KALLANG RIVERSIDE
UrbanLens Analysis
At $2,305 PSF, KALLANG RIVERSIDE prices 48% above the District 12 median. Compare that to THE ORIE at $2,723 PSF -- a 15% premium that buyers need to justify. The 6-minute walk to Lavender MRT (475m) is workable, though not the kind of proximity that commands a premium on its own.
A 8.2% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. With 16 deals in two years, the pricing data has reasonable statistical weight. For context, GEM RESIDENCES has gained 8.4% 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. Gross yield of 2.9% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 212-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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