Type

Units

Min Area

Price Range

5 BR

3283 sqft

S$2.7M

Property Highlights

Landed development with 1 unit currently available.
Prices currently start from S$2.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$536K on this acquisition.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

The Shaughnessy: Prestigious Terraced Houses at Miltonia Close

The Shaughnessy represents a curated offering of terraced houses positioned at the premium end of Singapore's landed property market. Located at 2 Miltonia Close, this development comprises thoughtfully designed residences that cater to affluent families seeking substantial space, privacy, and long-term value retention in one of the island's established residential enclaves.

Each unit within The Shaughnessy commands a generous built-up floor area of 3,283 square feet, complemented by an equally spacious 3,283 square feet land plot. This generous proportioning allows residents to enjoy expansive living quarters, multiple functional zones, and the flexibility to modify or enhance their homes to suit personal preferences. The five-bedroom, five-bathroom configuration makes these residences particularly appealing to established families, multi-generational households, and high-net-worth individuals who require extensive accommodation and private facilities for guests and staff.

Freehold Ownership and Long-Term Value Security

A defining characteristic of The Shaughnessy is its freehold tenure, which eliminates the lease decay concerns that affect leasehold properties in Singapore. Freehold ownership provides absolute security of tenure, unrestricted renovation rights, and the freedom to hold the property indefinitely without worrying about diminishing asset value as a lease approaches its final years. This tenure structure is particularly prized among investors and owner-occupiers who view property acquisition as a generational wealth-building exercise rather than a temporary housing solution. The absence of lease management regulations and annual lease extension costs further enhances the long-term financial attractiveness of these residences.

Market Positioning and Pricing Strategy

Properties within The Shaughnessy are offered from S$2.68 million, positioning them firmly within Singapore's high-end residential segment. This price point reflects both the substantial accommodation offered and the premium associated with freehold terraced housing in established districts. Prospective buyers should recognise that terraced house pricing in Singapore's landed segment typically commands higher per-square-foot valuations compared to apartment-based developments, owing to the finite supply of such properties, the permanence of freehold tenure, and the tangible land ownership component. Market dynamics for terraced houses remain supported by consistent demand from buyers who prioritise privacy, outdoor space, and the potential for architectural enhancement.

Suitability for Different Buyer Profiles

The Shaughnessy appeals to multiple buyer archetypes across Singapore's property market. High-net-worth individuals seeking prestigious addresses and substantial homes find these residences aligned with their lifestyle expectations and investment objectives. Established families upgrading from apartments or smaller houses benefit from the five-bedroom layout, multiple bathrooms, and land ownership advantages. Owner-occupiers who have completed their career progression and value privacy, space, and freedom from restrictive management rules find terraced houses particularly attractive. Investment-focused buyers appreciate the combination of freehold tenure, limited supply, and the enduring appeal of landed properties to affluent renters seeking privacy and flexibility.

Investment Considerations and Rental Potential

Terraced houses at The Shaughnessy position themselves as premium rental stock, attracting corporate executives, expatriate families, and high-income individuals willing to pay substantial monthly rents for private accommodation. Whilst precise rental yields depend on market conditions at the time of acquisition and the specific unit configuration, terraced houses in established locations typically generate competitive returns compared to comparable-priced apartment investments. The five-bedroom layout suits multiple rental market segments, including multi-occupancy professional share arrangements, expatriate families seeking homes with dedicated staff quarters, and executives requiring home-office space. Investors should note that terraced house rentals tend to demonstrate superior stability compared to apartment rentals, as tenant turnover is typically lower and lease durations are frequently extended beyond standard one-year terms.

Additional Buyer's Stamp Duty and Tax Implications

Purchasers acquiring a second residential property in Singapore should account for Additional Buyer's Stamp Duty at the current rate of 20% of the property price. For a property priced at S$2.68 million, this equates to a significant stamp duty liability that must be factored into the total acquisition cost. First-time buyers and Singapore citizens purchasing their first residential property are exempt from ABSD, making The Shaughnessy accessible at lower effective acquisition costs for these buyer cohorts. Non-citizen foreign investors are subject to ABSD at the same 20% rate and should seek professional tax advice regarding the true cost of ownership. These considerations underscore the importance of engaging legal and financial advisors before committing to a purchase.

Connectivity and Neighbourhood Characteristics

The Miltonia Close location benefits from its positioning within an established residential neighbourhood that balances privacy with urban convenience. Whilst specific MRT station proximity details are contextual to the exact site location, terraced house developments in Singapore's landed residential districts typically enjoy reasonable access to public transport, shopping centres, and dining establishments. The neighbourhood profile tends to attract families and established individuals who prioritise residential tranquility without sacrificing easy access to business districts, international schools, and lifestyle amenities. The character of such neighbourhoods typically remains stable over extended periods, supporting capital appreciation and providing confidence to long-term owner-occupiers.

Financing and Debt Service Considerations

Purchasers financing The Shaughnessy through bank mortgages should anticipate typical loan amounts ranging from S$1.3 to S$1.9 million, depending on individual lender policies and buyer circumstances. The Total Debt Service Ratio threshold of 60% (or lower depending on lender policy) must be satisfied, requiring demonstrable monthly household income of approximately S$21,000 to S$32,000 to comfortably service a S$1.6 million mortgage at prevailing interest rates. Buyers should engage financial advisors to model repayment scenarios across different interest rate environments, as property prices at this level typically correlate with rate-sensitive mortgage portfolios. Substantial equity contribution (40% or more) from buyers is commonly expected by lending institutions, reflecting the premium pricing and the circumspect approach that banks adopt towards high-value property lending.

Supply Dynamics and Market Outlook

Terraced house developments in Singapore remain structurally undersupplied relative to demand, as land scarcity and planning constraints limit new launches. The Shaughnessy occupies a niche within the overall residential market that typically experiences sustained demand from a committed buyer base. Unlike apartment developments where supply can expand across multiple projects and locations, terraced house opportunities remain episodic and finite, supporting price stability and capital appreciation over extended holding periods. First-time sellers of terraced houses often discover that disposal timelines are shorter and buyer interest more intense than equivalent apartment sales, attributable to the scarcity value and permanence of freehold tenure.

Conclusion

The Shaughnessy represents a substantial investment opportunity for buyers prioritising space, privacy, and long-term wealth preservation within Singapore's landed property segment. The combination of freehold tenure, substantial built-up area, and premium market positioning creates a compelling case for established families and astute investors seeking to secure tangible property assets in an undersupplied market segment. Prospective purchasers are encouraged to conduct thorough due diligence, engage qualified professional advisors, and view multiple properties within the terraced house segment before finalising acquisition decisions.

Frequently Asked Questions

What is the estimated rental yield for a property at The Shaughnessy if purchased as an investment?

Terraced houses in established Singapore locations typically generate annual gross rental yields ranging from 2.5% to 4%, depending on market conditions and the specific unit's desirability. A property priced at S$2.68 million could attract monthly rents between S$5,500 and S$9,000 from corporate tenants, expatriate families, or high-income professionals seeking premium private accommodation. Rental yields for terraced houses tend to be more stable and predictable than apartments, as tenants typically occupy these properties for longer periods and demonstrate lower turnover rates, supporting consistent income streams over extended ownership horizons.

How does the pricing of The Shaughnessy compare to recent per-square-foot transactions in the landed property segment?

Terraced houses at The Shaughnessy, priced from S$2.68 million across 3,283 square feet of built-up space, translate to approximately S$816 per square foot of constructed area. This pricing sits within the established range for premium freehold terraced houses in Singapore's landed residential districts, reflecting both the quality of construction and the scarcity value of freehold tenure. Comparable recent transactions for terraced houses in similar locations and condition have achieved per-square-foot valuations between S$750 and S$900, indicating that The Shaughnessy's pricing aligns with current market expectations for high-quality freehold properties.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second residential property?

Singapore Citizens acquiring a second residential property, such as those at The Shaughnessy, are liable for Additional Buyer's Stamp Duty at the current rate of 20% of the purchase price. For a property priced at S$2.68 million, this represents a stamp duty liability of S$536,000, which must be paid at the point of purchase and cannot be financed through a mortgage facility. This substantial tax cost must be incorporated into overall acquisition budgeting and liquidity planning; buyers should factor ABSD into their total cost of ownership calculations when evaluating investment returns and comparing terraced house purchases against alternative asset allocations.

Is lease decay a concern for properties at The Shaughnessy, and how does tenure affect long-term resale value?

The Shaughnessy properties feature freehold tenure, which completely eliminates lease decay concerns that affect leasehold properties. Freehold ownership means there is no diminishing unexpired lease period that would erode capital value over time, and the property can be held indefinitely without concerns about lease extension costs or eventual expiry. This tenure structure fundamentally supports long-term capital preservation and creates a significant competitive advantage over leasehold apartments or terraced houses, as buyers can confidently hold these properties across multiple decades without watching their asset value decline due to lease mechanics; the permanence of freehold tenure is a material driver of resale demand and capital appreciation for properties in this segment.

How does proximity to MRT connectivity affect demand and capital appreciation for terraced houses in this location?

Terraced house demand in Singapore is driven by a combination of space, privacy, and tenure considerations, with MRT proximity serving as a secondary but increasingly important factor as working patterns diversify across the island. Properties located within reasonable MRT accessibility (typically 10–15 minutes by foot or short bus journey) command stronger buyer interest and demonstrate more resilient capital appreciation trajectories compared to similarly priced properties in more remote areas. The established residential character of locations hosting terraced house developments like The Shaughnessy is typically supported by existing transport infrastructure and town planning that ensures stable long-term connectivity; however, future MRT expansions or transport improvements in the surrounding precinct could materially enhance accessibility and support additional capital value growth.

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

The Shaughnessy appeals particularly strongly to established families with substantial space requirements, high-net-worth individuals seeking prestigious owner-occupied residences, and investor-focused buyers prioritising freehold tenure and rental income stability. First-time property buyers would typically find the S$2.68 million price point and substantial five-bedroom layout excessive relative to their immediate housing needs, though such buyers with significant capital resources may view terraced house ownership as a generational wealth-building strategy. Upgraders transitioning from apartment living to landed property ownership find the five-bedroom configuration, multiple bathrooms, and freehold tenure particularly compelling, as they offer the space expansion and ownership permanence they have been seeking; expatriate executives and corporate professionals also represent a meaningful buyer cohort given the homes' suitability for staff quarters and home-office arrangements.

What TDSR headroom and financing capacity should buyers anticipate at The Shaughnessy's typical price points?

Properties priced at S$2.68 million typically attract loan amounts between S$1.3 million and S$1.9 million (48% to 71% loan-to-value), depending on individual lender policies and buyer financial circumstances. To comfortably service a S$1.6 million mortgage at prevailing interest rates of 3.5% per annum, a borrower would require demonstrated monthly household income of approximately S$21,000 to maintain compliance with the standard 60% Total Debt Service Ratio ceiling. Buyers should recognise that lending institutions apply more rigorous scrutiny to high-value property mortgages, often requiring substantial equity contributions (40% or higher) and comprehensive financial documentation; those with existing debt or liabilities may face tighter TDSR headroom and should seek formal mortgage pre-approval to clarify their actual borrowing capacity before committing to a purchase offer.

How does The Shaughnessy compare to competing terraced house developments in similar locations?

The Shaughnessy competes within a relatively constrained market segment, as new terraced house launches in Singapore are infrequent and typically located in specific established residential pockets. Comparable competing properties would include other freehold terraced houses in similar neighbourhoods priced between S$2.2 million and S$3.5 million, depending on floor area, configuration, and specific location nuances. The Shaughnessy's competitive positioning benefits from its generous 3,283 square foot layout, freehold tenure certainty, and the reputation of its developer; prospective buyers should conduct comparative site inspections across multiple terraced house options to evaluate relative value, condition, and neighbourhood preferences before finalising acquisition decisions.

Which unit stacks or floor levels at The Shaughnessy offer the best value proposition?

Terraced house developments like The Shaughnessy typically comprise ground-oriented properties where unit-specific elevation or positioning variations are less material than in multi-storey apartment buildings. However, certain terraced house positions may command subtle value premiums or discounts based on factors such as corner positioning (offering additional light and privacy), orientation relative to prevailing winds or afternoon sun, proximity to main roads (potentially affecting noise exposure), or adjacency to common facilities. Buyers should physically inspect multiple units and evaluate their personal preferences regarding natural light, outlook, privacy factors, and proximity to neighbourhood amenities; engaging a surveyor or building inspector to compare structural condition and renovation requirements across available units can help identify properties offering superior value relative to the asking price.

What is the future supply pipeline for terraced houses in this district, and how might it affect capital appreciation?

Singapore's terraced house supply remains chronically undersupplied relative to demand, as land scarcity and planning constraints fundamentally limit new launches across all districts. The pipeline for new terraced house developments in established residential areas is minimal, meaning The Shaughnessy and competing properties will continue to benefit from scarcity value over extended time horizons. This structural undersupply creates a favourable supply-demand imbalance that historically supports capital appreciation and rental demand; unlike apartment developments where supply can expand substantially, terraced house acquisition opportunities remain episodic and finite, positioning properties at The Shaughnessy advantageously for long-term wealth preservation and potential appreciation as the broader population increasingly seeks landed property ownership.

Terrace At Miltonia Close — From S$2.7M