THE WATERSIDE
UrbanLens Analysis
THE WATERSIDE trades at $2,090 PSF, sitting NaN% below the District 15 median of $0 PSF. The 3-minute walk to Katong Park MRT (278m) is a tangible lifestyle and resale advantage.
A 16.7% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. With 17 deals in two years, the pricing data has reasonable statistical weight.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 2.2% beats the RCR average of 0.0%. With $9,066/month median rent, income-focused buyers have a real case here.
The 502-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
PSF Trend
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