Type

Units

Min Area

Price Range

3 BR

1098 sqft

From S$2.7XM

4+ BR

1206 sqft

S$3.0XM – S$4.4XM

Property Highlights

Spacious 3-bedroom, 2-bathroom apartment spanning 1,098 sqft in sought-after Queenstown precinct
Commonwealth MRT station just 19 minutes away (1.6 km), excellent connectivity to business districts
Premium residential address at Media Circle with strong capital appreciation potential
Well-positioned for owner-occupiers and investors seeking quality mid-market luxury
Attractive entry point into established residential neighbourhood with mature amenities

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Ref: 60038052

Bloomsbury Residences at Media Circle: A Premier Queenstown Address

Bloomsbury Residences stands as a distinguished residential offering in one of Singapore's most established and desirable neighbourhoods. This thoughtfully designed 3-bedroom, 2-bathroom apartment presents a compelling opportunity for discerning buyers seeking both comfort and investment potential in the Queenstown precinct. Situated at 61 Media Circle, the property commands a position within a location that has consistently attracted owner-occupiers and astute investors alike.

The apartment encompasses a generous 1,098 square feet of floor area, providing ample room for family living or flexible workspace integration. The configuration of three bedrooms and two full bathrooms reflects a layout philosophy that prioritises both privacy and functional living. This floor plate size places the property in the sweet spot for multi-generational households and professionals who require dedicated home office facilities without sacrificing residential comfort.

Connectivity and Location Advantages

The proximity to Commonwealth MRT Station represents a significant strategic advantage for residents and commuters. Located just 1.6 kilometres away with a typical journey time of 19 minutes, this connection provides seamless access to the East-West Line, one of Singapore's most utilised and heavily connected corridors. The station serves as a critical transport hub linking residential areas to the Central Business District, Changi Airport, and major employment nodes across the island. For professionals working in Marina Bay, the financial district, or eastern zones, this accessibility translates to materially shorter commute times and reduced travel fatigue.

The wider Queenstown neighbourhood has evolved significantly over the past decade, establishing itself as a mature, well-serviced residential district. The area benefits from decades of infrastructure investment and urban planning, resulting in a stable, established character that appeals to long-term residents and investors alike.

Investment Credentials and Market Position

Bloomsbury Residences occupies a mid-market luxury segment that has demonstrated consistent resilience across property cycles. Three-bedroom apartments in this locality have historically maintained strong appeal due to their versatility and suitability across multiple buyer demographics. The S$2,728,000 asking price reflects the current market's valuation of established residential stock in well-connected areas, balancing capital appreciation potential with reasonable entry costs compared to central or near-CBD locations.

The property's position within a known residential scheme with identifiable amenities and facilities provides transparency for both owner-occupiers and investors evaluating long-term capital growth. Unlike newer, speculative launches, established properties in this segment benefit from proven market reception and transparent comparable transaction data.

Neighbourhood Character and Amenities

The Media Circle address sits within an urban setting that combines residential tranquility with accessible urban services. Queenstown has matured into a neighbourhood with established schools, healthcare facilities, dining venues, and retail options that meet the needs of professional households. The area's stability and long-term urban planning framework provide confidence in sustained livability and property value retention.

Residents enjoy proximity to a range of community facilities, recreational spaces, and convenience services that reduce reliance on extended travel for daily needs. This accessibility to everyday amenities represents a quality-of-life factor that consistently features in buyer decision-making and contributes to rental demand strength for investors.

Property Specifications and Layout Considerations

The 1,098 square feet of usable floor area translates to approximately 102 square metres, delivering a spacious proportion that affords flexibility in interior arrangement and furnishing philosophy. The presence of two bathrooms—often a premium consideration for multi-occupancy households—adds significant functionality and reduces morning routine conflicts in family settings. The three-bedroom configuration supports diverse use cases, from traditional family occupation to remote-work-enabled living arrangements or investment strategies targeting multi-generational tenancy.

Floor-to-ceiling heights, natural lighting quality, and unit orientation details—whilst not explicitly detailed in the specification—typically reflect developer standards for this market segment and era of construction. Prospective buyers should conduct personal property inspections to evaluate sightlines, noise transmission characteristics, and specific finishing standards relevant to their individual preferences.

Capital Appreciation and Long-Term Value

Properties in established, well-connected neighbourhoods such as Queenstown have historically appreciated at rates aligned with broader residential market inflation. The combination of mature infrastructure, proven livability, and reliable MRT connectivity creates a solid foundation for sustained capital value. Unlike emerging areas dependent on future infrastructure completion, this neighbourhood offers immediate utility and long-established market recognition.

The price point at S$2.728 million positions this property within a segment where replacement demand remains consistent, underpinned by Singaporean population growth, limited land supply, and sustained demand from upgrading households and regional investors.

Suitability Across Buyer Profiles

This property accommodates multiple buyer archetypes effectively. Young professional couples seeking their first upgrade into larger, established residential stock will find the space and connectivity compelling. Established families prioritising neighbourhood stability and school accessibility benefit from the area's proven residential credentials. Investors evaluating yield potential combined with capital appreciation may appreciate the balance of strong tenant demand and property liquidity offered by this location and configuration. High-net-worth individuals seeking portfolio diversification within Singapore's residential market will recognise the property's positioning within a transparent, liquid segment.

Due Diligence Considerations

Prospective purchasers should conduct thorough due diligence encompassing tenure verification, outstanding encumbrances, and any planned future development in the surrounding precinct that may impact long-term value. Engagement with a qualified property consultant and legal advisor remains essential to fully evaluate the transaction within individual financial and investment contexts. Understanding the specific scheme's maintenance history, sinking fund status, and management efficiency contributes meaningfully to assessment of total cost of ownership.

The property presents a substantive opportunity for buyers seeking established, connected residential stock in a neighbourhood with proven track record and mature amenities. The combination of space, location, and market positioning warrants serious consideration from qualified buyers seeking long-term capital stability and immediate residential utility.

Frequently Asked Questions

What is the estimated rental yield for this property if purchased as an investment?

Based on current market comparable data for three-bedroom apartments in established Queenstown locations with strong MRT connectivity, conservative gross rental yields typically range between 2.5% and 3.2% per annum. At a purchase price of S$2.728 million, this would translate to estimated annual rental income of S$68,000 to S$87,000, depending on specific interior finishes, unit orientation, and seasonal tenant demand cycles. The actual realised yield will depend on the owner's ability to secure tenancy at market rates, maintaining zero vacancy periods, and managing maintenance and management fees effectively. Properties in this neighbourhood have demonstrated consistent tenant interest due to convenient MRT access and neighbourhood stability, supporting achievable rental targets without extended vacancy risk. Investors should factor in property taxes, sinking fund contributions, and management fees when calculating net yield, which typically reduces gross yield by 0.6% to 1.0% annually.

How does this S$2.73M price compare to recent psf transaction data in the Media Circle and Queenstown area?

At S$2.728 million for 1,098 square feet, this property values at approximately S$2,485 per square foot, positioning it within the mid-to-upper range for established three-bedroom stock in the Queenstown precinct. Recent comparable transactions for similar-sized apartments within 800–1,200 sqft in this neighbourhood have generally traded between S$2,300 and S$2,700 psf, depending on specific factors such as floor level, unit orientation, and recency of renovation. The asking price reflects typical market expectations for well-located, established residential product with proven rental demand and MRT accessibility. Premium positioning within this range may be justified by particular unit characteristics such as higher floor levels, exceptional sightlines, or superior finishing standards. Buyers evaluating value should request comparable transaction data from their agents to contextualise this specific property against recent closings and current active inventory in the immediate neighbourhood.

What are the Additional Buyer's Stamp Duty (ABSD) implications for purchasing this property as a second residential property?

For Singapore citizens purchasing a second residential property, ABSD applies at a rate of 15% on the purchase price, totalling approximately S$409,200 for this S$2.728 million transaction. This represents a significant incremental cost beyond the purchase price and should be factored into total acquisition budgeting and financing headroom calculations. For first-time property buyers, ABSD does not apply, making this property substantially more affordable for that demographic. Non-citizen permanent residents face ABSD rates of 25% (approximately S$682,000), whilst non-residents encounter rates of 30% (approximately S$818,400), dramatically altering the total investment outlay. Buyers should engage with their accountants and legal advisors to verify personal residency status and eligibility for any available ABSD remission schemes. Understanding ABSD liability upfront is essential for accurate financial planning and determining whether the property aligns with broader portfolio and tax-efficiency objectives.

What are the lease decay risks, and how might this impact long-term resale value?

The lease tenure structure—whether freehold, 99-year, or 999-year leasehold—critically impacts long-term property value dynamics and should be verified immediately during due diligence. Most HDB flats in Singapore feature 99-year leases with declining residual periods, creating measurable value depreciation as lease terms shorten, particularly once leases fall below 60 years. Private residential developments in areas such as Queenstown commonly feature longer initial lease terms, but buyers must confirm the specific tenure applicable to Bloomsbury Residences. For a property at this price point (S$2.728 million), declining lease value becomes increasingly material—each year represents a proportionally larger nominal value loss on the underlying asset. Properties with fewer than 70 years remaining typically experience accelerated value erosion and face refinancing challenges with mortgage lenders, potentially constraining future resale options. First-time buyers and those with extended holding periods (15+ years) should prioritise properties with remaining leases exceeding 75 years to preserve optionality and minimise depreciation risk.

How does proximity to Commonwealth MRT affect demand and capital appreciation prospects?

MRT accessibility represents one of the strongest determinants of long-term capital appreciation and tenant demand in Singapore's residential market, and Commonwealth Station's prominent position on the East-West Line significantly enhances this property's strategic value. The station directly connects residents to the Central Business District (Raffles Place, Tanjong Pagar), Changi Airport via direct interchange, and major employment centres across the eastern and western zones, dramatically reducing commute burden for working-age cohorts. Properties within 1.5–2.0 kilometres of established MRT stations historically appreciate at rates 0.5–1.0% faster annually than more distant counterparts, compounding significantly over 10–20 year holding periods. The Commonwealth catchment has matured into an established residential zone precisely because of this connectivity, attracting consistent demand from upgrading professionals and families prioritising transport efficiency. Future capital appreciation is likely supported by continued demand from Singapore's working population, with MRT connectivity remaining a non-negotiable criterion for most buyers. The 19-minute walking/travel time to the station remains within the psychological comfort range for commuters, maintaining demand stability even if alternatives emerge elsewhere.

Is this property suitable for first-time property buyers, and what are the key considerations?

Bloomsbury Residences presents a viable option for well-capitalised first-time buyers seeking to enter the established residential market at a scale that mirrors longer-term lifestyle requirements. First-time buyers benefit from zero ABSD liability, rendering the effective purchase price approximately S$409,200 lower than for second-property purchasers, materially improving acquisition economics. The neighbourhood's maturity, proven amenities, and reliable MRT connectivity align well with first-time buyer priorities around livability and long-term value retention rather than speculation. However, at S$2.728 million, this property targets first-timers with substantial equity reserves (typically minimum S$700,000–S$900,000 for comfortable financing and safety margins), requiring either significant savings, parental assistance, or professional income justifying mortgage serviceability. First-time buyers should verify personal mortgage eligibility, stress-test affordability against potential interest rate increases, and ensure the property aligns with medium-term life planning (family formation, career progression, relocation risk). The property's three-bedroom configuration supports long-term family evolution, reducing likelihood of rapid migration to larger properties and supporting retention of capital gains over extended holding periods.

What is the Debt Service Ratio (TDSR) impact, and how much financing headroom exists at this price point?

At S$2.728 million, financing the purchase requires careful assessment of Debt Service Ratio (DSR) limitations, with most lenders restricting DSR to 55% of gross monthly income. Assuming a 70% loan-to-value ratio (approximately S$1.91 million in financing), monthly mortgage service on a 30-year tenure at current rates (~3.0–3.5% per annum) runs approximately S$8,500–S$9,200, requiring gross household monthly income of approximately S$15,500–S$16,700 to remain comfortably within DSR limits. First-time buyers with lower equity bases or sole household income earners may struggle to satisfy serviceable income thresholds, particularly if existing liabilities (car loans, credit lines) reduce available DSR capacity. Prospective buyers should obtain mortgage in-principle approval from their preferred lenders before proceeding with formal offers, allowing realistic assessment of financing feasibility. Buyers with substantial additional liabilities, unstable income, or lower equity bases should carefully model worst-case interest rate scenarios (assuming rates rising to 4.5%+) to ensure affordability sustainability across full loan tenure. Properties at this price point increasingly attract co-purchasing arrangements or parental guarantees to enhance serviceability; buyers should understand tax and legal implications of such structures upfront.

How does Bloomsbury Residences compare to nearby competing developments in terms of value and positioning?

The Queenstown neighbourhood hosts competing residential schemes at various price points, including established developments offering three-bedroom configurations at similar price bands (typically S$2.4M–S$2.9M depending on specific location, floor level, and finishes). Properties in nearby Media Circle and adjacent residential clusters often trade at comparable S$2,300–S$2,600 psf valuations, suggesting this property is neither significantly premium nor discounted relative to immediate neighbourhood benchmarks. Competing developments with proximity to Alexandra MRT or further into established Tiong Bahru precincts may offer marginally lower valuations (S$2,100–S$2,400 psf) but sacrifice the immediate convenience of Commonwealth MRT walkability. Conversely, developments positioned closer to the CBD transition zone (near Clementi or further north) typically command 10–15% premiums reflecting shorter commute times and higher workplace density. Buyers should request comprehensive comparable transaction reports covering 6–12 month windows to objectively position this property's value within local market context. The property's positioning at a mid-range valuation for the Queenstown catchment suggests balanced risk-return characteristics without speculative premium positioning, providing reasonable margin of safety for long-term ownership.

Which floor levels or unit stacks offer the best value, and why should this influence purchasing decisions?

Within this property type, unit positioning critically influences both enjoyment value and rental demand, with corresponding impacts on resale value. Lower floor units (ground to fourth floor) typically trade at 3–8% discounts relative to mid-range floors due to reduced sightlines, increased street noise from Commonwealth MRT station vicinity, and decreased privacy perception for family occupants. Mid-range floor units (sixth to 20th floors, assuming standard building heights) generally command premium valuations due to optimal balance of views, reduced noise transmission, and psychological perception of altitude without associated servicing inefficiencies. Higher floor units (20th+ floors) may command marginal premiums amongst owner-occupiers seeking views and prestige but often trade at relative discounts for investment purposes due to longer average lease-up periods and compressed rental uplift relative to mid-level counterparts. Corner units and those with eastern exposure (morning light) typically outperform comparable standard units, whilst units directly facing heavy traffic corridors or non-optimal sightlines trade at proportionate discounts. Prospective purchasers should physically inspect unit orientation and view composition to verify objective quality justifies relative pricing; unit stack positioning can account for S$100,000–S$250,000 valuation variance within the same building.

What is the future supply pipeline in the Queenstown district, and how might this affect medium-term capital appreciation?

The Queenstown precinct, being a mature, long-established residential neighbourhood, operates under constrained land supply parameters with limited available land for major new residential launches. Most new supply in the broader area consists of en-bloc redevelopment projects converting older apartment blocks into higher-density residential schemes, fundamentally limited in quantum by geography and planning controls. The lack of large-scale greenfield residential development in Queenstown suggests future supply growth will remain modest, supporting relative scarcity value for existing established stock. However, evolving urban planning initiatives across broader Singapore occasionally introduce new residential nodes or rejuvenate adjacent precincts (such as developments in Clementi or Bukit Batok), potentially introducing substitute supply that could moderate appreciation rates. The MRT infrastructure in this region is substantially complete, with no major new interchange or extension projects anticipated to alter connectivity dynamics materially. Investors evaluating this property should monitor urban development and zoning announcements affecting the broader precinct but can expect that supply constraints will continue supporting long-term demand stability. Properties in constrained-supply mature neighbourhoods historically outperform high-supply growth districts during economic slowdowns, suggesting this positioning aligns well with medium-to-long-term value retention and capital appreciation expectations.

3-Bed Bloomsbury Residences, Media Circle – S$2.73M