THE M
UrbanLens Analysis
At $2,645 PSF, THE M prices 28% above the District 07 median. Compare that to MIDTOWN MODERN at $3,135 PSF -- a 16% premium that buyers need to justify. Being 4 minutes on foot from Bugis MRT (311m) adds genuine convenience and supports the pricing.
The 7.8% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 26 deals in two years, the pricing data has reasonable statistical weight. For context, CITY GATE has gained 3.8% over the same period.
With ~92 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.1% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $6,094/month median rent makes this genuinely compelling for income investors.
At 522 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 |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| CITY GATE | $2,124 | 2.8% | +3.8% |
| MIDTOWN MODERN | $3,135 | 3.3% | +9.9% |
| CONCOURSE SKYLINE | $2,013 | 3.4% | +4.8% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.