PARC SOMME
UrbanLens Analysis
PARC SOMME trades at $1,723 PSF, sitting 7% above the District 08 median of $1,607 PSF. At 6 minutes from Farrer Park MRT (472m), transit access is passable but not a differentiator. STURDEE RESIDENCES fetches $2,122 PSF nearby -- that 19% gap frames PARC SOMME's relative value proposition.
A 11.6% appreciation over two years is healthy without looking frothy. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, KERRISDALE has gained 17.4% over the same period.
Roughly 81 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 30 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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