THE ELYSIA
UrbanLens Analysis
THE ELYSIA trades at $1,345 PSF, sitting 14% below the District 12 median of $1,562 PSF. At 9 minutes from Boon Keng MRT (755m), transit access is passable but not a differentiator. THE ORIE fetches $2,723 PSF nearby -- that 51% gap frames THE ELYSIA's relative value proposition.
A 15.5% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. 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.
A boutique 40-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin.
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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