THE PETALS
UrbanLens Analysis
THE PETALS commands $1,345 PSF -- 9% below what District 23 typically fetches ($1,471 PSF). Hume MRT is 973m away (12-min walk), functional but not a headline selling point. Against HILLHAVEN at $2,133 PSF, the 37% discount is worth examining closely.
Prices are up 5.6% over two years, reflecting genuine buyer interest without bubble-level exuberance. 8 transactions over two years is modest; the trend is directional, not definitive. For context, LUMINA GRAND has lost 0.6% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. The 2.5% yield trails the OCR average of 3.4%. At $5,301/month median rent, this is a capital-appreciation bet, not an income play.
With 270 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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