Type

Units

Min Area

Price Range

5 BR

9632 sqft

S$19.4M

Property Highlights

Landed development with 1 unit currently available.
Prices currently start from S$19.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$3.9M on this acquisition.
Located 8 min (690 m) from DT10 Stevens MRT Station.

Price Trends & Rental Yield

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House of the Year: A Prestigious Bungalow Development Near Botanic MRT

The House of the Year bungalow development represents one of Singapore's most distinguished residential offerings, situated in the serene landscape between Harlyn, Narooma, Dalkeith, Camborne, and Berrima. This exclusive property category appeals to high-net-worth individuals and established families seeking a refined living experience that transcends the constraints of typical urban residential developments. The project's positioning near Stevens MRT station—just eight minutes away and 690 metres distant—ensures that residents enjoy seamless connectivity to Singapore's broader economy whilst maintaining the sanctuary-like qualities that landed properties are prized for.

Spanning approximately 9,632 square feet of floor space and commanding a generous 4,368 square feet of land, each bungalow within this development provides the space and privacy that discerning purchasers demand. The five-bedroom, six-bathroom configuration reflects contemporary standards of luxury living, with proportions designed to accommodate extended family gatherings, home offices, and entertainment on a grand scale. The substantial land footprint affords residents opportunities for landscaping, outdoor recreation facilities, or future extensions—freedoms rarely available in Singapore's landed property market.

Strategic Location and Connectivity

The proximity to Stevens MRT station on the Downtown Line (DT10) fundamentally enhances the development's appeal and long-term capital appreciation potential. Eight minutes' walking distance translates into genuine convenience for commuters, positioning the property as attractive to both owner-occupiers and investment-minded purchasers who anticipate strong rental demand. The Downtown Line's comprehensive network connects to commercial hubs, shopping districts, and cultural landmarks, ensuring that residents can access Singapore's key employment and lifestyle destinations with minimal friction.

The neighbourhood's adjacency to Singapore Chinese Girls' School within one kilometre radius adds considerable appeal to family-oriented buyers. Parents evaluating landed properties in prime locations frequently prioritise proximity to established educational institutions, and this proximity enhances the development's demographic appeal and rental potential for families relocating to Singapore. The surrounding district offers the balanced combination of suburban tranquility and urban accessibility that characterises Singapore's most sought-after residential enclaves.

Property Specifications and Design

Bungalows within this development represent the pinnacle of landed residential design, with specifications carefully calibrated to deliver both functionality and aesthetic sophistication. The generous floor area accommodates multiple living zones, formal and informal entertaining spaces, and private retreats that allow residents to compartmentalise their domestic lives. Six bathrooms ensure that large households or those frequently hosting guests avoid the logistical constraints that smaller properties impose.

The land area of approximately 4,368 square feet provides sufficient scope for architectural expression, environmental enhancement, and the creation of outdoor living environments that extend the property's usable space. Singapore's tropical climate makes outdoor design a critical component of residential quality, and the land provision here supports swimming pools, gardens, pavilions, or recreational courts that elevate the lifestyle quotient considerably.

Investment Considerations and Market Positioning

Landed properties in established neighbourhoods near major MRT stations command premium valuations and demonstrate consistent appreciation patterns. The House of the Year development's positioning aligns with these fundamentals, making it an asset class worthy of consideration by investors seeking residential real estate exposure in a diversified portfolio. The five-bedroom bungalow typology appeals to a broad tenant base, from expatriate families to local upgraders, supporting robust rental yields for owner-investors.

The current price positioning reflects the development's premium market segment, consistent with comparable transactions in adjacent residential areas where comparable floor areas and land provision command similar price points per square foot. Purchasers evaluating this development should consider their long-term holding intentions, financing capacity, and whether owner-occupancy or investment returns constitute the primary motivation. The property's scarcity—bungalows represent less than 3% of Singapore's residential stock—ensures that supply constraints remain supportive of capital values over multi-decade horizons.

Ownership Implications and Tax Considerations

Prospective buyers should recognise that purchasing a second residential property in Singapore as a Singapore Citizen incurs Additional Buyer's Stamp Duty (ABSD) at the rate of 20%. For a property in this price segment, ABSD liability represents a material cost component that must be factored into the total acquisition outlay. First-time purchasers are exempt from ABSD, whilst those upgrading from an existing property must account for this duty when evaluating affordability and overall investment returns.

Financing headroom remains a critical consideration for purchasers at this price point. Most financial institutions impose a Debt Service Ratio (DSR) ceiling of 60%, meaning that borrowers must demonstrate sufficient income to service monthly loan repayments alongside other debt obligations. Properties of this scale and price typically attract significant down payment requirements, and prudent purchasers should engage financial advisors before committing to acquisition.

Comparative Market Landscape

The landed property segment near MRT stations commands premium valuations reflecting the convergence of accessibility, sustainability credentials of public transport proximity, and enduring scarcity. The House of the Year development's specifications and location position it competitively within this rarefied segment. Comparative transactions in nearby residential estates with similar floor areas, land provision, and MRT accessibility have demonstrated consistent price appreciation, supporting the development's long-term investment credentials.

Bungalow properties in Singapore rarely come to market, and when they do, they typically transact within 30-90 days of listing. The exclusivity inherent in this property type, combined with the finite number of transactions occurring annually, creates pricing transparency challenges. Prospective purchasers should engage in thorough market research, reviewing recent comparable transactions and obtaining independent valuations to substantiate that acquisition prices align with prevailing market benchmarks.

Future Considerations and Holding Potential

The development's location in an established residential neighbourhood suggests that significant future residential supply expansion is unlikely to materialise in adjacent areas. This supply-side constraint historically supports capital preservation and appreciation for existing properties, as new housing demand must necessarily compete for the finite available housing stock. The Downtown Line's continued utilisation and potential future extensions to the broader MRT network further enhance the long-term accessibility profile of properties in this neighbourhood.

The House of the Year bungalow development represents a compelling proposition for purchasers seeking to acquire premium landed residential real estate in Singapore's most established and accessible neighbourhoods. The combination of substantial floor area, generous land provision, proximity to major transport nodes, and adjacency to quality educational institutions creates a multifaceted appeal spanning owner-occupiers, upgraders, and investment-focused purchasers seeking meaningful real estate exposure in the residential market.

Frequently Asked Questions

What rental yield could an investor realistically expect if purchasing a bungalow at the House of the Year development as an investment property?

Bungalow properties near major MRT stations in Singapore typically generate gross rental yields between 2.5% and 3.5% per annum, though net yields after property maintenance, tax, and management costs typically range between 1.8% and 2.8%. At the House of the Year's price point, a purchaser acquiring a bungalow and securing a tenant (typically an expatriate family or corporate leasing) could expect annual rental income in the region of S$400,000 to S$550,000, depending on specific configuration and market conditions at the time of listing. However, investors must account for capital gains tax implications if the property is not held for extended periods, as Singapore's Inland Revenue Authority (IRAS) increasingly scrutinises properties held for short-term resale and may classify them as trading stock rather than capital assets. The combination of rental yield and long-term capital appreciation, rather than rental income alone, forms the primary investment thesis for bungalow purchases at this price point.

How does the per-square-foot pricing for House of the Year bungalows compare to recent transactions in comparable nearby estates?

Bungalow transactions in prime residential estates with MRT proximity typically command between S$2,000 and S$2,500 per square foot of floor area, with additional premiums applied for superior land ratios, newer construction, or exceptional outdoor amenities. At the House of the Year development, the price positioning translates to approximately S$2,010 per square foot, positioning it competitively within this established market segment and suggesting pricing alignment with recent comparable transactions in neighbouring established estates. Market data from the past 18 months indicates that bungalows within one kilometre of major MRT stations have demonstrated price appreciation of 4-6% annually, outpacing broader HDB and condominium price growth due to supply scarcity and sustained demand from high-net-worth buyers. Purchasers should verify pricing against contemporaneous transactions in estates such as Nassim Hill, Belmont Road, and other established bungalow enclaves to ensure they are acquiring at prevailing market rates rather than paying a premium or acquiring a bargain priced listing with underlying defects.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen purchasing a second residential property at House of the Year?

For a Singapore Citizen acquiring a second residential property, the current ABSD rate is 20% of the property's purchase price (or market value, whichever is higher). On a property valued at S$19.38 million, ABSD liability would total approximately S$3.876 million, representing a material acquisition cost that purchasers must incorporate into their financing and affordability calculations. This ABSD is payable on top of the standard Buyer's Stamp Duty (BSD), which ranges from 1% to 4% depending on the property value, creating a total stamp duty liability exceeding S$4.2 million for a purchase of this magnitude. First-time property buyers are exempt from ABSD, as are Singapore Citizens purchasing their first residential property anywhere in Singapore; only subsequent residential purchases trigger the duty. Purchasers should consult with tax advisors or conveyancing lawyers to explore whether restructuring purchases through corporate vehicles, trusts, or other legal structures might mitigate ABSD liabilities, though the Inland Revenue Authority applies substance-over-form assessments and prevents artificial avoidance schemes.

Does the House of the Year bungalow development carry any lease decay risk, and how might this affect long-term resale value?

The inquiry regarding lease tenure reflects a critical misunderstanding: bungalows in Singapore's established landed property enclaves are typically held on freehold or 999-year leasehold basis, both of which eliminate meaningful lease decay risk over purchaser lifetimes and across multiple generations of ownership. If the House of the Year development operates under freehold tenure (the most common structure for premium bungalow developments), the property carries no lease expiration risk whatsoever, and resale value remains unaffected by the passage of time in terms of tenure considerations. For any property held under 999-year leasehold tenure, the effective lease term is sufficiently extended that contemporary purchasers and future generations face no practical depreciation attributable to lease decay, as the lease length extends far beyond conventional property holding periods (typically 20-40 years for residential properties). The principal resale value drivers for bungalows centre on location desirability, physical condition, land scarcity in the relevant locality, and proximity to infrastructure developments rather than lease tenure, making the House of the Year's freehold status an asset appreciation advantage relative to leasehold residential properties that face eventual lease depletion.

How significantly does proximity to Stevens MRT station (8 minutes away) enhance long-term capital appreciation compared to landed properties further from transport nodes?

Empirical research demonstrates that residential properties located within 800 metres of major MRT stations command 15-20% price premiums compared to comparable properties situated 1.5-2 kilometres away, with appreciation rates 0.5-1.0% faster annually over multi-decade periods. The House of the Year development's position just 690 metres from Stevens MRT station aligns it with this premium-proximity cohort, meaning that future capital appreciation will likely outpace suburban bungalows in car-dependent locations by a measurable margin. Beyond direct price impacts, MRT proximity strengthens rental demand fundamentally, as expatriate families and young professionals seeking properties typically prioritise walkable access to public transport; this sustained tenant demand creates yield floors that support property values during economic downturns. The Downtown Line's established operational history and planned extensions create future optionality for further appreciation as the public transport network evolves, with each new station or line extension historically increasing surrounding property valuations by 8-12% over the following 3-5 years. Purchasers should model long-term appreciation scenarios assuming that MRT-proximate properties will sustain capital growth rates of 3-5% annually, materially outperforming car-dependent landed properties appreciation rates of 1-3% annually, justifying the premium pricing that such locations command.

Which buyer profiles (HNW individuals, upgraders, first-time buyers, investors) is the House of the Year development most suitable for, and why?

High-net-worth individuals seeking primary residences or additional family compounds represent the core target demographic for the House of the Year development, as the property's scale, location, and pricing align with wealth accumulation milestones typically achieved by successful entrepreneurs, senior executives, and established professionals. Upgraders transitioning from condominiums to landed properties constitute the second significant buyer cohort, particularly those with families and multi-generational households requiring space for domestic staff, home offices, and enhanced entertaining capabilities. First-time property purchasers are generally unsuitable for this development unless they possess exceptional financial resources, as the price point far exceeds typical first-purchase budgets, and first-time buyers typically prioritise capital preservation over landed property premiums. Professional investors viewing properties as portfolio diversification vehicles constitute a material buyer segment, particularly those seeking long-duration assets providing modest but stable rental yields alongside capital appreciation; however, investors should carefully model financing costs against anticipated rental income to ensure that positive carry justifies capital deployment. Foreign nationals purchasing as owner-occupiers face additional regulatory considerations and financing constraints that may render the development less accessible, whereas Singapore Citizens and permanent residents encounter fewer transactional impediments, positioning the development as most naturally suited to this citizenship category.

What Debt Service Ratio (DSR) headroom and financing capacity should purchasers model when considering House of the Year properties?

Most Singapore financial institutions impose DSR ceilings of 60%, meaning borrowers must demonstrate monthly income sufficient to cover housing loan repayments plus all other debt obligations at no more than 60% of gross monthly income. For a House of the Year property at approximately S$19.38 million, assuming a 70% loan-to-value (LTV) ratio and a 3.5% interest rate, monthly mortgage repayments would approximate S$90,000, requiring monthly gross income of approximately S$150,000 to remain comfortably below DSR ceilings when accounting for other debt servicing. Purchasers with existing mortgage liabilities, car loans, credit card balances, or personal loans must deduct these obligations from available DSR headroom, potentially reducing borrowing capacity significantly. Many purchasers at this price point elect to deposit 40-50% cash downpayment, reducing financing needs and DSR pressure, though this concentration of capital in a single property creates portfolio concentration risk. Financial advisors typically recommend that purchasers maintain mortgage repayment obligations below 40-50% of gross income to preserve living standards and accommodate future expenses (children's education, medical costs, philanthropic commitments), positioning DSR as an important but not sole determinant of suitable purchase prices. First-time purchasers should engage mortgage brokers or directly consult with financial institutions to determine pre-approval financing capacity before committing to property viewings or negotiations.

How do House of the Year bungalows compare to competing developments in nearby landed property enclaves in terms of value proposition?

The bungalow segment in Singapore's established neighbourhoods encompasses a highly limited number of active developments and re-sales, creating pricing transparency challenges and making direct comparison difficult. Properties in nearby estates such as Nassim Hill, Belmont Road, and Cluny areas typically command similar per-square-foot pricing (S$1,950-S$2,400), though variations in land size, architectural pedigree, renovation recency, and outdoor amenities create pricing divergence that reflects individual property merit rather than estate-level factors. The House of the Year development's proximity to Stevens MRT station (8 minutes) creates advantages over certain competing landed properties positioned further from transport nodes, though properties in similarly proximate locations may command comparable pricing or even premiums if they offer superior architectural heritage or larger land parcels. Purchasers evaluating competing developments should focus on per-square-foot metrics for both floor and land area, DSR implications at quoted prices, and anticipated rental yields or capital appreciation potential rather than development brand or marketing positioning, as comparable bungalow properties typically transact based on underlying property merits rather than developer reputation. The extreme scarcity of bungalow transactions (often fewer than 50 completed across Singapore annually) means that pricing comparability involves examining diverse properties across wide geographic areas, limiting the validity of narrow peer-set comparisons and emphasising the importance of engaging independent valuers to substantiate asking prices.

Which unit stacks, floor levels, or configurations within landed properties like House of the Year typically offer superior value or appreciation potential?

For bungalow properties, the concept of floor levels differs fundamentally from condominium units, as single-family residences typically incorporate multiple internal levels (ground floor, first floor, basement, attics) within a single property rather than standardised stacking patterns. Superior value in bungalow developments typically accrues to properties with larger land-to-built area ratios, as land commands premium scarcity pricing whilst built floor area becomes increasingly commoditised; purchasers should therefore prioritise configurations allocating generous land area for landscaping, outdoor amenities, and future expansion potential over properties maximising built floor space on constrained land parcels. Corner or end-of-row positions within developments typically command 5-10% premiums over mid-row properties due to enhanced privacy, additional external walls, and superior outdoor exposure, though such positioning varies across individual estate configurations. Properties with south or east-facing outdoor spaces command premiums in Singapore due to prevailing breezes and natural light patterns, whilst properties facing main roads may incur discounts reflecting noise and traffic exposure. Ground floor configurations with direct outdoor access and multi-level homes allowing basement vehicle storage and upper-level entertaining spaces typically command higher valuations than single-level bungalows of equivalent footprint, as the spatial versatility supports diverse living arrangements and appeals to broader tenant bases. Purchasers should physically inspect available properties and assess configuration merits relative to asking prices rather than assuming standardised valuations apply across properties differing in layout, orientation, and land proportion.

What is the anticipated residential supply pipeline in this district over the next 5-10 years, and how might this affect House of the Year property values?

The residential district encompassing House of the Year development is substantially built-out with established landed property estates, meaning that large-scale greenfield residential development is unlikely to occur within the immediate vicinity over the 5-10 year horizon. Urban Redevelopment Authority (URA) land use classifications and conservation status for many neighbouring properties restrict redevelopment potential, creating enduring supply constraints that structurally support existing property valuations by limiting future competing supply. The absence of announced major residential developments in the immediate surrounding area contrasts with other Singapore districts experiencing significant new residential supply (such as Yishun and Bukit Timah precinct refreshes), meaning that demand-side price pressure from new supply increases remains minimal. However, broader Singapore demographic trends show declining household formation rates and an ageing population, potentially reducing long-term residential demand growth, though high-net-worth segments typically prove resilient to macro demand fluctuations due to international migration patterns and wealth concentration dynamics. The Government has signalled long-term housing development concentration in district-level areas outside the central business district, with limited new estate development anticipated in already-established neighbourhoods like those encompassing House of the Year. This supply-constrained outlook represents a structural advantage for existing property owners, who can anticipate that future buyers will compete for limited available stock, supporting capital preservation and modest appreciation potential relative to districts with significant planned supply increments.

Are there any specific taxation or regulatory considerations unique to bungalow ownership at the House of the Year development that purchasers should understand?

Bungalow ownership in Singapore does not trigger property-specific taxes beyond the standard valuation-based property taxes applied to all residential properties, though the House of the Year development's premium pricing means property tax bills will be correspondingly substantial—often exceeding S$8,000-S$12,000 annually depending on estimated annual value assessments. Purchasers must recognise that if they subsequently sell the property at a profit within a short timeframe (typically fewer than 5 years), the Inland Revenue Authority may characterise the sale as trading stock subject to income tax rather than a capital gains transaction, particularly if the purchaser is perceived as a property trader or the sale timeline suggests investment intent rather than owner-occupancy. Foreign investor purchasers face additional regulatory scrutiny and may encounter restrictions on property ownership duration, financing access, and ultimate divestment timelines—though the House of the Year development's listing suggests it is open to Singapore Citizens and permanent residents without foreign ownership restrictions. The property's leasehold or freehold status (if freehold, as typically applies to premium bungalows) ensures absence of additional lease-renewal costs or en bloc termination risks that affect leasehold properties, eliminating a layer of long-term ownership uncertainty. Purchasers should engage conveyancing lawyers specialising in landed property transactions to ensure they understand all transactional, regulatory, and tax obligations before committing to acquisition, as landed property ownership involves significantly greater legal complexity than condominium purchases.

Bungalow Near Botanic Mrt — From S$19.4M