THE GAZANIA
UrbanLens Analysis
At $2,364 PSF, THE GAZANIA prices 61% above the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 9% premium that buyers need to justify. Being 5 minutes on foot from Bartley MRT (370m) adds genuine convenience and supports the pricing.
The 5.5% gain in two years signals steady demand -- solid, not speculative. 8 transactions over two years is modest; the trend is directional, not definitive. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. The 2.9% yield trails the OCR average of 3.4%. At $5,058/month median rent, this is a capital-appreciation bet, not an income play.
With 250 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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