FORETT@BUKIT TIMAH
UrbanLens Analysis
FORETT@BUKIT TIMAH commands $2,353 PSF -- 39% above what District 21 typically fetches ($1,697 PSF). Beauty World MRT is 807m away (10-min walk), functional but not a headline selling point. Against 8@BT at $2,727 PSF, the 14% discount is worth examining closely.
Prices are up 8.8% over two years, reflecting genuine buyer interest without bubble-level exuberance. 67 transactions over two years gives deep liquidity and reliable pricing signals. For context, PINETREE HILL has gained 6.4% 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 RCR average of 3.5%. At $4,626/month median rent, income is market-rate -- neither a standout nor a weakness.
At 633 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NAVA GROVE | $2,478 | — | 0.0% |
| PINETREE HILL | $2,543 | — | +6.4% |
| 8@BT | $2,727 | — | 0.0% |
| THE SEN | $2,338 | — | 0.0% |
| KI RESIDENCES AT BROOKVALE | $2,242 | 2.9% | +10.0% |
PSF Trend
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