Type

Units

Min Area

Price Range

5 BR

5242 sqft

S$9.8M – S$10M

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$9.8M to S$10M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$2M on this acquisition.
Located 3 min (230 m) from TE19 Shenton Way MRT Station.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

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

One Shenton: Prestige Living in Singapore's Premier Business District

One Shenton stands as a landmark residential development positioned at the epicentre of Singapore's Central Business District, offering discerning buyers an unparalleled combination of location prestige, architectural excellence, and metropolitan convenience. Situated at 1 Shenton Way, this development commands one of the city's most sought-after addresses, where commercial prominence seamlessly merges with sophisticated residential living.

The project's proximity to Shenton Way MRT Station—merely three minutes away on foot—provides seamless connectivity across Singapore's transport network. This exceptional transit accessibility eliminates the typical trade-off between CBD living and commuting burden, enabling residents to reach virtually any part of the island within 30 minutes. For professionals working in the financial, legal, and corporate sectors concentrated along Shenton Way, the convenience of stepping from home into the business district represents a transformative quality-of-life advantage.

Development Characteristics and Unit Specifications

One Shenton comprises generously proportioned residential units designed for buyers accustomed to substantial living spaces. Individual units feature configurations spanning multiple bedrooms and bathrooms, with interior dimensions reaching 5,242 square feet and beyond. This scale of accommodation reflects the development's positioning at the ultra-luxury segment, where spatial generosity complements the prestige of the address itself.

The development caters primarily to high-net-worth individuals and established property investors who view real estate in the CBD as both a residential anchor and a long-term capital asset. The architectural approach emphasises clean modernist lines, premium material finishes, and intelligent floor planning that maximises natural light and ventilation despite the urban setting.

Location Dynamics and Market Positioning

The Shenton Way precinct has historically demonstrated resilience and capital appreciation far outpacing broader market trends. This resilience stems from the concentration of multinational corporations, financial institutions, and professional services firms whose senior executives and expatriate staff drive consistent demand for quality residential accommodation near their workplaces. One Shenton's positioning capitalises directly on this demand profile.

Beyond the immediate office towers and corporate headquarters, the development benefits from proximity to established dining, retail, and lifestyle amenities that serve the CBD's working population. Heritage conservation areas within walking distance add cultural and aesthetic character to the neighbourhood, whilst maintaining the urban sophistication that appeals to One Shenton's target demographic.

Investment Considerations and Market Fundamentals

For owner-occupiers seeking a primary residence, One Shenton delivers unmatched convenience for career-focused professionals. The elimination of commuting time translates into genuine lifestyle benefits, whilst the development's address carries professional prestige that many high-achieving buyers value in a primary home.

For investors assessing the property as a rental or capital appreciation vehicle, several structural advantages merit consideration. The limited new supply entering the CBD residential market—constrained by land scarcity and strict planning controls—supports long-term value retention. The concentration of multinational corporations and expatriate populations provides a natural tenant base seeking premium furnished accommodation near their workplace. Market rents for comparable ultra-luxury CBD units have demonstrated sustained growth in line with salary inflation among the financial services sector.

Prospective buyers who are Singapore Citizens acquiring a second residential property should factor Additional Buyer's Stamp Duty of 20% into their acquisition cost, which adds material expense atop the purchase price and professional fees. This consideration becomes particularly relevant when comparing One Shenton to freehold or 999-year leasehold alternatives in suburban locations.

Lease Tenure and Long-Term Ownership Dynamics

Understanding the lease structure underlying One Shenton's units remains essential for investment decision-making. Condominium properties in the CBD typically carry either 99-year or 999-year lease terms from inception. The choice between these tenures carries meaningful implications for long-term resale value, financing availability, and ultimate ownership permanence. Properties with 999-year leases provide substantially greater peace of mind for multi-generational wealth preservation and attract a broader pool of future purchasers.

Conversely, properties with 99-year remaining leases will eventually face the question of lease renewal or loss of value as the lease term declines toward single-digit decades. Singapore's leasehold system offers established renewal mechanisms, but the process involves uncertainty and potential cost. Buyers prioritising absolute asset permanence should weight this consideration heavily when evaluating One Shenton units against alternative investments.

Financing and Ownership Economics

The price point of One Shenton units places them squarely in the realm of cash-plus-financing transactions, where buyers typically provide substantial equity and finance the remainder through premium banking facilities. Singapore's Total Debt Service Ratio regulations limit borrowing to 60% of gross monthly income for owner-occupied properties, meaning a buyer purchasing a One Shenton unit priced at S$10 million would typically require household income exceeding S$500,000 annually to qualify for a 60% mortgage facility.

This reality underscores that One Shenton attracts buyers with demonstrated financial substance and established wealth rather than first-time purchasers or upgraders with moderate income profiles. The development's appeal lies not merely in the property itself but in the affirmation of financial achievement and status that owning an address on Shenton Way represents to the city's most accomplished residents and visiting global executives.

Market Comparison and Competitive Positioning

Within Singapore's ultra-luxury residential market, One Shenton occupies a uniquely desirable position that commands premium valuations relative to comparable developments outside the CBD. Properties of equivalent size and specification located in suburban affluent districts such as Bukit Timah or The Pinnacle@Duxton command lower per-square-foot pricing, yet One Shenton's location premium reflects genuine convenience and prestige benefits rather than mere marketing positioning.

The scarcity of competing CBD residential options—particularly at the ultra-luxury scale—insulates One Shenton from downward pricing pressures that might emerge in oversupplied suburban markets. This supply-demand imbalance supports resilience and appreciation even during market cycles when suburban luxury property values stagnate.

Future District Evolution and Long-Term Value Dynamics

The Central Business District continues to evolve toward mixed-use urbanism, with heritage conservation, cultural amenities, and dining precincts complementing traditional office functions. This diversification enhances the residential appeal of developments like One Shenton by transforming the CBD from a purely utilitarian work district into a genuine 24-hour neighbourhood with weekend appeal beyond professional networking.

The scarcity of redevelopable land in the CBD, combined with Singapore's controlled urban growth policies, virtually guarantees that One Shenton will retain its position as an exceptionally scarce residential offering. New supply into the CBD market will likely remain minimal for the foreseeable future, supporting long-term value appreciation as Singapore's economy expands and affluent individuals increasingly seek proximity to their professional base.

One Shenton ultimately represents far more than a residential transaction—it embodies ownership of a position within Singapore's most prestigious commercial and residential address, backed by inherent scarcity, location permanence, and demographic demand that transcends typical market cycles.

Frequently Asked Questions

What rental yield should investors expect when purchasing a unit at One Shenton as an investment property?

One Shenton's CBD location attracts tenant demand from expatriate professionals and multinational corporate employees seeking premium furnished accommodation near their workplace. Market rents for ultra-luxury CBD units of comparable specification typically range from S$12,000 to S$18,000 monthly depending on unit size and furnish level, translating to gross rental yields of approximately 1.4% to 2.1% per annum on purchase prices ranging from S$10 million upward. Whilst these percentage yields may appear modest relative to suburban investments, CBD property investors typically prioritise capital appreciation and tenant quality over cash-on-cash rental return, as the scarcity of supply and multinational corporate demand support sustained rental growth and capital values. Professional property management and the stable tenant base of multinational corporations reduce vacancy risk and credit risk compared to owner-occupancy models in suburban locations.

How do One Shenton's per-square-foot valuations compare to recent market transactions in the CBD vicinity?

One Shenton's pricing reflects CBD location premiums significantly above suburban luxury properties of equivalent specification. Ultra-luxury CBD units typically transact at S$1,900 to S$2,400 per square foot, whereas comparable properties in affluent suburban districts such as Bukit Timah or Holland Road trade at S$1,400 to S$1,800 per square foot. This CBD premium exists despite identical construction quality and finish standards because proximity to Shenton Way MRT station, the concentration of multinational offices, and the address prestige itself command measurable market value. Recent comparable transactions in the CBD precinct demonstrate stable or appreciating per-square-foot pricing over five-year periods, contrasting with flatter or declining trends observed in suburban luxury markets during equivalent timeframes. The limited supply of new CBD residential units entering the market ensures persistent pricing discipline and supports the maintenance of this location premium.

What Additional Buyer's Stamp Duty liability applies to second-property purchases at One Shenton?

Singapore Citizens acquiring One Shenton units as a second or subsequent residential property face Additional Buyer's Stamp Duty of 20% on the purchase price payable alongside standard transaction costs and professional fees. For a One Shenton unit valued at S$10 million, the ABSD liability totals S$2 million before stamp duty and legal costs—a material expense that materially increases the true cost of acquisition. This ABSD consideration becomes particularly acute for buyers comparing One Shenton to alternative freehold or 999-year leasehold properties in other districts, as the stamp duty burden adds effectively 20% to the acquisition cost before financing commences. However, for owner-occupiers displacing a previous principal residence sale, the ABSD may not apply if the prior property sale concludes within acceptable timing windows—buyers should seek professional tax advice specific to their circumstances. The ABSD regime effectively prioritises first-time purchasers and owner-occupiers whilst discouraging investment property purchases, thereby supporting stability in the owner-occupancy market that One Shenton serves.

What lease tenure risks affect One Shenton's long-term value and resale potential?

The lease structure underlying One Shenton units—whether 99-year or 999-year from inception—carries significant implications for long-term wealth preservation and future resale marketability. Units with 99-year remaining leases will eventually experience value decline as the lease term approaches expiry, as Singapore banking regulations progressively restrict mortgage availability on properties with fewer than 60 years remaining on the lease, and buyer demand naturally contracts as lease expiry looms within future generations' planning horizons. Conversely, 999-year leases provide effective perpetual ownership that appeals to buyers prioritising asset permanence and intergenerational wealth transfer. The tenure question becomes particularly material for investors planning 20+ year holds, as the choice between 99-year and 999-year leases determines whether resale to future buyers remains frictionless or faces headwinds from declining lease availability. Singapore's established lease renewal framework offers legal pathways for renewal, but the process introduces timing uncertainty and potential costs that reduce the appeal relative to freehold or 999-year alternatives. Buyers should clarify the specific lease tenure underlying their intended unit and factor this distinction into long-term holding and succession planning.

How does proximity to Shenton Way MRT station influence property demand and capital appreciation at One Shenton?

Shenton Way MRT station's positioning at the nexus of Singapore's principal business district creates exceptional transit connectivity that directly translates into sustained residential demand and capital appreciation for One Shenton. The station serves multiple MRT lines and connects seamlessly to regional express services, enabling residents to reach most Singapore destinations within 30 minutes regardless of destination neighbourhood. This transit advantage eliminates the traditional compromise between CBD living and geographic isolation, materially enhancing the property's appeal to working professionals who value time over commodity purchasing power. Historical pricing data demonstrates that residential properties within 300 metres of major MRT stations—particularly in scarce CBD locations—appreciate 3% to 5% faster than comparable properties 800 metres or further from rail transit, as future generations of transit-dependent professionals increasingly prioritise walkable MRT proximity. The permanence of MRT infrastructure provides confidence that this location advantage will endure and strengthen as Singapore's population grows and congestion increases on road networks, thereby supporting sustained appreciation in One Shenton's value relative to less conveniently positioned properties.

Which buyer profiles does One Shenton suit—first-timers, upgraders, investors, or high-net-worth individuals?

One Shenton's price point, size, and location prestige position it squarely as a destination for high-net-worth owner-occupiers and established property investors rather than first-time purchasers or upgraders with moderate housing equity. First-time buyers would find the acquisition cost, ABSD liability, and financing requirements prohibitively complex and expensive relative to their financial profile. Traditional upgraders trading up from suburban family homes likewise discover that One Shenton's per-square-foot pricing and absolute purchase price create unfavourable value equations compared to the same capital invested in larger suburban properties. Conversely, high-net-worth owner-occupiers—particularly senior professionals employed in CBD financial and corporate roles—discover that One Shenton's convenience, address prestige, and lifestyle quality justify the premium pricing through genuine time savings and professional status alignment. Investment-focused buyers with substantial capital reserves and rental income aspirations also constitute a natural market, as the corporate tenant base, rental demand from expatriates, and scarcity of supply create a defensible long-term rental and appreciation profile. The development ultimately serves the most financially accomplished segment of Singapore's property market, where lifestyle integration and asset preservation take priority over leverage and entry-level affordability.

What Total Debt Service Ratio headroom and financing capacity exist at One Shenton's price points?

Singapore's Total Debt Service Ratio regulations limit residential mortgage lending to 60% of gross monthly income for owner-occupied properties, creating a meaningful constraint on financing capacity for One Shenton units priced at S$10 million and above. A buyer seeking to finance 60% of a S$10 million purchase would require monthly household income of approximately S$41,600, equivalent to annual household income of S$500,000, before additional debt service obligations on existing mortgages or personal loans further compress TDSR headroom. This reality underscores that One Shenton transactions typically involve substantial equity deployment by buyers who have already accumulated significant wealth independent of mortgage financing, rather than leveraged purchases by buyers reliant on maximum mortgage capacity. The TDSR constraint does not materially disadvantage One Shenton buyers, as the target market segments—high-net-worth professionals and established investors—routinely maintain household incomes well exceeding S$500,000 and accumulate down payments representing 40% to 60% of purchase price. However, buyers should factor the absolute income requirements into their financial planning and engage with premium banking partners experienced in ultra-high-net-worth financing structures, as standard mortgage intermediaries often lack capacity to serve this market segment efficiently.

How does One Shenton compare to nearby competing ultra-luxury CBD residential developments?

The CBD residential market contains remarkably limited comparable development options, as land scarcity and restrictive planning controls prevent new supply from emerging in desirable CBD precincts. The Pinnacle@Duxton, located in the adjacent Marina Bay area, offers comparable ultra-luxury specifications and similar price points, though it trades at slightly lower per-square-foot valuations—approximately S$1,900 to S$2,100 per sqft versus One Shenton's S$1,900 to S$2,400 range—reflecting Marina Bay's marginally less central positioning within the traditional business district. Marina Bay developments also attract a slightly higher proportion of investor purchasers seeking furnished rental income, whereas One Shenton's Shenton Way location predominantly serves owner-occupier professionals whose workplace adjacency simplifies daily routines. Beyond Marina Bay, genuine CBD residential alternatives virtually disappear; options relocate substantially into suburban luxury precincts where pricing advantages reflect geographic distance rather than equivalent convenience and prestige. This supply scarcity insulates One Shenton from competitive pricing pressures and supports long-term value discipline. Prospective buyers comparing One Shenton to alternatives should recognise that true comparables comprise only a handful of other CBD-proximate ultra-luxury developments, whereas the overwhelming majority of comparison sales occur in suburban locations where location convenience and professional prestige cannot replicate the CBD's inherent advantages.

Which floor levels or unit stacks at One Shenton offer optimal value propositions relative to per-square-foot pricing?

Ultra-luxury CBD residential developments typically demonstrate pricing variations based on floor height, unit orientation, and view characteristics that sophisticated buyers can exploit to maximise value realisation. Lower and middle floors (roughly 10th to 25th storeys) often trade at meaningful discounts relative to premium high floors (35th storey and above), with per-square-foot differentials of 8% to 15% despite virtually identical structural specifications and amenity access. Value-conscious buyers prioritising investment return over prestige views can achieve substantially better per-square-foot pricing by selecting well-appointed mid-range floors whilst preserving the location convenience and CBD address benefits that drive One Shenton's appeal. South-facing and west-facing orientations similarly trade at discounts relative to north and east aspects, reflecting reduced sunlight exposure and higher afternoon solar heat gain in Singapore's tropical climate. Units located on odd-numbered floors versus even-numbered stacks occasionally exhibit pricing variations driven by feng shui preferences among certain buyer demographics, creating micro-inefficiencies that analytical purchasers can exploit. The optimal value strategy involves accepting modest orientation or view compromises whilst maintaining absolute location permanence and unit size, thereby capturing One Shenton's core appeal—CBD convenience and address prestige—at modestly improved per-square-foot pricing relative to premium floor and orientation premiums.

What future housing supply pipeline developments might affect One Shenton's competitive position and pricing dynamics?

The Central Business District faces extraordinarily constrained new residential supply due to land scarcity, conservation zoning restrictions, and Singapore's strategic commitment to preserving CBD land for office and mixed-use commercial development. Government land sales have not released significant CBD residential parcels in the past decade, and existing urban planning frameworks contain no announced pipeline for major new residential supply within the CBD core in the foreseeable future. This supply scarcity provides One Shenton with durable competitive protection, as future demand growth from expanding multinational corporate presence and increasing expatriate populations will encounter virtually no new supply to moderate pricing. Suburban residential developments in secondary commercial districts such as Tanjong Pagar and Outram Park may attract price-sensitive buyers seeking CBD-adjacent living at modestly reduced costs, yet these alternatives sacrifice the location prestige and professional adjacency that drive One Shenton's appeal to affluent professionals. The broader CBD market evolution toward mixed-use precincts integrating heritage conservation, dining, retail, and cultural amenities enhances residential appeal without materially increasing competing housing supply. As Singapore's population expands and CBD professional employment remains concentrated, the scarcity of established, well-positioned residential options like One Shenton will intensify rather than diminish, supporting long-term appreciation prospects that exceed suburban markets facing new competitive supply.

One Shenton — From S$9.8M