LAUREL TREE
UrbanLens Analysis
LAUREL TREE commands $1,548 PSF -- 5% above what District 23 typically fetches ($1,471 PSF). Bukit Gombak MRT is 960m away (12-min walk), functional but not a headline selling point. Against HILLHAVEN at $2,133 PSF, the 27% discount is worth examining closely.
The +3.2% two-year price movement is negligible -- neither bullish nor bearish. 4 transactions over two years is modest; the trend is directional, not definitive. For context, THE BOTANY AT DAIRY FARM has lost 2.4% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 4.4% beats the OCR average of 3.4%. With $2,624/month median rent, income-focused buyers have a real case here.
At 70 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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