WOODGROVE CONDOMINIUM
UrbanLens Analysis
WOODGROVE CONDOMINIUM commands $1,002 PSF -- 9% below what District 25 typically fetches ($1,097 PSF). Woodlands MRT is 912m away (11-min walk), functional but not a headline selling point. Against NORWOOD GRAND at $2,078 PSF, the 52% discount is worth examining closely.
Prices are up 13.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 20 deals in two years, the pricing data has reasonable statistical weight. For context, FORESTVILLE has gained 8.3% over the same period.
Around 70 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 4.2% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $5,509/month median rent makes this genuinely compelling for income investors.
With 248 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 |
|---|---|---|---|
| NORWOOD GRAND | $2,078 | — | 0.0% |
| NORTHWAVE | $1,262 | — | +10.5% |
| PARC ROSEWOOD | $1,394 | 4.7% | +7.9% |
| FORESTVILLE | $1,186 | — | +8.3% |
| BELLEWOODS | $1,295 | — | +14.6% |
PSF Trend
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