THE PEAK@BALMEG
UrbanLens Analysis
THE PEAK@BALMEG trades at $1,674 PSF, sitting 3% above the District 05 median of $1,618 PSF. The 3-minute walk to Haw Par Villa MRT (217m) is a tangible lifestyle and resale advantage. ELTA fetches $2,547 PSF nearby -- that 34% gap frames THE PEAK@BALMEG's relative value proposition.
Prices have essentially flatlined over two years (+0.4%), suggesting a market in equilibrium. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, PARC CLEMATIS has gained 5.9% 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. The 2.9% yield trails the RCR average of 3.5%. At $7,754/month median rent, this is a capital-appreciation bet, not an income play.
The 180-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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