THE TAPESTRY
UrbanLens Analysis
At $1,704 PSF, THE TAPESTRY prices 25% above the District 18 median. Compare that to PARKTOWN RESIDENCE at $2,363 PSF -- a 28% premium that buyers need to justify. The 18-minute walk to Tampines West MRT (1414m) is workable, though not the kind of proximity that commands a premium on its own.
The +3.8% two-year price movement is negligible -- neither bullish nor bearish. 161 transactions over two years gives deep liquidity and reliable pricing signals. For context, MELVILLE PARK has gained 3.7% over the same period.
Roughly 90 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.9% beats the OCR average of 3.4%. With $3,502/month median rent, income-focused buyers have a real case here.
The 861-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 |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
| THE TAMPINES TRILLIANT | $1,646 | — | +21.1% |
PSF Trend
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