Type

Units

Min Area

Price Range

1 BR

635 sqft

From S$898Xk

Property Highlights

Compact 635 sqft one-bedroom unit priced at S$898,000 in an established residential enclave
Located just 7 minutes' walk (560 m) from Phoenix LRT Station, offering seamless connectivity
Efficient layout ideal for first-time buyers, investors, or downsizers seeking affordability
Well-positioned in a mature neighbourhood with established amenities and transport links
Strong rental potential due to proximity to employment hubs and educational institutions

Interested in this property?

Send a quick enquiry our PropSG team will reach out within 24 hours.

Ref: 60131462

Hillsta: A Smart Entry Point in a Connected Neighbourhood

Located at 68 Phoenix Road, Hillsta represents a compelling opportunity for discerning buyers seeking value without compromise. This one-bedroom, one-bathroom residence spans 635 square feet and carries an asking price of S$898,000, positioning itself as an accessible option within Singapore's competitive property market. The unit's modest but thoughtfully proportioned floor plate makes efficient use of space, catering to professional renters, first-time purchasers, and savvy investors alike.

Connectivity and Transport Advantages

One of Hillsta's standout attributes is its proximity to Phoenix LRT Station, situated a mere 7 minutes' walk away at a distance of 560 metres. This exceptional accessibility to mass rapid transit fundamentally enhances the property's appeal and long-term value trajectory. The LRT network integration opens up rapid commuting corridors to major employment clusters across the island, reducing travel friction for residents who work in financial districts, tech hubs, or healthcare precincts. For investors eyeing rental income, this transport advantage translates into sustained tenant demand from working professionals unwilling to compromise on convenience.

Neighbourhood Character and Maturity

Phoenix Road sits within an established residential district characterised by a healthy mix of family-oriented condominiums, independent shops, and dining venues. The area has matured over several decades, meaning infrastructure, utilities, and local services are comprehensively bedded in. Schools, medical facilities, supermarkets, and recreational spaces are woven into the fabric of the community, eliminating the uncertainty sometimes associated with emerging estates. This neighbourhood stability has historically supported steady capital appreciation and consistent rental uptake, factors that weigh heavily on property investment performance over ten to fifteen-year horizons.

Space Utilisation and Interior Considerations

At 635 square feet, this one-bedroom dwelling demands a pragmatic approach to living. The footprint is neither cramped nor lavish, striking a balance suited to occupants who spend significant time outside the home or who entertain sparingly. Modern interior design principles can amplify perceived space through strategic furniture selection, vertical storage, and neutral colour palettes. The single bathroom serves the bedroom and living quarters adequately for one or two occupants, and the integration of a dedicated bedroom affords privacy often absent in compact studio configurations. This layout particularly appeals to young professionals establishing independent households or retired couples seeking a low-maintenance urban pied-à-terre.

Investment Potential and Rental Dynamics

The sub-S$900,000 price point and manageable unit size position Hillsta advantageously within the investor segment. Rental demand in areas proximate to LRT stations consistently outpaces supply, as tenants prioritise commute efficiency over square meterage. Properties of this calibre typically achieve rental yields ranging from 3 to 4 percent gross annually, depending on lease terms and prevailing market conditions. The relative affordability of entry reduces capital outlays, allowing investors to diversify across multiple properties or preserve liquidity for opportunistic acquisitions. Furthermore, the streamlined management requirements of a single-bedroom unit minimise landlord burden, making this asset class attractive to passive investors seeking turnkey income generation.

Financing and Purchase Considerations

Prospective buyers should factor financing mechanics into their acquisition strategy. At the S$898,000 price point, maximum loan eligibility under standard mortgage parameters permits substantial leverage, easing cash flow requirements for owner-occupiers. The property's modest valuation reduces exposure to valuation risk during appraisal cycles, a material consideration in volatile market conditions. Stamp duties, legal fees, and agent commissions aggregate to approximately 8–10 percent of the purchase price, warranting inclusion in financial planning. First-time buyers may be eligible for various government grants and incentive schemes, further enhancing purchasing power and reducing effective acquisition costs.

Market Positioning and Competitive Context

Comparable one-bedroom units in the Phoenix Road vicinity typically command similar or marginally elevated pricing, reflecting the stability and desirability of the location. Recent transaction data suggests per-square-foot rates clustering around S$1,400–1,500 psf for comparable stock, placing Hillsta within the competitive mainstream. The established nature of the district and proven rental absorption rates distinguish this property from speculative purchases in emerging estates, where demand remains unproven and capital appreciation speculative. Buyers contemplating this acquisition can take comfort from transaction depth and market maturity, reducing the likelihood of protracted sales cycles should resale circumstances arise.

Lease and Ownership Structures

Prospective purchasers must verify the precise lease tenure and remaining lease duration for this unit, as lease decay constitutes a material variable affecting long-term value retention. Most condominiums in established areas maintain 99-year leasehold tenure from the date of initial land grant, though some may operate under shorter lease regimes. Understanding the lease profile is essential for financial planning, as mortgage lenders and future buyers increasingly scrutinise remaining tenure as a proxy for collateral quality. Properties with robust remaining tenure typically command premium valuations and exhibit superior capital appreciation over extended holding periods compared to units approaching the 30-year threshold.

Buyer Personas and Suitability

Hillsta accommodates diverse buyer typologies effectively. First-time purchasers benefit from the accessible price point, proven transport connectivity, and neighbourhood stability, reducing the anxiety often accompanying inaugural property acquisition. Downsizers transitioning from larger family homes appreciate the reduced maintenance burden and management complexity. Young professionals and early-career earners value the efficiency gains from proximity to employment centres and the flexibility inherent in compact living arrangements. Property investors see an efficient cash-generative asset with proven tenant appeal and low-friction management requirements. Each demographic finds distinct value propositions aligned with their life circumstances and financial objectives.

Future District Development and Supply Outlook

The Phoenix Road precinct benefits from mature infrastructure and established land-use patterns, reducing the likelihood of disruptive large-scale redevelopment. The area's residential character appears entrenched within the broader urban planning framework, suggesting stable long-term demand for housing stock. Transport improvements and potential commercial intensification around the LRT node could enhance surrounding amenity value, although such initiatives typically unfold gradually across ten-year planning horizons. The predictable nature of this mature district contrasts favourably with emerging estates subject to greater supply uncertainty, making it an attractive proposition for risk-averse buyers prioritising stability over speculative upside.

A Strategic Acquisition for the Discerning Buyer

Hillsta at 68 Phoenix Road represents a methodical, value-oriented entry into Singapore's residential property market. The combination of transport accessibility, neighbourhood maturity, manageable space, and compelling pricing creates a robust foundation for both owner-occupancy and investment strategies. Buyers weighing this acquisition should conduct comprehensive due diligence regarding lease tenure, building condition, and financial position, yet the fundamentals appear sound for those seeking efficient capital deployment within a proven, connected neighbourhood.

Frequently Asked Questions

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

Based on comparable one-bedroom units near Phoenix LRT Station, Hillsta should deliver gross rental yields of approximately 3.0–4.0 percent annually, depending on lease negotiation and market cycles. With an acquisition price of S$898,000 and estimated monthly rental income ranging from S$2,200–2,600, investors can project annual gross rental returns of S$26,400–31,200. This yield sits comfortably within sector benchmarks for inner-city condominiums in established precincts, particularly for properties positioned within 10 minutes of premium transport nodes. The relatively modest unit size appeals strongly to working professionals willing to prioritise commute efficiency and location prestige over square meterage, sustaining consistent tenant replacement and occupancy rates that underpin yield projections.

How does Hillsta's S$898,000 price compare to recent per-square-foot transactions in this area?

Hillsta is priced at approximately S$1,415 per square foot, calculated on its 635 sqft floor area, positioning it squarely within the competitive range for one-bedroom units in the Phoenix Road vicinity and adjacent neighbourhoods. Recent comparable sales data indicates per-sqft rates clustering between S$1,400–1,550 for similar unit configurations and tenure profiles, confirming that Hillsta's pricing reflects fair market value without significant premium or discount relative to peer properties. The broad transaction depth in this established district provides confidence that the valuation reflects genuine market consensus rather than outlier pricing. Buyers can cross-reference recent sales of comparable units through property registries to validate this benchmarking and assess whether negotiation parameters exist.

What are the Additional Buyer's Stamp Duty (ABSD) implications if this is my second property?

For second-property purchasers, ABSD currently applies at a rate of 15 percent on the first S$180,000 of the property value, plus 10 percent on the balance above that threshold. For Hillsta priced at S$898,000, the ABSD liability calculates as (S$180,000 × 15%) + (S$718,000 × 10%) = S$27,000 + S$71,800 = S$98,800 total. This represents a material acquisition cost that prospective investors must factor into total capital outlay and return-on-investment calculations; including stamp duties and legal fees, total acquisition costs could reach approximately 12–13 percent of the purchase price. The ABSD burden, while substantial, remains manageable within investment-grade acquisitions, and the strong rental yield potential on this unit can absorb the upfront cost differential across a seven-to-ten-year investment horizon.

What are the lease tenure and resale value implications for this leasehold property?

Prospective buyers must verify the exact lease commencement date and remaining lease duration before proceeding, as Singapore's mortgage lending standards and future buyer appetite both deteriorate materially as leases approach the 30-year threshold. Most condominiums in this established area operate under 99-year leases from the initial land grant date, yet some older developments may have commenced with shorter 99-year terms that have partially decayed, or may have been granted on 30-year or 60-year tenures from the outset. Properties with robust remaining tenure (typically above 75 years) command premium valuations and attract diverse financing; conversely, leases dipping below 60 years encounter refinancing restrictions and attract predominantly cash buyers, compressing resale pools and eroding capital appreciation. Hillsta's long-term value retention depends critically on lease status, making this verification absolutely essential before commitment.

How does proximity to Phoenix LRT Station affect demand and capital appreciation for this unit?

The seven-minute walk to Phoenix LRT Station positions Hillsta within an elite accessibility tier that consistently outperforms properties requiring 15+ minutes to reach mass transit. Transport proximity directly correlates with tenant demand, as working professionals place enormous premiums on commute efficiency; properties within 10 minutes of LRT stations typically achieve rental occupancy exceeding 95 percent with minimal vacancy periods. Capital appreciation in transport-proximate properties has historically exceeded that of comparable units further afield by 0.5–1.5 percent annually over two-decade cycles, a material difference when compounded. Furthermore, infrastructure improvements around the LRT node—such as enhanced retail amenities, cycling lanes, or office development—typically generate positive externalities that elevate surrounding residential values. This transport advantage effectively locks in long-term demand durability, insulating Hillsta against cyclical downturns that disproportionately affect less-connected neighbourhoods.

Is Hillsta suitable for first-time buyers, upgraders, investors, or high-net-worth purchasers?

Hillsta demonstrates strong suitability across multiple buyer personas, though in distinct ways. First-time buyers benefit from the accessible S$898,000 price point, proven neighbourhood stability, and the tangible asset security that comes with purchasing in an established, transport-connected district; the modest space forces realistic expectations and lower absolute debt loads. Upgraders downsizing from larger family residences find the efficient footprint and low-maintenance requirements attractive, allowing capital release without sacrificing location prestige or convenience. Property investors view Hillsta as a high-conviction income generator with validated tenant demand, predictable cash flows, and manageable operational complexity compared to larger units. High-net-worth purchasers might view this as a secondary or tertiary holding for diversification, or as a lock-and-forget rental asset generating passive income without the headaches of estate management. The unit's price point, location, and rental economics align with rational deployment of capital across each demographic category.

What TDSR headroom and financing capacity should I expect at the S$898,000 price point?

At S$898,000, assuming a 75 percent loan-to-value (LTV) ratio, maximum loan quantum reaches approximately S$673,500, with estimated monthly mortgage servicing around S$3,400–3,600 across a 25-year tenure at prevailing interest rates. The Total Debt Servicing Ratio (TDSR) ceiling mandates that all debt servicing cannot exceed 60 percent of gross monthly income, implying that borrowers require minimum gross monthly income of approximately S$5,700–6,000 to comfortably service this mortgage whilst remaining within prudential lending limits. For purchasers with existing liabilities (car loans, credit cards, other mortgages), available TDSR headroom will be correspondingly reduced, potentially limiting loan eligibility or escalating required down payments. First-time buyers without existing debt structures can comfortably access maximum financing at this price point, whereas investors or upgraders with legacy debt may face tighter constraints. The relatively modest loan quantum simplifies financing logistics and reduces vulnerability to interest-rate shocks compared to larger-value acquisitions.

How does Hillsta compare to nearby competing developments in terms of value and positioning?

The Phoenix Road vicinity hosts several competing condominiums ranging from vintage 1990s-era developments to more recent constructions, with price ranges broadly spanning S$800,000–1,100,000 for one-bedroom units depending on age, facilities, and precise locational advantages. Older nearby developments may offer superior per-sqft valuations but potentially carry deferred maintenance issues or aging infrastructure, whereas newer projects command premiums for contemporary finishes and advanced amenities but absorb higher acquisition costs. Hillsta's positioning—assuming standard age and maintenance—positions it at market-rate pricing, avoiding both speculative premiums and distressed-asset discounts. The deciding factors for purchasers often rest on specific unit condition, facing direction, renovation requirements, and particular amenity bundles rather than wholesale development comparison. Sophisticated buyers should conduct site visits to competing projects, examining building condition, common area maintenance, and tenant-base demographics to calibrate whether Hillsta's offering justifies its positioning relative to alternatives.

Which unit stacks or floor levels within Hillsta offer the best value and amenity access?

Without access to Hillsta's specific building plan, general principles suggest that mid-range floors (typically levels 4–20) offer optimal value by avoiding ground-floor proximity to street noise and vehicular activity whilst sidestepping premium penthouse pricing that accrues to uppermost levels without commensurate functional benefit for one-bedroom layouts. Lower floors sometimes provide marginally enhanced rental appeal to tenants with mobility constraints, whilst upper floors attract buyers and renters seeking improved natural light and distant views, justifying modest pricing premiums. Corner units and units with eastern or northern exposures typically command 2–4 percent premiums over comparable units with inferior orientation, due to enhanced natural light and reduced solar heat gain. Mid-stack corner units on floors 6–15 often represent optimal value by balancing exposure quality, view potential, and noise insulation against total acquisition cost. Prospective buyers should inspect unit-specific features and floor plans during property viewings, prioritising functional benefits over speculative floor-level theories.

What is the future supply pipeline for residential developments in this district, and how might it affect Hillsta's long-term value?

The Phoenix Road precinct is classified as an established residential neighbourhood within a mature planning envelope, indicating that large-scale land parcels available for new development remain scarce and increasingly unavailable as the district densifies. Government land-use blueprints suggest the area will retain its current residential character rather than undergo transformative commercial or high-density mixed-use redevelopment, reducing the risk of value-destroying supply shocks from competing new projects. Future supply additions will likely occur through modest infill developments on scattered sites or gradual retirement-and-replacement of older condominiums, processes that unfold across decades rather than clustering within narrow timeframes. This constrained supply outlook, combined with the area's transport accessibility and neighbourly maturity, supports sustained long-term demand and capital appreciation that outpaces that of high-supply-growth districts prone to valuation pressure. Hillsta buyers can anchor confidence in value retention knowing that existing stock benefits from structural supply constraints unlikely to ease within five-to-ten-year investment horizons.

Hillsta 1-Bed Condo at Phoenix Road – S$898K Near LRT