PARC OLYMPIA
UrbanLens Analysis
PARC OLYMPIA trades at $1,192 PSF, sitting 1% above the District 17 median of $1,183 PSF. At 15 minutes from Tampines MRT (1210m), transit access is passable but not a differentiator. KASSIA fetches $2,065 PSF nearby -- that 42% gap frames PARC OLYMPIA's relative value proposition.
A 7.2% appreciation over two years is healthy without looking frothy. 63 transactions over two years gives deep liquidity and reliable pricing signals. For context, HEDGES PARK CONDOMINIUM has gained 11.0% over the same period.
Roughly 85 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.5% beats the OCR average of 3.4%. With $4,347/month median rent, income-focused buyers have a real case here.
The 486-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
| FERRARIA PARK CONDOMINIUM | $1,240 | 3.2% | +8.9% |
PSF Trend
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