76 SHENTON
UrbanLens Analysis
At $1,920 PSF, 76 SHENTON prices 14% below the District 02 median. Compare that to NEWPORT RESIDENCES at $3,070 PSF -- a 37% premium that buyers need to justify. Being 4 minutes on foot from Tanjong Pagar MRT (345m) adds genuine convenience and supports the pricing.
The 2.7% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 24 deals in two years, the pricing data has reasonable statistical weight. For context, ONE BERNAM has gained 0.4% over the same period.
With ~80 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.0% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $4,383/month median rent makes this genuinely compelling for income investors.
With 202 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 |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
PSF Trend
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