THE SUMMIT
UrbanLens Analysis
THE SUMMIT trades at $1,803 PSF, sitting 22% above the District 16 median of $1,478 PSF. The 5-minute walk to Bayshore MRT (413m) is a tangible lifestyle and resale advantage. BAGNALL HAUS fetches $2,500 PSF nearby -- that 28% gap frames THE SUMMIT's relative value proposition.
A 14.1% appreciation over two years is healthy without looking frothy. 10 transactions over two years is modest; the trend is directional, not definitive. For context, SCENECA RESIDENCE has lost 0.8% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. The 2.3% yield trails the OCR average of 3.4%. At $4,846/month median rent, this is a capital-appreciation bet, not an income play.
With 242 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 |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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