PARBURY HILL CONDOMINIUM
UrbanLens Analysis
At $1,688 PSF, PARBURY HILL CONDOMINIUM prices 14% above the District 16 median. Compare that to BAGNALL HAUS at $2,500 PSF -- a 32% premium that buyers need to justify. The 6-minute walk to Bayshore MRT (518m) is workable, though not the kind of proximity that commands a premium on its own.
The 12.7% gain in two years signals steady demand -- solid, not speculative. 8 transactions over two years is modest; the trend is directional, not definitive. For context, ECO has gained 5.0% 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 2.5% yield trails the OCR average of 3.4%. At $5,176/month median rent, this is a capital-appreciation bet, not an income play.
The 182-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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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