LANDRIDGE CONDOMINIUM
UrbanLens Analysis
LANDRIDGE CONDOMINIUM trades at $1,618 PSF, sitting 0% above the District 05 median of $1,618 PSF. At 7 minutes from Pasir Panjang MRT (588m), transit access is passable but not a differentiator. ELTA fetches $2,547 PSF nearby -- that 36% gap frames LANDRIDGE CONDOMINIUM's relative value proposition.
A 12.0% appreciation over two years is healthy without looking frothy. 4 transactions over two years is modest; the trend is directional, not definitive. For context, PARC CLEMATIS has gained 5.9% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 72-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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