SIMEI GREEN CONDOMINIUM
UrbanLens Analysis
At $1,091 PSF, SIMEI GREEN CONDOMINIUM prices 20% below the District 18 median. Compare that to PARKTOWN RESIDENCE at $2,363 PSF -- a 54% premium that buyers need to justify. Being 4 minutes on foot from Upper Changi MRT (357m) adds genuine convenience and supports the pricing.
The 16.2% two-year surge looks impressive, but momentum like this rarely sustains. Proceed with caution. With 30 deals in two years, the pricing data has reasonable statistical weight. For context, THE TAPESTRY has gained 3.8% over the same period.
Around 69 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. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 602 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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