ONE-NORTH EDEN
UrbanLens Analysis
At $2,354 PSF, ONE-NORTH EDEN prices 45% above the District 05 median. Compare that to ELTA at $2,547 PSF -- a 8% premium that buyers need to justify. Being 5 minutes on foot from Buona Vista MRT (375m) adds genuine convenience and supports the pricing.
The 16.6% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 32 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC CLEMATIS has gained 5.9% over the same period.
With ~92 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 RCR average of 3.5%. At $7,993/month median rent, income is market-rate -- neither a standout nor a weakness.
The 165-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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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