THE SHOREFRONT
UrbanLens Analysis
At $1,917 PSF, THE SHOREFRONT prices 41% above the District 18 median. Compare that to PARKTOWN RESIDENCE at $2,363 PSF -- a 19% premium that buyers need to justify. The 17-minute walk to Pasir Ris MRT (1375m) is workable, though not the kind of proximity that commands a premium on its own.
The +1.1% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, THE TAPESTRY has gained 3.8% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 23 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARKTOWN RESIDENCE | $2,363 | — | 0.0% |
| AURELLE OF TAMPINES | $1,769 | — | 0.0% |
| TREASURE AT TAMPINES | $1,738 | 3.7% | +5.6% |
| THE TAPESTRY | $1,704 | 3.9% | +3.8% |
| MELVILLE PARK | $919 | 4.2% | +3.7% |
PSF Trend
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