Type

Units

Min Area

Price Range

2 BR

775 sqft

S$5,200

Type

Units

Min Area

Price Range

2 BR

775 sqft

S$5,200/mo

Property Highlights

Condo development with 2 units currently available.
Prices currently start from S$5,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,040 on this acquisition.
50% of current units are for sale, from S$5,200; 50% are for rent, from S$5,200/mo.
Located 4 min (350 m) from DT18 Telok Ayer MRT Station.

Price Trends & Rental Yield

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The Clift: Sophisticated Urban Living in Telok Ayer

The Clift represents a distinctive residential proposition in one of Singapore's most dynamic neighbourhoods. Positioned at 21 McCallum Street, this development captures the essence of central-city living whilst maintaining proximity to world-class transport connectivity. The project draws its appeal from its location within the Telok Ayer precinct, an area undergoing sustained revitalisation that blends heritage character with contemporary amenities and commercial vitality.

Situated merely 350 metres from Telok Ayer MRT Station on the Downtown Line (DT18), residents benefit from seamless connectivity across Singapore's transport network. This proximity to a major interchange transforms commuting patterns, making The Clift an attractive choice for professionals working across the Central Business District, Marina Bay, and beyond. The walkable distance to the station—approximately four minutes on foot—encourages active, car-light living and positions the development within one of the island's most well-serviced transit corridors.

Location and Neighbourhood Character

The McCallum Street address places The Clift at the intersection of heritage preservation and urban renewal. Telok Ayer has evolved from its historical roots as a trading port into a mixed-use quarter characterised by shophouse conservation, independent restaurants, craft breweries, and emerging tech and creative enterprises. This neighbourhood composition attracts a diverse resident base spanning young professionals, entrepreneurs, and established families seeking alternative urban lifestyles beyond the typical suburban model.

The immediate vicinity encompasses some of Singapore's most celebrated dining establishments, independent retail spaces, and cultural landmarks. Residents enjoy walkable access to conservation areas, art galleries, and curated retail experiences that differentiate Telok Ayer from conventional residential zones. The precinct's ongoing development—including the expansion of nearby business parks and mixed-use towers—suggests sustained long-term appreciation in the area's desirability and economic fundamentals.

Apartment Design and Specifications

Units at The Clift feature considered floor plans designed for contemporary living standards. The development offers thoughtfully proportioned apartments spanning approximately 775 square feet, providing ample space for comfortable day-to-day living and entertaining. Each unit incorporates modern fittings and finishes that reflect current design preferences amongst discerning Singapore buyers and renters alike. The combination of spatial generosity and quality specification creates compelling value propositions across different buyer demographics.

The development's mix of unit typologies—ranging across different bedroom configurations—ensures versatility for diverse household compositions and investment strategies. This spectrum of options enables both owner-occupiers and portfolio investors to identify units aligned with specific lifestyle requirements or rental yield objectives. The architectural approach emphasises functional layouts that maximise usable living area whilst incorporating contemporary creature comforts including air conditioning systems, efficient water provisioning, and durable interior materials.

Investment Potential and Rental Market

The Clift's location within central Singapore positions the development advantageously within the rental market. Telok Ayer's growing reputation as a lifestyle and employment destination drives consistent tenant enquiry, particularly amongst expatriate professionals and young urban workers seeking CBD-proximate accommodation. The area's limited housing stock relative to employment nodes reinforces rental demand resilience, making The Clift an appealing proposition for investors building residential portfolios.

Pricing across The Clift's available units remains competitive relative to comparable developments in similarly positioned locations. The project's per-square-foot valuation reflects both its proximity to premium transport infrastructure and the neighbourhood's progressive socio-economic trajectory. Prospective purchasers should evaluate their investment timeline and desired rental yield alongside broader portfolio diversification objectives when assessing acquisition suitability.

Transport Connectivity and Urban Integration

Beyond its immediate MRT access, The Clift benefits from Singapore's comprehensive public transport ecosystem. Bus routes serving the McCallum Street corridor provide additional flexibility for journeys across the island, whilst the Downtown Line connection ensures direct access to major employment centres at Marina Bay, Raffles Place, and beyond. This multi-modal transport advantage reduces dependency on private vehicles and supports sustainable living patterns increasingly valued by affluent Singapore households.

The development's position within the Central Business District perimeter—yet removed from the highest-density commercial zones—offers a thoughtful balance. Residents access employment opportunities, dining, and entertainment within manageable distances whilst benefiting from lower noise and congestion levels compared to more intensively developed quarters. This positioning appeals particularly to households prioritising work-life equilibrium and neighbourhood quality-of-life factors.

Market Context and Acquisition Considerations

Prospective buyers evaluating The Clift should contextualise their acquisition decision within current Singapore property market dynamics. The development's per-square-foot pricing reflects both site-specific advantages and prevailing valuation trends across comparable central-location developments. First-time buyers, upgraders, and investors each encounter different considerations—ranging from financing accessibility through to capital appreciation horizons and tax implications—requiring individualised evaluation against personal investment objectives.

Additional Buyer's Stamp Duty considerations apply specifically to second-property acquisitions by Singapore Citizens, currently levied at 20% of the purchase price in addition to standard conveyancing costs. This materially affects total acquisition costs for portfolio investors and warrants careful financial modelling prior to commitment. Similarly, financing arrangements through the CPF Ordinary Account or bank mortgages should be assessed against individual circumstances, treasury availability, and broader wealth management strategies.

Future Outlook and Area Development

The Telok Ayer precinct continues attracting significant development interest from both private developers and urban planners focused on mixed-use regeneration. Nearby commercial and residential projects in planning or construction phases suggest sustained momentum in neighbourhood desirability and economic vitality. This forward momentum, combined with The Clift's strong transport fundamentals, supports positive long-term capital appreciation outlooks for current purchasers maintaining holdings through market cycles.

The development represents a compelling choice for purchasers prioritising location quality, transport convenience, and neighbourhood character over periphery-based alternatives. Whether acquired for owner-occupancy or investment purposes, The Clift's positioning within Singapore's evolving urban landscape suggests enduring appeal and value retention capabilities across planning horizons.

Frequently Asked Questions

What rental yield might be expected from a purchase at The Clift for investment purposes?

The Clift's location within central Telok Ayer positions it favourably for rental income generation, particularly given strong tenant demand from expatriate professionals and young urban workers seeking CBD-proximate accommodation. Based on comparable central-location developments and current market rental rates for apartments of similar specification, gross rental yields typically range between 3.5% and 4.5% depending on specific unit configuration, floor level, and orientation. Net yields following management costs, maintenance reserves, and property tax would be modestly lower, typically between 2.5% and 3.5%, though individual outcomes vary according to tenant profile, lease duration negotiated, and overall portfolio tax efficiency strategies adopted by the investor.

How does The Clift's per-square-foot pricing compare to recent transactions in Telok Ayer and surrounding central locations?

The Clift's per-square-foot valuation reflects current market fundamentals for centrally-positioned apartment developments with strong transport infrastructure. Recent comparable transactions in nearby Telok Ayer and adjacent precincts such as Outram Park and Keong Saik Road have demonstrated per-square-foot values ranging broadly depending on unit size and condition, with modern, well-appointed apartments commanding premiums reflective of ongoing neighbourhood revitalisation and MRT proximity benefits. The development's pricing strategy reflects both site-specific advantages—including the four-minute walk to DT18 and the precinct's reputation for lifestyle amenities—and prevailing market sentiment regarding central-location acquisition costs, positioning it competitively within its peer set of newly-available or recently-completed projects.

What are the Additional Buyer's Stamp Duty implications for Singapore Citizens purchasing at The Clift as a second residential property?

Singapore Citizens acquiring The Clift as a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20% of the purchase price, applied on top of standard stamp duty and conveyancing costs. For a property acquired at S$1 million, for example, the ABSD component would total S$200,000, substantially increasing overall acquisition costs and requiring careful financial planning. This duty structure materially impacts investment returns and total capital deployed, and warrants detailed consultation with tax advisors prior to acquisition to ensure comprehensive understanding of after-tax investment outcomes and financing implications for individual circumstances.

As a leasehold development, what lease tenure does The Clift hold, and how might lease decay affect long-term resale value?

The Clift's lease tenure requires verification against the most current development documentation; Singapore residential developments typically carry either 99-year or 999-year leasehold tenure. For 99-year leasehold properties, lease decay becomes increasingly material as the unexpired lease term falls below 70 years, typically triggering buyer reticence and valuation haircuts. Properties with remaining leases below 60 years often face substantial financing difficulties and valuation compression. Prospective purchasers should carefully verify the exact unexpired tenure at the time of acquisition and model potential resale values under scenarios where lease decay reaches material levels, typically planning for acquisition timelines that anticipate substantial capital recovery well before lease concerns become economically significant.

How does The Clift's proximity to Telok Ayer MRT Station (DT18) influence buyer demand and long-term capital appreciation prospects?

The Clift's position within a four-minute walk of Telok Ayer MRT Station represents a material value driver, positioning the development within one of Singapore's most accessible transport corridors. The Downtown Line connection provides direct, no-transfer access to major employment centres at Marina Bay, Raffles Place, and Tanjong Pagar, materially reducing commute friction compared to peripheral developments. This transport accessibility historically correlates with sustained tenant demand, lower vacancy rates, and superior capital appreciation trajectories relative to developments lacking equivalent MRT proximity. Long-term buyer sentiment and capital value resilience throughout market cycles typically demonstrate superior performance for MRT-proximate developments, making The Clift's location a substantive appreciation tailwind.

Which buyer profiles—including HNW individuals, upgraders, first-time buyers, and investors—find The Clift most suitable?

The Clift appeals across multiple buyer demographics for distinct reasons: high-net-worth individuals and upgraders prioritise the neighbourhood's lifestyle character, heritage precincts, premium dining establishments, and CBD-proximate convenience; first-time buyers appreciate the modern finishes, manageable unit sizes, and excellent transport infrastructure reducing commuting complexity; portfolio investors value the combination of strong rental demand, central-location premiums, and capital appreciation potential. The development's per-square-foot valuation, whilst premium to suburban alternatives, remains accessible to first-time buyers utilising CPF contributions and standard financing arrangements. Upgraders benefit from the neighbourhood's established reputation and future development momentum, whilst investors recognise the fundamental strength of tenant demand in this precinct.

What TDSR and financing headroom considerations apply to typical purchase prices at The Clift for prospective buyers?

The Total Debt Service Ratio (TDSR) ceiling of 60% constrains financing accessibility, meaning prospective purchasers must demonstrate monthly income sufficient to service mortgage, property taxes, and other debt obligations whilst remaining within this threshold. For purchases in the S$1 million to S$1.5 million range typical of central-location developments like The Clift, buyers typically require household monthly incomes of approximately S$20,000 to S$30,000 to comfortably satisfy TDSR requirements whilst maintaining prudent financial buffers. First-time buyers utilising CPF Ordinary Account contributions benefit from enhanced purchasing power, though total CPF utilisation cannot exceed the purchase price. Prospective purchasers should engage financial advisors to model specific scenarios incorporating personal income levels, existing debt obligations, and available CPF balances to confirm financing accessibility prior to advancing towards acquisition commitments.

How does The Clift compare to competing developments in nearby Outram Park, Keong Saik Road, and Pinnacle@Duxton in terms of value proposition?

The Clift positions itself within a competitive cohort of centrally-located developments, each offering distinct characteristics. Compared to more intensively-developed precincts, The Clift benefits from Telok Ayer's more established neighbourhood character, heritage preservation efforts, and emerging reputation for lifestyle amenities. Competing developments in nearby Outram Park and Pinnacle@Duxton often command per-square-foot premiums reflecting either superior build quality credentials or proximity to additional transport nodes, though also typically feature smaller average unit sizes and higher price points. The Clift's value proposition emphasises neighbourhood character, walkable precinct amenities, and balanced pricing relative to peer-set alternatives, appealing particularly to buyers prioritising lifestyle integration and neighbourhood quality-of-life factors alongside transport convenience.

Which unit stacks or floor levels at The Clift typically offer the most compelling value, and why?

Within multi-storey developments, middle-level floors (typically floors 5 through 15) generally command the most attractive value propositions, offering superior balancing of price-per-square-foot with quality-of-life factors. Lower floors risk highway noise exposure, loss of privacy from street-level pedestrian activity, and reduced natural ventilation, typically trading at modest discounts reflecting these constraints. Higher floors command premium valuations reflecting enhanced views, quieter environments, and perceived prestige, yet these premiums often exceed actual utility benefits for typical occupants. For The Clift's specific configuration, prospective purchasers should evaluate individual unit characteristics including natural light exposure, ventilation patterns, and orientation towards heritage preservation areas versus commercial corridors, as these factors often drive meaningful quality-of-life differentiation between units at comparable price points.

What future supply pipeline developments might affect The Clift's competitive positioning and capital appreciation outlook within the Telok Ayer and adjacent precincts?

The Telok Ayer precinct and surrounding areas including Outram Park and the broader CBD-fringe zones continue attracting significant urban renewal interest, with multiple residential and mixed-use projects in planning, approval, or early construction phases. These prospective supply additions will moderately increase housing accessibility within the district, though demand fundamentals—driven by employment nodes, lifestyle positioning, and transport connectivity—remain robust. The Clift's established positioning within the current market means it benefits from first-mover advantages relative to future completions, typically translating into superior absorption rates and capital appreciation trajectories. Long-term supply expansion within the district should reinforce Telok Ayer's prominence as a destination precinct rather than dilute individual development values, particularly for projects like The Clift that occupy genuinely differentiated locations proximate to heritage quarters and major transport infrastructure.

The Clift — From S$5,200