Type

Units

Min Area

Price Range

2 BR

1109 sqft

S$2.5m

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$2,490,000.
Located 5 min (400 m) from EW15 Tanjong Pagar MRT Station.

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Altez: Prime Tanjong Pagar Residences with Unrivalled Connectivity

Altez stands as a distinguished residential offering in the heart of Outram, positioned at 16 Enggor Street where urban convenience converges with contemporary living. This condominium development delivers spacious floor plans and refined finishes, catering to discerning buyers who prioritise location, lifestyle, and long-term value appreciation. Situated merely 400 metres—a five-minute walk—from Tanjong Pagar MRT Station (EW15), the development enjoys direct access to the East-West Line, ensuring swift connectivity across Singapore's business and leisure hubs.

The Tanjong Pagar precinct has undergone substantial rejuvenation in recent years, transforming from a traditional shophouse enclave into one of the city's most sought-after mixed-use quarters. This evolution has bolstered both owner-occupancy demand and rental yields for investors, as young professionals, expatriates, and affluent upgraders seek homes within walking distance of the Central Business District. Altez capitalises on this demographic shift, offering quality residences in a neighbourhood increasingly recognised for its dining, retail, and cultural attractions.

Strategic Location and Transport Advantages

The proximity to Tanjong Pagar MRT Station represents a substantial competitive advantage, particularly for working professionals commuting to the CBD or Marina Bay financial precinct. The East-West Line provides seamless connections to Raffles Place, Bugis, and Dhoby Ghaut, while interchange facilities at Outram Park (NE/EW junction) expand travel options across the island's network. This accessibility has historically underpinned strong capital appreciation in the Outram district, as properties within 400 metres of a major MRT station command a demonstrable valuation premium over less connected alternatives.

Beyond the MRT, the development benefits from proximity to major arterial roads and the Outram Park Business District, facilitating vehicle-based commutes for those driving to office or meeting destinations. The combination of public transport excellence and road infrastructure creates a particularly compelling environment for both owner-occupiers managing daily travel and investors targeting tenant bases drawn from multinational corporations, professional services firms, and established local businesses.

Contemporary Living Spaces and Amenities

Altez residences encompass thoughtfully proportioned units starting from approximately 1,109 square feet, delivering functional floor plans suited to couples, small families, and single professionals alike. The development incorporates modern architectural language, quality finishes, and efficient layouts that maximise usable living space whilst maintaining contemporary aesthetic standards. Interior specifications emphasise practical luxury rather than ostentatious detailing, reflecting the sophisticated tastes of the target demographic.

The development's amenity offerings cater to modern resident expectations, encompassing facilities designed to enhance everyday convenience and wellness. Communal spaces, recreational facilities, and landscaped environments create opportunities for social interaction and leisure pursuits without requiring residents to venture beyond the property boundary. These features prove particularly valuable in attracting and retaining quality tenants, thereby supporting consistent rental income for investor owners.

Neighbourhood Character and Lifestyle Integration

The Tanjong Pagar neighbourhood presents a compelling lifestyle proposition distinct from conventional suburban residential enclaves. Within walking distance of Altez, residents access a carefully curated selection of restaurants, cafes, galleries, and retail establishments housed within heritage shophouses and contemporary storefronts. This enviable access to dining and leisure establishments—without requiring an automobile journey—resonates strongly with urban professionals and younger demographics who prioritise experiential living and community engagement.

The district's evolution has attracted a young, affluent resident base with above-average disposable incomes, fostering a vibrant social ecosystem and high foot traffic throughout the precinct. This human activity supports both business viability for local enterprises and an organic sense of safety and vitality that distinguishes the area from quieter, car-dependent residential zones. For owner-occupiers, this translates to an engaging living environment; for investors, it underscores the sustainability of rental demand and tenant quality.

Market Position and Buyer Profiles

Altez attracts diverse buyer cohorts, each motivated by distinct investment theses. High-net-worth individuals upgrading from smaller urban apartments view the development as an opportunity to secure a flagship Outram address before anticipated supply constraints intensify competition. First-time buyers with sufficient capital appreciate the neighbourhood's walkability, accessibility, and emerging status as a lifestyle destination, whilst simultaneously viewing the property as a sound wealth-building asset. Owner-occupiers relocating to Singapore for employment—particularly expatriates in senior corporate roles—find the location's proximity to the CBD and international-standard amenities particularly appealing.

Investors, conversely, evaluate Altez through the lens of rental yield, tenant demographics, and capital appreciation trajectory. The development's position within a supply-constrained district, combined with demonstrable demand from corporate housing teams and relocation specialists, supports projections for consistent net yields and above-average price growth relative to broader market averages. The combination of these factors positions Altez favourably relative to competing developments in adjacent precincts.

Investment Considerations and Market Dynamics

The Outram district continues to attract substantive development interest and infrastructure investment, signalling long-term demand sustainability. The completion of the Outram Park estate rejuvenation and ongoing improvements to surrounding conservation areas have reinforced the neighbourhood's status as a prime residential and commercial destination. These macro trends provide contextual support for capital appreciation assumptions, particularly for well-positioned properties like Altez that capture the intersection of transport excellence, lifestyle amenities, and neighbourhood prestige.

Prospective buyers contemplating ownership should evaluate their financing capacity, investment timeframe, and personal circumstance against contemporary market conditions. Those purchasing as a second residential property should account for Additional Buyer's Stamp Duty at 20% of the purchase price, a material cost that influences overall acquisition expense and net yield calculations. Consultation with qualified financial advisers and legal professionals ensures informed decision-making aligned with individual objectives and regulatory requirements.

Altez represents a compelling proposition for buyers and investors seeking high-quality residences in one of Singapore's most vibrant and well-connected urban quarters. The development's strategic positioning, contemporary design, and neighbourhood context combine to create a property offering with both immediate lifestyle appeal and sound long-term value characteristics.

Frequently Asked Questions

What rental yield might an investor expect from purchasing a unit at Altez?

Rental yields for properties in the Tanjong Pagar precinct typically range from 3.5% to 4.5% net per annum, depending on unit size, tenant profile, and management efficiency. Altez benefits from strong demand driven by corporate relocations, expatriate housing programmes, and young professionals seeking walkable urban neighbourhoods with excellent transport links. The development's proximity to the CBD and Tanjong Pagar MRT Station supports tenant quality and rental stability, though investors must factor in operational expenses including property tax, maintenance levies, agent commissions, and vacancy allowance when calculating net yield. Consulting with a property management firm familiar with the Outram district provides realistic income projections tailored to current market conditions.

How does Altez pricing compare to recent per-square-foot transactions in the Tanjong Pagar area?

Recent transactions in the Tanjong Pagar precinct have transacted in the region of S$2,000 to S$2,400 per square foot depending on unit configuration, floor height, and specific address. Altez units of approximately 1,109 square feet priced from S$2.49 million reflect a per-square-foot valuation consistent with recent market comparables, positioning the development competitively relative to new launches and resale stock in the immediate vicinity. Location quality, contemporary finishes, and amenity offerings substantiate the pricing in the context of the neighbourhood's continued prestige and transport connectivity. Prospective buyers should compare specific unit offers against recent arm's-length transaction evidence within a 400-metre radius to validate pricing fairness.

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

Singapore Citizens purchasing Altez as a second residential property must account for Additional Buyer's Stamp Duty at the current rate of 20% of the purchase price, substantially increasing the total acquisition cost beyond the base property price. A unit valued at S$2.49 million would incur ABSD of approximately S$498,000, bringing total stamp duty obligations to over S$550,000 when combined with buyer's stamp duty and seller's stamp duty. This material outlay meaningfully impacts investment returns, cash flow requirements, and financing headroom, particularly for investors targeting yield-focused strategies. Singapore Permanent Residents face a 25% ABSD rate, whilst foreigners are subject to 60% ABSD, making Altez substantially more affordable for citizens and substantially more expensive for non-citizen buyers.

What are the lease decay risks and resale value implications for Altez properties?

Altez, as a newly launched condominium development, carries a full or near-full lease tenure, typically 99 years from date of completion, meaning lease decay presents negligible risk for purchasers in the near to medium term. Properties in the Outram district with full lease lengths have historically demonstrated resilience in resale markets, as buyers perceive minimal lease-related depreciation over typical holding periods of five to fifteen years. However, purchasers should verify the exact lease commencement date and tenure length in the sale documentation, as lease remaining ultimately influences long-term asset value—properties with less than 60 years remaining tend to encounter increased financing restrictions and reduced buyer demand. For investors with longer holding horizons exceeding 30 years, confirming lease tenure in the original purchase contract ensures clarity and mitigates future complications.

How does proximity to Tanjong Pagar MRT Station influence demand and capital appreciation?

Properties situated within 400 metres of a major MRT station command a documented valuation premium of approximately 10% to 15% relative to comparable units lacking equivalent transport connectivity, a premium that has proven durable across multiple property cycles. Tanjong Pagar MRT Station's position on the East-West Line, combined with interchange access to the North-East Line via Outram Park, positions Altez at the nexus of two critical transport corridors serving the CBD, east coast leisure destinations, and the north-south economic corridor. Historical data indicates that developments with this calibre of transport accessibility outpace broader market appreciation by 1% to 2% annually over medium-term holding periods, attributable to the ever-growing value of time saved on commutes and the restricted supply of properties within walking distance of major MRT nodes. The ageing of Singapore's population and increasing prevalence of remote working trends further underpin demand for proximity to transport, suggesting sustained capital appreciation momentum for well-positioned properties like Altez.

Which buyer profiles are best suited to purchasing at Altez?

High-net-worth owner-occupiers upgrading from smaller apartments or suburban properties represent a primary target cohort, as they prioritise the lifestyle benefits of walkable urban living and proximity to dining and cultural amenities, coupled with sound wealth preservation characteristics. Young professional first-time buyers with sufficient equity find the development appealing, combining aspirational lifestyle positioning with entry-level access to a supply-constrained, capital-appreciating district. Expatriate families relocating to Singapore for corporate assignments value the proximity to the CBD, international-standard finishes, and established rental demand that facilitates eventual lease exit. Property investors seeking stable rental yields from quality tenant bases—corporate housing teams, relocation specialists, and high-income professionals—view Altez as a compelling addition to diversified portfolios targeting urban core assets in transport-proximate locations. Conversely, budget-conscious first-time buyers and families prioritising space and outdoor amenities may find alternative developments in suburban locations more aligned with their financial parameters and spatial requirements.

What TDSR and financing headroom considerations apply to typical Altez purchase prices?

At a reference price of S$2.49 million with current mortgage rates approximately 4% per annum, a purchaser with full equity faces no debt servicing constraints; however, most buyers finance a portion of purchase price via mortgage. A mortgaged amount of S$1.74 million (70% LTV) over a 30-year amortisation generates monthly debt servicing of approximately S$8,300, which against a required annual income of S$167,500 demands household income of roughly S$250,000+ to comfortably satisfy the 60% Total Debt Servicing Ratio (TDSR) threshold applied by most Singapore lenders. This financing hurdle positions Altez realistically within reach of established professionals, dual-income households, and high-net-worth individuals, rather than entry-level or middle-income buyer profiles. First-time buyers should anticipate significant down-payment requirements—minimum 25% to 30% of purchase price—and confirmation of income documentation sufficiency with their selected financial institution prior to making an offer. Those purchasing as a second property must factor Additional Buyer's Stamp Duty of 20% into total capital requirements, potentially requiring down payments of S$750,000 or more to manage reasonable loan-to-value ratios and TDSR compliance.

How does Altez compare to competing developments in nearby Outram and Eu Tong Sen Street?

Competing developments in the immediate vicinity include newly launched projects and resale stock on Eu Tong Sen Street, Craig Road, and neighbouring addresses, most positioned similarly to capture the same affluent urban demographic and investor base. Altez differentiate through direct adjacency to Tanjong Pagar MRT Station—a particularly compelling advantage relative to developments requiring a 10 to 15-minute walk to the station—and location within the pedestrian-friendly Tanjong Pagar conservation district with its distinctive heritage character. Pricing across the immediate precinct ranges from S$2.0 million to S$3.5 million depending on unit size and configuration, with Altez positioned competitively within this range relative to comparable floor areas and finishing quality. Buyers should conduct side-by-side unit viewing and transaction analysis across competing projects to validate pricing and feature trade-offs, as subjective preferences regarding building aesthetics, amenity offerings, and community composition influence suitability assessments as much as quantitative metrics.

Which unit stacks or floor levels offer optimal value and appreciation potential at Altez?

Mid-range floor levels, typically between the 8th and 20th storeys, often represent the optimal value proposition within residential developments, commanding mid-market pricing whilst avoiding the premium premiums applied to penthouses and the potentially reduced appeal of lower storeys proximate to street-level noise and activity. Units with efficient east or north-facing orientations tend to command fractionally higher valuations due to natural lighting benefits and cooler interior temperatures, attributes particularly valued in the tropical climate. However, prospective purchasers should prioritise personal preference regarding views, natural light, and ventilation over generic floor-level generalisations, as subjective satisfaction with one's home environment drives long-term occupancy comfort and rental appeal to tenant cohorts. Consulting the building floor plans and visiting multiple levels during inspection visits enables informed assessment of the specific attributes that align with individual requirements and resale positioning.

What future supply pipeline and district development plans might affect Altez value and rental demand?

The Outram district has benefitted from substantial recent urban renewal initiatives, including the HDB estate rejuvenation, shophouse conservation efforts, and the establishment of Outram Park as a mixed-use business and leisure precinct. Medium-term supply pipeline in the immediate vicinity remains constrained due to land scarcity and conservation area protections affecting many heritage shophouse properties, suggesting limited new competing supply that might pressure Altez values through oversupply dynamics. Longer-term district evolution may include further mixed-use development, F&B and retail expansion, and potential transportation infrastructure enhancements, all factors likely to sustain or increase the attractiveness of residential properties like Altez to owner-occupiers and investors alike. Prospective purchasers should monitor URA Master Plan updates and estate rejuvenation announcements affecting the broader Outram geography, as major transport or commercial developments in neighbouring areas can influence capital appreciation trajectories and rental demand volatility. Engagement with local property market specialists and URA publications ensures awareness of macro-level factors potentially affecting long-term asset performance.

Altez — From S$2.5m