HARBOUR VIEW GARDENS
UrbanLens Analysis
HARBOUR VIEW GARDENS commands $1,890 PSF -- 17% above what District 05 typically fetches ($1,618 PSF). Haw Par Villa MRT is 443m away (6-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 26% discount is worth examining closely.
The 2.4% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 5 transactions over two years is modest; the trend is directional, not definitive. For context, PARC CLEMATIS has gained 5.9% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 57-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 |
|---|---|---|---|
| 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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