LIGHTHOUSE
UrbanLens Analysis
LIGHTHOUSE trades at $970 PSF, sitting 18% below the District 17 median of $1,183 PSF. At 15 minutes from Pasir Ris MRT (1229m), transit access is passable but not a differentiator. KASSIA fetches $2,065 PSF nearby -- that 53% gap frames LIGHTHOUSE's relative value proposition.
Prices have essentially flatlined over two years (+4.9%), suggesting a market in equilibrium. 4 transactions over two years is modest; the trend is directional, not definitive. For context, HEDGES PARK CONDOMINIUM has gained 11.0% over the same period.
Around 66 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 51-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 |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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