SOMMERVILLE PARK
UrbanLens Analysis
SOMMERVILLE PARK commands $2,159 PSF -- 2% below what District 10 typically fetches ($2,197 PSF). Farrer Road MRT is 538m away (7-min walk), functional but not a headline selling point. Against 19 NASSIM at $3,381 PSF, the 36% discount is worth examining closely.
The +4.2% two-year price movement is negligible -- neither bullish nor bearish. 36 transactions over two years gives deep liquidity and reliable pricing signals. For context, D'LEEDON has gained 10.0% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.2% lags the CCR segment average of 3.0%. Investors here are betting on price growth over rental returns.
The 456-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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