V ON SHENTON
UrbanLens Analysis
V ON SHENTON trades at $1,981 PSF, sitting 3% below the District 01 median of $2,039 PSF. The 1-minute walk to Shenton Way MRT (113m) is a tangible lifestyle and resale advantage. UNION SQUARE RESIDENCES fetches $3,177 PSF nearby -- that 38% gap frames V ON SHENTON's relative value proposition.
The 8.0% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 38 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE SAIL @ MARINA BAY has gained 7.2% over the same period.
With ~84 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.2% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $5,984/month median rent makes this genuinely compelling for income investors.
At 510 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ONE MARINA GARDENS | $2,954 | — | 0.0% |
| UNION SQUARE RESIDENCES | $3,177 | — | 0.0% |
| THE SAIL @ MARINA BAY | $2,029 | 3.8% | +7.2% |
| MARINA ONE RESIDENCES | $2,035 | 3.8% | -15.2% |
| MARINA BAY RESIDENCES | $2,241 | 4.1% | +4.6% |
PSF Trend
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