FRAGRANCE COURT
UrbanLens Analysis
At $1,462 PSF, FRAGRANCE COURT prices 10% below the District 05 median. Compare that to ELTA at $2,547 PSF -- a 43% premium that buyers need to justify. Being 3 minutes on foot from Pasir Panjang MRT (217m) adds genuine convenience and supports the pricing.
The 17.4% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, PARC CLEMATIS has gained 5.9% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 32-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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