THE BOULEVARD RESIDENCE
UrbanLens Analysis
THE BOULEVARD RESIDENCE trades at $0 PSF, roughly in line with the D10 median ($2,197). At 7 minutes to Orchard MRT, connectivity is serviceable but falls short of the doorstep premium bracket. In this pocket, D'LEEDON commands $2,044 PSF while SKYE AT HOLLAND sits at $2,949, placing THE BOULEVARD RESIDENCE in the value tier.
Extremely thin liquidity is a red flag, with 0 transactions over 24 months and flat pricing. That outpaces CUSCADEN RESERVE's -19.9% move over the same period.
No rental yield data is available, making it harder to assess the income case. For a rough proxy, CUSCADEN RESERVE nearby yields 3.17% at $3,024 PSF — use that as a benchmark when evaluating rental potential. The freehold tenure removes lease-decay risk entirely — a structural advantage that compounds over longer holding periods.
Verdict: neutral. At today's price, this is neither compelling nor avoidable. Against CUSCADEN RESERVE at $3,024 PSF, THE BOULEVARD RESIDENCE offers genuine value. With only 46 units, a single distressed sale can move the needle on valuations. At 100% below the CCR median of $2,151, pricing reflects relative value within the segment.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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