SPRING @ KATONG
UrbanLens Analysis
SPRING @ KATONG trades at $2,018 PSF, sitting 19% above the District 15 median of $1,689 PSF. The 5-minute walk to Marine Parade MRT (388m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 37% gap frames SPRING @ KATONG's relative value proposition.
A 14.6% appreciation over two years is healthy without looking frothy. 4 transactions over two years is modest; the trend is directional, not definitive. For context, TEMBUSU GRAND has lost 1.7% 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 52 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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