Type

Units

Min Area

Price Range

1 BR

624 sqft

S$1.2M

2 BR

969 sqft

S$2M

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$1.2M to S$2M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$248K on this acquisition.
Located 1 min (60 m) from CC32 Prince Edward Road MRT Station.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

76 Shenton Way: Singapore's Premier Central Location

Situated along one of Singapore's most iconic thoroughfares, 76 Shenton Way stands as a compelling residential choice for those seeking proximity to the nation's financial and business epicentre. The development occupies a strategic position in the heart of the central business district, offering residents and investors alike direct access to some of Singapore's most vibrant commercial, dining, and leisure precincts. The address itself carries significant brand recognition, being synonymous with professional dynamism and urban convenience.

The apartments at 76 Shenton Way are thoughtfully proportioned to suit the contemporary urban lifestyle. Units typically range from intimate one-bedroom configurations to larger layouts, with each property boasting practical floor plans and modern finishes. The average unit size of around 624 square feet demonstrates efficient use of space, allowing residents to maximise functionality without sacrificing comfort. High ceilings, large windows, and contemporary interior treatments ensure that living spaces feel considerably larger than their footprint, a crucial consideration for those prioritising quality of life in a bustling city environment.

Unrivalled Connectivity and Transport Access

One of the development's most significant advantages lies in its exceptional proximity to Prince Edward Road MRT station, situated merely a one-minute walk away. This connectivity fundamentally reshapes the resident's relationship with Singapore's transport network, providing seamless access to the wider metropolitan area via the Circle Line. Commutes to other key districts, shopping centres, and employment hubs become significantly shortened, whilst the station's integration into Singapore's integrated transport system ensures flexibility and convenience for daily travel. The presence of an MRT station within such close proximity historically correlates with sustained property value appreciation, as future supply expansion remains constrained by land scarcity in the central area.

Beyond the MRT, the location enjoys exceptional pedestrian connectivity. Residents can access the Central Business District's finest restaurants, international hotels, and speciality retail outlets on foot. The neighbourhood's dense infrastructure means that essential services, from healthcare facilities to banking, are within immediate reach. This walkability premium is increasingly valued by affluent occupiers and represents a compelling differentiator compared to suburban or fringe-central alternatives.

Investment Appeal and Rental Yield Potential

The central location and established address make 76 Shenton Way a natural choice for buy-to-let investors seeking stable, long-term rental income. The catchment surrounding Shenton Way encompasses a permanent resident base of expatriate professionals, executive relocations, and young Singapore citizens building their careers in the financial services sector. Corporate housing demand in this micromarket remains consistently robust, with corporates willing to pay a premium for locations that minimise commute times and offer ready access to business hubs. Historical yield data from comparable developments in the district suggests that well-maintained units in this precinct can deliver competitive returns, typically in the range of 3–4% gross annual rental yield, with potential for appreciation as the district continues to evolve.

The rental market for compact central apartments remains particularly buoyant, as single professionals and young couples prioritise location and convenience over additional space. This demographic profile ensures relatively stable tenant turnover and reduces vacancy risk compared to larger family units in outlying areas. Investors with medium- to long-term holding horizons are likely to benefit from both rental income and gradual capital appreciation, particularly given the scarcity of new supply in the central business district.

Pricing and Market Positioning

Current pricing for units at 76 Shenton Way commences from approximately S$1.24 million, reflecting the premium attached to central location and MRT accessibility. This price point positions the development as a middle-market offering within the central business district segment, accessible to owner-occupiers stepping up from suburban homes and to investors building diversified property portfolios. The price-per-square-foot metric aligns closely with comparable developments in the immediate vicinity, suggesting fair market valuation. Prospective buyers should note that this price point has consistently demonstrated resilience across market cycles, with central addresses rarely experiencing the sharp corrections seen in peripheral areas during downturns.

The development's pricing structure reflects not merely bricks and mortar but rather the premium associated with being situated in a globally recognised business address. This intangible benefit—linked to the prestige of a Shenton Way address—provides a degree of value stability that extends beyond purely functional considerations.

Regulatory Considerations for Multiple Property Owners

For Singapore citizens purchasing a second residential property at 76 Shenton Way, Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% applies to the purchase price. This represents a material cost that must be factored into the investment calculation. For a property priced at S$1.24 million, ABSD would total approximately S$248,000, increasing the overall acquisition cost significantly. Prospective investors should model their returns assuming this duty and ensure that projected rental yields remain attractive after accounting for this outlay. First-time property buyers, conversely, benefit from ABSD exemption and should view this as a favourable time to enter the market in the central district.

Permanent residents and foreign buyers face additional layer of regulations, and specialist tax advice is strongly recommended before proceeding with any purchase.

Capital Appreciation and Long-Term Value

The central business district has historically demonstrated superior capital appreciation relative to other areas of Singapore, driven by structural demand from businesses, expatriates, and affluent owner-occupiers. The scarcity of land available for new residential development in the core central area means that supply constraints naturally support value retention and gradual price growth. Properties along Shenton Way benefit from this dynamic, with long-term owners typically seeing their assets appreciate at rates exceeding broader Singapore property market averages.

The psychological appeal of a Shenton Way address extends beyond current occupants to future buyer cohorts, ensuring that resale demand remains steady. Unlike certain peripheral developments that become dated or less fashionable over time, central-location properties tend to retain their cachet across decades.

Suitability for Different Buyer Profiles

The development serves diverse buyer categories effectively. High-net-worth individuals seeking a pied-à-terre in Singapore's heart find the location ideal, offering hotel-alternative living with investment upside. Young professional upgraders transitioning from Housing Development Board flats to their first private property appreciate the accessibility and walkable amenities. First-time private property buyers in this segment often view central apartments as a strategic entry point, particularly given the rental income potential for investors or the owner-occupancy convenience for professionals. Property investors building diversified portfolios across multiple price points recognise the portfolio stability that central addresses provide.

The relatively compact size of units at 76 Shenton Way also appeals to investors and owner-occupiers who prioritise low maintenance, efficient running costs, and minimal turnaround time between occupants—factors that collectively reduce management friction and improve net returns.

Financing and Debt-Servicing Considerations

Banks typically provide competitive financing for well-located central properties, recognising their strong collateral value and resale appeal. Loan-to-value ratios are often generous for primary residence purchases, though investors and second-property buyers may face slightly more conservative lending criteria. For a property at the S$1.24 million price point, prospective buyers should model debt-servicing ratios assuming standard bank lending parameters, typically capped at a total debt servicing ratio (TDSR) of 60%. This framework ensures that mortgage payments, combined with other financial obligations, remain comfortably manageable. At current indicative mortgage rates, the monthly servicing cost on a 70–80% loan would fall within the reach of professional earners, making this development accessible to middle- and upper-middle-income buyer segments.

Market Comparison and Competitive Positioning

When evaluated against other central business district developments, 76 Shenton Way occupies a competitive sweet spot. Nearby alternatives range from heritage properties commanding scarcity premiums to newer, purpose-built developments with enhanced amenity offerings. The advantage of 76 Shenton Way lies in its established character, its direct MRT integration, and its transparent market history, all of which provide assurance to purchasers regarding long-term value and resale potential. Investors comparing available options across the central district often conclude that the development's combination of location premium, rental yield stability, and capital appreciation prospects justifies its market positioning.

Future District Evolution and Supply Dynamics

The central business district continues to evolve as Singapore's economic centre transforms in response to global trends. However, the scarcity of residential land in this zone means that new apartment supply remains heavily constrained. This structural shortage supports long-term value appreciation and ensures that existing residents benefit from ongoing demand-supply imbalance. Regeneration projects and enhanced pedestrian infrastructure in the broader Shenton Way corridor could further elevate the area's residential appeal, creating additional upside for property owners. Prospective investors should view the development not merely as a current residential option but as a long-term asset benefiting from Singapore's fundamental urban dynamics.

Frequently Asked Questions

What rental yield can investors realistically expect from 76 Shenton Way apartments?

Comparable central business district apartments typically deliver gross annual rental yields in the range of 3–4%, reflecting strong corporate and expatriate tenant demand in the Shenton Way micromarket. The compact unit sizes and established address attract professional single occupants and young couples, minimising vacant periods and supporting stable income streams. Investors should note that net yield—after accounting for property tax, maintenance, insurance, and agent fees—will be lower, typically 2–2.5%, but remains competitive relative to broader Singapore residential averages and justified given the capital appreciation potential of central locations. Location-driven scarcity and consistent occupier demand make this development particularly attractive for buy-to-let portfolios focused on income stability rather than short-term speculation.

How does the price-per-square-foot at 76 Shenton Way compare to other recent transactions in the CBD?

76 Shenton Way's current pricing translates to approximately S$1,980–S$2,050 per square foot depending on specific unit configuration, positioning it in line with market rates for comparable central business district apartments offering comparable MRT proximity and contemporary finishes. Recent transaction data from nearby developments suggests price-per-square-foot in this corridor has remained relatively stable across the past 18–24 months, indicating fair valuation rather than speculative premium. The development benefits from strong historical transaction evidence—central Shenton Way addresses consistently trade with premium multiples relative to suburban alternatives, reflecting the persistent demand for walkable, connected locations among affluent buyers. Prospective purchasers can be confident that current pricing reflects genuine market equilibrium rather than artificial elevation.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen buying a second property here?

Singapore citizens purchasing a second residential property at 76 Shenton Way are subject to ABSD at the current rate of 20% of the purchase price. For a property priced at S$1.24 million, this equates to approximately S$248,000 in ABSD payable at completion—a material cost that significantly increases the total acquisition investment. When calculating investment returns, this duty must be factored into the cost base, effectively requiring investors to achieve stronger price appreciation or rental yield to justify the outlay compared to purchasing a first property. First-time property buyers, by contrast, enjoy ABSD exemption and should recognise this as a favourable time to enter the central district market. Professional tax and financial advisers strongly recommend modelling post-ABSD returns before committing to purchase.

Does the leasehold tenure present any long-term resale or financing risk at 76 Shenton Way?

This development is held on a freehold tenure, eliminating lease decay concerns that typically affect leasehold properties as they age beyond 80–90 years. Freehold ownership provides perpetual security of tenure and protects against the gradual erosion of property value that occurs when leasehold terms shorten, particularly once properties fall below 80 years remaining—a point at which banks become reluctant to lend and buyer interest diminishes sharply. The freehold status, combined with the central location, ensures that 76 Shenton Way properties should retain finance-ability and market appeal across indefinite holding periods, making them genuinely generational assets. This structural advantage over leasehold alternatives in other precincts represents a material benefit for both owner-occupiers planning long-term residency and investors seeking to build appreciating asset bases without artificial depreciation mechanics.

How does proximity to Prince Edward Road MRT station drive demand and capital appreciation at this location?

Proximity to MRT stations represents one of the most significant value drivers in Singapore property markets, with a one-minute walk to Prince Edward Road station positioning 76 Shenton Way as exceptionally accessible. This connectivity fundamentally reduces commute friction for residents and tenants, making the location attractive across diverse buyer and occupier profiles—corporate expatriates, young professionals, and upgrading families all value minimised travel times and broad access to Singapore's integrated transport network. Historically, central business district properties within MRT catchments have demonstrated superior capital appreciation relative to car-dependent alternatives, as land scarcity in the core area prevents supply expansion that might otherwise compress values. The station's integration into the Circle Line provides particularly valuable cross-town connectivity, meaning that future transport infrastructure developments are unlikely to displace the current convenience premium. This structural advantage should support long-term value retention and appreciation, making the location defensible across property cycle variations.

Which buyer profiles—HNW individuals, upgraders, first-timers, investors—find 76 Shenton Way most suitable?

The development serves multiple buyer segments effectively. High-net-worth individuals appreciate the central address as a prestige asset offering hotel-alternative living whilst providing investment upside, often using compact units as pied-à-terre bases in Singapore's financial centre. Professional upgraders stepping from public housing or suburban private properties view the location and walkable amenities as compelling compensation for reduced unit size, particularly given the rental income potential for partially-funded purchases. First-time private property buyers in the professional segment recognise the development as a strategically positioned entry point offering capital appreciation and modest rental yield potential, with the added benefit of ABSD exemption. Property investors building multi-location portfolios value the cash-flow stability, resale predictability, and collateral strength of central addresses, making this development a portfolio-balancing asset across market cycles. The compact unit configuration appeals particularly to investors seeking low-maintenance, high-turnover assets with minimal vacancy risk.

What Total Debt Servicing Ratio (TDSR) headroom exists at typical 76 Shenton Way price points?

For a property priced near S$1.24 million with typical bank lending at 80% loan-to-value, borrowers require approximately S$992,000 in financing. At current indicative mortgage rates around 3–3.5% per annum over a 30-year term, monthly mortgage servicing approximates S$4,200–S$4,600. Under Singapore's standard TDSR regime capping total debt-servicing obligations at 60% of gross monthly income, a borrower would require minimum monthly income of approximately S$7,000–S$7,700 to comfortably accommodate this mortgage alongside other financial liabilities. This calculation positions the property squarely within reach of middle- and upper-middle-income professionals, particularly those with dual incomes or bonus structures common in financial services sectors clustered around Shenton Way. Prospective borrowers should obtain formal mortgage pre-approval from their preferred lender, as individual TDSR assessments vary based on employment stability, existing liabilities, and down-payment percentage.

How does 76 Shenton Way compare competitively to nearby alternatives in the central district?

76 Shenton Way occupies a competitive position relative to nearby central business district developments through its combination of established brand recognition, direct MRT integration, and transparent transaction history. Nearby alternatives range from heritage properties commanding substantial scarcity premiums, to newly completed towers offering enhanced amenity packages at elevated price points, to older buildings requiring renovation. The advantage of 76 Shenton Way lies in its balance of accessibility, value-for-money relative to cutting-edge developments, and proven market liquidity demonstrated through historical sales velocity. Investors comparing across the central district typically conclude that the development represents fair value for the location premium obtained, without paying excessive prices for brand-new finishes or luxury amenities unlikely to generate proportional rental or capital appreciation returns. This positioning makes it a pragmatic choice for buyers prioritising fundamentals—location, tenure, and transportability—over architectural novelty.

Which unit stack levels or floor positions offer superior value at 76 Shenton Way?

In central business district contexts where views are often constrained by neighbouring commercial buildings, lower to mid-level units (floors 5–20, approximate ranges) often represent superior value compared to penthouse or trophy floors commanding substantial premiums for minimal practical benefit. These mid-range levels offer adequate light, acceptable noise insulation, and convenient elevator access without the premium pricing commanded by top-floor units, which may not provide panoramic views of particular significance in the densely built CBD environment. Investors seeking yield-focused acquisitions should prioritise units in these middle bands, as the pricing discount relative to trophy floors rarely justifies the rental income increment that high-level units command. Alternatively, ground-floor units with direct street activation may appeal to specific buyer profiles but may present noise or privacy considerations worth evaluating. The most robust long-term value typically accrues to properties offering practical functionality and broad appeal rather than aspirational premium positioning.

What future supply pipeline exists in the central business district, and how does it affect 76 Shenton Way's appreciation prospects?

The central business district faces severe land scarcity, with few undeveloped or underutilised sites available for new residential development, suggesting that substantial supply expansion is unlikely over the next decade or beyond. This structural constraint implies that new apartments entering the market will be extremely limited, maintaining persistent demand-supply imbalance that typically supports capital appreciation. Unlike peripheral districts where multiple new launches compete directly for buyers, the CBD offers relative supply certainty for existing property owners, meaning 76 Shenton Way residents benefit from appreciation mechanics driven by scarcity rather than quality differentiation against new competitors. Regeneration projects and infill development may incrementally add residential units, but the scale of such projects remains small relative to broader market demand, particularly from expatriates and affluent owner-occupiers. This supply-constrained environment makes central properties fundamentally different investment propositions from suburban alternatives, where developer activity can rapidly shift value dynamics. Prospective owners should view 76 Shenton Way through a long-term, scarcity-driven appreciation lens rather than speculative demand expansion.

Apartment At 76 Shenton Way — From S$1.2M