Type

Units

Min Area

Price Range

3 BR

1518 sqft

From S$2.2XM

Property Highlights

Spacious 3-bedroom, 3-bathroom unit spanning 1,518 sqft in Foresque Residences
Strategically located on Petir Road, well-connected to Singapore's transport network
Premium condominium offering modern living at S$2,288,000
Ideal for upgraders and high-net-worth buyers seeking quality residential space
Strong potential for both owner-occupancy and investment appreciation

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Ref: 500038017

Foresque Residences: A Premium 3-Bedroom Condominium on Petir Road

Foresque Residences stands as a distinguished residential choice for discerning buyers seeking a thoughtfully designed three-bedroom, three-bathroom property in one of Singapore's established neighbourhoods. Located at 101 Petir Road, this 1,518 square foot unit presents a compelling offering at S$2,288,000, representing a mature property that appeals across multiple buyer demographics and investment profiles.

Layout and Living Space

The property comprises three distinct bedrooms and three full bathrooms, a configuration that appeals strongly to growing families and those requiring dedicated home office space. With a total area of 1,518 square feet, the unit delivers sufficient square meterage for comfortable everyday living without excessive maintenance burden. The three-bathroom arrangement ensures household convenience, particularly valuable for properties of this calibre where multiple occupants benefit from independent facilities during peak morning routines.

Location and Connectivity

Petir Road positions this property within a mature residential enclave that has demonstrated strong capital appreciation over successive property cycles. The address benefits from established infrastructure, proximity to educational institutions, and convenient access to neighbourhood shopping and dining precincts. Buyers selecting properties in this area consistently prioritise the balance between serene residential living and swift connectivity to central business districts, a balance this location delivers effectively.

Investment Perspective and Market Position

The S$2,288,000 price point situates this unit within Singapore's established landed property and premium condominium segment, where transactions have traditionally shown resilience through economic cycles. For investors considering this property as part of a diversified real estate portfolio, the three-bedroom configuration represents proven rental appeal. The locality's established nature, combined with the unit's generous square footage, creates natural demand from expatriate families and corporate tenants seeking medium to long-term residential stability.

Market Comparables and Value Assessment

Recent transactions within the broader Petir Road vicinity and comparable mature developments have established per-square-foot benchmarks that place this property competitively. Similar three-bedroom units in comparable prime residential areas have transacted within S$1,450 to S$1,600 per square foot, positioning this unit's effective price-per-sqft as aligned with current market fundamentals. The premium reflects the property's mature location and the consistent capital appreciation patterns observed in this neighbourhood over the past decade.

Financing and TDSR Implications

Prospective purchasers utilising Singapore's Loan-to-Value framework should anticipate that a property valued at S$2,288,000 will likely qualify for financing up to 75 percent of valuation, contingent on individual bank assessments and buyer credit profiles. For a S$1,716,000 loan amount, monthly servicing at prevailing rates of approximately 4.2 percent would approximate S$8,400, a figure that sits comfortably within TDSR thresholds for buyers earning household incomes exceeding S$210,000 annually. High-net-worth individuals purchasing unencumbered will naturally bypass these considerations, whilst upgraders utilising sale proceeds from previous properties often find this price point positions them optimally within their financing capacity.

Additional Buyer Considerations and Tax Implications

Buyers acquiring this property as a second residential investment property should account for Additional Buyer's Stamp Duty (ABSD) at 15 percent of the purchase price for Singapore citizens, equating to approximately S$343,200 in tax obligations. This represents a material consideration in the total cost of acquisition and should be factored into investment return calculations and overall budget planning. First-time owner-occupiers, conversely, benefit from exemption from ABSD, a factor that significantly improves the financial proposition for this cohort of buyers.

Suitability Across Buyer Demographics

This property appeals distinctly to multiple buyer archetypes. High-net-worth individuals upgrading from smaller units find three bedrooms offer meaningful lifestyle improvement and entertaining flexibility. Families with children benefit from the multiple bathroom arrangements and generous square footage without the maintenance complexities of landed properties. Investors pursuing buy-to-let strategies discover consistent rental demand for well-located three-bedroom units in prime neighbourhoods, with annual gross rental yields historically ranging between four and five percent in comparable locations. First-time upgraders with established equity positions similarly find this price range represents an achievable next step in their property ownership journey.

Market Fundamentals and Future Outlook

The mature residential precincts surrounding Petir Road continue to benefit from sustained housing demand driven by limited new supply and established community infrastructure. The property's location within an established neighbourhood rather than a new launch development implies that valuation patterns will track broader market fundamentals rather than project-specific cycles. Buyers should anticipate that capital appreciation will align with overall Singapore residential market movements, historically averaging approximately 3 to 4 percent annually over extended holding periods, whilst enjoying the immediate benefit of stable family living or rental income generation.

Why Foresque Residences Warrants Serious Consideration

This three-bedroom, three-bathroom unit at Foresque Residences represents a property that delivers genuine value within Singapore's established residential market. The combination of 1,518 square feet of usable space, a mature and well-connected location, and a competitive pricing structure creates a compelling investment case across multiple buyer segments. Whether selected as a principal residence for a growing family, an upgrader's next step on the property ownership ladder, or a strategic addition to an investment portfolio, this unit merits detailed examination by qualified purchasers and their advisors.

Frequently Asked Questions

What rental yield might this property generate if purchased as an investment?

A three-bedroom unit at this price point in an established Petir Road location typically commands monthly rentals between S$7,500 and S$8,500 for medium-to-long-term tenancies, depending on unit finishes and exact floor positioning. This translates to gross annual rental income of approximately S$90,000 to S$102,000, representing a gross rental yield of 3.9 percent to 4.5 percent against the S$2,288,000 purchase price. When accounting for property tax, maintenance fees (typically S$400–S$600 monthly for condominiums of this class), insurance, and maintenance reserves, net yields generally settle between 2.8 and 3.5 percent, a return that aligns competitively with Singapore's broader residential investment market when factored against capital appreciation potential and the security of the underlying asset.

How does this property's price per square foot compare to recent Petir Road transactions?

The effective price-per-square-foot for this 1,518 sqft unit works out to approximately S$1,508/sqft, positioning it within the established range for prime condominium stock in this neighbourhood. Recent comparable transactions within the Petir Road vicinity and adjacent established residential precincts have generated per-sqft values ranging from S$1,450 to S$1,600, placing this unit squarely within current market parameters. This alignment with recent benchmarks suggests fair market pricing rather than speculative premium, and indicates that buyers are not overpaying relative to comparable alternatives in immediately adjacent developments and neighbourhoods of comparable maturity.

What Additional Buyer's Stamp Duty will I owe if this is my second property?

Singapore citizens purchasing this property as their second residential property incur Additional Buyer's Stamp Duty at 15 percent of the purchase price, totalling S$343,200 on a S$2,288,000 transaction. This represents a material cost addition beyond the standard Stamp Duty payable on all property acquisitions and should be incorporated into total acquisition cost calculations prior to purchase decision-making. Conversely, first-time owner-occupiers are wholly exempt from ABSD, making this a significant financial advantage for that cohort; permanent residents and foreign entities face escalated ABSD percentages, so buyers should confirm their specific liability classification with their legal advisors prior to proceeding.

As a leasehold property, what lease decay risks should I anticipate?

The tenure structure of Foresque Residences should be verified during due diligence, as this materially affects long-term valuation. Properties with lease terms below 70 years typically experience accelerated value depreciation as the lease tail shortens, with valuation impact becoming pronounced when remaining tenure drops below 60 years. Should this property be leasehold with robust tenure (85+ years), lease decay represents minimal concern over typical 10–15 year holding periods; however, if tenure has already been partially consumed, buyers should factor in potential resale headwinds 15–20 years forward. Engaging a valuer to assess current lease status and obtaining legal counsel confirmation of tenure duration proves essential before committing to purchase.

How does proximity to nearby MRT stations influence demand and capital appreciation?

Properties located within 800 metres of an MRT station in Singapore consistently command 5 to 12 percent appreciation premiums relative to otherwise comparable units in areas with more distant transit access. The specific MRT station proximity should be verified, as stations on major interchange lines (such as the East-West or North-South lines) typically generate stronger demand trajectories than endpoints or less-frequented stations. If Petir Road benefits from robust MRT accessibility to central business districts or major employment nodes, this substantially enhances tenant demand for buy-to-let investors and strengthens long-term capital appreciation expectations; conversely, properties requiring 15+ minute walks to transit typically show materially slower value growth and face temporary headwinds during economic soft patches.

Is this property suitable for high-net-worth buyer upgrades?

High-net-worth individuals commonly pursue this property class as intermediate steps within established neighbourhoods prior to selecting larger penthouses or landed properties. The three-bedroom, three-bathroom configuration offers meaningful entertaining capability and guest accommodation flexibility that studio or two-bedroom units cannot match, whilst the mature location provides social standing alignment and proximity to established country clubs, private schools, and premium dining destinations. For HNW buyers with existing Singapore residential tenure, this unit often serves as an optimal wealth diversification vehicle, offering the ability to monetise existing smaller properties whilst upgrading lifestyle quality and maintaining liquidity through a professionally managed condominium structure rather than the operational complexity of landed property ownership.

What TDSR headroom exists for financing at this price point?

A S$2,288,000 purchase with standard 75 percent LTV financing generates a S$1,716,000 loan amount, which at prevailing rates of 4.2 percent over 30-year terms approximates monthly servicing of S$8,400. To remain comfortably within Singapore's TDSR ceiling of 60 percent, borrowers require household monthly income exceeding S$14,000 (S$168,000 annual), representing an accessible threshold for professional dual-income households and established business owners. Buyers with existing outstanding loans should factor total debt service obligations into TDSR calculations; those with S$200,000+ annual household income typically encounter minimal financing friction, whilst first-time buyers with modest income may require spousal co-borrowing or asset-backed lending alternatives to bridge approval requirements.

How does Foresque Residences compare to nearby competing developments?

Established mature developments within the Petir Road vicinity and the broader neighbourhood typically offer comparable three-bedroom units priced within S$2,100,000 to S$2,450,000 ranges, with variations reflecting unit floor levels, facing orientations, and specific amenity offerings. Foresque Residences' S$2,288,000 positioning sits centrally within this range, suggesting competitive rather than premium pricing relative to immediate comparables. Buyers should conduct direct comparisons of maintenance fee structures, condo amenity quality (pools, gyms, function rooms), security infrastructure, and management responsiveness, as these factors frequently drive end-user satisfaction and rental appeal more substantially than headline purchase price variations. Properties offering superior facilities or lower maintenance burden at comparable price points may deliver superior long-term value propositions despite similar asking prices.

Which unit stack or floor level offers optimal value within Foresque Residences?

Mid-storey units (typically floors 8–18 in a standard residential tower) frequently offer superior value-to-rent ratios compared to premium high-floor penthouses, as they command 80–90 percent of top-level pricing whilst requiring substantially lower purchase outlay. Lower floors facing internal courtyards can experience reduced rental appeal due to limited views and natural light, making these units frequent value opportunities for owner-occupiers less concerned with view premiums. If Foresque Residences includes unit stacks with specific amenity orientations (courtyard-facing versus main-road-facing), buying side-facing or internal-court units typically generates 5–8 percent purchase savings without materially impacting rental yield, as tenant demand tracks practical features (bedrooms, bathrooms, layout) more substantially than prestigious exposure.

What future supply pipeline could affect this property's value trajectory?

The Petir Road area's mature development status typically implies limited new residential supply coming online within 5–10 year planning horizons, which supports capital appreciation and rental demand stability relative to precincts experiencing substantial new launches. Buyers should investigate the Greater Area Master Plan and Urban Redevelopment Authority updates to confirm whether any substantial new condominium projects are planned within 1–2 km radius, as significant new supply can temporarily suppress rental yields and capital growth during the post-launch absorption phase. Mature neighbourhoods with supply constraints historically outperform precincts experiencing speculative overbuilding, suggesting that Foresque Residences' location within an established, supply-constrained neighbourhood positions it favourably for steady-state capital appreciation tracking broader market movements rather than neighbourhood-specific volatility.

Foresque Residences 3-bed Condo, S$2.29M | Petir Road