FERRARIA PARK CONDOMINIUM
UrbanLens Analysis
FERRARIA PARK CONDOMINIUM commands $1,240 PSF -- 5% above what District 17 typically fetches ($1,183 PSF). Tampines MRT is 1041m away (13-min walk), functional but not a headline selling point. Against KASSIA at $2,065 PSF, the 40% discount is worth examining closely.
Prices are up 8.9% over two years, reflecting genuine buyer interest without bubble-level exuberance. 48 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE INFLORA has gained 4.5% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.2% tracks the OCR average of 3.4%. At $4,074/month median rent, income is market-rate -- neither a standout nor a weakness.
With 475 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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