HAWAII TOWER
UrbanLens Analysis
HAWAII TOWER trades at $1,887 PSF, sitting 12% above the District 15 median of $1,689 PSF. At 6 minutes from Katong Park MRT (468m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 41% gap frames HAWAII TOWER's relative value proposition.
A 5.6% appreciation over two years is healthy without looking frothy. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE CONTINUUM has gained 5.0% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. The 1.9% yield trails the RCR average of 3.5%. At $6,493/month median rent, this is a capital-appreciation bet, not an income play.
The 135-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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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