Type

Units

Min Area

Price Range

2 BR

1012 sqft

From S$2.6XM

Property Highlights

Two-bedroom, two-bathroom residence spanning 1,012 sqft at competitive pricing
Exceptional proximity to Katong Park MRT Station—just 200 metres away
Located on Meyer Road in a well-established Katong neighbourhood
Offers both owner-occupancy appeal and investment potential
Direct access to quality transport links and local amenities

Interested in this property?

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

Ref: 500021973

The Belvedere: Sophisticated Katong Living at Meyer Road

The Belvedere stands as a compelling residential offering in one of Singapore's most sought-after eastern districts. Positioned at 53 Meyer Road, this two-bedroom, two-bathroom condominium presents 1,012 square feet of thoughtfully designed space, priced at S$2,688,000. For discerning buyers seeking a home that balances lifestyle, connectivity, and investment merit, this property merits serious consideration.

Unbeatable Connectivity to Katong Park MRT

One of the property's most commanding advantages lies in its proximity to Katong Park MRT Station on the Thomson-East Coast Line. Situated merely 200 metres—approximately a two-minute walk—from the station, residents enjoy seamless access to Singapore's modern rail network without reliance on private transport or ride-hailing services. This strategic positioning transforms daily commuting into a straightforward proposition, whether your workplace is in the Central Business District, Marina Bay, or elsewhere along the TEL corridor.

The Thomson-East Coast Line itself represents a modern addition to Singapore's transport infrastructure, designed with efficiency and frequency at its core. For professionals working in Paya Lebar, Serangoon, or points further north, this station delivers rapid transit connections. The line's integration with other MRT networks at key junctions means worldwide access across the island becomes effortless, a factor that historically correlates with sustained property value appreciation in catchment areas.

Meyer Road: An Established Katong Locality

Meyer Road occupies a distinguished position within Katong, a neighbourhood celebrated for its architectural heritage, culinary reputation, and stable residential character. The area has evolved into a mature suburban pocket where family homes, heritage shophouses, and modern residential developments coexist harmoniously. Residents benefit from the neighbourhood's blend of tradition and contemporary convenience—local markets, cafes, and dining establishments sit alongside newer commercial spaces serving everyday needs.

The Katong locale has consistently demonstrated resilience in the property market, driven partly by its cultural significance and the demographic stability of long-term residents. Buyers choosing this area typically prioritise authentic neighbourhood character over sprawling new townships, making it particularly attractive to those seeking a genuine sense of community rather than transient residential quarters.

Understanding the Space and Layout

At 1,012 square feet, The Belvedere's floor plan offers practical room dimensions without excessive common area waste. For a two-bedroom, two-bathroom unit, this configuration suggests thoughtful space allocation—bedrooms likely benefit from adequate square meterage, whilst the inclusion of two separate bathrooms addresses the modern expectation of ensuite facilities or guest bathroom separation. Living, dining, and kitchen areas would typically enjoy open-plan or well-connected proportions at this size, facilitating both daily living and entertaining.

The dual-bathroom arrangement particularly appeals to multi-generational households, couples with distinct schedules, or those accommodating regular guests. This practical feature reduces morning logistical pressures and contributes positively to the unit's rental appeal should investment purposes come into play later.

Price Point and Market Context

The asking price of S$2,688,000 positions this property within a defined market segment—above entry-level first-time buyer territory, yet below the luxury penthouses and expansive four-bedroom residences that command premium positioning. This mid-to-upper market placement reflects the unit size, location maturity, and the specific advantages Katong offers. Prospective buyers in this price bracket typically possess concrete purchasing power and defined investment rationales, whether acquiring a primary residence, upgrading from a smaller property, or diversifying investment portfolios through real estate.

When evaluated on a per-square-foot basis, this pricing aligns with recent market movements in the eastern corridor. Comparable transactions in adjacent addresses and similar-era developments suggest the price reflects current market sentiment for this location and specification. Buyers should nevertheless conduct comparative analysis across the broader Katong and East Coast precinct to validate pricing relative to alternative opportunities in the same district.

Investment Characteristics and Rental Potential

From an investment perspective, The Belvedere's location adjacent to a modern MRT station enhances its appeal to the rental market. Young professionals, expatriate families, and relocation executives typically prioritise proximity to reliable public transport, making the two-minute walk to Katong Park MRT Station a significant drawcard. Two-bedroom units in well-established neighbourhoods with MRT access historically achieve steady rental demand, particularly when the property offers contemporary finishes and functional layouts.

The rental market for two-bedroom, two-bathroom units in the eastern corridor has demonstrated relative stability over property cycles. Whilst yields naturally fluctuate with broader economic conditions, Katong's demographic profile—comprising established residents, young families, and professionals—underpins consistent tenant interest. Investors should model realistic assumptions based on current market rents rather than historical peaks, ensuring conservative forecasting and genuine due diligence.

Neighbourhood Amenities and Lifestyle

Beyond transport connectivity, Katong offers residents a distinctive lifestyle proposition. The neighbourhood's close proximity to parks, schools, and established retail destinations creates a self-contained living environment. Residents enjoy walkable access to essential services without the artificial density of central locations, yet retain the convenience that modern urban living demands. The area's food scene—ranging from traditional hawker establishments to contemporary dining venues—adds a cultural dimension that appeals to those who value authentic local experience.

For families, the neighbourhood's school catchments and recreational facilities present practical advantages. Retirees benefit from the established, quieter character, whilst working professionals appreciate the balanced pace that respects both livability and connectivity. This demographic diversity contributes to the neighbourhood's stability and community resilience.

Acquisition Considerations for Different Buyer Profiles

First-time buyers with adequate financing capacity may find The Belvedere appropriate if their needs align with two-bedroom living and they prioritise MRT connectivity over expanded square footage. Upgraders moving from HDB flats or smaller condominiums will appreciate the additional space and bathroom configuration, alongside the mature neighbourhood character. Investors assessing portfolio diversification through eastern corridor property will recognise the rental appeal and MRT advantage. High-net-worth individuals seeking secondary residences or diversified holdings may view this property as a complementary addition to broader portfolios, particularly if seeking something more authentic than gleaming new developments.

Each buyer profile carries distinct priorities and decision frameworks. Prospective purchasers should articulate their primary objectives—owner-occupancy with long-term residence, investment income generation, or capital appreciation through market cycles—before proceeding with detailed due diligence and valuation assessment.

Financing and TDSR Framework

At the S$2,688,000 price point, prospective buyers should anticipate financing amounts in the region of S$1,800,000 to S$2,100,000, depending on deposit contributions and loan-to-value ratios offered by individual banks. Current interest rate environments and individual creditworthiness will influence the quantum of monthly servicing obligations. Total Debt Service Ratio calculations become increasingly relevant at this price bracket, particularly for buyers with existing mortgage obligations or other long-term debt commitments. Professional financial advisors can model precise TDSR headroom based on individual income profiles and bank-specific lending policies.

Market Positioning and Future Outlook

Katong's position within Singapore's eastern growth corridor suggests the neighbourhood will benefit from ongoing infrastructure refinement and commercial development. The Thomson-East Coast Line's integration into existing networks may drive incremental property value uplift as the line matures and commuter familiarity increases. Buyers acquiring now potentially benefit from this maturation cycle, though property market movements remain subject to broader economic variables and policy shifts beyond neighbourhood-specific factors.

The completion of major infrastructure projects within the wider East Coast region could yield positive spillover effects for residential values in established locales like Katong. Conversely, any significant new residential supply entering nearby locations might moderate appreciation rates or create competitive pricing pressures. Long-term buyers should factor these possibilities into their decision frameworks whilst acknowledging that property investment inherently carries risks alongside opportunities.

Frequently Asked Questions

What estimated rental yield might an investor expect from purchasing The Belvedere?

Estimated gross rental yields for two-bedroom, two-bathroom units in Katong with direct MRT station proximity typically range between 2.5% and 3.5%, depending on prevailing market rents and individual tenant sourcing effectiveness. At a purchase price of S$2,688,000, this suggests potential annual rental income in the region of S$67,000 to S$94,000, though such figures assume consistent occupancy and realistic market rents rather than inflated assumptions. Investors should conduct specific market research by engaging local property managers or reviewing comparable rental listings within the Meyer Road and immediate Katong area to derive personalised yield projections aligned with current conditions rather than historical averages.

How does The Belvedere's price per square foot compare to recent transactions in eastern Singapore?

The Belvedere's asking price of S$2,688,000 for 1,012 square feet equates to approximately S$2,655 per square foot, a figure that aligns with recent market movements for two-bedroom, two-bathroom units in the Katong and East Coast corridor. This price per square foot reflects current market sentiment for properties in established neighbourhoods with moderate age and good transport connectivity, though comparisons should account for specific finishes, amenities, and individual unit orientation. Recent transactions in nearby developments and addresses suggest this pricing sits within the realistic market range, though buyers should engage professional valuations to confirm alignment with their own assessment of local conditions and comparable benchmarks.

What Additional Buyer's Stamp Duty implications apply to The Belvedere for second-property purchasers?

Second property buyers at the S$2,688,000 price point will incur Additional Buyer's Stamp Duty at a rate of 5% on the purchase price, equating to approximately S$134,400 in ABSD liability. This duty is payable on completion and represents a significant acquisition cost that buyers must factor into their financing calculations and overall capital requirement. First-time buyers, conversely, benefit from exemption from ABSD, whilst third and subsequent property buyers face progressively higher rates. Prospective investors and upgraders should incorporate ABSD calculations into their acquisition budgets, as this represents a material outlay distinct from the purchase price itself and affects the effective cost of ownership.

What is the remaining lease tenure and how might lease decay affect resale value?

The Belvedere's lease tenure information is not explicitly stated in available property details, requiring prospective buyers to request this critical information directly from the seller's legal representatives. For properties in the Katong area constructed in recent decades, lease tenures of 99 years are typical, though some developments may have originated from earlier land grants with different terms. Should the lease tenure fall below 85 years, banks may impose lending restrictions, and resale marketability could diminish as successive owners inherit progressively shorter tenures. Buyers should conduct comprehensive lease tenure verification as part of their due diligence, recognising that properties with shorter remaining leases may experience capital value depression relative to fresh-lease counterparts, particularly as tenure decays toward the 50-year threshold where traditional market appetite typically weakens materially.

How does proximity to Katong Park MRT Station influence property demand and capital appreciation?

Proximity to functional MRT stations correlates strongly with sustained property demand across Singapore's residential market, as commuting convenience directly impacts household utility and buyer willingness to pay. The Belvedere's position 200 metres from Katong Park MRT Station places it within the premium accessibility bracket, making it attractive to time-conscious professionals, families managing multiple schedules, and investors seeking rental appeal. Historically, properties within 400-metre radius of MRT stations demonstrate superior capital appreciation relative to car-dependent locations, though appreciation rates vary with broader economic cycles and supply dynamics within specific catchments. The Thomson-East Coast Line's youth as infrastructure (relative to older MRT lines) suggests potential for enhanced demand maturation as commuter familiarity and frequency optimisation progress, potentially favouring current buyers who secure properties before broad-market recognition of the corridor's convenience advantages fully crystallises in pricing.

Is The Belvedere equally suitable for first-time buyers, upgraders, investors, and high-net-worth individuals?

The Belvedere caters to distinct buyer archetypes, each with different priorities and considerations. First-time buyers with adequate financing will appreciate the two-bedroom layout and transport connectivity, though they should ensure their TDSR and loan eligibility support the S$2,688,000 quantum without excessive leverage. Upgraders moving from HDB flats or smaller condominiums will value the additional bathroom and mature neighbourhood character, positioning this property as a logical progression rather than an aspirational leap. Investors targeting rental income will recognise the MRT advantage and two-bedroom configuration as attractive to tenants, though rental yields require realistic modelling against purchase price. High-net-worth individuals may view this property as a secondary residence or diversified holding within a broader portfolio, prioritising neighbourhood authenticity and established character over flagship new developments, though capital appreciation may not align with their return expectations relative to premium locations. Each profile should articulate their specific objectives before proceeding.

What TDSR headroom and financing capacity should buyers anticipate at this S$2.688M price point?

At the S$2,688,000 purchase price, buyers typically require financing of S$1,800,000 to S$2,100,000 (assuming 20% to 30% cash deposits), translating to approximate monthly loan servicing of S$9,000 to S$13,500 depending on individual interest rates and loan tenor selected. Total Debt Service Ratio calculations at this level become materially relevant, particularly given current banking convention of limiting TDSR to 55% to 60% of gross monthly income. This implies minimum household incomes in the region of S$15,000 to S$24,500 monthly to satisfy TDSR constraints without excessive leverage, with specific requirements varying by individual bank policies and applicant credit profiles. Buyers with existing mortgage obligations or other long-term debt will face tighter TDSR headroom, potentially requiring higher income thresholds. Prospective purchasers should engage mortgage brokers or bank representatives early to confirm individual financing capacity and TDSR headroom before committing to purchase processes.

How does The Belvedere compare to competing two-bedroom developments in nearby Katong and East Coast locations?

The Katong and East Coast corridor accommodates numerous residential developments spanning different vintages, price points, and specifications, creating a competitive marketplace where comparative analysis is essential. Properties within the immediate Katong precinct—including nearby condominiums, converted shophouses, and newer developments—offer alternative options with varying trade-offs between age, amenities, and location premium. Some competing developments may offer expanded communal facilities or newer finishes, potentially justifying modest price premiums, whilst others in the same price corridor may present inferior MRT connectivity or less mature neighbourhood character. The Belvedere's specific advantages centre on direct Katong Park MRT proximity, established neighbourhood stability, and two-bathroom convenience, though prospective buyers should visit competing properties and analyse comparative pricing on a per-square-foot basis to confirm competitive positioning. Professional property consultants can facilitate detailed benchmarking against specific rival properties identified during the buyer's consideration process.

Which unit stack positions or floor levels typically offer superior value within two-bedroom, two-bathroom configurations?

Within condominium developments, unit positioning materially influences appeal and perceived value, though individual preferences create variance in what constitutes 'superior' positioning. Lower-floor units (typically levels 3 to 8) often command modest premiums for accessibility and reduced elevator waiting, particularly for families with young children or elderly residents, though ground-proximate units may suffer from noise and reduced privacy relative to mid-range levels. Mid-stack units (typically levels 10 to 20) historically balance privacy, views, and escape from ground-level disturbances, often representing the efficiency sweet spot within two-bedroom typologies where reduced square footage benefits from less premium pricing than premium-floor positions. Higher-floor units traditionally command valuation premiums reflecting superior views, privacy, and perceived prestige, though these premiums may compress in price per square foot relative to mid-stack when accounting for total acquisition cost. Prospective buyers should inspect specific units within The Belvedere across different stacks before proceeding, recognising that individual orientation (corner versus intermediate), aspect (north-south-east-west), and views may override generic floor-level assumptions in creating actual investment merit.

What future residential supply pipeline exists in the Katong and East Coast districts that might influence long-term appreciation?

Singapore's eastern corridor, including the Katong and East Coast precincts, faces varying future supply dynamics influenced by governmental planning, land availability, and estate refreshment initiatives. The Urban Redevelopment Authority's long-term planning identifies select pockets within East Coast for potential intensification or regeneration, though specific timelines and supply quantum remain subject to policy evolution and market conditions. The Katong Conservation Area, which encompasses parts of Meyer Road's immediate vicinity, faces restrictions on intensive redevelopment, potentially protecting existing character and limiting new supply competition—a factor favouring long-term value stability for properties like The Belvedere within protected boundaries. Conversely, adjacent non-conservation areas may experience gradual housing supply increases as aging estates refresh or government land parcel releases materialise, potentially moderating appreciation rates in surrounding non-protected properties. Buyers should research Urban Redevelopment Authority master plans and Katong Conservation Area boundaries to understand how future supply pipelines might influence neighbourhood dynamics and competitive positioning over multi-decade ownership horizons.

The Belvedere Meyer Road: 2BR Condo S$2.68M Near Katong