THE SPRINGBLOOM
UrbanLens Analysis
At $1,595 PSF, THE SPRINGBLOOM prices 8% above the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 39% premium that buyers need to justify. Being 2 minutes on foot from Lorong Chuan MRT (173m) adds genuine convenience and supports the pricing.
The 14.8% gain in two years signals steady demand -- solid, not speculative. With 20 deals in two years, the pricing data has reasonable statistical weight. For context, AFFINITY AT SERANGOON has gained 2.6% over the same period.
Around 68 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 3.3% tracks the OCR average of 3.4%. At $6,095/month median rent, income is market-rate -- neither a standout nor a weakness.
The 372-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 |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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