SUNGLADE
UrbanLens Analysis
SUNGLADE trades at $1,574 PSF, sitting 7% above the District 19 median of $1,472 PSF. The 4-minute walk to Serangoon MRT (307m) is a tangible lifestyle and resale advantage. CHUAN PARK fetches $2,596 PSF nearby -- that 39% gap frames SUNGLADE's relative value proposition.
A 14.0% appreciation over two years is healthy without looking frothy. With 30 deals in two years, the pricing data has reasonable statistical weight. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
Roughly 73 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.0% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 475-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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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