Type

Units

Min Area

Price Range

2 BR

710 sqft

S$1.7M – S$1.7M

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$1.7M to S$1.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$336K on this acquisition.
Freehold.
Located 4 min (310 m) from NS23 Somerset MRT Station.

Price Trends & Rental Yield

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One Oxley Rise: A Prime Freehold Apartment Investment in Somerset

One Oxley Rise stands as a distinguished freehold residential development located at 1 Oxley Rise in Singapore's prestigious District 9, just a short walk from Somerset MRT Station (NS23). Completed in 2008, this well-established complex comprises 89 thoughtfully designed apartments spread across 10 floors, offering residents an enviable blend of urban convenience and sophisticated living standards that have proven attractive to both owner-occupiers and discerning investors over the past decade and a half.

The development's location is one of its most compelling features. Situated merely 310 metres—approximately a four-minute walk—from Somerset MRT Station, residents enjoy seamless connectivity to Singapore's broader transport network without the noise and disruption often associated with proximity to major transport hubs. This accessibility has consistently driven strong demand for units within the project, as the MRT connection significantly reduces commuting times to business districts, educational institutions, and leisure destinations across the island.

Unparalleled Access to Orchard Road and Premium Shopping

The development's proximity to Orchard Road, one of Asia's most celebrated shopping and entertainment precincts, positions One Oxley Rise as an ideal address for those who value cosmopolitan living. Residents benefit from immediate access to world-class retail destinations including Ion Orchard, Takashimaya, Plaza Singapura, and Wisma Atria, all within walking distance or a quick ride away. This location advantage ensures that the precinct remains perpetually vibrant, with new dining experiences, cultural events, and shopping offerings continually enhancing the surrounding neighbourhood.

Beyond commercial attractions, the development sits in close proximity to Fort Canning Park, a verdant 14-hectare park that serves as a serene retreat from the hustle of urban life. The combination of cultural heritage sites, landscaped gardens, and recreational spaces within Fort Canning Park makes it an invaluable amenity for residents seeking respite and outdoor activities without venturing far from home.

Comprehensive Resort-Style Facilities and Lifestyle Amenities

One Oxley Rise delivers a comprehensive suite of lifestyle facilities that cater to residents' wellness, leisure, and social needs. The development features a dedicated swimming pool ideal for lap swimming and recreation, a Jacuzzi for relaxation, a fully equipped gymnasium for fitness enthusiasts, and dedicated barbecue pits for entertaining family and friends. These amenities are complemented by 24-hour professional security services, ensuring residents enjoy peace of mind and a safe, secure living environment at all times.

The residential units themselves reflect thoughtful urban design, with many commanding panoramic views from elevated floor levels. Layouts are efficiently planned to maximise natural light and ventilation, whilst the freehold tenure structure ensures residents benefit from indefinite ownership rights without concerns about lease decay or future renewal obligations.

Connectivity for Commuters and Vehicle Owners

For professionals working in Singapore's central business district, the commute from One Oxley Rise is exceptionally manageable. Vehicle owners can reach major business hubs via River Valley Road in approximately five minutes, making the development particularly attractive to senior executives and business owners who value both proximity to work and access to premium residential amenities. The availability of numerous feeder bus services in the immediate vicinity provides additional transport flexibility for those who prefer public conveyancing.

Investment Merit and Market Positioning

The freehold tenure structure at One Oxley Rise fundamentally distinguishes this development from leasehold alternatives in the surrounding district. Unlike leasehold properties, which depreciate in value as lease terms shorten, freehold apartments retain their intrinsic value over time, making them particularly appealing to long-term investors and owner-occupiers concerned with building lasting wealth through property. The established nature of the complex, having been in operation for over 15 years, provides a proven track record of management competency, consistent maintenance, and reliable tenant demand.

District 9 has consistently demonstrated strong capital appreciation and rental yield potential, driven by the Orchard Road location's enduring appeal, the sophisticated demographic of residents, and sustained demand from both expatriates and high-net-worth Singaporeans. The development's strategic positioning as a freehold asset in this highly sought-after locale positions it as a credible choice for those building a balanced property portfolio or seeking a principal residence in one of Singapore's most prestigious addresses.

Designed for Discerning Residents

Whether purchased as an owner-occupied primary residence, an investment property for rental income, or as part of a diversified real estate portfolio, One Oxley Rise offers flexibility and proven appeal across multiple buyer categories. The established amenity suite, security infrastructure, and location accessibility ensure that units at this development consistently attract interest from qualified buyers and tenants, supporting both capital appreciation and rental return objectives over medium to long-term holding periods.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at One Oxley Rise as an investment property?

One Oxley Rise's location in District 9, immediately adjacent to Orchard Road and Somerset MRT, positions it as a highly sought destination for expatriates and high-income earners, driving consistent rental demand. Based on recent market transactions in this precinct, freehold apartments at this development typically achieve gross rental yields in the region of 3.5–4.5% annually, with units in premium floor levels and those with superior orientation commanding higher returns. The development's established reputation, comprehensive facilities, and proximity to major employment hubs in the CBD ensure a reliable pool of quality tenants, which underpins strong and stable rental income over multi-year holding periods.

How does the per-square-foot pricing at One Oxley Rise compare to recent sales in the Somerset and Orchard corridor?

One Oxley Rise's pricing typically ranges from approximately S$2,300 to S$2,600 per square foot depending on unit size, floor level, and orientation, positioning it competitively within the Somerset and Orchard Road precincts. Recent comparable transactions in the immediate area, including established freehold developments within 500 metres of Somerset MRT, have traded in broadly similar ranges, though ultra-premium units with exceptional views or rare configurations occasionally achieve higher rates. The freehold tenure, established management track record, and proximity to MRT support valuations at the upper end of District 9's broader range, particularly for larger units or those occupying prime floor levels with desirable aspects.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I'm a Singapore Citizen buying a second residential property at One Oxley Rise?

As a Singapore Citizen purchasing a second residential property, you are liable for Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, payable on completion of the transaction. For a unit priced at S$1.7 million, this equates to S$340,000 in ABSD alone, which must be factored into your total acquisition cost alongside the standard Buyer's Stamp Duty of 4%, legal fees, and potential renovation or furnishing expenses. This 20% duty significantly increases the effective cost of the property and should be carefully considered in your financial planning; many investors use mortgage leverage to manage this upfront cash requirement, though this in turn increases debt servicing obligations.

Is there a lease decay risk at One Oxley Rise, or does the freehold tenure protect my investment's long-term value?

One Oxley Rise holds freehold tenure, which entirely eliminates lease decay risk that commonly affects leasehold properties in Singapore. Unlike leasehold apartments, which lose value as the unexpired lease term shortens—particularly when remaining terms fall below 70 years—freehold properties at One Oxley Rise retain indefinite ownership rights and suffer no mechanistic depreciation linked to the passage of time. This structural advantage ensures that capital appreciation is driven purely by market demand, location desirability, and property condition rather than being eroded by lease decay; investors and owner-occupiers can hold the asset with confidence that the freehold tenure itself does not diminish resale value or future saleability.

How does proximity to Somerset MRT Station (NS23) affect demand and long-term capital appreciation at One Oxley Rise?

Proximity to Somerset MRT Station—just a four-minute walk at 310 metres—is a primary driver of sustained demand and capital appreciation at One Oxley Rise, as MRT accessibility is consistently valued at a premium by both owner-occupiers and investors across Singapore's residential market. The North-South Line connection provides direct access to major employment hubs in the CBD, the airport, and key residential nodes across the island, meaningfully reducing commute times and quality-of-life friction for working professionals and their families. This accessibility advantage has historically supported valuations in this precinct and is likely to continue doing so as Singapore's transport network becomes increasingly congested, making close proximity to MRT a more valuable amenity over time; developments within 10–15 minutes' walk of major MRT stations typically outperform those requiring longer commutes or reliance on private transport.

Is One Oxley Rise suitable for first-time property buyers, upgraders, high-net-worth investors, and owner-occupiers?

One Oxley Rise caters to multiple buyer profiles, though first-time buyers may face challenges given the entry price point of approximately S$1.7 million or higher, the 20% ABSD burden if purchasing as a second property, and the requirement for significant capital reserves. Upgraders transitioning from HDB flats or smaller private apartments frequently find One Oxley Rise attractive due to its established management, comprehensive facilities, freehold tenure, and prestigious address, which align well with aspirational residential goals. High-net-worth individuals and seasoned investors appreciate the freehold structure, location prestige, rental yield potential, and relative stability of the development's asset class; owner-occupiers seeking a principal residence in Orchard are similarly well-served, as the location minimises commute times and provides unparalleled access to shopping, dining, and cultural amenities. In essence, whilst first-timers may require larger mortgage mortgages and careful financial planning, upgraders and investors represent the core target demographic for this development.

What Total Debt Servicing Ratio (TDSR) and mortgage financing headroom should I expect at typical One Oxley Rise price points?

At a typical entry price of S$1.7 million for One Oxley Rise units, assuming a 90% mortgage (S$1.53 million), a 25-year tenure, and prevailing interest rates around 4–4.5%, monthly mortgage instalments typically range from S$7,500 to S$8,200, which translates to TDSR implications of 60–65% for borrowers with combined monthly incomes of approximately S$12,000–S$13,000. Banks typically cap TDSR at 60%, meaning borrowers must demonstrate sufficient income headroom and low existing debt servicing obligations to qualify for financing on properties at this price level. Investors purchasing as a buy-to-let may encounter stricter lending criteria, with banks applying stressed interest rates (often 1–2% above prevailing rates) when assessing rental income coverage; prudent financial planning should incorporate buffer estimates to ensure TDSR compliance across different economic cycles.

How does One Oxley Rise compare to nearby competing developments such as The Pinnacle and Parc Cliveden?

One Oxley Rise competes within a cohort of established freehold developments in District 9, including The Pinnacle (located slightly further from Somerset MRT at approximately 8–10 minutes' walk) and Parc Cliveden (a newer, larger development completed in the early 2010s, similarly positioned near Orchard Road). One Oxley Rise's key competitive advantages include its shorter MRT walking distance, its maturity as a well-managed complex with a proven operational track record, and its smaller unit count (89 units), which often correlates with stronger community cohesion and more selective resident profiles. Parc Cliveden, by contrast, offers newer architecture, larger unit sizes for comparable prices, and an expanded amenity suite but commands a more premium price per square foot and attracts a broader demographic. The Pinnacle similarly appeals to investors seeking freehold tenure but may present slightly longer commute times for those commuting via MRT; the choice between these developments ultimately hinges on individual preferences regarding amenity modernity, unit size, and willingness to trade absolute proximity to MRT for other features.

Which unit stack, floor level, or orientation at One Oxley Rise typically offers the best value proposition?

Mid-to-high floor units (floors 6–9) at One Oxley Rise typically offer the most compelling value proposition, as they provide superior natural light, panoramic views, and reduced street-level noise whilst commanding prices that do not reflect the significant premiums charged for the highest floors (floors 9–10) or penthouses. Units with north or east-facing orientations generally attract higher rental demand and capital appreciation potential, as these aspects maximise natural light throughout the day and reduce heat gain during afternoon hours, supporting premium pricing in the rental market. Corner units and those positioned to capture views of Fort Canning Park or Orchard Road skylines command material price premiums and demonstrate stronger capital appreciation over time; conversely, units on lower floors (1–3) or with less desirable orientations may offer better entry-level pricing, though they often experience slower capital appreciation and lower rental yields relative to their acquisition cost.

What is the future supply pipeline in District 9 and Orchard, and could new developments impact One Oxley Rise's capital appreciation prospects?

District 9 has witnessed relatively constrained new supply in recent years, with most new residential developments in the broader Orchard and Somerset corridor now focussing on larger mixed-use or ultra-premium projects rather than standard apartment blocks; this relative scarcity of new freehold inventory supports long-term capital appreciation prospects for established developments like One Oxley Rise. However, the Government Land Sales (GLS) programme and private land sales in adjacent areas such as Tanglin and Bukit Timah may introduce competing supply over the medium term, though such developments typically target ultra-premium segments rather than the mid-to-upper middle market served by One Oxley Rise. The scarcity value of freehold tenure in prime locations—coupled with zoning restrictions that limit the volume of new residential development in District 9—suggests that One Oxley Rise should continue to appreciate in absolute terms, though relative appreciation may moderate if significant new supply emerges; investors should monitor GLS announcements and land sales in the surrounding precinct to assess longer-term supply dynamics.

Apartment At 1 Oxley Rise — From S$1.7M