THE ALCOVE
UrbanLens Analysis
At $1,101 PSF, THE ALCOVE prices 26% below the District 14 median. Compare that to PARC ESTA at $2,271 PSF -- a 52% premium that buyers need to justify. Being 3 minutes on foot from Aljunied MRT (264m) adds genuine convenience and supports the pricing.
The 10.5% gain in two years signals steady demand -- solid, not speculative. 7 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.
Roughly 73 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 102 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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