PARK EAST
UrbanLens Analysis
PARK EAST commands $1,679 PSF -- 1% below what District 15 typically fetches ($1,689 PSF). Bedok MRT is 952m away (12-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 48% discount is worth examining closely.
Prices are up 8.8% 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, TEMBUSU GRAND has lost 1.7% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 3.0% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 211-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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