PALM SPRING
UrbanLens Analysis
PALM SPRING trades at $2,269 PSF, sitting 3% above the District 10 median of $2,197 PSF. At 9 minutes from Stevens MRT (715m), transit access is passable but not a differentiator. 19 NASSIM fetches $3,381 PSF nearby -- that 33% gap frames PALM SPRING's relative value proposition.
A 6.9% appreciation over two years is healthy without looking frothy. 9 transactions over two years is modest; the trend is directional, not definitive. For context, D'LEEDON has gained 10.0% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 2.2% lags the CCR segment average of 3.0%. Investors here are betting on price growth over rental returns.
At 167 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. 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 |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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