Type

Units

Min Area

Price Range

4+ BR

3000 sqft

From S$4.1XM

Property Highlights

Spacious 3,000 sqft terraced residence with five bedrooms and five bathrooms
Priced at S$4,099,888 on Greenwood Avenue, a mature established neighbourhood
Substantial plot size of 3,000 sqft offering generous land for expansion or landscaping
Ideal for family living with generous room configurations and dual sanitation facilities
Freehold or long-lease opportunity in a well-regarded residential enclave

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Ref: 500141930

The Greenwood: A Substantial Family Terraced Home on Greenwood Avenue

The Greenwood stands as a compelling proposition for discerning buyers seeking a spacious, well-proportioned terraced residence in Singapore's residential landscape. Situated at 247 Greenwood Avenue, this substantial property combines generous floor area with thoughtful layout design, presenting an attractive option for families and investors alike.

Property Scale and Configuration

This terraced house offers a commanding 3,000 square feet of internal floor space, a measurement that positions it well above the median for properties of its type in the mature estates. The five-bedroom configuration caters effortlessly to larger household compositions, whilst the five full bathrooms ensure practical convenience across all occupants. With dedicated sanitation facilities distributed throughout the residence, morning and evening routines avoid unnecessary competition for bathroom access—a meaningful quality-of-life consideration often underestimated in property evaluation.

Land Area and Development Potential

The 3,000 square feet of land area represents a significant advantage in Singapore's constrained property market. This plot dimension affords meaningful scope for landscaping, garden development, or potential future redevelopment depending on planning constraints and zoning regulations applicable to Greenwood Avenue. The land-to-building ratio permits creative outdoor living arrangements, whether for tropical gardens, entertaining spaces, or recreational facilities that many modern families now prioritise as essential lifestyle amenities.

Location and Neighbourhood Character

Greenwood Avenue represents an established residential neighbourhood characterised by mature infrastructure and settled community patterns. Properties in this catchment benefit from proximity to schools, shopping facilities, dining options, and the established services that define a fully developed housing estate. The maturity of the area means existing transport networks, utilities, and civic amenities are already comprehensively deployed, eliminating the uncertainty sometimes associated with emerging developments or fringe locations.

Investment and Ownership Considerations

Priced at S$4,099,888, The Greenwood positions itself within the upper-middle tier of the terraced housing segment. This price point reflects the combination of substantial floor area, bedroom count, and land area. For investors evaluating this property through a capital appreciation lens, the established neighbourhood status, freehold or extended lease tenure, and five-bedroom configuration offer multiple pathways to value realisation, whether through owner-occupancy, long-term holding, or rental deployment.

Residential Suitability

The comprehensive room count and multiple sanitation facilities make this property particularly suited to multi-generational households, large family units, or property purchasers who operate home-based professional practices requiring dedicated study or office space. The separation between sleeping areas provides privacy management capabilities, whilst the scale permits informal entertaining without compromise on daily living comfort. For families transitioning from apartment living or compact terrace configurations, the generous proportions represent a meaningful upgrade in spatial experience.

Market Context

Terraced houses of this specification and location represent a discrete property category, commanding distinct buyer interest from families seeking permanence and space without the complexity of condominium living or the isolation of remote rural properties. The five-bedroom, five-bathroom formula aligns closely with aspirational family housing preferences amongst high-net-worth individuals, successful professionals, and multi-income households seeking long-term residential stability.

Future Prospects

Properties along Greenwood Avenue benefit from established neighbourhood momentum, with infrastructure, transport connectivity, and community services already consolidated. This maturity generally supports predictable capital trajectory rather than speculative appreciation, making such investments suitable for risk-averse purchasers prioritising stability over growth volatility. The combination of substantial built area and land holdings provides inherent value resilience across different market cycles.

The Greenwood represents a comprehensive family residence for those prioritising space, privacy, and location stability. With five generously proportioned bedrooms, five full bathrooms, and 3,000 square feet of land area, this terraced property delivers the substantial accommodation and lifestyle amenities expected by Singapore's most discerning residential purchasers.

Frequently Asked Questions

What rental yield might an investor realistically achieve by acquiring The Greenwood as an investment property?

A five-bedroom terraced house of 3,000 square feet in an established neighbourhood typically commands monthly rent in the S$8,000–S$11,000 range for long-term residential leases, depending on tenant profile and lease terms. This suggests an estimated gross annual rental yield of approximately 2.3–3.2% based on the S$4.1 million purchase price. However, actual yield depends significantly on property condition, furnishing standard, and prevailing tenant demand in the Greenwood Avenue locality. Investors should factor in property management fees, insurance, maintenance reserves, and potential vacancy periods when calculating net yield expectations.

How does the S$4.1M price compare to recent per-square-foot transaction benchmarks for terraced houses in this area?

Based on recent transaction data for established neighbourhood terraced properties, per-square-foot values typically range between S$1,200–S$1,500 psf depending on land tenure, age, condition, and specific location attributes. The Greenwood's pricing equates to approximately S$1,366 psf (S$4,099,888 divided by 3,000 sqft), positioning it within the market mainstream for comparable specifications and tenure. This pricing reflects standard market conditions for mature, well-maintained terraced properties in stable residential areas, suggesting neither discount nor premium relative to contemporaneous comparable transactions in the immediate catchment.

What Additional Buyer's Stamp Duty implications should second-property purchasers anticipate at this price level?

For purchasers acquiring The Greenwood as a second residential property, Additional Buyer's Stamp Duty (ABSD) applies at a rate of 15% on the purchase price for Singapore citizens and permanent residents. On a S$4.1 million transaction, this equates to approximately S$615,000 in ABSD liability, substantially increasing the effective acquisition cost. Non-citizens face even steeper ABSD rates at 25%, resulting in S$1,025,000 in duty for identical purchase parameters. These considerations are substantial and must feature prominently in acquisition financial planning; purchasers should engage qualified conveyancing counsel to model precise obligations and explore potential exemptions or deferrals applicable to their personal circumstances.

Does this property carry any lease decay risk, and how might remaining tenure impact future resale value?

The lease tenure structure significantly determines resale trajectory and long-term value retention. If The Greenwood operates on a freehold basis, lease decay presents no valuation concern; the property retains intrinsic land value indefinitely. Conversely, if held under leasehold tenure, remaining lease duration becomes progressively material to buyer perception and valuation methodology as unexpired years decline below 80 years. Properties with remaining tenure falling beneath 70 years typically experience accelerating valuation compression, as financing becomes increasingly difficult and buyer pools contract substantially. Prospective purchasers must clarify tenure status conclusively through conveyancing investigations and factor lease decay projections—assuming standard 1–1.5% annual depreciation for heavily encumbered leases—into long-term holding calculations.

How does proximity to the nearest MRT station influence buyer demand and capital appreciation prospects?

Whilst specific MRT station details are not immediately confirmed for Greenwood Avenue, mature neighbourhood terraced properties typically benefit from established transport infrastructure connectivity, even where stations may be located at moderate walking distances. Properties with sub-750-metre accessibility to operational MRT stations command demonstrable premiums, typically 8–15%, relative to comparable properties requiring longer transit commutes. Conversely, reliance on bus networks or vehicle transport may limit appeal amongst commuter demographics prioritising rapid city access. Purchasers and investors should independently verify the exact distance to nearest MRT infrastructure and assess alignment with their mobility requirements; excellent MRT proximity supports stronger capital appreciation historically, whilst weaker transit connectivity may moderate upside appreciation and restrict potential tenant pools for investment scenarios.

For which buyer profiles does The Greenwood represent the most suitable acquisition?

This property aligns optimally with several distinct buyer categories: established families seeking permanent residential bases with substantial accommodation for multiple generations or home office/study deployments; high-net-worth individuals prioritising residential stability and space over apartment living constraints; successful professionals requiring substantial entertaining capacity for business or social engagements; and conservative investors seeking long-term hold strategies in mature, stable neighbourhoods rather than speculative growth plays. First-time buyers typically find the S$4.1 million price point beyond conventional financing parameters and their immediate requirements unless possessing substantial inherited wealth or professional dual incomes. The property's configuration and scale position it less favourably for young couples, empty-nesters seeking downsizing, or investors pursuing rapid capital turnover; such cohorts generally gravitate toward smaller units or higher-density formats offering greater flexibility and lower entry barriers.

What Total Debt Service Ratio (TDSR) and financing headroom considerations apply to purchasers at this S$4.1M price level?

Mainstream bank financing for residential property purchases typically caps lending at 75–80% loan-to-value for owner-occupiers, implying requisite cash equity of S$820,000–S$1,025,000 before accounting for ABSD and transaction costs. Assuming 75% LTV and S$3,074,916 in mortgage debt, monthly repayment at 3.5% interest over 25 years approximates S$14,800, plus associated property tax, insurance, and maintenance reserves. TDSR regulations typically cap total monthly debt obligations at 60% of gross household income, requiring minimum annual household income around S$295,000–S$320,000 to comfortably service this mortgage alongside other credit obligations. Purchasers approaching financing limits should seek independent mortgage pre-qualification and stress-test affordability assumptions against potential interest rate increases; conservative buyers maintain income multiples of 4–5 times the purchase price to ensure robust debt servicing capacity and financial resilience.

How does The Greenwood compare to nearby competing terraced developments in terms of value proposition?

Established neighbourhood terraced properties like The Greenwood compete primarily against comparable traditional terraces within the immediate catchment and against newer mixed-tenure developments emerging in adjacent districts. Traditional terraces offer proven residential track records, settled communities, and established infrastructure but may present older construction standards or deferred maintenance costs relative to newly completed projects featuring modern building systems. Newer terraced developments within the broader region might offer contemporary architectural design, modern fixtures, and potential community amenities, though at potentially elevated purchase prices reflecting newness premiums and developer margin. The Greenwood's competitive positioning rests upon established location credentials, substantial spatial allocation, and mature neighbourhood characteristics; discerning purchasers should conduct site visits across the competitive set and evaluate whether newness benefits justify price differentials or whether the proven residential stability of established locations provides superior long-term value.

Are specific unit stacks or floor levels within The Greenwood positioned to deliver superior long-term value?

As a five-bedroom terraced house rather than a multi-unit residential tower, traditional floor-level valuation hierarchies applicable to apartment blocks do not apply directly to this property type. However, terraced house configuration merit varies according to bedroom distribution across levels, whether principal suites occupy ground, first, or second storeys, and the functionality of ground-floor spaces relative to entertaining and daily living patterns. Properties featuring spacious ground floors configured as formal entertaining zones with direct garden access typically command modest valuation premiums, as do residences where master bedroom suites occupy separate floors from secondary bedrooms, maximising privacy. Purchasers should evaluate the specific layout and room distribution within their personal lifestyle requirements rather than seeking generic floor-level strategies; the optimal configuration depends entirely upon household composition, entertaining intentions, and work-from-home requirements rather than abstract market conventions.

What future residential supply pipeline and urban development plans might influence long-term property values in this district?

Mature neighbourhoods like Greenwood Avenue typically feature relatively constrained future residential supply, as remaining developable land is already substantially deployed and zoning regulations typically restrict intensive redevelopment of established terraced enclaves. This supply limitation generally supports long-term value stability by preventing neighbourhood oversaturation from incoming competing inventory. However, broader district infrastructure developments—such as new MRT extensions, major shopping centres, or institutional facilities—might trigger localised appreciation or demographic shifts influencing neighbourhood character and buyer composition. Urban renewal initiatives or strategic zoning amendments affecting adjacent areas could introduce new supply pressures or lifestyle amenity improvements benefiting existing properties indirectly. Prospective purchasers should investigate the Urban Redevelopment Authority's master planning documents, transport authority expansion timelines, and any publicised institutional development plans for the broader catchment to assess long-term district trajectory and identify potential upside or downside value catalysts beyond immediate market conditions.

5-Bed Terraced House, Greenwood Avenue – S$4.1M | PropSG