Is Arc at Tampines a good investment?

Here is a summary of ARC AT TAMPINES:
Street Name: Tampines Avenue 8
District/Planning Area: D18 / Tampines
Property Type: Executive Condominium, Condominium
Developer: HOI HUP SUNWAY TAMPINES PTE LTD
Tenure: 99 Yrs From 22/02/2011
Completion: 2014
Est. Land Size: 20,600 sqm
Number of Units: 574 units
Bedroom Types: 2BR, 3BR, 4BR
Buyer Profile by Residential Status: Singaporean 91.9%, PR 8.1%, Foreigner 0.0%, Company 0.0%
Average sale price*: $1,377 psf
Rental Yield**: 3.5%
*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction
**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction