CHOON KIM HOUSE
UrbanLens Analysis
CHOON KIM HOUSE trades at $0 PSF, roughly in line with the D19 median ($1,472). The 10-minute walk to Serangoon MRT (835m) is a weakness — most residents will default to driving. In this pocket, RIVERFRONT RESIDENCES commands $1,706 PSF while THE FLORENCE RESIDENCES sits at $1,779, placing CHOON KIM HOUSE in the value tier.
Extremely thin liquidity is a red flag, with 0 transactions over 24 months showing 100% decline. That trails THE FLORENCE RESIDENCES's 0.8% gain, suggesting relative underperformance.
No rental yield data is available, making it harder to assess the income case. For a rough proxy, CHUAN PARK nearby yields 1.3% at $2,596 PSF — use that as a benchmark when evaluating rental potential. The freehold tenure removes lease-decay risk entirely — a structural advantage that compounds over longer holding periods.
Verdict: neutral. At today's price, this is neither compelling nor avoidable. Against CHUAN PARK at $2,596 PSF, CHOON KIM HOUSE offers genuine value. With only 10 units, a single distressed sale can move the needle on valuations. At 100% below the OCR median of $1,478, pricing reflects relative value within the segment.
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% |
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.