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Condo

The Levelz, 38 Farrer Road — From S$4.8M

38 Farrer Road

1 for sale
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Condo

The Levelz, 38 Farrer Road — From S$4.8M

The Levelz, 38 Farrer Road
1 Units To Buy
For Sale
Type Units Min Area Price Range
3 BR 1 2443 sqft S$4.8M
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Property Highlights
  • Condo development with 1 unit currently available.
  • Prices currently start from S$4.8M.
  • For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$960K on this acquisition.
  • Located 7 min (570 m) from CC20 Farrer Road MRT Station.
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The Levelz: Contemporary Living on Farrer Road

The Levelz stands as a refined residential development strategically positioned on Farrer Road, one of Singapore's most coveted addresses. Nestled within the Bukit Timah planning area, this development captures the essence of contemporary urban living whilst maintaining proximity to the neighbourhood's leafy, established character. The location delivers exceptional accessibility, situated merely 570 metres—approximately a 7-minute walk—from Farrer Road MRT Station (CC20), placing residents within rapid reach of the Central and Circle Lines network and beyond.

Farrer Road itself carries significant prestige within Singapore's residential landscape. The precinct has long attracted discerning homebuyers and international investors drawn by its established infrastructure, mature landscaping, and consistently strong property fundamentals. The Levelz taps into this established demand whilst offering contemporary architectural expression and thoughtfully designed interiors that appeal to modern occupiers seeking both comfort and style.

Location Advantages and Connectivity

The proximity to Farrer Road MRT (CC20) forms a cornerstone of The Levelz's appeal. The Circle Line station provides direct connectivity southward towards Bishan, Marymount, and ultimately Dhoby Ghaut, whilst northbound services connect to Botanic Gardens and beyond. This station-centric positioning significantly enhances daily commuting flexibility for both CBD workers and those traversing secondary business districts. The 570-metre separation means that residents enjoy the quietness of an established neighbourhood whilst maintaining meaningful access to mass transit.

Beyond MRT accessibility, Farrer Road's location within Bukit Timah places residents near several significant educational anchors, including the National University of Singapore (NUS) campus and Singapore's International School. These institutional presences historically support rental demand from expatriate families and contribute to neighbourhood stability. The precinct also benefits from proximity to Holland Road's commercial corridor, offering dining, retail, and lifestyle amenities within short driving distance.

The Neighbourhood Character

Farrer Road occupies a distinctive position within Singapore's residential hierarchy. The address commands recognition amongst property professionals and international buyers as representing established, blue-chip residential real estate. The neighbourhood's tree-lined streets, mature residential fabric, and low-density character differentiate it from more intensively developed central areas. This established nature typically supports resilient capital values and maintains consistent appeal across economic cycles.

Residents at The Levelz benefit from a neighbourhood that has demonstrated consistent appreciation over multiple property cycles. The relative scarcity of freehold or long-lease residential opportunities on Farrer Road itself means that any new quality development commands attention from a broad buyer base. The precinct's stability—coupled with gentle but steady capital growth—appeals particularly to investors seeking lower-volatility exposure within Singapore's property market.

Development Specifications and Unit Offerings

The Levelz comprises thoughtfully proportioned residential units accommodating various household configurations. The development offers flexibility across multiple unit types, with floor plates ranging substantially in size and bedroom configuration. Typical unit sizes exceed 2,400 square feet for larger configurations, providing generous internal space aligned with contemporary expectations for premium residential accommodation. This spaciousness allows residents to incorporate home offices, guest accommodation, and leisure zones—features increasingly valued in today's lifestyle requirements.

The development's internal layout emphasises natural light and ventilation, architectural principles that command premium valuations in Singapore's market. Unit designs incorporate contemporary finishes and materials that appeal to owner-occupiers seeking modern comfort whilst maintaining the timeless aesthetic appropriate to Farrer Road's established character. Such specifications position units favourably against other developments competing for similar buyer segments.

Investment and Ownership Perspectives

Prospective purchasers at The Levelz typically fall into several distinct categories, each with differing requirements and investment horizons. Owner-occupiers upgrading from smaller properties or relocating to Singapore form a significant cohort, attracted by the neighbourhood's stability and the development's proximity to quality schools. These occupiers generally prioritise long-term residence and are less sensitive to short-term price fluctuations.

Investor purchasers represent another meaningful segment. The Bukit Timah precinct, and Farrer Road specifically, has historically demonstrated rental-yield potential supported by consistent demand from expatriate families posted to Singapore. Properties at this price point and location typically experience healthy tenant demand, particularly from corporate-sponsored relocations and multinational executives seeking residential stability.

First-time purchasers at The Levelz's price point generally comprise successful entrepreneurs, young professionals with accumulated capital, or overseas buyers establishing Singapore residency. The development's location and specifications align well with this profile's expectations for their initial Singapore property acquisition.

Market Context and Comparable Activity

The Farrer Road precinct has experienced consistent transaction activity, with nearby residential properties demonstrating steady price realisations. Recent market activity in the area reflects per-square-foot metrics broadly consistent with comparable Bukit Timah addresses, typically ranging between S$3,000 to S$3,500 per square foot for quality residential stock. The Levelz's pricing reflects both its contemporary specifications and the ongoing premium that Farrer Road commands within the broader Bukit Timah market.

New residential developments in the vicinity, including nearby completions on neighbouring roads, have demonstrated healthy absorption rates and stable post-launch price trajectories. This market backdrop supports confidence in The Levelz's positioning within current market conditions. The development enters a precinct demonstrating genuine, long-term resident and investor demand rather than speculative interest.

Financing and Ownership Considerations

Purchasers acquiring at The Levelz's price point should assess their total debt servicing requirements, particularly if combining property financing with existing obligations. The Total Debt Servicing Ratio (TDSR) framework, currently capped at 60% of gross monthly income, effectively determines loan quantum available to individual purchasers. At typical development pricing, this translates to requiring gross household income in the region of S$25,000 to S$30,000 monthly for comfortable leverage ratios.

Singapore Citizens acquiring a second residential property face Additional Buyer's Stamp Duty at the current rate of 20%, a material cost consideration in investment acquisition decisions. This duty applies to the first S$180,000 of purchase price and 20% thereafter, necessitating careful financial structuring for investors. Overseas purchayers, conversely, face no ABSD liability but must satisfy Foreign Investor Requirements under current regulations.

The Levelz's Farrer Road location and established neighbourhood character provide confidence to lenders, typically resulting in competitive mortgage terms and lending enthusiasm. Most major Singapore banking institutions readily finance properties in this precinct, and loan-to-value ratios generally reach 80% to 85% of valuation for qualified borrowers.

Future Market Dynamics

The Bukit Timah planning area has historically experienced moderate new-supply additions, with the government managing residential density carefully to maintain neighbourhood character. This constrained supply pipeline supports longer-term capital appreciation prospects for existing developments. The Levelz benefits from this supply-management framework, positioning unit owners favourably should market demand strengthen further.

The precinct's proximity to ongoing rejuvenation of Farrer Road itself—including potential infrastructure improvements and streetscape enhancements—adds to medium-term appreciation potential. Established neighbourhoods increasingly attract reinvestment focus as the city refreshes and enhances older residential precincts.

The Levelz represents a considered entry point for discerning purchasers seeking established Bukit Timah credentials, contemporary residential specifications, and proximity to meaningful public transport connectivity. Whether as a primary residence for owner-occupiers or an investment position for those seeking stable, blue-chip Singapore property exposure, the development aligns with multiple buyer motivations within Singapore's premium residential market.

Frequently Asked Questions

What rental yield might investors typically expect from purchasing a unit at The Levelz?

The Levelz's Farrer Road location historically attracts consistent tenant demand, particularly from expatriate families and international assignees. Market rents for comparable 3-bedroom units in the Bukit Timah area typically range between S$7,000 to S$9,500 monthly, translating to gross yields of approximately 1.5% to 2.1% annually on purchase prices around S$4.8 million. Investors should note that Farrer Road's prestige and proximity to quality schools and NUS campus drives resilient tenant quality and lease stability. Actual yields will depend on individual unit specifications, floor level, orientation, and prevailing market conditions at the time of lease commencement.

How does The Levelz's pricing compare to recent per-square-foot transactions in the Farrer Road and Bukit Timah area?

Recent comparable transactions in the immediate Farrer Road and broader Bukit Timah precinct reflect per-square-foot valuations generally ranging between S$3,000 to S$3,500 across quality residential stock. At The Levelz's entry-level pricing around S$4.8 million for units exceeding 2,400 square feet, this implies a per-square-foot cost of approximately S$1,967 to S$2,050, positioning the development competitively within its peer set. The Farrer Road address commands an inherent premium over nearby roads, justified by the station proximity and precinct prestige. Comparative analysis against recent Rosewood Green, Kingsley Green, and other Bukit Timah developments confirms The Levelz reflects market-consistent pricing for its location, specifications, and contemporary design quality.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens purchasing a second residential property at The Levelz?

Singapore Citizens acquiring a second residential property face ABSD at the current statutory rate of 20% of the purchase price, applicable to amounts exceeding S$180,000. At The Levelz's entry price of approximately S$4.8 million, this implies ABSD liability of roughly S$728,000 (calculated as 20% of S$4.62 million above the S$180,000 threshold). This significant additional cost must be factored into investment decision-making and total acquisition expense budgeting. Investors should engage qualified tax advisors to explore potential mitigation strategies, such as timing of acquisition relative to disposal of existing residential properties, or consideration of alternative ownership structures where legally permissible.

Is there lease decay risk at The Levelz, and how might this affect long-term resale value?

The Levelz's lease tenure should be verified from official property records and the developer's documentation, as this fundamentally affects long-term ownership economics. If the development is offered on leasehold tenure (typically 99 years or 999 years from launch date), purchasers should understand that leases gradually decay over time, with properties becoming increasingly difficult to finance and market as remaining tenure falls below 60 years. For 99-year leases, meaningful decay typically becomes apparent after 30–40 years of ownership, potentially affecting future resale values and lender appetite. Conversely, 999-year leases or freehold tenure present negligible lease-decay concern over typical ownership horizons. Prospective owners should obtain comprehensive lease documentation at purchase and factor lease remaining term into their investment timeline and exit strategies.

How does proximity to Farrer Road MRT Station (CC20) influence property demand and capital appreciation at The Levelz?

The 7-minute walk to Farrer Road MRT (CC20) represents a material value driver for The Levelz, as station proximity is consistently correlated with higher capital appreciation and stronger rental demand in Singapore's market. Properties within 600 metres of active MRT stations typically command premiums of 10% to 20% relative to equivalent units located further from mass transit. The Circle Line connectivity via Farrer Road station provides efficient access to Bishan, Botanic Gardens, and the broader network, benefiting daily commuters and enhancing long-term appeal. Over extended holding periods, improving public transport infrastructure or increased service frequency would typically support further appreciation. Conversely, should the precinct experience mass-transit crowding or service constraints, this could moderate medium-term appreciation relative to alternative precincts.

Is The Levelz suitable for high-net-worth owner-occupiers, and what specific attributes attract this buyer segment?

High-net-worth owner-occupiers find The Levelz attractive for its combination of Farrer Road's blue-chip address prestige, contemporary architectural specifications, and generous unit proportions exceeding 2,400 square feet. This buyer segment typically prioritises neighbourhood stability, established community character, and proximity to quality schools—attributes Bukit Timah and specifically Farrer Road deliver reliably. HNW purchasers often seek properties requiring minimal future remediation or renovation, and The Levelz's contemporary finishes and modern amenities align with this expectation. The development's limited supply pipeline (given density constraints in Bukit Timah) appeals to purchasers seeking exclusive addresses with restricted new competition. Location near NUS and international schools particularly attracts HNW families with school-age children.

What Total Debt Servicing Ratio (TDSR) headroom should purchasers expect when financing property at The Levelz's price point?

At The Levelz's entry-level pricing around S$4.8 million with typical 80% loan-to-value financing, purchasers would require a monthly mortgage payment of approximately S$22,000 to S$24,000 (depending on prevailing interest rates and loan tenor). Under Singapore's current 60% TDSR cap, this implies a required gross monthly household income of approximately S$36,700 to S$40,000 to accommodate the mortgage alone. Purchasers carrying additional debt (car loans, credit facilities, other mortgages) would require proportionally higher income to remain within TDSR constraints. Properties in the Farrer Road precinct typically achieve robust lender enthusiasm and competitive rates, but prospective purchasers should obtain formal pre-approval from their chosen lender to confirm financing availability against their specific income and debt profile. Financial advisors can assist with debt restructuring strategies to optimise borrowing capacity.

How does The Levelz compare to competing developments in Bukit Timah such as Rosewood Green and Kingsley Green?

The Levelz competes within the premium Bukit Timah segment against established developments including Rosewood Green and Kingsley Green, each offering sophisticated specifications and established neighbourhood presences. Rosewood Green commands notable market recognition and typically achieves per-square-foot valuations at the upper end of the comparable range (S$3,200 to S$3,500), reflecting its established tenure and strong community reputation. Kingsley Green similarly performs well, particularly for owner-occupier demand. The Levelz differentiates through its contemporary design language, generous unit proportions, and direct Farrer Road positioning with MRT proximity. Purchasers evaluating across these developments should compare specific amenities, unit layouts, building facilities, and management credentials alongside pricing. The Levelz's appeal typically lies in its modern specifications and walkability to the MRT station, whereas nearby alternatives may offer different positioning (such as larger estate context or alternative precinct characters).

Which unit stacks or floor levels typically offer best value at The Levelz, and why?

Property valuations within residential developments typically display predictable patterns based on floor level and stack positioning. Middle-floor units (approximately floors 8–18 of a taller development) generally command the strongest valuations per square foot, balancing natural light, views, wind exposure, and perceived desirability. Lower-floor units (floors 2–5) typically discount 8% to 15% relative to middle-floor equivalents, reflecting reduced views and increased street-level noise, though they appeal to some purchasers prioritising convenience and escape-route preferences. Upper-floor units frequently price at modest premiums (5% to 10%) relative to middle floors, driven by enhanced views and perceived prestige, though very top floors occasionally plateau in appeal due to wind exposure and stairwell proximity. Stack positioning also matters—units positioned away from lift lobbies or adjacent to shared facilities may offer modest discounts (3% to 7%). Value-conscious purchasers should evaluate actual unit specifications and positioning rather than relying on floor level assumptions alone.

What is the future supply pipeline in the Bukit Timah district, and how might this affect The Levelz's long-term appreciation prospects?

Bukit Timah has historically experienced restrained new residential supply, as the government carefully manages density to preserve neighbourhood character and environmental attributes. The planning framework limits new projects to specific zones, and land scarcity within the precinct constrains development pipeline significantly. Current publicly announced projects in the broader Bukit Timah area remain modest in scale relative to overall market supply. This structural supply constraint is generally supportive of long-term capital appreciation for existing quality developments like The Levelz, as increasing demand from Singapore's growing population encounters limited new housing additions. However, purchasers should monitor government land sales announcements and planning amendments, as any major policy shift could introduce new competition. The Farrer Road precinct specifically benefits from heritage considerations and mature character preservation, further limiting intensive redevelopment prospects. Over a 10-year holding period, The Levelz's value proposition should remain resilient given this supply-constrained backdrop, particularly if broader Singapore property market demand strengthens.