CENTRAL VIEW
UrbanLens Analysis
At $1,282 PSF, CENTRAL VIEW prices 13% below the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 51% premium that buyers need to justify. The 8-minute walk to Serangoon MRT (673m) is workable, though not the kind of proximity that commands a premium on its own.
The 14.2% gain in two years signals steady demand -- solid, not speculative. 8 transactions over two years is modest; the trend is directional, not definitive. For context, THE FLORENCE RESIDENCES has gained 0.8% over the same period.
With ~71 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 104-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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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