ECO
UrbanLens Analysis
ECO commands $1,521 PSF -- 3% above what District 16 typically fetches ($1,478 PSF). Tanah Merah MRT sits just 398m away (5-min walk), a clear connectivity win. Against BAGNALL HAUS at $2,500 PSF, the 39% discount is worth examining closely.
The +5.0% two-year price movement is negligible -- neither bullish nor bearish. 80 transactions over two years gives deep liquidity and reliable pricing signals. For context, URBAN VISTA has gained 3.9% over the same period.
Roughly 85 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.9% beats the OCR average of 3.4%. With $3,080/month median rent, income-focused buyers have a real case here.
The 748-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
| THE BAYSHORE | $1,373 | 3.4% | +10.8% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.