ALEX RESIDENCES
UrbanLens Analysis
ALEX RESIDENCES trades at $2,252 PSF, sitting 3% above the District 03 median of $2,186 PSF. The 3-minute walk to Redhill MRT (272m) is a tangible lifestyle and resale advantage. ZYON GRAND fetches $3,046 PSF nearby -- that 26% gap frames ALEX RESIDENCES's relative value proposition.
A 11.5% appreciation over two years is healthy without looking frothy. 45 transactions over two years gives deep liquidity and reliable pricing signals. For context, AVENUE SOUTH RESIDENCE has lost 2.8% over the same period.
Roughly 86 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the RCR average of 3.5%. At $4,699/month median rent, income is market-rate -- neither a standout nor a weakness.
The 429-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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