BEDOK COURT
UrbanLens Analysis
At $993 PSF, BEDOK COURT prices 33% below the District 16 median. Compare that to BAGNALL HAUS at $2,500 PSF -- a 60% premium that buyers need to justify. The 8-minute walk to Tanah Merah MRT (628m) is workable, though not the kind of proximity that commands a premium on its own.
Prices have essentially flatlined over two years (-0.3%), suggesting a market in equilibrium. With 22 deals in two years, the pricing data has reasonable statistical weight. For context, SCENECA RESIDENCE has lost 0.8% over the same period.
Around 55 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. The 2.9% yield trails the OCR average of 3.4%. At $5,587/month median rent, this is a capital-appreciation bet, not an income play.
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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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