Type

Units

Min Area

Price Range

3 BR

1227 sqft

From S$1.9XM

Property Highlights

3-bedroom, 2-bathroom apartment spanning 1,227 sqft in established Telok Kurau locality
Priced at S$1,900,000 with convenient 11-minute walk to Marine Terrace MRT Station
Well-proportioned unit offering balance of space and accessibility in mature residential enclave
Marine Terrace MRT connection provides direct access to city centre and expanding eastern corridors
Positioned in sought-after east coast neighbourhood with strong long-term capital growth trajectory

Interested in this property?

Send a quick enquiry our PropSG team will reach out within 24 hours.

Ref: 500088688

Le Conney Park: A Well-Positioned 3-Bedroom Apartment in Telok Kurau

Le Conney Park presents a compelling opportunity for discerning buyers seeking a spacious three-bedroom apartment in one of Singapore's most established residential districts. Located at 89 Lorong L Telok Kurau, this 1,227 square foot residence has been priced at S$1,900,000, reflecting its position within the premium end of the east coast market. The property combines practical living space with proximity to essential transport and amenities, making it an attractive proposition for families, upgraders, and investors alike.

Location and Transport Connectivity

Telok Kurau has long been recognised as a desirable neighbourhood for residential living, characterised by tree-lined streets, mature landscaping, and a strong sense of community. The property's positioning along Lorong L places it within walking distance of key infrastructure and local services. Most notably, Marine Terrace MRT Station (TE27) sits just 950 metres away, approximately an 11-minute walk, providing efficient connectivity to the broader island without requiring vehicular transport for daily commutes.

This MRT access is a significant asset for long-term value retention and tenant demand. The Downtown Line extension and ongoing developments in the marine precinct have elevated the desirability of locations within the Marine Terrace catchment, particularly for professionals working in the city centre or emerging business hubs along the eastern corridor. The station itself serves as a natural anchor for property appreciation in surrounding neighbourhoods.

Space and Layout

The 1,227 square foot floor plate provides generous proportions for a three-bedroom configuration, allowing for functional separation of private and communal areas. This size bracket sits comfortably above the island's typical apartment offerings, affording residents the flexibility to accommodate home offices, guest facilities, or personalised styling without compromise. The inclusion of two bathrooms enhances convenience for larger households and reflects the quality standards of the development.

Properties of this dimension in the Telok Kurau vicinity are increasingly sought after by families transitioning from landed property or smaller units, as well as by international relocations requiring additional sleeping or living capacity. The layout potential within this square footage allows buyers considerable latitude in tailoring spaces to personal lifestyle requirements.

Market Positioning and Price Context

At S$1,900,000, this apartment reflects a per-square-foot valuation consistent with the current east coast market cycle. Recent transactions in comparable Telok Kurau developments have tracked in the S$1,500 to S$2,200 range for three-bedroom units, depending on exact configuration, floor level, and proximity to major thoroughfares. This particular asking price positions Le Conney Park within the mid-to-upper tier of available stock, justified by the property's space allocation and MRT accessibility.

The pricing environment for east coast apartments remains comparatively stable relative to other prime residential districts, with buyers continuing to value the combination of established infrastructure, quieter residential setting, and measured appreciation profiles. Telok Kurau's appeal to both owner-occupiers and investment-minded purchasers has underpinned consistent demand, and this three-bedroom configuration aligns well with buyer preference data for the locality.

Investment and Rental Yield Considerations

For investors assessing Le Conney Park as a rental asset, the immediate catchment surrounding Marine Terrace MRT has demonstrated solid tenant demand. Three-bedroom units in this locality have historically achieved monthly rents ranging from S$4,500 to S$5,800, depending on exact floor level, unit orientation, and whether furnishing is included. At S$1,900,000, this property would generate an estimated gross rental yield of approximately 2.8 to 3.7 percent per annum, placing it within the accepted range for quality residential investments in prime Singapore locations.

The tenant profile for Telok Kurau typically encompasses expatriate families, young professionals, and upgraders seeking space without the premium pricing of central districts. The proximity to international schools, established shopping amenities, and recreational facilities supports consistent tenant retention and rental sustainability. However, prospective investors should factor in ongoing maintenance contributions, property tax, and potential sinking fund adjustments typical of established residential developments.

Financing and Buyer Suitability

At the S$1,900,000 price point, potential buyers will need to satisfy standard mortgage eligibility criteria, typically involving a minimum 30 percent down payment (S$570,000) and demonstration of sufficient income to meet Total Debt Service Ratio (TDSR) requirements set by Singapore's banking regulator. Most institutional lenders will readily approve financing for properties in established locations such as Telok Kurau, with loan tenure options extending up to 30 years for purchasers within eligible age brackets.

This property holds particular appeal for upgraders trading up from smaller units or first-time buyers in the premium segment, as well as for high-net-worth individuals seeking a strategically positioned residential holding with natural capital appreciation potential. The three-bedroom, two-bathroom configuration satisfies the requirements of growing families whilst the east coast location appeals to buyers prioritising environment and stability over proximity to the CBD.

The Broader Telok Kurau Market

Telok Kurau's trajectory as a residential destination has been reinforced by consistent infrastructure investment and its positioning within Singapore's broader urban renewal strategy. The locality benefits from established shopping facilities, recreational spaces including the Telok Kurau Green, and proximity to quality dining and leisure options that have developed organically over decades. Unlike newer precincts reliant on phased development completion, Telok Kurau offers the proven convenience of a fully mature neighbourhood.

Future supply in the immediate Telok Kurau vicinity remains limited, as most available land has been developed or committed to institutional uses. This constrained supply, combined with the enduring desirability of the location, supports the expectation of sustained capital growth for well-positioned residential units. New launches in the broader east coast region continue to track higher price points, indirectly validating the relative value proposition of established developments such as Le Conney Park.

Investment Timeline and Exit Strategy

Properties in this category have historically demonstrated resilience across market cycles, with owners able to realise capital appreciation over holding periods of five to ten years. The accessibility of the property to a broad buyer base—encompassing owner-occupiers, upgraders, and investors—ensures reasonable liquidity in resale scenarios. The combination of three bedrooms, two bathrooms, and established MRT connectivity creates multiple demand vectors, reducing the risk of extended time-on-market in normalised market conditions.

Le Conney Park represents a straightforward residential investment thesis: stable locality, proven transport connectivity, and a spacious floor plan in a neighbourhood with limited new supply and strong demographic demand. Whether pursued as a family residence or as a core residential holding within a diversified portfolio, the property offers clarity of value and proven appreciation mechanics.

Frequently Asked Questions

What is the estimated gross rental yield for Le Conney Park if purchased as an investment property?

Based on current market rents for comparable three-bedroom units in the Telok Kurau area, properties of this size and quality typically achieve monthly rents between S$4,500 and S$5,800. This translates to an estimated gross rental yield of approximately 2.8 to 3.7 percent per annum on the S$1,900,000 purchase price. Actual yields may vary depending on furnishing decisions, seasonal demand fluctuations, and individual tenant profile preferences, but these figures represent realistic expectations for owner-investors operating in this established east coast market. Professional property management would typically absorb 5-8 percent of gross rental income, reducing net yield accordingly.

How does the S$1,900,000 asking price compare to recent per-square-foot transactions in Telok Kurau?

Recent comparable sales in Telok Kurau for three-bedroom apartments have ranged from S$1,500 to S$2,200, with per-square-foot values typically falling between S$1,200 and S$1,800 depending on specific location, floor level, and development vintage. For this 1,227 square foot unit, the asking price equates to approximately S$1,549 per square foot, positioning it at the mid-to-upper range of the locality's recent transaction history. This pricing reflects the property's generous floor plan, proximity to Marine Terrace MRT, and the overall quality standard of the development, rendering it competitive relative to recent market clearance in comparable configurations.

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

Second-property buyers acquiring this S$1,900,000 apartment would be subject to the full Additional Buyer's Stamp Duty schedule, which applies progressively on the purchase price. For a S$1,900,000 transaction, the ABSD would total approximately S$256,000 (representing roughly 13.5 percent of the purchase price), payable on completion of the purchase. This brings total cash outlay to approximately S$826,000 when combined with the standard 30 percent down payment requirement (S$570,000). Buyers should factor this substantial cost into their overall investment thesis and financing arrangements, as it meaningfully impacts the effective acquisition price and return expectations for investment-oriented purchasers.

What is the lease decay risk and potential resale impact for this Telok Kurau property?

This question assumes a leasehold tenure structure, which is standard for most Singapore apartments. The critical consideration is the remaining lease length—typically 99 years from the original grant date for HDB-type leases, or 999 years for some private developments (effectively indefinite). As the lease runs down below 80 years, institutional financing becomes progressively restricted, and investor demand softens materially. If this property carries a 99-year lease and is several decades old, the remaining term should be carefully verified with the developer or legal counsel. Properties with less than 60 years remaining typically experience accelerated capital depreciation, whereas those with 70+ years maintain steady appreciation. The freehold alternative, where available in the area, commands a significant premium reflecting the absence of lease decay risk.

How does proximity to Marine Terrace MRT Station influence demand and capital appreciation for this property?

Marine Terrace MRT Station (TE27) serves as a critical anchor for residential demand in the Telok Kurau precinct, and its presence has been a primary driver of capital appreciation across the surrounding catchment. Properties within a 10-15 minute walk of the station—including this 950-metre location—command a measurable premium relative to comparable units further afield, typically in the range of 8-12 percent. The station's positioning on the Downtown Line provides direct connectivity to Marina Bay, Raffles Place, and the CBD, whilst eastward extensions connect to emerging commercial nodes along the eastern corridor. This transport advantage has attracted a stable tenant base of expatriate families and young professionals, underpinning consistent rental demand. Future infrastructure developments, including the potential expansion of the eastern corridor transport network, are likely to reinforce the value proposition of properties with established MRT access.

Which buyer profiles would be most suited to Le Conney Park at the S$1,900,000 price point?

This property serves multiple buyer personas effectively. High-net-worth individuals seeking a stable, established residential holding with proven appreciation mechanics find the Telok Kurau location and three-bedroom configuration aligned with their portfolio requirements. Upgraders transitioning from smaller units or HDB stock benefit from the generous floor plan and community maturity of the locality. First-time buyers in the premium segment with strong financing capacity appreciate the clarity of value, proven rental demand, and absence of speculative framing around the property. Institutional investors and REITs value the stable income generation, predictable tenant demand, and liquid resale market that characterises well-located east coast apartments. Owner-occupiers prioritising neighbourhood stability, schools access, and established amenity infrastructure rather than cutting-edge development design find compelling value in Telok Kurau's mature positioning.

What TDSR capacity and financing headroom would a typical buyer require at this S$1,900,000 price point?

A S$1,900,000 apartment purchase typically requires a minimum 30 percent down payment (S$570,000) and mortgage financing of approximately S$1,330,000 assuming standard lending parameters. To qualify for this quantum of borrowing, a buyer would typically need household monthly income of approximately S$18,000-S$20,000, depending on the financial institution's TDSR interpretation and any existing debt obligations. The TDSR framework, set by Singapore's regulator, limits total monthly debt servicing to 60 percent of gross income, so buyers with higher existing commitments (car loans, credit cards, personal financing) may require proportionally larger incomes. Most banks offer loan tenures of 25-30 years for residential mortgages, which impacts the monthly servicing quantum and consequently the income threshold required. Buyers utilising Central Provident Fund (CPF) savings for down payment purposes may improve overall affordability, as CPF interest rates and withdrawal mechanics differ from cash outlay scenarios.

How does Le Conney Park compare to competing three-bedroom developments in Telok Kurau and nearby precincts?

Within Telok Kurau itself, established residential developments cluster around comparable pricing at the S$1,700,000 to S$2,100,000 range for three-bedroom units, with variation depending on development age, exact floor area, and orientation. Competing properties may offer slightly lower per-square-foot pricing but often sacrifice either unit size or transport proximity, creating natural trade-off dynamics in the market. In immediately adjacent precincts such as Marine Parade and Katong, three-bedroom apartments typically command premiums of 10-15 percent over Telok Kurau equivalents, reflecting closer proximity to the city centre and the more developed character of those neighbourhoods. Conversely, properties in less-established areas further east, such as Bedok or Tampines, can be acquired at 15-25 percent discounts, though these trade location maturity for newer infrastructure. Le Conney Park's positioning represents a balanced compromise within the east coast market, offering established neighbourhood credentials without the premium pricing of more central locations, whilst maintaining superior transport connectivity to outlying alternatives.

Which unit stack or floor level within Le Conney Park would offer the best value proposition?

Mid-level units—typically floors 4 through 10 in apartment developments—historically offer superior value relative to ground-floor or very high-level units. Ground-floor units often suffer from reduced natural light, noise from lobbies and passages, and perception of reduced privacy, typically trading at 5-8 percent discounts relative to equivalent mid-stack units. Conversely, highest-level apartments command premiums of 10-15 percent for superior views, light, and sense of separation from common areas, making them less optimal from a value-per-square-foot perspective for buyer-investors. Within the mid-stack, units positioned away from major lift cores and facing quieter courtyards or secondary elevations often trade at slight discounts whilst offering superior livability. For investor-focused buyers, mid-stack units (floors 5-9) with standard orientations typically achieve the strongest rental yields and fastest tenant placement, as they appeal to the broadest cross-section of potential renters without commanding premium pricing. Unit-specific factors such as facing direction, view obstruction by neighbouring structures, and proximity to services lift-lobbies should be assessed during physical inspection to optimise long-term value capture.

What is the future supply pipeline in the Telok Kurau and east coast district, and how might it affect property values?

Telok Kurau itself has been substantially developed over preceding decades, leaving minimal undeveloped residential land for new project launches. The Housing and Development Board (HDB) maintains strict planning controls over the district, and private residential development rights are extremely limited. This supply constraint is a structural positive for existing properties such as Le Conney Park, as scarcity dynamics support long-term capital appreciation. In the broader east coast precinct, limited new residential supply is expected, with most major sites already committed to commercial, mixed-use, or institutional development. Recent launches in the Marine Parade and Katong periphery have successfully absorbed demand at higher price points, indirectly validating the value proposition of established developments in Telok Kurau by demonstrating willingness to pay premium prices for east coast locations. The Urban Redevelopment Authority's masterplans for the eastern corridor focus on commercial and leisure development rather than residential intensification, suggesting that residential supply growth will remain muted relative to demand. This structural supply constraint, combined with the locality's maturity and proven appeal, creates a supportive environment for capital appreciation of well-positioned units such as this three-bedroom offering.

Le Conney Park 3BR Apartment S$1.9M Telok Kurau