CASA SARINA
UrbanLens Analysis
CASA SARINA trades at $1,340 PSF, sitting 10% below the District 14 median of $1,488 PSF. The 5-minute walk to Eunos MRT (439m) is a tangible lifestyle and resale advantage. PARC ESTA fetches $2,271 PSF nearby -- that 41% gap frames CASA SARINA's relative value proposition.
A 13.2% appreciation over two years is healthy without looking frothy. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PENROSE has gained 18.8% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.5% tracks the OCR average of 3.4%. At $3,936/month median rent, income is market-rate -- neither a standout nor a weakness.
The 138-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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