PARKWOOD RESIDENCES
UrbanLens Analysis
PARKWOOD RESIDENCES is a boutique 99-year leasehold (~91 years remaining) development of 18 units on YIO CHU KANG ROAD in District 19. Located a 15-minute walk from Kovan MRT, it benefits from moderate rail connectivity. However, there have been no meaningful resale transactions in recent periods, making current market pricing opaque.
Without recent transaction data, buyers must rely on the competitive set for pricing guidance. Nearby CHUAN PARK trades at $2,596 PSF with a 1.3% gross yield. THE FLORENCE RESIDENCES at $1,779 PSF provides another reference point (3.41% yield), having shifted +0.8%. AFFINITY AT SERANGOON ($1,794 PSF) rounds out the local competitive picture.
District 19 private stock carries a median of $1,472 PSF and an average gross yield of 3.4%. With only 18 units, PARKWOOD RESIDENCES is a boutique project where liquidity is inherently thin. Prospective buyers in this suburban pocket should factor in limited price discovery and potential resale difficulty when evaluating entry.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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