CHATELET
UrbanLens Analysis
CHATELET trades at $2,074 PSF, sitting 6% below the District 10 median of $2,197 PSF. The 2-minute walk to Stevens MRT (186m) is a tangible lifestyle and resale advantage. 19 NASSIM fetches $3,381 PSF nearby -- that 39% gap frames CHATELET's relative value proposition.
A 6.7% 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, CUSCADEN RESERVE has lost 19.9% 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 45-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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