THE ESPIRA
UrbanLens Analysis
THE ESPIRA trades at $1,362 PSF, sitting 19% below the District 15 median of $1,689 PSF. At 8 minutes from Marine Terrace MRT (624m), transit access is passable but not a differentiator. MEYER BLUE fetches $3,205 PSF nearby -- that 58% gap frames THE ESPIRA's relative value proposition.
The -1.1% two-year price movement is negligible -- neither bullish nor bearish. 4 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. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 40 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
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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