Type

Units

Min Area

Price Range

1 BR

667 sqft

S$1.3M

2 BR

603 sqft

S$1.2M

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$1.2M to S$1.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$246K on this acquisition.
Located 6 min (520 m) from EW19 Queenstown MRT Station.

Price Trends & Rental Yield

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Alexis: Modern Condominium Living at Queenstown

Alexis stands as a contemporary residential development located at 356 Alexandra Road in the heart of Queenstown, one of Singapore's most mature and sought-after housing districts. Positioned within easy walking distance of EW19 Queenstown MRT Station—just 520 metres away—this development captures the essence of convenience that discerning property buyers increasingly demand. The proximity to rapid transit infrastructure ensures that residents and commuters enjoy direct access to the East-West Line, connecting them swiftly to destinations across the island, from Pasir Ris in the east to Tuas Link in the west.

The Queenstown precinct has long been recognised as a stable, well-planned neighbourhood with excellent amenities, established schools, and mature greenery. Alexis fits naturally into this landscape, offering residential units that cater to the needs of young professionals, upgraders seeking downsized living, and investors pursuing rental opportunities in a proven market. The development's location near Alexandra Road positions it within a vibrant commercial and residential corridor that has demonstrated consistent demand over multiple property cycles.

Connectivity and Neighbourhood Appeal

Accessibility remains one of the defining strengths of any property investment, and Alexis benefits from its proximity to one of Singapore's busiest and longest-serving MRT lines. The 520-metre walk to Queenstown Station means residents can reach the Central Business District in under 20 minutes during off-peak periods, making the development particularly attractive to working professionals. Beyond public transport, the surrounding area is dotted with neighbourhood shops, hawker centres, and dining establishments that reflect the character of an established residential zone.

The maturity of Queenstown as a district cannot be overstated. Unlike emerging precincts still undergoing infrastructure development, properties in this area benefit from fully-developed community facilities, healthcare services, and educational institutions. Parents considering this location will find established primary and secondary schools within reasonable proximity, whilst retirees or remote workers appreciate the peaceful residential ambiance blended with urban convenience.

Unit Design and Configuration

Alexis features a range of unit types and sizes, designed to accommodate various lifestyle preferences and budget parameters. Whether buyers are seeking compact one-bedroom layouts optimised for singles and couples, or larger configurations for families and multi-generational households, the development offers flexibility in its portfolio. Each unit has been conceived with modern construction standards and contemporary finishes that appeal to buyers who value functionality and aesthetic coherence.

The unit floor areas and bedroom configurations available across Alexis allow both owneroccupiers and investors to identify properties that match their specific requirements. For investors particularly, the variety in unit types means opportunities exist to build a diversified portfolio within a single development, hedging exposure across different tenant demographics and rental segments.

Investment and Rental Potential

Queenstown has maintained a reputation as a solid rental market, with consistent tenant demand from expatriates, young working professionals, and families seeking convenient, established residential neighbourhoods. Properties within walking distance of MRT stations typically command stronger rental premiums than those requiring longer commutes, and Alexis's position near EW19 Queenstown MRT Station positions it favourably within this rental hierarchy. The development's contemporary design and efficient layouts appeal to tenants who prioritise value-for-money and location convenience.

For buyer-investors evaluating Alexis, the calculation of potential rental yield must account for the development's location strength, tenant demand patterns in the Queenstown area, and comparable rental rates for similar unit types. Properties in this district have historically demonstrated resilience during market downturns, making them suitable for investors pursuing long-term appreciation alongside regular income streams.

Buyer Profiles and Suitability

Alexis appeals to several distinct buyer categories, each finding different value propositions within the development. First-time buyers benefit from the established neighbourhood, proven rental demand, and proximity to MRT transport, reducing their exposure to emerging-area risks. Upgraders stepping down from larger family homes discover that the contemporary design and efficient layouts eliminate the sense of compromise often associated with smaller units. High-net-worth investors appreciate the location's stability and the potential for building multi-unit portfolios within a single, professionally-managed development.

International buyers—where eligible—recognise that Queenstown offers the perfect balance between convenience and affordability compared to more central districts. Rental investors specifically find the young professional and expatriate tenant pools particularly active in this precinct, supporting consistent occupancy and predictable income profiles.

Market Position and Comparative Value

Properties within the Queenstown district occupy a distinctive position in Singapore's residential hierarchy: they command the premium associated with mature, well-connected neighbourhoods without the stratospheric price points attached to more central locations such as Orchard or Marina Bay. This pricing sweet spot has historically attracted steady buyer interest and resilient capital growth. Alexis benefits from this market dynamic, offering contemporary housing at price points that reflect both the development's quality and the district's established reputation.

When evaluating Alexis against competing developments in nearby precincts, the MRT connectivity, neighbourhood maturity, and unit design standards provide clear differentiation. Buyers and agents frequently note that properties within a five-minute walk of an MRT station command measurable premiums over those requiring longer commutes, a factor that should weigh positively in any comparative valuation exercise.

Long-Term Ownership Considerations

Property ownership at Alexis, as with all residential real estate in Singapore, involves consideration of lease tenure, depreciation patterns, and regulatory frameworks that may impact future resale prospects. Understanding the development's lease structure and any implications for long-term value retention forms a critical component of the due diligence process for any prospective buyer. Additionally, prospective purchasers should familiarise themselves with the broader regulatory environment affecting residential property ownership, including any stamp duties or restrictions applicable to their particular circumstances.

The Queenstown precinct's historical pattern of steady capital appreciation, underpinned by the district's maturity and continued infrastructure investment, suggests that Alexis sits within a market segment likely to benefit from sustained demand over long holding periods. Buyers planning multi-decade ownership typically find such established districts more suitable than emerging neighbourhoods with unproven demand trajectories.

Getting Started with Alexis

Prospective buyers seeking to explore the current offerings at Alexis should engage directly with the development's marketing channels to review available unit types, floor plans, and pricing. Understanding the full range of options available across the development allows buyers to make informed decisions aligned with their financial capacity, lifestyle preferences, and investment objectives. Professional legal and financial advice remains essential, particularly for investors seeking to optimise their portfolio structure and tax positioning.

Frequently Asked Questions

What is the estimated rental yield for properties at Alexis if purchased as an investment?

Rental yield for Alexis depends on the specific unit type, floor level, and current market rental rates for comparable properties in Queenstown. The development's proximity to EW19 Queenstown MRT Station typically supports stronger rental demand from expatriates and working professionals, with typical gross yields for one and two-bedroom units in this district ranging between 3% and 4.5% annually, depending on purchase price and achieved monthly rent. Investors should conduct independent market research on current advertised rents for comparable units in the immediate vicinity to establish a realistic yield projection. The established nature of Queenstown as a rental neighbourhood provides confidence that demand will remain consistent across multiple economic cycles, supporting stable income performance over the long term.

How does Alexis pricing compare to recent price-per-square-foot transactions in Queenstown?

Price-per-square-foot metrics for Queenstown properties fluctuate based on factors including proximity to MRT, building age, unit condition, and floor level, with recent transactions typically ranging between S$1,200 and S$1,600 psf depending on these variables. Properties within a five-minute walk of an MRT station command measurable premiums over those requiring longer commutes, and Alexis's 520-metre proximity to EW19 Queenstown MRT Station positions it competitively within this premium tier. Prospective buyers should cross-reference current listings and recent sales of comparable units in the immediate Queenstown area to establish whether Alexis's pricing aligns with local market trends. The development's contemporary design and full range of facilities typically justify positioning at or near the higher end of the Queenstown price-per-square-foot spectrum for comparable unit sizes and configurations.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase Alexis as a second residential property?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at the current rate of 20% on top of standard Buyer's Stamp Duty. This means a second-property purchase at Alexis priced at S$1.25 million would incur ABSD of S$250,000, plus the standard Buyer's Stamp Duty of approximately S$19,500, bringing total stamp duty costs to around S$269,500—a material factor in the overall acquisition cost calculation. This 20% ABSD is applicable whether the second property will be owner-occupied or held for investment purposes, and buyers must account for this cost when evaluating total capital required and expected return-on-investment scenarios. Some buyers explore strategies such as holding properties in corporate structures or timing acquisitions strategically around life events; professional tax and legal advice is essential to understand all available options and implications within the context of your personal circumstances.

Does Alexis have leasehold tenure, and what is the lease-decay risk for long-term resale value?

The lease tenure structure for Alexis is critical information that must be verified directly with the developer or sales team, as lease length significantly impacts long-term resale prospects and bank lending decisions. Singapore residential properties typically feature either 99-year, 999-year, or freehold tenures, with 99-year leaseholds showing measurable depreciation as they age—particularly once the remaining lease falls below 80 years, at which point financial institutions become reluctant to lend. Buyers planning to hold Alexis for multiple decades should carefully evaluate the lease structure and consider how the remaining tenure will impact resale value and attractiveness to future buyer pools. For 99-year leasehold properties, engaging a professional valuer to model lease-decay scenarios across your intended holding period provides essential perspective on whether long-term capital appreciation will outpace depreciation from lease decay.

How does proximity to EW19 Queenstown MRT Station affect demand and capital appreciation for Alexis?

MRT proximity is one of the most consistent drivers of property demand and capital appreciation in Singapore's residential market, and Alexis's 520-metre walk to EW19 Queenstown Station positions it as a high-accessibility asset. Properties within a five-minute walk of an MRT station command measurable premiums—typically 10% to 20% above comparable units requiring longer commutes—and this premium has proven resilient across multiple market cycles. The East-West Line's role as a primary corridor serving both the business district and suburban areas ensures sustained demand from tenants and owner-occupiers alike, supporting consistent capital appreciation over long holding periods. Future MRT expansion plans, such as the upcoming Jurong Region Line (expected to intersect with areas near Queenstown), may further enhance the development's long-term value proposition by creating additional connectivity options and driving neighbourhood amenity improvements.

Which buyer profiles—HNW, upgrader, first-timer, investor—are best suited to Alexis?

Alexis appeals to multiple distinct buyer categories, each finding specific value propositions within the development. First-time buyers benefit from the neighbourhood's maturity, established tenant demand, and lower entry price points compared to more central districts, reducing their exposure to emerging-area risks and supporting confidence in resale prospects. Property upgraders stepping down from larger family homes discover that contemporary design and efficient layouts eliminate the compromise typically associated with smaller units, whilst maintaining the neighbourhood convenience and access to schools and amenities. Investor-focused buyers—particularly those building diversified portfolios—recognise Queenstown's consistent rental demand from expatriates and young professionals, with the development's MRT proximity supporting above-average rental yields. High-net-worth individuals seeking to diversify across multiple districts appreciate Alexis as a stable, liquid asset within an established neighbourhood, often acquiring multiple units to create holding structures aligned with their broader wealth-management objectives.

What are the TDSR and financing implications at typical Alexis price points?

Total Debt Service Ratio (TDSR) regulations limit the quantum of housing credit a borrower can obtain to 60% of gross monthly income, a critical constraint for buyers evaluating mortgage capacity at Alexis's price points. A property priced around S$1.25 million with a 10% deposit typically requires a mortgage of approximately S$1.125 million; at current interest rates (3.5% to 4%), this translates to monthly servicing costs of roughly S$5,600 to S$6,100, requiring gross monthly income of approximately S$9,300 to S$10,200 to remain within TDSR limits. Buyers should engage a mortgage broker or bank early in their acquisition process to understand their specific financing headroom, as TDSR calculations are complex and incorporate all existing debt obligations. First-time buyers and those with existing mortgage commitments should factor in reduced borrowing capacity when calculating affordability, whilst investors may find additional lenders specialising in investment-property mortgages, which sometimes offer more flexible terms than owner-occupied lending.

How does Alexis compare to nearby competing developments in the Queenstown area?

Queenstown's competitive landscape includes several residential developments ranging from established older stock to newer launches, and Alexis's positioning depends on factors including build quality, amenity offerings, lease tenure, and price-per-square-foot relative to these alternatives. Competing developments within the immediate vicinity—typically within a 10-minute walk of EW19 Queenstown MRT Station—may feature different unit configurations, age profiles, and management track records, all of which influence buyer preferences and resale prospects. Prospective buyers should conduct a detailed comparative analysis of at least three to five competing developments at similar price points, evaluating dimensions such as maintenance fees, available unit sizes, views, floor levels, and proximity to secondary MRT stations or amenities. Professional property agents specialising in the Queenstown district can provide market-comparative data, though independent verification through recent transaction records and advertised listings ensures objective assessment of Alexis's competitive positioning.

Which unit stack or floor level typically offers the best value at Alexis?

Unit value at Alexis varies based on floor level, orientation, views, and stack position within the development, with lower and mid-level units typically commanding lower per-unit prices than higher floors, though buyers should weigh price savings against potential lifestyle and resale implications. Higher-floor units generally attract premiums for views, natural light, and perceived prestige, but the quantum of this premium varies based on surrounding built environment, sunset orientation, and whether views encompass green space versus neighbouring buildings. Mid-level units (typically floors 10 to 20 in developments of this scale) often represent optimal value for investor-buyers, as they attract solid tenant demand without commanding the significant premiums attached to top-tier units, whilst offering better natural light and views than lower floors. First-time buyers and upgraders should consider their personal preferences regarding views, noise exposure, and day-to-day livability alongside investment metrics; a unit that feels like home may ultimately prove a superior investment than one chosen purely on per-unit cost basis.

What is the future supply pipeline for residential developments in Queenstown, and how might this affect Alexis's long-term value?

Queenstown has been designated as an established residential district rather than a major development frontier, meaning future supply growth is likely to be incremental rather than transformative, which supports longer-term stability for properties such as Alexis. Urban Redevelopment Authority planning documents indicate that Queenstown's residential profile is unlikely to undergo significant densification, contrasting with emerging precincts in the south and east experiencing substantial new launches. However, buyers should monitor public announcements regarding any residential intensification projects, as large-scale new supply in adjacent precincts (such as along the Jurong Region Line corridor) might modestly increase competitive pressure over the long term. The established, mature character of Queenstown, combined with constrained future supply, typically supports steady capital appreciation over multi-decade holding periods, making properties such as Alexis attractive for investors and owner-occupiers planning long-term tenure.

Alexis — From S$1.2M