RAFFLESIA CONDOMINIUM
UrbanLens Analysis
RAFFLESIA CONDOMINIUM commands $1,551 PSF -- 10% below what District 20 typically fetches ($1,718 PSF). Marymount MRT sits just 436m away (5-min walk), a clear connectivity win. Against JADESCAPE at $2,239 PSF, the 31% discount is worth examining closely.
Prices are up 14.1% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 15 deals in two years, the pricing data has reasonable statistical weight. For context, THE PANORAMA has gained 8.1% over the same period.
Around 70 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. Gross yield of 3.0% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 230-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 |
|---|---|---|---|
| JADESCAPE | $2,239 | 3.2% | +6.9% |
| BRADDELL VIEW | $1,029 | — | +2.4% |
| THE PANORAMA | $1,994 | 3.0% | +8.1% |
| SKY HABITAT | $1,844 | 2.8% | +6.1% |
| THE GARDENS AT BISHAN | $1,733 | 2.6% | +18.2% |
PSF Trend
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