ZEDGE
UrbanLens Analysis
At $1,831 PSF, ZEDGE prices 8% below the District 11 median. Compare that to WATTEN HOUSE at $3,264 PSF -- a 44% premium that buyers need to justify. The 7-minute walk to Novena MRT (529m) is workable, though not the kind of proximity that commands a premium on its own.
The +4.8% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, SOLEIL @ SINARAN has gained 4.4% 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 3.4% beats the CCR average of 3.0%. With $3,941/month median rent, income-focused buyers have a real case here.
At 102 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| WATTEN HOUSE | $3,264 | — | +1.8% |
| SANCTUARY@NEWTON | $2,691 | — | +1.7% |
| AMARYLLIS VILLE | $2,060 | 3.0% | +8.8% |
| PARK INFINIA AT WEE NAM | $2,425 | 2.7% | +4.3% |
| SOLEIL @ SINARAN | $2,070 | 3.3% | +4.4% |
PSF Trend
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