ONE LEICESTER
UrbanLens Analysis
At $1,891 PSF, ONE LEICESTER prices 6% above the District 13 median. Compare that to THE WOODLEIGH RESIDENCES at $2,350 PSF -- a 20% premium that buyers need to justify. Being 4 minutes on foot from Potong Pasir MRT (316m) adds genuine convenience and supports the pricing.
The 14.3% gain in two years signals steady demand -- solid, not speculative. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, BARTLEY RIDGE has gained 12.0% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. The 3.0% yield trails the RCR average of 3.5%. At $4,991/month median rent, this is a capital-appreciation bet, not an income play.
The 194-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE TRE VER | $1,977 | 3.6% | +4.4% |
| PARK COLONIAL | $2,247 | 3.7% | +6.7% |
| BARTLEY RIDGE | $1,885 | 3.2% | +12.0% |
| THE WOODLEIGH RESIDENCES | $2,350 | 3.5% | +5.7% |
| THE POIZ RESIDENCES | $2,016 | 3.9% | +8.5% |
PSF Trend
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