MIDTOWN BAY
UrbanLens Analysis
MIDTOWN BAY commands $3,407 PSF -- 65% above what District 07 typically fetches ($2,069 PSF). Bugis MRT sits just 438m away (5-min walk), a clear connectivity win.
Prices have essentially flatlined over two years (+4.4%), suggesting a market in equilibrium. With 18 deals in two years, the pricing data has reasonable statistical weight. For context, CONCOURSE SKYLINE has gained 4.8% over the same period.
With ~91 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 2.9% tracks the CCR average of 3.0%. At $5,995/month median rent, income is market-rate -- neither a standout nor a weakness.
With 219 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| CITY GATE | $2,124 | 2.8% | +3.8% |
| MIDTOWN MODERN | $3,135 | 3.3% | +9.9% |
| CONCOURSE SKYLINE | $2,013 | 3.4% | +4.8% |
PSF Trend
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