WEST BAY CONDOMINIUM
UrbanLens Analysis
At $1,182 PSF, WEST BAY CONDOMINIUM prices 27% below the District 05 median. Compare that to ELTA at $2,547 PSF -- a 54% premium that buyers need to justify. The 22-minute walk to Clementi MRT (1764m) is workable, though not the kind of proximity that commands a premium on its own.
The 13.3% gain in two years signals steady demand -- solid, not speculative. With 20 deals in two years, the pricing data has reasonable statistical weight. For context, NORMANTON PARK has gained 10.3% over the same period.
Around 64 years remain on the lease. Financing is still available, but the exit window narrows with each passing year. Factor this into any holding period beyond 15 years. Gross yield of 4.0% beats the OCR average of 3.4%. With $3,879/month median rent, income-focused buyers have a real case here.
The 318-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
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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