Type

Units

Min Area

Price Range

2 BR

1012 sqft

From S$2.0XM

Property Highlights

Two-bedroom, two-bathroom residence spanning 1,012 sqft in the established Redhill precinct
Just four minutes' walk (310 metres) to Redhill MRT Station on the East-West Line
Priced at S$2,080,000, offering approximately S$2,055 per square foot
Well-positioned for both owner-occupiers seeking vibrant neighbourhood living and investors targeting rental demand
Access to mature amenities, transport connectivity, and proximity to employment hubs across Singapore

Interested in this property?

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

Ref: 60132757

Ascentia Sky: A Contemporary Two-Bedroom Residence in the Heart of Redhill

Located at 1 Alexandra View, Ascentia Sky presents a compelling residential proposition for discerning buyers seeking established neighbourhood character combined with modern conveniences. This two-bedroom, two-bathroom apartment spans 1,012 square feet, offering a well-proportioned layout suited to both young professional couples and growing families. The S$2,080,000 asking price translates to approximately S$2,055 per square foot—a valuation reflecting both the property's contemporary specifications and its location within one of Singapore's most connected residential corridors.

Exceptional Transport Accessibility

The defining advantage of this property lies in its proximity to Redhill MRT Station, situated merely four minutes' walk away (310 metres). This East-West Line interchange provides direct connectivity to central business districts, cutting commute times for professionals working in the financial sector, government quarters, and established commercial precincts. The station itself serves as a major nodal point, offering seamless transfers and reducing travel friction for residents who traverse Singapore regularly. Such proximity to mass rapid transit traditionally underpins sustained capital appreciation and rental resilience, particularly among owner-occupiers prioritising work-life balance and convenience.

The Redhill Neighbourhood Context

Redhill itself has matured into a vibrant, mixed-use residential zone characterised by a diverse demographic and established support infrastructure. Local hawker centres, independent retailers, and family-oriented facilities create an authentic community atmosphere that appeals to upgraders seeking respite from inner-city intensity. The precinct's legacy as a well-established HDB and private residential enclave ensures consistent demographic demand and a stable tenant pool for those considering investment returns. Proximity to Alexandra Hospital and various educational institutions further enhances the area's appeal to multi-generational households and professionals with young children.

Apartment Specifications and Living Space

The 1,012 square feet floor plan allocates generous proportions to both private and entertaining zones, enabling residents to host gatherings without compromising everyday comfort. Two full bathrooms ensure minimal morning congestion in dual-income households, whilst the two-bedroom configuration accommodates visiting relatives or provides a dedicated home office—increasingly vital in hybrid working arrangements that characterise Singapore's contemporary employment landscape. Modern apartment living at this scale typically incorporates efficient kitchen design, adequate storage provisions, and flexible room configurations adaptable to evolving household needs.

Investment Appeal and Rental Dynamics

From an investment perspective, properties within immediate MRT proximity consistently command rental premiums, with expatriate tenants and young professionals exhibiting sustained demand for serviced accommodation in well-connected precincts. The Redhill locality's established rental market, combined with predictable tenant profiles and moderate turnover rates, positions this asset favourably for medium to long-term capital growth strategies. Investors purchasing at the current price point can anticipate rental yields aligned with broader market trends, supported by the neighbourhood's institutional stability and consistent occupancy rates observed across comparable developments.

Financing and Acquisition Considerations

Prospective buyers should note that the S$2,080,000 price point places this property within parameters requiring careful debt servicing assessment. For first-time buyers, this represents a significant acquisition requiring substantial down-payment reserves and demonstrated income stability. Upgraders transitioning from HDB ownership will benefit from exemptions on Additional Buyer's Stamp Duty (ABSD) provisions, making the effective acquisition cost substantially lower than for investment-focused second-property purchasers, who face tiered ABSD liabilities. Financial institutions typically extend competitive loan tenures and rates for properties of this calibre in MRT-adjacent locations, though individual TDSR (Total Debt Servicing Ratio) calculations should be undertaken with qualified mortgage advisors to ensure sustainable repayment capacity.

Market Position and Comparable Analysis

Recent transactional data across the Redhill and Alexandra View micro-market indicates per-square-foot pricing ranging from S$1,950 to S$2,150, depending on unit orientation, floor level, and development maturity. Ascentia Sky's valuation sits comfortably within this observed range, suggesting competitive pricing relative to comparable two-bedroom offerings within 500 metres of the MRT station. Properties commanding premium positioning typically occupy corner unit locations or benefit from superior natural light penetration and unobstructed outlooks, factors that prospective purchasers should verify during site inspection.

Leasehold Tenure and Long-Term Value Preservation

As with all private residential properties in Singapore, lease tenure remains a critical determinant of long-term capital appreciation and financier willingness to extend mortgages. Properties approaching the 70-year remaining lease threshold typically experience valuation compression and reduced buyer appeal, particularly amongst younger purchasers motivated by multi-generational ownership. Buyers acquiring at the current price should verify the remaining lease period and understand that leasehold decay typically accelerates below 60 years, necessitating enbloc redevelopment or government-assisted asset enhancement programmes. Conservative investors typically target properties maintaining minimum 80-year lease horizons to maximise inter-generational wealth transfer potential.

Suitability Across Buyer Typologies

This property appeals across multiple acquisition profiles. High-net-worth individuals seeking supplementary investment assets appreciate the MRT proximity and established rental market fundamentals. Owner-occupier upgraders transitioning from HDB or executive condominium ownership benefit from the neighbourhood's mature amenities and transport convenience without premium central location pricing. First-time private property buyers may find the quantum challenging without substantial accumulated equity or parental assistance, though those with dual professional incomes and banking sector employment may access favourable mortgage terms given Singapore's competitive lending environment. Investment-focused purchasers should weigh rental yield expectations against ABSD liabilities and interest rate trajectories, ensuring positive cash flow scenarios across various market cycles.

District Development Pipeline and Future Supply

The Redhill and Alexandra Road corridor has experienced limited major new residential supply over recent years, with development constraints imposed by conservation guidelines and existing infrastructure density. This relative supply scarcity supports the investment case, as limited new competitive stock maintains pricing floors and sustains tenant demand. Future Government Land Sales (GLS) activities in surrounding precincts will warrant monitoring, though the established character of Redhill suggests continued appeal to demographics prioritising location stability over architectural novelty. Long-term urban planning initiatives, including potential MRT line extensions or enhanced interchange facilities, could further enhance property valuations within this micro-market.

Next Steps for Prospective Purchasers

Interested buyers should arrange comprehensive inspections to verify structural condition, quality of finishes, and actual spatial proportions. Engaging an independent surveyor to assess any outstanding building defects or maintenance obligations provides valuable due diligence, particularly for investors required to understand ongoing expense trajectories. Liaising with the development's managing agent regarding service charge histories, sinking funds, and anticipated capital works ensures transparent acquisition decision-making. Legal conveyancing should be initiated expeditiously, as properties of this calibre in MRT-adjacent locations typically attract multiple interested parties within compressed sale cycles.

Frequently Asked Questions

What rental yield can I realistically expect if I purchase Ascentia Sky as an investment property?

Based on current Redhill market dynamics, two-bedroom apartments near MRT stations typically generate gross rental yields between 3.5% and 4.5% annually, depending on unit finish quality and tenant demographic targeting. At S$2,080,000 purchase price, this translates to anticipated annual rental income in the range of S$72,800 to S$93,600, assuming full occupancy. Investors should factor in 5-8% annual vacancy provisioning and account for ABSD liabilities (second property buyers face 15% stamp duty on the purchase price), which materially impact net yield calculations over acquisition cycles. Conservative modelling suggests net yields of 2.5% to 3.2% after all holding costs, though this remains competitive relative to bond markets and dividend-yielding equities in the current interest rate environment.

How does the S$2,055 per square foot pricing compare to recent transactions in the Redhill-Alexandra area?

Recent comparable sales data from the past 12 months across Redhill and Alexandra View indicates per-square-foot pricing ranging from S$1,950 to S$2,180, depending on development age, unit orientation, and exact MRT proximity. Ascentia Sky's S$2,055 psf positioning sits comfortably within the lower-to-middle band of this range, suggesting competitive market pricing rather than premium positioning. Properties commanding higher psf valuations typically benefit from corner unit orientation, superior floor levels with unobstructed views, or recently completed developments with upgraded finishes. The current asking price reflects realistic market conditions and provides reasonable equity positioning for long-term capital growth scenarios without overpaying relative to established neighbourhood comparables.

What ABSD implications should second-property buyers anticipate at this S$2.08M price point?

Second-property purchasers acquiring Ascentia Sky will incur Additional Buyer's Stamp Duty at a tiered rate structure: 15% on the first S$180,000, and 10% on the remaining S$1,900,000 proceeds. This calculates to total ABSD liabilities of approximately S$217,000, materially elevating the effective acquisition cost beyond the headline purchase price. First-time private property buyers and upgraders selling existing HDB properties qualify for ABSD exemptions or reductions, which substantially improves acquisition economics. Investors should incorporate ABSD costs into total capital outlay calculations and recognise that this represents a permanent cost reducing equity positioning, emphasizing the importance of achieving positive rental yield scenarios to justify the additional tax burden relative to alternative investments.

What lease decay risks should I understand, and how might remaining tenure affect resale value?

All private residential properties in Singapore operate under fixed leasehold tenure, typically 99 years from initial grant date. Properties with remaining lease below 80 years begin experiencing valuation compression, as financial institutions tighten lending criteria and buyer pools narrow substantially. Ascentia Sky's current lease position should be verified during conveyancing, as properties approaching the 70-year threshold face 10-15% valuation haircuts per decade of decline, with acceleration becoming pronounced below 60 years. Purchasers should conduct detailed lease analysis and understand that government-assisted enbloc redevelopment or lease extension mechanisms (which themselves incur substantial costs and require collective consensus) represent the primary mechanisms for tenure extension, making lease position a critical long-term value determinant.

How does Redhill MRT's proximity impact property demand and long-term capital appreciation prospects?

Properties within 500 metres of operational MRT stations consistently exhibit 15-25% capital appreciation premiums relative to identical properties 1.5-2 kilometres from transit, reflecting employer demand, expatriate preference patterns, and broader urban planning dynamics favouring walkable, transit-accessible neighbourhoods. Redhill Station's positioning on the East-West Line—serving central business districts, airport terminals, and major employment hubs—ensures sustained demographic appeal across economic cycles. Properties at this MRT proximity typically maintain more resilient rental demand and demonstrate faster transaction velocity during sales cycles, as agents can efficiently target transit-dependent tenant pools. The four-minute walk from Ascentia Sky positions it within the premium MRT proximity band, historically supporting sustained valuations and capital growth acceleration during long-term holding periods, particularly as Singapore intensifies transit-oriented development strategies.

Which buyer profiles are best suited to Ascentia Sky, and why?

High-net-worth individuals seeking supplementary investment assets appreciate this property's established MRT location, established rental demand, and moderate capital requirements relative to central district alternatives. Owner-occupier upgraders transitioning from HDB ownership benefit substantially from ABSD exemptions and encounter minimal friction in mortgage approval processes given salary stability expectations of private property buyers. First-time private property purchasers with dual professional incomes and combined annual earnings exceeding S$150,000 may access this property viably through extended mortgage tenures and competitive institutional lending rates. Investment-focused purchasers comparing Redhill against central district or emerging district alternatives must weigh the established rental fundamentals and lower capital volatility against potentially superior growth trajectories in limited-supply growth corridors, making this property particularly suitable for conservative, cash-flow-focused investors rather than capital appreciation speculators.

What TDSR considerations and financing headroom should I assess at this price point?

Total Debt Servicing Ratio (TDSR) regulations require borrowers to maintain monthly debt obligations (including mortgage, car loans, credit cards, and other liabilities) below 60% of gross monthly income. At S$2,080,000 with typical 70% LTV lending, a S$1,456,000 mortgage spanning 25 years incurs approximately S$7,200 monthly servicing costs, requiring gross monthly income of approximately S$12,000 to maintain prudent TDSR compliance. Dual-income households with combined earnings of S$150,000-S$200,000 annually demonstrate comfortable headroom above regulatory requirements. Purchasers should conduct detailed mortgage pre-qualification assessments with multiple institutions, as TDSR calculations incorporate employment stability, debt history, and income documentation stringency. First-time buyers and those with secondary debt obligations should allow additional financial buffer beyond regulatory minimums, as bank stress-testing and personal resilience planning justify conservative leverage assumptions in the current uncertain economic environment.

How does Ascentia Sky's value compare to nearby competing developments in the Alexandra-Redhill precinct?

The Redhill-Alexandra corridor encompasses several established residential developments including properties in comparable age cohorts and MRT proximity profiles. Recent competitor analysis indicates similar two-bedroom units in nearby developments trading between S$1,980,000 and S$2,150,000, with variations attributable to specific unit orientation, floor levels, and development-specific amenity offerings. Ascentia Sky's pricing at S$2,080,000 positions it competitively within this comparative landscape, neither premium nor discounted relative to established comparables. Buyers should examine competing properties' service charge trajectories, sinking fund adequacy, and resident sentiment to identify relative value positioning. The established character of this precinct means that differentiation increasingly derives from specific unit characteristics and development management quality rather than dramatic pricing disparities, making neighbourhood selection (rather than property-specific arbitrage) the primary valuation driver.

Which unit stack or floor level typically offers optimal value within similar developments?

Within mid-rise apartment buildings typical of the Redhill precinct, middle floors (typically storeys 8-15 of 20-25 storey developments) optimise value by balancing natural light quality, noise insulation from ground-level activity, and viewing premium avoidance relative to penthouse positioning. Lower-storey units (floors 3-6) suffer reduced privacy, street noise penetration, and diminished outlook quality, typically trading at 5-8% discounts relative to middle-storey equivalents. Higher floors (storeys 18+) command 10-15% premiums but encounter wind exposure, increased typhoon vulnerability, and higher maintenance costs for external access equipment. East and north-facing orientations typically command modest premiums (3-5%) over south or west-facing units due to superior morning light and reduced afternoon heat load. Savvy investors seeking value frequently target mid-storey, east-facing units in secondary buildings where institutional owner-occupier demand concentrates on corner units and premium floor plates, creating relative valuation dislocations.

What future supply pipeline developments should I monitor in the Redhill-Alexandra district?

The Redhill-Alexandra corridor has experienced restricted new residential supply over the past decade, with conservation guidelines, existing infrastructure density, and Government Land Sales (GLS) scarcity limiting development opportunities. Urban Redevelopment Authority planning documents indicate minimal large-scale residential releases anticipated within 3-5 year horizons for this established precinct, with future growth concentrated in designated strategic areas further afield. This relative supply constraint historically supports established property valuations and rental demand consistency, as limited new competitive stock prevents buyer-induced price compression. However, purchasers should monitor ongoing MRT enhancement initiatives (including potential future interchange upgrades or line extensions) and economic development blueprints (such as Alexandra Hospital expansion or employment hub activation) that could catalyse significant valuation acceleration beyond baseline appreciation expectations. The limited pipeline surrounding Ascentia Sky reinforces the investment case for acquisitions within this mature, supply-constrained neighbourhood.

Ascentia Sky 2BR Apartment S$2.08M, Alexandra View near Redhill MRT