THE LANAI
UrbanLens Analysis
THE LANAI trades at $1,628 PSF, sitting 11% above the District 23 median of $1,471 PSF. At 10 minutes from Hume MRT (825m), transit access is passable but not a differentiator. HILLHAVEN fetches $2,133 PSF nearby -- that 24% gap frames THE LANAI's relative value proposition.
Prices have essentially flatlined over two years (+3.3%), suggesting a market in equilibrium. With 25 deals in two years, the pricing data has reasonable statistical weight. For context, THE MYST has lost 0.4% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. The 3.0% yield trails the OCR average of 3.4%. At $4,250/month median rent, this is a capital-appreciation bet, not an income play.
With 214 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 |
|---|---|---|---|
| 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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