THE BEACON
UrbanLens Analysis
At $1,759 PSF, THE BEACON prices 21% below the District 02 median. Compare that to NEWPORT RESIDENCES at $3,070 PSF -- a 43% premium that buyers need to justify. The 6-minute walk to Outram Park MRT (508m) is workable, though not the kind of proximity that commands a premium on its own.
The 7.6% gain in two years signals steady demand -- solid, not speculative. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, ICON has gained 1.8% over the same period.
Roughly 77 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.0% beats the RCR average of 3.5%. With $5,399/month median rent, income-focused buyers have a real case here.
At 124 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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