PARVIS
UrbanLens Analysis
PARVIS trades at $2,409 PSF, sitting 10% above the District 10 median of $2,197 PSF. At 6 minutes from Holland Village MRT (491m), transit access is passable but not a differentiator. 19 NASSIM fetches $3,381 PSF nearby -- that 29% gap frames PARVIS's relative value proposition.
A 6.4% appreciation over two years is healthy without looking frothy. With 15 deals in two years, the pricing data has reasonable statistical weight. For context, D'LEEDON has gained 10.0% 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 2.9% tracks the CCR average of 3.0%. At $11,470/month median rent, income is market-rate -- neither a standout nor a weakness.
The 248-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.