ST MICHAEL'S PLACE
UrbanLens Analysis
At $1,456 PSF, ST MICHAEL'S PLACE prices 7% below the District 12 median. Compare that to THE ORIE at $2,723 PSF -- a 47% premium that buyers need to justify. The 8-minute walk to Boon Keng MRT (677m) is workable, though not the kind of proximity that commands a premium on its own.
The 6.4% gain in two years signals steady demand -- solid, not speculative. 4 transactions over two years is modest; the trend is directional, not definitive. For context, THE ARCADY AT BOON KENG has gained 1.6% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. 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 74 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| THE ORIE | $2,723 | — | 0.0% |
| EIGHT RIVERSUITES | $1,858 | 4.2% | +12.9% |
| GEM RESIDENCES | $1,945 | 3.6% | +8.4% |
| TREVISTA | $1,902 | 2.7% | +16.8% |
| THE ARCADY AT BOON KENG | $2,617 | — | +1.6% |
PSF Trend
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