SKY EVERTON
UrbanLens Analysis
At $2,823 PSF, SKY EVERTON prices 27% above the District 02 median. Compare that to NEWPORT RESIDENCES at $3,070 PSF -- a 8% premium that buyers need to justify. The 6-minute walk to Outram Park MRT (505m) is workable, though not the kind of proximity that commands a premium on its own.
Prices have essentially flatlined over two years (-0.3%), suggesting a market in equilibrium. With 22 deals in two years, the pricing data has reasonable statistical weight. For context, SKYSUITES@ANSON has gained 1.5% 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. Gross yield of 3.3% tracks the RCR average of 3.5%. At $5,194/month median rent, income is market-rate -- neither a standout nor a weakness.
With 262 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NEWPORT RESIDENCES | $3,070 | — | 0.0% |
| ONE BERNAM | $2,554 | 3.6% | +0.4% |
| ICON | $1,856 | 4.7% | +1.8% |
| SKYSUITES@ANSON | $2,267 | 4.5% | +1.5% |
| SPOTTISWOODE RESIDENCES | $2,310 | 3.2% | +4.7% |
PSF Trend
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