TOWNHOUSE APARTMENTS
UrbanLens Analysis
TOWNHOUSE APARTMENTS commands $1,033 PSF -- 53% below what District 09 typically fetches ($2,215 PSF). Newton MRT is 636m away (8-min walk), functional but not a headline selling point. Against THE ROBERTSON OPUS at $3,359 PSF, the 69% discount is worth examining closely.
A 7.3% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, HILL HOUSE has gained 1.3% over the same period.
Only ~50 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 48 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| RIVER GREEN | $3,125 | — | 0.0% |
| THE ROBERTSON OPUS | $3,359 | — | 0.0% |
| THE COLLECTIVE AT ONE SOPHIA | $2,767 | — | 0.0% |
| SOPHIA HILLS | $2,128 | 3.9% | +3.6% |
| HILL HOUSE | $3,081 | — | +1.3% |
PSF Trend
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