ASCENTIA SKY
UrbanLens Analysis
At $1,933 PSF, ASCENTIA SKY prices 12% below the District 03 median. Compare that to ZYON GRAND at $3,046 PSF -- a 37% premium that buyers need to justify. Being 2 minutes on foot from Redhill MRT (137m) adds genuine convenience and supports the pricing.
The 9.8% gain in two years signals steady demand -- solid, not speculative. 33 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 81 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.3% tracks the RCR average of 3.5%. At $9,733/month median rent, income is market-rate -- neither a standout nor a weakness.
The 373-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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