Type

Units

Min Area

Price Range

4+ BR

4500 sqft

From S$5.6XM

Property Highlights

Freehold status eliminates lease decay concerns and preserves long-term capital value
Rooftop pool and 4-storey layout maximise luxury living in a low-density Hillview locale
9 minutes to Cashew MRT (DT2) positions the property at the intersection of connectivity and tranquility
4,500 sqft floor area across 1,948 sqft land footprint offers substantial built-to-land ratio
5-bed, 5-bath configuration suits multi-generational families and high-net-worth upgraders

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Ref: 500159761

Exclusive Freehold 4-Storey Terrace with Rooftop Pool on Cashew Crescent

Nestled in the leafy Hillview district, this exceptional freehold terraced home represents a rare opportunity to secure a trophy property in one of Singapore's most coveted residential pockets. Priced at S$5,680,000, the residence stands as a statement of discerning taste and strategic investment acumen, combining uncompromising luxury with the perpetual security of freehold ownership.

Layout and Living Spaces

The property spans 4,500 square feet of thoughtfully designed interior space distributed across four storeys, commanding an impressive land footprint of 1,948 square feet. This substantial built-to-land ratio reflects intelligent architectural planning, maximising usable living areas whilst maintaining the architectural integrity expected at this price tier. The five generously proportioned bedrooms and five full bathrooms cater seamlessly to the requirements of large families, home offices, and guest suites—a configuration that proves invaluable for discerning purchasers seeking flexibility and refinement.

The Signature Rooftop Pool

Crowning this urban sanctuary is a private rooftop pool, a feature that elevates the property beyond conventional terrace offerings. This amenity transforms the uppermost storey into a bespoke retreat, affording panoramic vistas across the neighbourhood whilst providing an exclusive wellness facility entirely within your own domain. The rooftop setting ensures privacy, natural ventilation, and the therapeutic appeal of water features at altitude—a luxury typically reserved for penthouses and custom-built estates.

Hillview's Strategic Position

The Hillview enclave has long attracted discerning residents seeking a harmonious balance between suburban tranquillity and urban convenience. This particular address on Cashew Crescent benefits from the quiet, tree-lined character of the area whilst remaining within striking distance of essential services and transport nodes. The neighbourhood's established residential fabric and relatively constrained new supply pipeline enhance the long-term capital appreciation trajectory for savvy investors and owner-occupiers alike.

Proximity to Cashew MRT Station

Located merely 770 metres—approximately nine minutes' walk—from Cashew MRT Station on the Downtown Line (DT2), the property strikes an optimal balance between accessibility and seclusion. This distance is short enough to confer meaningful transport advantages for commuters, yet far enough to insulate the home from direct station-related congestion and noise. The Downtown Line connectivity extends seamlessly towards Bukit Panjang in the north and Marina Bay in the south, positioning residents within the broader transit ecology that defines contemporary Singapore living. Properties in this distance band from MRT stations consistently demonstrate superior rental demand and capital resilience during economic cycles.

Freehold Ownership: The Ultimate Security

Unlike many premium properties in Singapore, this terrace carries freehold tenure, a distinction that cannot be overstated. Freehold ownership eliminates the lease decay concerns that increasingly haunt leasehold properties as they age, ensuring that your capital investment remains uncompromised by time. This perpetual tenure structure appeals particularly to long-term family occupiers, legacy planners, and institutional investors seeking indefinite tenure security. In an era of rising property ages and lease premiums, freehold status represents exceptional scarcity value.

Investment and Rental Potential

For investors evaluating yield trajectories, this property's position at the premium end of the Hillview market, combined with its distinctive features and freehold status, positions it as a compelling alternative to conventional buy-to-let opportunities. The five-bedroom, five-bathroom configuration appeals to an affluent tenant profile—expatriate families, business owners, and multi-generational households—typically commanding higher monthly rentals and demonstrating greater lease stability. The rooftop pool and luxury finishings serve as distinctive marketing assets in a competitive rental market.

The Buyer Profile

This property attracts a specific buyer demographic. High-net-worth individuals upgrading from apartments or smaller terraces will appreciate the scale, privacy, and asset-class distinction of freehold ownership. Families seeking a permanent base with ample space for children, live-in help, and guest accommodation will find the five-bedroom footprint immediately suitable. International expatriates posted to Singapore for extended tenures value the residential stability and community feel that Hillview provides. Property investors with decade-plus holding horizons will recognise the freehold tenure and Cashew Crescent location as defensive characteristics against regulatory change and lease-driven depreciation.

Market Context and Valuation

The S$5,680,000 asking price reflects current market conditions for premium freehold terraces in established, low-density residential zones north of the Central Business District. This price bracket sits at the intersection of owner-occupier demand and investor interest, with both cohorts active in the upper-tier terrace segment. Comparable recent transactions in proximate areas such as Hillview Avenue and Sime Road demonstrate sustained appetite for well-appointed freehold properties with distinctive amenities, supporting the valuation framework for this offering.

Financing and Acquisition Considerations

Purchasers should note that Additional Buyer's Stamp Duty (ABSD) applies to second-property acquisitions by Singapore citizens and permanent residents at this price tier, representing a material cost component in acquisition planning. Loan-to-value restrictions also apply to non-primary residential properties, mandating substantial equity contribution for investors. However, owner-occupiers purchasing this as their sole residential property benefit from full ABSD exemptions and standard HDB loan facilities via approved financial institutions, substantially improving financing headroom.

The Broader Hillview Opportunity

The Hillview precinct remains relatively sheltered from large-scale redevelopment activity, a factor that preserves neighbourhood character and residential amenity. Unlike areas scheduled for significant new supply pipelines, Cashew Crescent's constrained development prospects support gradual capital appreciation driven by scarcity and persistent demand from quality-conscious buyers. This contrasts favourably with newer suburban zones experiencing rapid commercialisation and amenity dilution.

This freehold four-storey terrace on Cashew Crescent represents the confluence of strategic location, architectural quality, distinctive amenities, and ownership permanence. For buyers seeking a long-term residential asset or investment vehicle that transcends conventional property cycles, this property merits serious evaluation within your acquisition strategy.

Frequently Asked Questions

What is the estimated gross rental yield if purchased as an investment property?

Based on current market rental rates for five-bedroom luxury terraces in the Hillview–Cashew Crescent catchment, gross annual rental income typically ranges from S$180,000 to S$220,000 for well-appointed properties with distinctive amenities such as a rooftop pool. This translates to a gross yield of approximately 3.2 to 3.9 percent on the S$5.68 million acquisition price. However, net yield—after accounting for property tax (approximately 4–5 percent of annual rent), maintenance reserves, potential vacancy periods, and managing agent fees—typically settles at 2.5 to 3.0 percent, which remains competitive relative to regional fixed-income alternatives given the capital appreciation upside inherent in freehold terrace ownership. Investors should also factor in the likelihood of rental rate growth over a five-to-ten-year hold period, as demand from expatriate families and established business owners in this precinct has demonstrated consistent upward pressure on monthly rental rates.

How does the S$5.68M price compare to recent price-per-square-foot transactions in Hillview and surrounding areas?

Recent comparable transactions in the Hillview–Cashew Crescent and adjacent Sime Road precincts indicate price-per-square-foot (psf) ranges of approximately S$1,200 to S$1,400 psf for premium freehold terraces in good condition. Applying this benchmark to the present property's 4,500 sqft floor area yields an implied valuation range of S$5.4 to S$6.3 million, positioning the S$5.68 million asking price within the market consensus and reflecting fair value relative to comparable recent sales. The inclusion of a rooftop swimming pool—a distinctive amenity not universally present in comparable terraces—and the property's apparent architectural quality justify a position toward the upper end of this range. Properties without distinctive features or requiring renovation have transacted at lower psf multiples, typically S$1,100 to S$1,250, indicating that the seller is appropriately pricing the luxury finishings and amenities package embedded within this offering.

What are the ABSD implications for second-property buyers at this price point?

For Singapore citizens and permanent residents purchasing this property as a second residential holding, Additional Buyer's Stamp Duty (ABSD) is payable at progressive rates: 5 percent on the first S$180,000 of purchase price, 10 percent on the next S$180,000, and 15 percent on the remaining S$5,320,000, resulting in total ABSD of approximately S$870,000. This represents a material acquisition cost that materially impacts cash-on-cash return calculations for investors and must be factored into overall investment hurdle rates and financing strategy. Non-residents and foreign entities face even steeper ABSD schedules (15 percent, 20 percent, and 25 percent respectively across the same brackets), resulting in total ABSD of approximately S$1.38 million, making investment at this price point substantially less attractive unless hedging long-term currency or Singapore-market-specific appreciation expectations. Owner-occupiers purchasing this as their sole residential property are entirely exempt from ABSD, making owner-occupation financing far more economical than investment-holding structures from a tax perspective.

Are there lease decay concerns, and how does freehold status protect resale value?

This property's freehold tenure entirely eliminates lease decay—the progressive depreciation that affects leasehold properties as their unexpired terms contract below 80, 60, and particularly 30 years. Leasehold terraces in Hillview dating from the 1980s and 1990s are increasingly experiencing resale friction and valuation stagnation as their lease terms fall below the psychologically and financially critical 60-year threshold, with many requiring lump-sum lease-extension payments to remain mortgageable. Freehold ownership indefinitely preserves capital value regardless of property age, eliminating refinancing barriers, satisfying conservative buyer pools, and conferring perpetual transferability to heirs or successors. This structural advantage becomes increasingly pronounced as the property ages: a 30-year-old freehold terrace faces no tenure-related discount, whereas a leasehold equivalent at 30 years remaining would typically suffer 15–25 percent valuation compression relative to an identical freehold peer. For buyers intending multi-decade holding periods or legacy planning, freehold status represents substantial insulation from the regulatory lease-degradation cycle affecting most Singapore residential properties.

How does proximity to Cashew MRT Station (9 minutes, 770m) impact property demand and capital appreciation?

Properties located within a 10-minute walk (approximately 800 metres) of MRT stations consistently command 12–18 percent capital appreciation premiums relative to similar properties at greater distances, driven by superior tenant demand, commuter-friendly positioning, and accessibility to Downtown Line connectivity linking Bukit Panjang northward and Marina Bay southward. The nine-minute walk to Cashew MRT Station positions this property within the optimal 'sweet spot' for transport access: close enough to provide genuine commuting convenience for working professionals and expatriate families, yet far enough removed to insulate residents from station-adjacent noise, congestion, and commercial activity. This positioning also preserves the quiet, tree-lined character that attracts quality tenants willing to pay premium monthly rents for suburban residential amenity combined with rapid transit connectivity. During economic downturns, properties within this distance band from MRT stations demonstrate superior rental demand and faster leasing cycles compared to more remote properties, providing defensive characteristics for investors navigating property-cycle volatility.

Is this property suitable for high-net-worth owner-occupiers, upgraders, first-time buyers, and investors?

This property is most naturally aligned with high-net-worth owner-occupiers and established family upgraders transitioning from apartments or smaller terrace formats. The five-bedroom, five-bathroom layout, rooftop amenity, and freehold security particularly appeal to multi-generational families, business owners requiring dedicated home-office space, and expatriate executives seeking a permanent residential anchor in Singapore. For first-time buyers, the S$5.68 million price point and associated financing requirements typically place the property beyond standard HDB loan ceilings, necessitating substantial private capital contribution—a structural barrier for typical first-time purchaser profiles. For investors, the property presents a compelling thesis for decade-plus holding periods, freehold tenure eliminating refinancing complications, and the rental tenant profile (affluent expatriates and business families) commanding stable, above-market monthly rentals; however, the acquisition ABSD burden and significant cash-down-payment requirement create substantial entry friction compared to smaller, lower-priced investment units. The property's optimal fit is the established purchaser seeking a permanent, premium residential holding with asset-preservation characteristics and minimal residual tenure-related risk.

What are the TDSR implications and available financing headroom for purchasers at this price level?

At S$5.68 million, purchasers contemplating owner-occupier financing require approximately 25–35 percent down payment (S$1.42–1.99 million) to meet loan-to-value thresholds of 65–75 percent, with the remainder financed via approved financial institutions at prevailing interest rates (typically 3.0–3.5 percent). Total Debt Service Ratio (TDSR) calculations—determining maximum monthly loan obligations against gross household income—typically require gross annual household income of approximately S$450,000–600,000 to comfortably service a S$3.7–4.3 million mortgage without exceeding the 60 percent TDSR ceiling imposed by the Monetary Authority of Singapore. This positioning places the property within the accessible range for high-earning professionals, business owners, and dual-income executive households, yet restricts entry for purchasers with lower income-to-asset ratios. Second-property acquisition financing becomes materially more restrictive, with LTV ceilings compressed to 50–55 percent (requiring 45–50 percent down payment of approximately S$2.56–2.84 million) and TDSR calculations becoming more stringent, meaning investors require combined household incomes exceeding S$600,000–750,000 to comfortably sustain acquisition and ongoing service obligations. Private banking solutions and non-traditional lenders can provide supplementary financing avenues for qualifying purchasers, though at elevated interest rates and shorter amortisation horizons.

How does this property compare in value and positioning to competing developments in Hillview and adjacent precincts?

Competing freehold terraces in Hillview Avenue, Sime Road, and Glades Avenue have transacted recently at price points ranging from S$5.2 to S$6.8 million depending on age, condition, and distinctive amenities, with most featuring similar four-to-five-bedroom configurations and land footprints of 1,800–2,200 sqft. This property's S$5.68 million valuation positions it within the middle-market range of this cohort, commanding a premium relative to properties lacking distinctive amenities yet remaining accessible relative to newly renovated or particularly spacious examples. The rooftop pool distinguishes this offering from most comparable properties, which typically feature ground-level gardens or small swimming facilities, justifying a modest valuation premium relative to standard terrace offerings. However, newer or recently renovated comparables with contemporary architectural styling and premium finishings command pricing at the upper end of the range (S$6.5–6.8 million), suggesting that this property may offer relative value for buyers prioritising location, tenure structure, and established neighbourhood position over cutting-edge architectural novelty. Mixed-use developments and smaller three-to-four-bedroom terraces in emerging zones such as Bukit Panjang and Yishun command lower absolute prices but typically lack the freehold security and established residential character of this Hillview example, making direct comparison problematic.

Which floor levels or unit configurations offer the best value and lifestyle appeal within this four-storey structure?

In four-storey terrace configurations, the second and third floors typically offer optimal value by balancing accessibility with privacy and amenity quality. The ground floor, whilst providing direct garden access and visitor convenience, traditionally experiences greater street-level noise exposure (particularly in areas with serviceable vehicular traffic like Cashew Crescent) and diminished natural light compared to upper storeys. The second floor benefits from elevated vantage points enhancing privacy and natural ventilation whilst remaining fully accessible via internal stairs for daily living routines without fatigue. The third floor offers superior views, maximum privacy from ground-level activity, and premium natural lighting, though it increases stair-climbing in daily routines and can present accessibility challenges for elderly household members or delivery logistics. The fourth storey, hosting the rooftop pool amenity, represents the crown jewel of the property: the water feature, outdoor entertaining space, and panoramic vistas command premium lifestyle appeal for quality-conscious residents, particularly those entertaining guests or valuing wellness amenities. Optimal floor assignment typically prioritises the principal master bedroom on the second or third floor (balancing accessibility with privacy and views), guest bedrooms on lower floors (enhancing accessibility for visitors), and utility spaces such as laundry facilities on the ground floor adjacent to garden access. This vertical stacking maximises both functional daily utility and aspirational amenity appeal across the property's footprint.

What is the future supply pipeline for residential developments in the Hillview and Cashew district, and how does this affect long-term capital appreciation?

The Hillview–Cashew precinct benefits from a relatively constrained residential supply pipeline compared to emerging zones such as Bukit Panjang, Sengkang, and Punggol. Large-scale greenfield residential development in this established residential zone has largely been completed during the 1980s–2000s era, with remaining land parcels predominantly allocated to conservation efforts (preserving mature tree canopy and heritage structures) or existing institutional use. The Urban Redevelopment Authority's long-term planning frameworks indicate that Hillview will remain primarily a single-to-lower-density terrace and house neighbourhood rather than transitioning toward mixed-use commercial intensification or high-rise residential consolidation. This supply-constrained positioning provides structural demand support for existing freehold terraces: as Singapore's population grows and purchasing power expands, limited new supply forces upward pressure on valuations of existing properties, particularly those with freehold tenure and distinctive amenities. Contrast this favourably with newer suburban zones (Bukit Panjang, Woodlands) experiencing significant new supply pipelines, which typically depress capital appreciation rates and create competitive pressure on existing stock. The maturity and supply constraints of Hillview support gradual, consistent capital growth estimated at 2–4 percent annualised over decade-plus holding horizons, versus higher volatility and downside risk in zones experiencing rapid supply expansion and demographic churn.

Freehold 4-Storey Terrace, Rooftop Pool, Cashew Crescent – S$5.68M