THE VINES
UrbanLens Analysis
THE VINES commands $1,426 PSF -- 4% below what District 14 typically fetches ($1,488 PSF). Eunos MRT is 550m away (7-min walk), functional but not a headline selling point. Against PARC ESTA at $2,271 PSF, the 37% discount is worth examining closely.
Prices have essentially flatlined over two years (+4.6%), suggesting a market in equilibrium. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, EUHABITAT has gained 3.1% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
A boutique 35-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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