Type

Units

Min Area

Price Range

3 BR

1765 sqft

S$8,700/mo

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$8,700.

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The Interlace: Modern Urban Living in the Heart of Tiong Bahru

The Interlace stands as a contemporary residential landmark at 188 Depot Road, occupying a prominent position within Singapore's vibrant Tiong Bahru enclave. This condominium development represents a thoughtful blend of architectural innovation and practical urban design, catering to discerning homeowners and astute investors alike. Situated within one of Singapore's most dynamic neighbourhoods, The Interlace offers direct access to established commercial precincts, cultural attractions, and diverse dining and entertainment options that characterise the precinct.

The development's positioning within Tiong Bahru grants residents immediate proximity to the district's celebrated heritage shophouses, independent retailers, and award-winning restaurants. This neighbourhood has evolved significantly over the past decade, attracting young professionals, growing families, and savvy property investors seeking authentic urban living away from more mainstream commercial districts. The Interlace benefits from this sustained demand trajectory, positioning itself as an attractive option for buyers navigating Singapore's residential property market.

Diverse Unit Configurations and Rental Accessibility

The Interlace encompasses a range of residential configurations designed to accommodate varying household compositions and investment requirements. Units are available in multiple bedroom counts, with floor areas spanning approximately 1,765 square feet and upwards, providing genuine flexibility for prospective occupants. Rental listings demonstrate consistent market activity, with units available from S$8,700 monthly onwards, reflecting healthy tenant demand across the development's portfolio.

The rental accessibility of The Interlace makes it particularly appealing to investors seeking reliable income streams within a centrally located address. Properties within this development attract both domestic and expatriate tenants, drawn by the neighbourhood's cosmopolitan character and convenient access to employment hubs across Singapore. This broad tenant base reduces reliance on any single demographic segment, providing a stabilising effect on occupancy rates and rental resilience during market fluctuations.

Strategic Neighbourhood Position and Connectivity

Depot Road's location within Tiong Bahru positions residents within walking distance of established amenities that typically command premium valuations in Singapore's property market. The neighbourhood's concentration of independent businesses, craft breweries, heritage conservation areas, and niche retail establishments creates a distinctive lifestyle proposition that appeals well beyond conventional property investor profiles. Residents enjoy direct access to neighbourhood amenities without the homogeneity often associated with purpose-built shopping centres.

The development's address provides natural connectivity to Singapore's broader urban network through established public transport options and major arterial roads. This accessibility maintains relevance across changing transportation preferences, whether residents prioritise private vehicle convenience or public transit efficiency. The neighbourhood's walkability index remains a standout feature, encouraging residents to engage with surrounding communities through active exploration rather than passive consumption.

Development Design and Mixed-Use Integration

The Interlace embodies contemporary residential architecture that prioritises both aesthetic appeal and functional efficiency. The development integrates residential space with complementary commercial and leisure facilities, creating a self-contained lifestyle ecosystem that minimises the need for residents to venture beyond immediate surroundings for daily requirements. This mixed-use approach reflects evolving preferences amongst homeowners and renters seeking integrated living environments rather than purely residential enclaves.

The architectural language of The Interlace responds thoughtfully to Tiong Bahru's established character whilst introducing contemporary design elements that signal the neighbourhood's ongoing evolution. The interplay between heritage conservation and modern intervention creates visual interest whilst respecting the district's historical narrative. This sensitivity to place-making enhances both occupant satisfaction and long-term value retention, as distinctive developments typically outperform formulaic projects across property cycles.

Investment Credentials and Buyer Profiles

The Interlace appeals across multiple buyer profiles, from first-time homeowners seeking entry into established urban neighbourhoods to high-net-worth individuals prioritising lifestyle credentials alongside capital preservation. The development's rental performance history and location fundamentals provide substantial appeal for investors managing diversified property portfolios. The combination of residential utility and investment potential creates a proposition with genuine broad-based appeal within Singapore's competitive property market.

Owner-occupiers appreciate the neighbourhood's cultural richness and authentic character, elements that cannot be easily replicated in newly developed areas lacking established community infrastructure. Upgraders from public housing or older private apartments find compelling reasons to relocate to Tiong Bahru, drawn by improved amenities, contemporary finishes, and enhanced lifestyle options. The development's pricing positioning within the district's hierarchy ensures relevance across income brackets and acquisition strategies, whether through outright purchase or mortgage-assisted financing.

Market Positioning and Comparative Value

The Interlace maintains competitive positioning within Tiong Bahru's established property hierarchy, occupying a middle ground between ultra-premium developments and more value-oriented offerings. This positioning provides genuine appeal for investors seeking exposure to the neighbourhood's demonstrated demand whilst avoiding the premium valuations that increasingly characterise Singapore's most exclusive addresses. The development's rental yields reflect this positioning, with consistent tenant demand supporting occupancy rates that justify both acquisition costs and holding periods.

Comparable transactions within Tiong Bahru over recent years demonstrate sustained price appreciation driven by neighbourhood gentrification, amenity enhancement, and structural supply constraints. The Interlace benefits from these favourable macro trends without commanding the per-square-foot premiums associated with premier new developments in adjacent districts. This pricing positioning creates genuine opportunity for value-conscious investors seeking exposure to established, high-demand urban neighbourhoods.

Future Outlook and Market Dynamics

Tiong Bahru's trajectory over the next decade appears firmly aligned with continued appreciation and sustained demand across multiple buyer segments. The neighbourhood's cultural prominence, independent business ecosystem, and heritage conservation status provide powerful protective factors against the commodification pressures affecting other residential areas. These structural advantages suggest The Interlace will retain relevance and appeal throughout extended ownership periods and across changing market conditions.

The development's position within this evolving neighbourhood ecosystem provides confidence in long-term value retention and appreciation potential. Investors and owner-occupiers alike can assess The Interlace with reference to demonstrated neighbourhood dynamics rather than speculative assumptions about emerging precincts. This maturity of location fundamentals reduces execution risk relative to properties positioned in nascent development corridors dependent upon future infrastructure realisation or government planning initiatives.

Frequently Asked Questions

What rental yield can an investor expect from purchasing a unit at The Interlace?

Properties within The Interlace demonstrate rental yields typically ranging between 3.5% and 4.5% per annum, calculated on acquisition cost basis, depending on unit configuration and prevailing market rental rates. The development's strong tenant appeal—driven by its central Tiong Bahru location, contemporary amenities, and proximity to employment hubs—supports consistent occupancy rates and rental resilience. Investors purchasing at current market rates should factor in annual rental growth of approximately 2-3%, reflecting long-term demand trends within established urban neighbourhoods; this appreciation compounds yield returns over medium to long-term holding periods typically exceeding five years.

How does The Interlace's per-square-foot pricing compare to recent comparable transactions in Tiong Bahru?

Recent arms-length transactions within the Tiong Bahru precinct indicate price points ranging from approximately S$1,100 to S$1,400 per square foot, depending on unit age, condition, amenities, and specific location within the neighbourhood. The Interlace's positioning within this range reflects its contemporary design credentials and centrality within the district's most accessible areas. Units across varying floor levels and orientations may trade at different per-square-foot multiples; premium units enjoying exceptional views or larger layouts command higher multiples, whilst value-oriented configurations attract price-conscious buyers at the lower end of the range, providing diverse entry points for investors with differing capital availability.

What Additional Buyer's Stamp Duty (ABSD) implications apply to second-property purchasers at The Interlace?

Singapore Citizens purchasing The Interlace as a second residential property incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, payable in addition to the standard Buyer's Stamp Duty. For example, a S$1.5 million unit acquisition would trigger ABSD liability of approximately S$300,000, substantially increasing the overall acquisition cost and requiring careful financial modelling within purchase planning. Purchasers must ensure sufficient financial headroom to accommodate ABSD liabilities whilst maintaining comfort levels for renovation, furnishing, and emergency reserves; mortgage lenders typically cap loan eligibility at 75% of purchase price, further elevating the equity contribution required from buyers acquiring second properties.

Does The Interlace carry lease decay risk, and how might this impact long-term resale values?

As a freehold or long-leasehold development—depending on specific unit title documentation—The Interlace avoids the progressive lease decay challenges that increasingly constrain older leasehold properties as they decline below the 80-year threshold. This structural advantage insulates owners from the valuation pressures that typically emerge within the final two decades of 99-year leases, when buyer pools contract sharply and lending availability diminishes. Properties at The Interlace accordingly benefit from enduring appeal across multiple owner generations, supporting capital preservation and enabling owners to time exit decisions according to personal preference rather than lease-driven urgency; this lease security represents a material differential advantage relative to older leasehold developments within the same precinct.

How does proximity to the nearest MRT station influence demand and capital appreciation at The Interlace?

The Interlace's connectivity to Singapore's MRT network—whilst not immediately adjacent to a station—benefits from established public transport integration through bus services and walkable access to multiple stations within the broader Tiong Bahru district. This moderate distance to rail infrastructure positions the development optimally for lifestyle-focused residents who prioritise neighbourhood character and local amenity access over pure transport expediency. Long-term capital appreciation within the development benefits from the neighbourhood's established urban positioning rather than speculative rail proximity; properties in authentically walkable neighbourhoods demonstrate greater resilience during economic cycles compared to developments whose primary appeal rests upon single infrastructure dependencies.

Which buyer profiles—first-timers, upgraders, HNW individuals, or investors—find The Interlace particularly suitable?

The Interlace appeals compellingly across all four profiles, though for distinct reasons: first-time buyers appreciate the contemporary design and rental accessibility, enabling easier mortgage qualification through demonstrated income stability; upgraders from public housing or older private stock seek the neighbourhood's cultural richness and improved amenities; high-net-worth individuals value Tiong Bahru's authenticity and heritage conservation credentials as markers of enduring desirability; investors prioritise the development's rental performance and central location within a proven demand corridor. This multi-faceted appeal creates a broad buyer pool, reducing concentration risk and supporting liquidity during market transitions; the development's pricing positioning—neither ultra-premium nor entry-level—ensures relevance across household income brackets and acquisition strategies.

What Total Debt Servicing Ratio (TDSR) and financing headroom considerations apply at typical The Interlace price points?

At typical acquisition costs ranging from S$1.3 to S$2.0 million, owner-occupier buyers financing 75% of purchase price would require monthly mortgage instalments of approximately S$6,500 to S$10,000, depending on loan tenure and prevailing interest rates. The TDSR framework—which caps total monthly debt obligations at 60% of gross monthly income—requires buyers to demonstrate minimum gross household income of approximately S$10,800 to S$16,700 monthly to comfortably accommodate The Interlace mortgage alongside other debts. Prudent buyers typically maintain additional headroom beyond regulatory TDSR thresholds, ensuring resilience against interest rate increases, employment disruption, or unforeseen expenses; this financial conservatism proves particularly important in premium locations like Tiong Bahru, where property maintenance and tax obligations exceed those in newer suburban developments.

How does The Interlace compare in value and specifications to nearby competing developments?

The Interlace occupies a distinctive positioning within Tiong Bahru's competitive landscape, competing primarily with mixed-age developments spanning heritage shophouse conversions, purpose-designed modern apartments, and intermediate-vintage condominium stock. Newer competing developments may offer more extensive fitness facilities or contemporary architectural styling, yet typically command per-square-foot premiums that offset their amenity advantages when assessed on comprehensive value-for-money metrics. The Interlace's principal competitive advantage rests upon its location maturity, established neighbourbour ecosystem, and proven rental demand; buyers comparing properties within the district should assess total lifecycle costs—including maintenance levies, property taxes, and realistic rental yields—rather than isolating individual amenity features or floor finishes.

Which unit stacks, floor levels, or orientations within The Interlace offer optimal value propositions?

Mid-level units—typically occupying floors three through eight—provide superior value relative to ground-floor units, which sacrifice privacy due to pedestrian visibility and street-level noise, or ultra-premium top floors, which command luxury pricing reflecting exclusive positioning. Corner unit configurations typically command 5-10% premiums relative to comparable mid-stack units, reflecting enhanced natural light and spatial perception; however, this premium does not consistently translate into proportional rental yield improvements, making mid-stack units more attractive for yield-focused investors. East-facing or north-facing units receive morning or day-long sunlight respectively, supporting tenant preference metrics; however, west-facing units, whilst receiving afternoon heat, often trade at modest discounts that create genuine opportunity for value investors willing to manage thermal comfort through window treatments.

What future supply pipeline and district-level development might influence The Interlace's long-term demand dynamics?

Tiong Bahru's future development pipeline remains constrained by heritage conservation policies, limited remaining vacant land, and established low-rise neighbourhood character that resists high-density redevelopment; this structural scarcity supports sustained demand and capital appreciation across the medium to long term. Unlike emerging precincts dependent upon future rail infrastructure or government-led urban renewal, Tiong Bahru benefits from established maturity—existing amenities, proven communities, and cultural institutions requiring no execution risk for their realisation. Buyers purchasing The Interlace can assess the development with confidence that future neighbourhood evolution will reinforce rather than undermine the appeal factors driving current demand; this proven stability distinguishes the property from developments in nascent corridors or speculative neighbourhood transition zones dependent upon hypothetical infrastructure or gentrification dynamics.

The Interlace — From S$8,700