THE JADE
UrbanLens Analysis
At $1,349 PSF, THE JADE prices 8% below the District 23 median. Compare that to HILLHAVEN at $2,133 PSF -- a 37% premium that buyers need to justify. Being 1 minutes on foot from Bukit Batok MRT (83m) adds genuine convenience and supports the pricing.
The 10.2% gain in two years signals steady demand -- solid, not speculative. With 19 deals in two years, the pricing data has reasonable statistical weight. For context, THE BOTANY AT DAIRY FARM has lost 2.4% over the same period.
Roughly 74 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.4% tracks the OCR average of 3.4%. At $5,005/month median rent, income is market-rate -- neither a standout nor a weakness.
The 280-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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