PENRITH
UrbanLens Analysis
PENRITH commands $2,793 PSF -- 28% above what District 03 typically fetches ($2,186 PSF). Queenstown MRT sits just 339m away (4-min walk), a clear connectivity win. Against ZYON GRAND at $3,046 PSF, the 8% discount is worth examining closely.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. 449 transactions over two years gives deep liquidity and reliable pricing signals. For context, PRINCIPAL GARDEN has gained 8.1% over the same period.
With ~97 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
With 462 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
| PRINCIPAL GARDEN | $2,163 | 3.5% | +8.1% |
PSF Trend
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