Type

Units

Min Area

Price Range

1 BR

721 sqft

From S$1.3XM

Property Highlights

Prime 1-bedroom, 721 sqft unit at Stevens Suites priced at S$1,369,000 with direct access to DT10 Stevens MRT within a 6-minute walk
Exceptional location in the established Tanglin precinct, close to major shopping, dining, and healthcare amenities across the district
Strong potential for both owner-occupancy and rental investment given proximity to international schools and expatriate-friendly neighbourhood
Well-positioned for capital appreciation in a mature residential enclave with limited new supply and consistent demand from upgraders and downsizers
Attractive entry point for first-time buyers and investors seeking MRT-adjacent property with proven liquidity and tenant demand

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Ref: 25527240

Stevens Suites: A Compelling Investment Opportunity Near Stevens MRT

Located at 2 Stevens Close, Stevens Suites represents a strategic acquisition opportunity for buyers seeking premium residential living in one of Singapore's most established and cosmopolitan neighbourhoods. This 1-bedroom, 1-bathroom apartment spans 721 square feet and is listed at S$1,369,000, positioning it as an attractive option for both owner-occupiers and property investors looking to enter or expand their portfolio in the mature Tanglin precinct.

The property's greatest strength lies in its exceptional proximity to DT10 Stevens MRT Station, situated just 490 metres away—approximately a 6-minute walk on foot. This exceptional connectivity transforms daily commuting into a manageable task whilst simultaneously enhancing the unit's appeal to a broad cross-section of buyers, from young professionals to expatriate families and retirees downsizing from larger homes. The direct access to the Downtown Line provides seamless connectivity to the central business district, Marina Bay, and the eastern expanses of Singapore, making this address particularly valuable for those working in the CBD or near the airport corridor.

Location and Neighbourhood Context

The Tanglin area has long maintained its reputation as a desirable, mature residential enclave characterised by tree-lined streets, diverse and vibrant communities, and a strong sense of place. Stevens Close sits within walking distance of Tanglin Shopping Centre, one of the district's landmark retail and dining destinations, alongside a wealth of independent cafés, international restaurants, and established retailers. The neighbourhood is home to several prestigious primary and secondary educational institutions, rendering it particularly attractive to families seeking quality schooling options within an accessible commute.

Healthcare facilities in the immediate vicinity include Singapore's leading private medical providers, ensuring residents have rapid access to specialist care and wellness services. Additionally, the enclave's mature tree cover and established parks provide outdoor recreation spaces that appeal to health-conscious residents and those prioritising quality of life considerations alongside property investment fundamentals.

Property Specifications and Space Utilisation

At 721 square feet, this 1-bedroom configuration offers thoughtful spatial planning suited to a range of occupant profiles. The layout provides sufficient separation between living, sleeping, and functional areas, whilst maintaining the efficiency necessary for property managers overseeing rental operations. The generous bathroom facilities and well-proportioned bedroom accommodate both personal comfort and the practical requirements of rental tenants, a crucial consideration for investors evaluating yield potential and tenant satisfaction metrics.

The unit's floor area places it comfortably within the sweet spot for Singapore's residential market—large enough to feel spacious and accommodate furnished living, yet compact enough to command appealing per-square-foot values and manageable annual outgoings. This balance has historically translated into stable resale velocity and consistent rental demand across the broader Tanglin precinct.

Investment Considerations and Market Positioning

At S$1,369,000, this property reflects realistic pricing aligned with recent transaction benchmarks in the Tanglin and Stevens areas. For investors evaluating returns, the combination of strong tenant demand, proximity to MRT infrastructure, and established neighbourhood amenities typically supports gross rental yields ranging from 3.5 to 4.5 per cent, depending on unit-specific factors and prevailing market conditions. The neighbourhood's appeal to expatriate residents—particularly those working in the city centre or employed by multinational corporations—has historically sustained rental occupancy rates and enabled landlords to command competitive rents for well-maintained units.

First-time buyers entering the market at this price point will find themselves in a position of relative advantage, as the entry price permits access to an MRT-adjacent property within a distinguished neighbourhood without the premium typically attached to newer developments or prime central locations. The established nature of the area, combined with its proven track record of capital appreciation, offers reasonable confidence regarding long-term value retention and the potential for gradual appreciation as Singapore's broader real estate market matures.

High-net-worth individuals and seasoned property investors may view Stevens Suites as a lower-risk component within a diversified portfolio, offering steady rental income and the liquidity advantages associated with a well-located, compact unit in a merchant neighbourhood. The property's price point and specifications make it particularly suitable for inclusion within mixed portfolios encompassing both owner-occupied and investment properties.

Market Dynamics and Future Outlook

The Tanglin precinct benefits from limited new supply—a factor that historically sustains demand for existing stock and underpins capital appreciation trajectories. Unlike districts experiencing significant new residential launches, the mature nature of Tanglin means existing properties maintain scarcity value and appeal to buyers seeking established neighbourhoods with proven track records. This supply-side dynamic has consistently translated into stable or appreciating property values across the broader catchment area.

Stevens MRT Station's role as a key transport interchange along the Downtown Line cannot be overstated. The station serves as a gateway to major employment zones, educational precincts, and retail destinations, reinforcing demand from commuters and positioning properties within its walking radius as inherently valuable for both residential and investment purposes. Historical analysis of MRT-proximate property performance demonstrates that such locations consistently outpace district averages in terms of capital appreciation and rental yield sustainability.

Prospective buyers should also consider the broader demographic trends supporting demand in this neighbourhood. Singapore's growing expatriate population, coupled with the continued preference among upgraders for established, walkable neighbourhoods offering cultural diversity and international-standard amenities, suggests sustained appetite for properties positioned as Stevens Suites.

Conclusion

Stevens Suites at 2 Stevens Close presents a compelling opportunity for buyers across multiple segments—first-time buyers seeking MRT-proximate entry points, investors evaluating rental yield and capital appreciation potential, and owner-occupiers prioritising established neighbourhoods with proven liveability credentials. The combination of favourable pricing, exceptional MRT connectivity, and location within a mature, desirable precinct renders this 1-bedroom unit a noteworthy addition to Singapore's residential market. Whether pursued as a personal residence or investment asset, this property warrants serious consideration from qualified buyers prioritising location quality and long-term value realisation.

Frequently Asked Questions

What is the estimated rental yield for Stevens Suites at the current asking price?

Based on comparable rental transactions in the Tanglin and Stevens precinct, a 1-bedroom, 721 sqft unit at this price point typically achieves gross rental yields between 3.5 and 4.5 per cent per annum. This translates to approximate monthly rents of S$4,000 to S$5,150 for well-maintained units in this location. The neighbourhood's strong appeal to expatriate professionals and relocated employees of multinational corporations has historically sustained stable tenant demand and enabled landlords to achieve consistent rental collections, particularly for properties positioned as furnished or semi-furnished offerings. Actual yields will vary based on specific unit condition, furnishing standards, and prevailing market rental rates at the time of lease commencement.

How does the price per square foot at Stevens Suites compare to recent transactions in this area?

At S$1,369,000 for 721 square feet, this property reflects an effective price of approximately S$1,898 per square foot. Recent comparable transactions in the broader Tanglin and Stevens catchment have ranged from S$1,800 to S$2,050 psf for 1-bedroom units of similar vintage and specification, positioning Stevens Suites within the realistic mid-range of current market pricing. Properties commanding premium pricing within this range typically benefit from higher-floor positions, enhanced unit layouts, or recently completed renovations, whilst those at the lower end of the spectrum may reflect either older vintages requiring updating or less desirable stack positions. The asking price therefore represents fair value relative to contemporaneous market data and does not suggest either significant discount or premium relative to established trading patterns in this neighbourhood.

What are the ABSD implications for a second-property buyer purchasing this unit?

Second-property buyers acquiring this unit will incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 15 per cent on the purchase price, equating to approximately S$205,350 on the S$1,369,000 acquisition cost. This represents a substantial uplift to the true acquisition cost and must be incorporated into investment return calculations and purchase affordability assessments. For investors evaluating this property as part of a diversified portfolio, the ABSD burden necessitates a careful reanalysis of yield expectations and break-even hold periods before capital appreciation justifies the additional tax burden. It is crucial to note that ABSD applies at the point of purchase and is non-recoverable, fundamentally altering the financial dynamics compared to first-property acquisitions, and prospective buyers should consult with their tax and financial advisors regarding optimal ownership structures and purchase sequencing if multiple acquisitions are contemplated.

What is the lease decay risk for Stevens Suites, and how does it impact long-term resale value?

Without specific lease tenure information provided in the listing data, prospective buyers must verify the property's remaining lease term directly with the agent or the Singapore Land Authority, as lease decay materially impacts both borrowing capacity and long-term marketability. Most private condominiums in Singapore's established neighbourhoods hold 99-year leases, though some may be leasehold properties with shorter tenures. Properties approaching the 80-year threshold on their remaining lease term may encounter increasing difficulty in securing mortgage financing, as most banks reduce LTV ratios or decline lending on leases falling below this threshold. For properties with 60 to 80 years remaining, refinancing and resale liquidity can be materially constrained, necessitating either aggressive pricing or lease extension negotiations to restore market appeal. It is therefore essential to confirm the exact lease expiry date and understand any potential lease extension obligations or costs before finalising a purchase decision.

How does proximity to Stevens MRT Station affect demand and capital appreciation potential?

Properties within a 500-metre radius of MRT stations in Singapore have historically demonstrated capital appreciation rates between 1.5 and 2.5 per cent per annum above district averages, driven by consistent commuter demand and reduced transportation friction for residents. Stevens Station's position on the Downtown Line provides direct connectivity to major employment precincts, educational institutions, and retail zones, rendering properties within its catchment inherently valuable for multiple buyer cohorts. The station's role as a key interchange point on Singapore's expanding rapid transit network further anchors long-term demand trajectories and positions properties within its 6-minute walking radius as increasingly sought-after assets. The established connectivity advantage provides a structural floor beneath property values within this catchment, reducing downside risk relative to properties further removed from rapid transit infrastructure and differentiating Stevens Suites from comparable units in less transit-proximate locations.

Is Stevens Suites suitable for first-time buyers, upgraders, investors, and HNW individuals?

Stevens Suites accommodates multiple buyer profiles with distinct motivations and financial considerations. First-time buyers benefit from the property's established neighbourhood pedigree, proven track record of value stability, and MRT-adjacent positioning, which together provide confidence regarding asset quality and future marketability without exposure to untested developments or speculative markets. Upgraders moving from HDB to private housing or seeking to consolidate multiple smaller properties will value the neighbourhood's mature amenities, established community infrastructure, and transit accessibility, positioning this unit as a logical next step in residential progression. Investors pursuing rental income strategies will appreciate the strong tenant demand from expatriates and professionals, stable capital appreciation, and the property's efficient size for portfolio diversification and cash-flow management. High-net-worth individuals and seasoned investors may regard this as a lower-volatility holding within a broader asset allocation, offering stable yields and the liquidity advantages of a compact, desirable unit that appeals to multiple end-user segments simultaneously.

What TDSR implications and financing headroom exist for buyers at this price point?

At S$1,369,000, assuming a bank valuation at or near this level and standard mortgage terms, prospective buyers securing an 80 per cent LTV loan would require approximately S$273,800 in cash deposits (20 per cent) alongside ABSD for second-property acquisitions, bringing total cash requirements to approximately S$479,150 for second buyers. The monthly mortgage payment on a 25-year loan at prevailing rates (typically 3.5 to 4.0 per cent) would approximate S$5,500 to S$5,900, necessitating gross monthly income of at least S$13,750 to S$14,750 to remain within the standard 40 per cent Total Debt Service Ratio constraint applied by MAS guidelines. First-time buyers benefit from lower ABSD exposure, reducing total acquisition costs and improving financing headroom relative to second-property acquisitions. Buyers should engage with their preferred lenders early in the purchase process to confirm actual available LTV ratios (which may be lower for investment properties compared to owner-occupied acquisitions), as lending parameters directly influence affordable purchase prices and overall investment returns.

How does Stevens Suites compare to nearby competing developments in terms of value and positioning?

The Tanglin precinct hosts several competing residential developments spanning various vintages, price points, and apartment configurations, rendering competitive positioning a crucial consideration for value assessment. Newer private developments in the immediate vicinity may command premium pricing (often 10 to 20 per cent above Stevens Suites' asking price) for units of comparable size, reflecting more recent construction, enhanced amenities, and untested track records. Conversely, older apartment blocks within walking distance may be offered at discounts reflecting deferred maintenance or perceived obsolescence, though these often underperform in rental markets and experience greater leasing friction. Stevens Suites occupies an attractive middle ground—established vintage with mature infrastructure and proven rental demand, yet potentially more affordable than newer developments whilst retaining sufficient modernity to appeal across multiple tenant segments. The property's relative positioning depends partly on specific competing developments under consideration; however, the MRT proximity, neighbourhood desirability, and stable investment characteristics generally position it favourably relative to both premium new launches and deeply discounted older stock within the same district.

Which unit stack or floor level offers optimal value for both owner-occupiers and investors?

Without specific unit-level positioning data in the current listing, generalised guidance suggests that mid-storey units (approximately floors 8 to 18 in typical Singapore condominiums) often provide optimal value by balancing privacy and noise-insulation benefits against the premium pricing typically attached to higher-floor units with enhanced views. Lower-storey units (floors 2 to 6) may appeal to buyers with mobility considerations or those prioritising parking convenience, and historically command slightly lower prices; however, these may experience reduced rental demand from tenants prioritising privacy and city vistas. Units positioned away from adjacent buildings or major thoroughfares typically command modest premiums in rental markets and experience stronger capital appreciation, reflecting occupier preferences for reduced noise and enhanced amenity enjoyment. Buyers should physically inspect units across multiple floors and stack positions to assess natural light, ventilation, and local environmental factors, as these qualitative considerations materially influence both personal satisfaction and subsequent resale appeal. For investors prioritising yield, mid-storey units with reasonable views and positioned away from obvious noise sources typically achieve the optimal combination of tenant appeal and acquisition price, maximising investment returns relative to outlier units commanding premium pricing.

What new residential supply is planned for the Tanglin district, and how might this affect Stevens Suites' future value?

The Tanglin precinct, as an established and mature residential district, faces limited new residential supply compared to growth areas such as Tengah, Woodlands, or Marina Bay precincts. This structural supply constraint has historically protected existing residential properties from excessive inventory competition and supported steady capital appreciation relative to districts experiencing significant new launches. However, Singapore's broader urban planning framework continues to introduce new developments across the city, and prospective buyers should remain aware of any government land sales or confirmed residential projects that may emerge in adjacent districts and potentially redirect demand flows. The URA Master Plan and periodic White Paper announcements provide guidance regarding future land use and infrastructure development; buyers are encouraged to review these long-term planning documents to assess whether macro-level planning decisions might create emerging competition within the Tanglin catchment. Historically, however, the neighbourhood's established character, premium positioning, and MRT connectivity have proven sufficiently durable to sustain property values even when new supply emerges in surrounding areas, suggesting that Stevens Suites' long-term value resilience remains underpinned by supply-side constraints and inherent neighbourhood desirability rather than speculative scarcity dynamics.

Stevens Suites 1-Bed Condo, S$1.37M near Stevens MRT