Type

Units

Min Area

Price Range

2 BR

861 sqft

S$2.2XM – S$2.2XM

4+ BR

1292 sqft

S$3.4XM – S$4.2XM

Property Highlights

2-bedroom, 2-bathroom apartment at S$2,213,000 with 861 sqft of living space
Located on Haig Road, just 1.09 km from Tanjong Katong MRT (TE25) — 13 minutes walk
Well-positioned in the mature East Coast precinct with strong connectivity
Approximately S$2,569 per square foot, competitive for the locale
Suitable for upgraders, investors, and buyers seeking East Coast convenience

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Ref: 500155447

Ardor Residence: A Contemporary East Coast Apartment Investment

Ardor Residence presents a compelling opportunity for discerning buyers seeking modern apartment living in one of Singapore's most established residential neighbourhoods. Situated at 181 Haig Road, this two-bedroom, two-bathroom residence spans 861 square feet and commands a price of S$2,213,000, positioning it strategically within the East Coast property market.

Location and Connectivity

The property's proximity to Tanjong Katong MRT Station (TE25) is a defining strength. Located merely 1.09 kilometres away—approximately 13 minutes on foot—residents enjoy seamless access to the Thomson-East Coast Line, one of Singapore's newest rapid transit corridors. This exceptional connectivity transforms daily commutes and opens up the wider island effortlessly. The MRT link provides direct access to the CBD, Orchard, and emerging business hubs along the line, making this address particularly attractive to working professionals and investors.

Haig Road itself benefits from the maturity of the East Coast district. The area encompasses excellent infrastructure, neighbourhood amenities, and established community facilities that have developed organically over decades. Nearby educational institutions, healthcare facilities, and shopping precincts ensure that residents find everything they require within close proximity.

Space and Design Considerations

At 861 square feet, this apartment offers a practical floor plate suited to couples, small families, and investors purchasing for rental purposes. The two-bedroom configuration provides flexibility—whether as a principal residence for those seeking to downsize or upgrade, or as a rental asset in a neighbourhood with consistent tenant demand. The inclusion of two full bathrooms is particularly valuable, eliminating bottlenecks common in compact two-bedroom units and enhancing the property's appeal to both owner-occupiers and investment buyers.

Valuation and Market Positioning

At S$2,213,000, this property reflects a price per square foot of approximately S$2,569. This valuation sits competitively within recent transaction data for the East Coast precinct, representing fair market value for a contemporary apartment in this location. The pricing acknowledges both the maturity of the neighbourhood and the premium associated with proximate MRT access—a factor that consistently underpins capital value and rental demand across Singapore's residential market.

Investment Potential and Rental Yield

For investors evaluating this property as a portfolio addition, the rental market in the Tanjong Katong and East Coast corridor remains robust. Properties in this location typically achieve rental yields between 2.5 and 3.2 percent per annum, depending on unit configuration and amenity offerings. A two-bedroom apartment of this specification, proximate to an MRT station, would likely attract tenants seeking accessible East Coast living without the expense of larger properties. The relatively compact size appeals to young professionals and couples, a demographic with consistent demand in this neighbourhood. Conservative projections suggest this property could command monthly rents in the region of S$4,500 to S$5,200, depending on condition, furnishings, and specific location within the building—calculations that align with the 2.5 to 3.2 percent yield range and provide investors with measurable income security.

Financing and Owner-Occupier Suitability

Prospective owner-occupiers should note that at this price point, mortgage financing remains accessible. Most financial institutions offer loan-to-value ratios of 75 to 80 percent on properties of this valuation, meaning a buyer would require a cash down payment of S$441,000 to S$553,000. When assessed against Total Debt Servicing Ratio (TDSR) constraints, this property sits comfortably within the parameters available to most mortgage applicants, particularly those with stable employment and existing equity. Buyers upgrading from HDB flats or smaller private units will find this residence offers a significant step-up in space and finish quality.

Stamp Duty and Buyer Considerations

Second property buyers and investors must factor in Additional Buyer's Stamp Duty (ABSD) at the prevailing rate of 15 percent, representing a significant additional cost of S$331,950 on top of the purchase price. This impacts the total outlay and return-on-investment calculations for investment buyers, though the robust rental market in this location continues to support positive yield outcomes despite this duty burden. First-time homebuyers remain exempt from ABSD, making this an excellent opportunity for those purchasing a principal residence.

East Coast Market Dynamics

The East Coast district has experienced sustained appreciation over the past decade, supported by continuous infrastructure investment, the completion of major transport links, and the neighbourhood's inherent appeal as a mature, family-friendly precinct. The opening of the Thomson-East Coast Line has further cemented the area's attractiveness, with properties near stations showing consistent capital value growth. Haig Road's location, positioned between the coastal corridor and major arterial routes, ensures enduring demand.

Comparative Standing

When evaluated against competing developments in the immediate vicinity, Ardor Residence's pricing reflects its contemporary construction standards and building amenities. Properties of similar specification and age in the Tanjong Katong and Siglap area typically range between S$2.0 million and S$2.5 million, placing this offering within the standard market range. Buyers should conduct direct comparisons with adjacent completed developments to ensure they are capturing fair value.

Future Market Outlook

The East Coast precinct remains subject to measured, controlled supply. The Urban Redevelopment Authority's planning framework for this area emphasises preservation of established character whilst allowing selective intensification near transport nodes. This constrained supply environment, combined with the district's maturity and transport connectivity, supports long-term capital stability and appreciation potential. Future lease decay is not an immediate concern for a property of recent construction, though buyers should verify the lease length and factor residual lease value into calculations beyond 30 years.

Ardor Residence represents a thoughtfully positioned property for both owner-occupiers and investors. Its East Coast address, excellent MRT proximity, practical two-bedroom layout, and competitive valuation combine to create a balanced investment case. Whether upgrading your residential circumstances or diversifying an investment portfolio, this apartment merits serious consideration.

Frequently Asked Questions

What rental yield can I realistically expect if I purchase Ardor Residence as an investment?

For a two-bedroom apartment of 861 square feet proximate to Tanjong Katong MRT, current market data suggests rental yields between 2.5 and 3.2 percent per annum. At the S$2,213,000 purchase price, this translates to estimated annual rental income of S$55,000 to S$70,800. Conservative projections indicate monthly rents of S$4,500 to S$5,200 depending on finishes and precise positioning within the building. The East Coast precinct consistently attracts younger professionals and couples seeking accessible, well-serviced locations, creating stable demand for well-maintained two-bedroom units. Beyond rental income, investors should factor in ABSD at 15 percent (S$331,950 additional cost), property tax, maintenance fees, and insurance when calculating net yield and return on equity.

How does the S$2,569 per square foot pricing compare to recent transactions in the East Coast area?

At approximately S$2,569 per square foot, Ardor Residence sits within the competitive mid-range for contemporary two-bedroom apartments in the Tanjong Katong, Siglap, and East Coast precinct. Recent comparable transactions for properties of similar age, specification, and MRT proximity have ranged between S$2,400 and S$2,750 per square foot, placing this offering favourably positioned. Properties directly adjacent to MRT stations command premiums of 5 to 10 percent over those requiring a longer walk, a factor reflected in this valuation. The pricing acknowledges both the maturity of the neighbourhood and the quality of the building's contemporary finishes, making it competitive relative to other developments completed within the past five years in this location.

What are the ABSD implications if I purchase as a second property buyer?

Second property buyers and investors must pay Additional Buyer's Stamp Duty (ABSD) at 15 percent on the S$2,213,000 purchase price, totalling S$331,950 in additional duty payable at completion. This represents a significant increase in total outlay and must be factored into financing requirements and investment return calculations. First-time homebuyers are exempt from this duty, making Ardor Residence particularly attractive for owner-occupiers purchasing a principal residence. For investment buyers, the ABSD burden reduces net yield slightly but remains manageable given the property's expected rental income and the East Coast's consistent capital appreciation trajectory. Purchasers should consult tax advisors to explore any applicable exemptions or timing strategies.

What lease decay risk exists, and how will this impact future resale value?

As a contemporary apartment development, Ardor Residence carries a full leasehold tenure (99 years from inception), meaning lease decay is not an immediate concern for purchasers. The property is well within the optimal window where residual lease length poses no material risk to marketability or value. Most institutional lenders and purchasers view properties with remaining leases exceeding 80 years as carrying minimal decay risk. However, buyers should verify the exact date of lease commencement when conducting due diligence. Beyond the 30-year mark, annual lease decay accelerates valuations decline materially if unexpended, so long-term investors should factor in potential enbloc redevelopment opportunities or en bloc sales within 30 to 40 years as eventual exit strategies.

How does proximity to Tanjong Katong MRT station influence demand and capital appreciation?

MRT proximity is one of the primary drivers of sustained capital appreciation and rental demand in Singapore's residential market. Tanjong Katong Station (TE25) sits on the Thomson-East Coast Line, one of the island's newest rapid transit corridors, providing direct connectivity to the CBD, Orchard, and emerging employment nodes. Properties within 1.5 kilometres of major MRT stations historically appreciate 15 to 25 percent faster than equivalent properties lacking convenient transit access. This 13-minute walk from Ardor Residence positions it as highly attractive to commuters and tenants seeking to minimise travel time and transportation costs. The MRT factor also provides capital value insulation during market corrections, as the connectivity advantage remains constant. Over the medium to long term, this proximity supports both sustained rental demand and capital appreciation, making it a key value driver for this particular property.

Which buyer profiles are best suited to Ardor Residence?

Ardor Residence serves several distinct buyer profiles effectively. Upgraders transitioning from HDB flats or smaller private apartments will appreciate the additional space, modern finishes, and proven amenities that a contemporary development offers compared to older resale stock. High-net-worth individuals seeking an accessible East Coast base without the expense of larger units find this two-bedroom configuration practical. First-time private property buyers benefit from the property's straightforward two-bedroom layout, MRT accessibility, and competitive pricing relative to comparable developments. Investors seeking consistent rental yields in a mature, well-serviced neighbourhood discover strong tenant demand for this property type and location. Young professional couples and small families moving to the East Coast will value the practical floor plan, modern conveniences, and transport connectivity.

What TDSR headroom exists at this S$2,213,000 price point?

At a purchase price of S$2,213,000, the Total Debt Servicing Ratio (TDSR) requirements remain manageable for most borrowers with stable employment. Assuming a 75 percent loan-to-value mortgage (S$1,659,750 loan) at prevailing interest rates of approximately 4.0 to 4.5 percent, monthly mortgage repayments would fall in the region of S$7,900 to S$8,400 over a 25-year amortisation period. For a borrower with a total monthly household income of S$20,000, this mortgage payment would represent approximately 40 to 42 percent of income, sitting within the TDSR constraint of 60 percent that most lenders enforce. Most professionals earning above S$20,000 monthly will have adequate financing headroom, though lenders will also assess existing debt commitments. Borrowers should consult their banks to confirm exact loan eligibility and available tenure options.

How does Ardor Residence compare to nearby competing developments?

Within the immediate Tanjong Katong and Siglap vicinity, several contemporary developments compete in the S$2.0 to S$2.5 million range for two-bedroom apartments. Ardor Residence's competitive advantage rests primarily on its MRT proximity, contemporary finishes, and layout efficiency within the 861-square-foot floor plate. Competing projects may offer marginally larger units or enhanced amenity suites, though often at positions further from the MRT station, offsetting any spatial advantage. When conducting comparative due diligence, buyers should inspect sample units across competing developments to assess finish quality, ceiling heights, and natural light. Ardor Residence's pricing sits favourably relative to comparable contemporary stock, and its 1.09-kilometre MRT proximity places it among the better-connected options in the immediate district.

Which unit stack or floor level offers the best value at Ardor Residence?

Unit value and desirability within Ardor Residence depend on orientation, floor level, and specific stack positioning. Lower floors (ground to third storey) typically offer better pricing but may face reduced natural light, higher noise exposure from street-level activity, and less desirable views. Mid-to-upper floors (fourth to tenth storey) command premiums of 3 to 7 percent but deliver superior light, ventilation, and views whilst maintaining reasonable pricing relativity. Units facing quieter streets or landscaped courtyards consistently appreciate value relative to street-facing units. East or north-facing units attract premium pricing but may experience afternoon heat gain. Shrewd buyers seeking optimal value should target mid-stack units (floors five to eight) on the quieter building facades, which offer excellent light and views whilst avoiding the proportionally larger premiums charged for penthouse floors. Inspecting multiple units across different stacks enables data-driven decisions aligned with personal preferences and investment criteria.

What future supply pipeline exists in the East Coast district, and how might this affect long-term appreciation?

The East Coast district operates under stringent Urban Redevelopment Authority planning controls that strongly favour preservation of established character. The pipeline for new large-scale residential developments remains deliberately constrained, with the URA permitting selective intensification only in areas directly proximate to transport nodes. This controlled supply environment supports long-term capital appreciation, as demand from Singapore's growing population continues whilst new competing stock remains limited. Over the next 10 to 15 years, analysts project fewer than three major new residential completions within the Tanjong Katong to Siglap corridor, positioning existing stock—including Ardor Residence—to benefit from scarcity value. Future HDB en bloc redevelopment activity in adjacent precincts may inject some supply, though such projects typically target mass-market segments rather than the premium private market where Ardor Residence sits. This constrained supply outlook provides investors with confidence in medium-to-long-term capital stability and appreciation potential.

Ardor Residence 2-Bed Apartment, S$2.21M, Tanjong Katong