AVENUE SOUTH RESIDENCE
UrbanLens Analysis
AVENUE SOUTH RESIDENCE trades at $2,282 PSF, sitting 4% above the District 03 median of $2,186 PSF. At 14 minutes from Tiong Bahru MRT (1132m), transit access is passable but not a differentiator. ZYON GRAND fetches $3,046 PSF nearby -- that 25% gap frames AVENUE SOUTH RESIDENCE's relative value proposition.
A 2.8% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. 107 transactions over two years gives deep liquidity and reliable pricing signals. For context, PRINCIPAL GARDEN has gained 8.1% over the same period.
Roughly 91 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.4% tracks the RCR average of 3.5%. At $4,709/month median rent, income is market-rate -- neither a standout nor a weakness.
The 1074-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
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% |
| PRINCIPAL GARDEN | $2,163 | 3.5% | +8.1% |
PSF Trend
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