THE ESTA
UrbanLens Analysis
THE ESTA commands $2,369 PSF -- 40% above what District 15 typically fetches ($1,689 PSF). Tanjong Katong MRT is 478m away (6-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 26% discount is worth examining closely.
Prices are up 13.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 21 deals in two years, the pricing data has reasonable statistical weight. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.5% yield trails the RCR average of 3.5%. At $6,448/month median rent, this is a capital-appreciation bet, not an income play.
With 400 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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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