THE HELICONIA
UrbanLens Analysis
At $1,300 PSF, THE HELICONIA prices 13% below the District 14 median. Compare that to PARC ESTA at $2,271 PSF -- a 43% premium that buyers need to justify. The 9-minute walk to Kembangan MRT (752m) is workable, though not the kind of proximity that commands a premium on its own.
The +3.6% two-year price movement is negligible -- neither bullish nor bearish. With 11 deals in two years, the pricing data has reasonable statistical weight. For context, PARK PLACE RESIDENCES AT PLQ has gained 4.8% 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. 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 103 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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