Type

Units

Min Area

Price Range

1 BR

377 sqft

S$880K – S$1000K

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$880K to S$1000K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$176K on this acquisition.
Located 10 min (790 m) from TE15 Great World MRT Station.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

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

RV Edge: Urban Living on Shanghai Road

RV Edge stands as a contemporary residential development anchored on Shanghai Road, positioning residents within one of Singapore's most dynamic and rapidly evolving precincts. Located just 790 metres from Great World MRT Station (TE15), the development offers seamless connectivity to the broader city network whilst remaining rooted in a neighbourhood undergoing significant mixed-use transformation. This proximity to a major transport interchange makes RV Edge an attractive prospect for commuters, investors, and owner-occupiers alike.

The development's strategic positioning within the Tanjong Pagar district places it at the intersection of heritage, culture, and commerce. Residents enjoy immediate access to contemporary retail, dining, and entertainment venues that have emerged as part of Great World's revitalisation initiative, whilst maintaining proximity to the historic shophouses and character precincts that define the area's charm. The balance between modern convenience and neighbourhood authenticity appeals to a wide demographic spectrum.

Connectivity and Transport Accessibility

Great World MRT Station (TE15), situated on the Thomson-East Coast Line, represents a critical infrastructure asset for the development's long-term appeal. The station provides direct connectivity to the Marina Bay financial district, the North-East region, and Singapore Changi Airport via seamless line connections. This transport backbone underpins both daily utility for residents and the investment case for capital appreciation driven by transport-oriented development momentum.

The 10-minute walking distance from the development positions RV Edge comfortably within the conventional MRT catchment zone that typically influences property valuations and demand cycles. Properties within this radius to major interchange stations historically command sustained rental demand, particularly among relocating professionals and international assignees who prioritise convenience and public transport access. The walkability factor also supports lifestyle appeal, reducing reliance on private vehicles and aligning with evolving urban living preferences.

Unit Configuration and Space Efficiency

RV Edge offers thoughtfully proportioned units designed to maximise utility within compact floor plates. The development's range encompasses efficiently laid-out residences spanning approximately 463 square feet and upwards, reflecting contemporary design principles that prioritise functionality without sacrificing comfort. These specifications appeal particularly to first-time buyers navigating their entry into Singapore's property market, young professionals building their investment portfolios, and investors seeking to capture rental yields from the continuous flow of relocating expatriates and domestic upgraders.

The architectural approach evident across the development emphasises open-plan living, abundant natural light, and intelligent storage solutions—hallmarks of modern condominium design aimed at enhancing perceived space and resident satisfaction. Compact units, when well-executed, often deliver superior cost-per-square-metre value propositions compared to larger configurations, making them particularly attractive to value-conscious buyers and yield-focused investors.

Investment Potential and Rental Yield Outlook

Investors considering RV Edge must evaluate the development's positioning within the rental market dynamics of central Singapore. Units purchased with investment intent typically command rental rates reflective of the location's transport accessibility, surrounding amenities, and target tenant demographics. The proximity to Great World MRT Station enhances rental competitiveness, as the development appeals to professionals seeking convenient access to the CBD and expatriates valuing public transport connectivity.

Estimated rental yields for comparable compact units in the Tanjong Pagar area generally range between 3% and 4% gross annually, depending on unit configuration, floor level, and prevailing market conditions. These yields assume fairly stable occupancy rates supported by consistent inbound migration flows and the absence of significant new competing supply. Investors should factor in annual maintenance fees, property taxes, and potential vacancy periods when conducting detailed return-on-investment calculations.

Market Positioning and Pricing Context

RV Edge's pricing aligns with contemporary market valuations for well-located, efficiently designed residential units in the Tanjong Pagar precinct. Recent transactional data for comparable developments within the same district and MRT accessibility range suggests per-square-foot valuations ranging between S$1,400 and S$1,800, depending on unit type, floor level, and amenity quality. The development's pricing must be evaluated within this comparative framework to assess whether units offer compelling value relative to competing stock.

Pricing dynamics in this locality continue to be influenced by broader supply constraints affecting central Singapore, the scarcity of new releases, and sustained demand from multiple buyer cohorts. Prospective purchasers are advised to examine recent arm's-length transactions for directly comparable units to establish whether current asking prices reflect fair market value or represent a premium for design, amenity, or location-specific advantages.

Buyer Profiles and Suitability

RV Edge caters effectively to multiple distinct buyer personas. First-time purchasers benefit from entry-level pricing relative to other central-location alternatives, manageable maintenance fees associated with smaller unit sizes, and strong transport connectivity that enhances lifestyle convenience. Young professionals gravitate toward the development's urban positioning, cultural proximity, and walkable neighbourhood characteristics. Upgraders moving from suburban or transitional properties into central Singapore find RV Edge's efficient design and location appealing as a foundation for establishing themselves within higher-value market segments.

High-net-worth individuals may view RV Edge primarily through an investment lens, valuing the development's yield potential and capital appreciation outlook driven by transport-oriented growth. For this cohort, the development represents a diversification opportunity within a mixed portfolio of property assets. Each buyer profile extracts different value propositions from RV Edge's positioning, making it a versatile development within Singapore's segmented residential market.

Financing, TDSR, and ABSD Considerations

Prospective buyers must carefully assess financing headroom and debt-servicing capacity when acquiring units at RV Edge. For a typical unit valued around S$900,000 to S$1,000,000, banks typically finance up to 75% of the purchase price (or valuation, whichever is lower), requiring a minimum down payment of 25%. This translates to out-of-pocket costs of approximately S$225,000 to S$250,000 before stamp duties and professional fees.

The Total Debt Servicing Ratio (TDSR) framework, currently capping home loan obligations at 60% of gross monthly income, means that purchasing RV Edge requires a gross monthly household income of approximately S$14,000 to S$16,000 to service a S$675,000 to S$750,000 mortgage comfortably. Singapore Citizens purchasing this as a second residential property face an Additional Buyer's Stamp Duty (ABSD) of 20%, significantly increasing the effective cost of acquisition. For a S$950,000 unit, ABSD would amount to S$190,000, elevating total acquisition costs substantially. This duty structure typically prompts investors to evaluate whether rental yield and anticipated capital appreciation justify the initial outlay and extended payback periods.

Leasehold Tenure and Long-Term Resale Value

Most developments in Singapore's central districts are structured on 999-year leasehold or freehold tenure, though specific tenure for RV Edge should be confirmed through the development's official documentation. Properties on 999-year leases retain negligible lease decay impact over typical holding periods of 5 to 10 years, as the remaining tenure remains effectively infinite for practical valuation purposes. However, investors holding units for periods exceeding 20 to 30 years may eventually encounter lease decay considerations, particularly if the property passes through multiple ownership cycles.

Resale value dynamics are influenced more significantly by location fundamentals, nearby transport infrastructure, and broader district development trends than by lease decay risk at such extended tenure lengths. Buyers should prioritise assessing the development's location credentials and infrastructure outlook rather than fixating on lease tenure, given the exceptional length of the lease structure.

District Development Pipeline and Future Growth

The Tanjong Pagar district continues to attract significant urban development attention, with multiple major projects reshaping the precinct's character and appeal. Great World's mixed-use redevelopment, combined with heritage conservation initiatives and the ongoing transformation of neighbouring areas, suggests sustained investor and resident interest in the locality. Future supply of new residential stock in the immediate vicinity appears limited, supporting the value proposition for existing developments like RV Edge.

Singapore's broader property market fundamentals, including population growth, inbound migration, and infrastructure investment, continue to support residential demand in central, well-connected locations. The development's positioning relative to these macro trends suggests reasonable confidence in both rental demand stability and capital appreciation potential over medium to longer-term holding horizons.

Comparative Development Context

RV Edge competes within a market segment occupied by various developments offering 1 to 2-bedroom units in central Singapore. Direct comparables include nearby projects similarly positioned relative to major MRT stations and offering efficient, modern design. When evaluating RV Edge against competing developments, prospective buyers should examine per-square-foot pricing, unit design efficiency, amenity quality, maintenance fee structures, and developer track record. The development's specific architectural treatment, common facilities, and any unique design or sustainability features should factor into comparative analysis.

The relative scarcity of new supply in Singapore's central core means that new releases typically command attention from multiple buyer cohorts simultaneously, often supporting stable or appreciating prices. RV Edge's positioning within this constrained supply environment strengthens its investment thesis, as demonstrated by consistent demand for well-located, efficiently designed units across multiple market cycles.

Frequently Asked Questions

What is the estimated gross rental yield for RV Edge units purchased as an investment?

Comparable compact units in the Tanjong Pagar area typically achieve gross rental yields between 3% and 4% annually, reflecting the location's strong transport connectivity, proximity to the CBD, and consistent demand from expatriate tenants and young professionals. Actual yields vary based on unit configuration, floor level, and prevailing market rental rates, which fluctuate with broader economic conditions and migration patterns. Investors should conduct detailed cash-flow modelling by assessing current asking rents for similar units, factoring in 5–10% potential vacancy rates, and deducting maintenance fees, property taxes, and insurance costs to derive realistic net yields. The development's 10-minute proximity to Great World MRT Station enhances rental appeal, as tenants typically value convenient public transport access; however, yields remain dependent on maintaining occupancy and avoiding extended void periods between tenancies.

How does RV Edge's per-square-foot pricing compare to recent transactions in the Tanjong Pagar area?

Recent arm's-length transactions for compact, well-located residential units in the Tanjong Pagar precinct and similar MRT accessibility range have transacted between approximately S$1,400 and S$1,800 per square foot, depending on unit type, floor level, and amenity quality. RV Edge's pricing structure should be benchmarked against this range to assess whether current asking prices represent fair value or command a premium reflecting superior design, specific amenities, or developer reputation. Units on higher floors, with better views, or incorporating premium finishes typically trade toward the upper end of this range, whilst lower floors or standard specifications occupy the lower spectrum. Prospective buyers are strongly encouraged to review recent comparable sales data from the same district to establish an independent valuation baseline before committing to purchase.

What are the Additional Buyer's Stamp Duty (ABSD) implications for Singapore Citizens purchasing RV Edge as a second property?

Singapore Citizens purchasing RV Edge as a second residential property face an Additional Buyer's Stamp Duty (ABSD) of 20% on the purchase price. For a unit valued at S$950,000, this duty amounts to S$190,000, significantly increasing the total cost of acquisition and effectively elevating the buyer's total outlay by approximately 20% before accounting for other acquisition costs such as legal fees, surveyor charges, and agent commissions. This ABSD structure typically extends the payback period for investor purchases and necessitates more rigorous return-on-investment analysis, as buyers must ensure anticipated rental yields and capital appreciation justify the substantially higher initial capital commitment. First-time purchasers acquiring their first residential property benefit from ABSD exemption, making RV Edge a more accessible entry point for this cohort, whilst upgraders moving from an existing property must budget for the duty as a material component of their total acquisition costs.

Are there lease decay risks and resale implications if RV Edge units are held for extended periods?

The vast majority of Singapore developments are structured on either 999-year leasehold or freehold tenure, with RV Edge's specific tenure requiring verification through official project documentation. Properties on 999-year leases retain negligible lease decay impact over typical holding periods of 5 to 15 years, as the remaining tenure is effectively infinite for practical valuation purposes—particularly relative to properties with 99-year leases, which begin experiencing noticeable value compression as the remaining tenure falls below 50 years. Buyers holding units for 20+ years may eventually encounter considerations regarding future lease decay, but such timeframes extend far beyond typical investment horizons, making this a secondary concern for most purchasers. The development's central location, proximity to Great World MRT Station, and the broader strategic importance of the Tanjong Pagar precinct suggest that resale value will be driven more significantly by location fundamentals, neighbourhood development trends, and property market cycles than by lease tenure considerations at such extended lengths.

How does proximity to Great World MRT Station (TE15) affect RV Edge's demand and capital appreciation potential?

Great World MRT Station (TE15), situated on the Thomson-East Coast Line, represents a critical transport asset that fundamentally enhances RV Edge's positioning for both occupier appeal and investment returns. The station's status as a major interchange providing direct connectivity to the Marina Bay financial district, North-East Singapore, and Singapore Changi Airport via seamless line connections generates sustained demand from professionals, expatriates, and upgraders prioritising convenient public transport access. Properties within 10-minute walking distance of major MRT stations typically experience more resilient rental demand and steadier capital appreciation compared to developments relying on circuitous bus connections or longer walking distances. The transport-oriented development momentum surrounding Great World, combined with ongoing district rejuvenation and mixed-use integration, supports medium to longer-term capital appreciation expectations for RV Edge—particularly if the precinct continues its trajectory toward becoming a destination for retail, dining, entertainment, and cultural activities. Buyers should consider this transport proximity as a material contributor to both lease-hold stability and long-term wealth creation potential.

Which buyer profiles are most suited to RV Edge, and what value does each cohort extract?

First-time purchasers benefit from RV Edge's entry-level pricing relative to other central-location alternatives, manageable maintenance fees associated with smaller unit sizes, and strong transport connectivity that enhances lifestyle convenience without requiring private vehicle ownership. Young professionals and expatriates value the development's urban positioning, walkable neighbourhood characteristics, and proximity to cultural venues, retail, and F&B offerings that align with contemporary lifestyle preferences. Upgraders transitioning from suburban properties into central Singapore find RV Edge appealing as a foundation for establishing themselves within higher-value market segments, offering superior location credentials at more accessible price points than larger or more premium developments. High-net-worth investors view RV Edge primarily through a diversification and yield-generation lens, valuing the development's rental potential, capital appreciation outlook, and transport-driven demand fundamentals as components of a broader property portfolio. Each buyer profile extracts distinct value propositions from RV Edge's positioning, positioning the development as a versatile asset within Singapore's segmented residential market.

What TDSR and financing headroom should buyers expect at typical RV Edge price points?

For a typical RV Edge unit valued around S$900,000 to S$1,000,000, banks typically finance up to 75% of the purchase price, requiring a minimum down payment of 25%, translating to out-of-pocket costs of approximately S$225,000 to S$250,000 before stamp duties and professional fees. The Total Debt Servicing Ratio (TDSR) framework, currently capping home loan obligations at 60% of gross monthly income, indicates that purchasing RV Edge requires a gross monthly household income of approximately S$14,000 to S$16,000 to service a S$675,000 to S$750,000 mortgage comfortably without exceeding prudent debt-servicing thresholds. Buyers earning below this threshold either require larger down payments, access to gift funds, or consideration of co-purchasing arrangements with spouse or family members to enhance combined income and financing capacity. Professional fees, including legal representation, surveyor charges, and mortgage broker fees, typically add S$8,000 to S$12,000 to total acquisition costs, meaning total cash outlay for a S$950,000 unit could reach approximately S$320,000 to S$340,000 before ABSD, property taxes, and initial condominium maintenance fees.

How does RV Edge compare to nearby competing developments in terms of value and positioning?

RV Edge competes within a market segment occupied by various developments offering 1 to 2-bedroom units in central Singapore, with direct comparables including nearby projects similarly positioned relative to major MRT stations and offering efficient, modern design. Key differentiators include per-square-foot pricing relative to competing stock, unit design efficiency and layout quality, the specific suite of common amenities (fitness centres, pools, co-working spaces, etc.), maintenance fee structures, and developer track record for construction quality and post-completion maintenance standards. The relative scarcity of new supply in Singapore's central core means that new releases typically attract attention from multiple buyer cohorts simultaneously, often supporting stable or appreciating prices within the new-launch window. When evaluating RV Edge against competing developments, prospective buyers should request recent comparable sales data, examine maintenance fee trends across similar projects, and conduct site visits to competing properties to establish independent valuation baselines. The development's specific architectural treatment, any unique design or sustainability features, and proximity to specific amenities or cultural precincts should factor into comparative analysis.

Are there specific unit stacks or floor levels within RV Edge that deliver superior value or investment returns?

Lower to mid-level floor units (typically levels 3 to 10) generally offer the most compelling value propositions within condominium developments, as they command modest premiums relative to ground-level units (which may experience noise, privacy, or security concerns) whilst avoiding the substantial price inflation associated with penthouses, high-floor apex units, or units commanding premium views. Mid-level units typically achieve strong rental demand, as tenants appreciate convenience without paying excessive premiums for views, and such units represent the core demographic focus for most residential projects. Units on east or west-facing façades may command modest discounts relative to north or south-facing units in some markets, creating potential value opportunities for investor cohorts less focused on specific view characteristics. Corner units or those with improved natural light and cross-ventilation sometimes command subtle premiums, though these benefits must be weighed against specific unit costs to determine whether actual value is delivered. Rather than fixating on a specific floor level, investors should examine per-square-foot pricing relative to unit configuration, floor level, and building stack position to identify the most efficient value clusters within RV Edge's offering.

What is the future supply pipeline for residential developments in the Tanjong Pagar district, and how does this affect RV Edge's outlook?

The Tanjong Pagar district continues to attract significant urban development attention, with Great World's mixed-use redevelopment, heritage conservation initiatives, and ongoing transformation of neighbouring precincts reshaping the area's character and commercial appeal. However, future supply of new residential stock in the immediate vicinity appears relatively limited, particularly compared to fringe or transitional districts where developers can access larger land parcels at more affordable acquisition costs. This supply constraint supports the medium-term value proposition for RV Edge, as limited new competing inventory typically sustains or elevates prices for well-located, efficiently designed units. Singapore's broader property market fundamentals—including modest population growth, consistent inbound migration, infrastructure investment, and sustained demand from multiple buyer cohorts—continue to support residential demand in central, well-connected locations such as Tanjong Pagar. The development's positioning relative to these macro trends suggests reasonable confidence in rental demand stability and capital appreciation potential over medium to longer-term holding horizons, particularly if the precinct's development trajectory toward becoming a mixed-use destination for retail, dining, entertainment, and cultural activities continues uninterrupted.

Condominium At 2 Shanghai Road — From S$880K