TROPICANA CONDOMINIUM
UrbanLens Analysis
TROPICANA CONDOMINIUM trades at $1,188 PSF, sitting 20% below the District 16 median of $1,478 PSF. The 1-minute walk to Upper Changi MRT (80m) is a tangible lifestyle and resale advantage. BAGNALL HAUS fetches $2,500 PSF nearby -- that 52% gap frames TROPICANA CONDOMINIUM's relative value proposition.
The +3.7% two-year price movement is negligible -- neither bullish nor bearish. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, GRANDEUR PARK RESIDENCES has gained 10.0% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. 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 40 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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.