Type

Units

Min Area

Price Range

2 BR

1109 sqft

S$1.9M

4 BR

5242 sqft

S$10M – S$12M

5 BR

5242 sqft

S$9.8M – S$13.7M

Property Highlights

Condo development with 7 units currently available.
Prices currently range from S$1.9M to S$13.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$380K on this acquisition.
Located 3 min (230 m) from TE19 Shenton Way MRT Station.

Price Trends & Rental Yield

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One Shenton: Elite Living in Singapore's Most Coveted Business District

One Shenton stands as a cornerstone residential development within Singapore's Central Business District, occupying a prestigious position along Shenton Way in the Tanjong Pagar enclave. The dual-tower composition, with the tallest structure reaching 50 storeys, was completed in 2011 and represents a transformative redevelopment of prime downtown real estate. The development comprises 341 thoughtfully designed apartments, spanning one-bedroom through four-bedroom layouts, alongside exclusive sky villas that cater to the most discerning residents seeking uncompromising luxury in an urban setting.

The architectural distinction of One Shenton lies in its innovative twin-tower design, which maximises both light penetration and panoramic vistas across the Singapore skyline and the Marina Bay precinct. Each residence benefits from considered orientation and generous proportions, with unit sizes reaching up to 6,674 square feet for the most expansive offerings. The development's positioning within the Downtown Core means residents enjoy immediate proximity to Singapore's commercial epicentre whilst maintaining serene, elevated living spaces removed from street-level activity.

Unparalleled Transport Connectivity

Accessibility is a defining strength of One Shenton, with the development situated merely 230 metres—approximately three minutes on foot—from Shenton Way MRT Station on the Thomson-East Coast Line. This exceptional proximity to mass rapid transit ensures seamless commuting across the entire island network. Beyond the nearest station, residents enjoy convenient access to Downtown, Telok Ayer, and Raffles Place MRT Stations, all within the immediate vicinity, affording multiple transport options and reducing dependency on any single transit node.

The transport advantage extends beyond mere distance; the clustering of three major MRT stations within walking range positions One Shenton dwellers at the intersection of multiple urban corridors, facilitating rapid movement to employment centres, educational institutions, and recreational destinations throughout the island. For those who drive, the development provides secure on-site parking with comprehensive facilities, whilst the CBD location supports an increasingly car-lite lifestyle given the abundance of public transport alternatives.

Comprehensive Amenity Suite and Lifestyle Features

The residential experience at One Shenton transcends the apartment walls, supported by an expansive array of on-site facilities designed to foster wellness, leisure, and community engagement. The aquatic provision includes a lap pool, spa pool, leisure pool, and dedicated wading facilities, catering to swimmers of all abilities and preferences. Fitness enthusiasts benefit from a sky gymnasium positioned to capture elevated vistas, complemented by an outdoor fitness corner and dedicated yoga terrace for those prioritising wellness in natural settings.

Hospitality and relaxation spaces are distributed throughout the development, including spa lounges, a comprehensive spa garden, sky lounges, and sky lobbies that serve as gathering hubs with curated ambiance. Entertainment amenities encompass a theatrette for private screenings, function rooms suitable for gatherings and celebrations, games rooms for recreational pursuits, and a library for quiet intellectual engagement. The thoughtful inclusion of a refreshment and juice bar, along with laundrette facilities and multiple lounges, reflects a comprehensive approach to resident convenience and quality of life.

Strategic Location within the Marina Bay Ecosystem

One Shenton's Downtown Core positioning integrates residents into Singapore's most dynamic urban precinct. The Marina Bay area immediately adjacent to the development encompasses world-class retail destinations including The Shoppes at Marina Bay Sands, Marina Bay One, and One Raffles Place, alongside cultural institutions, fine dining establishments, and recreational spaces. The Amara Shopping Centre and 100 AM provide additional retail and dining options, creating an environment where lifestyle amenities are steps rather than kilometres away.

The neighbourhood character combines commercial vibrancy with carefully curated public spaces, waterfront promenades, and event venues that activate the district throughout the year. This integration means One Shenton residents experience urban convenience without sacrificing the quality or security of their residential environment—a rare equilibrium in dense city-centre locations.

Educational Institutions and Family Considerations

For families prioritising educational excellence, the wider Tanjong Pagar and Downtown Core areas provide access to several respected primary schools including Cantonment Primary and River Valley Primary, alongside the well-regarded CHIJ (Kellock). Secondary education options include Outram Secondary School at 1.7 kilometres distance. For families seeking international curricula, Jewellery Design & Management International School and Insworld Institute operate within accessible proximity. Tertiary institutions including Singapore Management University are situated 2.1 kilometres away, and Catholic Junior College serves as a nearby junior college option at 5.5 kilometres, accommodating the educational progression of resident families through multiple age cohorts.

Investment Profile and Capital Appreciation Trajectory

One Shenton's freehold tenure provides infinite ownership duration without lease decay concerns that affect leasehold properties. This structural advantage, combined with its positioning as one of Singapore's most established luxury developments and its location within the Downtown Core—the island's most restricted supply corridor—creates a compelling foundation for capital preservation and appreciation. The development's completion in 2011 means the asset benefits from proven market performance across multiple economic cycles, with documented transaction history informing realistic expectations for future value trajectories.

The scarcity of freehold developments in the CBD amplifies One Shenton's appeal to long-term wealth preservation strategies. Institutional and ultra-high-net-worth investors view such properties as strategic assets that anchor broader property portfolios, with the inherent liquidity of the CBD market providing exit flexibility when circumstances warrant. The 341-unit composition creates a sufficiently robust secondary market, ensuring transactions occur with reasonable frequency and competitive pricing discovery.

Comparative Market Position

Within Singapore's luxury residential landscape, One Shenton occupies a distinct position as an established CBD development with full-building occupancy history, transparent transaction data, and a curated resident base. Relative to newer launches in adjacent precincts, the development offers tested amenities, proven management infrastructure, and the intangible benefit of established community character. Competing developments within the Downtown Core and Marina Bay vicinity may offer newer construction or contemporary design language, yet One Shenton's freehold status and transport advantage remain difficult to replicate.

The price positioning reflects this equilibrium—the development commands premium valuations relative to suburban luxury alternatives, yet remains more accessible than exclusive landed enclaves or ultra-rare whole-floor penthouses. This pricing architecture appeals to buyers seeking credible CBD exposure without the stratospheric valuations of extremely limited-supply developments.

Suitability Across Buyer Profiles

One Shenton accommodates diverse buyer motivations across the affluent spectrum. Owner-occupiers seeking primary residences in the CBD benefit from the complete amenity package and established management. Upgraders transitioning from smaller units or suburban properties discover the scale, finishes, and location justify the capital commitment. Investors recognise the rental demand inherent in CBD-location proximity to employment, tourism, and transient executive populations. International buyers appreciate the freehold status, transparent Singapore regulatory framework, and prestige associated with CBD ownership.

The development's diverse unit mix—from compact one-bedroom apartments suitable for young professionals to sprawling four-bedroom residences and sky villas for multi-generational families—ensures broad appeal across demographic segments within the affluent buyer cohort. This diversity supports both primary and secondary market depth, reducing liquidity risks that concentrate in niche-appeal developments.

Frequently Asked Questions

What is the estimated rental yield for properties at One Shenton when purchased as an investment?

One Shenton's CBD location and proximity to three major MRT stations generate substantial demand from expatriate executives, corporate transferees, and short-term accommodation seekers, supporting gross rental yields typically ranging from 3.5% to 4.5% depending on unit size, orientation, and market conditions. The freehold tenure eliminates lease-expiry concerns that suppress yields on leasehold alternatives, whilst the established development with 341 units provides consistent tenant flow rather than relying on speculative pre-completion marketing. Investors should model yields against current market rent for comparable CBD units, typically S$8,000 to S$15,000 monthly for two-bedroom apartments, though premium units and sky villas command considerably higher rents; actual yield realisation depends on personal financing structure, holding period, and expense management including property tax and maintenance contributions.

How does One Shenton's price per square foot compare to recent transactions in the Downtown Core and Marina Bay precincts?

One Shenton's valuation reflects its freehold status, established 2011 completion date, and premier CBD location, with recent transaction evidence suggesting price-per-square-foot valuations ranging from approximately S$2,300 to S$2,800 depending on unit size, floor level, and view orientation. Comparable freehold CBD developments and new-launch projects in the Marina Bay vicinity command broadly similar ranges, though the scarcity of available freehold stock in the Downtown Core means One Shenton frequently achieves valuations at the upper end of the local market range. Leasehold alternatives in the same district typically transact at 10-15% discounts per square foot relative to freehold comparables, reflecting the mathematical impact of finite lease tenure on long-term capital preservation; buyers should benchmark unit-specific pricing against recent arm's-length transactions rather than asking prices, as CBD supply constraints mean individual unit characteristics significantly influence realized pricing.

What are the Additional Buyer's Stamp Duty (ABSD) implications for a Singapore Citizen purchasing a second residential property at One Shenton?

A Singapore Citizen purchasing a second residential property at One Shenton incurs Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, calculated on the higher of the purchase price or the instrument value. For a property transacting at S$9.8 million, the ABSD liability would therefore be approximately S$1.96 million, payable upfront during the conveyancing process and non-recoverable; this represents a material cost that must be factored into acquisition budgets and investment return modelling. Buyers should engage qualified conveyancing solicitors to calculate precise ABSD liability based on their specific property price and personal circumstances, as the 20% rate applies uniformly to second residential properties regardless of individual financial profile. ABSD does not apply to foreigners purchasing property in Singapore, nor does it apply to Singaporean Citizens purchasing their first residential property; understanding personal eligibility is essential for accurate financial planning.

Does One Shenton face lease decay risk, and how might this affect resale value and long-term ownership?

One Shenton is offered on a freehold basis, meaning there is no lease duration to decay and no expiry date that would compress value as the property ages—a fundamental structural advantage over 99-year and 999-year leasehold alternatives. This freehold tenure insulates owners from the mathematical reality that leasehold properties inexorably lose value as the lease tenure shortens, with accelerated depreciation typically beginning when the remaining lease falls below 80 years. Buyers considering this property can confidently structure multi-generational ownership strategies without concern for legislative intervention regarding lease extension costs or forced redemption terms that have historically affected older leasehold stock. The freehold status underpins both immediate capital preservation and intergenerational wealth transfer, distinguishing One Shenton from the majority of residential developments in Singapore where leasehold tenure introduces time-dependent depreciation dynamics.

How does proximity to Shenton Way MRT Station affect demand, capital appreciation, and tenant acquisition for One Shenton?

The three-minute walking distance to Shenton Way MRT Station on the Thomson-East Coast Line constitutes a material capital appreciation driver, as transport accessibility ranks among the most significant value determinants in Singapore property markets; developments within five minutes of MRT consistently exhibit superior price growth relative to car-dependent alternatives. For owner-occupiers, this proximity eliminates transportation friction for commuting to employment across the island network, directly supporting purchase motivation and justifying premium pricing; for investors, the abundance of potential tenants (corporate executives, expatriate professionals, young families) who prioritise MRT connectivity generates consistent rental demand and faster tenant turnover. The clustering of three major MRT stations within the immediate neighbourhood further amplifies this advantage, as residents enjoy redundancy and route flexibility that single-station locations cannot provide. Capital appreciation patterns in the Downtown Core consistently demonstrate that developments within 300 metres of major MRT interchanges outperform more distant alternatives by 20-30% over extended holding periods, reflecting the compounding effect of superior accessibility on buyer preference and tenant demand.

Which buyer profiles are best suited to One Shenton, and what are the key value propositions for each segment?

High-net-worth owner-occupiers seeking primary residences value One Shenton's combination of freehold tenure, established luxury reputation, comprehensive amenities, and CBD walkability to cultural institutions, fine dining, and retail—recognizing that the development offers central city living without the trade-offs of smaller apartment sizes or lower-amenity alternatives. Property investors view One Shenton as a portfolio anchor asset combining stable rental yield, indefinite tenure security, and proven liquidity in the secondary market, with the 341-unit composition ensuring sufficient transaction frequency for efficient exit execution. Upgraders transitioning from smaller suburban properties or older downtown apartments discover that One Shenton's space (units reaching 6,674 sq ft), finishes, and amenity package justify the capital commitment whilst the established development character provides known management quality and resident community. International buyers and foreign entities appreciate Singapore's transparent regulatory framework, the freehold status eliminating future lease-extension costs, and the prestige associated with CBD property ownership, viewing One Shenton as a stable, politically-secure wealth store; each profile derives distinct value from the development's position, tenure, and location.

What is the Total Debt Service Ratio (TDSR) impact and financing headroom for typical One Shenton purchase prices?

For a buyer financing a One Shenton purchase at typical valuations around S$9.8 million with a 30% down payment (S$2.94 million) and a mortgage of S$6.86 million at prevailing rates around 4.25%, the monthly loan repayment would approximate S$35,000 over a 25-year amortisation; the TDSR framework requires total monthly debt obligations (including this mortgage plus any existing personal or property debt) to not exceed 60% of gross monthly income, meaning the buyer would require approximately S$58,300 in monthly gross income to comfortably service this single obligation whilst maintaining 40% headroom for personal expenses and existing debt. Buyers should engage qualified mortgage advisors to model their specific financial circumstances, as TDSR calculations incorporate all debt obligations and are assessed at prevailing central bank lending rates rather than promotional rates; the CBD location and established development status typically qualify for standard residential mortgage products from major banks without additional restrictions. Property investors purchasing as a limited company or trust structure may encounter different TDSR treatment or stricter lending criteria, requiring proactive engagement with institutional lenders to confirm financing approval before exchange of contracts.

How does One Shenton compare to competing luxury developments in the Downtown Core and Marina Bay precincts?

One Shenton's primary competitive advantage resides in its freehold tenure, which is exceedingly rare in the CBD and absent entirely from most competing developments—nearly all alternative luxury developments within the Downtown Core are offered on 99-year or 999-year leasehold, introducing mathematical depreciation that freehold ownership eliminates. The development's 2011 completion date and 341-unit composition mean it has achieved full market integration with transparent transaction history and proven secondary-market demand, unlike newer launches where pricing discovery remains incomplete and resident satisfaction unproven. Competing developments may offer contemporary design language, newer amenities, or premium finishes, yet One Shenton's established character, transport advantage, and tenure structure typically command pricing parity or premiums despite age; the trade-off involves choosing between cutting-edge aesthetics (newer projects) versus proven asset stability and tenure security (One Shenton). Buyers should directly compare unit-specific pricing, amenity offerings, and lease structures against identified alternatives to assess personal value alignment, recognizing that freehold status alone justifies One Shenton's premium positioning even against newer, architecturally distinctive competitors.

Are there optimal unit stack positions or floor levels at One Shenton that offer superior value relative to premium pricing?

Lower-stack units (floors 10-20) typically offer the most compelling value proposition, as they command 15-25% discounts relative to mid-level and premium-level units whilst retaining excellent light, reasonable views, and full amenity access; such units appeal to investors prioritising yield rather than prestige, and to owner-occupiers who recognise that the psychological premium for 'higher equals better' often exceeds the actual utility differential. Mid-range stacks (floors 25-35) balance view quality, wind and noise exposure, and pricing, appealing to buyers seeking equilibrium between capital efficiency and environmental amenity; these floors typically achieve the highest turnover velocity, indicating strong secondary-market demand and efficient exit optionality. Premium levels (floors 40+) and sky villa units command significant premiums justified by panoramic vistas, prestige positioning, and reduced noise exposure, appealing to ultra-high-net-worth buyers for whom pricing is secondary to exclusivity and view quality. Building stack designation (Tower A versus Tower B) and unit orientation (Marina Bay views, city skyline views, internal courtyard views) significantly influence pricing within each floor range; buyers should compare unit-specific pricing per square foot across comparable floor ranges and orientations to identify opportunities where personal preferences align with market undervaluation relative to comparable units.

What is the outlook for residential supply in the Downtown Core and central area, and how might this affect One Shenton's future appreciation?

The Downtown Core district operates under extremely restrictive land-use controls and elevated acquisition costs that severely constrain new residential development supply—most recent projects have involved conservation-and-conversion of heritage structures rather than new high-rise construction, resulting in a supply pipeline that is minimal relative to demand from corporate relocations, wealth migration, and upgrading from older stock. Government policy explicitly restricts new residential development in the central business core, prioritising commercial and office-sector growth to maintain Singapore's global financial-centre positioning; this regulatory constraint ensures One Shenton benefits from limited competitive supply increases, supporting long-term capital appreciation driven by income growth and immigration rather than new construction supply inflation. Marina Bay and surrounding precincts have absorbed the majority of recent luxury residential launches, yet even these locations face supply constraints due to limited developable land and high acquisition costs; One Shenton's positioning as an established, freehold development in a supply-restricted district provides meaningful insulation from new-development price deflation that affects markets with abundant pipeline. Buyers should view One Shenton as benefiting from compounding supply scarcity that typically supports mid-to-long-term capital appreciation outperformance relative to suburban and outer-ring residential markets where supply is more abundant.

One Shenton — From S$1.9M