VIBES @ EAST COAST
UrbanLens Analysis
VIBES @ EAST COAST commands $1,790 PSF -- 6% above what District 15 typically fetches ($1,689 PSF). Marine Terrace MRT is 502m away (6-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 44% discount is worth examining closely.
Prices are up 9.7% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. At 4.3% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $2,771/month median rent makes this genuinely compelling for income investors.
The 117-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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