CASABLANCA
UrbanLens Analysis
CASABLANCA trades at $1,097 PSF, sitting 0% above the District 25 median of $1,097 PSF. At 9 minutes from Woodlands MRT (753m), transit access is passable but not a differentiator. NORWOOD GRAND fetches $2,078 PSF nearby -- that 47% gap frames CASABLANCA's relative value proposition.
A 8.6% appreciation over two years is healthy without looking frothy. 32 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC ROSEWOOD has gained 7.9% over the same period.
Roughly 74 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.0% beats the OCR average of 3.4%. With $4,298/month median rent, income-focused buyers have a real case here.
The 478-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 |
|---|---|---|---|
| NORWOOD GRAND | $2,078 | — | 0.0% |
| NORTHWAVE | $1,262 | — | +10.5% |
| PARC ROSEWOOD | $1,394 | 4.7% | +7.9% |
| FORESTVILLE | $1,186 | — | +8.3% |
| BELLEWOODS | $1,295 | — | +14.6% |
PSF Trend
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