PARC MONDRIAN
UrbanLens Analysis
PARC MONDRIAN commands $1,843 PSF -- 3% above what District 13 typically fetches ($1,781 PSF). Woodleigh MRT is 524m away (7-min walk), functional but not a headline selling point. Against THE WOODLEIGH RESIDENCES at $2,350 PSF, the 22% discount is worth examining closely.
Prices are up 14.3% over two years, reflecting genuine buyer interest without bubble-level exuberance. 10 transactions over two years is modest; the trend is directional, not definitive. For context, BARTLEY RIDGE has gained 12.0% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.7% yield trails the RCR average of 3.5%. At $3,971/month median rent, this is a capital-appreciation bet, not an income play.
The 100-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
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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