EMERALD GARDEN
UrbanLens Analysis
EMERALD GARDEN commands $2,263 PSF -- 11% above what District 01 typically fetches ($2,039 PSF). Telok Ayer MRT sits just 231m away (3-min walk), a clear connectivity win. Against UNION SQUARE RESIDENCES at $3,177 PSF, the 29% discount is worth examining closely.
Prices are up 5.4% over two years, reflecting genuine buyer interest without bubble-level exuberance. 7 transactions over two years is modest; the trend is directional, not definitive. For context, MARINA BAY RESIDENCES has gained 4.6% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Gross yield of 3.0% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 265-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ONE MARINA GARDENS | $2,954 | — | 0.0% |
| UNION SQUARE RESIDENCES | $3,177 | — | 0.0% |
| THE SAIL @ MARINA BAY | $2,029 | 3.8% | +7.2% |
| MARINA ONE RESIDENCES | $2,035 | 3.8% | -15.2% |
| MARINA BAY RESIDENCES | $2,241 | 4.1% | +4.6% |
PSF Trend
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