PARC CENTRAL RESIDENCES
UrbanLens Analysis
PARC CENTRAL RESIDENCES commands $1,560 PSF -- 14% above what District 18 typically fetches ($1,363 PSF). Tampines West MRT is 1544m away (19-min walk), functional but not a headline selling point. Against PARKTOWN RESIDENCE at $2,363 PSF, the 34% discount is worth examining closely.
Prices have surged 33.2% in two years. That is strong performance, though buyers entering now face elevated downside risk. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, MELVILLE PARK has gained 3.7% 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 700 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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