PARKSHORE
UrbanLens Analysis
PARKSHORE trades at $2,082 PSF, sitting 23% above the District 15 median of $1,689 PSF. The 4-minute walk to Tanjong Rhu MRT (334m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 35% gap frames PARKSHORE's relative value proposition.
A 16.5% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, THE CONTINUUM has gained 5.0% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 2.1% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 152 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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