Type

Units

Min Area

Price Range

3 BR

818 sqft

S$1.9M – S$2.4M

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$1.9M to S$2.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$370K on this acquisition.
Located 14 min (1.19 km) from EW18 Redhill MRT Station.

Price Trends & Rental Yield

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38 Jervois Road: Contemporary Living in Singapore's Most Coveted District

Situated on the distinguished Jervois Road in Singapore's District 5, 38 Jervois represents a refined residential offering in one of the island's most sought-after neighbourhoods. This development captures the essence of modern luxury living whilst maintaining proximity to essential transport links and vibrant community hubs that define this prestigious enclave.

The location on Jervois Road places residents within a 14-minute journey of Redhill MRT Station, ensuring seamless connectivity across the island's transport network. This accessibility proves invaluable for professionals commuting to the Central Business District or other major employment nodes. The surrounding area encompasses established dining precincts, boutique retail spaces, and heritage conservation zones that reflect Singapore's distinctive blend of old-world charm and contemporary sophistication.

Design and Configuration

Units at 38 Jervois feature thoughtfully designed layouts that maximise natural light and spatial efficiency. The development offers configurations including spacious three-bedroom residences with four bathrooms, accommodating the needs of growing families and those seeking generous entertaining spaces. Floor areas ranging approximately 1,100 square feet provide ample room for bespoke interior styling and functional living arrangements.

The architectural approach emphasises clean lines and quality material selections, reflecting contemporary design principles whilst respecting the character of the surrounding conservation district. Ceiling heights and window placements prioritise ventilation and natural illumination, reducing reliance on artificial climate control and enhancing overall living comfort throughout the year.

Strategic Positioning and District Context

The Jervois Road corridor has evolved into one of Singapore's most desirable residential addresses, attracting established families, expatriate professionals, and property investors seeking stable long-term appreciation. The district's mature infrastructure, excellent schools, and established community networks create a compelling proposition for upgraders and high-net-worth individuals alike. Proximity to the Tiong Bahru and Bukit Merah precincts further enriches the lifestyle proposition, offering access to independent cafés, cultural venues, and recreational facilities.

District 5 consistently records strong capital appreciation over medium to long-term holding periods, driven by restricted land availability and sustained demand from discerning purchasers. The neighbourhood's planning guidelines maintain strict building heights and density controls, effectively preserving the residential character whilst supporting property values through supply constraints.

Investment Considerations

For investors evaluating 38 Jervois as an acquisition opportunity, the development's positioning within an established neighbourhood with robust rental demand presents meaningful yield potential. The proximity to Redhill MRT and established expatriate communities creates a consistent tenant base seeking quality residential accommodation with contemporary standards. Typical rental yields in the District 5 conservation areas range competitively within Singapore's property market, particularly for larger units suited to family-oriented tenancies.

The development's finishes and maintenance standards support premium positioning within the rental market, enabling superior per-square-foot rental rates compared to older stock in adjacent precincts. Access to quality childcare facilities, international schools, and expatriate-friendly amenities makes units here attractive to relocating families and long-term tenants seeking stability and convenience.

Financing and Acquisition Planning

Prospective purchasers should conduct thorough financial planning prior to acquisition, particularly regarding mortgage serviceability and ancillary costs. The purchase price point and unit configurations available warrant careful assessment of Total Debt Servicing Ratio (TDSR) implications, ensuring adequate financing headroom beyond minimum lending criteria. Second-property purchasers should factor Additional Buyer's Stamp Duty at 20% into overall acquisition costs, significantly impacting total investment outlay and requiring precise financial modelling.

First-time buyers will benefit from Enhanced CPF Housing Grant entitlements and standard stamp duty rates, whilst upgraders should carefully evaluate the tax implications of simultaneous disposal and acquisition strategies. Professional financial and tax advice during the planning phase proves invaluable in optimising the overall acquisition structure.

Comparative Market Positioning

Recent comparable transactions within the Jervois Road and Tiong Bahru conservation zones indicate price per square foot ranging between established benchmarks for District 5 stock. 38 Jervois positions competitively within this spectrum, reflecting the quality of finishes, structural condition, and amenity offerings. Nearby developments and resale stock provide meaningful reference points for valuation analysis and market positioning assessment.

The scarcity of new launches within the conservation district means that 38 Jervois offers purchasing options that may not replicate across competing developments. This uniqueness, combined with the addressing and prominent location, supports the development's appeal to buyers seeking investment-grade residential property with established neighbourhood credentials.

Long-Term Capital Appreciation Outlook

Historical performance of District 5 properties demonstrates resilience through economic cycles, with consistently positive long-term capital appreciation trajectories. The combination of supply constraints, steady demand from multiple buyer segments, and strategic positioning between established neighbourhoods positions 38 Jervois favourably for future value growth. Prudent investors recognising the district's fundamental supply-demand imbalance identify this development as aligned with proven appreciation patterns evident throughout the conservation precinct.

Frequently Asked Questions

What rental yield can investors expect from purchasing a unit at 38 Jervois as an investment property?

Rental yields at 38 Jervois vary depending on unit configuration, floor level, and orientation, but typically range between 2.5% and 3.5% annually for quality residential properties in the District 5 conservation zone. The development's positioning near Redhill MRT and established expatriate communities ensures consistent tenant demand, particularly from families seeking quality accommodation with modern finishes and proximity to international schools. Units of three bedrooms or larger command premium rental rates in this locality, with experienced property managers achieving occupancy rates exceeding 95% through strategic marketing to corporate relocations and family-oriented tenancies. Investors should model their specific acquisition cost, anticipated rental rates, and management expenses to determine personalised yield projections before committing capital.

How does the price per square foot at 38 Jervois compare to recent transactions in Tiong Bahru and nearby conservation areas?

Recent comparable transactions in the Tiong Bahru and Jervois Road precinct indicate price-per-square-foot benchmarks ranging between established district norms for well-maintained residential property. 38 Jervois positions competitively within this spectrum, reflecting the quality of contemporary finishes, structural condition, and the development's strategic positioning. Transactions in adjacent conservation areas demonstrate that properties with superior maintenance standards, modern amenities, and proven rental demand command price premiums relative to older stock requiring renovation or updating. Buyers should engage qualified valuation professionals to assess specific unit characteristics—such as floor level, unit stack, and interior exposure—against comparable sales data to confirm appropriate pricing for their intended use.

What are the Additional Buyer's Stamp Duty implications for a Singapore Citizen purchasing 38 Jervois as a second residential property?

Singapore Citizens acquiring a second residential property incur Additional Buyer's Stamp Duty (ABSD) at 20% on the purchase price, significantly increasing total acquisition costs beyond the base price displayed for units at 38 Jervois. For a property valued at S$2.39 million, this represents approximately S$478,000 in additional stamp duty payable upon completion, requiring careful financial planning and budgeting. First-time buyers remain exempt from ABSD, making this consideration irrelevant only for inaugural property acquisitions. Second-property purchasers must factor this 20% ABSD charge into their total acquisition cost analysis, financing requirements, and return-on-investment calculations, particularly when evaluating the development as an investment vehicle or upgrading from a previous residential purchase.

Should leasehold tenure and potential lease decay be considerations when evaluating 38 Jervois for long-term ownership?

The specific tenure structure of units at 38 Jervois—whether held as 99-year leasehold, 999-year leasehold, or freehold—materially affects long-term resale value and financing accessibility. Properties with shorter leasehold durations may experience accelerated value depreciation in later decades as the lease approaches expiry, with many financial institutions reducing loan-to-value ratios significantly below 75% for leases below 30 years remaining. For purchasers with long-term holding horizons exceeding 20 years, the tenure classification warrants careful consideration, particularly if eventual sale or refinancing becomes necessary. Buyers should request explicit tenure documentation and conduct independent valuation assessments that account for potential lease decay impact on future marketability and capital appreciation prospects.

How does proximity to Redhill MRT Station influence demand, rental appeal, and capital appreciation at 38 Jervois?

Located approximately 1.2 kilometres from Redhill MRT Station (EW18), 38 Jervois benefits from excellent connectivity that enhances both owner-occupier desirability and investment appeal. The 14-minute proximity to MRT transport infrastructure significantly reduces commute times to the Central Business District and other major employment nodes, making the development attractive to working professionals and corporate relocations seeking convenient transport links. Properties within this MRT accessibility range consistently demonstrate superior rental demand and capital appreciation compared to locations requiring longer commute journeys, with tenants valuing time savings and transport cost reductions. The established nature of the surrounding precinct, combined with reliable MRT connectivity, positions 38 Jervois advantageously within the broader district market, supporting sustained demand from multiple buyer segments and underpinning long-term value appreciation.

Is 38 Jervois suitable for first-time buyers, upgraders, high-net-worth individuals, or property investors?

38 Jervois appeals to multiple buyer profiles, each deriving distinct benefits from the development's positioning and characteristics. First-time buyers benefit from Enhanced CPF Housing Grant eligibility and preferential stamp duty rates, making the development an accessible entry point into District 5 ownership, though the price point requires substantial financial capacity. Upgraders seeking to transition from existing property will appreciate the contemporary finishes, spacious configurations, and established neighbourhood character that justify premium positioning within their portfolio. High-net-worth individuals recognise the development as aligned with luxury residential standards and investment-grade property criteria, offering aesthetic appeal, discretionary amenities, and stable long-term appreciation fundamentals. Property investors identify compelling rental yield opportunities given consistent tenant demand from expatriate families, corporate relocations, and established demand for quality accommodation near Redhill MRT. Each buyer segment should conduct tailored financial analysis reflecting their specific acquisition objectives, financing constraints, and long-term investment horizons.

What are the Total Debt Servicing Ratio (TDSR) implications for typical purchasers financing units at 38 Jervois?

Purchasers financing units at 38 Jervois through mortgages must satisfy TDSR regulations limiting total debt servicing to 60% of gross monthly income, a constraint that becomes meaningful at higher price points. For a unit priced approximately S$2.39 million with standard 80% loan-to-value financing, monthly mortgage obligations at prevailing interest rates would require gross monthly household income exceeding approximately S$25,000-28,000 depending on existing debt obligations and precise interest rate assumptions. First-time buyers may access HDB loan options capped at 35% of income, providing superior financing terms compared to bank mortgages, though eligibility criteria apply. Prospective purchasers should obtain mortgage in-principle approval from preferred financial institutions before formalising purchase intentions, confirming adequate financing headroom and understanding precisely how property acquisition impacts their broader debt servicing obligations. Professional mortgage advisory services can model multiple financing scenarios accounting for interest rate movements and existing financial commitments.

How does 38 Jervois compare to competing residential developments in the Tiong Bahru and Redhill areas?

The Tiong Bahru and Redhill precincts contain several residential developments offering comparable positioning and price points, including established conservation-area conversions and newer launches targeting similar buyer demographics. 38 Jervois differentiates through contemporary finishes, proven maintenance standards, and strategic Jervois Road positioning that commands established neighbourhood credentials. Competing developments may offer alternative amenity configurations, different floor-level distributions, or varying unit size specifications, requiring detailed comparison of price-per-square-foot, layout efficiency, and building-specific facilities. The scarcity of new launches within conservation districts means 38 Jervois occupies a relatively unique market position, with limited direct comparables in terms of recent construction and contemporary design standards. Prospective buyers should conduct comparative site visits and engage qualified agents to assess relative positioning across available options, ensuring informed decision-making aligned with personal preferences and investment objectives.

Which unit stacks, floor levels, or orientations at 38 Jervois offer optimal value propositions for purchasers?

Unit value propositions at 38 Jervois vary materially based on floor level, stack position, and cardinal orientation, with mid-floor units typically commanding price premiums relative to ground and topmost levels due to optimal light exposure, privacy, and structural stability perceptions. Units positioned on higher floors generally achieve superior capital appreciation and rental premium rates, though correspondingly higher purchase prices must justify the premium through measurable amenity benefits and long-term value retention. Corner units and those with superior natural light exposure from multiple orientations appeal to discerning purchasers willing to pay premium pricing for enhanced living comfort and aesthetic appeal. Ground-floor and lower-level units may offer more accessible parking arrangements and reduced stairwell exposure, appealing to mobility-conscious purchasers despite potentially lower premium rental rates. Buyers should inspect representative unit stacks before committing capital, assessing specific light, noise, and amenity characteristics against their personal preferences and investment time horizons to identify optimal value propositions within the available inventory.

What future supply pipeline developments might affect the long-term capital appreciation of properties at 38 Jervois?

The conservation-designation status of the Jervois Road and Tiong Bahru precincts severely restricts future residential supply within the immediate locality, with planning authorities maintaining strict height restrictions and heritage preservation requirements that effectively cap new development activity. Unlike suburban new towns receiving significant new housing completions, District 5 conservation areas benefit from intentional supply constraints that support long-term property value appreciation through sustained supply-demand imbalances. Future developments within the broader Redhill and Tiong Bahru corridor will likely comprise selective conservation-area conversions or boutique residential projects rather than high-volume new launches, preserving the neighbourhood's established character whilst ensuring steady demand for quality existing stock. Regional supply pipeline activity in outer growth areas and new towns may marginally divert demand from mature central precincts, though the premium-positioning and lifestyle appeal of District 5 consistently sustains demand relative to alternative locations. Purchasers seeking capital appreciation benefits should recognise the fundamental supply scarcity supporting this development's long-term value retention and appreciate that competing new launches will remain limited throughout the conservation precinct.

Condominium At 38 Jervois Road — From S$1.9M