JLB RESIDENCES
UrbanLens Analysis
JLB RESIDENCES commands $1,181 PSF -- 0% above what District 17 typically fetches ($1,183 PSF). Pasir Ris MRT is 1430m away (18-min walk), functional but not a headline selling point. Against KASSIA at $2,065 PSF, the 43% discount is worth examining closely.
A 5.7% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, THE INFLORA has gained 4.5% over the same period.
The 946-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 36 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 |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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