FLORAVIEW
UrbanLens Analysis
FLORAVIEW commands $1,444 PSF -- 16% below what District 20 typically fetches ($1,718 PSF). Yio Chu Kang MRT is 1254m away (16-min walk), functional but not a headline selling point. Against JADESCAPE at $2,239 PSF, the 36% discount is worth examining closely.
Prices are up 9.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 12 deals in two years, the pricing data has reasonable statistical weight. For context, THE PANORAMA has gained 8.1% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.3% tracks the OCR average of 3.4%. At $3,108/month median rent, income is market-rate -- neither a standout nor a weakness.
At 90 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. 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 |
|---|---|---|---|
| JADESCAPE | $2,239 | 3.2% | +6.9% |
| BRADDELL VIEW | $1,029 | — | +2.4% |
| THE PANORAMA | $1,994 | 3.0% | +8.1% |
| SKY HABITAT | $1,844 | 2.8% | +6.1% |
| THE GARDENS AT BISHAN | $1,733 | 2.6% | +18.2% |
PSF Trend
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