VILLAGE @ PASIR PANJANG
UrbanLens Analysis
VILLAGE @ PASIR PANJANG trades at $1,632 PSF, sitting 1% above the District 05 median of $1,618 PSF. At 20 minutes from Kent Ridge MRT (1627m), transit access is passable but not a differentiator. ELTA fetches $2,547 PSF nearby -- that 36% gap frames VILLAGE @ PASIR PANJANG's relative value proposition.
Prices have essentially flatlined over two years (+2.4%), suggesting a market in equilibrium. 9 transactions over two years is modest; the trend is directional, not definitive. For context, PARC CLEMATIS has gained 5.9% 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 3.6% tracks the RCR average of 3.5%. At $5,381/month median rent, income is market-rate -- neither a standout nor a weakness.
The 148-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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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