EVERGREEN PARK
UrbanLens Analysis
At $1,092 PSF, EVERGREEN PARK prices 26% below the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 58% premium that buyers need to justify. The 10-minute walk to Hougang MRT (791m) is workable, though not the kind of proximity that commands a premium on its own.
The 21.8% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. With 24 deals in two years, the pricing data has reasonable statistical weight. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
Around 68 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. Gross yield of 3.7% tracks the OCR average of 3.4%. At $3,707/month median rent, income is market-rate -- neither a standout nor a weakness.
The 394-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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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