SKY EDEN@BEDOK
UrbanLens Analysis
SKY EDEN@BEDOK commands $2,071 PSF -- 40% above what District 16 typically fetches ($1,478 PSF). Bedok MRT sits just 309m away (4-min walk), a clear connectivity win. Against BAGNALL HAUS at $2,500 PSF, the 17% discount is worth examining closely.
The 2.1% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 9 transactions over two years is modest; the trend is directional, not definitive. For context, SCENECA RESIDENCE has lost 0.8% over the same period.
With ~95 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 158-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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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