Type

Units

Min Area

Price Range

1 BR

441 sqft

S$755K

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$755K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$151K on this acquisition.
Located 13 min (1.08 km) from NS19 Toa Payoh MRT Station.

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The Verve: A Contemporary Residential Development on Jalan Rajah Road, Toa Payoh

The Verve stands as a modern residential offering in one of Singapore's most established and sought-after neighbourhoods. Located on Jalan Rajah Road in Toa Payoh, this development captures the essence of urban convenience whilst maintaining proximity to the quieter residential charm that characterises the district. With units priced from S$755,000, The Verve positions itself as an accessible entry point into the Toa Payoh residential market, appealing to a diverse spectrum of buyers ranging from first-time homeowners to seasoned property investors.

Situated a mere 13 minutes' walk—approximately 1.08 kilometres—from NS19 Toa Payoh MRT Station on the North-South Line, The Verve benefits from one of Singapore's most established and frequent transport arteries. This proximity to the North-South Line ensures seamless connectivity to the Central Business District, allowing residents to reach Marina Bay, Raffles Place, and beyond within 20 to 25 minutes during peak hours. The reliability and frequency of the North-South Line, combined with the station's integration into Singapore's wider bus network, make The Verve particularly appealing for commuters who prioritise time-efficient travel to workplaces across the island.

Neighbourhood Character and Amenities

Toa Payoh has matured into one of Singapore's most vibrant mixed-use districts, characterised by a thriving retail, dining, and entertainment precinct centred around Toa Payoh Central and the surrounding shophouses. The neighbourhood boasts a well-established community infrastructure that includes schools, medical centres, and recreational facilities. Residents of The Verve enjoy immediate access to hawker centres offering diverse cuisines, supermarkets, banking services, and a variety of dining establishments ranging from casual kopitiam settings to contemporary café concepts. The district's commercial vibrancy translates into strong tenant demand, making properties here attractive to investors seeking reliable rental yields.

The Toa Payoh area has consistently demonstrated resilience in both capital appreciation and rental performance over the past decade. The neighbourhood's appeal stems from its balance of mature infrastructure, central location, and established community fabric. This maturity is particularly valuable for property investors, as it indicates low risk of neighbourhood decline and suggests sustained demand from both owner-occupiers and tenants seeking convenient, well-serviced urban living.

Unit Design and Space Efficiency

Units at The Verve are designed with contemporary living in mind, offering efficient layouts that maximise functionality within their footprint. Compact sizing—with units approximately 441 square feet—reflects current market trends favouring sustainability and affordability without compromising essential living spaces. Such sizing appeals particularly to first-time buyers, young professionals, and investors seeking to optimise capital deployment. The efficient unit design ensures that despite the modest floor area, each residence provides discrete sleeping quarters, bathing facilities, and open-plan living and kitchen zones that accommodate modern lifestyle requirements.

The scale of these units positions them ideally for the downsizer market—professionals seeking to transition from larger family homes into more manageable, maintenance-light residences—as well as the upgrader segment moving up from Housing Development Board (HDB) flats. Investors view such unit sizes favourably due to their broad appeal to the rental market, encompassing young working professionals, students, and expatriates on short-term assignments who typically seek compact, well-located properties.

Investment Potential and Rental Demand

The Toa Payoh district represents a compelling investment narrative for property buyers exploring capital growth and income generation. The area's rental market is underpinned by consistent demand from young professionals working in the city, expatriates employed on Singapore postings, and students attending nearby educational institutions. Properties in Toa Payoh have historically commanded rental rates that deliver solid yields, particularly when leveraging the district's transport connectivity and neighbourhood amenities. The proximity to NS19 Toa Payoh MRT Station substantially enhances rental appeal, as prospective tenants prioritise walking distance to rapid transit infrastructure.

For investors considering The Verve as part of a diversified property portfolio, the development's pricing point facilitates lower quantum acquisitions, enabling strategic capital allocation across multiple developments or markets. However, investors purchasing a second residential property as Singapore Citizens would be subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, which should be incorporated into total acquisition cost calculations and investment return modelling.

Market Position and Buyer Suitability

The Verve appeals to multiple buyer segments, each finding distinct value in the development's location, pricing, and format. First-time homebuyers appreciate the entry-level pricing and efficient use of space, coupled with the security of purchasing within an established neighbourhood supported by mature infrastructure. Young professionals benefit from the proximity to the North-South Line, reducing commute friction to employment hubs throughout the island. Upgraders transitioning from HDB properties discover a natural stepping stone into private condominium living, maintaining accessibility whilst gaining the amenities and prestige associated with private residential developments.

Investors recognise The Verve as offering balanced risk and return potential, with the Toa Payoh location providing steady capital appreciation fundamentals grounded in the neighbourhood's maturity and connectivity. The development's pricing structure facilitates portfolio diversification without requiring extensive capital concentration. Property investors should evaluate the development's specific tenure and lease structure when conducting investment analysis, as these factors materially influence long-term holding strategies and expected appreciation timelines.

Financing and Affordability Considerations

At the entry-level pricing observed in developments such as The Verve, most buyer profiles will find the quantum manageable within typical financing frameworks. Total Debt Servicing Ratio (TDSR) considerations generally remain favourable for buyers with established incomes, as the property's price point permits substantial debt financing ratios without constraining household budgeting. Prospective purchasers should engage with financial advisors to confirm their specific financing capacity, particularly if acquiring as a second property, given the ABSD implications noted above.

The development's price point also positions it attractively relative to the private residential market cycle, offering value to buyers seeking to enter or expand their property holdings without extending into substantially higher quantum segments where market sensitivity to interest rate movements becomes more pronounced.

District Supply Pipeline and Long-Term Value

Toa Payoh's future development prospects remain relatively constrained compared to growth areas such as Jurong or Punggol, as the district has largely completed its residential build-out over preceding decades. This supply constraint supports long-term value preservation and capital appreciation potential, as demand pressure from population growth and wealth accumulation encounters limited new supply. The rarity of substantial residential projects in the core Toa Payoh area enhances the relative positioning of established developments, potentially supporting resale values and rental demand as new entrants to the market choose between scarce Toa Payoh opportunities and newer estates requiring longer commutes to the city centre.

The Verve thus occupies a position of structural advantage within Singapore's residential property landscape, benefiting from established neighbourhood credentials, constrained future supply, and reliable transport connectivity that underpins sustained demand from diverse buyer and tenant profiles.

Frequently Asked Questions

What rental yield can investors realistically expect from purchasing a unit at The Verve as an investment property?

Rental yields for compact residential properties in Toa Payoh typically range between 3% and 4.5% gross, depending on unit configuration, floor level, and current market rental rates. The Verve's pricing point and efficient unit layout position it favourably for the rental market segment, as demand remains strong from young professionals and expatriates seeking conveniently located, modestly sized properties near transport infrastructure. Investors should factor in the development's specific occupancy history, tenant profile, and any property management costs when calculating net yield projections. The proximity to NS19 Toa Payoh MRT Station enhances rental appeal substantially, as prospective tenants specifically seek walking-distance access to rapid transit, supporting consistent tenant acquisition and reducing void periods.

How does The Verve's pricing compare to recent per-square-foot transactions recorded elsewhere in Toa Payoh?

Recent transaction data for comparable properties in Toa Payoh reflects per-square-foot pricing ranging approximately between S$1,700 and S$2,100, depending on property age, condition, tenure, and specific locational advantages within the district. The Verve's entry-level pricing from S$755,000 on compact unit sizes positions it competitively within this range, offering value relative to nearby freehold and leasehold alternatives. Purchasers should conduct targeted analysis of comparable properties sold within the immediate Jalan Rajah vicinity in preceding months to validate positioning, as micro-locational variations—such as specific MRT walking distances, proximity to commercial hubs, or exposure to nearby amenities—can materially influence per-square-foot pricing. Engaging a property consultant with granular knowledge of recent Toa Payoh transactions will clarify whether The Verve's pricing reflects value or represents premium positioning relative to comparable units elsewhere in the district.

What are the Additional Buyer's Stamp Duty implications for a second-property purchase at The Verve?

Singapore Citizens purchasing a second residential property, including units at The Verve, are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% applied to the purchase price. This means that on a property priced at S$755,000, the ABSD liability would amount to approximately S$151,000, substantially increasing the total acquisition cost alongside the standard Buyer's Stamp Duty, legal fees, and renovation/fitting outlays. For investors specifically, this 20% ABSD represents a material cost that must be incorporated into investment return modelling and break-even analysis, effectively requiring higher rental yields or capital appreciation to justify the acquisition relative to alternative investments. Buyers should consult their legal advisors and tax consultants regarding ABSD implications and any potential exemptions or deferral mechanisms available under specific circumstances, as individual circumstances may influence planning strategies.

What is the lease tenure at The Verve, and how does lease decay impact long-term resale value?

The specific lease tenure of The Verve requires confirmation through official sources or the developer's documentation, as lease length materially influences long-term value preservation and resale prospects. Properties with shorter remaining leases typically experience accelerated value decline as the lease approaches its final decades, as financial institutions restrict lending on properties with less than 30 years of tenure remaining. If The Verve is structured on a leasehold basis, prospective buyers should model how lease decay will influence property value at various holding periods, particularly if planning to sell beyond 20 to 30 years. Properties on longer leases or freehold tenures generally experience more stable long-term appreciation profiles, whereas leasehold properties with shorter tenures may require renewal negotiations or experience reduced resale demand as the lease shortens. Consulting with property valuers experienced in the Toa Payoh market regarding anticipated lease decay impacts is advisable before committing to acquisition.

How does proximity to NS19 Toa Payoh MRT Station influence capital appreciation and rental demand at The Verve?

The 13-minute walking distance to NS19 Toa Payoh MRT Station represents a substantial competitive advantage for The Verve, as transport connectivity directly correlates with both capital appreciation trajectories and tenant acquisition velocity. Properties within walking distance of established MRT stations typically experience stronger appreciation relative to developments requiring longer commute times or alternative transport modes, as occupiers consistently prioritise rapid transit accessibility in Singapore's property market. For rental demand specifically, the MRT proximity allows the property to appeal to time-sensitive tenant segments including young professionals, students, and expatriates on short-term postings, who actively seek minimal commute friction. The North-South Line's extensive reach to the Central Business District and other employment hubs amplifies this appeal, supporting rental rate stability and tenant retention. Over extended holding periods, properties with established MRT accessibility typically demonstrate more resilient capital value than equivalently positioned properties requiring longer walks or bus connections, making The Verve's location a material value driver.

Which buyer profiles are best suited to purchasing a unit at The Verve, and why?

The Verve appeals strategically to first-time homebuyers seeking entry-level pricing in an established neighbourhood with mature infrastructure and reliable transport connectivity, as the development avoids the premium quantum commanded by newer developments in growth districts. Young professionals benefit substantially from the property's proximity to the North-South Line, reducing commute time friction whilst offering a stepping stone toward wealth accumulation through property ownership. Upgraders transitioning from Housing Development Board (HDB) flats into private residential living discover The Verve as a natural progression, maintaining affordability relative to larger or newer private developments whilst providing access to condominium-standard amenities and prestige. Investors recognise the development's positioning as favourably balancing entry-level pricing, established neighbourhood fundamentals, strong tenant demand from the Toa Payoh rental market, and capital appreciation potential grounded in constrained future supply within the district. Downsizers moving from larger family properties into more manageable, maintenance-efficient residences also find appeal in the compact layout and urban convenience factor. Each profile finds distinct value proposition within The Verve's positioning.

What TDSR and financing headroom can typical buyers expect at The Verve's current price points?

At The Verve's entry-level pricing from S$755,000, buyers with established household incomes will typically find substantial financing flexibility under Singapore's Total Debt Servicing Ratio (TDSR) framework, which generally permits servicing ratios up to 60% of gross monthly income for residential property acquisitions. A purchaser financing 80% of the purchase price—approximately S$604,000—on a 25-year tenure would face monthly mortgage servicing of approximately S$3,200 to S$3,500 depending on prevailing interest rates, requiring household gross monthly income of approximately S$5,300 to S$5,800 to maintain comfortable TDSR positioning. Most dual-income households in Singapore's professional and semi-professional segments will clear this threshold with substantial headroom, enabling either stronger loan servicing capacity or reduced loan-to-value ratios for more conservative financing profiles. However, second-property purchasers subject to ABSD must model the 20% ABSD cost into total acquisition budgeting, potentially reducing available equity or requiring larger down-payments. Prospective buyers should engage with mortgage brokers or their financial institutions to confirm specific financing capacity, as individual circumstances including existing debt obligations, employment stability, and income composition materially influence borrowing capacity.

How does The Verve compare to nearby competing developments in terms of location, pricing, and value proposition?

The Toa Payoh residential market features several competing developments spanning different price segments and vintage periods, with newer projects typically commanding premium positioning relative to established properties like The Verve. Developments closer to Toa Payoh MRT Station may command per-square-foot premiums of 5% to 10% above The Verve's positioning, whilst properties located further within the Toa Payoh district or requiring longer MRT walking times may price at discounts. Competing developments in adjacent districts such as Novena or Bishan offer alternative positioning, with Novena properties commanding premium pricing due to their proximity to Novena MRT Station and the upper-end commercial cluster, whilst Bishan properties may offer slightly lower pricing within comparable quantum segments. The Verve's competitive advantage centres on pricing accessibility, establishment within a mature neighbourhood, reliable transport connectivity, and strong rental market fundamentals. Purchasers evaluating The Verve relative to nearby alternatives should conduct granular comparison of per-square-foot pricing, MRT walking distances, local amenity density, rental demand indicators, and lease tenure to validate relative value positioning within their target acquisition quantum.

Are specific unit stacks, floor levels, or orientations at The Verve likely to offer better value or appreciation potential?

Unit positioning within The Verve influences both acquisition price and long-term value appreciation, though the magnitude of these effects varies by buyer profile and intended use. Lower floor units typically command price discounts of 5% to 10% relative to mid-to-upper floors, reflecting buyer preferences for higher elevation, reduced noise exposure from surrounding traffic, and enhanced privacy perception. However, lower floor units often appeal more strongly to investors targeting the rental market, particularly if the property serves ground-floor commercial or retail purposes, as certain tenant segments may prefer accessibility and avoid elevator dependency. Mid-to-upper floor units (typically levels 6 through 20 depending on total building height) command consistent pricing premiums and appreciate more rapidly, as owner-occupiers and upgraders prioritise these positions for lifestyle and investment return considerations. For investors specifically, lower floors may offer superior rental yield despite lower capital appreciation, as the rental premium commanded by mid-to-upper floors often fails to offset their higher acquisition costs. Consultation with property consultants experienced in The Verve's specific building layout and floor distribution will clarify positioning of individual units against the development's overall pricing curve.

What is the likely future supply pipeline for residential developments in Toa Payoh, and how does this affect The Verve's long-term value?

Toa Payoh has largely completed its residential development trajectory over the preceding two decades, with limited land banks remaining available for substantial new residential projects. This supply constraint represents a material structural advantage for established developments like The Verve, as new entrants to the Toa Payoh residential market will face limited alternative options and may accept premium pricing relative to comparable properties in growth districts with abundant new supply. The Government's broader spatial planning strategy has concentrated new residential development in peripheral growth areas such as Jurong, Tengah, Punggol, and future expansion zones, effectively limiting new competition within the core Toa Payoh district. This supply limitation supports long-term capital appreciation potential for established properties positioned favourably within the district, as demand pressure from population growth and wealth accumulation encounters structural constraints. For investors specifically, the constrained future supply landscape enhances The Verve's long-term hold value proposition, as the property's scarcity relative to new alternatives becomes increasingly pronounced over extended holding periods. Properties in mature, fully-developed districts typically demonstrate greater long-term value stability and appreciation relative to developments in growth zones, where new supply frequently exercises downward pricing pressure on existing stock.

[For Sale] The Verve — From S$755K