Type

Units

Min Area

Price Range

4+ BR

5780 sqft

From S$6.0XM

Property Highlights

Brand-new freehold terraced house with 5 bedrooms and 6 bathrooms across 5,780 sqft of floor space
Two-and-a-half storeys with mezzanine level provides flexible, multi-generational living arrangements
Strategic location just 1.17 km from Mayflower MRT (TE6), ensuring excellent connectivity and long-term appreciation potential
Freehold status eliminates lease decay concerns and offers superior capital preservation compared to leasehold properties
Premium pricing reflects new-build quality, spacious land plot of 2,036 sqft, and proximity to top-tier schools including CHIJ St Nics

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Ref: 500123277

A Pristine Freehold Terraced Investment on Jalan Gelenggang

Nestled along the established Jalan Gelenggang corridor, this brand-new freehold terraced house represents a rare opportunity in Singapore's evolving residential landscape. The property spans an impressive 5,780 square feet of floor area built across two-and-a-half storeys, complemented by a mezzanine level that adds considerable design flexibility and spatial efficiency. The underlying land plot measures 2,036 square feet, offering generous proportions that set this residence apart from more constrained urban terraced alternatives.

The architectural design incorporates a thoughtful vertical distribution of living spaces. The mezzanine tier—increasingly popular with contemporary Singaporean homebuyers—opens up possibilities for a dedicated study, secondary living zone, or additional sleeping quarters without compromising the flow of main-floor entertainment areas. This configuration particularly appeals to families seeking adaptable interiors that evolve with their changing needs over time.

Bedroom and Bathroom Specifications

Five generously proportioned bedrooms and six full bathrooms ensure that multi-generational families, or those who regularly host guests and extended relatives, enjoy genuine comfort and convenience. The distribution of facilities across the storeys suggests thoughtful planning: primary suites typically occupy premium positions, whilst secondary bedrooms benefit from natural light and cross-ventilation. Each bathroom has been finished to modern standards, eliminating the need for immediate renovation and allowing purchasers to occupy the property without delay.

Freehold Tenure and Capital Security

The freehold status of this property represents a fundamental advantage over leasehold alternatives. Unlike properties subject to 99-year or 103-year leases, this residence faces no lease decay risk whatsoever. This permanent ownership structure has historically translated into stronger capital preservation, more robust resale demand, and greater lending flexibility from financial institutions. Buyers can approach this purchase with confidence that the land and structure remain their indefinite asset, unaffected by the gradual erosion of lease tenure that constrains many comparable properties across Singapore.

Proximity to Mayflower MRT and Regional Connectivity

Positioned just 1.17 kilometres from Mayflower MRT Station on the Thomson-East Coast Line (TE6), this residence benefits from Singapore's most modern rapid-transit infrastructure. The station, which opened as part of Phase Two of the TEL expansion, has become a focal point for capital appreciation across the surrounding catchment. A fourteen-minute walk to the platform ensures that commuters have direct, efficient access to the city centre, Marina Bay financial district, and eastern regions. This proximity has historically supported stronger rental yields and property appreciation compared to residences located further from MRT nodes.

Educational Proximity and Family Appeal

The property's location within approximately one kilometre of CHIJ St Nics—a highly regarded independent girls' school—strengthens its appeal to families prioritising educational excellence. Singapore's school-proximity premium remains one of the most reliable drivers of sustained property value, and proximity to reputable institutions consistently outperforms broader market trends. Buyers with school-age children will appreciate the minimal travel friction this arrangement provides during term time.

Architectural and Finish Quality

As a newly completed development, the property exhibits contemporary construction standards, modern electrical and plumbing systems, and finishes aligned with current market expectations. Purchasers can take immediate occupancy without undertaking the substantial remediation costs often required for older terraced stock. The new-build premium is offset by the elimination of hidden structural defects, outdated service infrastructure, and the inefficiency penalties associated with aged properties.

Investment Considerations and Yield Potential

At the S$6.08 million price point, this property sits within the premium residential segment. The freehold status, new construction, and MRT proximity create a compelling investment thesis for both owner-occupiers and portfolio investors. The five-bedroom configuration allows for multiple-letting strategies—from single-family rental to partitioned multi-tenant arrangements—though HDB lease restrictions and residential licensing conditions should be verified with the relevant authorities. Conservative yield estimates for comparable freehold terraced properties in MRT-proximate locations typically range between 2.5 and 3.5 percent gross annual rental income, depending on market conditions and tenant profile.

Market Positioning and Comparable Analysis

Terraced properties along the Jalan Gelenggang and wider Bishan-Mayflower corridor have experienced steady appreciation over the past five years, with per-square-foot values ranging from approximately S$980 to S$1,150 depending on tenure, age, and MRT proximity. This listing's per-square-foot price sits at approximately S$1,053 per square foot of floor area—a valuation consistent with new-build freehold stock offering superior finishes and contemporary design. Comparable leasehold terraces in the immediate vicinity typically command lower absolute prices but face lease decay headwinds that constrain long-term appreciation potential.

Financing and Loan Eligibility

At the S$6.08 million purchase price, typical mortgage financing structures allow qualified borrowers to secure up to 75 percent of valuation from institutional lenders, resulting in a loan quantum of approximately S$4.56 million. Monthly mortgage servicing on a standard twenty-year amortisation at prevailing rates would fall within the S$24,000–S$26,000 range, depending on final lending terms. The Total Debt Service Ratio (TDSR) framework, which caps monthly debt obligations at 60 percent of gross monthly income, requires annual household income of at least approximately S$500,000 for comfortable qualification. High-net-worth individuals, successful entrepreneurs, and established professionals typically find this property accessible within their financing parameters.

Additional Buyer Stamp Duty Implications

Purchasers acquiring this property as a second residential holding will incur Additional Buyer's Stamp Duty (ABSD), which scales progressively based on citizenship, permanent residency status, and property ownership history. Singapore citizens purchasing their second residential property currently face ABSD at 15 percent of the purchase price, equivalent to S$912,000 in this instance. Permanent residents and foreign investors face higher rates. These levies should be factored into total acquisition costs when evaluating investment returns or personal affordability parameters.

Future District Development and Appreciation Drivers

The Mayflower precinct continues to benefit from intensified planning attention within the broader Beyond 2030 masterplan framework. The Thomson-East Coast Line catalyst effect has already manifested in significant property revaluation across TE6 catchments, with further upside expected as complementary infrastructure—retail precincts, community facilities, and secondary transport nodes—matures over the medium term. Long-term capital appreciation prospects remain positive, supported by persistent demand from relocating families and the scarcity of new freehold terraced stock in mature, MRT-proximate locations.

Frequently Asked Questions

What is the realistic gross rental yield if this property is purchased as an investment?

For a freehold terraced property of this calibre in an MRT-proximate location, gross rental yields typically range from 2.5 to 3.5 percent per annum depending on tenant quality and market conditions. At the S$6.08 million purchase price, this translates to an estimated annual gross rental income of S$152,000 to S$212,800, or roughly S$12,700 to S$17,700 per month. The five-bedroom configuration offers flexibility for different tenancy models—single-family occupation, dual-unit leasing, or HDB-eligible partitioned arrangements—though investors should verify current residential licensing frameworks with the Urban Redevelopment Authority. Freehold status provides a structural advantage over leasehold alternatives by eliminating lease decay drag on long-term rental yield sustainability.

How does the per-square-foot price compare to recent transactions in this Jalan Gelenggang area?

This property is priced at approximately S$1,053 per square foot of floor area, positioning it squarely within the premium new-build freehold terraced range observed in the Bishan-Mayflower corridor. Recent comparable transactions for leasehold terraced properties in the immediate vicinity have traded between S$900 and S$1,000 per square foot, though these properties carry 99-year lease tenure with attendant depreciation risks. New-build freehold terraces meeting contemporary architectural standards—as this property does—typically command premiums of S$100 to S$150 per square foot relative to ageing leasehold stock. The valuation reflects both the quantum leap in construction quality and the permanent tenure advantage that supports sustained investor demand.

What ABSD must second-property buyers expect to pay on this purchase?

Singapore citizens acquiring this property as a second residential holding will incur Additional Buyer's Stamp Duty at a rate of 15 percent of the purchase price, equating to S$912,000 on the S$6.08 million valuation. Permanent residents face a higher rate of 25 percent (S$1.52 million), whilst foreign investors pay 60 percent (S$3.648 million), making the property substantially more expensive for non-citizen purchasers. These levies are distinct from standard conveyancing fees and represent a material upfront cost that must be factored into total acquisition expenditure and investment return calculations. For second-property buyer groups, the ABSD burden often tips the economic evaluation away from investment-focused acquisitions towards owner-occupied personal-use scenarios.

Does lease decay pose any risk to future resale value, given the property's freehold status?

This property carries zero lease decay risk whatsoever, as it is held on freehold tenure with indefinite ownership rights. Unlike leasehold alternatives—typically bound by 99-year or 103-year leases that gradually erode capital value as the lease term shortens—this freehold asset faces no statutory depreciation mechanism tied to temporal lease expiry. Historically, leasehold properties in Singapore experience accelerating value compression once the lease drops below 60 years remaining, a dynamic entirely absent from freehold holdings. This structural advantage typically translates into superior long-term capital preservation, stronger resale demand from cautious buyers averse to lease decay, and more robust mortgage lending support from financial institutions. For purchasers seeking generational wealth accumulation, freehold status represents a decisive competitive advantage.

How does the 1.17 km proximity to Mayflower MRT drive demand and capital appreciation?

MRT proximity has proven the single most reliable driver of property capital appreciation across Singapore's residential market, and the Thomson-East Coast Line represents one of the most modern, high-capacity rapid-transit systems in the world. Properties within 1.2 kilometres of an MRT station typically command 15 to 25 percent premiums relative to comparable properties 2 to 3 kilometres distant, reflecting both tangible commuting efficiency and the intangible status premium associated with transit-oriented development. Mayflower Station, opening in Phase Two of the TEL project, has catalysed significant capital revaluation across the TE6 catchment, with further appreciation expected as ancillary infrastructure—retail clusters, commercial facilities, and community nodes—matures. Long-term demographic trends favour high-density MRT catchments, ensuring sustained demand from relocating families and professional classes.

Which buyer profiles—HNW, upgraders, first-timers, investors—does this property suit best?

High-net-worth individuals and established family offices will find this property perfectly aligned with diversified residential property portfolios and legacy-building objectives, given the freehold status and blue-chip school proximity. Upgraders moving from smaller HDB flats or older terraced properties will appreciate the contemporary finishes, spacious layout, and elimination of renovation costs incurred with aged stock. First-time owner-occupiers with sufficient household income (typically S$500,000+ annually) to service mortgage obligations can utilise this as a premium stepping-stone property, though the S$6.08 million valuation places it beyond the reach of entry-level buyers. Portfolio investors are well-served by the combination of freehold tenure, MRT proximity, and multiple-letting flexibility, though the purchase price requires substantial equity capital relative to typical investment property parameters. Across all buyer profiles, the freehold tenure and school proximity represent consistent value drivers.

What TDSR and household income thresholds apply to financing this property?

Mortgage financing for this S$6.08 million property typically accommodates loan-to-value ratios of 75 percent for qualified borrowers, resulting in a loan quantum of approximately S$4.56 million. On a twenty-year amortisation schedule at prevailing interest rates (estimated 4.0 to 4.5 percent), monthly mortgage servicing falls within the S$24,000 to S$26,000 range. The Total Debt Service Ratio framework, enforced by the Monetary Authority of Singapore, caps total monthly debt obligations—including mortgages, car loans, and credit facilities—at 60 percent of gross monthly income. This requirement translates to a minimum annual household income of approximately S$500,000 to S$520,000 for comfortable TDSR compliance and lending approval. High-net-worth purchasers typically exceed these thresholds substantially, whilst established professionals and successful entrepreneurs within the S$500,000+ income bracket find this property within achievable financing parameters.

How does this freehold terraced development compare to nearby competing properties or new launches?

Within the Mayflower MRT catchment and broader Bishan-Marymount corridor, competing terraced stock ranges from ageing 99-year leasehold properties priced at S$4.5 to S$5.2 million with significant renovation obligations, to newer leasehold terraces commanding S$5.5 to S$6.0 million with lease terms between 85 and 99 years remaining. This freehold property stands apart by combining new-build quality, contemporary design, permanent tenure security, and MRT proximity at S$6.08 million—a premium justified by elimination of renovation risk and lease decay exposure. Recent new launches in adjacent precincts (Mayflower Park, other TE6 aligned developments) tend to focus on condominium typologies rather than terraced detached houses, reducing direct supply competition and reinforcing scarcity value. The freehold status creates a distinct positioning tier above leasehold alternatives, appealing to cautious capital preservationists willing to pay a structural tenure premium.

Which unit stack, floor configuration, or spatial arrangement offers superior value within this property layout?

The two-and-a-half storey configuration with integrated mezzanine creates distinct spatial value opportunities across the vertical profile. Ground-floor entertainment spaces—typically encompassing living, dining, and kitchen zones with direct garden access—command premium positioning for family-oriented purchasers and entertaining-focused owners, though ground-level exposure to street-facing noise and partial privacy screening may warrant consideration. The first storey commonly accommodates primary suites and secondary bedrooms with natural light, cross-ventilation, and enhanced privacy relative to ground exposure. The mezzanine tier, accessed via circulation from either the ground or first floor, offers flexible deployment as a dedicated study, secondary lounge, or guest quarter with compressed headroom that paradoxically enhances aesthetic drama and contemporary appeal. Upper-floor bedrooms benefit from superior natural light, privacy from street activity, and the psychological elevation valued by Singaporean homebuyers. The spatial configuration lacks inherent weakness; value optimisation depends entirely on purchaser-specific prioritisation of entertaining, multigenerational living, or workspace integration.

What future supply pipeline or district development activity might affect long-term property appreciation?

The Mayflower precinct benefits from integrated planning within the Singapore Master Plan 2019 framework and the Beyond 2030 economic strategy, which emphasises transit-oriented intensification and mixed-use development clustering around anchor MRT stations. Near-term pipeline activities include complementary commercial and retail facilities planned adjacent to Mayflower Station, ancillary transport connectivity improving pedestrian linkages, and secondary precinct development unlocking latent property value. The Thomson-East Coast Line catalyst effect has already manifested across all six stations in Phase Two, with downstream appreciation spreading into surrounding residential areas as transit accessibility improves. Medium-term (ten-year) outlook remains constructive, supported by persistent migration from mature estates and constrained new terraced detached supply in prime MRT-proximate locations. Inflationary pressures on construction costs and land scarcity ensure that new freehold terraced stock remains scarce, supporting capital appreciation relative to broader property market dynamics. Existing residents and early purchasers typically benefit disproportionately from downstream precinct maturation.

5-Bed Freehold Terrace, Jalan Gelenggang – S$6.08M, 1km to Mayflower MRT