UrbanLens Analysis
TERRASSE commands $1,496 PSF -- 2% above what District 19 typically fetches ($1,472 PSF). Kovan MRT is 1194m away (15-min walk), functional but not a headline selling point. Against CHUAN PARK at $2,596 PSF, the 42% discount is worth examining closely.
Prices have surged 17.6% in two years. That is strong performance, though buyers entering now face elevated downside risk. 40 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
Roughly 83 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.3% tracks the OCR average of 3.4%. At $5,045/month median rent, income is market-rate -- neither a standout nor a weakness.
The 414-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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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