Type

Units

Min Area

Price Range

3 BR

1119 sqft

From S$2.8XM

Property Highlights

Spacious 1,119 sqft three-bedroom, three-bathroom apartment positioned in a prime location with easy MRT connectivity
Just 530 metres (6 minutes' walk) from Stevens MRT Station on the Downtown Line, offering excellent transport access
Priced at S$2.8 million, delivering approximately S$2,502 per square foot in a sought-after residential neighbourhood
Well-suited for upgraders, high-net-worth individuals, and investor-grade properties seeking strong capital appreciation potential
Modern apartment living with thoughtful spatial design across three distinct bedrooms and comprehensive bathing facilities

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Ref: 500104041

Proximo: Premium Apartment Living on Robin Road

Proximo stands as a distinctive residential offering in one of Singapore's most established neighbourhoods. Located at 27 Robin Road, this three-bedroom, three-bathroom apartment commands a price of S$2.8 million and spans a generous 1,119 square feet of carefully planned living space. The property represents a compelling opportunity for discerning buyers seeking quality accommodation with proximity to essential urban amenities and transport infrastructure.

Location and Transport Connectivity

The positioning of this apartment delivers a significant advantage in terms of accessibility and convenience. Stevens MRT Station, situated on the Downtown Line, lies a mere 530 metres away—approximately a six-minute walk from the building. This proximity places residents within easy reach of major business districts, shopping precincts, and entertainment venues across Singapore. The Downtown Line itself provides rapid connections to the Central Business District, making the property particularly attractive for working professionals and those requiring frequent city-centre access.

Robin Road itself occupies a tranquil corner of the island, balanced between the quietness expected in residential areas and the connectivity demanded by modern urban dwellers. The neighbourhood has long been favoured by families and established professionals who appreciate the blend of greenery, community spaces, and streamlined transport links that characterise this part of Singapore.

Interior Configuration and Space Utilisation

The apartment's 1,119 square feet have been thoughtfully allocated across three distinct bedrooms and three full bathrooms. This configuration ensures that multiple occupants enjoy privacy and convenience, whether the property is occupied by a growing family, young professionals sharing arrangements, or as a rental asset. The presence of three bathrooms—rather than the more typical two in properties of this size—reflects a commitment to comfort and practicality that appeals to both owner-occupiers and investors mindful of rental appeal.

The spatial layout balances openness with defined zones, allowing for flexible living arrangements. Natural light and ventilation have clearly been prioritised in the design, with careful attention paid to the orientation and fenestration of each room. This level of design consideration is increasingly valued by purchasers evaluating properties in the S$2.5–3 million bracket, where the quality of finish and thoughtfulness of layout become decisive factors in purchase decisions.

Pricing and Market Position

At S$2,800,000, Proximo positions itself at approximately S$2,502 per square foot. This pricing reflects the property's location, size, and configuration within the broader context of similar-sized apartments in districts with comparable MRT proximity and neighbourhood characteristics. The price point places the property within reach of upgraders stepping up from smaller units, high-net-worth individuals seeking a convenient residential base, and investors evaluating opportunities in established, well-connected areas with consistent tenant demand.

The per-square-foot metric is particularly relevant when benchmarking against recent transactions in the Robin Road precinct and adjacent streets. Properties in this neighbourhood have demonstrated steady appreciation over medium-term holding periods, particularly those benefiting from proximity to MRT stations. The Stevens MRT advantage, combined with the size and configuration of this apartment, positions it competitively within the local market.

Investment Potential and Rental Yield Considerations

For investors evaluating this property as a rental asset, several factors merit attention. Three-bedroom apartments in established, MRT-proximate locations typically attract strong tenant interest, particularly among expatriate professionals, young families, and professionals seeking quality accommodation without the commitment of a landed property. The presence of three bathrooms adds to the rental appeal, as modern tenants increasingly value such convenience features.

Market rental data suggests that properties of comparable size and location in this district achieve monthly rents in the region of S$7,000–9,000, depending on exact positioning, views, and amenities. This would translate to an estimated gross rental yield of approximately 3.0–3.9 percent per annum on the purchase price. When factored against prevailing mortgage rates and operating costs, this yield remains competitive for investors in the prime residential segment, particularly for those seeking stability and capital appreciation alongside income generation.

Suitability for Different Buyer Profiles

The property serves distinct buyer demographics effectively. High-net-worth individuals seeking a centralised residential base will appreciate the location, transport connectivity, and neighbourhood stability. Upgraders moving from smaller apartments into a spacious three-bedroom configuration will find the layout and size responsive to their evolving housing needs. First-time purchasers within this price band may use the property as a stepping stone in their residential progression, building equity and understanding the market dynamics at the premium end of the apartment segment.

For investors, the combination of location, tenant appeal, and growth potential in an established district creates a portfolio diversification opportunity. The property avoids the speculative characteristics sometimes associated with new launches, instead offering the reassurance of a proven neighbourhood and predictable occupier demand.

MRT Proximity and Capital Appreciation Drivers

The six-minute walk to Stevens MRT Station represents more than mere convenience—it functions as a capital appreciation engine for residential properties in this area. MRT-proximate apartments consistently demonstrate stronger resale value growth and more resilient market conditions during economic downturns compared to properties requiring longer commutes. The Stevens station, whilst not located within the immediate CBD, provides reliable connections to major employment centres and lifestyle destinations, making the location inherently attractive to a broad demographic cohort.

Property values in neighbourhoods with established MRT connections have historically appreciated more steadily than those dependent on car-based transportation or longer commute times. As Singapore's urban population continues to concentrate and transport efficiency becomes an increasingly valued asset, properties within a ten-minute walk of MRT stations are expected to maintain their premium positioning and demonstrate resilient long-term value growth.

Neighbourhood Context and Amenities

The Robin Road area provides a mature, established residential environment with access to neighbourhood shops, dining establishments, and local services. Residents benefit from proximity to schools, healthcare facilities, and recreational spaces that characterise well-developed Singapore neighbourhoods. The area maintains a quieter ambience compared to central zones whilst remaining integrated with the broader urban network through reliable transport links.

Local amenities continue to evolve, with ongoing development in adjacent precincts adding to the neighbourhood's appeal. The stability and maturity of the area provide confidence for long-term property holders and investors alike, knowing that the residential character and transport connectivity are unlikely to be undermined by future changes.

Next Steps for Prospective Purchasers

Buyers interested in Proximo should engage with the property evaluation holistically, considering their individual circumstances against the property's location, configuration, and market dynamics. Whether motivated by owner-occupancy or investment intent, the three-bedroom, three-bathroom format and MRT proximity represent compelling fundamentals. The S$2.8 million price point should be evaluated against comparable recent transactions in the area and broader market conditions affecting properties of similar size and location. Professional valuations and legal reviews are essential components of any purchase consideration at this price level.

Frequently Asked Questions

What is the estimated annual rental yield if I purchase Proximo as an investment property?

Based on current market conditions for three-bedroom apartments in MRT-proximate locations in this district, Proximo would likely achieve rental rates between S$7,000 and S$9,000 per month, translating to a gross rental yield of approximately 3.0–3.9 percent per annum on the S$2.8 million purchase price. This yield assumes a holding period sufficient to absorb acquisition costs and incorporates standard operating expenses such as maintenance charges, property tax, and maintenance reserves. The yield remains competitive within the prime residential segment, particularly for investors prioritising capital stability and moderate income generation over high-yielding but more volatile property categories. Investors should factor in their personal tax position and the impact of mortgage financing costs when evaluating net returns.

How does Proximo's price per square foot compare to recent transactions in the Robin Road area?

Proximo is priced at approximately S$2,502 per square foot, positioning it competitively within the Robin Road and adjacent neighbourhoods' recent transaction data. Properties of comparable size and MRT proximity in this precinct have demonstrated psf values ranging from S$2,300 to S$2,700, depending on specific location nuances, building age, and amenities quality. The Proximo pricing sits within this established range, reflecting fair market value for an apartment of its size, configuration, and transport connectivity. Recent transactions in the area have shown steady appreciation, with well-positioned properties appreciating at annual rates of 3–5 percent over medium-term holding periods, suggesting that current pricing is aligned with market fundamentals rather than speculative premium.

What are the Additional Buyer's Stamp Duty (ABSD) implications if I'm purchasing Proximo as a second property?

For second-property purchasers, ABSD applies at a progressive rate: 5 percent on the first S$180,000 of the property value, and 10 percent on the remaining S$2.62 million. This results in a total ABSD liability of approximately S$271,000, which significantly impacts the total acquisition cost alongside legal fees, survey costs, and agent commissions. When combined with the purchase price, your total outlay before mortgage drawdown would reach approximately S$2.88 million assuming standard conveyancing costs. However, ABSD may be remitted if the property is disposed of within five years of acquisition, providing a potential recovery mechanism if your circumstances change. Buyers in this category should factor the substantial ABSD cost into their financial planning and mortgage headroom calculations, as it reduces the capital available for other investments or reserves.

Is lease decay likely to affect Proximo's resale value, and what are the long-term capital appreciation implications?

Proximo's lease structure and remaining tenure are critical factors in assessing long-term capital appreciation. Singapore properties with leasehold tenures of 70–99 years typically experience gradual value decline as the lease matures, with acceleration in depreciation once the lease falls below 30 years. The property's specific lease tenure should be verified during the legal due diligence phase, as this directly influences your equity building profile and eventual resale value. Historically, apartments with MRT proximity within established neighbourhoods have maintained stronger resale values even as leases mature, due to sustained occupier demand and scarcity value. However, lease length remains a material consideration: properties with leases below 60 years may face reduced buyer pool size and financing challenges, potentially constraining your exit options in future. It is prudent to obtain a professional valuation incorporating lease decay assumptions to understand the property's realistic long-term value trajectory.

How significantly does Stevens MRT Station proximity influence long-term demand and capital appreciation for Proximo?

Properties situated within a six-minute walk of an MRT station consistently command premium valuations and demonstrate more resilient capital appreciation compared to car-dependent locations. The Downtown Line's ongoing significance as a major transport spine serving residential and commercial populations underpins sustained demand for MRT-proximate housing. Buyer surveys consistently demonstrate that MRT proximity is ranked alongside school proximity and neighbourhood quality as a primary driver of residential purchasing decisions, meaning that the Stevens station advantage is likely to remain a permanent positive feature influencing Proximo's value. Historical analysis of properties in similar positions—MRT-proximate apartments in established neighbourhoods—shows that they have weathered economic downturns more effectively and recovered faster than non-MRT properties, reflecting the structural strength of transport-driven location value. As Singapore increasingly emphasises sustainable transport and public transit usage, the capital appreciation differential between MRT-proximate and non-MRT properties is expected to widen rather than converge, making this location advantage a durable long-term asset.

Which buyer profiles find Proximo most suitable, and what are their respective motivations?

High-net-worth individuals seeking a consolidated residential base appreciate Proximo's location, size, and convenience, viewing it as a permanent or semi-permanent residence requiring minimal transaction costs or future relocation. Upgraders progressing from smaller two-bedroom apartments find the three-bedroom configuration directly responsive to growing family needs whilst maintaining efficient utilisation of living space and financial leverage. First-time purchasers within the S$2.5–3 million bracket may use Proximo as an entry point to the premium residential market, building equity and market familiarity before potentially progressing to landed properties or larger apartments. Investors prioritising capital stability and moderate rental yields prefer the property's MRT-proximate location and established neighbourhood credentials, which deliver predictable tenant demand and resale certainty. Owner-occupiers returning from overseas postings or relocating within Singapore often favour MRT-proximate apartments in established neighbourhoods for the blend of convenience and community stability. Each profile finds distinct value in the property, but the combination of size, location, and neighbourhood maturity is the unifying appeal.

What Total Debt Service Ratio (TDSR) and mortgage financing headroom should I anticipate at this price point?

At a purchase price of S$2.8 million, TDSR regulations permit maximum monthly debt servicing of approximately 60 percent of gross monthly income, capped at a loan-to-value ratio of 75–80 percent depending on your citizenship status and property classification. Assuming a 75 percent loan quantum of S$2.1 million financed over a 30-year tenure at prevailing mortgage rates of approximately 3.5–4.0 percent, monthly mortgage servicing would approximate S$9,400–10,200, requiring gross monthly income of at least S$15,700–17,000 to comfortably satisfy TDSR requirements. This calculation excludes other outstanding debts such as credit cards, car loans, or personal credit facilities, which further constrain available TDSR headroom. Buyers should obtain preliminary mortgage approval from their preferred lender before proceeding to formal negotiations, as pre-approval confirms your genuine financing capacity and accelerates subsequent formalities. The property's premium positioning within the S$2.5–3 million band typically appeals to buyers with established income credentials and established banking relationships, reducing financing uncertainty compared to lower-priced properties where buyer qualification is sometimes marginal.

What competing developments or alternative properties should I evaluate alongside Proximo?

Competing alternatives within the Robin Road precinct and adjacent areas include established residential developments in the Stevens, Novena, and Farrer Road corridors, with many offering similar three-bedroom configurations at comparable price points. Properties in Farrer Road often command slight premiums due to perceived neighbourhood prestige and school proximity, whilst Novena-area apartments may offer lower pricing due to marginally longer MRT walking distances. Newer launches in outlying MRT-proximate precincts—such as those in Bukit Timah or Ang Mo Kio—may offer lower per-square-foot pricing but at the trade-off of newer construction and potentially longer transport commutes. Landed properties in the North Coast, Marine Parade, or East Coast areas represent alternative housing typologies serving similar buyer demographics, though at typically higher absolute prices and with greater capital intensity. When evaluating Proximo against these alternatives, consider the relative importance you place on neighbourhood maturity (Proximo's strength), newness of construction, specific transport requirements, and lifestyle preferences. The property's established neighbourhood and immediate MRT proximity represent tangible advantages that newer or more distant alternatives struggle to replicate, making it a compelling option for buyers prioritising proven amenities and transport accessibility over architectural modernity.

Are there specific unit stack levels or floor positions within Proximo that offer superior value or utility?

Lower floors (Ground to 10th storey) typically command modest discounts of 3–7 percent relative to mid-level apartments, whilst offering easier building exit, reduced lift waiting times, and superior convenience for families with young children or mobility considerations. However, these units may experience comparatively reduced views and higher noise exposure from neighbouring street-level activity. Mid-level floors (10th to 20th storey) represent the value-optimal positioning for most purchasers, delivering a balance of pricing reasonableness, superior views and light access, and psychological benefits associated with elevation. Higher floors (20th storey and above) command premiums of 5–12 percent, justified by superior views, enhanced privacy, and reduced noise penetration, making them particularly attractive to owner-occupiers prepared to pay for amenity enhancement. Corner units typically attract premiums of 5–8 percent due to superior light access from dual-aspect windows and enhanced privacy perception. The most compelling value positioning for investors seeking rental optimisation typically emerges in the mid-level stack, where pricing remains reasonable relative to competitive rental positioning. Owner-occupiers should evaluate specific units based on their personal preferences regarding views, light, noise, and convenience factors rather than purely financial metrics, as the subjective quality-of-life improvements may justify modest premium positioning for certain floor and stack combinations.

What future supply pipeline developments in this district might affect Proximo's long-term value and rental market dynamics?

The Robin Road precinct and broader Stevens/Novena corridor have historically experienced measured development activity rather than speculative supply explosions, reflecting the area's mature status and limited available land parcels. Recent government land sales and Planning Authority announcements suggest continued but gradual residential densification in adjacent areas, particularly along transport corridors extending from Stevens MRT. The completed and forthcoming Mixed Development initiatives in the broader Downtown Core precinct may incrementally increase residential supply, though the historic pricing trajectory of established MRT-proximate properties suggests strong enough demand fundamentals to absorb new supply without significant displacement of existing property values. Conversely, ongoing infrastructure investments such as Downtown Line extensions and complementary transport improvements generally enhance the attractiveness of existing MRT-proximate properties by increasing transport network efficiency and connectivity. Land scarcity in the central and near-central zones means that Proximo's established positioning becomes increasingly valuable as alternative development space diminishes, supporting long-term capital appreciation trajectories. Property buyers should monitor Planning Authority releases and government land sale schedules to stay informed of potential supply impacts, though the historical evidence suggests that well-positioned, existing apartments in established neighbourhoods continue to appreciate relative to inflation despite measured new supply introduction in adjacent areas.

Proximo 3-Bed Apartment, Robin Road – S$2.8M near Stevens MRT