THE TENNERY
UrbanLens Analysis
THE TENNERY trades at $1,345 PSF, sitting 9% below the District 23 median of $1,471 PSF. The 1-minute walk to Bukit Panjang MRT (77m) is a tangible lifestyle and resale advantage. HILLHAVEN fetches $2,133 PSF nearby -- that 37% gap frames THE TENNERY's relative value proposition.
A 6.5% appreciation over two years is healthy without looking frothy. 51 transactions over two years gives deep liquidity and reliable pricing signals. For context, LUMINA GRAND has lost 0.6% over the same period.
With ~83 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 4.3% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $2,976/month median rent makes this genuinely compelling for income investors.
With 388 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 |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.