NORTH PARK RESIDENCES
UrbanLens Analysis
At $1,858 PSF, NORTH PARK RESIDENCES prices 43% above the District 27 median. Compare that to CANBERRA CRESCENT RESIDENCES at $1,995 PSF -- a 7% premium that buyers need to justify. Being 4 minutes on foot from Yishun MRT (293m) adds genuine convenience and supports the pricing.
The 7.5% gain in two years signals steady demand -- solid, not speculative. 61 transactions over two years gives deep liquidity and reliable pricing signals. For context, NORTH GAIA has gained 2.6% over the same period.
With ~88 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.5% tracks the OCR average of 3.4%. At $3,981/month median rent, income is market-rate -- neither a standout nor a weakness.
At 920 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CANBERRA CRESCENT RESIDENCES | $1,995 | — | 0.0% |
| NORTH GAIA | $1,332 | — | +2.6% |
| THE VISIONAIRE | $1,424 | — | +7.1% |
| PARC LIFE | $1,348 | — | +6.0% |
| THE CRITERION | $1,303 | — | +3.6% |
PSF Trend
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