TURQUOISE
UrbanLens Analysis
At $1,483 PSF, TURQUOISE prices 12% below the District 04 median. Compare that to THE REEF AT KING'S DOCK at $2,601 PSF -- a 43% premium that buyers need to justify. The 39-minute walk to HarbourFront MRT (3096m) is workable, though not the kind of proximity that commands a premium on its own.
A 3.2% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. 9 transactions over two years is modest; the trend is directional, not definitive. For context, CARIBBEAN AT KEPPEL BAY has gained 5.7% over the same period.
Roughly 80 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 5.2% beats the CCR average of 3.0%. With $15,033/month median rent, income-focused buyers have a real case here.
At 91 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | $1,715 | 3.8% | -1.4% |
| THE RESIDENCES AT W SINGAPORE SENTOSA COVE | $1,804 | 3.8% | +3.3% |
| THE INTERLACE | $1,680 | 3.4% | +12.7% |
| CARIBBEAN AT KEPPEL BAY | $1,913 | 3.6% | +5.7% |
| THE REEF AT KING'S DOCK | $2,601 | 3.5% | +0.4% |
PSF Trend
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