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Condo

Condominium At 323 Bukit Timah Road — From S$2.4M

323 Bukit Timah Road

2 units listed 2 for sale
6 people are looking at this property right now
Condo

Condominium At 323 Bukit Timah Road — From S$2.4M

Condominium At 323 Bukit Timah Road
2 Units To Buy
For Sale
Type Units Min Area Price Range
2 BR 2 753 sqft S$2.4M – S$2.6M
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Property Highlights
  • Condo development with 2 units currently available.
  • Prices currently range from S$2.4M to S$2.6M.
  • For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$480K on this acquisition.
  • Located 13 min (1.07 km) from TE11 Stevens MRT Station.
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Perfect Ten: A Contemporary Residence in Singapore's Distinguished Bukit Timah Precinct

Perfect Ten stands as a modern residential development positioned along Bukit Timah Road, one of Singapore's most sought-after addresses. The development captures the essence of contemporary urban living whilst maintaining proximity to the established amenities and transport infrastructure that define this mature neighbourhood. Located at 323 Bukit Timah Road, the project offers discerning buyers and investors an opportunity to secure a foothold in a district renowned for stability, greenery, and community character.

The address benefits from exceptional transport connectivity, situating residents within convenient reach of Stevens MRT Station on the Thomson-East Coast Line (TE11), accessible by a brief walk of approximately 1.07 kilometres. This proximity to mass rapid transit infrastructure is a significant advantage for daily commuters, substantially reducing travel times across the island to business districts, educational institutions, and entertainment precincts. The nearby Newton MRT Station further enhances accessibility, providing additional options for residents navigating Singapore's comprehensive public transport network. Such strategic positioning inherently supports long-term capital appreciation, as developments with reliable MRT access consistently demonstrate stronger demand resilience and rental potential.

Design and Amenities Tailored for Contemporary Households

The development incorporates well-conceived amenities designed to enhance the quality of life for its residents. A resort-style swimming pool provides respite during Singapore's tropical climate, whilst a dedicated jacuzzi facility offers spaces for relaxation and wellness pursuits. The main entrance creates a welcoming threshold, establishing a strong sense of arrival and contributing to the overall aesthetic of the development. These communal facilities are thoughtfully integrated to foster a cohesive living environment where residents can enjoy leisure activities without necessity of leaving the premises.

Individual units within the project feature contemporary design elements that reflect modern residential expectations. Advanced audio systems are integrated throughout, catering to residents who value entertainment and superior sound quality. Efficient air conditioning ensures comfort throughout Singapore's warm and humid climate, with systems calibrated to balance environmental consciousness and practical living conditions. The combination of project-level amenities and unit-specific features creates a holistic living proposition that appeals to a broad spectrum of prospective purchasers.

Strategic Location Within an Established Residential Precinct

Bukit Timah represents one of Singapore's most mature and desirable residential neighbourhoods, characterised by tree-lined streets, established schools, and a strong sense of community identity. Perfect Ten's location positions residents within arm's reach of several quality educational institutions, including ACS (Barker Road), which lies approximately 0.5 kilometres from the development. This proximity to reputable schools is a decisive factor for upgrading families and expatriate households seeking to establish their children in respected academic environments without lengthy commutes.

The neighbourhood's retail and dining landscape further enhances residential appeal. Balmoral Plaza, situated within 0.8 kilometres, serves as a neighbourhood shopping destination offering diverse retail and food and beverage options. For everyday grocery requirements, Cold Storage and CS Fresh outlets are conveniently positioned within 0.5 to 0.6 kilometres, ensuring that essential provisions are readily accessible. This combination of convenience retail, supermarket access, and leisure shopping creates a self-contained community where residents can address daily needs without significant travel.

Investment Characteristics and Market Positioning

From an investment perspective, Perfect Ten's positioning within the Bukit Timah corridor presents distinct advantages for buyers considering residential real estate as a wealth-building instrument. The development's proximity to established public transport infrastructure, combined with its location in a mature neighbourhood with limited new supply, supports a compelling investment thesis. Bukit Timah has historically demonstrated resilience in property cycles, with consistent demand underpinned by limited land availability, strong school catchments, and the district's reputation as a preferred residential address amongst affluent families and professionals.

The quantum of units across various configurations allows investors and owner-occupiers to select properties that align with their specific financial objectives and usage intentions. Units ranging from approximately 753 square feet upwards offer flexibility in matching purchase budgets to desired living space and anticipated future appreciation. The development's modern construction standards and contemporary amenity suite position it competitively within the current market, offering value-conscious purchasers an opportunity to acquire property in an established district without the premium typically commanded by heritage or ultra-luxury developments.

Considerations for Prospective Purchasers

Buyers evaluating Perfect Ten should consider their personal circumstances and financial capacity in relation to the development's positioning and price points. First-time homebuyers seeking entry into the residential property market will find the development's modern specification and established neighbourhood appealing, particularly given the strength of public transport connectivity and community amenities. Upgrading families relocating from smaller properties or other districts will appreciate the spacious configurations and proximity to quality schools, enabling them to consolidate their residential requirements within a single address.

High-net-worth individuals and investors may view Perfect Ten as a tactical acquisition within a broader portfolio of properties, leveraging Bukit Timah's established reputation and limited future supply growth. The development's distance from central business districts is offset by its positioning as a premium residential enclave, where the majority of owners prioritise lifestyle considerations and community environment over proximity to commercial hubs. Such purchasers often value properties that appreciate steadily whilst maintaining strong rental demand, characteristics typically associated with established Bukit Timah addresses.

Prospective buyers should also factor in Additional Buyer's Stamp Duty implications if acquiring this property as a second residential holding. Singapore citizens purchasing a second residential property incur ABSD at the current rate of 20%, calculated on the purchase price, alongside the standard buyer's stamp duty. This represents a significant financial consideration that should be incorporated into overall acquisition costings and investment return calculations, particularly for purchasers with existing residential property holdings elsewhere on the island.

Neighbourhood Evolution and Future Prospects

The Bukit Timah district's future trajectory remains stable, supported by government commitments to preserving the area's residential character and green spaces. The neighbourhood's positioning as a premium residential precinct with constrained development potential suggests that supply-side limitations will continue supporting property values, particularly for well-located developments with contemporary specifications and amenity provision. As Singapore's population matures and demand for established, leafy neighbourhoods intensifies, districts such as Bukit Timah are likely to command sustained premiums relative to newer, more peripheral locations.

The planning framework surrounding Bukit Timah reflects a deliberate policy decision to maintain the area's low-rise, tree-lined character, which implicitly supports existing property values and creates barriers to oversupply. Prospective purchasers and investors can take comfort in the knowledge that Bukit Timah's residential environment is actively protected through planning regulations and conservation policies, reducing the risk of neighbourhood degradation or disruptive redevelopment that might negatively impact property values.

Perfect Ten represents a contemporary residential solution positioned within one of Singapore's most established and desirable neighbourhoods. The development's modern specifications, comprehensive amenity offerings, and strategic location near public transport infrastructure combine to create an attractive proposition for a diverse range of purchasers, from first-time homebuyers seeking a stable neighbourhood to investors pursuing residential real estate opportunities in constrained supply markets. Prospective buyers are encouraged to conduct thorough due diligence, consider their personal circumstances in relation to the property's characteristics and pricing, and engage professional advice regarding financing, tax implications, and long-term investment strategy.

Frequently Asked Questions

What rental yield can investors expect from purchasing a unit at Perfect Ten as an investment property?

Rental yields for residential properties in the Bukit Timah district typically range between 2.5% and 3.5% gross annual yield, depending on unit configuration, floor level, and market conditions at the time of acquisition. Perfect Ten's proximity to Stevens MRT Station and established neighbourhood amenities position it favourably for tenant attraction, as renters actively seek properties with convenient public transport access and proximity to schools and shopping facilities. However, actual rental yields depend on the purchase price paid at acquisition; buyers acquiring units at current market rates should model their expected returns based on comparable rental evidence in the Bukit Timah precinct, accounting for property management costs, maintenance contributions, and periods of vacancy. The development's contemporary specifications and modern amenity suite further support rental appeal, particularly amongst expatriate households and upgrading families seeking furnished or semi-furnished residential solutions in established neighbourhoods.

How does Perfect Ten's pricing per square foot compare to recent transactions in the Bukit Timah area?

Bukit Timah's price per square foot has historically ranged between S$1,400 and S$2,000 depending on property age, condition, and proximity to transport infrastructure, with older landed properties typically commanding lower per-square-foot multiples than newer residential developments. Perfect Ten, as a contemporary condominium development, positions itself within the upper range of this spectrum, reflecting its modern construction standards, contemporary amenity provision, and recent completion status. Prospective purchasers should compare Perfect Ten's per-square-foot pricing against comparable recent transactions in the district, particularly focusing on other modern condominium developments completed within the last five years rather than heritage or older resale properties, as these offer the most relevant comparison points. The development's established neighbourhood positioning and MRT accessibility typically support pricing premiums relative to more peripheral locations, though this must be balanced against any price premiums commanded by ultra-luxury or heritage developments in other precincts.

What is the Additional Buyer's Stamp Duty impact for Singapore citizens purchasing Perfect Ten as a second residential property?

Singapore citizens acquiring a second residential property, including units at Perfect Ten, are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, calculated on the purchase price in addition to the standard buyer's stamp duty of 3-4%. For a property acquired at S$2,400,000, this represents an additional ABSD liability of approximately S$480,000, which significantly increases the total acquisition cost and must be carefully factored into investment return calculations and financing arrangements. This ABSD obligation applies regardless of whether the second property is intended for owner-occupation or investment purposes, and it affects the overall capital requirement and potential return on investment for second-property purchasers. Buyers in this situation should consult professional tax and financial advisors to understand the full implications of ABSD on their specific circumstances and to model the impact on both cash-flow requirements and long-term investment returns.

Is Perfect Ten freehold or leasehold, and what implications does tenure have for long-term value retention?

The tenure structure of Perfect Ten is a critical consideration for all prospective purchasers, as it directly impacts long-term capital retention and resale marketability. Should the development hold leasehold tenure (which requires verification through official property records), buyers must understand that property values typically decline as lease terms approach the 60-year mark, with accelerating depreciation as the lease shortens further. Leasehold properties in Singapore are subject to inherent lease decay risk, whereby buyers may find it increasingly difficult to finance or sell properties as remaining lease terms diminish below 70 years, unless undertaking expensive lease extension processes with the developer or government authorities. The specific tenure of Perfect Ten should be verified through the Singapore Land Authority and professional legal counsel before purchase, as this fundamentally affects the property's suitability as a long-term investment or inter-generational asset. All prospective purchasers, particularly those acquiring with intention to hold beyond 10-15 years, should carefully assess the development's tenure structure and the implications for their long-term financial planning.

How does proximity to Stevens MRT Station affect demand, resale value, and capital appreciation for Perfect Ten units?

Properties within 1.2 kilometres of MRT stations in established neighbourhoods command consistent rental demand premiums and exhibit stronger capital appreciation over medium to long-term holding periods, as transport accessibility is a primary driver of residential property value in Singapore's property market. Stevens MRT Station on the Thomson-East Coast Line provides direct connectivity to major employment and leisure precincts across the island, making Perfect Ten inherently attractive to working professionals, expatriate households, and upgrading families who prioritise transport convenience. The station's strategic positioning on the Thomson-East Coast Line, which connects central areas and major employment nodes, further enhances the development's appeal for commuters and supports sustained rental demand from tenants seeking convenient access to workplaces and educational institutions. Buyers can expect that Perfect Ten's proximity to MRT infrastructure will continue supporting demand resilience and capital appreciation as Singapore's workforce increasingly prioritises properties with efficient public transport access, particularly in established residential neighbourhoods such as Bukit Timah where land constraints naturally limit new supply and competition.

Which buyer profiles is Perfect Ten most suitable for, and why?

Perfect Ten appeals to several distinct buyer profiles, each deriving specific benefits from its positioning and characteristics. First-time homebuyers benefit from the development's modern specifications, established neighbourhood amenities, and accessible financing options, making it an attractive entry point into the residential property market without the premium pricing associated with ultra-luxury developments. Upgrading families relocating from smaller properties or other districts appreciate the spacious unit configurations, proximity to quality schools such as ACS (Barker Road), and comprehensive neighbourhood amenities including shopping and dining facilities, enabling them to consolidate multiple requirements within a single address. Owner-occupiers seeking to build equity in an established precinct value Bukit Timah's proven reputation, stable property values, and strong community environment, where the neighbourhood's character and green spaces contribute to lifestyle quality beyond mere financial returns. Investors and high-net-worth individuals view Perfect Ten as a tactical residential property acquisition within an established market with limited new supply, offering steady capital appreciation and rental income without exposure to speculative areas or emerging estates subject to larger cyclical fluctuations. Each profile must assess how Perfect Ten's specific characteristics, pricing, and neighbourhood positioning align with their personal circumstances and long-term objectives.

What are typical Total Debt Service Ratio considerations and financing headroom for purchasers acquiring Perfect Ten?

The Total Debt Service Ratio (TDSR) is a critical affordability metric applied by Singapore banks, limiting total monthly debt obligations (including the new mortgage, existing loans, credit cards, and other liabilities) to 60% of gross monthly income for salaried individuals and 30% for self-employed persons. For a property acquisition in Perfect Ten's price range, prospective purchasers should model their financing requirements carefully, recognising that properties in the S$2.4 million approximate range typically require substantial down payments (commonly 25-35%) and generate monthly mortgage obligations in the region of S$8,000-S$12,000 depending on loan tenure and interest rates. Buyers must ensure that their total monthly debt obligations, including the new mortgage, remain within TDSR limits, requiring gross monthly incomes of approximately S$16,000-S$24,000 depending on existing debt levels, to comfortably service this debt level whilst maintaining adequate financial flexibility for living expenses and contingencies. First-time buyers and upgraders should engage mortgage brokers or bank lending specialists early in their purchase process to confirm their financing capacity and available headroom, as TDSR constraints may affect their ability to acquire properties at the upper end of their budgetary intentions or to carry existing debt obligations concurrently.

How does Perfect Ten compare to competing condominium developments in the Bukit Timah precinct?

The Bukit Timah residential market includes several established developments ranging from heritage properties and older rental blocks to more contemporary condominium developments completed in recent years, each occupying distinct positioning within the neighbourhood hierarchy. Competing modern developments typically offer comparable amenity provision (swimming pools, gymnasiums, function spaces) and similar unit configurations, though differentiation often emerges through location specificity within the precinct, floor levels and orientation, and development-specific architectural features or premium finishes. Perfect Ten's positioning at 323 Bukit Timah Road situates it centrally within the neighbourhood corridor, providing balanced access to Stevens and Newton MRT Stations and equitable proximity to retail and education amenities, which may offer advantages over developments positioned at the edges of the precinct with less convenient transport or amenity access. Prospective buyers should conduct detailed comparisons across competing developments, examining factors such as unit type availability, per-square-foot pricing, amenity quality and utilisation, management reputation, and resident demographics, as these variables significantly influence both capital appreciation potential and ongoing satisfaction with the purchase decision. Engaging professional real estate advisors to analyse comparable sales evidence and rental transactions across competing developments provides essential context for evaluating Perfect Ten's value proposition.

Which unit stacks or floor levels typically offer the best value and appreciation potential at Perfect Ten?

Property value within multi-storey residential developments typically exhibits subtle but meaningful variation based on floor level, unit orientation, and positioning within the building stack, with certain configurations demonstrating stronger resale appeal and capital appreciation prospects. Mid-range floor levels (typically floors 8-12 of a development) frequently offer optimal value, as they balance the premium pricing commanded by higher floors with avoidance of the traffic noise and lower residential desirability associated with lower floors, whilst avoiding the reduced perceived value sometimes associated with very high floors in tropical residential markets where heat exposure and air-conditioning costs intensify. Units with northern and eastern orientations often attract premium pricing in tropical markets such as Singapore, as they maximise natural light and ventilation whilst minimising solar heat gain during afternoon hours, resulting in lower air-conditioning costs and increased comfort throughout the year. Corner units and units with unobstructed views typically command premiums, though these benefits must be weighed against any noise exposure or wind effects that might offset the premium valuation. Prospective buyers should conduct comparative analysis of sold and listed units across Perfect Ten and competing developments, examining which floor levels and orientations have achieved strongest recent transaction prices on a per-square-foot basis, as this evidence provides objective guidance for identifying optimal value deployment within the development.

What future supply dynamics and district development pipeline should purchasers monitor in the Bukit Timah area?

Bukit Timah's long-term supply trajectory is heavily constrained by planning policies designed to preserve the neighbourhood's low-rise, residential character, with limited Government Land Sales or potential redevelopment sites available within the immediate precinct, naturally restricting new condominium development and supporting sustained demand for existing properties. The district's positioning within the established residential zone, combined with predominantly land-banked properties held by long-term owner-occupiers rather than developers, means that meaningful new supply additions are unlikely to substantially alter the neighbourhood's property value dynamics or rental market conditions in the near to medium term. However, prospective purchasers should monitor any Government Land Sales announcements or Town Planning decisions affecting the broader Bukit Timah and Newton precinct, as developments in adjacent areas (such as Thomson or Novena) may marginally affect buyer preferences or rental dynamics, though the strength of Bukit Timah's established reputation typically insulates it from direct competition with newly launched estates. Long-term value retention within Perfect Ten is supported by these structural supply constraints, though buyers should remain informed about district-wide planning considerations and adjacent development activities to ensure their investment theses remain valid as neighbourhood conditions evolve and market dynamics shift over their intended holding periods.