THE CLEARWATER
UrbanLens Analysis
THE CLEARWATER trades at $1,313 PSF, sitting 11% below the District 16 median of $1,478 PSF. The 3-minute walk to Bedok Reservoir MRT (214m) is a tangible lifestyle and resale advantage. BAGNALL HAUS fetches $2,500 PSF nearby -- that 47% gap frames THE CLEARWATER's relative value proposition.
A 11.0% appreciation over two years is healthy without looking frothy. With 22 deals in two years, the pricing data has reasonable statistical weight. For context, GRANDEUR PARK RESIDENCES has gained 10.0% over the same period.
Around 70 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.3% tracks the OCR average of 3.4%. At $5,154/month median rent, income is market-rate -- neither a standout nor a weakness.
The 420-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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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