CHANGI RISE CONDOMINIUM
UrbanLens Analysis
CHANGI RISE CONDOMINIUM commands $1,119 PSF -- 18% below what District 18 typically fetches ($1,363 PSF). Upper Changi MRT is 692m away (9-min walk), functional but not a headline selling point. Against PARKTOWN RESIDENCE at $2,363 PSF, the 53% discount is worth examining closely.
Prices are up 10.4% over two years, reflecting genuine buyer interest without bubble-level exuberance. 42 transactions over two years gives deep liquidity and reliable pricing signals. For context, MELVILLE PARK has gained 3.7% over the same period.
Roughly 73 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the OCR average of 3.4%. At $4,232/month median rent, income is market-rate -- neither a standout nor a weakness.
The 598-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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