Type

Units

Min Area

Price Range

3 BR

1227 sqft

From S$3.0XM

Property Highlights

Prime 3-bedroom, 3-bathroom unit spanning 1,227 sqft in central Redhill
Walking distance to EW18 Redhill MRT Station (200 m / 2 minutes on foot)
S$2,999,000 freehold asking price offers strategic location advantage
Accessible to Alexandra neighbourhood amenities and business districts
Established residential enclave with good connectivity to east-west corridor

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Ref: 60030661

Artra: A Modern 3-Bedroom Residence Near Redhill MRT

Located at 12 Alexandra View, Artra presents a compelling proposition for buyers seeking substantial living space with genuine proximity to public transport. This 3-bedroom, 3-bathroom condominium stretches across 1,227 square feet, delivering the room count and en-suite convenience that appeals to growing families and professionals alike. Positioned at the heart of one of Singapore's most accessible corridors, the property benefits from its nearness to EW18 Redhill MRT Station, situated merely 200 metres away—a brisk two-minute walk that places the broader island within easy commuting reach.

The asking price of S$2,999,000 reflects the value proposition inherent in this particular market segment. For investors and owner-occupiers evaluating options in the Alexandra region, this price point sits at the intersection of demand and supply dynamics that have characterised the Redhill area over the past eighteen months. The property's positioning along a major MRT line underscores its long-term appeal; stations serving the East-West Line continue to demonstrate resilience in capital appreciation, owing to their role as backbone transport infrastructure for the eastern and central zones.

Location and Connectivity

Redhill station has emerged as a critical node in Singapore's transport architecture, serving commuters bound for the CBD, Changi, and virtually every major employment hub. The neighbourhood itself has witnessed steady urban renewal, with purpose-built residential towers complementing shophouses and mixed-use developments. Walking from Artra to the MRT platform takes under three minutes, a distance negligible by Singapore standards and a genuine convenience factor for daily users. Beyond rail, the Alexandra area enjoys robust road connectivity; Alexandra Road itself functions as a primary arterial route, and proximity to the AYE ensures seamless access to expressway networks.

The immediate vicinity has matured into a neighbourhood characterised by diverse retail, F&B, and services. Local supermarkets, hawker centres, and neighbourhood establishments cater to residents' everyday needs without requiring lengthy journeys. The area's established nature means new commercial development is less likely, which tends to preserve neighbourhood character whilst maintaining property values through consistent demand.

Space and Layout Considerations

At 1,227 square feet, this three-bedroom layout allows for dedicated master and secondary bedrooms, each with ensuite bathrooms, alongside a common guest facility. This configuration suits households where multiple occupants require privacy and bathing facilities, eliminating morning rush-hour competition for the bathroom—a practical consideration often underestimated in property evaluations. The floor plate size also accommodates living and dining zones of genuine proportions, rather than the cramped configurations sometimes encountered in sub-1,000 sqft units marketed as three-bedrooms.

The balance between bedroom count, bathroom provision, and total area places this unit squarely in the middle-market sweet spot. It avoids both the space constraints of downsizer units and the excessive bulk that characterises luxury penthouses or ultra-large residences. For families with school-age children, the separate bedrooms and bathrooms eliminate negotiation over facilities whilst maintaining an efficient overall footprint.

Investment Potential and Market Position

Properties near major MRT stations have historically commanded rental premiums, and Redhill's positioning along the East-West Line enhances this characteristic. The neighbourhood's established residential base, combined with new office and mixed-use developments in adjacent precincts, supports consistent tenant demand. Three-bedroom units with full bathroom provision appeal to both families and co-occupancy arrangements, broadening the potential tenant pool and reducing void periods.

The S$2.99 million price point sits comfortably within the range where institutional interest remains present, though the property itself remains accessible to high-net-worth individuals and serious upgraders. This price tier typically experiences lower volatility than either the entry-level market or the extreme luxury segment, offering stability attractive to buyers seeking capital preservation alongside rental income.

Neighbourhood Character and Future Prospects

Alexandra has long served as a residential neighbourhood for middle-class and upper-middle-class Singaporeans. The presence of established condominiums, mature landed estates, and long-standing commercial enterprises suggests a neighbourhood unlikely to undergo dramatic transformation. This stability appeals to buyers prioritising neighbourhood predictability over speculative upside. However, Singapore's ongoing urban renewal efforts mean that pockets of the broader Bukit Merah and Redhill areas continue to evolve, with older low-rise structures gradually being replaced by higher-density mixed-use developments.

The Government Land Sales programme and ongoing URA planning updates occasionally unlock new development sites within the extended Redhill catchment, which could eventually bring additional residential supply. Buyers should monitor such developments as they may influence future demand dynamics, though the established nature of the Alexandra precinct itself offers some insulation from radical oversupply scenarios.

Practical Considerations for Buyers

At the S$2.99 million price point, financing typically involves loan-to-value ratios around 75–80%, placing the required downpayment in the range of S$600,000–750,000 depending on individual bank policies and buyer circumstances. Monthly loan servicing costs—assuming a 30-year mortgage at prevailing rates—would fall comfortably within the debt-servicing threshold for most professional households, ensuring that mortgage approval processes remain straightforward. The property's three-bedroom configuration and substantial square meterage also qualify it for higher loan amounts than smaller units, improving financing flexibility.

Prospective buyers should familiarise themselves with the condominium's management fees, utilities, and any planned major works, as these running costs directly influence net rental yields and owner-occupier affordability. The property's relatively recent construction (assessed based on typical Artra development timelines) suggests building systems are likely to remain trouble-free for several years, minimising unexpected capital expenditures.

Who This Property Suits Best

Upgraders seeking to move from smaller units or landed properties will find the three-bedroom layout and ensuite provision compelling. Families with young children benefit from separate bedroom provision and the security profile typical of established condominium communities. Owner-occupiers prioritising commute convenience to the CBD or eastern employment nodes can leverage the Redhill MRT advantage immediately and substantially. Investors pursuing rental yield from a residential property will find the combination of unit size, location connectivity, and neighbourhood demand characteristics supportive of consistent occupancy and competitive rental rates. Professional couples or co-occupancy arrangements appreciate the private bathing facilities and soundproofed bedroom separation that this floorplate affords.

The property proves less suitable for minimalist downsizers seeking compact, low-maintenance living, or for luxury buyers accustomed to resort-style amenities and premium finishing materials. First-time buyers with constrained budgets will find the S$2.99 million entry point positioned above typical HDB-to-private-housing upgrader price expectations, though not impossible for dual-income professional households with accumulated savings.

Conclusion

Artra at 12 Alexandra View represents a substantive residential offering at a realistic price point for the Redhill location and unit specification. The three-bedroom, three-bathroom layout provides practical living for diverse household types, whilst the proximity to EW18 Redhill MRT Station delivers genuine daily convenience and long-term value stability. For buyers valuing location efficiency, proven transport infrastructure, and neighbourhood maturity over speculative development upside, this property warrants serious consideration in the current market context.

Frequently Asked Questions

What rental yield could I expect if I purchased Artra as an investment?

Based on current market rents for three-bedroom units in the Redhill area, a unit of this size and configuration typically commands monthly rents in the range of S$4,200–4,800, translating to gross yields of approximately 1.7–1.9% per annum on the S$2.99 million purchase price. This yield is broadly consistent with established condominium investments in the East-West Line corridor, where tenant demand remains steady due to the line's connectivity to employment hubs and educational institutions. Net yields (after accounting for mortgage interest, property tax, and management fees) typically compress to 0.8–1.2% for leveraged buyers, though owner-investors prepared to hold long-term benefit from capital appreciation potential and the relative stability of Redhill's residential market.

How does the S$2.99M price compare to recent price-per-square-foot transactions in Redhill?

At S$2.99 million for 1,227 sqft, Artra is priced at approximately S$2,440 per square foot, which positions it at the middle to upper-middle tier of the Redhill condo market. Comparable three-bedroom units in nearby buildings have recently transacted between S$2,300–2,550 per sqft, depending on unit condition, floor level, and specific location within the development. The Redhill psf has gradually appreciated over the past 24 months, reflecting both the MRT proximity premium and the scarcity of genuinely spacious three-bedroom inventory in the area. Buyers should verify recent State Land Titles Board data to confirm whether current asking prices align with recent arm's-length transactions, as marketing prices occasionally exceed achieved prices during slower market phases.

What are the ABSD implications if I'm purchasing this as a second property?

Additional Buyer's Stamp Duty (ABSD) applies at 15% on the purchase price for Singapore citizens acquiring a second residential property, meaning an additional S$449,850 in duties on top of the base purchase price and standard stamp duty. This brings the true cost of acquisition to approximately S$3.45–3.5 million once all legal and stamp fees are factored in. For permanent residents, ABSD escalates to 25% (S$749,750), making the investment substantially less attractive unless significant rental yield or capital appreciation is anticipated. Buyers should carefully model the ABSD cost against projected rental income and capital gains; the levy essentially requires stronger appreciation assumptions to justify the purchase economically, and it may push the effective yield into single figures even before mortgage costs.

Is there any lease decay risk with this property, and how will it affect resale value?

Artra is a freehold condominium, which eliminates lease decay risk entirely—a critical distinction from leasehold properties that begin depreciating once their tenure drops below 80–90 years. The freehold status provides indefinite tenure without reducing property value due to lease expiry concerns, offering genuine peace of mind for long-term holders and eliminating the complex refinancing calculations required for leasehold purchases in their later years. This structural advantage over leasehold alternatives in the Redhill area supports stronger capital retention and resale appeal, particularly to estate planners and buyers seeking properties suitable for multi-generational family occupation without worrying about eventual lease extension costs.

How does proximity to Redhill MRT Station influence future demand and capital appreciation?

Properties within 300 metres of major MRT stations in Singapore have historically appreciated 3–5% annually on average, outperforming non-MRT-proximate equivalents by approximately 1–2 percentage points over ten-year periods. Redhill's position on the East-West Line, which serves peak-hour passenger volumes second only to the North-South Line, ensures consistent transport demand and relatively inelastic usage patterns—commuters cannot easily substitute alternative routes, underpinning persistent tenant and buyer demand. Future extension of the East-West Line (if planning authorities green-light expansion eastward) could further enhance the station's centrality to broader employment and education networks, potentially accelerating appreciation. The two-minute walk from Artra to the platform is meaningfully shorter than the average 8–12 minute walk many commuters accept, positioning this unit at a premium within the Redhill micro-market.

Is Artra suitable for first-time property buyers, or is the price point prohibitive?

At S$2.99 million, Artra lies substantially above the typical first-time buyer price range (generally S$800k–1.5m for three-bedroom HDB-to-private transitions), making it more suitable for professional households with dual incomes, accumulated equity from previous property sales, or inheritance backing. First-time buyers with budgets in the S$2–2.5m range would be better served by investigating newer or smaller units in adjacent precincts or slightly further from the MRT line. However, first-timers approaching property purchase from an investment perspective—purchasing to occupy whilst capturing rental income from co-tenants—may find the three-bedroom layout and Redhill location compelling despite the elevated entry price, provided they can clear financing hurdles and have sufficient liquidity post-purchase.

What financing headroom and TDSR implications apply at the S$2.99M price point?

At S$2.99 million with a typical 75% LTV, borrowers require a downpayment of approximately S$747,500, leaving a mortgage amount of S$2.2425 million. With mortgage rates currently around 3.5–4.0% and a 30-year amortisation, monthly loan servicing costs typically range from S$10,600–11,200, which must comfortably sit within the Total Debt Servicing Ratio (TDSR) ceiling of 60% of gross monthly income. This implies a required gross monthly income of approximately S$17,700–18,700 per household, or roughly S$212,000–224,000 annually—a threshold comfortably cleared by professional couples in the finance, technology, legal, and healthcare sectors. Borrowers should account for property tax, condo fees, and utilities (typically S$800–1,200 monthly combined) when calculating total housing affordability; conservative buyers often target TDSR ratios below 50%, providing safety margin during interest-rate upswings.

How does Artra compare to competing developments in the immediate Redhill neighbourhood?

The Redhill neighbourhood hosts several established condominium developments competing for the same buyer and tenant segments, including properties built in the 1990s–2010s with varying levels of recent refurbishment. Developments immediately adjacent to Redhill MRT typically command a 5–10% premium per sqft compared to those 400–600 metres distant, and Artra's 200-metre walk positions it at the premium tier of walkability. Comparable three-bedroom units in similarly-proximate buildings have achieved asking prices from S$2.7–3.0m, suggesting Artra's S$2.99m valuation is competitively positioned within market expectations rather than aggressively priced. Prospective buyers should inspect competing units within the same walkability radius and assess finishing standards, unit condition, and building management reputation; newer or recently renovated units may justify modest premiums, whilst older stock requires careful inspection for deferred maintenance costs.

Which unit stack or floor level offers the best value within a building like Artra?

Mid-floor units (typically floors 15–25 in a development with 30+ storeys) generally offer superior value compared to low floors (which may experience street noise, security concerns, and reduced view quality) or ultra-high floors (which command luxury premiums of 10–20% with minimal practical benefit). Units positioned away from lift lobbies and stairwells tend to be quieter and command slight premiums, though this depends on building layout specifics. Corner or end-unit positions may offer enhanced natural ventilation and view corridors, potentially justifying 3–5% price premiums depending on orientation; units with north-facing or eastern exposures typically appeal more strongly to buyers in Singapore's tropical climate. Investors should prioritise functional convenience (proximity to lifts for tenant turnover, moderate noise environment) over luxury positioning; tenants prioritise affordability and functionality, and ultra-premium floor positions attract smaller tenant pools and may sit vacant longer during market slowdowns.

What is the future supply pipeline in the Redhill and broader Bukit Merah district?

The Urban Redevelopment Authority has identified several pockets within the broader Bukit Merah and Alexandra precincts for potential redevelopment, particularly around areas with ageing low-rise shophouses and older residential blocks. However, the Redhill MRT station area itself is relatively mature, with most development potential having been activated in the 2000s–2010s; significant new supply directly competing with Artra is unlikely within the immediate 500-metre radius. The broader Tiong Bahru and Keong Saik corridors (slightly south and west) have seen recent commercial and mixed-use development, which could indirectly support demand for residential units in the adjacent Redhill precinct as workers in those areas seek convenient accommodation. Monolithic future projects tend to emerge through Government Land Sales sites or on sites acquired by major developers; buyers should monitor URA Master Plan updates and GLS calendars to assess whether substantial new residential supply is planned within the Redhill catchment, though any such supply would likely be absorbed across Singapore's broader residential demand cycle rather than triggering dramatic local price compression.

Artra 3BR Condo at Alexandra View, S$2.99M near Redhill MRT