MARGATE POINT
UrbanLens Analysis
At $1,932 PSF, MARGATE POINT prices 14% above the District 15 median. Compare that to MEYER BLUE at $3,205 PSF -- a 40% premium that buyers need to justify. Being 5 minutes on foot from Katong Park MRT (370m) adds genuine convenience and supports the pricing.
The 9.5% gain in two years signals steady demand -- solid, not speculative. Just 2 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, GRAND DUNMAN has gained 0.4% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 15 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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