THE CHUAN
UrbanLens Analysis
At $2,118 PSF, THE CHUAN prices 44% above the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 18% premium that buyers need to justify. The 6-minute walk to Lorong Chuan MRT (497m) is workable, though not the kind of proximity that commands a premium on its own.
The 20.6% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 9 transactions over two years is modest; the trend is directional, not definitive. For context, RIVERFRONT RESIDENCES has gained 6.8% 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 3.0% yield trails the OCR average of 3.4%. At $6,821/month median rent, this is a capital-appreciation bet, not an income play.
The 106-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 |
|---|---|---|---|
| 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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