MY MANHATTAN
UrbanLens Analysis
MY MANHATTAN commands $1,586 PSF -- 16% above what District 18 typically fetches ($1,363 PSF). Simei MRT sits just 177m away (2-min walk), a clear connectivity win. Against PARKTOWN RESIDENCE at $2,363 PSF, the 33% discount is worth examining closely.
Prices are up 12.8% over two years, reflecting genuine buyer interest without bubble-level exuberance. 31 transactions over two years gives deep liquidity and reliable pricing signals. For context, MELVILLE PARK has gained 3.7% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.6% tracks the OCR average of 3.4%. At $4,104/month median rent, income is market-rate -- neither a standout nor a weakness.
With 301 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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