EASTPOINT GREEN
UrbanLens Analysis
EASTPOINT GREEN trades at $1,142 PSF, sitting 16% below the District 18 median of $1,363 PSF. At 8 minutes from Simei MRT (620m), transit access is passable but not a differentiator. PARKTOWN RESIDENCE fetches $2,363 PSF nearby -- that 52% gap frames EASTPOINT GREEN's relative value proposition.
A 11.9% appreciation over two years is healthy without looking frothy. 61 transactions over two years gives deep liquidity and reliable pricing signals. For context, TREASURE AT TAMPINES has gained 5.6% over the same period.
Around 69 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 4.1% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $4,250/month median rent makes this genuinely compelling for income investors.
At 684 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
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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