THE LAKEFRONT RESIDENCES
UrbanLens Analysis
At $1,688 PSF, THE LAKEFRONT RESIDENCES prices 21% above the District 22 median. Compare that to SORA at $2,230 PSF -- a 24% premium that buyers need to justify. Being 3 minutes on foot from Lakeside MRT (211m) adds genuine convenience and supports the pricing.
The 11.6% gain in two years signals steady demand -- solid, not speculative. 35 transactions over two years gives deep liquidity and reliable pricing signals. For context, LAKE GRANDE has gained 9.3% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.7% tracks the OCR average of 3.4%. At $5,353/month median rent, income is market-rate -- neither a standout nor a weakness.
At 629 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SORA | $2,230 | — | 0.0% |
| THE LAKEGARDEN RESIDENCES | $2,187 | — | +3.9% |
| WESTWOOD RESIDENCES | $1,340 | — | +11.0% |
| LAKE GRANDE | $1,851 | 4.3% | +9.3% |
| THE LAKESHORE | $1,474 | 3.7% | +15.7% |
PSF Trend
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