THE BELVEDERE
UrbanLens Analysis
THE BELVEDERE commands $2,506 PSF -- 48% above what District 15 typically fetches ($1,689 PSF). Katong Park MRT sits just 150m away (2-min walk), a clear connectivity win. Against MEYER BLUE at $3,205 PSF, the 22% discount is worth examining closely.
Prices have surged 18.7% in two years. That is strong performance, though buyers entering now face elevated downside risk. With 14 deals in two years, the pricing data has reasonable statistical weight. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.3% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 167 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
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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