SPANISH VILLAGE
UrbanLens Analysis
SPANISH VILLAGE commands $2,043 PSF -- 7% below what District 10 typically fetches ($2,197 PSF). Farrer Road MRT sits just 353m away (4-min walk), a clear connectivity win. Against 19 NASSIM at $3,381 PSF, the 40% discount is worth examining closely.
Prices have essentially flatlined over two years (+2.1%), suggesting a market in equilibrium. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, CUSCADEN RESERVE has lost 19.9% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.1% yield trails the CCR average of 3.0%. At $5,649/month median rent, this is a capital-appreciation bet, not an income play.
With 226 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously. 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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