NEWPORT RESIDENCES
UrbanLens Analysis
NEWPORT RESIDENCES commands $3,070 PSF -- 38% above what District 02 typically fetches ($2,230 PSF). Tanjong Pagar MRT sits just 438m away (5-min walk), a clear connectivity win.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. 160 transactions over two years gives deep liquidity and reliable pricing signals. For context, ICON has gained 1.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
With 246 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 |
|---|---|---|---|
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
| 76 SHENTON | $1,920 | 4.0% | -2.7% |
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