LAGUNA PARK
UrbanLens Analysis
At $1,177 PSF, LAGUNA PARK prices 30% below the District 15 median. Compare that to MEYER BLUE at $3,205 PSF -- a 63% premium that buyers need to justify. Being 2 minutes on foot from Siglap MRT (136m) adds genuine convenience and supports the pricing.
Prices have essentially flatlined over two years (-1.0%), suggesting a market in equilibrium. 40 transactions over two years gives deep liquidity and reliable pricing signals. For context, GRAND DUNMAN has gained 0.4% over the same period.
Only ~50 years left on the lease. LTV ratios tighten, CPF usage faces restrictions, and the realistic buyer pool compresses. A discount to freehold peers is warranted. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 516 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
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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