SIMON PLAZA
UrbanLens Analysis
SIMON PLAZA commands $1,323 PSF -- 10% below what District 19 typically fetches ($1,472 PSF). Kovan MRT sits just 239m away (3-min walk), a clear connectivity win. Against CHUAN PARK at $2,596 PSF, the 49% discount is worth examining closely.
Prices are up 9.1% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, RIVERFRONT RESIDENCES has gained 6.8% 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 19-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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