WHITEHAVEN
UrbanLens Analysis
At $1,655 PSF, WHITEHAVEN prices 2% above the District 05 median. Compare that to ELTA at $2,547 PSF -- a 35% premium that buyers need to justify. The 11-minute walk to Kent Ridge MRT (878m) is workable, though not the kind of proximity that commands a premium on its own.
A 3.2% pullback over two years suggests the market is repricing this address. Patient buyers could benefit if the floor holds. 10 transactions over two years is modest; the trend is directional, not definitive. For context, NORMANTON PARK has gained 10.3% 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. Gross yield of 4.0% beats the RCR average of 3.5%. With $3,401/month median rent, income-focused buyers have a real case here.
At 121 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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