The Landmark Review — Pearls Hill · D03
PI Score: 74/100 — Solid Choice!
Is The Landmark a good buy?
PI Score rates The Landmark 74/100 — a "Solid Choice!" verdict. That makes it a solid buy for value-focused buyers comfortable with the location tradeoff and investors chasing a workable ~3.2% yield. Strongest card: Precinct has a catalyst. Main watch-out: Not a school-belt play. Pricing is reasonable for the location at current market.
Last updated 2025-01-15 · scored against URA caveat data.
Key facts
- Verdict: Solid Choice!
- Region: Rest of Central Region
- Tenure: 99-yr leasehold
- Completed: 2024
- Units: 396
- Developer: SSLE Development
- Avg PSF: ~$2,650 psf
- Price from: S$1.2M
What works in its favour
- Precinct has a catalyst: Growth scores 8/10 — infrastructure or Master Plan work in the area gives this a reason to re-rate beyond general market drift.
- Genuinely well-connected: Location scores 7/10 — MRT and daily amenities are within practical reach, which is what keeps both tenant demand and the resale pool deep.
- Entry price leaves room: Value scores 7/10 at ~$2,650 psf (entry from $1.2M) — you are not paying for the whole story upfront, which is where a margin of safety comes from.
- Rental demand supports ~3.2% gross: Rental scores 7/10 — tenants are findable in this pocket, so an investor is not underwriting long vacancy between leases.
What to watch out for
- Not a school-belt play: Schools score 4/10 — families treating P1 proximity as the deciding criterion will find better odds elsewhere, which thins one important slice of the resale pool.
Who The Landmark suits
- Value-focused buyers comfortable with the location tradeoff
- Yield investors — ~3.2% gross is workable; favour larger unit types
- Forward-looking buyers comfortable waiting for precinct transformation to deliver
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
- Families for whom P1 school access is the primary criterion
Huat Kueh says
Pearls Hill still transforming, 396 units — upside got runway. Not a school-belt address — parents will shop elsewhere.
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