THE INTERLACE
UrbanLens Analysis
THE INTERLACE commands $1,680 PSF -- 1% below what District 04 typically fetches ($1,694 PSF). Labrador Park MRT is 1140m away (14-min walk), functional but not a headline selling point. Against THE REEF AT KING'S DOCK at $2,601 PSF, the 35% discount is worth examining closely.
Prices are up 12.7% over two years, reflecting genuine buyer interest without bubble-level exuberance. 89 transactions over two years gives deep liquidity and reliable pricing signals. For context, REFLECTIONS AT KEPPEL BAY has lost 1.4% over the same period.
With ~82 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.4% tracks the RCR average of 3.5%. At $9,046/month median rent, income is market-rate -- neither a standout nor a weakness.
At 1040 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | $1,715 | 3.8% | -1.4% |
| THE RESIDENCES AT W SINGAPORE SENTOSA COVE | $1,804 | 3.8% | +3.3% |
| CARIBBEAN AT KEPPEL BAY | $1,913 | 3.6% | +5.7% |
| THE REEF AT KING'S DOCK | $2,601 | 3.5% | +0.4% |
| CORALS AT KEPPEL BAY | $2,052 | 3.9% | -12.1% |
PSF Trend
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