THE SEA VIEW
UrbanLens Analysis
THE SEA VIEW commands $2,656 PSF -- 57% above what District 15 typically fetches ($1,689 PSF). Marine Parade MRT sits just 320m away (4-min walk), a clear connectivity win. Against MEYER BLUE at $3,205 PSF, the 17% discount is worth examining closely.
Prices have surged 17.1% in two years. That is strong performance, though buyers entering now face elevated downside risk. With 20 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. Gross yield of 2.3% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 546-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
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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