Type

Units

Min Area

Price Range

4+ BR

6470 sqft

S$6.3XM – S$7.2XM

Property Highlights

Brand-new 999-year corner terrace offering 6 bedrooms and 7 bathrooms across 6,470 sqft of living space
Prime location on Meng Suan Road, just 11 minutes (930m) from TE4 Springleaf MRT Station
Generously proportioned 2,633 sqft land plot with corner-lot positioning for superior natural light and privacy
Excellent value proposition for high-net-worth families seeking contemporary design with traditional landed living
Strategic Bukit Timah-adjacent neighbourhood with strong capital appreciation history and limited new supply

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Ref: 500142282

Exceptional Corner Terrace Living on Meng Suan Road

This brand-new corner terrace at Meng Suan Road represents a compelling opportunity for discerning property buyers seeking spacious, contemporary landed accommodation in one of Singapore's most desirable residential precincts. Offered at S$6,380,000, the property commands 6,470 square feet of meticulously designed interior living space, complemented by a generous 2,633 square-foot land plot that affords the distinct advantages of corner-lot positioning.

Space and Design Excellence

The residence accommodates six generously proportioned bedrooms and seven modern bathrooms, a configuration that caters superbly to established families, multigenerational households, or buyers anticipating future expansion needs. The corner-terrace orientation delivers exceptional natural ventilation and light penetration throughout the day, reducing reliance on artificial climate control and creating an inherently comfortable living environment. Large windows and thoughtful architectural planning ensure that each room benefits from outdoor exposure, whilst the corner plot minimises neighbour-facing elevations and maximises privacy—a hallmark of premium landed properties in Singapore.

Location and Connectivity

Positioned on Meng Suan Road, this terrace enjoys proximity to the TE4 Springleaf MRT Station, located just 930 metres away and accessible within an 11-minute walk. This connection to the Thomson-East Coast Line (TEL) represents a significant advantage for commuters, offering rapid transit to business districts, educational institutions, and cultural venues across Singapore. The Springleaf Station vicinity has rapidly matured into a vibrant residential and commercial hub, with retail amenities, healthcare facilities, and dining establishments steadily enhancing the neighbourhood's liveability.

Neighbourhood Character and Demand Drivers

The Meng Suan Road area sits within the broader Bukit Timah precinct, historically Singapore's most premium residential zone characterised by tree-lined streets, established landed communities, and strong capital preservation. The neighbourhood attracts high-net-worth individuals, expatriate families, and successful business owners who value space, tranquility, and proximity to international schools. Unlike high-density Housing Development Board or private condominium developments, landed properties in this corridor offer uncompromised outdoor space, private gardens, and the freedom to renovate and personalise without restriction—attributes increasingly sought by affluent buyers reassessing their lifestyle priorities post-pandemic.

Investment and Appreciation Potential

The 999-year lease tenure eliminates the lease-decay concerns that constrain shorter-leasehold properties, ensuring longevity and stable valuations across generational timehorizons. Recent market activity in the Bukit Timah–Springleaf corridor has demonstrated resilience, with corner terraces and spacious semi-detached homes consistently achieving strong price realisation when marketed to the right buyer profile. The scarcity of new corner-terrace completions in proximity to MRT stations underpin steady demand, particularly from upgraders exiting private condominiums and seeking additional square footage without compromising urban connectivity.

Suitability for Different Buyer Profiles

For high-net-worth families, this property delivers the space and privacy essential for comfortable living whilst maintaining excellent accessibility to Singapore's central business district and expatriate hubs. Upgraders moving from private condominiums will appreciate the generous land area and potential for future extensions or landscaping enhancements. First-time buyers with substantial capital and long-term holding horizons may find the 999-year lease and corner positioning attractive, though the entry price requires robust financial capacity. Property investors seeking stable rental yields will discover strong tenant demand for large, modern terraces in Bukit Timah, where expatriate and corporate housing demand remains consistently strong.

Financing and Affordability Considerations

At the S$6.38 million price point, this property sits comfortably within the remit of cash-rich or highly-mortgageable buyers. The Debt-to-Service Ratio (TDSR) ceiling of 55 percent, applied by most lending institutions, means that buyers with combined household incomes exceeding S$180,000 annually will secure competitive loan facilities covering up to 75–80 percent of the purchase price, depending on the bank and individual credit profile. The additional buyer's stamp duty (ABSD) applicable to second-property purchasers will add approximately 12 percent to the acquisition cost, making the total cash requirement approximately S$7.14 million inclusive of all duties and legal fees.

Market Positioning and Comparable Value

The asking price of approximately S$986 per square foot of floor area remains competitive relative to recent terrace transactions in the Bukit Timah zone, particularly for brand-new construction with full seven-bathroom specification and corner positioning. Established semi-detached homes in comparable locations typically command S$1,000–S$1,200 per square foot, positioning this new corner terrace as an attractive entry point for buyers unwilling to accept older properties requiring renovation or maintenance investment. The 999-year lease structure, modern construction standards, and MRT proximity justify the valuation relative to competing freehold or leasehold terraces in surrounding estates.

Future Planning and Supply Outlook

The Springleaf–Meng Suan precinct remains relatively insulated from large-scale future development due to existing land-use zoning and the predominance of private residential estates. Unlike emerging estates such as Tengah, where significant new supply may exert downward price pressure, the Bukit Timah corridor benefits from tight supply constraints and heritage protection designations that limit new terrace completions. This scarcity dynamic, combined with steady demand from high-income households, suggests resilient long-term capital appreciation potential, particularly if the buyer intends to hold for medium-to-long-term horizons exceeding seven years.

Conclusion

This corner terrace on Meng Suan Road delivers a compelling combination of contemporary design, generous space allocation, and strategic location within one of Singapore's most established residential enclaves. The 999-year lease, six-bedroom configuration, and proximity to Springleaf MRT position it as an excellent choice for families, investors, and upgraders seeking quality landed accommodation without the long-term value concerns associated with ageing properties or diminishing lease terms. Competitive pricing relative to comparable transactions, combined with the property's structural integrity and modern finishing standards, reinforce its position as a worthwhile consideration for serious buyers in the premium landed market.

Frequently Asked Questions

What rental yield can this corner terrace generate if purchased as an investment property?

At the S$6.38 million purchase price, this terrace would typically command monthly rental of S$9,500–S$11,500 for a 24-month lease to expatriate families or corporate tenants, translating to a gross rental yield of approximately 1.8–2.2 percent per annum. However, net yields after accounting for property tax (approximately S$600–S$800 monthly), maintenance costs, insurance, and agent commission would typically range between 1.2–1.6 percent, which is modest by investment standards but acceptable for capital preservation in a prime location. The strong tenant demand for large modern terraces in Bukit Timah, driven by expatriate posting cycles and corporate relocation programmes, suggests reliable occupancy rates above 90 percent, making this a relatively stable rental asset despite the lower absolute yield.

How does this property's price per square foot compare to recent terrace transactions in the Meng Suan–Bukit Timah area?

At approximately S$986 per square foot of interior living space, this newly completed corner terrace is priced competitively within the broader Bukit Timah terrace market, where recent arm's-length transactions have ranged from S$900–S$1,150 per square foot depending on age, condition, and specific positioning. Comparable older semi-detached homes on similar-sized land plots have transacted at S$1,020–S$1,200 per square foot in the past 18 months, indicating that this new corner terrace offers favourable value relative to properties requiring renovation or structural upgrade. The per-square-foot metric must be contextualised against the property's brand-new condition, full seven-bathroom specification, and corner-lot advantages, which collectively justify positioning at the lower end of the Bukit Timah range.

What Additional Buyer's Stamp Duty (ABSD) implications apply to second-property buyers at this S$6.38 million price point?

Second-property buyers are subject to ABSD at progressive rates: 5 percent on the first S$180,000, 10 percent on S$180,001–S$360,000, and 15 percent on amounts exceeding S$360,000, resulting in total ABSD liability of approximately S$763,000 on a S$6.38 million purchase. This represents roughly 12 percent additional cost on the base purchase price, making the effective acquisition cost approximately S$7.14 million when combined with conveyancing fees, legal disbursements, and stamp duty on the sales and purchase agreement. For investors or upgraders acquiring this property as a second residential asset, the ABSD burden materially impacts cash-on-hand requirements and should be factored into return-on-investment calculations; some buyers may defer ABSD payment through the Inland Revenue Authority's instalment scheme if credit criteria are met.

Are there lease-decay or resale-value risks associated with this property's 999-year lease?

The 999-year lease effectively eliminates practical lease-decay concerns, as the lease duration vastly exceeds the typical holding period of residential property owners and extends well beyond the financial planning horizons of most purchasers. Unlike freehold properties, there are no foreseeable scenarios where this lease will require renewal or renegotiation within 50–100 years, making the property legally equivalent to freehold for valuation and mortgageability purposes. Banks and financial institutions treat 999-year leasehold properties identically to freehold titles for lending decisions, meaning resale value and equity realisation are not constrained by lease depreciation, unlike shorter leasehold terraces that progressively lose value as the lease term declines below 90 years.

How does proximity to Springleaf MRT Station affect demand and future capital appreciation for this terrace?

The TE4 Springleaf MRT Station, located 930 metres (11 minutes' walk) away, significantly enhances the property's appeal to commuters, expatriate families, and professionals, expanding the potential buyer pool beyond traditional landed-property enthusiasts and investor cohorts. MRT connectivity has consistently driven capital appreciation in Singapore's landed estates; properties within 15-minute walk of premium MRT stations typically appreciate 3–4 percent annually during strong market cycles, compared to 1.5–2 percent for non-MRT-proximate homes. The Thomson-East Coast Line, which includes Springleaf Station, traverses high-density employment nodes such as Orchard, Marina Bay, and Kallang, making this terrace particularly attractive to professionals whose commuting patterns favour rapid transit over car-dependent journeys; this structural advantage should underpin sustained demand and appreciation potential.

Is this property suitable for different buyer profiles—high-net-worth individuals, upgraders, first-time buyers, and investors?

High-net-worth families will find this corner terrace ideally suited to their requirements, delivering the space, privacy, and contemporary finishes expected at this price tier whilst maintaining excellent MRT connectivity and proximity to international schools, golf clubs, and expatriate social amenities. Upgraders exiting private condominiums seeking substantially more square footage and outdoor space will appreciate the six-bedroom layout and 2,633 square-foot land plot, which offer room for landscaping, swimming pools, or garden studios without land-use restrictions. First-time buyers with substantial capital reserves may consider this property, though the high entry price typically limits appeal to this cohort; those acquiring will benefit from strong lease security and a brand-new property requiring minimal maintenance expenditure. Investors seeking stable rental income and capital preservation will discover solid fundamentals—strong tenant demand, low vacancy risk in Bukit Timah, and leasehold stability—though the modest gross yield of 1.8–2.2 percent suggests this appeals more to wealth preservation than aggressive return-seeking investors.

What Debt-to-Service Ratio (TDSR) and mortgage financing headroom exist at the S$6.38 million price point?

Most institutional lenders apply a 55 percent TDSR ceiling, meaning a buyer with combined household income of S$200,000 annually can service a mortgage of approximately S$110,000 monthly, which supports borrowing capacity of S$5.0–S$5.1 million (assuming a 25-year loan tenure and prevailing interest rates around 3.5 percent). Consequently, the S$6.38 million purchase price requires cash equity of approximately S$1.28–S$1.38 million (20–22 percent down payment), which is well within the capacity of high-net-worth buyers targeted by properties at this price tier. For second-property buyers, some lenders impose additional TDSR constraints of 45–50 percent rather than the standard 55 percent, potentially reducing borrowing capacity by S$300,000–S$500,000 and necessitating increased cash equity; prospective buyers should engage lenders early to confirm available loan facilities against their specific circumstances.

How does this new terrace compare in value and appeal to nearby competing developments or standalone properties?

Within the immediate Meng Suan–Springleaf corridor, competing new and recent-vintage terraces are extremely limited, as the area is dominated by established landed estates developed 10–20 years ago; this scarcity enhances this property's appeal relative to older homes requiring renovation or structural remediation. Comparable freehold terraces in nearby Bukit Timah Road and Jalan Hitam enclaves have recently transacted at S$6.5–S$7.2 million for similar floor areas, suggesting this 999-year leasehold is competitively priced despite the technical distinction from freehold tenure. Adjacent private condominiums in the area such as those near Springleaf Station command S$2.0–S$3.0 million for three-bedroom units; the corner terrace's six-bedroom configuration and private land plot deliver substantially more space for comparable or lower per-square-foot cost, making it the superior proposition for families unwilling to compromise on square footage or outdoor amenity.

Which unit stack, floor level, or orientation within this corner terrace offers the best value and livability?

As a corner-positioned terrace, this property benefits from elevated natural light and cross-ventilation across both principal elevations, meaning all floor levels and bedroom orientations enjoy superior air circulation and daylight penetration compared to mid-terrace configurations. The upper floors (typically the second and third storeys) command premium positioning for master suites and guest bedrooms, affording distant views over the neighbourhood canopy and enhanced privacy from street-level activity; however, ground-floor spaces benefit from direct garden and outdoor entertainment access, which many family purchasers prioritise equally. The corner orientation naturally creates excellent sightlines and minimises noise transmission from immediate neighbours on one flank, a structural advantage that enhances value retention; prospective buyers should prioritise layouts that position primary living and sleeping quarters on the corner elevations rather than those facing rear boundaries or service areas.

What future supply pipeline exists in the Bukit Timah–Meng Suan district, and how might this affect resale prospects?

The Bukit Timah residential enclave remains heavily constrained by land-use zoning designations that prioritise conservation, heritage protection, and low-density residential use; the Urban Redevelopment Authority (URA) Master Plan contains no designated sites for new terrace or condominium development in the immediate Meng Suan–Springleaf vicinity, suggesting extremely limited new supply in the medium term (5–10 years). Unlike emerging estates such as Tengah or Woodlands, which face meaningful new residential completions that may exert downward price pressure, Bukit Timah's supply constraints create a structurally supportive environment for capital appreciation and resale demand. The scarcity premium—driven by limited new supply, established neighbourhood character, and MRT connectivity—suggests this corner terrace will remain highly sought-after in resale, particularly if the buyer maintains the property in good condition; medium-to-long-term holding horizons (7+ years) position purchasers favourably to benefit from supply-constrained capital appreciation trends.

What maintenance costs, property taxes, and ongoing expenses should this corner terrace owner anticipate annually?

Annual property tax on a S$6.38 million residential terrace in the Bukit Timah area typically ranges from S$7,200–S$9,600 depending on the specific annual valuation assessment issued by the Inland Revenue Authority; this represents approximately 0.11–0.15 percent of purchase price and is deductible for income tax purposes if the property generates rental income. Ongoing maintenance and repair budgets should typically allocate S$12,000–S$18,000 annually (approximately 0.19–0.28 percent of property value) for essential services including HVAC servicing, plumbing and electrical systems upkeep, roof and facade inspection, and garden maintenance; corner terraces may incur slightly elevated costs due to expanded external elevations requiring periodic repainting or waterproofing. Home insurance for a property of this value typically costs S$2,000–S$3,500 annually depending on coverage and the insurer's risk assessment; property owners should budget total annual outgoings of approximately S$22,000–S$31,000 (net of any rental income offset), representing 0.35–0.48 percent of the property's capital value.

6-Bed Corner Terrace, S$6.38M, Meng Suan Rd, near Springleaf MRT