GRAMERCY PARK
UrbanLens Analysis
At $2,825 PSF, GRAMERCY PARK prices 29% above the District 10 median. Compare that to 19 NASSIM at $3,381 PSF -- a 16% premium that buyers need to justify. The 6-minute walk to Orchard MRT (515m) is workable, though not the kind of proximity that commands a premium on its own.
A 16.3% drop in two years is a genuine correction. Bargain hunters take note, but only with clear conviction about the recovery thesis. 6 transactions over two years is modest; the trend is directional, not definitive. For context, CUSCADEN RESERVE has lost 19.9% 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. Gross yield of 2.9% tracks the CCR average of 3.0%. At $13,929/month median rent, income is market-rate -- neither a standout nor a weakness.
The 174-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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