THE PLAZA
UrbanLens Analysis
At $1,245 PSF, THE PLAZA prices 40% below the District 07 median. Compare that to MIDTOWN MODERN at $3,135 PSF -- a 60% premium that buyers need to justify. Being 4 minutes on foot from Nicoll Highway MRT (320m) adds genuine convenience and supports the pricing.
A 6.6% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. With 12 deals in two years, the pricing data has reasonable statistical weight. For context, CITY GATE has gained 3.8% over the same period.
Only ~41 years left on the lease. LTV ratios tighten, CPF usage faces restrictions, and the realistic buyer pool compresses. A discount to freehold peers is warranted. Gross yield of 5.1% beats the CCR average of 3.0%. With $4,166/month median rent, income-focused buyers have a real case here.
The 234-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| CITY GATE | $2,124 | 2.8% | +3.8% |
| MIDTOWN MODERN | $3,135 | 3.3% | +9.9% |
| CONCOURSE SKYLINE | $2,013 | 3.4% | +4.8% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.