THE METROPOLITAN CONDOMINIUM
UrbanLens Analysis
THE METROPOLITAN CONDOMINIUM trades at $1,851 PSF, sitting 15% below the District 03 median of $2,186 PSF. The 2-minute walk to Redhill MRT (130m) is a tangible lifestyle and resale advantage. ZYON GRAND fetches $3,046 PSF nearby -- that 39% gap frames THE METROPOLITAN CONDOMINIUM's relative value proposition.
A 9.1% appreciation over two years is healthy without looking frothy. 32 transactions over two years gives deep liquidity and reliable pricing signals. For context, AVENUE SOUTH RESIDENCE has lost 2.8% over the same period.
Roughly 79 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.1% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
The 382-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 |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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