CONCOURSE SKYLINE
UrbanLens Analysis
CONCOURSE SKYLINE trades at $2,013 PSF, sitting 3% below the District 07 median of $2,069 PSF. The 3-minute walk to Nicoll Highway MRT (219m) is a tangible lifestyle and resale advantage. MIDTOWN MODERN fetches $3,135 PSF nearby -- that 36% gap frames CONCOURSE SKYLINE's relative value proposition.
Prices have essentially flatlined over two years (+4.8%), suggesting a market in equilibrium. With 29 deals in two years, the pricing data has reasonable statistical weight. For context, DUO RESIDENCES has gained 2.7% over the same period.
With ~81 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 3.4% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $6,626/month median rent makes this genuinely compelling for income investors.
With 360 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| CITY GATE | $2,124 | 2.8% | +3.8% |
| MIDTOWN MODERN | $3,135 | 3.3% | +9.9% |
| THE M | $2,645 | 4.1% | -7.8% |
PSF Trend
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