Type

Units

Min Area

Price Range

3 BR

1927 sqft

S$3.2M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$3.2M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$636K on this acquisition.

Price Trends & Rental Yield

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The Azure: Waterfront Living on Ocean Drive

The Azure stands as a prominent residential development along Singapore's sought-after Ocean Drive, delivering contemporary luxury to discerning homebuyers and international investors. This condominium project represents a thoughtful blend of architectural refinement, premium amenities, and strategic positioning in a neighbourhood recognised for its blend of leisure, commerce, and residential appeal. Units within The Azure are priced from S$3.18 million, reflecting the premium attached to its waterfront location and quality of construction.

The development showcases a range of floor plans designed to accommodate diverse living requirements, from young professionals to established families and downsizers seeking refined urban living. Properties within The Azure feature layouts spanning approximately 1,927 square feet or more, with configurations typically including three bedrooms and three bathrooms. The breadth of available configurations means that prospective owners can select residences tailored to their specific spatial preferences and lifestyle needs.

Location and Connectivity

Positioned at 201 Ocean Drive, The Azure benefits from its waterfront setting in a neighbourhood that has matured into one of Singapore's most desirable residential precincts. The Ocean Drive locale offers proximity to recreational facilities, dining establishments, and retail amenities that enhance daily living. Residents enjoy easy access to key employment hubs and educational institutions, making the address appealing to working professionals and families balancing career and lifestyle considerations.

The transportation infrastructure surrounding The Azure supports seamless connectivity across the island. Commuting to the Central Business District, Changi Airport, and other major destinations is facilitated by well-established road networks and public transport links. This accessibility ensures that residents maintain flexibility in work arrangements, school drop-offs, and leisure pursuits without being constrained by geographical distance.

Amenities and Facilities

The Azure incorporates a comprehensive range of on-site amenities that extend living experiences beyond individual units. The development prioritises wellness and recreation through thoughtfully designed common spaces and facilities. Residents benefit from landscaped gardens, dedicated leisure areas, and recreational zones that encourage community interaction and outdoor activity. Swimming facilities, fitness centres, and multipurpose spaces cater to varied interests and fitness regimes.

Security and convenience are paramount, with 24-hour concierge services and controlled access points ensuring resident safety. Ample covered parking provisions accommodate multiple vehicles per unit, addressing practical needs of modern households. The development's design philosophy emphasises sustainability and contemporary living standards, with smart building systems enhancing operational efficiency and resident comfort throughout the complex.

Design and Build Quality

Each residence at The Azure reflects meticulous attention to interior finishes and material selection. Kitchens are outfitted with quality appliances and premium cabinetry, whilst bathrooms feature modern fixtures and durable surfaces built to withstand tropical climate demands. Large windows and balconies maximise natural light and ventilation, creating airy living spaces that take advantage of Ocean Drive's waterfront setting.

The structural design of The Azure employs contemporary building techniques and safety standards, ensuring durability and low-maintenance requirements for long-term residents. Building materials have been selected for their resistance to humidity and salt-laden air characteristic of waterfront environments, protecting investments against premature deterioration.

Investment Potential and Market Position

The Azure appeals to both owner-occupiers and property investors seeking exposure to Singapore's premium residential market. Waterfront locations command sustained demand and price premiums, supported by limited supply of comparable addresses and consistent capital appreciation trends. The condominium's positioning attracts affluent owner-occupiers who prioritise lifestyle quality and location prestige, creating a stable demand base that supports long-term value retention.

For investors, the development's location and specification appeal to both local buyers and international purchasers attracted to Singapore's stability and developed infrastructure. The diversity of unit configurations allows investors to tailor acquisitions to rental market preferences, whether targeting executive rentals or family-focused tenants. Proximity to business districts and quality schools sustains rental demand throughout economic cycles.

Neighbourhood Character and Future Development

The Ocean Drive area continues to evolve as a premium residential and leisure destination, with ongoing improvements to public spaces and local amenities. The neighbourhood's established character and restricted development pipeline contribute to the scarcity value of residential offerings, supporting property values over extended ownership periods. Local planning policies protect the area's residential integrity, minimising risk of incompatible commercial encroachment or overdevelopment.

The Azure's position within this maturing neighbourhood positions residents to benefit from ongoing area enhancements whilst maintaining the tranquility and exclusivity that characterise Singapore's most sought-after addresses. Future infrastructure improvements and complementary residential offerings in adjacent precincts are expected to reinforce the area's desirability.

Ownership Considerations

Prospective purchasers should engage qualified conveyancing professionals to clarify tenure, lease duration, and any encumbrances affecting the property. Buyers' obligations under the condominium's management corporation by-laws require review prior to acquisition. Understanding annual maintenance contributions, sinking fund obligations, and any planned capital works ensures informed decision-making regarding total cost of ownership.

The Azure represents a compelling offering for those seeking premium waterfront living within Singapore's well-regulated and transparent property market. Its combination of location prestige, architectural quality, and comprehensive amenities positions it favourably within the luxury residential sector.

Frequently Asked Questions

What is the estimated rental yield for units at The Azure if purchased as an investment property?

Rental yields across luxury waterfront developments in Singapore's premium segments typically range from 2% to 3.5% gross annually, depending on unit configuration, lease tenure, and prevailing market conditions. The Azure's strategic positioning on Ocean Drive and proximity to central business districts support consistent demand from expatriate executives and affluent local tenants seeking furnished or serviced accommodation. Investors should evaluate specific unit floor plates, orientation, and balcony dimensions when projecting rental competitiveness, as larger units and those with superior views command premium rental rates. Engaging specialist property managers familiar with the luxury rental market helps optimise occupancy rates and rental income, with gross yields potentially reaching the upper end of the spectrum for well-appointed units in high-demand configurations.

How does The Azure's pricing per square foot compare to recent transactions in the Ocean Drive area?

Pricing at The Azure, ranging from S$3.18 million for approximately 1,927 square feet, translates to a per-square-foot value of approximately S$1,650 to S$1,700 depending on exact unit size and configuration. This pricing is positioned competitively within the Ocean Drive waterfront segment, which has seen recent transactions clustering in the S$1,550 to S$1,800 psf range for comparable freehold or long-lease properties with modern finishes and full amenity packages. Variations in pricing across recent transactions reflect differences in floor level, orientation, balcony dimensions, and proximity to lift cores, with higher floors and unobstructed views commanding premiums. The Azure's competitive positioning reflects its contemporary specifications, comprehensive facilities, and the inherent scarcity value attached to waterfront locations in this established and restricted development area.

What is the Additional Buyer's Stamp Duty impact for a Singapore Citizen purchasing The Azure as a second property?

Singapore Citizens purchasing The Azure as a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price, payable at the point of legal completion. For a unit priced at S$3.18 million, ABSD liability would therefore total approximately S$636,000, representing a significant cost component that must be factored into total acquisition costs and funding arrangements. This duty is distinct from the standard Buyer's Stamp Duty payable by all purchasers, and represents a material financial obligation that impacts return-on-investment calculations for investor-purchasers. Buyers should engage qualified tax advisors to explore any potential exemptions or concessional rates applicable to specific personal circumstances, such as concurrent sale of existing property or specific family situations, prior to committing to purchase.

What lease tenure and decay risk apply to units at The Azure, and how might this affect resale value?

The specific lease tenure applicable to The Azure (whether 99 years, 999 years, or Freehold) materially influences long-term capital preservation and resale demand characteristics. Properties with remaining lease durations below 75 years historically experience accelerated value diminution, as financing availability contracts and buyer pools shrink. The Azure's positioning as a contemporary premium development suggests potentially favourable lease provisions that protect against near-term lease decay concerns. Purchasers must verify the precise tenure and any en-bloc collective sale provisions within the development's constitutional documents, as these factors significantly influence long-term value trajectories and exit optionality. Waterfront properties command persistent demand even with declining lease terms, though shorter leases will eventually necessitate legislative intervention or voluntary surrender arrangements to maintain investment viability.

How does proximity to the nearest MRT station influence demand and capital appreciation for The Azure?

The Azure's accessibility to Singapore's Mass Rapid Transit network directly correlates with end-user demand and investor appeal, as MRT proximity reduces commute times and increases property desirability amongst working professionals and international assignees. Locations within 400-500 metres of established MRT stations typically command 8-15% valuation premiums relative to comparable properties situated 1-2 kilometres away, reflecting reduced reliance on private vehicle ownership and enhanced lease-to-sale conversion rates. The specific MRT line serving Ocean Drive and The Azure's walkability characteristics determine the proportion of buyers willing to utilise public transport versus private vehicles, directly impacting tenant-quality expectations and pricing resilience during economic downturns. Properties benefiting from multi-line MRT connectivity or proximity to transport interchanges experience more robust capital appreciation as commuter populations shift toward lower-cost, environmentally sustainable transport alternatives, making MRT accessibility an increasingly critical value driver in premium residential market segments.

Which buyer profiles—HNW individuals, upgraders, first-time buyers, or investors—is The Azure best suited for?

The Azure's pricing from S$3.18 million and contemporary specifications position it optimally for High Net Worth individuals seeking premium waterfront living with established capital preservation prospects, and for established owner-occupiers upgrading from smaller properties who value location prestige and integrated amenities. The development's scale and amenity breadth appeal to family-focused upgraders transitioning from smaller apartments or landed properties, offering lifestyle enhancements such as integrated concierge services and recreational facilities. First-time buyers with significant accumulated capital and established incomes find The Azure suitable for securing long-term investment stability in Singapore's premium residential segment, though the ABSD obligations on second-property purchases make this less accessible for investors holding existing properties. Professional investors targeting the luxury rental market perceive strong occupancy stability and rental rate protection through The Azure's positioning amongst affluent tenant populations, though the high entry capital requirements and ABSD burden necessitate rigorous yield-analysis prior to commitment.

What TDSR and financing headroom can buyers expect at The Azure's typical pricing levels?

For a property priced at S$3.18 million financed through a standard residential mortgage, total debt servicing commitments must remain below 60% of gross monthly income under prevailing Total Debt Servicing Ratio (TDSR) guidelines administered by the Monetary Authority of Singapore. This constraint typically requires purchasers to evidence gross monthly household income of approximately S$28,000 to S$30,000 to qualify for 70-75% loan-to-value financing, translating to required household annual income levels exceeding S$340,000. Significant proportion of buyers at The Azure's price point self-finance entirely or provide very substantial down-payments, reducing reliance on TDSR calculations and freeing capital for alternative investments. Financing headroom varies substantially based on existing debt servicing obligations, spousal income inclusion, and employment stability documentation; purchasers with flexible income sources or substantial existing liabilities face stricter assessment criteria. Engagement of mortgage brokers familiar with private-bank financing options can occasionally expand borrowing capacity for qualified purchasers, though premium property financing increasingly relies on cash settlement amongst this buyer demographic.

How does The Azure compare to nearby competing developments in specifications and value positioning?

The Azure competes within Singapore's premium waterfront residential segment against established developments offering comparable specifications, amenity breadth, and location prestige. Direct competitors in the Ocean Drive area and adjacent waterfront precincts typically command similar or marginally higher per-square-foot pricing, reflecting differentiation in architectural heritage, leasehold versus freehold tenure, and specific amenity compositions. The Azure's contemporary construction standards and integrated facilities package position it competitively against aging competitor developments undergoing major refurbishment programmes, offering modern systems and maintenance-cost efficiency advantages. Comparative analysis of rental yield potential and occupancy patterns across nearby developments indicates relatively homogeneous performance, suggesting that location prestige and individual unit characteristics drive valuation differentiation more significantly than development-level competitive factors. Prospective buyers should conduct detailed site visits across competing offerings to evaluate subjective amenity preferences and identify development-specific characteristics influencing personal suitability and long-term satisfaction.

What unit stack levels or floor orientations offer optimal value and capital appreciation potential at The Azure?

Mid-level units (typically floors 10-20) at The Azure often represent optimal value propositions, offering elevation sufficient for enhanced views and natural light whilst avoiding the premium pricing commanded by penthouses and very high floors, and maintaining accessibility for elderly residents or those with mobility considerations. Units with eastern or northern orientations typically command modest price advantages relative to western-facing alternatives in tropical climates, as they minimise afternoon solar heat gain and reduce air-conditioning energy consumption, though personal preferences for sunset views versus morning light vary substantially by individual purchaser. Corner units and those with extended balcony dimensions command valuation premiums of 5-8% relative to comparable interior units, as they maximise private outdoor space and dual-aspect natural ventilation. Lower-floor units (ground to 5th floors) often present exceptional value for investors targeting family-rental segments, as tenants with young children prefer ground-level access to play areas and garden facilities, potentially supporting enhanced rental rates despite modest capital appreciation prospects. Careful site inspection and review of comparative sales across available floor plates enables identification of specific units offering superior risk-adjusted returns relative to development-wide asking prices.

What is the future supply pipeline for residential developments in this district, and how might new supply affect The Azure's value appreciation?

The Ocean Drive area and surrounding waterfront precincts maintain restricted development potential due to established low-density zoning and conservation considerations, ensuring that future residential supply remains substantially constrained and protective of existing asset values. Unlike suburban growth corridors experiencing significant new apartment launches, waterfront-district supply is governed by selective En Bloc redevelopment and limited Government Land Sales opportunities, historically resulting in new supply introduction at rates below demand growth. The structural scarcity of waterfront residential opportunities means The Azure benefits from supply-side protections that sustain valuation support, as new competing properties remain few and typically comprise established developments undergoing en-bloc transitions or conservation-sensitive redevelopments. While new residential supply may emerge in adjacent secondary precincts slightly further inland, such supply-pipeline expansion does not directly compete with The Azure's waterfront positioning and tends to support area-wide amenity development and infrastructure enhancement. Property investors and owner-occupiers can therefore anticipate persistent capital preservation prospects at The Azure, supported by organic demand growth from rising affluence and limited expansion of comparable waterfront inventory across Singapore.

The Azure At 201 Ocean Drive — From S$3.2M