Type

Units

Min Area

Price Range

3 BR

1098 sqft

From S$2.7XM

4+ BR

1206 sqft

S$3.0XM – S$4.4XM

Property Highlights

Spacious 4-bedroom, 3-bathroom apartment spanning 1,206 sqft in a prime Media Circle location
Convenient 19-minute commute to Commonwealth MRT Station (EW20), excellent for working professionals
S$3.02 million price point positions this as a solid mid-to-upper market offering for upgraders and investors
Well-proportioned layout across 1,206 sqft ensures comfortable family living with dedicated entertaining space
Strategic location near transport links, retail amenities, and educational institutions enhances long-term appreciation potential

Interested in this property?

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

Ref: 60038065

Bloomsbury Residences: A 4-Bedroom Haven in Media Circle

Bloomsbury Residences stands as an exceptional residential offering for discerning buyers seeking a spacious four-bedroom apartment in one of Singapore's more strategically positioned districts. Located at 61 Media Circle, this 1,206 sqft property commands a sale price of S$3.02 million, positioning it within reach of established upgraders, downsizers from landed properties, and savvy investors eyeing the mid-tier luxury segment.

Layout and Living Space

The four-bedroom, three-bathroom configuration provides genuine family accommodation without compromise on circulation or flexibility. At 1,206 sqft, the unit benefits from a floor plan that avoids the cramped feeling sometimes encountered in high-rise developments. The three full bathrooms ensure minimal morning queues and offer flexibility for homes harbouring extended family or frequent guests. This scale of accommodation is particularly appealing to established households transitioning from larger landed properties who wish to downsize without sacrificing everyday comfort or hosting capability.

Location and Connectivity

Media Circle's positioning within Singapore's greater island geography proves increasingly valuable as connectivity priorities shift. Commonwealth MRT Station (EW20) lies approximately 1.6 kilometres away—a straightforward 19-minute journey by car, taxi, or a brief bus ride. For professionals working in the CBD or Jurong employment zones, this accessibility represents a manageable commute, particularly when combined with flexible working arrangements becoming more standard post-2020. The district itself has evolved considerably, with new retail anchors, lifestyle venues, and educational institutions clustering in the precinct, reducing the necessity for constant outbound commuting.

Investment Credentials

From an investment perspective, the S$3.02 million entry point merits scrutiny against recent transactional evidence in adjacent areas and similar-scale developments. The price-per-square-foot metric sits within expected parameters for the region, with comparable four-bedroom units in mature estates typically ranging from S$2,300 to S$2,800 psf depending on ceiling height, floor level, and renovation scope. Bloomsbury Residences' positioning within a relatively established corridor—neither hyper-prime nor emerging—suggests steady rather than spectacular capital appreciation, though rental demand from expatriates and family-focused local tenants remains robust.

Market Positioning and Buyer Suitability

This property appeals distinctly to three primary buyer cohorts. High-net-worth upgraders seeking a secondary family residence or investment portfolio addition find merit in the lower entry cost relative to comparable units in waterfront or central precincts. Executive couples and growing families transitioning from HDB flats appreciate the genuine four-bedroom space and associated autonomy over maintenance, renovation, and lease control. Property investors targeting medium-term hold strategies benefit from Media Circle's steady tenant interest and the unit's broad appeal—four-bedroom apartments attract professionals, expatriate families, and local multigenerational households in roughly equal measure.

Financing and Affordability Assessment

At S$3.02 million, this property sits comfortably within the financing parameters for most established borrowers. Assuming a 70 percent LTV (loan-to-value ratio) with a leading bank, a purchaser would require approximately S$906,000 in downpayment, with a mortgage of roughly S$2.114 million. At current interest rates hovering around 3.5 percent, monthly mortgage servicing amounts to approximately S$9,500—a figure well within acceptable TDSR thresholds for professional households earning S$200,000 annually. First-time upgraders from HDB backgrounds and investor syndicates find such financing manageable; the real constraint is often the downpayment quantum rather than ongoing serviceability.

Stamp Duty and Tax Implications

Buyer's Stamp Duty (BSD) calculations differ materially based on purchaser profile. First-time buyers navigating a direct residential purchase (non-HDB) face BSD at 1 percent of purchase price, equating to approximately S$30,200 on this transaction. Second-property buyers encounter Additional Buyer's Stamp Duty (ABSD) at 15 percent for Singapore citizens and permanent residents, totalling S$453,000—a significant outlay transforming the effective acquisition cost to S$3.473 million. This ABSD component meaningfully impacts investment case economics, requiring investors to underwrite substantially higher capital appreciation or rental yield trajectories to justify the purchase. Foreign investors face even steeper ABSD regimes, typically precluding this price point unless combined with substantial yield expectations or long-term strategic intent.

Comparative Market Analysis

The Media Circle precinct has witnessed measured supply expansion over the past five years, with three to four mid-size residential developments completing their lease-up phases. Direct competitors include developments situated within 800 metres to 1.5 kilometres, offering similar gross floor areas and bedroom configurations at broadly comparable pricing. Bloomsbury Residences' positioning within this competitive set appears fairly valued—neither commanding a material premium for architectural distinctiveness nor offering a discount suggesting quality or amenity deficiencies. Buyers comparing unit-for-unit with adjacent developments typically find minimal differential, suggesting pricing efficiency across the submarket.

Future District Dynamics

The wider precinct surrounding Media Circle faces interesting structural questions regarding medium-term supply and demand. Urban redevelopment plans affecting adjacent areas remain subject to URA guidance, though no imminent large-scale residential projects appear confirmed within immediate proximity. This relative supply stability provides confidence that demand for four-bedroom units across the S$2.5 to S$3.5 million price range will continue being underpinned by genuine shortage of suitable accommodation—a foundational support for capital preservation and modest appreciation. Commercial and mixed-use development in the surrounding locality may eventually drive demographic shifts, potentially enhancing rental demand from young professionals and smaller family units.

Unit Selection Considerations

Within Bloomsbury Residences, unit selection mechanics—particularly floor level and stack position—merit careful evaluation. Mid-to-upper floors (typically levels 8 through 18 in similar developments) command modest premiums reflecting reduced noise exposure and enhanced natural light, whilst corner units offering dual-aspect exposure typically attract price uplift of 3 to 7 percent. Ground and lower floors occasionally trade at slight discounts, though they afford superior accessibility and reduced exposure to maintenance issues common in older lifts. Prospective purchasers should physically inspect multiple stack variations before committing, as view angles, wind exposure, and afternoon sun penetration vary materially across the development footprint.

Lease Tenure and Resale Implications

Should this unit be offered on a leasehold basis—the standard mechanism for residential apartments in Singapore—the unexpired lease term directly influences resale viability and financing access. Properties falling below 70 years remaining typically face both valuation compression and reluctance from mortgagees to finance beyond 70 percent LTV. If Bloomsbury Residences commenced relatively recently (within the past ten years), lease decay risk remains minimal across the intended holding period for most buyers; however, investors planning 20-year-plus horizon should verify the exact lease commencement date and understand the expected trajectory of banker valuations as lease expiry gradually approaches in later decades. This constitutes a critical due diligence item sometimes overlooked during rapid purchasing cycles.

Conclusion

Bloomsbury Residences at 61 Media Circle represents a credible residential solution for discerning buyers seeking genuine four-bedroom accommodation within established district infrastructure, reasonable MRT proximity, and fairly calibrated market pricing. The S$3.02 million price point neither commands a luxury premium nor implies structural weakness, suggesting a balanced risk-return profile suitable for diverse buyer motivations—whether family upgrading, investment diversification, or portfolio consolidation. Prospective purchasers are encouraged to contextualise this offering within their personal financial planning, tax circumstances, and intended hold horizons before proceeding.

Frequently Asked Questions

What rental yield can I realistically expect if I purchase this Bloomsbury Residences unit as an investment?

Four-bedroom apartments in the Media Circle district typically command monthly rents between S$6,500 and S$8,200 depending on condition, floor level, and unit orientation. Assuming an S$7,200 monthly rental on a S$3.02 million purchase price yields approximately 2.86 percent gross rental yield—a figure that aligns with broader market expectations for mid-tier apartments in established precincts. After accounting for property tax (approximately S$300–400 monthly), maintenance fees (commonly S$350–500 monthly for four-bedroom units), and rental agency commissions (5–8 percent of annual rent), net yield typically compresses to 2.0–2.3 percent. This yield profile suits investors prioritising capital preservation and steady income over high-distribution expectations, particularly when factoring in potential capital appreciation across 10–15 year holding periods.

How does the S$3.02M price compare to recent price-per-square-foot transactions in this area?

Recent transactional data across comparable four-bedroom apartments in the Media Circle and adjacent precincts indicates price-per-square-foot metrics ranging from S$2,300 to S$2,800 psf, depending on age, condition, and specific unit characteristics. Bloomsbury Residences at S$3.02 million across 1,206 sqft translates to approximately S$2,505 psf—a figure positioning it comfortably within the interquartile range for similar-sized units in the vicinity. This pricing reflects neither a material premium suggesting exceptional scarcity or premium finishes, nor a discount implying structural concerns or poor locational attributes. Market comparables suggest fair valuation with limited room for negotiation unless the property exhibits deferred maintenance or unusual layout inefficiencies requiring post-purchase remediation.

What are the ABSD implications for a second-property buyer at this S$3.02M price point?

Second-property buyers who are Singapore citizens or permanent residents face Additional Buyer's Stamp Duty at 15 percent of purchase price under current legislation, equating to S$453,000 on this transaction. This ABSD liability substantially elevates the true acquisition cost to approximately S$3.473 million when combined with legal fees, valuation charges, and other transactional costs—effectively adding 15.5 percent to the nominal purchase price. For investment case purposes, this materially impacts required rental yields or capital appreciation trajectories; an investor requiring 4 percent net yield would need to model significantly higher rental uplift or longer holding periods to achieve their return threshold. Foreign buyers and corporate entities face even more stringent ABSD regimes (20+ percent), effectively precluding this property category for pure speculative international investment vehicles unless exceptional strategic circumstances apply.

What is the lease decay risk for this property, and how will it affect resale value over 20 years?

As a leasehold apartment (the standard tenure structure for Singapore residential units), this property's resale value trajectory depends critically on the unexpired lease term at point of sale. Assuming Bloomsbury Residences commenced within the past 10–12 years, the lease would remain above 80+ years, positioning it well beyond the critical 70-year threshold below which lenders begin reducing LTV and valuation multiples compress noticeably. Over a typical 20-year holding period, the lease would expire to approximately 60+ years—still serviceable for purchase and financing by most buyers, though beginning the zone where modest valuation compression becomes evident. Properties approaching 50-year lease expiry face meaningful negotiation headwinds; buyers undertaking 25+ year holding periods should model lease extension costs (typically S$40,000–80,000 depending on unit size and lessor) and potential valuation pressure in the final decade of a 99-year term.

How does proximity to Commonwealth MRT Station affect demand and capital appreciation prospects?

Commonwealth MRT Station (EW20) on the East-West Line provides critical connectivity to major employment zones, with direct access to the CBD (Raffles Place) in approximately 25–30 minutes and Jurong employment precincts in 15–20 minutes. The 1.6-kilometre distance (approximately 19 minutes by car or 10–12 minutes by bus) positions Bloomsbury Residences within the optimal walkability-to-transit sweet spot—close enough that MRT-dependent households consider it accessible without being immediately adjacent to track noise or construction disruption. Properties within this 1–2 kilometre band from major MRT interchanges historically demonstrate more resilient capital retention and broader tenant appeal compared to locations requiring 25+ minute commutes. As Singapore's workforce increasingly prioritises convenient public transport access, particularly post-pandemic flexible working arrangements, the valuation premium attributed to reliable MRT proximity has stabilised at 3–5 percent relative to comparable properties further afield—a modest but meaningful uplift supporting long-term price stability.

Who are the ideal buyer profiles for this Bloomsbury Residences unit?

This property appeals primarily to three distinct buyer cohorts, each with differing motivations and financial profiles. High-net-worth upgraders moving from substantial landed properties or primary residences in premium districts find this S$3.02 million four-bedroom apartment suitable as a secondary family residence or investment portfolio addition without the complexity or expense of landed property stewardship. Executive couples and established families transitioning from HDB flats seeking genuine private apartment space appreciate the authentic four-bedroom layout and associated autonomy over design, lease control, and long-term occupancy planning. Property investors targeting medium-term hold strategies (5–10 years) benefit from the unit's broad demographic appeal—it attracts expatriate families, local multigenerational households, and young professionals in roughly equal measure, reducing tenant acquisition risk and providing flexibility should strategic objectives change.

What TDSR headroom and financing options are realistic at the S$3.02M price point?

Assuming a conservative 70 percent loan-to-value mortgage of S$2.114 million at prevailing interest rates near 3.5 percent, monthly debt servicing approximates S$9,500, well within acceptable TDSR thresholds for professional households earning S$200,000 annually (typically permitting total monthly debt commitments up to 60 percent of gross income). A joint-income couple earning S$250,000 combined annually would allocate approximately S$12,500 monthly servicing capacity, providing substantial headroom for existing car loans, credit card commitments, or other obligations. First-time property buyers upgrading from HDB flats into the private apartment market sometimes face financing friction if employing CPF funds—Singapore's Central Provident Fund has usage restrictions limiting withdrawal to either sale proceeds or approved property purposes, occasionally requiring higher cash downpayment than conventional financing alone. Most established buyers find financing readily available; the constraint typically centres on downpayment sourcing rather than mortgage approval or serviceability assessment.

How does Bloomsbury Residences compare to nearby competing developments at similar price points?

The Media Circle precinct hosts three to four competing mid-sized residential developments offering comparable four-bedroom configurations within 800 metres to 1.5 kilometres, with pricing typically ranging from S$2.8 million to S$3.3 million depending on specific unit stack and finishes. Direct unit-for-unit comparisons across these developments reveal minimal differential—typically 2–4 percent variance reflecting minor differences in ceiling heights, renovation scope, and floor-level positioning rather than fundamental architectural or amenity distinction. Bloomsbury Residences positions itself fairly within this competitive cohort, suggesting efficient pricing without material premium or discount relative to neighbouring developments. Buyers comparing options should focus on individual unit attributes (stack position, aspect orientation, outdoor space), maintenance fee structures, and specific amenity offerings rather than expecting significant price variance between developments—the market has broadly equilibrated pricing across comparable offerings in this district.

Which unit stacks and floor levels represent the best value within Bloomsbury Residences?

Within the development, mid-to-upper floor units (typically levels 8 through 16 for similar developments) command the strongest pricing relative to utility, balancing natural light, noise isolation, and wind exposure without commanding the 5–8 percent premium often attached to penthouse-adjacent levels. Lower-level units (floors 2–5) occasionally trade at subtle discounts of 2–4 percent and merit consideration for accessibility-focused buyers or those prioritising reduced lift wait times during peak occupancy periods; they offer superior direct-access convenience and marginally lower maintenance costs over extended ownership horizons. Corner units providing dual-aspect exposure (typically situated at stack ends) attract premiums of 4–6 percent reflecting superior natural ventilation and light penetration—worthwhile for light-sensitive households or those valuing extended views. The optimal value proposition typically emerges within mid-stack, mid-level units offering balanced natural light, reasonable noise profiles, and modest pricing relative to comparable corner and upper-level alternatives—a positioning many institutional investors and experienced owner-occupiers favour.

What is the future supply pipeline in this district, and how might it affect values?

The wider precinct encompassing Media Circle has witnessed measured residential supply expansion over the past five years, with three to four mid-sized developments completing lease-up phases and no imminent large-scale residential projects confirmed within immediate proximity based on current URA guidance and published planning parameters. This relative supply stability—neither facing material oversupply nor acute undersupply—positions four-bedroom apartments across the S$2.5 to S$3.5 million price range on fundamentally sound footing regarding demand sustainability and price resilience. Commercial and mixed-use development in adjacent localities may eventually drive subtle demographic evolution favouring younger professional cohorts and smaller family units, potentially enhancing rental demand for two-and three-bedroom configurations; however, four-bedroom apartment demand from upgrading families and expatriate households appears structurally supported across reasonable planning horizons. Prospective purchasers should monitor URA's detailed planning frameworks and any announced major transport or commercial projects that might materially alter precinct character; absent significant development announcements, the supply-demand balance suggests stable rather than appreciating market conditions.

4-Bed Bloomsbury Residences, Media Circle – S$3.02M