Type

Units

Min Area

Price Range

4+ BR

2500 sqft

From S$3.9XM

Property Highlights

Spacious 5-bedroom, 5-bathroom terraced house spanning 2,500 sqft of internal living space
Land plot of 1,614 sqft offers substantial outdoor potential and future enhancement opportunities
Strategically positioned just 1.22 km from Pasir Ris MRT Station, providing excellent connectivity
Premium pricing reflects the property's generous proportions and established residential location
Well-suited for families seeking privacy, space, and a structured neighbourhood environment

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Ref: 500163407

Elias Terrace: A Spacious Family Terraced House in the Heart of Pasir Ris

Elias Terrace presents a compelling opportunity for discerning homebuyers seeking substantial living space in an established, family-oriented locale. Positioned at S$3,950,000, this five-bedroom, five-bathroom terraced residence commands attention for its generous proportions and thoughtful design philosophy. With 2,500 sqft of floor area and a considerable 1,614 sqft land parcel, the property delivers the kind of breathing room that increasingly appeals to high-net-worth individuals and multi-generational families unwilling to compromise on personal space.

Layout and Living Dimensions

The floor area of 2,500 sqft translates to genuine flexibility in how occupants arrange their daily lives. Five distinct bedrooms provide dedicated spaces for a growing family, guest accommodation, or home office configurations that have become standard in post-pandemic living patterns. The inclusion of five bathrooms—a hallmark of premium terraced developments—eliminates the morning scheduling conflicts that plague many Singapore residences. This ratio of bathrooms to bedrooms is particularly valuable in households with teenage children or frequent visitors, ensuring convenience and dignity for all residents.

The land size of 1,614 sqft deserves particular emphasis. In Singapore's constrained property market, this quantum of land ownership affords something increasingly rare: genuine autonomy over outdoor space. Whether envisioned as a mature tropical garden, entertainment courtyard, or vehicle parking buffer, the land plot removes the common frustration of box-like surroundings that characterises high-rise apartment living. Progressive owners often leverage this dimension to add value through thoughtful landscaping or minor structural enhancements that would be impossible in landed properties with minimal plot ratios.

Transportation and Neighbourhood Connectivity

Located a mere 1.22 kilometres from Pasir Ris MRT Station on the Circle Line, Elias Terrace benefits from transport connectivity that continues to strengthen across the wider Pasir Ris corridor. The fifteen-minute walking radius places daily commuting well within realistic parameters for professionals who value the option of public transport without absolute dependency. The Circle Line's expansion and integration with Singapore's broader rapid transit network have positioned Pasir Ris as an increasingly attractive zone for both primary residence and investment purposes.

The neighbourhood itself embodies the characteristics of a mature, well-established residential precinct. Pasir Ris has evolved considerably over recent years, attracting retail and dining establishments that cater to a demographic seeking suburban comfort without sacrificing urban amenities. Schools, medical facilities, and recreational parks are woven throughout the district, creating an environment particularly appealing to families prioritising education and childhood development.

Terraced House Advantages in the Singapore Market

Terraced housing remains a distinctive property category within Singapore's tiered residential market. Unlike apartment ownership, terraced houses confer a sense of individual stewardship over one's dwelling that resonates with traditional notions of home. The lack of shared walls with neighbours—a key differentiator from semi-detached designs—provides acoustic privacy and complete control over structural modifications. This autonomy appeals powerfully to affluent buyers fatigued by the constraints of strata-titled residential schemes.

The S$3,950,000 price point positions Elias Terrace within the upper-middle tier of the terraced housing market. This valuation reflects both the property's physical dimensions and its location within a district that has demonstrated steady capital appreciation. Compared to comparable terraced offerings in proximity, the pricing suggests fair market positioning that aligns with recent transactional evidence across the Pasir Ris precinct.

Investment and Appreciation Potential

From an investment lens, terraced houses in established neighbourhoods like Pasir Ris have historically demonstrated resilience throughout market cycles. The scarcity of freehold terraced land in Singapore ensures ongoing demand from both owner-occupiers and investment-focused purchasers. Properties of this specification—five bedrooms, substantial land plot, strong connectivity—appeal to a sufficiently broad buyer demographic to support both capital appreciation and rental yield generation.

The rental market for premium terraced housing has matured considerably, with institutional and high-net-worth landlords increasingly comfortable with the asset class. Five-bedroom family homes command premium monthly rentals, particularly when targeted at expatriate families relocating to Singapore with company-provided housing allowances. The potential for consistent yield provides a secondary justification for purchase beyond owner-occupation.

Structural Integrity and Long-term Value Retention

Terraced houses, being typically freehold or long-lease properties, avoid the lease-decay complications that increasingly concern buyers of older apartment blocks nearing their sixtieth or seventieth anniversary. This structural longevity translates into greater confidence in long-term value retention, a consideration that often influences the purchasing calculus of prudent investors and retirement planners. The absence of en-bloc sale vulnerability—a constant shadow over leasehold properties—provides additional psychological comfort to owners treating property acquisition as a multi-decade commitment.

Who Should Consider Elias Terrace?

This property appeals most directly to established professionals and entrepreneurs seeking to upgrade into a residence that aligns with their accumulated wealth and lifestyle aspirations. Families with multiple children benefit from the five-bedroom configuration and the ability to provide each member with private study or retreat spaces. Buyers prioritising capital preservation over maximum leverage find the terraced house format reassuring, given the property's stability within the Singapore real estate ecosystem.

The location also serves investors comfortable with Singapore property ownership as a diversification vehicle. The combination of strong connectivity, family-friendly infrastructure, and property scarcity creates a foundation for steady appreciation. Second-time property buyers moving from apartment-based assets often gravitate towards terraced housing as the next logical stepping stone, particularly when household composition has expanded or professional success has warranted a lifestyle upgrade.

Conclusion

Elias Terrace represents a substantive offering within Singapore's premium residential market. The combination of generous internal proportions, meaningful land ownership, reliable transport connections, and established neighbourhood maturity creates a compelling package for buyers prioritising longevity, privacy, and authentic space. At S$3,950,000, the property occupies fair value territory that reflects current market conditions whilst maintaining the potential for steady appreciation across the medium to long term.

Frequently Asked Questions

What rental yield might be expected if Elias Terrace is purchased as an investment property?

Five-bedroom terraced houses in established Pasir Ris attract strong rental demand, particularly from expatriate families seeking spacious, private accommodation outside the apartment sector. Current market evidence suggests gross rental yields in the region of 2.5% to 3.2% annually for properties of this specification and location, translating to approximately S$98,000 to S$126,000 in annual rental income. The consistent demand from corporate housing providers and wealthy expat communities creates a relatively predictable tenant pipeline, though actual yield will depend on proactive property management, competitive positioning, and broader market cycles affecting expatriate relocation patterns into Singapore.

How does the S$3,950,000 price compare to recent per-square-foot transactions in Pasir Ris terraced housing?

Based on recent transactional data across the Pasir Ris precinct, terraced houses of comparable size and vintage have traded at price-per-square-foot levels ranging from approximately S$1,480 to S$1,720. At S$3,950,000 for 2,500 sqft of floor area, Elias Terrace is priced at approximately S$1,580 per sqft, positioning it squarely within the mid-range of recent market activity. This pricing reflects the property's dimensions, location relative to the MRT station, and neighbourhood reputation, suggesting neither significant premium nor discount relative to comparable recent sales, though individual buyer circumstances and financing structures inevitably influence perception of value.

What are the Additional Buyer's Stamp Duty implications for a second-property buyer at this price point?

For a buyer purchasing Elias Terrace as a second residential property, Additional Buyer's Stamp Duty applies on a sliding scale—currently 5% on the first S$180,000 of purchase price, 10% from S$180,000 to S$360,000, and 15% on amounts exceeding S$360,000. For a S$3,950,000 purchase, the total ABSD payable would approximate S$540,000 to S$560,000, depending on the precise valuation determined by the Inland Revenue Authority of Singapore. This substantial duty burden materially increases the effective purchase cost and should feature prominently in the financial planning of second-property acquirers, potentially making full cash purchases or significant down-payment strategies more economically efficient than traditional leveraged structures.

Is lease decay a concern for Elias Terrace, and how might it affect future resale value?

The critical question regarding lease length depends on the property's exact tenure status and remaining lease period at the point of sale. If Elias Terrace is freehold (as many terraced properties in established Pasir Ris areas are), lease decay presents no concern whatsoever, and the property will retain full market value indefinitely. However, if the property operates on a long leasehold—particularly if the lease falls below sixty-five years—this creates a material resale headwind, as institutional and prudent individual buyers increasingly shun properties where lease decay projections suggest erosion of value within their ownership timeframe. Prospective buyers must verify the exact tenure and remaining lease term, as this single factor can swing the property from a sound long-term hold to a depreciating asset.

How does proximity to Pasir Ris MRT Station influence demand and potential capital appreciation for Elias Terrace?

The fifteen-minute walking distance to Pasir Ris MRT Station on the Circle Line functions as a primary demand driver for properties in this precinct, particularly among professionals who require reliable commuting infrastructure without absolute dependency on private vehicles. The Circle Line's recent expansion and continued integration improvements have strengthened the corridor's appeal, attracting younger families and dual-income households seeking suburban space without transport sacrifice. This connectivity advantage has historically translated into measurable capital appreciation premiums compared to similarly-sized terraced properties located further from rapid transit nodes—properties within ten-minute walking distance typically command 10% to 15% valuation uplift. The prospect of further transport infrastructure development (such as enhanced bus rapid transit or future rail extensions) provides additional appreciation optionality, though such developments remain speculative and should not form the primary investment thesis.

What buyer profiles is Elias Terrace best suited for, and why?

High-net-worth individuals seeking a primary residence upgrade find Elias Terrace particularly appealing, as the property's scale, space, and privacy align with the lifestyle aspirations that accompany accumulated wealth—the five-bedroom layout accommodates adult children, guest suites, and dedicated home office space that resonates with affluent purchasers. Upgrading families moving from apartment-based living benefit from the terraced format's private outdoor space and freedom from strata governance, whilst investors comfortable with Singapore property ownership appreciate the rental yield potential, scarcity value, and historical appreciation trajectory of established terraced housing. First-time buyers typically find the S$3,950,000 price point prohibitive unless backed by substantial inherited wealth or family capital assistance, though financially successful young professionals in high-income professions occasionally justify the purchase on aggressive leverage assumptions. Expatriate families on extended Singapore postings frequently constitute the most active rental tenant segment, providing stable income certainty for investment-minded buyers.

What TDSR headroom and financing feasibility exists at the S$3,950,000 price point?

Financing a S$3,950,000 purchase requires careful orchestration of debt-to-service ratio considerations, as the Monetary Authority of Singapore caps the TDSR at 55% for housing loans. Assuming a conservative 70% loan-to-value ratio (S$2,765,000), a professional earning approximately S$145,000 to S$180,000 annually typically maintains sufficient headroom to accommodate the monthly debt servicing (approximately S$14,000 to S$15,000 at current 3.5% interest rates) within the 55% TDSR ceiling, particularly if the purchaser lacks material competing debt obligations. Many buyers at this price point deploy substantial equity contributions—50% or higher—reducing absolute financing burden and monthly debt-service requirements to manageable levels. The existence of competing liabilities (existing mortgages, vehicle loans, personal credit facilities) materially compresses available debt headroom, necessitating careful financial planning and potentially requiring a higher down-payment percentage than younger, first-time buyers at lower price points might employ.

How does Elias Terrace compare to nearby competing terraced developments in terms of value proposition?

Pasir Ris hosts several competing terraced housing clusters, each with distinct characteristics influencing relative value positioning. Properties at comparable price points in the immediate vicinity typically range from similar five-bedroom configurations at slightly lower prices (reflecting either smaller land plots or less amenity-rich immediate surroundings) to superficially larger homes commanding modest premiums due to superior MRT proximity or heritage estate positioning. Developments further from the MRT corridor trade at 8% to 12% discounts, reflecting the transport connectivity disadvantage, whilst premium ultra-luxury terraced homes in the most coveted Pasir Ris micros command 20% to 30% premiums for combined factors including location, architectural distinction, and established resident reputation. Elias Terrace's positioning at S$3,950,000 reflects fair market pricing relative to these comparables, suggesting neither exceptional bargain nor premium overpayment, contingent on the property's specific condition, age, and any bespoke features distinguishing it from generic terraced stock.

Which floor level or unit stack arrangement provides optimal value within comparable Pasir Ris terraced properties?

Unlike apartment-based properties where floor level materially influences valuation through light exposure and city-view preferences, terraced housing derives most value from land plot size, frontage characteristics, and neighbouring property conditions rather than vertical positioning. That said, corner terraced units typically command modest premiums (5% to 8%) owing to additional light exposure, ventilation efficiency, and perception of isolation from neighbour activity. Ground-level space accessibility appeals particularly to families with elderly members or mobility considerations, whilst split-level terraced designs that position bedrooms on intermediate levels often deliver superior thermal efficiency and private outdoor courtyard utility. The specific layout of Elias Terrace—whether end-terrace, mid-terrace, or featuring interior courtyard arrangements—materially influences subjective value perception, with end units typically commanding slight premiums reflecting the additional light and perceived autonomy, though raw pricing data demonstrates these premiums rarely exceed the broader 5% to 10% band.

What future supply pipeline exists in the Pasir Ris district, and how might it affect property appreciation prospects?

The Pasir Ris precinct has matured significantly over the past two decades, with the vast majority of developable land already occupied by residential, commercial, or public amenity uses. The Urban Redevelopment Authority's planning frameworks indicate limited scope for large-scale greenfield terraced housing projects within the immediate Pasir Ris constituency, suggesting that future supply inflation will remain contained relative to many other Singapore districts. However, potential future developments on public land reserves, possible en-bloc or collective-sale scenarios within existing housing clusters, and demographic shifts toward higher-density apartment formats in peripheral areas could gradually alter the supply-demand equilibrium. Medium-term appreciation prospects (five to ten years) remain solid given the combination of transport improvements, demographic demand from upgrading families, and relative supply constraint, though longer-term appreciation should not be assumed to continue at historical rates if significant new competing supply emerges or if transport route changes diminish the MRT connectivity advantage that currently supports Pasir Ris valuations.

Elias Terrace 5-bed Terraced House, S$3.95M, Pasir Ris