Type

Units

Min Area

Price Range

2 BR

947 sqft

From S$1.9XM

4+ BR

635 sqft

From S$1.2XM

Property Highlights

2-bedroom, 2-bathroom unit at The Crest offering 947 sqft of residential space
Priced at S$1,900,000 with convenient 10-minute walk to Redhill MRT Station (EW18)
Mature landed estate location combining accessibility with established neighbourhood character
Strong holding potential for upgraders and investors seeking East-West Line connectivity
Excellent position for mid-market buyer seeking balance between price and location fundamentals

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Ref: 500120561

The Crest: A Well-Positioned 2-Bedroom Condo Near Redhill MRT

The Crest presents a compelling residential opportunity for buyers seeking a straightforward, well-located 2-bedroom condominium in a maturing district of Singapore. Located at 101 Prince Charles Crescent, this 947-square-foot property sits within an established neighbourhood that has developed considerably over the past decade, attracting both owner-occupiers and investors seeking exposure to the East Coast corridor.

At S$1,900,000, this unit positions itself in the accessible end of the mid-market segment, offering meaningful space without the premium valuations associated with prime central locations. The asking price translates to approximately S$2,007 per square foot—a metric that reflects both the property's functional appeal and the district's underlying economic fundamentals. For buyers contemplating a move into this phase of the market, understanding what this price point delivers in terms of location, amenities, and future appreciation potential becomes essential to informed decision-making.

Proximity to Redhill MRT: A Defining Advantage

The property's most tangible asset is its positioning just 800 metres—roughly a 10-minute walk—from Redhill MRT Station on the East-West Line. This proximity unlocks several practical advantages for commuting professionals and working households. The East-West Line remains one of Singapore's busiest arterial routes, connecting major employment nodes including the central business district, financial hub areas, and significant office parks throughout the island's central belt. For a buyer evaluating daily convenience, this accessibility substantially reduces commute friction for those working across multiple districts.

Beyond immediate commuting, proximity to an MRT station has consistently proven to underpin long-term capital retention and appreciation in Singapore's property market. Developments within walking distance of quality public transport nodes demonstrate greater resilience during economic cycles and attract a broader buyer base when the property eventually enters the resale market. For investors considering The Crest as part of a longer-term portfolio strategy, this MRT proximity forms a defensive characteristic that supports holding power through varying market conditions.

Space and Layout Considerations

At 947 square feet, the unit offers practical dimensions for couples, small families, or professional households seeking a two-bedroom configuration without excessive shared facilities overhead. This floor area sits comfortably within the modern expectation for suburban Singapore condominiums, providing sufficient separation between sleeping zones whilst maintaining efficient common areas. The inclusion of two full bathrooms—increasingly standard in contemporary developments—accommodates multiple residents without the daily compromise of bathroom sharing, a feature particularly valued by upgraders transitioning from older housing stock.

Buyers should evaluate how this floorplate aligns with their specific lifestyle requirements. The 947-sqft footprint suits households that prioritise functionality over sprawling entertaining space, making it particularly relevant for working professionals or owners who spend limited time conducting extensive social gatherings. For families with young children, the space typically accommodates comfortably, whilst those accustomed to significantly larger floor areas may find the proportions more modest than previous residences.

District Context and Neighbourhood Characteristics

The Crest's location within the Redhill planning area places it within one of Singapore's older, more established residential districts. This neighbourhood has gradually transformed over recent years, with selective upgrading of ageing stock and incremental infrastructure improvements contributing to its evolution. Unlike greenfield developments on the periphery, this area benefits from mature amenities including established hawker centres, neighbourhood shops, and community facilities that have served residents for decades. For buyers who value established, walkable neighbourhoods with visible character, this district offers a different appeal compared to newer, purpose-built township developments.

The surrounding area has also witnessed progressive improvements in dining and retail offerings, particularly along major thoroughfares. Whilst the neighbourhood retains a distinctly residential character rather than pursuing high-end commercial positioning, this stability often appeals to buyers seeking predictability and long-term community continuity. The area's evolution reflects steady, organic upgrading rather than speculative boom-and-bust cycles, a characteristic that typically supports sustained property values.

Investment and Ownership Considerations

For investors evaluating The Crest through a rental yield lens, the property's accessibility and functional appeal create reasonable potential for tenancy demand. The combination of MRT proximity, functional space, and established neighbourhood character appeals to working professionals seeking convenient rental accommodation without excessive premium. Rental yields in this district typically range in the 3–3.5% region when calculated against purchase price, reflecting the stable but modest rental growth trajectory characteristic of mature, well-served areas. Investors should conduct specific rental comps for comparable units to validate yield assumptions against current market conditions.

Owner-occupiers should evaluate whether the purchase represents genuine medium-term value within their broader housing trajectory. For upgraders moving from Housing Development Board flats or smaller private units, The Crest provides meaningful additional space and condominium amenities whilst occupying a more accessible price point than developments in central or near-central locations. First-time private residential buyers may find the property balanced between aspiration and financial prudence, though financing capacity and total cost of ownership warrant careful assessment.

Financing and Total Cost Considerations

At S$1,900,000, the property sits above the Housing Development Board loan ceiling, requiring entirely private financing through commercial banking channels. Buyers should anticipate loan-to-value ratios in the 75–80% region, depending on the lending bank and individual financial profiles, necessitating a cash injection of S$380,000 to S$475,000 for deposit and ancillary costs. Stamp duty, legal fees, and property tax implications warrant detailed review with a conveyancing specialist to establish the true total cost of ownership. Monthly mortgage servicing should comfortably sit within the buyer's debt servicing ratio thresholds, typically 60% of gross household income for private residential properties, leaving meaningful income margin for living expenses and investment flexibility.

Forward-Looking Market Dynamics

The property's longer-term appreciation potential ties substantially to district-level infrastructure development and broader East Coast economic evolution. Whilst no imminent large-scale redevelopment appears positioned to fundamentally alter the area's character in the near term, incremental improvements to public amenities and potential further upgrading of transport interchange capabilities could support gradual value accretion. Buyers should monitor government land use announcements and transport authority initiatives, as these often precede material neighbourhood transformations.

For investors seeking exposure to stable, established residential stock rather than speculative new launches, The Crest offers substantive credentials. The combination of established MRT connectivity, functional space, and accessible pricing creates a property profile that appeals across multiple buyer demographics, potentially supporting liquidity in the resale market when ownership circumstances change.

Frequently Asked Questions

What rental yield might an investor expect from this property?

Based on the S$1,900,000 purchase price and typical rental demand for 2-bedroom units in established East Coast districts, gross rental yields are likely to range between 3.0% and 3.5% per annum. This calculation assumes monthly rents in the S$4,750–6,000 region, which aligns with market evidence for comparable functional units 800 metres from MRT stations. Investors should conduct specific comparative rental analysis within this micro-catchment, as tenant demand for family-sized units in established neighbourhoods remains relatively steady. The modest yield profile reflects the property's location in a mature area with limited new supply, meaning stable but not exceptional rental growth expectations.

How does the S$2,007 per square foot price compare to recent transactions in this district?

The implied price-per-square-foot of approximately S$2,007 sits within the prevailing range for 2-bedroom resale condominiums in the Redhill precinct, typically spanning S$1,900–S$2,100 depending on age, condition, and proximity to transport. Recent transactions in comparable developments have established a price floor around S$1,800 psf for older stock and a ceiling near S$2,150 psf for recently upgraded units or those with enhanced amenity provision. This property's positioning suggests a fair valuation aligned with district fundamentals, avoiding both heavy discounting that might signal underlying issues and premium positioning that might invite negotiation pressure. For buyers seeking evidence of fair pricing, comparing this metric against recent resale activity in adjacent estates provides meaningful calibration.

What Additional Buyer's Stamp Duty implications apply to second-property purchasers at this price point?

For buyers acquiring The Crest as a second residential property, ABSD liability commences at 5% of the purchase price, amounting to approximately S$95,000 on the S$1,900,000 valuation, with this tax applicable to the entire transaction value. For third-time or subsequent property acquisitions, the rate rises to 10%, resulting in S$190,000 in additional duty paid to the state. These obligations sit outside the conventional stamp duty levied on purchase transactions and represent a material additional cost that materially affects the total investment outlay. Buyers should factor ABSD implications into financing structures and overall capital allocation, as this expense cannot be recovered against the property's eventual sale. Tax advisors often structure the holding entity strategically to manage ABSD exposure, particularly for investors acquiring multiple residential assets.

What lease decay considerations or resale impact should a leasehold buyer anticipate?

If The Crest operates under leasehold tenure—the predominant structure for Singapore condominiums—the remaining lease length critically affects medium-to-long-term resale value and financing capacity. Properties with leasehold periods below 60 years experience increasing difficulty securing institutional financing, whilst those below 50 years typically face substantial valuation haircuts as buyer pools shrink to investor and cash-buyer demographics. The property's suitability as a 30-year holding asset depends materially on the lease commencement date; a unit completed in 2000 with a 99-year lease would face meaningful decay by 2060, whilst conversely a more recent completion would retain fuller lease periods for decades. Prospective buyers must obtain the Certificate of Title immediately to establish the precise lease tenure, remaining duration, and anticipated lease extension mechanics should renewal become necessary within the ownership horizon. Failure to examine lease decay comprehensively represents a critical oversight in long-term financial planning for leasehold properties.

How does Redhill MRT Station's location affect long-term capital appreciation and resale demand?

The East-West Line represents Singapore's primary arterial transport corridor connecting the East Coast through the central business district to major western employment precincts, making Redhill Station a consistently relevant commuting hub across multiple economic cycles. Properties within 800 metres of this station benefit from fundamental demand that transcends individual neighbourhood cycles, as professionals with employment across the entire East-West axis prioritise transport accessibility. Historical data demonstrates that MRT-proximate properties in mature districts maintain superior price retention during downturns, typically declining 5–8% in severe corrections compared to 12–15% observed in car-dependent or isolated locations. For long-term holders, this transport proximity acts as a defensive characteristic stabilising the asset base. Additionally, as Singapore's population evolves and car ownership becomes increasingly costly through progressively tightened Certificate of Entitlement policies, public transport accessibility compounds in relative value, likely supporting stronger appreciation trajectories than older-era assumptions when private vehicle use dominated residential location preferences.

Is The Crest equally suitable for first-time private property buyers, upgraders, and investors?

First-time private residential buyers often find this property profile compelling because S$1,900,000 sits substantially below central location premiums whilst offering genuine condominium amenities and functional space that Housing Development Board units cannot replicate. However, first-timers must carefully verify financing capacity and total monthly servicing costs to ensure the investment does not constrain other life priorities. Upgraders—particularly those transitioning from Housing Development Board flats—typically find The Crest highly aligned with their objectives, delivering meaningful space and amenity improvements without the psychological premium of ultra-prime addresses. For this buyer cohort, the property represents achievable aspiration with practical value delivery. Investors view this profile favourably as a core holding asset generating modest but steady yields from a population base with reliable rental demand characteristics; however, the 3–3.5% gross yield profile suits investors pursuing income stability rather than speculative appreciation. The property thus appeals across multiple buyer personas, each finding different primary value propositions within the same asset profile.

What TDSR and mortgage servicing headroom might be available at this S$1,900,000 price point?

Assuming a 75% loan-to-value conventional mortgage on S$1,900,000 yields a S$1,425,000 loan amount, at current interest rates approximating 3.5%, monthly servicing costs approximate S$6,400. For a couple earning combined gross income of S$15,000 monthly, total debt servicing ratio headroom (typically capped at 60% for private residential properties) would support approximately S$9,000 in total monthly debt obligations, leaving S$2,600 available margin after mortgage servicing. This configuration permits moderate additional debt capacity through consumer loans or credit facilities, maintaining reasonable financial flexibility. Buyers earning below S$12,000 combined monthly income may experience TDSR constraint at this purchase price, warranting either larger deposit positions or consideration of less expensive properties. Conveyancing specialists routinely advise buyers to obtain in-principle mortgage approval before committing to purchase, establishing exact servicing capacity against individual financial circumstances rather than generalised calculations.

Which competing developments in the immediate vicinity offer alternative value propositions?

Within 1–2 kilometres of The Crest, several older-generation condominiums including properties in established estates offer similar 2-bedroom configurations at broadly comparable price points. These developments typically share similar MRT accessibility, established amenity profiles, and appealing to overlapping buyer demographics. Some competing developments may offer marginally more extensive common facilities or fractionally lower price-per-square-foot metrics, though often reflecting older completion dates and correspondingly higher maintenance considerations. Buyers should conduct side-by-side comparisons of monthly management fees, reserve fund contributions, and recent major works expenditures, as these ongoing costs can meaningfully differentiate total cost of ownership across seemingly similar properties. Newer developments in peripheral locations might offer superior space-to-price ratios but sacrifice the transport proximity that justifies The Crest's positioning. Conversely, newer urban redevelopment sites command substantial premiums reflecting contemporary design and amenity standards. The Crest occupies a balanced positioning within this competitive landscape—neither the cheapest comparable option nor commanding premium pricing, but offering defensible value within its specific market segment.

Which unit stacks or floor levels offer superior value retention and suitability?

Lower-floor units (levels 3–8) typically command modest discounts versus mid-to-upper levels in condominiums, particularly if surrounded by immediate external walls or foliage, though these units often attract first-time buyers and smaller households less sensitive to light exposure and external vistas. Mid-stack positions (levels 9–15 in typical condominium configurations) represent the optimal balance between premium positioning and pricing accessibility, offering superior natural light and external views without the marginal cost premium associated with penthouse levels. Upper-floor placements (levels 16 and above, if the building reaches such heights) command premium valuations reflecting superior privacy, light exposure, and views, though these premiums often compress during property downturns when buyer pools shrink to affluent demographics. For value-conscious buyers, mid-stack positions typically offer superior risk-adjusted returns, balancing future appreciation potential against purchase outlay. Units positioned away from lift lobbies and with external vistas command subtle but measurable premiums in the resale market, often recovering buyer premiums within 2–3 years of holding periods. Investors focused on rental yield often find lower-floor positions attractive due to marginal purchase savings, whilst owner-occupiers typically exhibit stronger preference for mid-to-upper placements justifying modest additional expenditure.

What future supply pipeline or development activity might impact this district's medium-term trajectory?

The Redhill planning area has largely matured in terms of residential development intensity, with most available sites either occupied by existing housing stock or allocated to commercial/mixed-use purposes supporting the broader district's economic function. Government land use indicators and Urban Redevelopment Authority plans do not suggest imminent large-scale residential redevelopment within immediate proximity of The Crest, suggesting the district's character will remain defined by existing housing stock for the medium term. However, longer-term strategic plans may eventually contemplate selective rejuvenation or residential intensification, particularly around the MRT node, potentially creating opportunity value for forward-thinking investors. The district's established status provides stability against the speculative volatility associated with greenfield developments, though this equally constrains explosive appreciation potential. Buyers should monitor the Government's periodic land use reviews and the Urban Redevelopment Authority's masterplan updates, as these documents signal anticipated development trajectories. The absence of imminent new supply represents a stabilising characteristic for existing stock valuations, as limited new residential completions reduce competitive pressure on resale prices and maintain consistent demand from rental and ownership markets drawing from Singapore's limited geographic footprint and continuing population inflows.

The Crest 2BR Condo $1.9M Near Redhill MRT | PropSG