IRIDIUM
UrbanLens Analysis
At $1,984 PSF, IRIDIUM prices 0% above the District 11 median. Compare that to WATTEN HOUSE at $3,264 PSF -- a 39% premium that buyers need to justify. The 7-minute walk to Newton MRT (592m) is workable, though not the kind of proximity that commands a premium on its own.
The +0.7% two-year price movement is negligible -- neither bullish nor bearish. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, SOLEIL @ SINARAN has gained 4.4% 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. 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 45 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 |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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