GILLENIA
UrbanLens Analysis
GILLENIA trades at $1,372 PSF, sitting 7% below the District 19 median of $1,472 PSF. At 9 minutes from Kovan MRT (706m), transit access is passable but not a differentiator. CHUAN PARK fetches $2,596 PSF nearby -- that 47% gap frames GILLENIA's relative value proposition.
A 22.5% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 16 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
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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