THE PARC CONDOMINIUM
UrbanLens Analysis
THE PARC CONDOMINIUM commands $1,915 PSF -- 18% above what District 05 typically fetches ($1,618 PSF). Clementi MRT is 575m away (7-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 25% discount is worth examining closely.
Prices have surged 18.0% in two years. That is strong performance, though buyers entering now face elevated downside risk. 40 transactions over two years gives deep liquidity and reliable pricing signals. For context, NORMANTON PARK has gained 10.3% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.9% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 659-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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