TRIBECA
UrbanLens Analysis
At $2,535 PSF, TRIBECA prices 14% above the District 09 median. Compare that to THE ROBERTSON OPUS at $3,359 PSF -- a 25% premium that buyers need to justify. Being 4 minutes on foot from Havelock MRT (296m) adds genuine convenience and supports the pricing.
Prices have essentially flatlined over two years (+2.6%), suggesting a market in equilibrium. With 13 deals in two years, the pricing data has reasonable statistical weight. For context, SOPHIA HILLS has gained 3.6% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. The 2.6% yield trails the CCR average of 3.0%. At $5,704/month median rent, this is a capital-appreciation bet, not an income play.
The 175-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| RIVER GREEN | $3,125 | — | 0.0% |
| THE ROBERTSON OPUS | $3,359 | — | 0.0% |
| THE COLLECTIVE AT ONE SOPHIA | $2,767 | — | 0.0% |
| SOPHIA HILLS | $2,128 | 3.9% | +3.6% |
| HILL HOUSE | $3,081 | — | +1.3% |
PSF Trend
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