THE JOVELL
UrbanLens Analysis
At $1,489 PSF, THE JOVELL prices 26% above the District 17 median. Compare that to KASSIA at $2,065 PSF -- a 28% premium that buyers need to justify. The 16-minute walk to Tampines MRT (1247m) is workable, though not the kind of proximity that commands a premium on its own.
A 2.6% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. 46 transactions over two years gives deep liquidity and reliable pricing signals. For context, PARC OLYMPIA has gained 7.2% over the same period.
Roughly 91 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 4.2% beats the OCR average of 3.4%. With $3,707/month median rent, income-focused buyers have a real case here.
The 428-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 |
|---|---|---|---|
| COASTAL CABANA | $1,790 | — | 0.0% |
| KASSIA | $2,065 | — | 0.0% |
| HEDGES PARK CONDOMINIUM | $1,274 | 4.3% | +11.0% |
| PARC OLYMPIA | $1,192 | 4.5% | +7.2% |
| THE INFLORA | $1,320 | 4.1% | +4.5% |
PSF Trend
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