WILSHIRE RESIDENCES
UrbanLens Analysis
WILSHIRE RESIDENCES is a freehold mid-sized 85-unit development on FARRER ROAD in the Tanglin-Holland prestige zone (CCR), a 7-minute walk from Farrer Road MRT. Freehold tenure is the standout structural feature -- no lease decay, no CPF restrictions, and perpetual land value underpinning the asset even when transaction data is thin.
Transaction volume has been effectively zero in recent periods, which makes any pricing assessment speculative at best. The absence of recent deals could reflect stable long-term ownership, or it could signal a market that has difficulty finding willing buyers at current expectations. Either way, price discovery is severely limited.
Gross yield sits at 2.59% on median rent of $4,438/month. Sub-3% yield on an illiquid asset is a tough proposition -- the risk premium demanded should be higher.
Freehold CCR stock is finite and becoming scarcer with every government land sale. WILSHIRE RESIDENCES carries long-term scarcity value, though near-term price action will depend on broader luxury market sentiment and the pace of foreign demand recovery.
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