SOUTHAVEN II
UrbanLens Analysis
SOUTHAVEN II commands $1,652 PSF -- 3% below what District 21 typically fetches ($1,697 PSF). Beauty World MRT is 724m away (9-min walk), functional but not a headline selling point. Against 8@BT at $2,727 PSF, the 39% discount is worth examining closely.
Prices are up 7.6% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 21 deals in two years, the pricing data has reasonable statistical weight. For context, KI RESIDENCES AT BROOKVALE has gained 10.0% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Gross yield of 2.5% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 293-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| NAVA GROVE | $2,478 | — | 0.0% |
| PINETREE HILL | $2,543 | — | +6.4% |
| 8@BT | $2,727 | — | 0.0% |
| THE SEN | $2,338 | — | 0.0% |
| KI RESIDENCES AT BROOKVALE | $2,242 | 2.9% | +10.0% |
PSF Trend
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