THE CREST
UrbanLens Analysis
At $1,956 PSF, THE CREST prices 11% below the District 03 median. Compare that to ZYON GRAND at $3,046 PSF -- a 36% premium that buyers need to justify. The 6-minute walk to Redhill MRT (473m) is workable, though not the kind of proximity that commands a premium on its own.
Prices have essentially flatlined over two years (+2.0%), suggesting a market in equilibrium. 44 transactions over two years gives deep liquidity and reliable pricing signals. For context, STIRLING RESIDENCES has gained 5.5% over the same period.
With ~85 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 3.1% yield trails the RCR average of 3.5%. At $5,125/month median rent, this is a capital-appreciation bet, not an income play.
With 469 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 |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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