PARC RIVIERA
UrbanLens Analysis
At $1,684 PSF, PARC RIVIERA prices 4% above the District 05 median. Compare that to ELTA at $2,547 PSF -- a 34% premium that buyers need to justify. The 18-minute walk to Clementi MRT (1476m) is workable, though not the kind of proximity that commands a premium on its own.
The 8.8% gain in two years signals steady demand -- solid, not speculative. 112 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC CLEMATIS has gained 5.9% over the same period.
With ~88 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.2% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $4,024/month median rent makes this genuinely compelling for income investors.
At 752 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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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