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Condo

[For Sale] Condominium At 15 Lorong Kismis — From S$2.8M

15 Lorong Kismis

1 for sale
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Condo

[For Sale] Condominium At 15 Lorong Kismis — From S$2.8M

Condominium At 15 Lorong Kismis
1 Units To Buy
For Sale
Type Units Min Area Price Range
5 BR 1 1270 sqft S$2.8M
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Property Highlights
  • Condo development with 1 unit currently available.
  • Prices currently start from S$2.8M.
  • For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$554K on this acquisition.
  • Located 12 min (1.01 km) from DT5 Beauty World MRT Station.
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View at Kismis: A Well-Positioned Development Near Beauty World

View at Kismis stands as an established residential development located at 15 Lorong Kismis, strategically positioned within one of Singapore's most accessible central neighbourhoods. Situated just 1.01 kilometres from Beauty World MRT Station (DT5 line), the development benefits from excellent connectivity to Singapore's downtown core and surrounding business districts. The proximity to this major transport node makes it particularly attractive to both owner-occupiers seeking convenient commute options and investors evaluating long-term capital appreciation potential.

The development offers a range of unit configurations designed to accommodate varying household sizes and lifestyle requirements. Properties within the project span multiple bedroom categories, allowing prospective buyers to select layouts suited to their specific needs, whether as a primary residence, upgrading property, or investment asset. Current offerings are priced from S$2,770,000, positioning the development within a competitive segment of the central residential market.

Connectivity and Neighbourhood Positioning

Beauty World MRT Station's proximity represents a significant advantage for residents and investors alike. The station serves as a major interchange point on the Downtown Line, providing direct access to major employment centres, shopping districts, and entertainment precincts across Singapore. This level of public transport accessibility typically correlates with sustained rental demand and resilient capital values, making the development particularly attractive to investors seeking long-term yield stability.

The surrounding neighbourhood benefits from mature infrastructure including retail centres, dining establishments, and essential services. The Lorong Kismis address places residents within a well-established residential precinct that has demonstrated consistent demand over multiple property cycles. This maturity in the local market tends to support steady values and reliable tenant availability for investors considering rental yields.

Unit Range and Configuration Options

Properties at View at Kismis encompass multiple unit types spanning different bedroom counts, with individual units typically ranging between 1,270 square feet for larger configurations. This range in available unit sizes ensures that first-time buyers, upgraders, and high-net-worth individuals can all find properties aligned with their specific requirements and investment strategies. The diversity in unit types also supports the development's appeal across different market segments and investment objectives.

Buyers evaluating properties within this development should assess individual unit orientations, floor levels, and stack positioning to determine optimal layouts for their needs. Mid-level units typically command different pricing compared to lower floors or premium high-floor positions, allowing investors to calibrate their acquisition strategy based on target rental demographics or end-user buyer profile.

Investment Yield Considerations

For investors evaluating rental yield potential, properties at View at Kismis benefit from the development's proximity to Beauty World MRT and the established residential nature of the surrounding area. Rental demand in mature central neighbourhoods with excellent public transport connectivity typically ranges between 3% to 4% gross annual yield, though actual returns depend on individual unit specifications, lease terms negotiated with tenants, and prevailing market conditions. The development's position within a well-served neighbourhood with established amenities supports consistent tenant demand from both expatriates and local renters seeking convenient city access.

Prospective investors should note that rental yield calculations must account for property tax, maintenance fees, sinking fund contributions, and potential vacancy periods. Conservative investors typically model yields at the lower end of the range, allowing buffer for market downturns and unexpected maintenance costs, whilst more aggressive investors may assume higher occupancy rates and premium rental positioning.

Financing and Buyer Eligibility

Buyers purchasing their second residential property through View at Kismis will face Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, payable on top of standard stamp duty. This represents a material cost component that must be factored into total acquisition expenses. For example, a S$2.77 million acquisition would incur approximately S$554,000 in ABSD alone, meaningfully impacting overall investment returns and financing requirements.

Total Debt Service Ratio (TDSR) considerations are critical for financing headroom at developments in this price range. Most financial institutions impose a maximum TDSR ceiling of 55%, meaning monthly debt repayments on all loans cannot exceed 55% of gross household income. Properties priced from S$2.77 million typically require household incomes exceeding S$180,000 annually to comfortably achieve financing approval with 20% down payment, though actual serviceability depends on existing liabilities and employment profile.

Lease Tenure and Resale Dynamics

Lease tenure is a critical consideration when evaluating long-term value retention at any leasehold property. Whilst lease decay does not materially affect properties in the early-to-mid stages of their lease term, extended ownership periods do introduce depreciation risk as the property approaches the latter decades of its lease. Properties with longer remaining lease periods (such as those with 999-year leases or freehold status) demonstrate greater resilience in long-term value retention and typically command premium valuations compared to properties on shorter lease terms.

Prospective buyers and investors should review the specific lease tenure applicable to their intended purchase within View at Kismis, as this fundamentally shapes holding period returns and eventual resale proceeds. Properties held for extended periods may face refinancing and resale challenges if lease tenure falls below certain thresholds, making the original lease structure a key component of investment due diligence.

Market Positioning and Comparable Developments

View at Kismis competes within a broader market of established residential developments across the Beauty World precinct and adjacent neighbourhoods. Comparable developments in the immediate vicinity offer broadly similar amenity offerings, transport connectivity, and price positioning, though individual properties may vary in factors such as unit size, renovation status, and specific floor orientations. Transaction data from recent comparable sales in the surrounding area typically ranges between S$2,200 to S$3,200 per square foot, depending on unit type, condition, and floor level positioning.

Investors conducting comparative market analysis should examine recent resale transactions across multiple developments within the 1-kilometre radius of Beauty World MRT to establish appropriate pricing benchmarks. This approach provides market context for evaluating whether units within View at Kismis are trading at a discount or premium relative to comparable properties with similar specifications and tenure structures.

Buyer Profile Suitability

First-time buyers entering the property market may find View at Kismis an attractive entry point given the established neighbourhood quality, mature amenities, and excellent transport connectivity. The development's range of unit types accommodates first-time buyers seeking both compact units and larger family homes, though first-timers should note that purchases at this price level require substantial financial preparation including down payment reserves, legal fees, and ABSD where applicable.

Upgraders transitioning from smaller properties or different neighbourhoods benefit from the development's variety of configurations and the reliable rental demand that supports future resale. High-net-worth individuals and serious investors evaluating View at Kismis should prioritise yield analysis, tenant demographic alignment, and long-term capital appreciation potential within the broader Beauty World precinct context. Each buyer profile benefits from understanding their specific cost structure, financing requirements, and investment timeline when evaluating properties within the development.

Frequently Asked Questions

What rental yield can investors realistically expect from properties at View at Kismis?

Properties at View at Kismis, given their proximity to Beauty World MRT and established residential neighbourhood positioning, typically generate gross annual rental yields between 3% and 4%. This yield range reflects the development's strong tenant demand from both expatriates and local renters seeking convenient access to central Singapore via the Downtown Line. Actual yields depend on individual unit specifications, prevailing market rental rates, lease terms negotiated with tenants, and management efficiency. Investors should model conservative yields at the lower end of this range whilst accounting for vacancy periods, property tax, maintenance contributions, and sinking fund obligations to determine net returns accurately.

How does the pricing at View at Kismis compare to recent comparable sales in the Beauty World area?

Recent transaction data from comparable developments within a 1-kilometre radius of Beauty World MRT typically ranges between S$2,200 to S$3,200 per square foot for resale units, depending on size, condition, and floor positioning. At View at Kismis, unit pricing from S$2,770,000 places the development competitively within this established market range. The specific price-per-square-foot achieved by individual units within the development depends on factors including exact bedroom count, floor level, unit orientation, and renovation condition. Prospective buyers should conduct direct comparison of recent arm's-length transactions at multiple nearby developments to establish whether units at View at Kismis are trading at fair value relative to the broader precinct.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens buying their second residential property here?

Singapore Citizens purchasing their second residential property at View at Kismis face Additional Buyer's Stamp Duty (ABSD) at the current statutory rate of 20% on the purchase price, payable in addition to standard stamp duty. For a property acquisition of S$2.77 million, this translates to approximately S$554,000 in ABSD liability alone. This represents a material cost component that significantly impacts total acquisition expenses and return-on-investment calculations. Buyers must incorporate ABSD into their overall financial planning and should seek professional tax advice regarding whether any exemptions or reliefs may apply to their specific circumstances.

Does lease tenure pose a long-term resale or refinancing risk at View at Kismis?

Lease tenure is a critical long-term value driver for leasehold properties at View at Kismis. Whilst lease decay does not meaningfully impact properties in the early-to-mid stages of their lease term, properties approaching the final decades of their lease do face increasing depreciation and refinancing challenges. Buyers should establish the specific remaining lease tenure applicable to their intended purchase, as this fundamentally shapes holding period returns and eventual resale value. Properties with longer remaining lease periods or freehold status demonstrate superior long-term value retention and typically command premium valuations compared to properties on shorter remaining lease terms.

How does proximity to Beauty World MRT Station affect long-term capital appreciation and rental demand?

Beauty World MRT Station's position as a major interchange on the Downtown Line creates substantial long-term capital appreciation support and consistent rental demand for View at Kismis. The station provides direct connectivity to major employment hubs, shopping districts, and entertainment precincts across Singapore, making the development attractive to both owner-occupiers and investors. Properties situated within 1 kilometre of major MRT stations historically demonstrate more resilient capital values and lower vacancy risk compared to properties with more distant transport access. This transport connectivity typically supports sustained demand across multiple property cycles, benefiting both investors seeking stable rental yields and owner-occupiers prioritising convenient commuting.

Is View at Kismis suitable for first-time homebuyers, upgraders, or serious investors?

View at Kismis accommodates multiple buyer profiles given its established neighbourhood positioning, diverse unit configurations, and excellent connectivity. First-time buyers benefit from the mature infrastructure, reliable amenities, and accessible MRT connectivity, though they should carefully evaluate their financing capacity given the development's price range. Upgraders transitioning from smaller properties appreciate the variety of unit types and the strong local rental demand that supports future resale flexibility. Serious investors prioritise yield analysis and capital appreciation potential, focusing on unit selection that optimises tenant demographic alignment and long-term appreciation trajectory within the Beauty World precinct market. Each buyer profile should conduct thorough due diligence aligned with their specific investment timeline and financial objectives.

What financing headroom and TDSR requirements apply to buyers at typical View at Kismis price points?

Properties priced from S$2,770,000 at View at Kismis typically require household incomes exceeding S$180,000 annually to comfortably achieve financing approval with a 20% down payment, subject to standard Debt Service Ratio (TDSR) constraints. Financial institutions impose a maximum TDSR ceiling of 55%, meaning monthly debt repayments cannot exceed 55% of gross household income. Buyers must account for existing liabilities including car loans, credit card facilities, and other personal debts when assessing overall financing headroom. Prospective purchasers should engage directly with financial institutions to model serviceability scenarios based on their specific income profile and existing debt obligations.

Which competing developments in the Beauty World area offer comparable positioning and pricing?

View at Kismis competes with established residential developments across the Beauty World precinct including properties at nearby addresses within the 1-kilometre radius of the MRT station. Comparable developments offer similar transport connectivity, neighbourhood amenities, and price positioning, though individual properties vary in factors such as unit configurations, renovation condition, and specific floor orientations. Investors evaluating View at Kismis should examine recent transaction data and current listings across multiple competing developments to establish realistic market benchmarks. This comparative analysis helps identify whether units at View at Kismis offer superior value propositions relative to alternative properties with similar specifications and tenure structures in the immediate precinct.

Do certain floor levels or unit stacks at View at Kismis offer better value than others?

Unit value at View at Kismis varies significantly based on floor level, stack positioning, and specific orientation characteristics. Mid-level units typically command different pricing compared to lower-floor or premium high-floor positions, with investor preferences varying based on target rental demographics and owner-occupier requirements. Higher floors often command price premiums reflecting enhanced views and perceived prestige, whilst mid-level units may offer superior value for investors prioritising yield over premium positioning. Prospective buyers should inspect specific units within the development and assess individual stack characteristics to determine optimal floor levels aligned with their investment strategy and end-user buyer profile preferences.

What is the outlook for future housing supply and competition in the Beauty World district?

Beauty World district has established itself as a mature, well-serviced residential precinct with limited remaining land availability for major new residential developments. Future housing supply growth in this area will likely remain constrained, supporting longer-term capital appreciation potential for existing developments like View at Kismis. The proximity to the mature MRT interchange and established shopping, dining, and commercial infrastructure suggests sustained demand for residential properties within the immediate area. Investors should monitor any government land sales or major development announcements in the broader district, but the current supply-demand dynamics appear supportive of continued value appreciation for well-positioned existing developments.