PARKVIEW APARTMENTS
UrbanLens Analysis
At $993 PSF, PARKVIEW APARTMENTS prices 32% below the District 23 median. Compare that to HILLHAVEN at $2,133 PSF -- a 53% premium that buyers need to justify. The 19-minute walk to Bukit Batok MRT (1488m) is workable, though not the kind of proximity that commands a premium on its own.
The 8.0% gain in two years signals steady demand -- solid, not speculative. 44 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE BOTANY AT DAIRY FARM has lost 2.4% over the same period.
Around 67 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. At 4.2% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $3,773/month median rent makes this genuinely compelling for income investors.
At 532 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 |
|---|---|---|---|
| SOL ACRES | $1,467 | — | +7.7% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
| THE MYST | $2,071 | — | -0.4% |
| HILLHAVEN | $2,133 | — | +3.3% |
PSF Trend
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