THE CALLISTA
UrbanLens Analysis
THE CALLISTA commands $1,319 PSF -- 16% below what District 12 typically fetches ($1,562 PSF). Potong Pasir MRT is 839m away (10-min walk), functional but not a headline selling point. Against THE ORIE at $2,723 PSF, the 52% discount is worth examining closely.
Prices are up 9.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. 6 transactions over two years is modest; the trend is directional, not definitive. For context, EIGHT RIVERSUITES has gained 12.9% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 87-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
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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