TERRENE AT BUKIT TIMAH
UrbanLens Analysis
TERRENE AT BUKIT TIMAH commands $1,968 PSF -- 16% above what District 21 typically fetches ($1,697 PSF). Beauty World MRT is 564m away (7-min walk), functional but not a headline selling point. Against 8@BT at $2,727 PSF, the 28% discount is worth examining closely.
Prices are up 13.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. 9 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 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. The 2.4% yield trails the RCR average of 3.5%. At $5,303/month median rent, this is a capital-appreciation bet, not an income play.
The 172-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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