THE CREEK @ BUKIT
UrbanLens Analysis
THE CREEK @ BUKIT trades at $1,766 PSF, sitting 4% above the District 21 median of $1,697 PSF. At 9 minutes from Beauty World MRT (718m), transit access is passable but not a differentiator. 8@BT fetches $2,727 PSF nearby -- that 35% gap frames THE CREEK @ BUKIT's relative value proposition.
The 3.8% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 19 deals in two years, the pricing data has reasonable statistical weight. For context, PINETREE HILL has gained 6.4% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.5% tracks the RCR average of 3.5%. At $6,859/month median rent, income is market-rate -- neither a standout nor a weakness.
With 260 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
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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