MIRO
UrbanLens Analysis
MIRO commands $1,639 PSF -- 17% below what District 11 typically fetches ($1,983 PSF). Newton MRT is 516m away (6-min walk), functional but not a headline selling point. Against WATTEN HOUSE at $3,264 PSF, the 50% discount is worth examining closely.
The +0.8% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, AMARYLLIS VILLE has gained 8.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.0% tracks the CCR average of 3.0%. At $4,348/month median rent, income is market-rate -- neither a standout nor a weakness.
At 85 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. 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 |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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