CAPE ROYALE
UrbanLens Analysis
CAPE ROYALE trades at $2,222 PSF, sitting 31% above the District 04 median of $1,694 PSF. At 42 minutes from HarbourFront MRT (3389m), transit access is passable but not a differentiator. THE REEF AT KING'S DOCK fetches $2,601 PSF nearby -- that 15% gap frames CAPE ROYALE's relative value proposition.
The +1.6% two-year price movement is negligible -- neither bullish nor bearish. With 25 deals in two years, the pricing data has reasonable statistical weight. For context, THE RESIDENCES AT W SINGAPORE SENTOSA COVE has gained 3.3% 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 3.1% tracks the CCR average of 3.0%. At $14,572/month median rent, income is market-rate -- neither a standout nor a weakness.
The 302-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 |
|---|---|---|---|
| REFLECTIONS AT KEPPEL BAY | $1,715 | 3.8% | -1.4% |
| THE RESIDENCES AT W SINGAPORE SENTOSA COVE | $1,804 | 3.8% | +3.3% |
| THE INTERLACE | $1,680 | 3.4% | +12.7% |
| CARIBBEAN AT KEPPEL BAY | $1,913 | 3.6% | +5.7% |
| THE REEF AT KING'S DOCK | $2,601 | 3.5% | +0.4% |
PSF Trend
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