WESTCOVE CONDOMINIUM
UrbanLens Analysis
At $1,145 PSF, WESTCOVE CONDOMINIUM prices 29% below the District 05 median. Compare that to ELTA at $2,547 PSF -- a 55% premium that buyers need to justify. The 24-minute walk to Clementi MRT (1938m) is workable, though not the kind of proximity that commands a premium on its own.
The 7.8% gain in two years signals steady demand -- solid, not speculative. With 21 deals in two years, the pricing data has reasonable statistical weight. For context, PARC CLEMATIS has gained 5.9% over the same period.
Around 68 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. At 3.9% gross yield versus the OCR average of 3.4%, rental returns are above-market. The $4,638/month median rent makes this genuinely compelling for income investors.
With 234 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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