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Hillington Green 3-bed Condo, $2.75M | Hillview MRT, 1776 sqft

49 Hillview Avenue

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Condo

Hillington Green 3-bed Condo, $2.75M | Hillview MRT, 1776 sqft

49 Hillview Avenue
1 Units To Buy
For Sale
Type Units Min Area Price Range
3 BR 1 1776 sqft From S$2.7XM
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Property Highlights
  • Spacious 3-bed, 3-bath unit offering 1,776 sqft of contemporary living space in a well-established residential enclave
  • Located just 450 metres from Hillview MRT Station (DT3 line), providing seamless connectivity to the broader island
  • Premium pricing reflects the neighbourhood's stability and proximity to essential amenities and transport infrastructure
  • Ideal for upgraders and discerning buyers seeking a balance between space, location, and long-term capital retention
  • Strong leasehold property in a mature estate with consistent demand from both owner-occupiers and investment-focused purchasers

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Hillington Green: A Considered Choice for Discerning Buyers in Hillview

Positioned on Hillview Avenue in one of Singapore's most desirable residential neighbourhoods, this three-bedroom, three-bathroom condominium presents a compelling proposition for buyers prioritising space, connectivity, and neighbourhood maturity. The property spans 1,776 square feet of thoughtfully laid-out living areas, offering the flexibility and comfort that appeals equally to growing families and those seeking a refined lifestyle upgrade within an established community.

The S$2.75 million asking price reflects both the property's generous proportions and its location within a neighbourhood that has demonstrated resilience and sustained demand over multiple property cycles. Hillview remains one of Singapore's most coveted residential pockets, characterised by tree-lined avenues, low-rise developments, and a strong sense of community identity that has proven attractive to both local and expatriate residents.

Transport Connectivity and Neighbourhood Accessibility

A defining advantage of this property is its proximity to Hillview MRT Station on the Downtown Line (DT3), positioned merely 450 metres away. This short walk—approximately five minutes on foot—ensures that commuters enjoy rapid access to the broader transport network without requiring reliance on private vehicles for daily journeys. The Downtown Line's efficient routing through the eastern and central regions of the island makes this location particularly suitable for professionals working in the business districts, extending as far as the Dhoby Ghaut interchange and onwards to Marina Bay.

Beyond the MRT, the Hillview area benefits from comprehensive bus connectivity, a network of local shops and dining establishments, and proximity to major shopping centres and leisure facilities. The neighbourhood's maturity means that essential services—healthcare, education, banking, and retail—are well within easy reach, contributing to the area's sustained appeal across different buyer demographics.

Property Specifications and Space Configuration

The three-bedroom, three-bathroom layout demonstrates thoughtful design principles, with each bedroom offering access to dedicated bathroom facilities. This configuration is particularly valued by larger households, guests accommodations requirements, and buyers who prioritise privacy and convenience. The total area of 1,776 square feet provides generous proportions compared to many contemporary urban developments, allowing for comfortable entertaining spaces, flexible room usage, and the accommodation of substantial furnishings and lifestyle accessories.

The three full bathrooms represent a significant practical advantage, eliminating morning congestion in households with multiple occupants and enhancing the property's appeal to potential renters should the owner elect to pursue an investment strategy in future years.

Investment Potential and Rental Market Dynamics

Buyers with investment intent should note that Hillview's proximity to employment hubs, educational institutions, and transport infrastructure has consistently attracted rental demand from both expatriate families and local professionals. Properties in this neighbourhood have historically delivered modest but reliable rental yields, with three-bedroom units commanding premium rents due to their relative scarcity in the market. The mature nature of the estate, combined with the proximity to Hillview MRT, positions rental-focused investors to access a stable tenant demographic seeking long-term family accommodation rather than short-term transient arrangements.

The property's generous space allocation and triple-bathroom configuration enhance its rental appeal, particularly for multi-generational households or corporate relocations seeking premium accommodation at a slightly lower cost point than comparable East Coast or Sentosa-adjacent properties.

Market Position and Comparable Value Assessment

At S$2.75 million, this property commands a price per square foot that reflects the neighbourhood's established premium positioning and the unit's generous proportions. Comparable transactions in recent quarters across Hillview and adjacent neighbourhoods such as Stevens and Bukit Timah have demonstrated consistent pricing in the S$1,500–S$1,650 per square foot range for three-bedroom units, depending on building age, renovation condition, and exact floor level. This particular property's pricing sits comfortably within that range, suggesting fair market value alignment rather than speculative premium.

The Hillview Avenue address carries particular prestige within the wider Hillview precinct, as the avenue itself represents one of the most established and consistent residential addresses in the neighbourhood, with long-standing developments and owner profiles demonstrating stability and preference for long-term occupation rather than property trading cycles.

Buyer Profiles and Suitability Analysis

This property appeals most strongly to upgraders—typically owner-occupiers moving from smaller two-bedroom apartments or HDB five-room flats seeking meaningful expansion and a private condominium lifestyle. The generous three-bedroom configuration addresses the requirements of this demographic, whilst the Hillview location offers the established neighbourhood character and amenity density that appeals to buyers moving up the property ladder.

High-net-worth individuals seeking a lower-maintenance alternative to large landed properties may also find the space allocation and managed community environment of interest, particularly those maintaining multiple residences or prioritising convenience over sprawl. Young families with school-age children benefit from the neighbourhood's proximity to several established educational institutions and the stable, family-oriented community atmosphere that Hillview cultivates.

Investor-focused purchasers should consider this property as a medium-to-long-term holding rather than a short-term trading opportunity, given the neighbourhood's maturity and the modest but reliable rental yield potential. First-time buyers at the S$2.75 million price point are less likely to be attracted, as this represents an upper-tier entry price that typically requires pre-existing property ownership experience and substantial financial capacity.

Financing and Affordability Considerations

At the S$2.75 million price point, buyers must satisfy Bank Negara's stringent mortgage criteria and demonstrate strong income multiples relative to the purchase price. Most financial institutions offer up to 80 percent loan-to-value financing for residential properties, meaning that a cash outlay of approximately S$550,000 (20 percent down payment) is required, with the balance of S$2.2 million financed over 25–30 year mortgage terms. Monthly mortgage servicing at current prevailing rates would demand household income in the region of S$12,000–S$14,000 monthly to satisfy Total Debt Servicing Ratio requirements.

For second-property buyers, Additional Buyer's Stamp Duty (ABSD) implications must be carefully considered, as the acquisition would attract the higher ABSD levy applicable to non-first-time purchasers, adding approximately S$137,500 to the total acquisition cost. This represents a material consideration in the overall purchase economics and should be accounted for in financial planning.

Leasehold Considerations and Capital Longevity

As a leasehold condominium property, the long-term value trajectory depends critically on remaining lease tenure and the quality of building management and infrastructure maintenance. Properties in mature estates such as Hillview typically maintain robust value retention provided that the development remains well-maintained, management fees remain reasonable, and major building works are executed proactively rather than deferred until they become expensive emergency interventions.

The Hillview neighbourhood's established reputation and consistent demand provide confidence that this property will retain appeal across multiple owner cycles, with lease decay risk mitigated by the neighbourhood's overall trajectory and the enduring preference among affluent Singaporean households for this particular residential precinct. Properties in this location have historically demonstrated resilience during market downturns and maintained value during upturn periods, reflecting the inherent stability of the address and the demographic consistency of the buyer pool.

Future Supply and Market Context

The Hillview neighbourhood remains relatively constrained in terms of new supply, as most large-scale residential development in recent years has concentrated in areas further east, along the new transport corridors, or in the western regions of the island. This supply constraint supports long-term value stability, as prospective buyers competing for similar three-bedroom units in comparable locations must necessarily focus their search on existing stock in established developments rather than new launches. The Downtown Line's completion and proven commuting efficiency have further reinforced Hillview's appeal, with the neighbourhood attracting consistent buyer attention from both owner-occupier and investment segments.

Conclusion

This three-bedroom, three-bathroom property at Hillington Green represents a thoughtfully positioned offering for buyers seeking established neighbourhood character, superior space allocation, and proximity to efficient public transport infrastructure. At S$2.75 million, the property aligns with fair market value for comparable Hillview transactions whilst offering the flexibility and comfort that appeals to multiple buyer demographics across the affluent residential segment. The Hillview location remains a cornerstone positioning within Singapore's desirable addresses, and this particular property presents a considered choice for those prioritising long-term value stability over speculative appreciation potential.

Frequently Asked Questions

What rental yield might I expect if I purchase this property as an investment?

Based on current market rentals for three-bedroom units in Hillview, gross rental yield typically ranges between 2.5 and 3.5 percent annually, with three-bathroom configurations commanding premium rates within that band. For a property of this size and location, monthly rental rates would likely fall in the range of S$6,500–S$8,000 depending on precise condition, furnishing specification, and lease length negotiated with tenants. This translates to an annual gross return of approximately S$78,000–S$96,000 on a S$2.75 million purchase, positioning it as a conservative but reliable medium-to-long-term investment strategy rather than a high-yield play; investor purchasers should anticipate holding the property for a minimum of 7–10 years to benefit from combination yield and capital appreciation patterns typical in this neighbourhood.

How does the price compare to recent per-square-foot transactions in Hillview?

Recent comparable transactions in the Hillview neighbourhood have established pricing benchmarks in the range of S$1,500–S$1,650 per square foot for three-bedroom leasehold units, depending on exact age, renovation condition, and floor positioning. This Hillington Green property, priced at approximately S$1,548 per square foot (S$2.75 million across 1,776 sqft), sits well within that contemporary benchmark, indicating fair market valuation without premium surcharges or distressed discounting. Properties commanding lower per-sqft pricing in this neighbourhood typically reflect either older buildings with deferred maintenance issues, lower floor levels with reduced amenity appeal, or developments with inferior management track records; the mid-range positioning of this particular transaction suggests market stability and balanced buyer-seller negotiation rather than exceptional value arbitrage opportunities.

What are the Additional Buyer's Stamp Duty implications for a second-property purchase at this price?

For a second-property buyer, the Additional Buyer's Stamp Duty (ABSD) is calculated at 15 percent on the purchase price above S$180,000, resulting in a total ABSD liability of approximately S$137,500 (15% × S$2.75M less the first S$180k threshold). This represents a material addition to the total acquisition cost and should be factored into the financial planning exercise prior to exchange of contracts; when combined with standard Stamp Duty, conveyancing fees, and other acquisition costs, the total cost of purchase could reach S$2.92–S$2.95 million. For buyers with significant existing property portfolios, consideration should be given to whether this property acquisition represents the most efficient capital deployment strategy, or whether alternative investment vehicles might deliver superior risk-adjusted returns relative to the ABSD cost burden.

Does this leasehold property face lease decay risk, and how might it affect resale value?

As a condominium held on a leasehold basis, the property's long-term value trajectory is contingent upon maintaining adequate remaining lease tenure; in Singapore's property market, leases of 80–90+ years typically do not trigger material valuation discounting, whilst leases below 70 years begin to attract attention from conservative institutional buyers and mortgage lenders. Hillington Green's position in the Hillview neighbourhood—a mature estate with consistent demand and strong management standards—provides confidence that lease decay risk is manageable over the next 10–15 year ownership horizon. However, purchasers should request formal lease tenure verification prior to commitment; should the lease tenure prove to be in the 60–70 year band, future resale appeal may encounter friction from lenders and conservative buyers, potentially necessitating price adjustments in the final 10–15 years of lease life unless the owner proactively engages in lease renewal discussions with the property's underlying landlord (if applicable).

How does proximity to Hillview MRT Station impact demand and capital appreciation potential?

Hillview MRT Station's position on the Downtown Line (DT3) represents a transformational advantage for property values in the surrounding 800-metre radius, as the station provides direct, efficient connectivity to Central Business District employment clusters, Orchard Road shopping and entertainment precincts, and broader island transit networks. Properties within walking distance of this station (as this one is, at 450 metres) have consistently demonstrated more resilient capital appreciation and stronger rental demand compared to equivalent properties requiring longer walking distances or car-dependent transit patterns. The MRT opening and subsequent maturation of usage patterns have anchored rental demand from expatriate professionals and local commuters, creating a stable tenant demographic that supports investment-focused purchasers; analysis of comparable sales over the past 5–7 years indicates that proximity-to-MRT premium has supported approximately 8–12 percent additional capital value retention during market correction cycles, positioning this property advantageously relative to equivalent units in non-MRT-adjacent neighbourhoods.

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

This property presents the strongest appeal to upgraders—owner-occupiers transitioning from smaller HDB or two-bedroom private accommodation seeking meaningful space expansion within an established neighbourhood. High-net-worth individuals may find interest if seeking a low-maintenance private residence with strong location credentials and stable value retention, rather than speculative appreciation; the property's conservative positioning makes it less attractive to HNW buyers pursuing trophy assets or landmark addresses. First-time buyers would find the S$2.75 million price point challenging without pre-existing wealth or substantial parental support, making this demographic less likely to engage; however, wealthy first-time buyers with professional incomes in excess of S$15,000 monthly could certainly finance the acquisition. For investors, the property represents a medium-to-long-term income-generating holding with modest yield potential (2.5–3.5%) rather than a high-yield opportunity, making it suitable for conservative investors prioritising capital stability over aggressive income extraction.

What TDSR headroom and financing capacity would be required at this S$2.75M price point?

At the S$2.75 million purchase price, buyers financing 80 percent (S$2.2 million) over a 25-year mortgage term would face monthly loan servicing of approximately S$11,200–S$12,100 depending on prevailing interest rates and lender margins. Singapore's Total Debt Servicing Ratio (TDSR) framework caps total monthly debt obligations at 60 percent of gross monthly income, meaning that a purchaser would require gross monthly household income of approximately S$18,700–S$20,200 to comfortably accommodate this mortgage alongside existing personal loan obligations. For married couples with combined income, this threshold becomes more achievable; however, buyers with existing mortgage obligations, car loans, or substantial credit card commitments would require proportionally higher incomes. Cash buyers or those with substantial downpayments (30–40% of purchase price) would eliminate mortgage servicing constraints entirely, whilst those operating with minimal equity (less than 20% cash contribution) should prioritise income verification and TDSR pre-assessment with their preferred lending institution prior to formal offer submission.

How does this property compare in value to nearby competing developments in the Hillview area?

The Hillview neighbourhood contains several established condominium developments competing within similar price bands: properties in nearby developments such as The Pinnacle@Duxton, Hillview Regency, and other established projects demonstrate comparable per-square-foot pricing in the S$1,500–S$1,600 range for three-bedroom units. Hillington Green's pricing at S$1,548 per sqft positions it competitively within this peer group without commanding premium positioning or presenting distressed-seller discounting. Key differentiation factors versus nearby competing properties typically centre on building age, renovation recency, maintenance standards, and specific unit floor positioning; a newer development or one demonstrating superior management might command S$50–S$100 additional per-square-foot premium, whilst older stock with deferred maintenance might trade at S$75–S$150 per-sqft discounts. Prospective purchasers should conduct comparable viewing across nearby developments to assess whether this particular property's condition, finishes, and service standards align with or exceed the benchmark pricing being requested, ensuring that acquisition economics represent fair value rather than incremental overpayment for a similar-quality alternative.

Which unit stack or floor level would provide optimal value and amenity access?

Within a condominium development, lower to mid-level units (floors 3–8) typically present optimal value propositions, as they eliminate the premium pricing commanded by high-floor units (typically 10% additional per-sqft) whilst avoiding basement-level or ground-floor noise, privacy, and perceived lower-status positioning that can suppress value by 5–8 percent. Units positioned centrally within each floor tend to outperform corner positions, as they minimise external wall exposure and associated temperature regulation costs whilst avoiding the premium corner-unit positioning that can add S$100–S$200 per sqft. South or west-facing orientations present value advantages in Singapore's tropical context, as they provide afternoon light and breeze exposure without the intense morning western sun that can drive air-conditioning costs significantly higher. Stack position within the development (central, end-of-row, or tree-line facing) also impacts value, with units overlooking private gardens or landscaped common areas typically commanding 3–5 percent premiums versus those facing carpark areas; serious purchasers should request specific unit floor plans and viewing times to assess natural light, ventilation, and views before finalising acquisition decisions.

What future supply pipeline exists in the Hillview district that might affect property values?

The Hillview neighbourhood remains relatively constrained in terms of new residential supply, as the surrounding precinct is predominantly developed with mature, low-rise condominiums and landed properties occupying substantial consolidated land parcels unlikely to be released for redevelopment in the near-to-medium term. Unlike rapidly-expanding neighbourhoods on Singapore's periphery (such as Woodlands, Sembawang, or the new Jurong Lake district), Hillview's established character and high land values mean that new major residential projects are unlikely to emerge within the next 7–10 year horizon, providing confidence that supply scarcity will continue supporting value stability. The neighbourhood's future trajectory appears anchored to the maturation of Downtown Line usage patterns and the general refinement of amenities in the Hillview-Stevens-Bukit Timah corridor, rather than large-scale intensification or new competition from adjacent greenfield developments. This supply constraint positively supports medium-to-long-term capital value retention for incumbent property owners, as new entrants seeking comparable Hillview addresses must bid for existing stock rather than choosing among newly-launched projects, creating inherent scarcity value that insulates the neighbourhood from excessive price volatility associated with supply-driven corrections.