Type

Units

Min Area

Price Range

2 BR

603 sqft

From S$1.2XM

Property Highlights

2-bed, 1-bath unit at 603 sqft in established Queenstown location
S$1,230,000 asking price; strong connectivity to EW19 within 7 minutes walk
Mature residential precinct with proximity to schools, shopping, and transport
Compact footprint ideal for upgraders and compact-living professionals
Strategic Alexandra Road position balances accessibility with neighbourhood character

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Ref: 24898912

Alexis: A Considered Property Choice in Queenstown

Alexis represents a compelling opportunity within Singapore's established Queenstown precinct, offering a two-bedroom, one-bathroom residence across 603 square feet of thoughtfully proportioned living space. Located at 356 Alexandra Road, this condominium combines practical urban living with the mature character of one of Singapore's most enduring residential districts. The asking price of S$1,230,000 positions the property within a competitive range for investors and owner-occupiers seeking exposure to this sought-after locality.

Neighbourhood Character and Connectivity

Queenstown has evolved into a neighbourhood of genuine substance over several decades, attracting families, young professionals, and astute investors alike. The district benefits from a comprehensive ecosystem of amenities, including established educational institutions, neighbourhood shopping centres, and recreational facilities that have become integral to daily life for residents. Alexandra Road itself occupies a position that balances residential tranquillity with practical accessibility to broader urban nodes.

Transport connectivity defines much of Queenstown's appeal, and Alexis sits within a seven-minute walk—approximately 540 metres—from EW19 Queenstown MRT Station. This proximity ensures seamless connections across the East-West Line, enabling straightforward commutes to the city centre, Changi Airport, and the emerging business hubs along this critical corridor. The walking distance remains manageable for most commuters, eliminating reliance on secondary transport for daily MRT access.

Interior Layout and Space Efficiency

At 603 square feet, this two-bedroom configuration demands intelligent interior planning, and properties of this scale typically prioritise functional zoning over expansive entertaining spaces. The single bathroom serves the residence efficiently, and the bedroom count positions the unit attractively for upgraders transitioning from one-bedroom apartments or investors seeking compact, self-contained rental accommodation. Modern residents increasingly value practical, efficient layouts over sprawling square footage, particularly in well-connected locations where external amenities supplement internal space.

Investment Perspective and Market Position

From an investment standpoint, properties in Queenstown attract a diverse buyer cohort. The neighbourhood appeals to first-time upgraders seeking to move beyond Housing Board properties into the private market, while also engaging investors who recognise the stability and tenant demand that established, well-serviced precincts generate. The price point of S$1,230,000 sits within a range that remains accessible to this broader investor base, particularly those leveraging mortgage financing to build portfolio assets.

Rental yield considerations merit attention for prospective investor buyers. Queenstown's established character and proximity to employment centres generate consistent demand for compact residential rental stock, particularly among young professionals and expat workers seeking short-term or flexible tenancy arrangements. Properties of this size and configuration typically achieve rental rates that deliver mid-range yield outcomes when benchmarked against broader market averages, though individual outcomes depend on precise unit positioning, view aspects, and amenity proximity.

Price Performance Within the District

The S$1.23 million asking price translates to approximately S$2,038 per square foot, a metric that warrants comparison against recent transactional evidence across comparable properties within Queenstown and adjacent precincts. Mature condominiums in this district have demonstrated relative stability in price per square foot metrics, with recent transactions typically ranging from S$1,900 to S$2,150 psf depending on precise location, unit exposure, building age, and amenity offering. Alexis positioning within this range reflects realistic market sentiment for two-bedroom stock within the neighbourhood.

Suitability Across Buyer Profiles

First-time private property buyers will appreciate Alexis's position within a fully serviced, mature residential neighbourhood where external infrastructure and community character are already established. Upgraders moving from Housing Board stock gain immediate access to condominium living with its attendant privileges: lifestyle amenities, management structures, and asset diversification. High-net-worth individuals pursuing portfolio diversification in stable, well-documented markets may view Queenstown properties as ballast investments, providing steady long-term value retention alongside higher-volatility growth assets. Investors specifically targeting compact rental stock will find the two-bedroom configuration aligns with demonstrated tenant demand patterns in this locality.

Financing and Debt Service Considerations

At S$1.23 million, prospective purchasers should anticipate mortgage availability at approximately 80 per cent loan-to-value for owner-occupiers, translating to a down payment requirement of roughly S$246,000 with the remainder financed. Debt servicing capacity, measured by the Total Debt Servicing Ratio (TDSR) framework, typically permits borrowing ratios that accommodate this property price for individuals with stable employment income exceeding approximately S$5,500 monthly. The prevailing interest rate environment directly influences monthly mortgage obligations, with current lending rates between 4.0 and 4.3 per cent generating monthly instalments in the region of S$5,400 to S$5,800 across a 25-year amortisation period.

Future Considerations and Market Trajectory

Queenstown's established status provides inherent stability but invites consideration regarding future development pressures and supply dynamics. The neighbourhood has transitioned from growth-phase development into a mature precincts stage, wherein supply augmentation remains limited and concentrated within specific redevelopment zones. This supply constraint, coupled with consistent underlying demand from the broad resident and investor populations, typically supports stable or modestly appreciating price trajectories over medium-term horizons. Proximity to the MRT station enhances this stability further, as first-mile and last-mile connectivity becomes an increasingly differentiated asset across Singapore's property markets.

Alexis presents as a straightforward, practical property choice for buyers whose priorities emphasise established neighbourhood character, transport accessibility, and efficient spatial configuration. The price point, unit size, and locality combination create natural appeal across multiple buyer categories, supported by underlying market fundamentals that favour Queenstown's long-term trajectory within Singapore's residential property landscape.

Frequently Asked Questions

What rental yield might I expect if purchasing Alexis as an investment property?

Two-bedroom properties in Queenstown typically generate gross rental yields between 3.0 and 4.0 per cent annually, depending on precise unit positioning and amenity appeal. At S$1.23 million, this translates to anticipated annual rental income of S$36,900 to S$49,200 if the property achieves market-rate occupancy. Compact units in this precinct attract consistent tenant demand from young professionals and expat workers seeking flexible tenancy arrangements, though actual rental outcomes depend on interior presentation, unit floor level, and facing direction—with units overlooking the MRT station or Alexandra Road typically commanding rental premiums of 5 to 10 per cent above base rates.

How does the S$1.23M price compare to recent price per square foot transactions in Queenstown?

The asking price of S$1.23 million equates to approximately S$2,038 per square foot, positioning Alexis within the established trading range for mature two-bedroom condominiums across Queenstown. Recent comparable transactions across the district have settled between S$1,900 and S$2,150 psf, reflecting the stability of this neighbourhood's price trajectory and the relative homogeneity of building stock and amenity offerings. Properties with premium facing aspects, higher floor levels, or exceptional renovation standards have achieved the upper end of this range, whilst units positioned lower within their respective buildings or facing secondary roads have cleared at the lower quartile.

What Additional Buyer's Stamp Duty implications should I consider at this price point?

For second-property and investment buyers, Additional Buyer's Stamp Duty (ABSD) becomes payable on purchases exceeding S$180,000, with rates escalating based on citizenship status and property portfolio size. At S$1.23 million, Singapore Citizens purchasing their second property will incur ABSD of 15 per cent on the purchase price, equating to approximately S$184,500—a substantial additional cost that must be factored into total investment outlay. Permanent Residents face a 25 per cent ABSD rate, whilst foreign investors encounter a 30 per cent threshold, making this property considerably more expensive for non-citizen purchasers and rendering the investment analysis substantially less favourable for this cohort.

What lease decay risk should I monitor for this property, and how might it affect resale value?

Without explicit lease tenure data provided, Queenstown condominiums typically range from 99-year leases granted in the 1990s to more recent developments with 125-year or extended lease terms. Properties with original 99-year leases granted in 1995 would currently possess approximately 71 years remaining tenure, a threshold at which capital value begins experiencing measurable decay—typically accelerating once remaining tenure falls below 60 years. This decay mechanism becomes critical for purchase decisions spanning 10+ year holding periods; a property purchased today with 71 years remaining will possess only 61 years at the ten-year mark, potentially triggering TDSR recalculations for new purchasers and constraining the pool of available buyers seeking mortgage financing.

How significantly does proximity to Queenstown MRT Station influence demand and capital appreciation for properties in this area?

Queenstown MRT Station's centrality within the neighbourhood creates a pronounced gravity effect on property valuations, with demand and prices demonstrating measurable premiums for units within 600 metres walking distance versus those positioned beyond this threshold. The seven-minute walk from Alexis places the property within this optimal accessibility band, supporting sustained tenant demand from commuters and positioning it favourably within investor consideration sets targeting strong first-mile connectivity. Capital appreciation trajectories for MRT-proximate properties in established precincts like Queenstown typically outpace broader market movements during economic expansion cycles, though demonstrate greater resilience than geographically isolated properties during downturns, reflecting the fundamental demand stability generated by transport accessibility.

Which buyer profiles would find Alexis most suitable, and why?

First-time upgraders transitioning from Housing Board properties into the private market encounter an attractive entry point, as Alexis's two-bedroom configuration and established neighbourhood character provide familiar spatial proportions and community infrastructure. Young professional couples and small families represent a natural demographic, valuing the compact efficient layout and proximity to employment centres via the adjacent MRT station. Investors specifically targeting compact rental stock recognise that two-bedroom units in Queenstown achieve consistent occupancy rates and attract premium tenants willing to pay above average rents for established neighbourhood credentials and transport connectivity. High-net-worth individuals seeking portfolio stability and land banking within mature precincts may view this property as a non-core but defensible asset alongside more aggressive growth investments.

What TDSR and financing headroom considerations apply at the S$1.23M price point?

At S$1.23 million with an 80 per cent loan-to-value mortgage, the financed amount reaches approximately S$984,000, generating monthly mortgage instalments between S$5,400 and S$5,800 across a 25-year amortisation at prevailing interest rates of 4.0 to 4.3 per cent. Debt Servicing Ratio calculations typically permit total monthly debt obligations not exceeding 60 per cent of gross monthly income, meaning prospective purchasers should demonstrate gross monthly income of approximately S$9,000 to S$10,000 to service this mortgage whilst maintaining regulatory compliance headroom. Professional employees earning in this income band retain sufficient TDSR capacity to accommodate this property purchase whilst maintaining existing personal loans or credit facilities, though self-employed individuals and business owners face more stringent assessment criteria requiring six months to two years of documented income history.

How does Alexis compare to competing two-bedroom developments in adjacent precincts?

Comparable two-bedroom stock across neighbouring Tiong Bahru and Redhill precincts trades within similar S$1.95M to S$2.15M price bands, establishing that Queenstown pricing remains competitive relative to immediately adjacent localities with equivalent accessibility to transport nodes. However, newer developments in Tiong Bahru—which has undergone significant gentrification and appeals to younger demographics—command modest premiums reflecting architectural heritage appeal and precinct momentum, typically translating to S$2,050 to S$2,200 psf for two-bedroom units. Conversely, consolidated Housing Board-adjacent developments in Redhill offer occasional entry points below S$1.95M psf, though these properties typically present longer walking distances to MRT stations and less comprehensive condominium amenity offerings, rendering Alexis's pricing genuinely competitive within its immediate competitive set.

Which unit stack or floor level typically delivers optimal value for this property type?

Mid-stack units (floors 10-18) in Queenstown condominiums traditionally achieve optimal value dynamics, avoiding both the premium pricing associated with higher floors and the relatively modest discounts applied to lower levels where street noise and reduced viewing aspects become marginal concerns. Low-floor units (1-5) typically trade at 5 to 8 per cent discounts versus comparable mid-stack units, a differential that often fails to compensate for compromised views, increased security concerns from street-level access, and reduced natural light penetration. High-floor units (20+) command premiums of 10 to 15 per cent, driven principally by panoramic viewing angles and privacy perceptions, though this premium increasingly compresses as building heights exceed 25 storeys where the incremental viewing benefit plateaus; prudent investors targeting yield optimisation typically gravitate toward mid-stack positioning where acquisition cost restraint maximises return-on-equity metrics.

What future supply pipeline developments might influence property values in the Queenstown district?

Queenstown's supply trajectory has substantially decelerated relative to earlier development decades, with the urban renewal mandate now concentrated within the Housing Board upgrade programme and occasional private redevelopment sites within the broader precinct boundary. The Greater Southern Waterfront project, spanning Queenstown, Harbourfront, and Sentosa, represents the most significant future intervention, though its implementation unfolds across a 20-30 year horizon with phased activations that are unlikely to materially devalue existing residential stock in the near-to-medium term. Conversely, this masterplan's eventual realisation—encompassing enhanced waterfront access, recreational facilities, and cultural attractions—provides credible long-term value support for established residential properties positioned within proximity to these future amenities, suggesting that Alexis's Queenstown location may appreciate modestly as the precinct transitions toward enhanced lifestyle positioning within Singapore's metropolitan landscape.

Alexis Condo 2-bed S$1.23M near Queenstown MRT | PropSG