The Crest Review — Alexandra · D03
PI Score: 49/100 — Conditional Buy
Is The Crest a good buy?
PI Score rates The Crest 49/100 — a "Conditional Buy" verdict. That makes it a speculative play for value-focused buyers comfortable with the location tradeoff and investors chasing a workable ~3.2% yield. Strongest card: Both anchors locked in. Main watch-out: Thin future upgrader pool. Pricing is reasonable for the location at current market.
Last updated 2026-08-03 · scored against URA caveat data.
Key facts
- Verdict: Conditional Buy
- Region: Rest of Central Region
- Tenure: 99-yr leasehold
- Completed: 2017
- Units: 469
- Developer: Wing Tai × Far East × Keppel
- Avg PSF: ~$1,975 psf
- Price from: S$0.9M
Live market data
- Resale transactions (12mo): 25
- Recent resale PSF: ~$1,960 psf
- Gross rental yield: 3.4%
What works in its favour
- Both anchors locked in: 594m to ALEXANDRA PRIMARY SCHOOL and 434m (~5-min walk) to Redhill MRT (Exit B). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Sensible price gap: Launch PSF only +7% above local resale benchmark. Headroom for capital appreciation intact.
- Hot resale demand: Demand pulse 83/100 — 25 resales in the last 12 months. Units turn over fast; easy to find buyers when you exit.
- Tight new-launch competition: Only 1 active private launch in your district — scarcity supports resale liquidity and pricing.
What to watch out for
- Thin future upgrader pool: Live count: 0 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 563 HDB blocks total within 2km), and 3 nearby BTOs (incl. Redhill Peaks, ~2031) add a fresh upgrader wave from ~2036. Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who The Crest suits
- Value-focused buyers comfortable with the location tradeoff
- Yield investors — ~3.2% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
25 resales in a year, #5 in D3 — liquid. Chart going the wrong way — let the sellers come to you.
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