LEONIE SUITES
UrbanLens Analysis
At $1,970 PSF, LEONIE SUITES prices 11% below the District 09 median. Compare that to THE ROBERTSON OPUS at $3,359 PSF -- a 41% premium that buyers need to justify. The 7-minute walk to Great World MRT (589m) is workable, though not the kind of proximity that commands a premium on its own.
The 6.0% gain in two years signals steady demand -- solid, not speculative. 8 transactions over two years is modest; the trend is directional, not definitive. For context, HILL HOUSE has gained 1.3% over the same period.
Roughly 75 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% beats the CCR average of 3.0%. With $5,460/month median rent, income-focused buyers have a real case here.
At 97 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| RIVER GREEN | $3,125 | — | 0.0% |
| THE ROBERTSON OPUS | $3,359 | — | 0.0% |
| THE COLLECTIVE AT ONE SOPHIA | $2,767 | — | 0.0% |
| SOPHIA HILLS | $2,128 | 3.9% | +3.6% |
| HILL HOUSE | $3,081 | — | +1.3% |
PSF Trend
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