RESIDENCES @ SOMME
UrbanLens Analysis
RESIDENCES @ SOMME commands $1,479 PSF -- 8% below what District 08 typically fetches ($1,607 PSF). Farrer Park MRT is 487m away (6-min walk), functional but not a headline selling point. Against STURDEE RESIDENCES at $2,122 PSF, the 30% discount is worth examining closely.
The 7.1% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, CITYSCAPE @FARRER PARK has gained 7.9% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 28-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin.
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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