WATERFRONT @ FABER
UrbanLens Analysis
WATERFRONT @ FABER commands $1,530 PSF -- 5% below what District 05 typically fetches ($1,618 PSF). Clementi MRT is 1432m away (18-min walk), functional but not a headline selling point. Against ELTA at $2,547 PSF, the 40% discount is worth examining closely.
Prices have essentially flatlined over two years (+2.7%), suggesting a market in equilibrium. With 23 deals in two years, the pricing data has reasonable statistical weight. For context, PARC CLEMATIS has gained 5.9% over the same period.
With ~86 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.6% tracks the OCR average of 3.4%. At $3,470/month median rent, income is market-rate -- neither a standout nor a weakness.
With 210 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 |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
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