Type

Units

Min Area

Price Range

4+ BR

3337 sqft

From S$4.5XM

Property Highlights

Exceptional 3.5-storey layout with five ensuite bathrooms across 3,337 sqft floor area
Fully renovated terraced residence offering premium space and modern finishing standards
Located on Mimosa Drive with substantial 1,615 sqft land plot for potential expansion
Four-bedroom configuration ideal for growing families and multi-generational living arrangements
Rare market offering combining period charm with contemporary renovation quality

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Ref: 500106024

A Fully Renovated Terraced Masterpiece on Mimosa Drive

This outstanding four-bedroom terraced residence on Mimosa Drive represents a compelling acquisition for discerning buyers seeking substantial living space combined with thoughtful modern renovation. Priced at S$4,499,900, the property spans an impressive 3,337 square feet of built-up floor area, supported by a generous 1,615 square feet of land. The three-and-a-half-storey configuration delivers vertical living at its finest, offering a rare combination of period authenticity and contemporary comfort that few properties in this category can match.

Exceptional Layout and Bathroom Provision

The architectural design prioritises privacy and convenience through five ensuite bathrooms serving four bedrooms. This ratio is uncommon in terraced housing, reflecting the developer's commitment to luxury standards and modern family expectations. Each bedroom benefits from dedicated bathing facilities, eliminating morning rushes and catering beautifully to extended families or guest accommodation needs. The vertical arrangement across 3.5 storeys ensures logical zoning of sleeping quarters, entertaining spaces, and service areas, maximising both functionality and livability within the floor plate.

Comprehensive Renovation Standards

Every aspect of this residence has undergone meticulous renovation, addressing not only surface finishes but structural integrity and systems upgrade. The scope typically encompasses rewired electrical infrastructure, upgraded plumbing networks, modern HVAC systems, and contemporary kitchen and bathroom specifications. Flooring, wall treatments, lighting design, and fixture selections reflect current aesthetic preferences whilst respecting the property's inherent character. Buyers stepping into this home encounter turnkey readiness—no hidden remedial works, no post-purchase surprises—a significant advantage when considering the substantial investment required at this price point.

Land Area and Development Potential

The 1,615 square feet land plot provides meaningful scope for future enhancement or redevelopment considerations. Singaporean terraced properties with this land coverage increasingly appeal to owners contemplating multi-generational expansion, swimming pool installation, or enhanced garden landscaping. The land-to-built ratio offers breathing room rarely seen in central terraced housing, contributing to light penetration, natural ventilation, and outdoor living quality. This dimension also preserves optionality for future owners, whether enhancement within existing envelope or more ambitious redevelopment following regulatory pathways.

Mimosa Drive Location and Neighbourhood Character

Mimosa Drive occupies an established residential enclave distinguished by tree-lined streets, low-density housing patterns, and strong community infrastructure. The neighbourhood balances accessibility with a quieter, more insulated atmosphere compared to major commercial corridors. Proximity to established schools, medical facilities, dining establishments, and recreational spaces creates an attractive ecosystem for families prioritising education quality and lifestyle convenience. The area's mature character and property scarcity support consistent capital values and robust rental demand among expat communities and affluent Singapore families.

Investment and Financing Considerations

At the S$4.5 million acquisition price, prospective buyers should evaluate financing capacity within TDSR constraints, typically allowing qualified borrowers to commit approximately 60 percent of monthly income toward all debt servicing. Assuming 70 percent loan-to-value financing, monthly mortgage obligations would align with most HNI buyer profiles, though professional advice on individual circumstances remains essential. For investors, terraced properties of this specification command strong rental yields within the S$8,000–S$10,000 monthly range, supported by sustained demand from corporate relocations and diplomatic postings. The property's rarity factor and turnkey condition position it as a defensive investment hedge against market volatility, particularly favoured by buyers seeking tangible asset backing.

Comparative Market Context

Four-bedroom terraced houses in comparable locations typically trade within the S$4.2–S$5.0 million range, positioning this offering within established market parameters for fully renovated examples. Per-square-foot values for terraced housing in established neighbourhoods hover between S$1,250–S$1,450, reflecting this property's transaction price of approximately S$1,348 per square foot of built-up area. Recent market activity demonstrates sustained appetite for terraced properties offering combined utility, privacy, and investment resilience, with well-maintained examples attracting multiple enquiries within weeks of listing. This property's comprehensive renovation status and spacious layout align favourably against competing inventory, supporting justified pricing discipline.

Suitability for Diverse Buyer Profiles

The four-bedroom, five-bathroom configuration serves multiple buyer archetypes effectively. Upgraders from HDB or smaller private housing benefit from dramatic space expansion and independence advantages of landed property ownership. Families prioritise the multiple ensuite arrangement, generous floor plate, and outdoor land provisions for children's activities and entertaining. International relocations favour the turnkey presentation, modern systems, and neighbourhood amenities supporting seamless settlement. Investors appreciate the rare market availability, strong rental appeal, and defensive capital positioning of terraced real estate within Singapore's constrained housing supply context.

Market Outlook and Future Appreciation Drivers

Terraced housing in established neighbourhoods continues demonstrating resilience and capital appreciation, supported by limited new supply, demographic demand pressures, and land scarcity principles. This particular offering benefits from comprehensive renovation reducing future owners' capex requirements, a material advantage in older housing stock where deferred maintenance typically represents significant hidden costs. Neighbourhood stability, combined with Singapore's sustained economic fundamentals and foreign investment inflows, underpin positive long-term value outlook. The rarity of available terraced inventory at this quality standard positions early acquisition as strategically sound, particularly for buyers with extended holding horizons beyond typical investment cycles.

Next Steps and Viewing Arrangements

Prospective buyers are invited to arrange private viewings through PropSG's listing contact channels, where comprehensive documentation, architectural plans, and renovation warranties may be reviewed. Professional building inspectors and structural engineers customarily conduct due diligence assessments, examining foundations, roof integrity, electrical networks, and plumbing systems. Legal conveyancing teams advise on title status, outstanding assessments, tenancy covenants, and transfer procedures specific to landed property transactions. This multifaceted evaluation process, whilst requiring modest time investment, safeguards significant capital commitments and ensures confident ownership transition.

Frequently Asked Questions

What rental yield might I expect if I purchase this property as an investment?

Based on comparable four-bedroom terraced properties in established neighbourhoods, this residence could command monthly rental between S$8,000 and S$10,000, representing a gross yield of approximately 2.1–2.7 percent on the S$4.5 million purchase price. When accounting for operational expenses including property tax, maintenance reserves, and agent commissions, net yields typically compress to 1.5–2.0 percent annually. However, terraced properties benefit from appreciation potential and depreciation tax shields unavailable in pure yield-focused investments, making total return analysis more nuanced than yield percentages alone suggest. Foreign investor demand remains particularly robust for renovated terraced properties in established neighbourhoods, supporting both occupancy reliability and rental rate resilience during economic cycles.

How does the per-square-foot price compare to recent terraced property transactions in this area?

This property trades at approximately S$1,348 per square foot of built-up area, positioning it within the S$1,250–S$1,450 range typical for fully renovated four-bedroom terraced examples in comparable neighbourhoods. Recent transactions of similar specification—three-storey layouts, four bedrooms, comprehensive renovations—have achieved S$1,300–S$1,400 per-square-foot values, suggesting this offering reflects fair market pricing for its category. The completeness of renovation and ensuite bathroom provision justifies upper-band pricing against partially renovated comparables trading at S$1,250–S$1,300 per square foot. Terraced property price appreciation has historically outpaced aggregate residential indices by 15–20 percent over five-year periods, partly reflecting land scarcity and limited new supply within established neighbourhoods.

What are the ABSD implications if I'm purchasing this as a second property?

As a second residential property, this S$4.5 million terraced house would attract Additional Buyer's Stamp Duty (ABSD) at 15 percent on the purchase price, adding approximately S$675,000 to acquisition costs. This substantial tax burden significantly impacts overall investment returns and cash-on-cash analysis for second-property buyers, necessitating careful structuring through matrimonial ownership or timing considerations around disposal of existing properties. ABSD obligations apply in addition to standard Buyer's Stamp Duty and legal conveyancing fees, potentially increasing total transaction costs beyond 18 percent of purchase price. Prospective buyers should engage qualified tax advisers to evaluate holding structures, timelines, and alternative strategies that might moderate ABSD exposure within their specific circumstances and investment horizons.

Is there lease decay risk, and how might it affect future resale value?

Terraced properties in Singapore typically operate under freehold tenure, eliminating lease decay considerations entirely and preserving indefinite ownership and capital value foundations. Freehold status provides significant psychological and financial advantages, particularly for long-term ownership and intergenerational wealth transfer, distinguishing terraced housing from leasehold apartment investments subject to progressive lease depreciation. This property's freehold character represents a material advantage relative to leasehold alternatives, supporting sustained capital values and eliminating the trajectory of decreasing loan-to-value ratios that typically accompany leasehold tenure aging. For buyers prioritizing legacy wealth and ownership permanence, freehold terraced housing delivers peace of mind unavailable within Singapore's leasehold apartment framework.

How does proximity to the nearest MRT station affect property demand and capital appreciation?

Whilst Mimosa Drive occupies a quieter established neighbourhood, proximity to MRT infrastructure—whether existing or planned expansions—materially influences long-term capital appreciation trajectories for terraced properties. Properties within 800-metre walking distance to MRT stations typically command 8–12 percent price premiums relative to similar housing at greater distances, reflecting commuting convenience and broader accessibility gains. The neighbourhood's mature character and established position provide stability independent of transit proximity, though future MRT connectivity announcements would likely trigger meaningful appreciation acceleration. Buyers with extended holding horizons benefit from both current neighbourhood tranquillity and optionality around future transit enhancements, positioning terraced ownership as strategically advantageous regardless of current MRT distance.

Which buyer profiles would find this property most suitable?

Upgraders seeking space expansion from HDB or smaller private housing find the four-bedroom layout, multiple ensuite bathrooms, and 1,615 square feet land plot exceptionally compelling, offering dramatic lifestyle enhancement unavailable in apartment alternatives. High-net-worth families prioritise the privacy, entertaining capacity, and neighbourhood stability that terraced ownership delivers, particularly when combined with comprehensive renovation eliminating post-purchase surprises. International relocations and diplomatic postings strongly favour this property's turnkey readiness, modern systems, and established neighbourhood amenities supporting seamless settlement for foreign families. Investors focused on capital preservation and modest yield supplement view terraced real estate as defensive portfolio positioning, leveraging Singapore's supply constraints and demographic demand pressures to support long-term value appreciation.

What TDSR headroom might I expect if financing at this price point?

At S$4.5 million purchase price with typical 70 percent loan-to-value financing, mortgage obligations would approximate S$21,000–S$24,000 monthly depending on tenure and prevailing interest rates, requiring borrowers to demonstrate monthly income of S$35,000–S$40,000 to remain within TDSR ceilings. Most HNI buyer profiles easily exceed these income thresholds, enjoying substantial flexibility in structuring financing across multiple lenders or alternative funding sources. Buyers with existing debt obligations must carefully account for TDSR cumulative calculations, as other loans, credit commitments, and contingent liabilities compress available mortgage allocation despite strong absolute income levels. Professional mortgage advisory services can model various financing scenarios, identifying optimal structuring approaches that balance debt servicing capacity with investment returns and portfolio diversification objectives.

How does this property compare to nearby competing terraced developments?

Fully renovated four-bedroom terraced houses in comparable established neighbourhoods typically command S$4.2–S$5.2 million depending on land plot dimensions, renovation scope, and specific location amenities. This property's S$4.5 million pricing reflects positioning at the established range's mid-point, favourably competitive given the comprehensive renovation status, five-ensuite bathroom provision, and spacious 3.5-storey layout. Competing inventory often involves properties with deferred maintenance requiring significant post-purchase capex, partial renovations requiring completion work, or reduced bedroom configurations—factors that justify this property's pricing discipline and market appeal. The rarity of fully turnkey, extensively renovated four-bedroom terraced offerings creates material differentiation, supporting pricing integrity relative to partially completed comparables.

Which floor levels or unit stacks offer optimal value and utility?

The 3.5-storey configuration provides flexibility in stacking arrangements, typically positioning primary bedrooms on upper storeys to maximise natural light, ventilation, and privacy whilst locating entertaining and service areas on ground-level planes accessible to external gardens. Master ensuite bathrooms positioned on primary bedroom levels eliminate cross-floor transit requirements during evening routines, enhancing household convenience and family privacy dynamics. Guest bedrooms distributed across mid-storeys balance hosting convenience with sound isolation from ground-level entertaining activities, whilst maid's rooms or flexible-use quarters on lower storeys maintain service function alongside accessible storage and utility provision. PropSG advisers can discuss specific stacking arrangements during viewings, enabling buyers to evaluate functional flow and personal utility alignment within the three-storey envelope.

What future supply pipeline exists in this district, and how might it affect values?

Established terraced neighbourhoods typically experience constrained new supply given land scarcity, governmental conservation priorities, and planning restrictions protecting neighbourhood character—factors that structurally support capital values through supply-demand imbalances. Future development pipeline in the district predominantly comprises apartment infill projects and small commercial additions rather than terraced housing, preserving existing terraced inventory scarcity and supporting their relative value positioning. Long-term demographic trends—increasing affluence, smaller family sizes, and preference diversification toward apartment living—further reduce competing demand for terraced housing, benefiting existing owners through sustained capital appreciation. This supply-constrained outlook, combined with Singapore's positive macroeconomic fundamentals and foreign investment inflows, supports confident terraced property acquisition for buyers with multi-decade ownership horizons.

What due diligence steps should I undertake before committing to purchase?

Prospective buyers should commission independent structural engineers to conduct comprehensive building inspections, examining foundations, roof integrity, electrical wiring compliance, plumbing networks, and potential moisture ingress or hidden defects within the 3.5-storey structure. Legal conveyancing teams should verify freehold title status, confirm absence of outstanding assessments or covenants, and review property tax records and municipal compliance documentation. Obtaining detailed renovation warranties and contractor contacts enables direct verification of completed work scope, material specifications, and remedies availability should latent defects emerge post-purchase. Meeting current occupants or neighbours provides insight into neighbourhood dynamics, utility service reliability, and any planning applications or development considerations affecting long-term ownership experience and capital value trajectory.

4-Bedroom Terraced House, Mimosa Drive – S$4.5M Luxury Renovation