THE RED HOUSE
UrbanLens Analysis
THE RED HOUSE trades at $1,473 PSF, sitting NaN% below the District 15 median of $0 PSF. The 4-minute walk to Marine Parade MRT (351m) is a tangible lifestyle and resale advantage.
The 5.9% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. With 14 deals in two years, the pricing data has reasonable statistical weight.
With ~85 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 42-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
PSF Trend
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