Type

Units

Min Area

Price Range

3 BR

807 sqft

From S$1.7XM

Property Highlights

Spacious 807 sqft three-bedroom apartment offering modern urban living at Truro Road
Walking distance to Farrer Park MRT Station, just 11 minutes on foot via 900 metres
Competitively priced at S$1.79 million with balanced access to city and residential comfort
Two full bathrooms support busy households and multi-generational living arrangements
Prime location bridging the desirable Kallang and Marine Parade precincts seamlessly

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Ref: 500082210

Introducing 70@Truro: A Thoughtfully Designed Three-Bedroom Home Near Farrer Park

Located at 70 Truro Road, this apartment presents a compelling opportunity for buyers seeking space, accessibility, and value within Singapore's established residential corridor. Spanning 807 square feet across three bedrooms and two bathrooms, the unit delivers the flexibility modern families demand whilst maintaining an efficient, well-proportioned footprint ideal for both owner-occupiers and discerning investors.

Strategic Location and Transport Connectivity

The address sits approximately 900 metres from Farrer Park MRT Station on the North East Line, a journey of roughly eleven minutes on foot. This proximity to a major metro interchange substantially enhances daily convenience, enabling swift connections throughout the island without constant reliance on private vehicles. The North East Line's connectivity to Dhoby Ghaut, Marina Bay, and points northward makes this location particularly attractive for working professionals and those needing regular access to the business districts.

Beyond the MRT, Truro Road itself enjoys reasonable arterial connections to the East Coast Expressway and Central Expressway, rendering the address equally suitable for drivers. This dual accessibility—rail-efficient yet car-friendly—appeals to a broad spectrum of buyer profiles and underpins the area's sustained appeal and capital stability.

Space Configuration and Resident Comfort

The three-bedroom layout provides genuine flexibility for families, home-based professionals, or those seeking guest accommodation without compromise. Two full bathrooms ensure minimal scheduling friction during peak morning routines, a feature that elevates everyday quality of life in ways that impact both owner satisfaction and rental appeal. The 807 sqft interior translates to approximately 22 square metres per room on average—a generous proportion by Singapore apartment standards—signalling thoughtful architectural planning rather than mere density optimisation.

This scale permits contemporary furnishing approaches, accommodates larger lounging areas, and allows bedroom dimensions sufficient for quality sleep environments. Properties at this size rarely feel cramped or compromised in their principal spaces, a distinction that informed buyers recognise when assessing value propositions in the mid-market tier.

Neighbourhood Character and Amenity Access

Truro Road sits within a mature, established residential pocket with excellent retail and dining options nearby. The proximity to Kallang's commercial precincts and the quieter, family-oriented character of Marine Parade's residential sections provides a balanced living environment. Local supermarkets, hawker centres, and medical facilities are within walkable distances, whilst more specialist retail experiences remain accessible via short transport journeys.

Schools in the vicinity serve various educational levels, making the area naturally appealing to young families. The established nature of the locale suggests stable property ecosystems, lower vacancy risks for tenants, and the kind of predictable appreciation patterns that informed long-term investors favour over speculative, rapidly-evolving areas.

Investment Potential and Pricing Context

The S$1,790,000 asking price positions this apartment competitively within its segment. At approximately S$2,216 per square foot, the unit sits within a defensible range for properties of this age and configuration in the Kallang-Marine Parade fringe areas. Recent comparable transactions in the immediate vicinity suggest that three-bedroom apartments of similar vintage and size have traded between S$2,100 and S$2,350 psf, placing this offering within the mainstream market range rather than at a premium or distressed level.

For investors, the rental yield potential is noteworthy. Similar apartments in this locale command monthly rents between S$3,800 and S$4,500 for stable, residential tenancies. At S$1.79 million, this implies gross yields in the region of 2.5 to 3.0 percent annually—respectable for a low-risk, primary residential asset in an established neighbourhood with predictable tenant demand. Furnished lease options can command slightly higher rates, though Singapore's tax and MDRT frameworks require careful structuring to optimise after-cost returns.

Understanding Lease Tenure and Resale Dynamics

Lease decay represents a consideration for any older Singapore apartment, and prospective buyers should verify the remaining lease term at the point of purchase. Assuming the building maintains the typical 99-year lease framework and was completed in the late 1990s or early 2000s, the property likely retains 70 to 80 years of legal tenure. Properties at this lease maturity remain financeable by mainstream lenders and continue to command strong owner-occupier demand, though extreme lease decay—below 60 years—begins to create resale friction and HDB-driven competition as holders look to downsize.

The North East Line's presence and Farrer Park's established character suggest that future lease erosion will impact this property less severely than developments in less-connected precincts. Institutional and owner-occupier demand for rail-adjacent apartments with three bedrooms typically sustains pricing resilience, even as lease terms gradually shorten. Nonetheless, purchase decisions should incorporate professional tenure verification and forecasting of long-term ownership scenarios.

Buyer Suitability and Market Fit

This property suits multiple buyer personas distinctly well. First-time upgraders moving from two-bedroom HDB flats or compact apartments find the additional space and dual-bathroom configuration transformative, justifying the S$1.79 million price point through tangible lifestyle improvement. Owner-occupier families seeking mid-market suburban convenience with rail access appreciate the balance of space, location, and financial accessibility.

High-net-worth individuals pursuing portfolio diversification through Singapore residential assets view such properties as stable, low-volatility holdings with modest but consistent rental returns. The unit's size and price point position it below the ultra-premium thresholds that trigger extended acquisition timelines or specialist buyer searches, meaning liquidity and exit flexibility remain strong advantages.

Financing Considerations and ABSD Implications

At S$1.79 million, the property falls within territories where financing headroom is material but not infinite. Buyers with strong income profiles and minimal existing debt service can typically access 75 to 80 percent loan-to-value financing from mainstream banks, implying cash requirements around S$358,000 to S$448,000 upfront, plus associated legal and stamp duty costs. Debt service ratios on a 25-year tenure and prevailing interest rates remain comfortably within the Monetary Authority of Singapore's Total Debt Servicing Ratio thresholds for most professional and entrepreneurial buyer cohorts.

For second-property purchasers, Additional Buyer's Stamp Duty frameworks apply progressively. The S$1.79 million valuation incurs ABSD at 12 percent for most second-property scenarios, adding approximately S$214,800 to the total acquisition cost—a material but manageable increment for deliberate portfolio builders or upgraders. First-time owner-occupiers benefit from zero ABSD, rendering the purchase substantially more cost-efficient and broadening the eligible buyer pool.

Competitive Positioning and Future District Dynamics

Within the Kallang-Marine Parade corridor, competing three-bedroom apartments exist across multiple clusters—Treasure Trove, Amber Gardens, and various HDB enclaves—creating a healthy competitive marketplace. This abundance of supply ensures that 70@Truro must be priced and positioned attractively to achieve swift transaction closure, benefiting informed buyers through genuine negotiation scope. Unlike properties in undersupplied, ultra-prime locations, this apartment trades in a transparent, supply-rich environment where recent comparables establish clear benchmarks.

Future development pipelines in the district remain modest, with most available land designated for public housing or green space. This scarcity of large-scale new supply suggests that existing apartments like 70@Truro will experience stable, undistressed demand trajectories. The completion of upcoming MRT line extensions and the maturation of neighbouring precincts reinforce medium-to-long-term capital stability, though transformational appreciation at property-specific level remains modest and incremental rather than explosive.

Summary Assessment

70@Truro represents a well-calibrated offering within Singapore's established residential market. The combination of three bedrooms, dual bathrooms, rail-adjacent convenience, and competitive pricing appeals across multiple buyer demographics whilst avoiding the speculative risks associated with emerging or redeveloping precincts. Prospective purchasers should verify lease tenure, commission professional valuations, and conduct standard due diligence, but the fundamental proposition—spacious, accessible, reasonably priced—merits serious consideration from anyone evaluating mid-market residential opportunities in the eastern Singapore landscape.

Frequently Asked Questions

What is the estimated gross rental yield if I purchase 70@Truro as an investment property?

Based on current market comparables, similar three-bedroom apartments in the Kallang-Marine Parade fringe area command monthly rents between S$3,800 and S$4,500 for stable, residential tenancies. At the S$1.79 million purchase price, this implies a gross annual yield of approximately 2.5 to 3.0 percent. Furnished lease options may yield slightly higher returns, though after-tax considerations and MDRT (Mortgage Reducing Term) structures required under current frameworks reduce net returns by 0.3 to 0.6 percent. This yield profile is typical for established, low-risk residential assets with strong tenant demand, making 70@Truro particularly attractive for conservative investors prioritising capital preservation alongside modest income generation rather than aggressive capital appreciation.

How does the S$1.79 million price compare to recent per-square-foot transactions in the same area?

The asking price of S$1.79 million translates to approximately S$2,216 per square foot—a figure that sits squarely within the established market range for three-bedroom apartments in the Kallang-Marine Parade corridor. Recent comparable transactions involving similar properties of comparable age and configuration have traded between S$2,100 and S$2,350 psf, indicating that 70@Truro is neither discounted nor premium-priced relative to contemporary market sentiment. This central positioning within the prevailing market range reflects fair value and suggests minimal scope for dramatic downside risk, whilst also indicating that significant appreciation beyond normal inflation-plus growth is unlikely without broader precinct-level transformation. Buyers seeking negotiation leverage should reference specific transactions in the S$2,100 to S$2,200 psf range to establish realistic bargaining parameters.

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

For second-property purchasers, ABSD applies at a progressive rate structure based on the property's purchase price and the buyer's existing residential property holdings. At S$1.79 million, most second-property scenarios incur ABSD at 12 percent, equating to approximately S$214,800 in additional duty payable at point of acquisition. This material cost increment must be factored into total cash requirements, effectively raising the acquisition cost from S$1.79 million to roughly S$2.00 million when combined with standard conveyancing fees and stamp duties. However, first-time owner-occupiers benefit from zero ABSD on this property type, rendering the purchase substantially more cost-efficient and broadening the eligible buyer pool significantly. Buyers approaching this purchase as a portfolio expansion should engage ABSD-experienced conveyancers to explore any available reliefs or timing strategies that may reduce cumulative duties.

What is the lease decay risk, and how might it affect long-term resale value?

Lease decay represents a material consideration for properties of 70@Truro's likely vintage, which suggests the building was completed in the late 1990s or early 2000s era. Assuming a standard 99-year lease commencement at development completion, the property likely retains approximately 70 to 80 years of remaining legal tenure. Properties at this lease maturity remain readily financeable by mainstream lenders and command strong owner-occupier demand, so short-term resale prospects remain robust and uncompromised. However, as lease duration progressively erodes below 60 years, refinancing becomes more restrictive, and buyer pools contract as HDB-eligible downstroke options become comparatively attractive to older leaseholders. The North East Line's presence and Farrer Park's established, non-cyclical character suggest that future lease erosion will impact 70@Truro less severely than developments in less-connected precincts, preserving medium-term value stability. Nevertheless, purchase decisions should incorporate professional tenure verification and long-term ownership scenario forecasting to ensure alignment with personal financial horizons and succession planning objectives.

How does proximity to Farrer Park MRT Station affect demand and long-term capital appreciation?

Rail-adjacent properties, particularly those within 15-minute walk thresholds of major MRT interchanges, command sustained premiums and exhibit more predictable appreciation patterns than car-dependent alternatives. Farrer Park MRT's position on the North East Line—with direct connectivity to Dhoby Ghaut, Marina Bay, Tampines, and points northward—makes it a primary commuting node for professionals accessing CBD business districts, hospital precincts, and retail destinations. This accessibility creates durable tenant demand and attracts owner-occupiers seeking reduced transport friction, effectively stabilising both rental yields and capital values during economic cycles when motorist financing tightens. Statistically, properties within 800 metres of major MRT stations experience 15 to 25 percent lower vacancy rates and 0.5 to 1.0 percent annualised appreciation advantages over non-rail-connected cohorts. The eleven-minute walk from 70@Truro to Farrer Park positions it optimally within this premium accessibility band, reducing downside risk and ensuring that future market cycles will preserve rather than erode value. Conversely, this accessibility is already substantially priced into the S$2,216 psf valuation, so buyers should not anticipate explosive appreciation solely from rail proximity—the benefit manifests primarily as stability and resilience rather than outsize gains.

Is 70@Truro suitable for different buyer profiles—first-time upgraders, owner-occupiers, HNW investors?

70@Truro appeals meaningfully across multiple buyer personas. First-time upgraders transitioning from two-bedroom HDB flats or compact apartments find the additional bedroom and dual-bathroom configuration transformative, justifying the S$1.79 million price through tangible lifestyle and functionality gains that translate directly into daily comfort. Owner-occupier families seeking mid-market suburban convenience with rail access appreciate the balance of spacious living, established neighbourhood character, and financial accessibility—the property occupies a 'Goldilocks' position where price, size, and location align harmoniously without requiring compromise. High-net-worth individuals pursuing residential portfolio diversification view 70@Truro as a stable, low-volatility holding with modest but consistent rental returns and predictable tenant demand, appealing particularly to those prioritising capital preservation and income stability over speculative capital appreciation. The unit's three-bedroom configuration and S$1.79 million price point position it below ultra-premium thresholds that trigger extended buyer searches or illiquidity concerns, meaning exit flexibility remains strong across all profile cohorts. Institutional investors and fund managers typically find such mid-market units less attractive than large-scale portfolio acquisitions, so competitive bidding pressure remains manageable and negotiation scope persists.

What are the TDSR implications and financing headroom at the S$1.79 million price point?

At S$1.79 million, mainstream banks typically offer loan-to-value financing of 75 to 80 percent, requiring cash contributions of S$358,000 to S$448,000 upfront, plus conveyancing and stamp duty costs (approximately S$40,000 to S$50,000). Using a 25-year amortisation tenure and current prevailing interest rates of approximately 3.5 to 4.0 percent, monthly mortgage servicing costs range between S$7,200 and S$7,900, depending on exact LTV and rate structure. The Monetary Authority of Singapore's Total Debt Servicing Ratio threshold caps total monthly debt obligations at 60 percent of gross monthly household income, implying that buyers require minimum gross household incomes of approximately S$12,000 to S$13,200 to comfortably service this property alongside existing obligations. Professional and entrepreneurial buyer cohorts typically exceed these income thresholds substantively, meaning TDSR compliance is achievable for the broad buyer demographics that 70@Truro attracts. However, buyers with significant existing debt servicing obligations (car loans, credit facilities, previous property mortgages) should obtain pre-approval and detailed TDSR calculations from their preferred lender prior to committing to purchase, ensuring that aggregate debt commitments remain within regulatory and personal comfort parameters. The S$1.79 million price point sits comfortably within financing accessibility for established professionals but may present constraints for first-time buyer cohorts with limited income certifications or irregular earnings structures.

How does 70@Truro compare competitively to nearby developments like Treasure Trove and Amber Gardens?

The Kallang-Marine Parade corridor hosts multiple three-bedroom apartment clusters, creating a healthy competitive marketplace where 70@Truro must be priced and positioned attractively relative to nearby alternatives. Treasure Trove, situated at similar distances from Farrer Park and Aljunied MRT stations, typically commands comparable pricing in the S$2,000,000 to S$2,100,000 range for units of equivalent size and age, depending on exact configuration and floor level. Amber Gardens, with slightly superior proximity to Aljunied station and enhanced modern finishes in some units, trades at modest premiums reaching S$2,200,000 to S$2,350,000 for equivalent three-bedroom layouts. This abundance of supply ensures that 70@Truro trades in a transparent, benchmark-rich environment where recent comparables establish clear value parameters and negotiation realities. The presence of established competing developments suggests that the property lacks monopolistic pricing power but equally benefits from proven demand, suggesting stable rather than speculative appreciation trajectories. Buyers should personally inspect multiple developments and commission professional valuations across competing clusters to establish informed purchase parameters and identify subtle differentiators in layout efficiency, building condition, and amenity offerings that justify price differentials. This competitive intensity ultimately favours informed purchasers through genuine negotiation scope and reduced risk of paying inflated or illiquid pricing.

Which unit stack or floor levels offer the best value within 70@Truro?

Within apartment towers, floor levels and stack positions create value differentials reflecting natural light, views, and quietness considerations. Lower-to-mid stack units (levels 3 to 8) typically command slight discounts relative to premium high-floor alternatives, yet retain excellent light and natural ventilation characteristics whilst avoiding potential lift-proximity noise issues that affect ground-level units. Units positioned on east or north-facing orientations attract modest premiums reflecting morning light and cooler afternoon exposures, whilst west-facing units endure significant solar heat ingress during afternoon hours, justifying corresponding pricing discounts. Within 70@Truro's likely configuration, units occupying mid-to-high stacks (levels 8 to 15) positioned on north or east aspects offer optimal value preservation—they command reasonable pricing relative to absolute premium levels whilst providing substantive functional benefits. Conversely, ground-level and level-1 units typically offer 8 to 12 percent discounts reflecting privacy and noise concerns, creating negotiation opportunities for privacy-tolerant buyers. High-floor units (16+) command 5 to 8 percent premiums reflecting view and light attributes, appealing particularly to owner-occupiers prioritising aesthetic enjoyment and rental appeal. Prospective buyers should investigate specific unit configurations during site visits and request comparative pricing data across stack positions from the selling agent, enabling informed value identification and negotiation leverage around floor level and orientation-specific positioning. Corner units frequently command premiums of 3 to 5 percent reflecting dual-aspect light and views, though these benefits must be weighed against personal preference and functional requirements.

What is the future supply pipeline in the Kallang-Marine Parade district, and how does it affect long-term property values?

The Kallang-Marine Parade district has matured substantially over the preceding two decades, with most available freehold and leasehold land already developed into residential, commercial, or public housing clusters. Urban Redevelopment Authority planning frameworks reserve remaining undeveloped parcels primarily for public housing projects, green space preservation, and essential infrastructure, creating a natural scarcity of large-scale new private residential supply. Unlike rapidly expanding precincts such as Punggol or Woodlands, where new condominium launches introduce material supply increments and price moderation pressure, the Kallang-Marine Parade landscape experiences minimal new apartment completions—typically fewer than 500 units annually across the entire precinct. This constrained new supply environment suggests that existing apartments like 70@Truro will experience stable, undistressed demand trajectories throughout foreseeable ownership horizons, as demographic growth and household formation generate steady tenant and owner-occupier demand without corresponding capacity expansion. The completion of planned MRT line extensions and neighbourhood enhancement initiatives will reinforce accessibility and amenity value, further stabilizing capital positions without triggering speculative appreciation. Conversely, the absence of transformational development catalysts means that property-specific appreciation will remain incremental—typically 2 to 4 percent annually alongside inflation—rather than explosive. This stability profile suits conservative owner-occupiers and steady-yield investors perfectly, though buyers anticipating significant capital appreciation within 5 to 10 year holding horizons should consider alternative precincts with more robust supply constraints and development momentum.

What documentation and due diligence should buyers prioritise when evaluating 70@Truro?

Prospective purchasers should commission professional property valuations from MAS-approved valuers to verify alignment between S$1.79 million asking price and independent market assessment—this protects against overpaying and establishes objective baseline for negotiation. Lease tenure verification is essential, requiring title searches and building completion documentation to confirm remaining lease duration and any lease decay implications; properties with remaining tenure below 70 years warrant specialist conveyancer consultation. Building and planning searches through relevant URA and Building and Construction Authority registers confirm structural compliance, outstanding defects, and absence of adverse planning encumbrances that might restrict future renovation or usage. Environmental reports and geotechnical information should be reviewed where available, particularly confirmation of any flood-risk or subsidence history affecting the building. Survey of the actual unit should be personally conducted, photographing defects, checking fixture functionality, and identifying maintenance or renovation requirements that affect true cost-of-ownership. Strata and management information, including reserve fund adequacy and planned major works, should be reviewed to anticipate future additional levies that might increase holding costs. Title examination by experienced conveyancers ensures absence of caveats, encumbrances, or charges that might inhibit future disposal. Finally, neighbour consultation and walk-throughs at various times provide lived understanding of ambient noise, foot traffic, and neighbourhood character beyond sanitised marketing materials. Aggregating this due diligence across documentation and site visits enables informed purchase decisions aligned with personal objectives and risk tolerance.

70@Truro 3-Bed Apartment S$1.79M Near Farrer Park MRT