RIVEREDGE
UrbanLens Analysis
At $1,864 PSF, RIVEREDGE prices 10% above the District 15 median. Compare that to MEYER BLUE at $3,205 PSF -- a 42% premium that buyers need to justify. The 7-minute walk to Katong Park MRT (573m) is workable, though not the kind of proximity that commands a premium on its own.
The 13.8% gain in two years signals steady demand -- solid, not speculative. 8 transactions over two years is modest; the trend is directional, not definitive. For context, GRAND DUNMAN has gained 0.4% over the same period.
Roughly 77 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.0% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 135 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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