THE SHORE RESIDENCES
UrbanLens Analysis
THE SHORE RESIDENCES commands $2,096 PSF -- 24% above what District 15 typically fetches ($1,689 PSF). Marine Parade MRT is 448m away (6-min walk), functional but not a headline selling point. Against MEYER BLUE at $3,205 PSF, the 35% discount is worth examining closely.
Prices have surged 15.8% in two years. That is strong performance, though buyers entering now face elevated downside risk. With 27 deals in two years, the pricing data has reasonable statistical weight. For context, TEMBUSU GRAND has lost 1.7% over the same period.
Roughly 86 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the RCR average of 3.5%. At $5,450/month median rent, income is market-rate -- neither a standout nor a weakness.
The 408-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 |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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