KERRISDALE
UrbanLens Analysis
At $1,616 PSF, KERRISDALE prices 1% above the District 08 median. Compare that to STURDEE RESIDENCES at $2,122 PSF -- a 24% premium that buyers need to justify. Being 5 minutes on foot from Farrer Park MRT (363m) adds genuine convenience and supports the pricing.
The 17.4% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. With 25 deals in two years, the pricing data has reasonable statistical weight. For context, CITYSCAPE @FARRER PARK has gained 7.9% over the same period.
With ~71 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.3% tracks the RCR average of 3.5%. At $5,755/month median rent, income is market-rate -- neither a standout nor a weakness.
With 481 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| UPTOWN @ FARRER | $2,012 | 3.9% | +24.4% |
PSF Trend
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