SPOTTISWOODE 18
UrbanLens Analysis
SPOTTISWOODE 18 commands $2,330 PSF -- 4% above what District 02 typically fetches ($2,230 PSF). Outram Park MRT is 595m away (7-min walk), functional but not a headline selling point. Against NEWPORT RESIDENCES at $3,070 PSF, the 24% discount is worth examining closely.
The +2.6% two-year price movement is negligible -- neither bullish nor bearish. With 21 deals in two years, the pricing data has reasonable statistical weight. For context, ICON has gained 1.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 4.0% beats the RCR average of 3.5%. With $3,100/month median rent, income-focused buyers have a real case here.
The 251-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
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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