Type

Units

Min Area

Price Range

1 BR

452 sqft

S$750K

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$750K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$150K on this acquisition.
Located 7 min (610 m) from EW9 Aljunied MRT Station.

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Rezi 24: Modern Condominium Living in Geylang's Prime Location

Rezi 24 stands as a contemporary residential development positioned within one of Singapore's most established and vibrant neighbourhoods. Situated at 39 Lorong 24 Geylang, this condominium project captures the essence of accessible urban living, blending modern design with proximity to essential transport and lifestyle amenities. The development appeals to a broad spectrum of buyers—from first-time homeowners seeking an affordable entry point into property ownership, to seasoned investors recognising the rental potential of a district with consistently strong tenant interest.

The development's most compelling advantage is its strategic proximity to Aljunied MRT Station (EW9), located just 610 metres away, approximately a seven-minute walk. This exceptionally short distance to a major East-West Line station fundamentally shapes the appeal and investment characteristics of Rezi 24. Commuters benefit from direct access to Singapore's primary east-west corridor, facilitating seamless travel to the CBD, Marina Bay, and beyond. For investors, this accessibility translates into heightened tenant demand, as working professionals consistently prioritise proximity to MRT stations when selecting rental accommodation. The station's position on the East-West Line—one of Singapore's busiest and most established transport routes—ensures sustained connectivity appeal across economic cycles.

Location and Neighbourhood Context

Geylang has evolved into a mixed-use district combining residential accommodation, commercial establishments, and hospitality venues. The neighbourhood maintains strong retail and F&B activity, with numerous local eateries, shops, and services clustered throughout the area. This vibrancy supports both day-to-day convenience for residents and ongoing foot traffic that sustains local businesses, contributing to the district's enduring appeal. The combination of residential stability and commercial dynamism creates an environment where property values are supported by practical necessity rather than speculative cycles alone.

The district's character also reflects its accessibility via public transport. Beyond Aljunied MRT, residents benefit from broader connectivity through bus services covering the East region comprehensively. This multi-modal transport advantage reduces car dependency and appeals particularly to environmentally conscious buyers and cost-conscious renters. For investors considering long-term capital preservation and rental yield, the transport-centric positioning of Rezi 24 provides structural support for both occupier demand and resale marketability.

Unit Design and Space Efficiency

Units within Rezi 24 are conceived with efficiency and practicality at their core. With layouts ranging around 452 square feet and featuring configurations from one bedroom upwards, the development serves buyers prioritising smart space utilisation over sprawling footprints. This size spectrum aligns well with Singapore's first-time buyer demographic and investors seeking yielding rental units that appeal to young professionals and small households. The compact format ensures manageable maintenance costs, competitive monthly management fees, and lower absolute prices compared to larger developments, making each unit more accessible to a wider buyer base.

The architectural approach reflects contemporary standards for urban living, incorporating practical finishes and layouts that maximise usable floor area. Storage solutions, efficient kitchens, and thoughtfully planned bathrooms cater to the practical needs of modern occupants. For investors, such pragmatic design translates into broad tenant appeal and higher occupancy stability, as renters value comfort and functionality within their budget parameters.

Investment and Ownership Considerations

Buyers approaching Rezi 24 through an investment lens will find the development's fundamentals compelling. The proximity to Aljunied MRT creates a natural rental pool drawn from the broader East-West Line corridor. Rental demand in Geylang has historically remained resilient, supported by the district's mix of accessibility, affordability, and established neighbourhood character. Investors can anticipate steady tenant inquiry and competitive rental yields, particularly for efficiently sized units that appeal to working professionals seeking accessible, affordable accommodation.

For Singapore Citizens purchasing a second residential property, Additional Buyer's Stamp Duty at 20% applies and must be factored into the total investment outlay. First-time buyers incur only standard Stamp Duty, representing a material cost differential that makes Rezi 24 particularly attractive for those entering the residential property market. Owner-occupiers benefit from lower transaction costs and the satisfaction of securing practical accommodation in a well-connected district without the complexity of managing rental arrangements.

Capital Appreciation and Market Positioning

The East region has traditionally attracted steady capital appreciation driven by sustained demand, limited new supply relative to population growth, and the region's well-established MRT connectivity. Rezi 24's positioning within this context suggests reasonable medium-term capital preservation and appreciation potential. The development's accessibility via Aljunied MRT, combined with Geylang's established commercial and residential ecosystem, supports continued demand from both owneroccupiers and investors. Property values in transport-proximate locations generally outperform more distant alternatives, and this premium should be reflected in Rezi 24's resale trajectory.

Market comparables in the immediate vicinity—developments within similar proximity to MRT stations and featuring equivalent unit sizes—tend to command modest appreciation over five to ten-year holding periods. Buyers should anticipate their investment maintaining real value, with capital growth potentially exceeding inflation for properties in such strategically located developments. The relative affordability of entry prices into Rezi 24 also enhances buyer optionality, allowing investors to diversify across multiple units or properties without concentration risk.

Buyer Suitability and Target Demographics

Rezi 24 accommodates several distinct buyer personas. First-time buyers with limited equity find the development's price point accessible, allowing entry into formal property ownership whilst building equity over time. Young professionals and couples working within the East region benefit from the ultra-short commute to Aljunied MRT, eliminating lengthy transport times and associated costs. These occupier-owners typically remain in the market for three to seven years before upgrading to larger accommodation, allowing Rezi 24 to serve as an effective stepping stone in residential progression.

Seasoned investors recognise Rezi 24's rental yield potential and tenant-friendly location. The unit configurations appeal particularly to Asian expatriates, young families, and single professionals seeking affordable, accessible, transport-proximate accommodation. This diverse tenant pool reduces vacancy risk and supports stable, predictable rental income. Higher-net-worth individuals may view Rezi 24 as a diversification play within a broader residential portfolio, valuing the consistent demand drivers and established neighbourhood character over growth potential in emerging areas.

Financing and Affordability

The development's price range sits comfortably within accessible lending parameters for most buyer profiles. Financing a purchase at typical Rezi 24 price points presents no unusual challenges—debt servicing ratios (TDSR) typically remain well within lending guidelines even for buyers with moderate incomes. Banks generally view East region properties with strong MRT connectivity as low-risk collateral, and Aljunied's prominence on the East-West Line ensures lenders recognise the security inherent in such locations. Buyers should expect competitive mortgage rates and loan-to-value ratios aligned with broader condo market standards.

The combination of moderate absolute price and competitive financing terms makes Rezi 24 accessible to entry-level buyers unable to contemplate larger developments or prime central locations. This accessibility itself becomes a strength—broad demand from multiple buyer tiers typically supports stable occupancy and capital preservation.

Comparative Market Position

Within the East region's condominium landscape, Rezi 24 occupies a distinct position: established transport connectivity, vibrant neighbourhood context, practical unit design, and accessible pricing. Competing developments within similar proximity to MRT stations typically command modest premiums for newer construction or larger site areas, yet Rezi 24's value proposition remains compelling for buyers prioritising location efficiency and price accessibility. The development's modest scale and established market positioning suggest less speculative volatility than emerging projects in newly developed areas.

Geylang's mixed-use character and established amenity base provide anchoring demand that may outperform more newly developed, homogeneous residential estates. This stability appeals to conservative investors and owner-occupiers equally.

Future Outlook and District Development

The East region's property market benefits from mature infrastructure and established demand patterns. Future developments in the district will likely focus on renewal and incremental improvement rather than transformative change, supporting steady appreciation of existing properties in well-positioned locations. Aljunied MRT's centrality to the East-West Line ensures sustained transport relevance, and ongoing public transport improvements across Singapore will only enhance the relative advantage of being within seven minutes of such a major node.

Rezi 24 represents practical, accessible housing in an established district with proven long-term demand drivers. For buyers seeking straightforward, efficient property with clear utility and financial logic, this development merits serious consideration.

Frequently Asked Questions

What rental yield can investors typically expect from units at Rezi 24?

Geylang's established position as a mixed commercial and residential district, combined with Rezi 24's direct proximity to Aljunied MRT, generates consistent rental demand from working professionals seeking affordable, transport-accessible accommodation. Based on comparable East region developments with similar MRT proximity and unit configurations, investors typically achieve gross rental yields in the region of 3.5% to 4.5% annually, though outcomes depend on specific unit configuration, amenity suite, and market conditions at the time of purchase. The district's resilience in rental demand across economic cycles, supported by the practical necessity of transport proximity, suggests yields remain relatively stable compared to properties in less accessible locations. Investors should model conservative assumptions rather than peak-market projections, particularly given the competitive rental landscape in transport-proximate areas.

How does Rezi 24's pricing compare to recent per-square-foot transactions in Geylang?

Market transactions in Geylang's condominium sector, particularly those within 600 to 700 metres of MRT stations, have historically traded in the range of S$1,600 to S$1,850 per square foot depending on property condition, unit size, and amenity provision. Rezi 24's positioning within this band reflects fair market value for a development with direct, accessible MRT proximity and practical modern design. Comparable recent transactions in the immediate East region have shown modest appreciation, with properties in established developments typically gaining 2% to 3% annually in nominal terms. Buyers should assess Rezi 24's per-square-foot positioning relative to specific comparable sales rather than relying on broader district averages, as proximity to MRT stations commands a consistent premium over properties further from transport.

What are the ABSD implications for Singapore Citizens purchasing Rezi 24 as a second property?

Singapore Citizens acquiring a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For a property purchased at S$750,000, this results in ABSD of S$150,000 in addition to standard Stamp Duty, significantly increasing total transaction costs. This 20% duty applies regardless of whether the property is intended for owner-occupation or investment purposes, and must be paid within 30 days of the Instrument of Transfer being executed. First-time buyers acquire Rezi 24 units without ABSD exposure, making the development particularly attractive for maiden property purchases. Investors must carefully model ABSD into their total acquisition costs and ensure the projected rental yield justifies the elevated capital outlay—in many cases, the 20% duty implies a breakeven period of four to five years at typical yield rates before the property becomes income-generative on a net basis.

Does Rezi 24 carry lease decay risk, and how does tenure affect resale value?

The tenure structure of Rezi 24 is essential to establish, as it directly impacts long-term value preservation and financing availability. Singapore residential properties operate under either 99-year, 999-year, or Freehold tenure—there are no other lease durations. Properties with longer tenures (999 years or Freehold) command higher valuations and attract broader buyer pools, whilst 99-year leasehold properties face the mathematical reality of tenure decay: as the lease approaches expiry, valuations decline rapidly due to financing constraints and buyer risk aversion. For buyers intending to hold Rezi 24 beyond 10-15 years, tenure verification is critical, as a 99-year lease would require careful consideration of resale timelines. Mortgage lenders become increasingly restrictive as lease terms decline below 60 years, effectively creating a practical ceiling on holding periods. Prospective buyers must confirm Rezi 24's tenure structure during due diligence and model resale implications accordingly.

How does proximity to Aljunied MRT Station influence Rezi 24's demand and capital appreciation?

Proximity to MRT stations is among the most consistent drivers of residential demand and capital appreciation across Singapore's property market. Being just 610 metres (approximately seven minutes' walk) from Aljunied MRT Station on the East-West Line positions Rezi 24 within the optimal proximity band for transport accessibility—close enough to eliminate commuting friction, yet distant enough to avoid noise and air quality concerns associated with immediate station-adjacent properties. The East-West Line itself is one of Singapore's oldest and busiest corridors, serving both established neighbourhoods and major employment centres, which sustains tenant demand across economic cycles. Properties with this transport positioning typically appreciate 1-2% faster than peers located 15+ minutes from MRT, and command rental premiums of 8-12% compared to equivalent properties in less accessible locations. The stability of transport infrastructure, combined with Aljunied's centrality to East-West corridors, suggests this capital appreciation advantage will persist indefinitely.

Which buyer profiles—HNW, upgraders, first-timers, investors—would find Rezi 24 most suitable?

First-time buyers find Rezi 24 particularly compelling: the development's accessible entry pricing, proven demand characteristics, and transport connectivity provide a secure foundation for maiden property ownership without the complexity of acquiring in emerging or speculative areas. Upgraders stepping down from larger properties or relocating to the East region for employment or lifestyle reasons benefit from practical, efficient layouts and the proven neighbourhood amenity base. Owner-occupiers working within the East region gain measurable quality-of-life improvements through the negligible commute to Aljunied MRT, effectively purchasing time and wellbeing alongside equity. Investors across income tiers find Rezi 24 valuable—conservative, income-focused investors value the stable, diversified tenant pool and proven rental demand; more aggressive investors recognise the relative affordability allows portfolio diversification without concentration risk. Higher-net-worth individuals may view Rezi 24 as a defensive, yield-generating component of a larger residential portfolio rather than a capital appreciation play, making it suitable for wealth preservation strategies. The development's accessibility across multiple buyer profiles creates demand resilience that supports capital preservation.

What are TDSR implications and financing headroom for typical Rezi 24 purchase prices?

Total Debt Servicing Ratio (TDSR) regulations cap debt servicing costs at 60% of gross monthly income for residential mortgage borrowers. For a Rezi 24 purchase priced around S$750,000 with a 35-year loan term at current mortgage rates (approximately 3.5-4%), estimated monthly servicing runs to roughly S$3,300-S$3,600 depending on down payment and loan structure. This implies the borrower requires a monthly gross income of approximately S$5,500-S$6,000 to remain comfortably within TDSR guidelines—a threshold well within reach for most professional occupiers and investors in Singapore's employment landscape. Lenders typically approve mortgage terms for transport-proximate condos with minimal scrutiny, viewing the East region and Aljunied proximity as low-risk collateral. Buyers with incomes above S$6,000 monthly will encounter no financing constraint; those below this threshold should model their specific debt-to-income situation but will likely secure approval provided other credit metrics are sound. The affordable absolute price of Rezi 24 units means financing headroom remains sufficient for most buyer demographics.

How does Rezi 24 compare to competing developments within similar MRT proximity in the East region?

Developments within comparable distance to East-West Line stations (Aljunied, Paya Lebar, or Eunos) typically target similar buyer cohorts but differentiate on amenity provision, site scale, and design premium. Rezi 24's relatively modest scale and practical design focus positioning it as a value-oriented alternative to larger, more amenity-heavy developments that command material premiums despite comparable MRT accessibility. Newer competing projects in the same district may offer contemporary finishes and upgraded communal facilities, justifying 5-8% price premiums per square foot, yet Rezi 24's established market positioning and proven occupancy characteristics offset the novelty advantage. Compared to developments in less transit-accessible East region locations (15+ minutes from MRT), Rezi 24 commands a justified premium of 12-15% per square foot reflecting the transport advantage. For buyers prioritising efficient, accessible, competitively priced accommodation over cutting-edge amenities, Rezi 24 typically outperforms larger, newer alternatives on a value-adjusted basis.

Which unit stacks or floor levels at Rezi 24 offer optimal value?

Mid-level units (floors 8-15 in a typical condo tower) typically offer the best value at Rezi 24—high enough to avoid ground-level concerns regarding noise, privacy, and perceived accessibility, yet lower enough to maintain faster elevator service and marginally lower prices than higher floors. Lower mid-level units (floors 5-10) attract investor interest due to the combination of moderate pricing and genuine rental premium over ground-adjacent units, creating efficient yield mathematics. Higher floor units command material premiums (10-15%) without proportional rental uplift, making them less attractive from a yield perspective despite the theoretically superior views. Units facing away from primary roads typically command modest rental and capital value premiums due to reduced traffic noise—particularly relevant in Geylang where Lorong 24 carries moderate vehicular activity. South or east-facing units receive afternoon and morning sun respectively, with market preference varying by occupier; west-facing units often trade at slight discounts despite abundant afternoon light due to heat accumulation. Investors should prioritise floor position (mid-range) and noise exposure over views or precise orientation, as the former directly impact occupancy and retention.

What future supply pipeline developments might affect Rezi 24's market position in Geylang?

The East region, and Geylang specifically, faces increasingly constrained development opportunity relative to historical supply levels. The Government has designated much of the established East region as mature estate, with planning policy prioritising renewal of existing properties over greenfield development. This structural constraint implies new competitive supply will remain limited, protecting existing developments like Rezi 24 from oversupply risk. However, the district's significant land value and mixed-use zoning mean commercial and residential redevelopment will continue—this presents neither threat nor opportunity for Rezi 24, as renewal projects typically address different demographic segments (larger family homes, premium properties) rather than directly competing for Rezi 24's tenant or buyer cohort. The Aljunied MRT area's age and integration into the broader urban fabric mean no revolutionary infrastructure changes are anticipated, suggesting Rezi 24's transport advantage will remain relatively stable. Buyers and investors should monitor planning announcements regarding transport improvements (bus rapid transit, active mobility infrastructure), which might enhance accessibility further, but anticipate limited new residential supply that would erode Rezi 24's value proposition. The constrained supply environment provides implicit support for capital preservation and modest appreciation across the property's holding period.

[For Sale] Rezi 24 — From S$750K