LAKEPOINT CONDOMINIUM
UrbanLens Analysis
At $885 PSF, LAKEPOINT CONDOMINIUM prices 36% below the District 22 median. Compare that to SORA at $2,230 PSF -- a 60% premium that buyers need to justify. The 7-minute walk to Lakeside MRT (528m) is workable, though not the kind of proximity that commands a premium on its own.
The +4.3% two-year price movement is negligible -- neither bullish nor bearish. With 21 deals in two years, the pricing data has reasonable statistical weight. For context, WESTWOOD RESIDENCES has gained 11.0% over the same period.
Around 56 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.2% tracks the OCR average of 3.4%. At $4,690/month median rent, income is market-rate -- neither a standout nor a weakness.
The 304-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 |
|---|---|---|---|
| SORA | $2,230 | — | 0.0% |
| THE LAKEGARDEN RESIDENCES | $2,187 | — | +3.9% |
| WESTWOOD RESIDENCES | $1,340 | — | +11.0% |
| LAKE GRANDE | $1,851 | 4.3% | +9.3% |
| THE LAKESHORE | $1,474 | 3.7% | +15.7% |
PSF Trend
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