THE CAPE
UrbanLens Analysis
THE CAPE trades at $2,107 PSF, sitting 25% above the District 15 median of $1,689 PSF. At 6 minutes from Tanjong Katong MRT (454m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 34% gap frames THE CAPE's relative value proposition.
Prices have essentially flatlined over two years (+2.4%), suggesting a market in equilibrium. 8 transactions over two years is modest; the trend is directional, not definitive. For context, THE CONTINUUM has gained 5.0% 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. Gross yield of 3.4% tracks the RCR average of 3.5%. At $3,503/month median rent, income is market-rate -- neither a standout nor a weakness.
The 76-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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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