MONTEREY PARK CONDOMINIUM
UrbanLens Analysis
MONTEREY PARK CONDOMINIUM trades at $1,760 PSF, sitting 9% above the District 05 median of $1,618 PSF. At 17 minutes from Clementi MRT (1345m), transit access is passable but not a differentiator. ELTA fetches $2,547 PSF nearby -- that 31% gap frames MONTEREY PARK CONDOMINIUM's relative value proposition.
A 19.1% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. 9 transactions over two years is modest; the trend is directional, not definitive. For context, NORMANTON PARK has gained 10.3% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Gross yield of 2.6% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 280-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.