CASA PASIR RIS
UrbanLens Analysis
CASA PASIR RIS trades at $1,167 PSF, sitting 1% below the District 17 median of $1,183 PSF. At 22 minutes from Pasir Ris MRT (1765m), transit access is passable but not a differentiator. KASSIA fetches $2,065 PSF nearby -- that 43% gap frames CASA PASIR RIS's relative value proposition.
A 15.1% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, HEDGES PARK CONDOMINIUM has gained 11.0% over the same period.
The 946-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 58 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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