SEASUITES
UrbanLens Analysis
At $1,675 PSF, SEASUITES prices 4% above the District 05 median. Compare that to ELTA at $2,547 PSF -- a 34% premium that buyers need to justify. Being 2 minutes on foot from Haw Par Villa MRT (131m) adds genuine convenience and supports the pricing.
The 5.7% gain in two years signals steady demand -- solid, not speculative. 5 transactions over two years is modest; the trend is directional, not definitive. For context, PARC CLEMATIS has gained 5.9% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. At 3.9% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $4,565/month median rent makes this genuinely compelling for income investors.
The 52-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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