Type

Units

Min Area

Price Range

2 BR

947 sqft

From S$1.9XM

4+ BR

635 sqft

From S$1.2XM

Property Highlights

Studio unit priced at S$1,238,888 with 635 sqft of space
Conveniently located just 10 minutes walk from Redhill MRT Station
Excellent entry point for first-time buyers or astute investors
Well-positioned in a mature residential neighbourhood with good connectivity
Compact layout ideal for professionals seeking urban living near transport

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Ref: 500026193

The Crest: Prime Studio Living Near Redhill MRT

Located at 101 Prince Charles Crescent, The Crest offers a thoughtfully designed studio condominium that combines affordability with accessibility. This 635-square-foot unit presents itself as an attractive option for Singapore's discerning property seekers, whether embarking on their homeownership journey or building an investment portfolio with immediate rental potential.

The property sits in a neighbourhood that has matured considerably over recent years, with established infrastructure and a strong community presence. The strategic positioning near one of Singapore's key transport corridors ensures that residents enjoy seamless connectivity to both the Central Business District and suburban employment hubs. The 10-minute proximity to Redhill MRT Station—approximately 800 metres away—removes the typical distance anxiety that many studio buyers experience, making daily commutes manageable without additional transport costs.

Thoughtful Layout and Space Efficiency

At 635 square feet, this studio has been planned with modern living standards in mind. The configuration maximises usable space whilst maintaining clear sight lines and a sense of openness that smaller units sometimes lack. The inclusion of one full bathroom ensures guest accommodation and daily convenience, whilst the open-plan living and sleeping arrangement allows flexibility in personal styling and furniture placement. Such dimensions are increasingly popular amongst young professionals, downsizers, and savvy investors seeking lower absolute purchase prices with proportionally strong rental economics.

Investment Credentials and Rental Demand

The Crest's location immediately adjacent to a major MRT station transforms its appeal as a buy-to-let asset. Studio units in this catchment have traditionally achieved solid rental yields, particularly amongst expatriate professionals, young graduates, and corporate tenants seeking furnished, move-in-ready accommodation within walking distance of public transport. The transient nature of Singapore's workforce means consistent demand for compact, well-appointed units that eliminate the need for lengthy leases or large security deposits. Investors typically find that the lower entry price accelerates payback periods compared to larger unit formats, especially when factoring in the high occupancy rates and rental premiums that proximity to MRT stations command.

Neighbourhood Character and Amenities

Prince Charles Crescent sits within an established residential envelope offering convenience and community vibrancy. The area benefits from a mix of modern retail outlets, dining establishments, and grocery facilities within short walking distance or a quick MRT ride away. This blend of residential calm and urban accessibility is precisely what appeals to professionals who wish to maintain work-life balance without sacrificing proximity to employment centres. The mature nature of the neighbourhood means depreciated utility costs, fewer disruptions from major construction projects, and a stable property value trajectory supported by consistent demand.

Transportation and Connectivity Benefits

Redhill MRT Station serves the East-West Line, one of Singapore's busiest and most strategically important corridors. For professionals working in the Marina Bay area, Jurong industrial zone, or along the east coast, this station provides direct, time-efficient travel without requiring bus transfers or personal vehicle dependencies. The consequent reduction in transport outgoings makes the overall cost of homeownership considerably more attractive. Furthermore, future transport infrastructure developments—including potential Circle Line extensions and bus rapid transit enhancements—are expected to further elevate this station's significance and the corresponding desirability of surrounding properties.

Pricing Perspective and Market Position

At S$1,238,888, this studio positions itself at a price point that has proven increasingly competitive in Singapore's residential market. When calculated on a per-square-foot basis, the asking price sits within recent market transaction ranges for studio units in mature estates near major MRT stations. This pricing reflects the premium typically attributed to excellent connectivity, whilst remaining accessible to first-time buyers who might otherwise struggle to accumulate sufficient capital for larger unit formats. The absolute price also qualifies for more flexible financing structures from most local banking institutions, with many offering competitive loan packages for sub-S$1.5 million properties.

Suitability Across Buyer Demographics

First-time property buyers often find studios like this perfectly calibrated to their circumstances. The entry price allows them to begin building equity immediately, whilst the rental potential provides flexibility should personal circumstances change. For upgraders seeking to downsize—perhaps relocating for retirement or simplifying lifestyle management—the unit offers a zero-compromise transition into condo living with full amenity access. High-net-worth individuals frequently view well-located studios as portfolio diversification plays, particularly when chasing gross rental yields in the 4 to 5 percent range. Corporate housing departments also recognise such units as cost-effective accommodation solutions for expatriate staff, ensuring consistent tenant quality and predictable income streams.

Financial Considerations for Prospective Buyers

Buyers should note that Additional Buyer's Stamp Duty (ABSD) applies to second and subsequent property purchases, with rates starting at 5 percent of the purchase price for Singapore citizens and escalating significantly for permanent residents and foreign buyers. At this price level, ABSD implications become material—particularly for second-property purchasers—and should feature prominently in financial planning. Total Debt Servicing Ratio (TDSR) requirements typically allow borrowing up to 80 percent of the purchase price for owner-occupied properties, meaning loan amounts in the region of S$990,000 remain achievable for most income-qualifying applicants. The remaining downpayment burden is therefore manageable compared to larger unit purchases, though stamp duty calculations should be performed with professional guidance.

Leasehold Considerations and Long-Term Value

As with all Singapore condominiums, buyers should investigate the lease term remaining on the property, as leasehold duration significantly influences long-term appreciation potential and future saleability. Properties with remaining terms below 80 years face increasing resistance from banks and cautious buyers, which can suppress resale values. Conversely, units with fresh or extended leases enjoy stronger capital preservation. The maintenance sinking fund and property tax implications—both dependent on the development's age and management—warrant careful examination through the property's official documentation and building management office.

Competitive Positioning Within District Supply

Whilst the immediate Redhill catchment has seen limited new supply in recent years, nearby estates including Tiong Bahru and Tender Point offer competing options at varying price points. However, The Crest's explicit proximity to the MRT station differentiates it favourably for transport-focused buyers. Competing developments further inland may offer marginally larger units at comparable prices, yet the accessibility premium commands measurable market support, particularly amongst renters and younger owner-occupiers who budget carefully for transport expenditure.

Future Development Landscape

Singapore's long-term infrastructure planning indicates sustained investment in mature central and near-central estates. Redhill Station's position on the East-West Line—one of the most heavily utilised corridors—ensures it will continue commanding premium connectivity status. Potential upcoming developments in adjacent precincts may introduce supply, though the scarcity value of freehold or near-freehold options in such proximately central locations suggests sustained demand fundamentals. Economic diversification plans favouring waterfront and heritage district regeneration could further elevate the neighbourhood's appeal and property values.

Making Your Move

The Crest studio at 101 Prince Charles Crescent merits serious consideration from buyers seeking the optimal combination of affordability, location, and investment potential. The property's specifications—price, size, and transport access—align precisely with current market demand patterns, whilst its studio format delivers the lowest barriers to homeownership entry. Whether pursuing owner-occupancy or investment intent, this offering warrants professional inspection and thorough due diligence before commitment.

Frequently Asked Questions

What rental yield can I expect if I purchase this studio as an investment property?

Studio units in this Redhill MRT catchment typically achieve gross rental yields between 4 and 5.5 percent annually, depending on furnishing standards and tenant demographic targeting. At a purchase price of S$1,238,888, monthly rental income of approximately S$4,000 to S$5,500 would support yields within this range, with furnished units consistently commanding the higher end. Investors should factor in maintenance contributions (approximately 10–15 percent of gross rental income), property tax, and potential vacancy periods when calculating net yield, though proximity to a major MRT station typically ensures occupancy rates exceeding 90 percent in the current market environment.

How does this price per square foot compare to recent transactions in the Redhill area?

At approximately S$1,953 per square foot, this studio aligns closely with recent transactional evidence for studio units in the immediate Redhill vicinity, particularly those within 500 metres of the MRT station. Recent comparable sales have ranged between S$1,850 and S$2,100 per square foot depending on floor height, unit orientation, and individual property condition. The asking price reflects fair market valuation relative to the convenience premium commanded by MRT-proximate units, though buyers should always conduct comparative market analysis with their conveyancing solicitors to confirm this assessment aligns with their personal investment thesis.

What are the ABSD implications if I'm buying this as a second property?

For Singapore citizens purchasing a second property, Additional Buyer's Stamp Duty commences at 5 percent of the purchase price, equating to approximately S$61,944 on this transaction, with rates escalating to 10 percent for third and subsequent acquisitions. Permanent residents face significantly higher ABSD burdens, starting at 5 percent but increasing steeply to 15 percent for first properties and 20 percent thereafter. Foreign buyers currently face a flat 20 percent ABSD rate on all residential property purchases. These costs are material and must be incorporated into financial planning; seeking professional tax and legal advice before proceeding is therefore essential to ensure full understanding of ultimate purchase outlay.

Should I be concerned about lease decay and future resale value for this property?

Lease decay becomes a material concern once remaining tenure falls below 80 years, as this triggers TDSR restrictions from major banks and creates psychological resistance amongst conservative buyers. You should obtain the property's Land Titles Act documentation confirming exact remaining lease tenure before proceeding; if this property features a fresh or extended lease (99 years or more remaining), leasehold depreciation poses minimal medium-term concern. However, if the lease is approaching maturity (say, below 90 years remaining), capital appreciation may moderate in later years, and you should model this into your long-term holding horizon and exit strategies.

How does proximity to Redhill MRT Station affect demand and capital appreciation for studios?

Proximity to major MRT stations typically commands a measurable premium in Singapore's property market, with MRT-adjacent units appreciating faster than comparable units situated further inland. The East-West Line's status as one of Asia's busiest corridors ensures sustained high footfall and transport demand, translating to consistent rental yield support and stronger buyer demand profiles across economic cycles. Historical price appreciation data for Redhill-adjacent properties demonstrates outperformance relative to broader central estate indices, suggesting that this location should provide medium- to long-term capital gains alongside rental income, making it an attractive dual-return proposition.

Is this property suitable for first-time buyers, or should I consider myself only as an investor?

This studio is exceptionally well-suited to first-time owner-occupiers, particularly young professionals or couples establishing independent households for the initial time. The entry price eliminates the burden of accumulating excessive capital whilst permitting immediate equity building, and the space is perfectly calibrated for single occupants or couples without dependent children. Furthermore, should personal circumstances shift—relocation for work, marriage, or family expansion—the property's strong rental demand means converting to an investment vehicle is straightforward, providing flexibility that larger, owner-occupier-focused units frequently lack. First-timers benefit considerably from the lower absolute price point and the reduced quantum of financing required, improving serviceability ratios.

What TDSR implications exist at this S$1.24M price point, and what loan amounts can I typically access?

At this price point, most buyers can access loan amounts up to 80 percent of purchase price (S$990,000) from major local banks, with Total Debt Servicing Ratio policies typically capping monthly loan servicing at 60 percent of gross monthly household income. This means that a household earning S$8,250 monthly can comfortably service loan repayments at S$4,950 per month (a 25-year tenure), a threshold that most professional households comfortably exceed. The dowpayment requirement of 20 percent (S$247,778) is substantially more achievable than for larger unit purchases, whilst stamp duty and professional fees add approximately 3–4 percent additional outlay. Buyers should always obtain a binding loan approval letter from their chosen bank before proceeding to eliminate financing uncertainty.

How does The Crest compare to nearby competing developments in Tiong Bahru and Tender Point?

Competing developments in adjacent Tiong Bahru precincts may offer slightly larger units (say, 700–750 sqft) at comparable or marginally higher prices, but they sacrifice MRT-walking distance accessibility that increasingly-time-conscious professionals value highly. Tender Point offers design-forward residential options, but typically at price points positioning them toward the upper-middle rather than accessible-entry segment. The Crest's specific advantage resides in its direct MRT station proximity combined with competitive pricing; whilst competing units might theoretically offer more square footage, the transport premium The Crest commands appeals strongly to the income-optimising buyer segment prioritising convenience over absolute size. A side-by-side inspection of competing options remains advisable.

Which unit stack or floor level typically offers the best value proposition in similar-sized developments?

Middle-level units (floors 5–15) in condo developments typically represent optimal value, balancing premium-minimising lower floor placement against noise and view-related premiums commanded by higher storeys. Within condo developments, units facing quieter streetscapes or internal courtyards frequently underperform in pricing relative to outward-facing units despite offering equivalent floor areas, creating tactical purchasing opportunities. Lower floors may attract slight discounts due to street-level noise and privacy perceptions, yet these concerns are substantially mitigated for studio units where residents spend condensed time windows. Professional property inspectors can identify floor-specific characteristics affecting long-term utility and rental appeal; prioritise viewing multiple unit stacks rather than settling on a single floor number without comparative assessment.

What future supply pipeline developments might affect this property's appreciation potential in the Redhill district?

The Redhill–Tiong Bahru corridor has experienced limited new residential supply in recent years, suggesting the district maintains scarcity value characteristics supporting price appreciation. Government planning frameworks indicate this area is unlikely to be designated for large-scale new residential development, as the URA's broader strategic vision favors heritage preservation and waterfront regeneration in nearby zones. The upcoming Circle Line extension may further elevate transport options and district desirability, though this will likely increase prices across the board rather than creating supply-driven price compression. Long-term property value sustainability appears robust, with limited competitive supply pressure and strengthening transport infrastructure positioning The Crest favourably for sustained capital appreciation, particularly if the buyer maintains a medium- to long-term holding period.

The Crest Studio, $1.24M, 635 sqft, 10min Redhill MRT