THE LINEAR
UrbanLens Analysis
THE LINEAR trades at $1,354 PSF, sitting 8% below the District 23 median of $1,471 PSF. At 6 minutes from Bukit Panjang MRT (496m), transit access is passable but not a differentiator. HILLHAVEN fetches $2,133 PSF nearby -- that 37% gap frames THE LINEAR's relative value proposition.
A 6.4% appreciation over two years is healthy without looking frothy. With 12 deals in two years, the pricing data has reasonable statistical weight. For context, LUMINA GRAND has lost 0.6% 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. Gross yield of 3.3% tracks the OCR average of 3.4%. At $5,016/month median rent, income is market-rate -- neither a standout nor a weakness.
With 221 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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