MON JERVOIS
UrbanLens Analysis
MON JERVOIS commands $1,916 PSF -- 13% below what District 10 typically fetches ($2,197 PSF). Redhill MRT is 734m away (9-min walk), functional but not a headline selling point. Against 19 NASSIM at $3,381 PSF, the 43% discount is worth examining closely.
Prices have essentially flatlined over two years (+0.6%), suggesting a market in equilibrium. 9 transactions over two years is modest; the trend is directional, not definitive. For context, CUSCADEN RESERVE has lost 19.9% over the same period.
With ~85 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 $6,596/month median rent, income is market-rate -- neither a standout nor a weakness.
The 109-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 |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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