Type

Units

Min Area

Price Range

2 BR

893 sqft

S$1.9M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$1.9M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$370K on this acquisition.
Located 10 min (800 m) from EW18 Redhill MRT Station.

Price Trends & Rental Yield

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The Crest: Premium Living Near Redhill MRT Station

The Crest stands as a contemporary residential development positioned strategically within the Redhill neighbourhood, one of Singapore's most established and sought-after residential addresses. Situated at 103 Prince Charles Crescent, the development benefits from its proximity to Redhill MRT Station on the East-West Line, located approximately 800 metres away – a short ten-minute walk that places residents within easy reach of Singapore's central business districts and key employment hubs.

This location advantage has made The Crest particularly attractive to both owner-occupiers upgrading from smaller homes and investors seeking consistent rental demand. The Redhill area itself has matured over decades, attracting a stable demographic of young professionals, expanding families, and seasoned homeowners who value accessibility without sacrificing the tranquillity of an established neighbourhood.

Strategic Location and Connectivity

The proximity to Redhill MRT Station, just a short walk away, fundamentally shapes the appeal of The Crest. The East-West Line provides direct access to the city centre, Marina Bay, and western Singapore, whilst interchange opportunities at major hubs such as Tiong Bahru and Clementi broaden commuting options significantly. For professionals working in the financial district or central region, the ten-minute walk to the station translates into a commute of under twenty minutes from home to desk, a compelling proposition in Singapore's competitive property market.

Beyond public transport, the Redhill precinct itself is well-serviced by local amenities. Residents enjoy proximity to shopping centres, dining establishments, educational institutions, and healthcare facilities that characterise a mature residential enclave. This infrastructure maturity underpins both the rental appeal and capital stability of properties in this location.

Unit Specifications and Design Philosophy

The Crest offers thoughtfully proportioned residences designed for modern living. Current inventory spans units ranging across different configurations, with individual residences typically featuring generous living and sleeping arrangements alongside well-appointed bathrooms. The average unit size of approximately 893 square feet reflects the contemporary market preference for efficient, uncluttered floor plans that maximise usable space without excessive circulation areas.

This scale positions The Crest units as ideal for young professionals, couples, and smaller households seeking a manageable property to maintain whilst enjoying the full spectrum of condominium amenities and services. The efficient design philosophy also translates into competitive pricing per square foot relative to comparable developments, an important consideration for both owner-occupiers and investors assessing value propositions.

Investment Credentials and Rental Demand

The Redhill neighbourhood has historically demonstrated robust rental demand, driven by its accessibility, mature infrastructure, and appeal to expatriates and travelling professionals. The Crest's positioning near MRT and within an established residential enclave positions units favourably within Singapore's rental market. Investors contemplating acquisition should recognise that rental yields in this precinct have remained stable over the medium term, supported by consistent demand from tenants prioritising proximity to the city centre and public transport.

Prospective investors should conduct thorough due diligence on current market rental rates for comparable units in the vicinity, as yields ultimately depend on both purchase price and achievable monthly rent. The development's contemporary specifications and facilities positioning typically command rental rates competitive with nearby comparable developments, supporting medium to long-term holding strategies.

Pricing and Market Positioning

Units at The Crest are available from around S$1.85 million, positioning the development within the upper-middle segment of Singapore's residential market. This price tier reflects both the location premium associated with proximity to Redhill MRT and the contemporary standards embodied in the development's design and finishes. For upgraders stepping up from HDB flats or smaller private properties, The Crest represents a material leap in space and amenities, whilst the efficient unit sizes help moderate the absolute quantum of capital required.

Buyers should contextualise pricing against recent arm's-length transactions for comparable units in Redhill and adjacent neighbourhoods. Price per square foot comparisons across developments within the 800–1,200 square foot range provide useful benchmarks for assessing whether The Crest's offering represents fair value relative to alternatives such as nearby projects or existing stock.

Financing and Buyer Eligibility

Prospective purchasers should be aware of Additional Buyer's Stamp Duty implications if acquiring The Crest as a second residential property. Singapore Citizens purchasing a second private residential property incur ABSD at 20%, a material increase over the standard Buyer's Stamp Duty payable on first-time acquisitions. For a unit priced around S$1.85 million, ABSD would add approximately S$370,000 to upfront acquisition costs, alongside legal fees, valuation fees, and other disbursements.

First-time buyers purchasing their maiden private residential property benefit from concessional ABSD rates, a considerable advantage that should be factored into the overall acquisition calculus. All purchasers should review their financing headroom in light of Total Debt Servicing Ratio requirements imposed by financial institutions, which typically limit borrowing to 80% of property value (or loan-to-value) and cap monthly debt servicing at 60% of gross household income for most borrowers.

Comparative Market Context

The Crest competes within a market landscape that includes numerous residential developments across Redhill, Tiong Bahru, and surrounding precincts. Comparable developments offering similar unit scales, finishes, and MRT proximity provide useful reference points for assessing value. Buyers should examine developments within a 500–800 metre radius of Redhill MRT Station to establish fair market pricing and assess whether The Crest's offering delivers compelling relative value.

The maturity of the Redhill neighbourhood means that both new development stock and established resale inventory are available, affording buyers genuine choice. New launches typically command a premium reflective of contemporary design and specification standards, whilst resale stock may offer longer track records of performance and clearer evidence of amenity effectiveness and community quality.

Long-Term Capital Appreciation Outlook

Demand for residential properties near established MRT stations has consistently underpinned capital appreciation across Singapore's property cycles. The Crest's positioning within this paradigm suggests reasonable prospects for long-term value preservation and modest appreciation, though outcomes ultimately depend on broader economic conditions, interest rate environments, and local supply-demand equilibrium.

Buyers acquiring The Crest should adopt a medium to long-term holding perspective, recognising that property markets exhibit cyclical behaviour. The development's location fundamentals and contemporary standards position it well within any reasonable five to ten-year ownership horizon, though shorter-term outcomes remain subject to market volatility.

Facilities and Amenities

As a contemporary residential development, The Crest incorporates standard condominium amenities supporting active, lifestyle-oriented living. Residents typically benefit from facilities encouraging fitness, recreation, and social engagement, though specific detail on The Crest's particular amenity offering should be verified through the developer's official information or site visits.

The presence of on-site facilities reduces reliance on external providers and contributes to the overall value proposition, particularly for younger residents and families seeking convenient access to exercise and leisure options. The standard of amenities finish also reflects the development's positioning within Singapore's contemporary residential market.

Suitability Across Buyer Profiles

The Crest appeals across multiple buyer segments. First-time private property purchasers seeking efficient, well-located homes at entry-level quantum find the development's scale and pricing compelling. Upgraders moving from HDB accommodations or smaller units appreciate the material step up in space and amenity quality that The Crest affords. Owner-occupiers prioritising commute convenience gravitate toward the near-MRT positioning and connectivity advantages. Investor cohorts targeting rental yield in a mature, liquid neighbourhood recognise the development's potential within a medium-term holding strategy.

High-net-worth individuals seeking trophy properties or substantial floor plates may find The Crest's unit scale more constrained, though the development remains relevant as a component within a diversified residential portfolio or as a pied-à-terre for professionals requiring city accessibility without penthouse pricing.

The Crest represents a thoughtfully positioned residential development within Singapore's competitive market, offering contemporary living standards, strategic location advantages, and accessibility credentials that appeal to discerning owner-occupiers and investors alike. Prospective buyers should conduct thorough due diligence encompassing comparable market analysis, financing reviews, and personal suitability assessments before committing capital.

Frequently Asked Questions

What rental yield might investors expect from purchasing a unit at The Crest as an investment property?

Rental yield at The Crest is materially shaped by both acquisition price and achievable monthly rent in the Redhill precinct. The neighbourhood historically attracts steady tenant demand from expatriates, young professionals, and relocating families valuing proximity to the city centre and East-West Line connectivity. Whilst gross yields (annual rent divided by purchase price) typically range between 2.5% to 3.5% in established central-location precincts like Redhill, net yields after accounting for property tax, maintenance levies, insurance, and management fees generally compress to between 1.5% to 2.5%. Investors should survey current rental rates for comparable units—typically furnished two-bedroom units in The Crest's approximate scale command monthly rents ranging from S$3,500 to S$4,500 depending on exact specification and floor level. Prospective investors should conduct granular market research on recent lettings within 800 metres of Redhill MRT to establish realistic rental expectations and stress-test assumptions against conservative market scenarios.

How does The Crest's pricing per square foot compare to recent transactions in the Redhill area?

Price per square foot serves as a critical yardstick for assessing value within Redhill and adjacent precincts. At an average unit size of approximately 893 square feet and pricing commencing around S$1.85 million, The Crest implies an approximate per-square-foot price of around S$2,070–S$2,200 depending on exact unit configuration and floor level selected. Recent resale transactions and new launches within 500–800 metres of Redhill MRT Station have traded within a broader range of S$1,800 to S$2,400 per square foot, reflecting variation in age, finish specification, exact location within development, and amenity quality. Buyer should cross-reference The Crest's per-square-foot positioning against comparable units in nearby developments, paying particular attention to units with similar bedroom counts, floor levels, and finish standards. Developments such as those in Tiong Bahru and immediately adjacent Redhill precincts provide useful benchmarking; a systematic price-per-square-foot comparison will illuminate whether The Crest represents fair value relative to realistic alternatives.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens acquiring The Crest as a second residential property?

Additional Buyer's Stamp Duty at 20% applies to Singapore Citizens purchasing a second private residential property, a material cost burden that fundamentally impacts acquisition economics. For a unit at The Crest priced at S$1.85 million, ABSD would total approximately S$370,000, payable upon completion of the purchase. This levy is calculated on the purchase price and is distinct from standard Buyer's Stamp Duty, Seller's Stamp Duty, legal fees, valuation charges, and other disbursements. When aggregated with these ancillary costs—typically totalling S$50,000–S$80,000—total acquisition costs for a second-property purchase reach approximately S$420,000–S$450,000 above the purchase price itself. Second-property purchasers should factor this 20% ABSD into their financing requirements and overall capital budgeting. Conversely, first-time buyers of private residential property benefit from concessional or zero ABSD rates, providing a significant economic advantage that first-timers should leverage when structuring their purchase strategy.

What lease tenure does The Crest carry, and how might lease decay affect long-term resale value?

Lease tenure details are critical for all purchasers, particularly those adopting longer investment horizons or seeking multigenerational holding strategies. The Crest's lease tenure should be confirmed directly with the developer or conveyancing agent, as tenure materially impacts both financing eligibility and long-term capital appreciation. Properties with lease periods falling below 75 years begin to experience measurable capital value erosion, a phenomenon known as lease decay, as financial institutions impose lending restrictions and purchaser pools narrow. For 99-year leasehold properties, lease decay becomes increasingly pronounced beyond the 60-year mark, meaning properties purchased today may face financing and marketability constraints within 30–40 years if not extended. Buyers should factor in Singapore's lease-extension costs—typically ranging from 5% to 10% of property value depending on remaining lease duration—when modelling long-term holding economics. Those acquiring The Crest should confirm lease tenure explicitly, understand extension procedures and costs, and, if relevant, consider proactive lease extension prior to entering the decay phase to preserve capital value and maintain financing flexibility.

How does proximity to Redhill MRT Station (EW18) enhance demand and support capital appreciation at The Crest?

Proximity to established MRT stations is one of the most robust drivers of residential capital appreciation across Singapore's property cycles. The Crest's location approximately 800 metres from Redhill MRT Station on the East-West Line positions residents within a ten-minute walk to one of Singapore's most economically significant transport arteries. The East-West Line provides direct connectivity to the central business district, Marina Bay, and western growth nodes, making Redhill MRT particularly valuable for professionals, expatriates, and households prioritising commute efficiency. This infrastructure advantage has historically translated into measurable premiums for properties within 800–1,000 metres of established MRT stations; transactions over multiple cycles demonstrate that MRT-proximate properties experience both faster appreciation during boom periods and greater downside protection during downturns. The Crest's positioning benefits from this long-established market dynamic. Furthermore, as Singapore's transport infrastructure matures and road congestion intensifies, the attractiveness of MRT-proximate properties only deepens, supporting sustained demand and reasonable long-term capital appreciation expectations.

Which buyer profiles are best suited to The Crest, and why?

The Crest appeals across multiple distinct buyer segments, each for different reasons. First-time private property purchasers benefit from concessional ABSD treatment and find The Crest's efficient unit scales and S$1.85 million entry pricing manageable on standard salaries, making it an attractive entry point into the private residential market. Young professionals and couples value the near-MRT positioning, contemporary finishes, and compact, low-maintenance floor plans that eliminate unnecessary square footage. Upgraders transitioning from HDB flats appreciate the material leap in space, amenity quality, and privacy that The Crest represents without requiring nine-figure capital outlays. Owner-occupiers prioritising commute convenience and city accessibility gravitate strongly toward the Redhill location and East-West Line connectivity. Investor cohorts seeking rental yield in a liquid, established neighbourhood view The Crest as a robust medium-term holding, particularly given the neighbourhood's consistent demand from tenants. Expatriates relocating to Singapore often favour established neighbourhoods with mature infrastructure, making The Crest attractive as a temporary or intermediate residence. High-net-worth purchasers may find The Crest's unit scale more constrained but may view it as a portfolio component or efficient city pied-à-terre. Each profile should align their personal circumstances, investment horizons, and financing capacity against The Crest's specific characteristics.

How does Total Debt Servicing Ratio (TDSR) impact financing headroom for buyers at typical The Crest price points?

Total Debt Servicing Ratio represents one of the most critical constraints on mortgage financing in Singapore. Financial institutions typically limit TDSR to 60% of gross household income, meaning a household earning S$10,000 monthly can service a maximum of S$6,000 in monthly debt obligations. For a unit at The Crest priced at S$1.85 million with a 25-year financing tenor, monthly mortgage payments at current interest rates (circa 4.5%–5.0%) would approximate S$9,200–S$9,800. Adding property tax, maintenance levy, and insurance—typically totalling S$800–S$1,200 monthly—total monthly housing obligations reach approximately S$10,000–S$11,000. Under TDSR constraints, this property therefore requires gross household income of approximately S$16,700–S$18,300 monthly to support full financing. Buyers with pre-existing debt obligations (car loans, personal credit facilities, student loans) face tighter headroom, as TDSR calculations aggregate all household debt. First-time buyers and upgraders should conduct careful TDSR calculations in conjunction with their bank to confirm financing eligibility before committing to an offer. Those with tighter income-to-debt ratios may require larger down payments (reducing loan quantum) or should consider less expensive units to maintain adequate financing headroom and financial resilience.

How does The Crest compare to nearby competing developments in terms of value and positioning?

The Crest operates within a competitive landscape encompassing numerous developments across Redhill, Tiong Bahru, and adjacent precincts, each offering distinct positioning and value propositions. Comparable developments within 500–800 metres of Redhill MRT Station include established resale stock and newer launches, collectively defining the market price band against which The Crest should be assessed. Buyers should examine neighbouring developments with similar unit scales (800–1,000 square feet), construction vintage, and amenity offering to establish fair market pricing. Some competing developments may offer marginally larger unit floor plates but at proportionally higher per-square-foot prices; others may trade at discounts reflective of age or amenity constraints. The Crest's contemporary finish specification and planned amenity offering position it competitively within the middle-to-upper tier of comparable schemes. Systematic price-per-square-foot analysis, floor plan comparison, and site visits to competing developments will illuminate whether The Crest represents compelling relative value or whether alternatives offer superior bang-for-buck. Buyers should resist anchoring on any single comparable transaction and instead consider a broad cross-section of recent arms-length sales and new launch pricing across the Redhill micromarket.

Which unit stack levels or floor levels at The Crest offer optimal value relative to pricing premiums?

Unit stack positioning materially influences both pricing and value perception in Singapore's residential market. Lower-floor units (typically ground to third storey) trade at modest discounts relative to mid-floor units, reflecting reduced light exposure, increased traffic noise, and subjective buyer preferences for elevation and visual privacy. Mid-floor units (fourth to tenth storey, approximate) command near-peak pricing in most developments, as they capture superior daylight and views whilst avoiding the highest-floor premiums and potential humidity/weather exposure. Upper-floor units (top 15–20% of development) typically attract premiums of 5–15% relative to mid-floor comparables, reflecting prestige, superior views, and reduced external noise. For pure value-conscious purchasers, lower-floor units within The Crest likely represent the most attractive pricing entry point, though purchasers should conduct personal suitability assessments regarding light, privacy, and noise exposure. Mid-floor units offer balanced value between pricing and amenity, suiting most buyer profiles. Those prioritising status, views, and exclusivity should factor the 5–15% premium attributable to upper-floor positioning into their purchasing calculus. Unit-by-unit comparison accounting for exact floor level, orientation, view profile, and any structural variations (corner units, split-level configurations) remains essential for optimising value acquisition.

What future residential supply is planned in the Redhill and Tiong Bahru districts, and how might this affect The Crest's medium-term appreciation potential?

Future supply pipeline analysis is critical for medium to long-term capital appreciation forecasting. The Redhill and Tiong Bahru precincts, being well-established, mature neighbourhoods, face constrained greenfield redevelopment opportunities; most new supply derives from en bloc acquisitions of ageing developments followed by collective re-development. Several en bloc transactions have historically preceded new launches within these precincts, though the quantum of future supply remains uncertain and governed by land scarcity and developer appetite. Generally, Redhill and Tiong Bahru exhibit lower new supply intensity relative to emerging precincts further out, which is favourable for existing developments like The Crest, as it limits competitive pressures. However, buyers should monitor the URA Master Plan for any rezoning initiatives, commercial-to-residential conversion possibilities, or transit-oriented development schemes that might reshape local supply-demand equilibrium. The East-West Line's maturity also means that new transport infrastructure is less likely to drive supply concentration in this specific area, supporting relative stability in existing property values. Despite these structural supports, prudent investors should remain cognisant of broader economic conditions, interest rate trajectories, and credit cycles, which typically exert far greater influence on capital appreciation than local supply effects over medium-term timeframes.

[For Sale] The Crest, 103 Prince Charles Crescent — From S$1.9M