BANYAN CONDOMINIUM
UrbanLens Analysis
BANYAN CONDOMINIUM commands $1,466 PSF -- 9% below what District 05 typically fetches ($1,618 PSF). Pasir Panjang MRT sits just 385m away (5-min walk), a clear connectivity win. Against ELTA at $2,547 PSF, the 42% discount is worth examining closely.
Prices have surged 23.4% in two years. That is strong performance, though buyers entering now face elevated downside risk. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, NORMANTON PARK has gained 10.3% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.6% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 104 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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