Type

Units

Min Area

Price Range

2 BR

678 sqft

S$1.8M

Type

Units

Min Area

Price Range

2 BR

764 sqft

S$4,797/mo

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$4,797 to S$1.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$959 on this acquisition.
50% of current units are for sale, from S$1.8M; 50% are for rent, from S$4,797/mo.
Located 9 min (760 m) from DT19 Chinatown MRT Station.

Price Trends & Rental Yield

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The Landmark: Premium Urban Living in Central Chinatown

The Landmark stands as a significant residential development positioned at 173 Chin Swee Road, placing it at the heart of Singapore's culturally rich and commercially vibrant Chinatown precinct. This condominium project offers buyers a rare opportunity to secure a foothold in one of the city's most established and continuously evolving neighbourhoods, where heritage architecture meets modern urban amenities and accessibility to key business districts remains unmatched.

Located merely nine minutes' walking distance from Chinatown MRT Station (DT19), The Landmark benefits from exceptional public transport connectivity that extends across the Downtown Line network and beyond. Residents enjoy seamless access to the CBD, Marina Bay, and other major employment hubs, whilst the surrounding area presents an extensive array of dining, shopping, and entertainment options reflective of Chinatown's distinctive character and ongoing revitalisation efforts. The proximity to mass rapid transit infrastructure remains a cornerstone advantage, supporting both daily convenience and long-term property value appreciation.

Design and Layout

Units within The Landmark are thoughtfully proportioned to meet the needs of contemporary urban dwellers, with efficient floor plans spanning approximately 678 sqft across two-bedroom, two-bathroom configurations. This sizing strikes an appealing balance between spaciousness and manageable maintenance, appealing particularly to young professionals, couples, and investors seeking compact yet comfortable residential solutions without excessive square footage or associated carrying costs. The development's scale and unit distribution allow for practical living arrangements that maximise usable space whilst maintaining modern standards of finish and functionality.

Investment Profile and Rental Potential

Chinatown's sustained popularity as a residential destination for expatriates, business travellers, and local professionals creates a robust rental market for well-positioned developments. The Landmark's centrality, MRT accessibility, and location within a neighbourhood offering authentic cultural experiences alongside contemporary facilities position it favourably for investors pursuing rental yield strategies. Properties in this micro-location have historically attracted consistent tenant demand, supported by limited competing supply, strong corporate relocation flows into the CBD, and the area's appeal as a lifestyle choice rather than purely transactional convenience. Investors evaluating the development should model rental assessments based on comparable neighbouring properties and current market absorption rates for similar unit sizes in the Chinatown corridor.

Capital Appreciation Drivers

The Landmark's value proposition rests on multiple structural demand drivers. The scarcity of residential land within walking distance of major MRT nodes in the CBD-adjacent zone means that supply constraints typically underpin gradual appreciation, particularly for developments offering efficient, investment-grade unit specifications. Ongoing urban renewal initiatives within Chinatown, coupled with government support for heritage preservation alongside modern development, suggest that the neighbourhood will continue attracting both residential and commercial investment. The proximity to Outram Park, Tanjong Pagar, and other commercial nodes means that localised employment growth and corporate presence lend fundamental support to sustained demand for centrally located housing.

Neighbourhood Context and Amenities

Residents of The Landmark benefit from one of Singapore's most culturally distinctive neighbourhoods, offering independent boutiques, traditional Chinese medicine practitioners, heritage shophouses, and contemporary dining establishments within minutes of their residence. The area surrounding 173 Chin Swee Road presents significant walkability, with essential services including supermarkets, medical clinics, and financial services concentrated nearby. The development's position means that residents maintain easy access to both the heritage attractions of Chinatown and the professional infrastructure of the broader business district, creating a lifestyle appeal that extends beyond purely residential function.

Market Positioning and Buyer Suitability

The Landmark appeals to multiple buyer profiles within Singapore's residential market. First-time upgraders seeking to transition from government housing into private property will find the efficient unit specification and manageable price point accessible relative to comparable centrally located alternatives. High-net-worth individuals drawn to city-centre living may value the development's heritage address and established neighbourhood prestige. Investors prioritising rental income and capital preservation benefit from the constrained supply of modern residential stock in this micro-location and the consistent tenant demand supporting occupancy rates. International buyers and expatriates relocating to Singapore for work often gravitate towards central locations offering MRT access and cultural vibrancy, creating additional demand pressure that typically supports property values.

Financing and Affordability Considerations

At the development's current price range, prospective buyers should engage with their banking institutions to understand Total Debt Service Ratio (TDSR) obligations, which cap monthly loan repayments at 60% of gross monthly income. For buyers utilising mortgage financing to acquire units at The Landmark, prevailing interest rates and loan tenure assumptions will significantly influence monthly servicing costs and overall affordability. First-time property purchasers in Singapore benefit from exemption from Additional Buyer's Stamp Duty (ABSD), whilst those acquiring a second residential property face a 20% ABSD liability on the purchase price, materially affecting the total capital requirement. Investors and upgraders should factor this stamp duty consideration into their financial planning, ensuring adequate liquidity for both down payment and associated transfer costs.

Lease Tenure and Long-term Ownership

The specific lease structure of units within The Landmark—whether freehold or long-leasehold—carries implications for long-term value retention and financing eligibility. Properties with 99-year leasehold tenure typically experience gradual value erosion in the final decades of the lease term, particularly as the unexpired lease falls below 70 years, making this a consideration for buyers prioritising intergenerational wealth transfer. Conversely, developments offering freehold or 999-year leasehold tenure eliminate this decay risk and typically command stronger long-term capital appreciation, with banks maintaining consistent loan-to-value lending ratios across the entire ownership period. Prospective purchasers should verify the specific lease term at point of purchase and model residual value scenarios based on their intended holding period.

Competitive Context and Market Supply

The residential market for centrally located, efficient units in Chinatown remains constrained by limited land availability and the heritage conservation framework governing the precinct. This supply scarcity contrasts with more abundant housing stock in fringe CBD locations such as Outram Park, Tanjong Pagar, or further-flung central regions, where comparable unit sizes may command lower absolute prices. However, The Landmark's specific advantages—direct proximity to a major MRT interchange, established neighbourhood character, and efficient modern finishes—justify its pricing relative to developments requiring longer commute times or located in less culturally distinctive areas. The competitive set for this development includes similarly central condominium projects offering comparable accessibility and unit specifications, rather than distant projects competing purely on price-per-square-foot metrics.

Future District Development and Strategic Considerations

The Chinatown district remains subject to ongoing master planning considerations within the broader Central Region Framework, with government policies supporting heritage preservation, walkability improvements, and sustainable urban intensification. Proposed transport enhancements, mixed-use developments, and public realm upgrades within the precinct may further bolster the attractiveness and commercial viability of residential properties positioned as beneficiaries of improved public amenities. Buyers should consider the development within the context of Singapore's long-term urban strategy, which continues to prioritise central locations offering reduced transportation burden, cultural authenticity, and established community infrastructure as counter-weights to decentralised regional centres.

Frequently Asked Questions

What rental yield can investors realistically expect from units at The Landmark?

Rental yields for properties in central Chinatown typically range between 3% and 4.5% gross annually, depending on unit specification, fit-out quality, and lease negotiation terms. The Landmark's proximity to Chinatown MRT and location within a neighbourhood attracting expatriates and corporate relocations supports consistent tenant demand, though actual yields vary based on individual unit pricing and local market rental rates at the time of purchase. Investors should commission comparative rental assessments for similar-sized units in the neighbourhood to establish realistic income projections, accounting for periods of vacancy, property management fees, and maintenance reserves.

How does the price per square foot at The Landmark compare to recent Chinatown transactions?

Comparable recent sales of efficient two-bedroom units in central Chinatown developments have transacted in the range of S$2,500 to S$3,200 per square foot, placing The Landmark within this competitive spectrum when calculated from its headline pricing. Micro-location variations within Chinatown—such as immediate MRT proximity, floor level, unit orientation, and finishes quality—create meaningful price differentiation across the neighbourhood. Prospective buyers should obtain recent comparative market analysis for Chinatown condominium transactions from the preceding 12 months, segmented by unit size and tenure type, to assess whether The Landmark's pricing represents fair value relative to truly comparable transactions in the immediate vicinity.

What is the Additional Buyer's Stamp Duty impact for investors or upgraders purchasing at The Landmark?

Second residential property purchasers who are Singapore Citizens incur a 20% Additional Buyer's Stamp Duty on the purchase price, creating a substantial capital requirement beyond the down payment. For a property priced at S$1.78 million, the ABSD liability would approximate S$356,000, materially affecting total cash outlay and investment return calculations. Upgraders and investors must factor this 20% ABSD into their financial planning and ensure adequate liquidity for all purchase costs, including legal fees, inspections, and property management setup, which collectively can exceed S$400,000 on a unit of this value.

Does lease tenure decay pose a significant resale risk for properties at The Landmark?

The lease tenure structure—whether freehold, 999-year, or 99-year leasehold—fundamentally affects long-term value retention and refinancing eligibility. Properties with 99-year remaining lease terms enter a period of accelerated depreciation once the unexpired lease falls below 70 years, typically reducing saleable value and constraining mortgageability. For buyers planning to hold The Landmark units beyond 30 years, or for those prioritising inheritance considerations, verification of the specific lease term at purchase becomes essential. Freehold or 999-year lease structures eliminate this decay risk entirely, supporting undiminished capital value and consistent bank lending ratios throughout the ownership period.

How significantly does proximity to Chinatown MRT Station support demand and capital appreciation?

MRT accessibility ranks among the most powerful demand drivers for residential property in Singapore, with developments within nine minutes' walking distance of major stations commanding persistent price premiums and lower vacancy rates for rental properties. Chinatown MRT Station's positioning as a major interchange on the Downtown Line, serving both CBD workers and lifestyle-oriented residents seeking cultural vibrancy, creates sustained demand for nearby housing that extends across economic cycles. The combination of transport accessibility and neighbourhood character means that The Landmark's location likely insulates it from broader market cycles more effectively than fringe developments, supporting gradual capital appreciation and reduced speculative volatility.

Which buyer profiles are best suited to purchasing at The Landmark?

First-time upgraders seeking to transition from government housing into private property find The Landmark's efficient unit specification and central location attractive relative to comparable alternatives, particularly those valuing cultural neighbourhood character and established MRT connectivity. Young professionals and couples working in the CBD benefit from minimal commute times and walkable evening entertainment, supporting owner-occupancy satisfaction over extended holding periods. Investors prioritising rental yield and capital preservation favour the development's constrained supply, established tenant demand, and historical price stability across property cycles. High-net-worth individuals drawn to heritage addresses and cultural authenticity may view The Landmark as a lifestyle asset offering both residential convenience and potential appreciation, albeit at a price premium relative to purely utilitarian developments.

What TDSR and financing headroom should buyers model for properties at The Landmark?

At The Landmark's current price range, buyers utilising 70% loan-to-value mortgages typically require annual gross household income exceeding S$300,000 to comfortably meet the 60% Total Debt Service Ratio ceiling, accounting for existing credit obligations and the full cost of servicing a residential mortgage at prevailing interest rates. Mortgage stress-testing at assumed interest rates of 3.5% to 4% per annum will yield more conservative financing calculations than current promotional rates, ensuring serviceability headroom across interest rate cycles. First-time purchasers should engage with mortgage brokers to obtain pre-approval confirmation before submitting offers, ensuring that financial capacity constraints do not emerge at a late stage of the transaction process.

How does The Landmark compare to nearby competing developments in central Singapore?

The Landmark's primary competitive set includes established condominium projects within the Chinatown, Outram Park, and Tanjong Pagar nodes, where comparable efficient units may offer similar MRT accessibility and urban amenities. Developments in the Tanjong Pagar area or fringe CBD locations typically offer lower absolute prices per square foot, reflecting marginally longer commute times or less distinctive neighbourhood character, though this pricing advantage may not persist over long holding periods given constrained CBD-fringe supply. The Landmark's specific value proposition centres on heritage neighbourhood prestige, walkable cultural attractions, and the intangible appeal of established Chinatown identity, which attracts particular buyer segments prepared to pay premium valuations for location authenticity rather than purely utilitarian housing attributes.

Which unit stack levels or floor positions historically command better value at The Landmark?

Lower-floor units (levels 3-8) within centrally located developments typically trade at modest discounts relative to mid-level units (floors 9-18), reflecting buyer preferences for unobstructed skyline views and reduced lift-waiting times, despite superior street-level noise and privacy characteristics sometimes favouring lower floors in culturally vibrant neighbourhoods such as Chinatown. Mid-level units generally command the strongest per-square-foot pricing, balancing view desirability against practical accessibility, whilst very high floors (above level 25) may incur proportionately larger premiums that marginalise investment returns for purely yield-focused purchasers. Astute investors may identify value in lower-floor or internal-facing units where rental demand from expatriate tenants prioritises MRT accessibility and neighbourhood location over vista specifications, allowing acquisition at modest discounts to comparably-sized units occupying premium positions.

What future supply pipeline or district development factors should influence The Landmark purchase decisions?

The Chinatown precinct remains subject to the Central Region Framework, with government emphasis on heritage preservation, walkability improvements, and sustainable urban intensification that is unlikely to introduce competing large-scale residential supply within the immediate neighbourhood. Master planning initiatives focusing on improved public realm, enhanced transport infrastructure, and mixed-use development may incrementally increase the district's commercial vibrancy and resident amenity levels without diluting The Landmark's scarcity value. Prospective purchasers should monitor URA planning announcements and conservation initiatives affecting Chinatown, as policy evolution supporting cultural authenticity and limited-supply living options typically reinforces long-term property value appreciation for developments well-positioned within heritage precincts, supporting The Landmark's fundamental demand drivers across extended ownership horizons.

[For Sale / Rent] The Landmark At 173 Chin Swee Road — From S$4,797