TAN TONG MENG TOWER
UrbanLens Analysis
TAN TONG MENG TOWER trades at $1,127 PSF, sitting 43% below the District 11 median of $1,983 PSF. At 9 minutes from Mount Pleasant MRT (711m), transit access is passable but not a differentiator. WATTEN HOUSE fetches $3,264 PSF nearby -- that 65% gap frames TAN TONG MENG TOWER's relative value proposition.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, AMARYLLIS VILLE has gained 8.8% 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 just 35 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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