THE ELEMENT @ STEVENS
UrbanLens Analysis
THE ELEMENT @ STEVENS commands $2,018 PSF -- 8% below what District 10 typically fetches ($2,197 PSF). Stevens MRT sits just 217m away (3-min walk), a clear connectivity win. Against 19 NASSIM at $3,381 PSF, the 40% discount is worth examining closely.
Prices are up 6.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, D'LEEDON has gained 10.0% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 17 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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