ELLIOT AT THE EAST COAST
UrbanLens Analysis
ELLIOT AT THE EAST COAST commands $1,820 PSF -- 8% above what District 15 typically fetches ($1,689 PSF). Siglap MRT sits just 175m away (2-min walk), a clear connectivity win. Against MEYER BLUE at $3,205 PSF, the 43% discount is worth examining closely.
Prices have surged 19.6% in two years. That is strong performance, though buyers entering now face elevated downside risk. 4 transactions over two years is modest; the trend is directional, not definitive. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.8% yield trails the OCR average of 3.4%. At $6,439/month median rent, this is a capital-appreciation bet, not an income play.
The 119-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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