THE WHARF RESIDENCE
UrbanLens Analysis
THE WHARF RESIDENCE commands $2,412 PSF -- NaN% below what District 09 typically fetches ($0 PSF). Fort Canning MRT is 470m away (6-min walk), functional but not a headline selling point.
Prices are up 8.0% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 19 deals in two years, the pricing data has reasonable statistical weight.
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. Gross yield of 2.8% beats the CCR average of 0.0%. With $6,566/month median rent, income-focused buyers have a real case here.
At 186 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
PSF Trend
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