Type

Units

Min Area

Price Range

4 BR

5242 sqft

S$10M

5 BR

6674 sqft

S$13.7M

Type

Units

Min Area

Price Range

4 BR

5640 sqft

S$20,000/mo

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$20,000 to S$13.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$4,000 on this acquisition.
Located 3 min (230 m) from TE19 Shenton Way MRT Station.

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One Shenton: Premium Residential Living in Singapore's Financial Heart

One Shenton represents a defining residential opportunity within Singapore's most prestigious business district. Situated at 1 Shenton Way, this development occupies an enviable address synonymous with corporate excellence and urban sophistication. The proximity to Shenton Way MRT Station—a mere 230 metres away on the Thomson-East Coast Line—anchors the project within one of the island's most connective transport nodes, offering unparalleled access to employment hubs, retail precincts, and cultural landmarks across the island.

The Central Business District has long commanded premium valuations driven by proximity to multinational headquarters, financial institutions, and professional services firms. One Shenton capitalises on this enduring appeal by offering contemporary residential accommodation that caters to executive professionals, global relocates, and sophisticated investors seeking exposure to Singapore's most economically vibrant precinct. The catchment extends beyond the CBD itself; direct MRT linkage means commuting to Orchard, Marina Bay, and the eastern corridors occurs within 15 to 20 minutes, positioning the development as an attractive option for those balancing work location with lifestyle considerations.

Unit Diversity and Space Standards

The project encompasses multiple unit configurations, accommodating buyers across varied household compositions and investment mandates. Offerings range from compact city dwellings to expansive multi-bedroom residences, with floor plates delivering between 2,000 and 5,300 square feet depending on configuration. This breadth ensures flexibility for first-time upgraders moving into the CBD market, established families seeking consolidation into a single premium location, and institutional investors appraising the project's rental appeal and capital preservation characteristics.

Finish standards reflect the luxury positioning: kitchens feature integrated European appliances, bathrooms incorporate premium sanitary fittings and rainfall showers, and living spaces benefit from generous ceiling heights and panoramic outlooks across the Marina and CBD skyline. Internal layouts prioritise separation of service and living zones, accommodating diverse working arrangements and entertaining preferences typical of the high-net-worth demographic.

Location Advantages and Transport Connectivity

Shenton Way's designation as a Core Central Business District zone ensures ongoing commercial development and infrastructure investment. The Thomson-East Coast Line, on which the adjacent MRT station sits, forms part of Singapore's broader transport rationalisation strategy, with the line extending progressively towards Changi Airport and residential nodes in the eastern and north-eastern quadrants. This infrastructure maturity translates to residential stability: transport bottlenecks recede as alternative corridors come online, whilst the precinct itself remains sheltered from excessive residential oversupply typical of emerging residential nodes.

Immediate walkability encompasses multiple dining and retail destinations within the Shenton Way corridor and adjacent Marina Bay precinct. The Singapore River walk, botanical gardens, and cultural institutions lie within a 15-minute radius, offering leisure counterbalance to the district's working profile. For those requiring regular CBD access—whether to offices, courts, or financial exchanges—the development's transport positioning diminishes both commuting burden and lifestyle friction.

Market Positioning and Buyer Suitability

One Shenton appeals to distinct buyer cohorts. High-net-worth individuals seeking tax-efficient residential bases in Singapore's premier business district find the location and privacy amenities aligned with their requirements. Corporate relocates—particularly those deployed by financial institutions, law firms, and multinational enterprises—benefit from the location's directness to employment centres and international connectivity via Changi Airport. Upgraders transitioning from HDB or non-CBD private housing into consolidated CBD living see the project as a credible consolidation point, whilst investors appraising medium-to-long-term capital appreciation within a geographically constrained, supply-limited precinct recognise the development's scarcity value and rental yield prospects.

Investment and Financing Considerations

Properties within the CBD command ongoing institutional and individual investor attention due to limited developable land, heritage conservation constraints, and the precinct's role as Singapore's premier office-residential nexus. For those purchasing as a second residential property, Additional Buyer's Stamp Duty at the current rate of 20% applies to Singapore Citizen purchasers; this materially impacts entry costs and should be factored into overall acquisition budgeting alongside legal, survey, and agent costs. Financing capacity typically extends to 75 to 80 per cent loan-to-value for established borrowers with stable income, though individual bank policies vary.

Rental yields in the CBD typically track between 2.5 and 3.5 per cent per annum depending on unit configuration, finishes, and prevailing service apartment competition. The development's proximity to hotels and serviced apartment operators means corporate rental demand remains robust, with lease terms typically ranging from 12 months to 3 years. Long-term appreciation is anchored by the district's functional primacy within Singapore's economy rather than speculative cycles, offering capital stability absent from emerging districts.

Competitive Context and District Supply

One Shenton competes directly with a limited set of recent or contemporary residential developments within the CBD proper. Nearby freehold projects command premium pricing reflecting their alternative tenure structure; comparison on a price-per-square-foot basis typically favours leasehold developments such as One Shenton, particularly when accounting for the 99-year lease tenure. Neighbouring developments focused on hotel-apartment hybrids or corporate accommodation operate under different regulatory frameworks and do not directly compete on the residential owner-occupier or investment market.

The district's land constraint and heritage conservation status ensure new supply remains regulated; significant residential additions are unlikely over the medium term, supporting scarcity value and resale demand for existing stock. Planning officials continue to prioritise commercial and mixed-use development over residential in the CBD, reinforcing the relative rarity of contemporary residential products.

Long-Term Capital Fundamentals

The CBD's enduring economic centrality, combined with supply inelasticity and the development's transport connectivity, positions One Shenton favourably within Singapore's broader residential market. Capital appreciation over rolling 5 to 10 year periods has historically tracked inflation plus 1 to 2 per cent per annum within this precinct, reflecting stability rather than volatility. This measured appreciation profile suits long-term wealth preservation strategies rather than near-term arbitrage, aligning with the typical holding horizon of CBD residential purchasers.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at One Shenton as an investment property?

CBD residential properties, including One Shenton, typically generate rental yields between 2.5 and 3.5 per cent per annum, depending on unit size, finishes, and prevailing corporate rental demand. The development's proximity to major employment centres and transport infrastructure underpins consistent tenant demand, with lease terms predominantly spanning 12 to 36 months. Yield realisation is contingent on effective property management, competitive rental positioning against nearby serviced apartments, and macroeconomic health of Singapore's financial services sector, which drives a large proportion of CBD rental enquiry.

How does One Shenton's price per square foot compare to recent CBD transactions?

Recent comparable transactions in the CBD-adjacent precincts have transacted between S$2,200 and S$3,100 per square foot depending on finish quality, unit size, and specific location within the business district. One Shenton's pricing reflects its premium positioning and contemporary finishes; smaller units typically command higher per-square-foot valuations than expansive floor plates due to pricing efficiency and demand from downsizers and corporate relocates. Direct comparison with freehold developments proves difficult; leasehold properties such as One Shenton generally trade at a 15 to 20 per cent discount to equivalent freehold offerings on a per-square-foot basis, reflecting the tenure distinction and remaining lease duration.

What Additional Buyer's Stamp Duty (ABSD) will I pay if this is my second property purchase?

Singapore Citizen purchasers acquiring One Shenton as a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20 per cent on the purchase price. For a property valued at S$3 million, ABSD would total S$600,000—a material cost that substantially impacts total acquisition expenditure and should be incorporated into financing and cashflow planning from the outset. ABSD is payable at the point of purchase completion and cannot be deferred or financed as part of the mortgage facility. Permanent Residents and foreign nationals face higher ABSD rates; those considering purchase should seek independent tax and legal advice to understand their specific liability.

Does the 99-year leasehold tenure present lease decay risks that could impact my resale value?

One Shenton holds a 99-year leasehold interest, a standard tenure for residential property in Singapore's central areas where freehold land is scarce. The 99-year tenure is sufficiently long-dated that lease decay does not meaningfully impact value or mortgageability within typical holding horizons of 5 to 15 years; most lenders continue to advance 75 to 80 per cent loan-to-value financing on 99-year leasehold properties. However, purchasers acquiring with an intention to hold for 20+ years should recognise that lease renewal or top-up mechanisms will become relevant considerations as the lease matures beyond 60 years remaining; Singapore's en bloc collective sale framework provides one pathway for leaseholders to address lease renewal collectively, though individual outcomes vary. This does not materially impact current or near-term investment attractiveness but forms part of longer-term legacy planning.

How does proximity to Shenton Way MRT Station support capital appreciation and long-term demand?

Transport connectivity fundamentally underpins residential demand in Singapore's constrained urban environment. Shenton Way MRT Station's location on the Thomson-East Coast Line—one of the network's primary spines—ensures sustained commuting demand from residents working across multiple business districts and residential precincts. The MRT proximity directly reduces commuting friction for professionals employed in the CBD, Marina Bay, or eastern employment nodes, supporting occupier demand. Capital appreciation is bolstered by the fact that new residential supply within the CBD remains constrained by land scarcity and planning priorities; the transport advantage therefore compounds over time as alternative residential options become increasingly distant from employment centres. Historically, CBD residential properties within 300 metres of an MRT station have outpaced those further afield in appreciation velocity, driven by occupier demand and reduced transport expenditure headroom.

Is One Shenton suitable for first-time property buyers, or is it positioned exclusively for high-net-worth investors?

Whilst One Shenton's entry price point and luxury finishes naturally appeal to high-net-worth and corporate relocation demographics, the development can accommodate selective first-time buyer profiles—specifically those with substantial equity or savings, stable professional income in the S$150,000+ range, and a preference for urban CBD living over suburban family accommodation. First-time buyers should recognise that CBD property acquisition involves higher stamp duty, insurance, and service charges relative to suburban equivalents; total ownership costs exceed purchase price by 8 to 12 per cent annually. The development is less suitable for first-time buyers seeking family space at competitive valuations or those prioritising capital growth acceleration over lifestyle consolidation. For first-timers, One Shenton functions more as a lifestyle and work-proximity optimisation decision than as a capital appreciation vehicle.

What TDSR headroom should I model, and can I realistically finance a One Shenton purchase?

Total Debt Servicing Ratio (TDSR) regulations limit borrowing to 60 per cent of gross monthly income for most borrower profiles. On a purchase price of S$3 million with a 20 per cent down payment (S$600,000), a mortgage of S$2.4 million at current interest rates (~3.5 per cent) generates monthly servicing of approximately S$11,000. This implies a minimum gross monthly income requirement of approximately S$18,300, though most lenders apply a 30 per cent buffer and require S$22,000+ monthly income for comfort. Established professionals in finance, law, and corporate sectors typically meet these thresholds with margin; however, self-employed individuals or those with variable income face stricter underwriting. Service charges at One Shenton typically total S$400 to S$600 monthly and must be factored into total housing costs when modelling affordability.

How does One Shenton compare to competing CBD residential developments in terms of value and positioning?

One Shenton's primary competitive set comprises older established developments (Marina Bay suites, adjacent CBD residential blocks) and newer hotel-apartment hybrids that serve corporate markets differently. Relative to equivalent freehold CBD addresses, One Shenton's leasehold tenure creates a 15 to 20 per cent valuation discount, improving accessibility for buyers unable to sustain freehold pricing. Compared to non-CBD luxury residential products (Orchard, Sentosa), One Shenton commands a 5 to 10 per cent premium on a per-square-foot basis, reflecting the CBD's employment centrality and scarcity value. The development's contemporary amenities and finishes match or exceed those of comparable age properties; differentiation lies primarily in location (CBD vs. suburban) and buyer profile (executive/corporate vs. family or lifestyle).

Are certain floor levels or unit stacks at One Shenton better positioned for resale value retention?

Within the CBD context, middle and upper-middle floors (levels 15 to 35) typically command modest premiums over lower floors, driven by reduced traffic noise from Shenton Way and enhanced views across Marina Bay and the CBD skyline. Ground and podium-level units often appeal to those prioritising convenience and retail accessibility but may trade at 3 to 5 per cent discounts relative to equivalent mid-floor configurations. Very high floors (level 40+) attract a niche buyer segment willing to pay premiums for privacy and vista; however, resale pools narrow considerably at these levels, potentially reducing market depth during exit periods. For investment-focused purchasers prioritising resale liquidity and predictable pricing, mid-level stacks (floors 18 to 28) typically offer optimal balance between buyer demand, pricing stability, and future exit flexibility. Lower-floor units provide stronger rental demand from corporate relocates and serviced apartment competition.

What residential supply pipeline exists in the CBD and adjacent precincts that might impact One Shenton's future value?

The CBD's land constraint and heritage conservation status severely limit new residential supply. No major residential projects have received planning approval within the CBD boundary itself over the past three years, and the urban renewal authority continues to prioritise commercial and mixed-use intensification over residential conversion. Emerging supply in adjacent precincts (Marina Bay, Tanjong Pagar) includes some residential components, but these typically occupy different market segments or serve hotel-apartment functions rather than competing directly for owner-occupier demand. This structural supply inelasticity bolsters One Shenton's long-term scarcity value and resale demand; unlike suburban developments that may face competition from new projects within 2 to 3 kilometres, the CBD's regulatory environment ensures new residential competition remains unlikely over the medium to long term, supporting capital preservation and measured appreciation.

[For Sale / Rent] One Shenton — From S$20,000