SKYSUITES17
UrbanLens Analysis
SKYSUITES17 trades at $1,891 PSF, sitting 21% above the District 12 median of $1,562 PSF. At 7 minutes from Toa Payoh MRT (565m), transit access is passable but not a differentiator. THE ORIE fetches $2,723 PSF nearby -- that 31% gap frames SKYSUITES17's relative value proposition.
A 5.7% appreciation over two years is healthy without looking frothy. With 14 deals in two years, the pricing data has reasonable statistical weight. For context, TREVISTA has gained 16.8% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.6% tracks the RCR average of 3.5%. At $3,497/month median rent, income is market-rate -- neither a standout nor a weakness.
The 115-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 |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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