PICCADILLY GRAND
UrbanLens Analysis
At $2,473 PSF, PICCADILLY GRAND prices 54% above the District 08 median. It commands a 53% premium over KERRISDALE ($1,616 PSF), which raises the bar on what it must deliver. Being 4 minutes on foot from Farrer Park MRT (312m) adds genuine convenience and supports the pricing.
The 15.5% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. 9 transactions over two years is modest; the trend is directional, not definitive. For context, CITYLIGHTS has gained 8.6% over the same period.
With ~94 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 407 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 |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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