URBAN TREASURES
UrbanLens Analysis
URBAN TREASURES trades at $1,984 PSF, sitting 33% above the District 14 median of $1,488 PSF. At 8 minutes from Kaki Bukit MRT (660m), transit access is passable but not a differentiator. PARC ESTA fetches $2,271 PSF nearby -- that 13% gap frames URBAN TREASURES's relative value proposition.
Prices have essentially flatlined over two years (-1.2%), suggesting a market in equilibrium. 7 transactions over two years is modest; the trend is directional, not definitive. For context, EUHABITAT has gained 3.1% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.4% tracks the OCR average of 3.4%. At $3,690/month median rent, income is market-rate -- neither a standout nor a weakness.
With 237 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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