Type

Units

Min Area

Price Range

3 BR

1896 sqft

S$2M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$2M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$396K on this acquisition.
Located 3 min (230 m) from DT37 Sungei Bedok MRT Station (U/C).

Price Trends & Rental Yield

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Fairmount Condo: Premium Freehold Living on Eastwood Road

Fairmount Condo stands as a distinguished residential development positioned on Eastwood Road, one of the East Coast's most sought-after addresses. The project commands a prime location within a mature, well-established neighbourhood that has consistently delivered strong capital growth and stable rental yields over the past decade. Occupying a strategic pocket of real estate, the development benefits from proximity to schools, shopping centres, and dining precincts that cater to affluent family households and discerning investors alike.

The development's most compelling advantage is its proximity to Sungei Bedok MRT Station (DT37), situated merely 230 metres away—a leisurely 3-minute walk. This direct connection to the Downtown Line ensures seamless commuting to the Central Business District, as well as connections through the network to secondary business hubs in the north and east. For buyers prioritising accessibility, location convenience, and long-term transport infrastructure resilience, this MRT linkage significantly enhances both daily liveability and future resale appeal.

Unit Mix and Sizing

The development offers a thoughtfully curated portfolio of residential units, with configurations spanning from two-bedroom to four-bedroom floor plans. Unit sizes range beyond 1,800 square feet, accommodating families seeking generous living spaces, dedicated home offices, and flexibility for extended stays by relatives or guests. The floor plate design reflects modern expectations of open-plan living areas, separate utility zones, and master suites with ensuite facilities. Such proportions appeal to upgraders moving out of smaller public or private housing, as well as to high-net-worth individuals desiring uncompromised comfort in a freehold setting.

Freehold Tenure and Capital Preservation

A defining characteristic of Fairmount Condo is its freehold status—or optional 999-year leasehold for certain tranches—eliminating long-term lease decay concerns that constrain resale values in ageing leasehold properties. This structural advantage ensures that buyers need not contend with declining asset values as the lease horizon shrinks, a material consideration for investors targeting multi-decade holding periods or families planning multigenerational ownership. The freehold tenure also supports premium pricing relative to nearby 99-year leasehold alternatives, reflecting buyer confidence in perpetual hold-ability and undiminished equity.

Pricing and Investment Profile

Current asking prices commence from approximately S$1.98 million, positioning the development within the upper-middle to premium residential tier of Singapore's market. This valuation reflects the freehold tenure, generous unit sizes, proximity to the Downtown Line, and the prestige of the Eastwood Road locale. For owner-occupiers, the price point remains accessible to affluent young professionals, established couples, and expanding families within the upper income deciles. For investors, the combination of freehold title, strong neighbourhood fundamentals, and reliable rental demand from expatriate and local tenants creates a compelling case for capital appreciation and rental yield accumulation.

Neighbourhood and Lifestyle

The East Coast enclave surrounding Fairmount Condo is characterised by tree-lined streets, low-to-mid rise residential fabric, and proximity to acclaimed international schools. Nearby shopping malls and dining clusters cater to cosmopolitan tastes, whilst the neighbourhood maintains a quiet, residential character that appeals to buyers seeking respite from the urban core. The proximity to coastal areas, parks, and recreational facilities further enhances the neighbourhood's appeal to active households and families with children. This blend of convenience and serenity has sustained the East Coast as one of Singapore's most resilient residential markets, with steady tenant inflow and consistent capital appreciation.

Financing and Affordability Considerations

Prospective buyers at this price point should anticipate that most financial institutions will require a minimum 30% down payment for freehold residential properties, with mortgage tenure typically capped at 35 years. Loan-to-value ratios will likely sit at or below 70%, and the Total Debt Service Ratio (TDSR) threshold of 60% will apply to ensure serviceability. At an indicative price of S$1.98 million, buyers with household incomes of S$350,000 and above, coupled with existing debt levels below S$15,000 per month, should comfortably satisfy lending criteria. Those purchasing as a second residential property will incur Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the purchase price, alongside the standard Buyer's Stamp Duty, effectively raising the acquisition cost by approximately S$396,000 for a S$1.98 million unit.

Competitive Positioning

Within the East Coast corridor, Fairmount Condo competes with a handful of freehold and long-lease developments of comparable age, size, and price point. Its principal differentiator lies in the immediate MRT connectivity and the freehold tenure structure, which mitigates long-term lease decay risk entirely. Nearby competing developments typically command either higher price per square foot due to newer construction or lower prices due to shorter remaining leases, positioning Fairmount Condo as a balanced value proposition for buyers seeking established appeal with structural certainty.

Investor Yield Potential

Rental market dynamics in the East Coast remain robust, with strong demand from expatriate families, young couples, and owner-occupiers seeking primary residences. A three-bedroom unit at Fairmount Condo can typically command monthly rental rates of S$5,500 to S$6,500, translating to gross rental yields between 3.3% and 3.9% per annum on the purchase price, before accounting for property taxes, maintenance fees, and vacancy periods. For investor-purchasers with a 10-to-15-year holding horizon, the combination of modest rental income and anticipated capital appreciation—driven by freehold tenure, MRT proximity, and neighbourhood maturation—positions the development as a credible multi-asset-class investment alongside equities and fixed income.

Market Outlook and Future Supply

The East Coast district continues to benefit from selective government land sales and private development, but the supply pipeline remains constrained compared to outer rim new towns. This structural scarcity, coupled with the established residential character and transport links, suggests continued demand resilience and gradual price appreciation. Buyers purchasing at current price levels can reasonably expect the development to remain a liquid, readily marketable asset for resale or refinancing in future quarters.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at Fairmount Condo as an investment property?

Gross rental yields at Fairmount Condo typically range from 3.3% to 3.9% per annum, calculated on monthly rental rates of S$5,500 to S$6,500 for a three-bedroom unit at the current purchase price starting from S$1.98 million. These figures reflect strong demand from expatriate families and owner-occupiers seeking East Coast residences within proximity to schools and transport links. However, net yields will be lower once property taxes, annual maintenance fees, property management commissions, and anticipated vacancy periods are deducted; investors should budget a net yield between 2.5% and 3.2% annually depending on individual circumstances and asset holding costs.

How does the price per square foot at Fairmount Condo compare to recent transactions in the East Coast area?

At an indicative price of S$1.98 million for units exceeding 1,800 square feet, Fairmount Condo trades at approximately S$1,100 to S$1,250 per square foot, placing it in the mid-range of East Coast freehold and long-lease properties of comparable age and condition. Recent East Coast transactions for freehold or 999-year properties have ranged from S$950 to S$1,400 per square foot depending on exact location, renovation condition, and floor level; Fairmount Condo's valuation reflects the proximity to Sungei Bedok MRT, the generous unit sizing, and the freehold tenure security. Neighbouring developments with 99-year leases typically trade at lower price points, whilst newer launches command higher rates, so the development sits as a balanced value option for buyers seeking established East Coast appeal without the lease decay risk or premium pricing of new launches.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I already own a residential property?

If you are a Singapore Citizen purchasing Fairmount Condo as a second residential property, you will incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, calculated on the purchase price only (not on a reduced valuation). For a S$1.98 million unit, ABSD amounts to approximately S$396,000, payable at the point of lodging your Caveat or executing the Sales and Purchase Agreement. This ABSD liability sits on top of the standard Buyer's Stamp Duty (0.1% for the first S$180,000 and 0.2% thereafter), bringing total stamp duty to approximately S$450,000 for a unit at this price point. Permanent residents and foreigners face higher ABSD rates (typically 25% to 60% depending on citizenship), so Singapore Citizens enjoy a material advantage; nonetheless, the 20% ABSD must be factored into the total acquisition cost and financing headroom for second-property purchases.

Is there a lease decay risk at Fairmount Condo, and how does freehold tenure protect my long-term resale value?

Fairmount Condo is offered on a freehold basis (or optional 999-year leasehold), meaning there is zero lease decay risk and no legal diminution of the property's value as time passes. This is a material structural advantage compared to 99-year leasehold developments, which experience measurable resale value erosion once the lease dips below 80 years, and accelerating declines as the lease approaches 70 years. Freehold properties command premium pricing and remain perpetually mortgageable by future owners; a buyer purchasing at current prices can reasonably expect the development to retain its value and remain liquid for resale without the compounding headwind of lease expiry that affects ageing leasehold stock. For multigenerational or long-term holding strategies, freehold tenure eliminates the need for costly enbloc restructuring or lease top-ups, preserving capital and simplifying succession planning.

How does the proximity to Sungei Bedok MRT Station affect demand and capital appreciation prospects?

Sungei Bedok MRT Station (DT37) sits just 230 metres (a 3-minute walk) from Fairmount Condo, providing direct access to the Downtown Line and seamless commuting to the Central Business District, Marina Bay, and secondary hubs in the north and east. This exceptional MRT connectivity elevates the development's appeal to working professionals, reduces commute friction, and supports both owner-occupier demand and investor appeal. Historically, properties within 400 metres of new or recently completed MRT stations experience material capital appreciation in the 2–5 years following station opening, as latent demand crystallises; Sungei Bedok's maturity as a functioning node ensures the proximity benefit is fully priced in, yet the development remains positioned to benefit from broader eastward migration and intensification of the Downtown Line corridor as secondary business clusters develop along its route.

Which buyer profile is Fairmount Condo best suited for—first-time buyers, upgraders, HNW investors, or owner-occupiers?

Fairmount Condo is best suited for upgraders moving from smaller public or private housing into spacious, freehold East Coast living; affluent young professional couples seeking a combined owner-occupier and investment asset; high-net-worth individuals prioritising capital preservation and lifestyle amenity in an established neighbourhood; and international or local investors targeting long-term capital appreciation coupled with steady rental income. The price point (from S$1.98 million) and unit sizing (1,800+ sq ft) exceed the appetite and financial capacity of most first-time buyers, who typically target S$800,000–S$1.2 million new-build or suburban launches. The freehold tenure and East Coast pedigree appeal particularly to 35–55-year-old households with accumulated equity and stable incomes, as well as to family offices and institutional investor groups seeking legacy real estate holdings in blue-chip locations. The development is less suitable for property flippers seeking quick turnovers, given its established market positioning and stable (rather than explosive) appreciation trajectory.

What TDSR and financing headroom should I expect at Fairmount Condo's price points?

At an indicative price of S$1.98 million with a 70% LTV mortgage (S$1.386 million) and 35-year amortisation at a typical 3.5% interest rate, the monthly mortgage payment amounts to approximately S$6,200. Under the Total Debt Service Ratio (TDSR) framework, lenders cap total monthly debt service at 60% of gross monthly household income; therefore, a buyer with existing debt of S$2,000 per month would require a gross monthly income of S$13,667 (or S$164,000 annually) to satisfy serviceability. For higher price points within the development (e.g., larger or higher-floor units) at S$2.5 million, the 70% LTV mortgage would require a gross annual household income of approximately S$208,000 to remain within TDSR limits with modest existing debt. Most buyers at Fairmount Condo's price range will have accumulated savings sufficient for a 30–40% down payment, reducing mortgage exposure and strengthening financing headroom; however, the ABSD liability for second-property purchasers (S$396,000 on a S$1.98 million acquisition) materially impacts net liquidity and should be pre-funded to avoid refinancing or bridge-loan complications.

How does Fairmount Condo compare to nearby competing developments in the East Coast area?

Fairmount Condo competes within a constrained peer set of freehold or 999-year developments in the East Coast, most notably with ageing freehold enclaves and newer long-lease launches priced at S$1.5 million to S$2.5 million. Neighbouring freehold developments of comparable age typically command higher price-per-square-foot due to renovation cycles or superior amenity packages, whilst newer launches offer architectural modernism and contemporary facilities at a 10–15% premium. The principal competitive advantage of Fairmount Condo lies in its freehold tenure (eliminating lease decay risk), the immediate Sungei Bedok MRT proximity, and stable pricing that reflects its established market positioning without speculative launch premiums. Compared to 99-year leasehold alternatives in the vicinity, Fairmount Condo's freehold status justifies a 15–20% price premium due to perpetual mortgageability and absence of future lease top-up costs. For buyers prioritising long-term capital security and MRT convenience over architectural newness or luxury amenity branding, the development offers compelling relative value.

Are there particular unit stacks, floor levels, or orientations that offer better value at Fairmount Condo?

Within established freehold developments like Fairmount Condo, unit value is primarily driven by bedroom count, size, and aspect (north-south orientation), with floor level playing a secondary role compared to new launches. Lower-floor units (levels 1–8) typically trade at 3–5% discounts relative to mid-floor units (levels 9–18), reflecting perceived safety, noise, and privacy concerns; however, these units appeal to buyers prioritising accessibility and minimised lift waits, particularly families with young children or elderly relatives. Mid-floor units (levels 9–18) command the highest per-square-foot valuations, balancing view premium, privacy, and lift convenience. Higher-floor units (19+) trade at modest premiums of 2–3%, though the advantage diminishes in a mid-rise development and may be offset by lower density, reduced foot traffic, and potential water pressure variance. From a value perspective, discounted lower-floor units in larger (3–4 bedroom) configurations offer better entry pricing for investors targeting rental yield, since tenant pools prioritise size and functionality over floor prestige; conversely, owner-occupiers typically command mid-floor premium positions and may justify elevated pricing for aspect and view.

What is the future supply pipeline in the East Coast district, and how might it affect Fairmount Condo's long-term appreciation?

The East Coast district faces constrained residential supply relative to outer-ring new towns (Tengah, Queenstown intensification, Punggol) and central transformations (Tanjong Pagar, Changi), reflecting the mature established character of the area and limited Government Land Sales parcels designated for residential development. Recent supply additions have been modest infill projects and en-bloc redevelopment of older buildings, rather than large-scale greenfield launches; this structural scarcity supports continued demand resilience and gradual capital appreciation, as inbound migration and wealth creation outpace new unit delivery. The Urban Redevelopment Authority's planning strategy prioritises intensification along MRT corridors and fringe mixed-use nodes, rather than bulk residential rezoning in the East Coast, further constraining competitive new supply. For Fairmount Condo, this supply-demand imbalance translates to stable rental demand, multi-year price resilience, and reduced risk of value dilution from nearby competitive launches; buyers can reasonably expect the development to maintain liquidity and appreciate in line with broader East-region fundamentals (2–4% annually) over a 10–15-year horizon, without exposure to the dramatic supply shocks that periodically depress newer launch markets.

Condominium At 30 Eastwood Road — From S$2M