OLEANDER TOWERS
UrbanLens Analysis
At $1,563 PSF, OLEANDER TOWERS prices 0% above the District 12 median. Compare that to THE ORIE at $2,723 PSF -- a 43% premium that buyers need to justify. Being 5 minutes on foot from Toa Payoh MRT (402m) adds genuine convenience and supports the pricing.
The 16.3% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. With 19 deals in two years, the pricing data has reasonable statistical weight. For context, TREVISTA has gained 16.8% over the same period.
Around 68 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.3% tracks the RCR average of 3.5%. At $4,953/month median rent, income is market-rate -- neither a standout nor a weakness.
With 318 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 |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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