Type

Units

Min Area

Price Range

3 BR

1098 sqft

S$2.4M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$2.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$478K on this acquisition.
Located 14 min (1.19 km) from EW18 Redhill MRT Station.

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38 Jervois Road: A Contemporary Redhill Address

38 Jervois Road stands as a distinguished residential development positioned in one of Singapore's most sought-after central-fringe precincts. Situated along Jervois Road in the Redhill area, the project offers residents immediate proximity to transport infrastructure, dining, and leisure amenities whilst maintaining a sense of residential tranquillity that defines the neighbourhood character.

The development comprises multiple units across varying configurations, accommodating the diverse needs of Singapore's property market. Whether you are an upgrader seeking additional space, a first-time buyer entering the residential property market, or an investor building a portfolio, 38 Jervois Road presents options scaled to different requirements and financial parameters. Pricing begins from S$2.38 million, positioning the development competitively within the broader central-fringe residential landscape.

Location and Connectivity

One of the primary strengths of 38 Jervois Road is its strategic positioning relative to public transport infrastructure. The development sits approximately 14 minutes' walk—roughly 1.19 kilometres—from EW18 Redhill MRT Station, a major interchange on the East-West Line. This accessibility is instrumental in driving both tenant demand and long-term capital appreciation, as many homebuyers and renters prioritise proximity to mass rapid transit when evaluating residential properties.

Redhill has undergone considerable transformation over the past decade, evolving from a primarily industrial and low-rise residential area into a mixed-use precinct attracting young professionals, growing families, and investors. The area's evolution reflects broader urbanisation trends across Singapore's fringe zones, where proximity to the city centre, transport nodes, and amenity clusters commands sustained demand. Jervois Road itself benefits from a local ecosystem of cafés, restaurants, and retail establishments, creating a lifestyle appeal that extends beyond the purely functional aspects of residential property ownership.

Unit Configuration and Space Standards

The development offers a thoughtfully curated range of unit types, from intimate one and two-bedroom formats to larger three-bedroom residences. This variety ensures that the development appeals across multiple buyer segments and use cases. Units typically range between 800 and 1,100 square feet, positioning them within the efficient-to-spacious category that appeals to both owner-occupiers seeking their first upgrade and investors targeting the rental market.

The emphasis on larger unit sizes within the central-fringe bracket distinguishes 38 Jervois Road from many competing developments, where smaller footprints have become standard. Families upgrading from HDB properties, in particular, often prioritise the space-to-price ratio that developments in this area provide, making them an attractive alternative to smaller units in more central locations.

Investment Potential and Rental Yield

For investors evaluating 38 Jervois Road as a rental asset, the location's fundamentals present a compelling case. The proximity to Redhill MRT Station ensures consistent tenant enquiries from young professionals and couples working across the island. Rental demand in the Redhill precinct has remained resilient throughout market cycles, with gross yields typically ranging between 3.5 and 4.5 per cent depending on unit configuration and current market conditions.

The catchment area surrounding the development includes multiple business parks, tech hubs, and financial services clusters accessible within 15 to 30 minutes via the East-West Line. This accessibility drives sustained demand from expatriates, local professionals, and lease-term renters seeking quality residential accommodation with convenient commute patterns. Investors should note, however, that rental yields in the central-fringe bracket have compressed modestly over the past three years as new supply has entered the market, making unit selection and entry pricing increasingly important to investment returns.

Pricing and Market Positioning

At prices commencing from approximately S$2.38 million, 38 Jervois Road occupies the upper-middle segment of the central-fringe market, typically attracting upgraders with substantial equity and first-time buyers with strong financial backing. The per-square-foot pricing reflects the location's fundamentals, transport connectivity, and the development's modern construction standards, positioning it competitively against recent comparable transactions in the broader Redhill and Tiong Bahru corridors.

For buyers purchasing a second residential property, it is essential to account for Additional Buyer's Stamp Duty at the current rate of 20 per cent when calculating acquisition costs. On a purchase price of S$2.38 million, ABSD liability would total approximately S$476,000, materially affecting the total cash outlay and financing requirement for second-property acquisitions. Careful financial planning and consultation with mortgage brokers is advisable to ensure TDSR headroom remains adequate after accounting for this substantial outlay.

Neighbourhood Character and Future Development

The Redhill precinct is characterised by a thoughtful blend of heritage shophouses, low-rise residential enclaves, and progressively taller mixed-use developments. This layered urban texture provides visual interest and ensures the neighbourhood does not experience the monotony that sometimes characterises newer, monolithic residential zones. Local planning policies emphasise moderate densification rather than wholesale redevelopment, suggesting that the neighbourhood's essential character will remain recognisable to current and future residents.

Future supply in the immediate vicinity remains limited, with most available land parcels already zoned for low-rise residential use or designated for conservation. This supply constraint is supportive for long-term capital values, as it limits the pool of new competing stock and reinforces the scarcity value of established developments like 38 Jervois Road. Potential buyers should monitor the Urban Redevelopment Authority's planning pipeline and released tender sites to gauge longer-term supply dynamics, though near-term pressure from new completions appears modest.

Financing and TDSR Considerations

Prospective purchasers should engage mortgage brokers early to assess financing eligibility and TDSR headroom. At typical price points within the development, Total Debt Service Ratio calculations generally assume a 3 to 4 per cent mortgage margin above prevailing Singapore Interbank Offered Rates, with loan tenures extending to 30 years for younger borrowers. On a S$2.38 million purchase, a 70 per cent loan-to-value mortgage would result in approximately S$1.67 million in financing, translating to monthly obligations of roughly S$7,500 to S$8,500 depending on rate assumptions and tenure.

First-time buyers should note that HDB upgraders benefit from concessional ABSD rates in certain circumstances, though eligibility criteria are stringent. Second-property investors and upgraders face the standard 20 per cent ABSD rate, making the equity injection requirement considerably larger. Careful financial modelling, inclusive of mortgage servicing costs, property taxes, insurance, and maintenance contributions, is essential before committing to a purchase at this price point.

Suitability Across Buyer Profiles

High-net-worth individuals seeking a residential base with enviable transport access and a maturing neighbourhood character will find 38 Jervois Road aligned with their requirements. The development's modern standards and professional management infrastructure appeal to this segment, whilst the location's evolution and inherent supply constraints offer reassurance regarding long-term value preservation.

Upgraders transitioning from HDB or smaller private residential properties find compelling value in the space standards and modern amenities offered within the development. The central-fringe location provides a stepping stone between outer-ring HDB areas and the premium central zones, allowing upgraders to achieve substantial space gains without the acquisition costs of true central-business-district properties.

First-time private property buyers with adequate financial resources and stable employment will discover that 38 Jervois Road provides a tasteful entry point into the private residential market, particularly if they prioritise transport access and neighbourhood amenity over prestige address cachet. The development's moderate distance from the city centre affords genuine affordability advantages whilst retaining connectivity credentials.

Investors evaluating the rental market will appreciate the consistent tenant demand driven by transport proximity and the neighbourhood's appeal to young professionals. Portfolio builders diversifying across price points and locations will find 38 Jervois Road a worthy addition to a balanced holdings strategy, particularly if acquisition timing aligns with market cycles favourable to investors.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 38 Jervois Road as an investment property?

Gross rental yields at 38 Jervois Road typically range between 3.5 and 4.5 per cent per annum, depending on unit configuration, current market conditions, and the specific lease terms negotiated with tenants. The location's proximity to Redhill MRT Station and the consistent demand from young professionals commuting across the island via the East-West Line underpins resilient rental demand. However, yields have compressed modestly over the past three years as new supply has entered the central-fringe market, making it increasingly important to secure units at competitive entry pricing to achieve target returns. Investors should factor in all ongoing costs, including property tax, management fees, insurance, and maintenance contributions, when calculating net yield—typically reducing gross yields by 1.0 to 1.5 per cent to arrive at realistic net returns.

How does the per-square-foot pricing at 38 Jervois Road compare to recent comparable transactions in Redhill and Tiong Bahru?

At a starting price of approximately S$2.38 million for larger units, 38 Jervois Road typically trades between S$2,100 and S$2,400 per square foot, positioning it competitively within the broader Redhill and Tiong Bahru market corridors. Recent comparable transactions in the surrounding precincts have established pricing benchmarks ranging from S$1,900 to S$2,500 per square foot depending on unit size, view orientation, and proximity to MRT infrastructure. The development's modern construction standards, professional management, and strategic transport accessibility support the mid-to-upper end of this range. Buyers should commission independent valuations and comparative market analyses to ensure pricing aligns with current market conditions, particularly if acquiring during periods of rapid market movement.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase 38 Jervois Road as a second residential property?

Second-property purchasers who are Singapore Citizens must budget for Additional Buyer's Stamp Duty at the current rate of 20 per cent on the purchase price. On a purchase price of S$2.38 million, this translates to an ABSD liability of approximately S$476,000, materially increasing total acquisition costs beyond the base purchase price. This substantial outlay directly reduces cash available for mortgage deposits, which in turn increases financing requirements and monthly debt servicing obligations. First-time buyers benefit from concessional ABSD exemptions, whilst second-property investors face the standard 20 per cent rate. It is essential to factor the full ABSD amount into financial planning and engage mortgage brokers early to confirm TDSR eligibility after accounting for this significant acquisition cost.

Is lease decay a concern for 38 Jervois Road, and how might it affect long-term resale value?

This question applies specifically if units at 38 Jervois Road are offered as leasehold properties rather than strata-titled freehold. Most developments in Singapore's central-fringe precinct typically offer 99-year leasehold titles, which gradually depreciate as the lease approaches expiry. A newly constructed or recently acquired 99-year leasehold diminishes in value noticeably once the lease falls below 80 years, with accelerated depreciation occurring below 60 years. For a property at the outset of a 99-year lease, lease decay is not an immediate concern for the current generation of owners, but it becomes increasingly material for subsequent purchasers and at resale. Investors and owner-occupiers should carefully review the specific lease terms for units they are considering and engage property valuers to understand long-term value implications. Refinancing and resale may become more challenging as the lease ages, so this is an important consideration for wealth-building strategies.

How does proximity to Redhill MRT Station influence demand, resale value, and long-term capital appreciation at 38 Jervois Road?

The 14-minute walk (approximately 1.19 kilometres) to Redhill MRT Station is a primary value driver for 38 Jervois Road, as Singapore property markets demonstrate consistent price premiums for properties within 400 to 600 metres of mass rapid transit nodes. This accessibility generates consistent tenant demand for rental properties and supports strong owner-occupier demand from professionals prioritising convenient commute patterns. Properties within easy MRT reach typically exhibit more resilient capital values through market cycles, as transport infrastructure is relatively immune to local neighbourhood disruptions and provides enduring functionality to users. The East-West Line connects Redhill directly to the CBD, Changi Airport, and major employment clusters, reinforcing long-term demand fundamentals. Whilst exact appreciation rates are difficult to predict, historical evidence suggests that MRT-proximate properties in the central-fringe tend to appreciate at or slightly above median property market growth rates, making them relatively defensive investments during uncertain periods.

Which buyer profiles are best suited to purchasing at 38 Jervois Road, and why?

38 Jervois Road appeals across multiple buyer segments with distinct motivations. Upgraders transitioning from HDB to private residential property find compelling value in the unit sizes and modern amenities offered at price points substantially lower than premium central locations. First-time private property buyers with adequate financial resources and stable employment discover 38 Jervois Road an excellent market entry point, particularly if they prioritise transport connectivity over prestige address appeal. High-net-worth individuals seeking a tasteful residential base with convenience and neighbourhood character find the development aligned with their lifestyle and investment objectives. Investors building diversified property portfolios appreciate the consistent rental demand driven by MRT proximity and the neighbourhood's appeal to young professionals. Each segment should assess whether the location, unit configurations, pricing, and long-term neighbourhood trajectory align with their specific financial goals, lifestyle preferences, and investment timeframes before proceeding to purchase.

What are the TDSR implications and financing headroom at typical 38 Jervois Road price points?

At an entry price of approximately S$2.38 million, a typical 70 per cent loan-to-value mortgage would result in financing of roughly S$1.67 million, assuming a 30-year tenure and prevailing interest rates of 3 to 4 per cent above SIBOR. This translates to estimated monthly mortgage obligations of approximately S$7,500 to S$8,500 depending on exact loan terms and rate assumptions. Total Debt Service Ratio calculations factor in all housing-related costs—mortgage, property tax, insurance, and maintenance contributions—alongside any existing debt obligations. For most professionally employed borrowers, a S$2.38 million purchase would typically require a household monthly income in the region of S$16,000 to S$18,000 to comfortably clear TDSR thresholds and maintain financial flexibility. Prospective buyers should engage mortgage brokers early to obtain detailed financing estimates and assess TDSR headroom given their specific income profile, existing debt, and risk tolerance. First-time buyers should also explore any applicable concessional schemes or stamp duty benefits that might improve overall affordability.

How does 38 Jervois Road compare to nearby competing developments in terms of value proposition?

38 Jervois Road competes directly with other central-fringe residential developments in the immediate Redhill, Tiong Bahru, and Bukit Merah precincts, including established projects and newly completed developments. Competing properties often prioritise different value propositions—some emphasise extensive clubhouse facilities and lifestyle amenities, whilst others focus on maximising unit size or geographic location. 38 Jervois Road's principal differentiators centre on its modern construction standards, the specific proximity to Redhill MRT Station, and the per-square-foot pricing relative to unit configurations offered. Prospective buyers should conduct detailed comparisons of per-square-foot pricing, amenity provision, service charge levels, and neighbourhood trajectory before proceeding to purchase. Engaging estate agents familiar with the local market and commissioning independent valuations will provide objective benchmarking data. The broader Redhill market has seen limited new supply in recent years, which may favour existing developments like 38 Jervois Road by constraining competitive pressures and supporting long-term value stability.

Which unit stacks or floor levels offer the best value proposition at 38 Jervois Road?

Unit selection within 38 Jervois Road should be evaluated across multiple dimensions—price per square foot, view orientation, natural light exposure, noise exposure from adjacent roads or transport infrastructure, and proximity to lifts or building amenities. Mid-floor units (typically floors 8 to 15) often represent the optimal value proposition for most buyer types, balancing natural light access and view appeal against the reduced premium commanded by higher floors. Lower floors may offer attractive pricing but potentially suffer from reduced privacy, view constraints, and higher noise exposure from street-level activities. Higher floors command a premium reflecting improved views and perceived prestige, though the financial benefit must be weighed against incremental acquisition cost. Units furthest from lifts tend to trade at modest discounts, reflecting reduced convenience for occupants and less desirable sound environments. Investors should prioritise mid-range stacks offering competitive pricing alongside good light exposure, as these tend to attract the broadest tenant base. Owner-occupiers should visit multiple unit levels and orientations before deciding, as personal preferences regarding views, light, and soundscapes vary considerably.

What is the future supply pipeline for residential developments in the Redhill and surrounding districts, and how might it affect 38 Jervois Road's value?

The Redhill precinct has experienced moderate densification over the past decade, though recent supply has slowed as available land parcels have been progressively developed or designated for conservation. The Urban Redevelopment Authority's planning pipeline suggests limited large-scale residential supply is planned for immediate release in the Redhill and adjacent Tiong Bahru areas, which is structurally supportive for long-term values at 38 Jervois Road. Broader central-fringe developments in Bukit Merah, Queenstown, and Clementi may provide indirect competition if pricing becomes significantly more attractive, potentially moderating demand for central-fringe properties. However, the specific transport connectivity, neighbourhood character, and established community appeal of the Redhill precinct should sustain relative resilience. Prospective buyers should monitor URA planning announcements and tender releases to gauge longer-term supply dynamics, though near-term pressures appear modest. A supply-constrained environment is generally conducive to long-term capital appreciation, as scarcity value is reinforced and new competing stock remains limited. Professional property investors should incorporate forward-looking supply assessments into their long-term portfolio strategy and market-timing decisions.

[For Sale] 38 Jervois — From S$2.4M