ALTEZ
UrbanLens Analysis
ALTEZ trades at $1,900 PSF, sitting 15% below the District 02 median of $2,230 PSF. The 3-minute walk to Tanjong Pagar MRT (272m) is a tangible lifestyle and resale advantage. NEWPORT RESIDENCES fetches $3,070 PSF nearby -- that 38% gap frames ALTEZ's relative value proposition.
The 2.7% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, SKYSUITES@ANSON has gained 1.5% over the same period.
With ~81 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.9% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $6,283/month median rent makes this genuinely compelling for income investors.
With 280 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
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.