Bijou Review — Pandan Road · D5
HuatScore: 65/100 — Good
Is Bijou a good buy?
HuatScore rates Bijou 65/100 — a "Good" verdict. That makes it a conditional buy for value-focused buyers comfortable with the location tradeoff and investors chasing a workable ~3.2% yield. Strongest card: Sensible price gap. Main watch-out: Thin transaction volume. Pricing is reasonable for the location at current market.
Last updated 2026-08-20 · scored against URA caveat data.
Key facts
- Verdict: Good
- Region: Rest of Central Region
- Tenure: Freehold
- Completed: 2016
- Units: 116
- Developer: Far East Organization
- Avg PSF: ~$1,800 psf
- Price from: S$1.1M
Live market data
- Resale transactions (12mo): 3
- Recent resale PSF: ~$1,990 psf
- Gross rental yield: 3.7%
What works in its favour
- Sensible price gap: Launch PSF only +7% above local resale benchmark. Headroom for capital appreciation intact.
- Real gross yield: 3.7%: Yield is above the SG private market median (~3.2%). Decent cash flow buffer if interest rates climb. Based on URA median rent (2026Q1) over the project's real resale PSF.
- 3-bedder × investment — appreciation sweet spot: Sells into the deepest pool — owner-occupier families. That demand floor drives durable capital appreciation. The investor default for total return, not just headline yield.
What to watch out for
- Thin transaction volume: Only 3 resale deals in the past year. Equity trap risk — when you want to exit, very few buyers to anchor against.
- Quiet resale demand: Demand pulse 10/100 — only 3 resales in the last 12 months. Thin secondary-market activity; exits can be slow.
- Thin future upgrader pool: Live count: 0 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 65 HDB blocks total within 2km), and 1 nearby BTO (incl. Berlayar Residences, ~2030) add a fresh upgrader wave from ~2035. Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who Bijou 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
53% up over 5 years, now ~$1,800 psf. Track record confirm got. Only 3 deals the whole year — sell also must queue.