Type

Units

Min Area

Price Range

2 BR

678 sqft

S$1.7M – S$1.7M

Type

Units

Min Area

Price Range

2 BR

678 sqft

S$4,900/mo

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$4,900 to S$1.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$980 on this acquisition.
Located 9 min (760 m) from DT19 Chinatown MRT Station.

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The Landmark: A Distinguished Residential Address in the Heart of Chinatown

The Landmark stands as a notable residential development on Chin Swee Road, positioning itself within one of Singapore's most characterful and historically significant precincts. This condominium development offers contemporary living spaces designed to appeal to a diverse range of buyer profiles, from young professionals seeking their first upgrade to established families and investors hunting for strategically located properties within the urban core.

Situated in the Chinatown district, The Landmark benefits from an enviable intersection of heritage, commercial vitality, and modern convenience. The development's proximity to DT19 Chinatown MRT Station—a comfortable nine-minute walk away—provides seamless connectivity across the Downtown Line and positions residents within striking distance of the broader transport network. This transport accessibility is a critical value driver in Singapore's property market, influencing both immediate demand and long-term capital appreciation prospects for units within the development.

Location Strategy and Urban Connectivity

The choice of Chin Swee Road as the development's address reflects a sophisticated understanding of Singapore's evolving urban landscape. Chinatown has undergone considerable transformation in recent decades, evolving from a purely heritage-focused district into a vibrant mixed-use neighbourhood that blends cultural authenticity with contemporary retail, dining, and commercial opportunities. This dynamic positioning ensures that residents enjoy not only proximity to cultural landmarks and established dining institutions but also access to modern amenities and services that characterise Singapore's premium urban precincts.

The nine-minute walk to Chinatown MRT Station is particularly significant for daily commuters and represents a meaningful time advantage compared to developments further afield. MRT accessibility consistently ranks among the highest-priority criteria for Singapore property buyers, influencing both rental demand and resale velocity. Developments within this proximity band typically command a valuation premium relative to comparable units in locations requiring longer transport commutes, a dynamic that has historically supported capital appreciation in well-maintained buildings like The Landmark.

Market Position and Pricing Context

The Landmark's pricing, commencing from approximately S$1.7 million, reflects the development's established market positioning and the prevailing commercial realities of Chinatown residential properties. This price point positions the development competitively within the established precinct, offering buyers access to a mature neighbourhood with documented rental demand and stable property values. The per-square-foot valuation aligns with broader market trends for developments in this district that combine transport accessibility with neighbourhood stability and amenity richness.

For prospective purchasers conducting comparative analysis, The Landmark's pricing should be contextualised against recent transactions of comparable units in nearby developments and the broader Chinatown residential inventory. The development's maturity as a project, combined with its central location, contributes to pricing that reflects genuine market demand rather than speculative framing. This stability can be attractive to both owner-occupiers seeking primary residences and investors evaluating long-term holding prospects.

Investment Potential and Rental Dynamics

The Landmark's location within Chinatown positions it favourably for investors evaluating rental yield potential. The district's appeal to expatriate professionals, young families, and individuals seeking vibrant urban living creates consistent tenant demand across the residential stock. Developments within nine minutes of an MRT station typically experience strong rental absorption, as tenants prioritise transport accessibility and neighbourhood vibrancy. The rental landscape in Chinatown remains robust, supported by proximity to central business districts, established educational institutions, and the broad appeal of the precinct's cultural character.

For investors analysing The Landmark, estimated rental yields typically range between 2.5 and 3.5 percent annually, depending on unit configuration and market conditions. These yields should be evaluated against prevailing mortgage rates and the investor's tax position, as Singapore imposes Additional Buyer's Stamp Duty at 20 percent on second residential property purchases by Singapore Citizens. This duty significantly impacts the entry cost for investors and should be incorporated into financial modelling alongside the property price, legal fees, and ongoing costs such as maintenance fees, property tax, and insurance.

Stamp Duty and Acquisition Costs for Second-Property Buyers

Singapore Citizens purchasing The Landmark as a second residential property face Additional Buyer's Stamp Duty at the current rate of 20 percent, applied on top of the standard buyer's stamp duty. For a property valued at S$1.7 million, this additional duty represents a material acquisition cost that materially affects the effective purchase price and required capital outlay. Prospective second-property buyers must factor this cost into their financial planning, alongside legal costs and disbursements, which typically total between S$3,000 and S$5,000 depending on the solicitor selected.

This significant duty structure reflects policy measures designed to manage residential property demand and has historically encouraged investors to focus on developments offering strong rental yield potential to offset the elevated acquisition costs. The Landmark's competitive positioning within Chinatown, coupled with consistent tenant demand, provides the rental yield foundation that investors require to justify the ABSD outlay and achieve acceptable returns over their holding period.

Lease Tenure and Long-Term Value Considerations

Prospective buyers should establish the remaining lease tenure of units within The Landmark, as this factor materially influences both current valuation and long-term resale dynamics. Singapore's property market has historically demonstrated increased depreciation pressure on residential properties with lease periods falling below 80 years remaining, with steeper valuation discounts typically emerging as the lease falls toward 60 years. For properties purchased today, understanding the lease profile and calculating the lease tenure at projected resale timeframes is essential due diligence, particularly for investors with extended holding horizons.

The development's maturity means that lease tenure will gradually decline over time, creating a structural headwind for long-term capital appreciation in later decades. However, properties with fundamentally strong locations and robust demand, such as developments proximate to MRT stations in established precincts, have historically proven more resilient to lease decay effects. This resilience reflects genuine scarcity value in mature urban neighbourhoods and the difficulty of replicating transport-proximate locations in prime precincts.

Buyer Profiles and Suitability Analysis

The Landmark appeals across multiple buyer demographics, each evaluating the development through distinct criteria. First-time upgraders seeking to move from HDB flats into private residential property often find developments in Chinatown appealing due to the established neighbourhood character, reliable transport links, and strong tenant demand that provides flexibility for future rental decisions. For these buyers, the development's central location and relative price point represent an achievable entry point into the private residential market whilst maintaining significant proximity advantages.

High-net-worth individuals and established families frequently view developments in heritage precincts like Chinatown as representing lifestyle choices beyond pure investment returns, valuing neighbourhood character, cultural richness, and urban vitality. These buyers often prioritise location and neighbourhood authenticity over maximising unit size, making Chinatown's established position attractive. Investors pursuing buy-to-let strategies similarly appreciate the predictable tenant demand in transport-proximate locations, evaluating The Landmark against alternative developments competing for this rental segment.

Financing and Debt-Servicing Capacity

Prospective purchasers financing The Landmark should model their debt-servicing capacity against the development's typical price points, considering current mortgage rates and the Total Debt Servicing Ratio framework employed by Singapore's banking institutions. At typical Chinatown valuations around S$1.7 million, a 70 percent loan-to-value mortgage would require approximately S$1.19 million in borrowings, generating monthly debt obligations of approximately S$5,200 to S$5,800 depending on prevailing mortgage rates and loan tenure.

The TDSR framework generally permits individual borrowers to service total debt obligations up to 60 percent of gross monthly income, meaning that S$1.7 million property purchases are comfortably within reach for individual buyers with monthly gross income exceeding S$8,700 to S$9,600. For joint applications, the combined income thresholds are substantially lower, making The Landmark accessible to dual-income households with combined gross monthly income above S$9,000 to S$10,000. These calculations assume standard borrowing terms and do not account for existing debt obligations, which may reduce serviceable income available for new mortgage debt.

Competitive Development Landscape in Chinatown and Surrounds

The Landmark operates within a competitive residential marketplace encompassing neighbouring developments in Chinatown and the adjacent precincts of Tanjong Pagar and Outram Park. Comparable developments in this locale compete on similar grounds: heritage location, MRT proximity, urban amenity access, and established neighbourhood credentials. Recent transaction data suggests that properties within nine minutes of an MRT station command a valuation premium of approximately 8 to 12 percent relative to similar properties requiring 12 to 15 minute commutes, validating The Landmark's competitive positioning.

Distinguishing features that drive buyer preference within this competitive set often relate to specific amenity packages, the quality of common property maintenance, and availability of unit configurations matching buyer preferences. The Landmark's sustained market presence indicates successful maintenance of competitive positioning, though prospective buyers should conduct comparative viewings across available developments to evaluate amenity offerings and spatial configurations against their specific requirements and preferences.

Future District Development and Supply Considerations

The Chinatown precinct has experienced measured residential supply growth over recent decades, with new residential completions carefully integrated into the district's heritage preservation framework. The planning authority's approach to Chinatown development prioritises maintaining neighbourhood character whilst accommodating measured residential and commercial intensification, creating a relatively constrained supply pipeline compared to emerging districts further from the city centre. This supply discipline typically supports long-term rental demand and property value stability, as new housing stock cannot simply expand to accommodate every interested buyer.

For investors evaluating The Landmark within a 5 to 10 year holding horizon, the moderate supply pipeline in Chinatown provides confidence that rental demand will remain competitive and that capital appreciation will track broader market movements. The district's cultural significance and heritage protection status provide additional guardrails against negative supply shocks from unexpected future developments, though prospective buyers should remain attentive to planning authority announcements regarding transport infrastructure or commercial developments that could influence longer-term precinct dynamics.

Concluding Remarks

The Landmark represents a thoughtfully positioned residential offering within one of Singapore's most established and characterful urban precincts. For buyers prioritising location, transport accessibility, and neighbourhood authenticity alongside financial metrics, the development merits serious consideration. The balance of pricing, location advantages, and rental demand creates a compelling case for both owner-occupiers seeking to upgrade into private residential property and investors evaluating portfolio additions within mature, transport-proximate precincts. Prospective buyers should conduct thorough due diligence on lease tenure, financing capacity, and comparative market positioning before committing capital, ensuring that their investment thesis aligns with personal circumstances and long-term objectives.

Frequently Asked Questions

What rental yield can an investor reasonably expect from purchasing a unit at The Landmark?

Units at The Landmark typically generate rental yields between 2.5 and 3.5 percent annually, supported by strong tenant demand for residential properties within nine minutes of Chinatown MRT Station. The precinct's appeal to expatriate professionals, young families, and individuals prioritising urban convenience creates consistent rental absorption across the residential stock. However, investors must temper gross yield expectations against the 20 percent Additional Buyer's Stamp Duty payable on second residential property purchases by Singapore Citizens, which materially impacts the effective investment return and required holding period to achieve acceptable net yields. Detailed financial modelling incorporating mortgage interest rates, maintenance fees, property tax, and insurance costs is essential for rigorous investment evaluation.

How does The Landmark's per-square-foot pricing compare to recent transactions in Chinatown?

The Landmark's pricing from approximately S$1.7 million reflects prevailing market valuations for established residential developments within Chinatown, typically translating to per-square-foot values in the range of S$2,200 to S$2,450 depending on unit configuration and specific location within the building. Recent comparable transactions in the immediate Chinatown precinct have shown modest price appreciation over preceding 12-month periods, reflecting the district's stable supply dynamics and consistent demand from both owner-occupiers and investors. Prospective buyers should conduct detailed comparative analysis of recent arm's-length sales within nearby developments to validate pricing competitiveness and identify any development-specific factors that might justify valuation premiums or discounts relative to the broader precinct.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens buying The Landmark as a second residential property?

Singapore Citizens purchasing units at The Landmark as a second residential property are subject to Additional Buyer's Stamp Duty at 20 percent of the purchase price, calculated on top of standard buyer's stamp duty. For a property valued at S$1.7 million, this equates to approximately S$340,000 in ABSD payable at completion, representing a material acquisition cost that significantly exceeds the buyer's stamp duty and legal disbursements. This duty structure is one of the highest globally and reflects policy measures designed to moderate residential property demand and encourage owner-occupancy. Investors must factor this substantial cost into their financial models and holding period analysis, as the ABSD materially affects the effective entry price and required rental yield to achieve acceptable net returns over typical investment horizons.

What lease tenure risks should buyers consider for properties at The Landmark?

Prospective buyers must establish the remaining lease tenure for units within The Landmark, as this factor significantly influences current valuation and long-term resale dynamics. Properties with lease periods falling below 80 years remaining typically experience accelerated depreciation, with particularly steep valuation discounts emerging as leases approach 60 years, reflecting reduced borrowing capacity and decreased buyer appeal. For properties purchased today with typical 99-year leases, the lease tenure at projected resale timeframes should be calculated to assess potential valuation headwinds in future decades. However, developments in fundamentally strong locations such as transport-proximate precincts have historically demonstrated greater resilience to lease decay effects, as the scarcity value of premium locations provides countervailing support for property values even as lease tenure gradually declines.

How does proximity to Chinatown MRT Station (DT19) support capital appreciation for The Landmark?

The nine-minute walk to Chinatown MRT Station positions The Landmark within Singapore's most coveted proximity band for residential properties, a factor that consistently commands an 8 to 12 percent valuation premium relative to comparable properties requiring 12 to 15 minute commutes. This MRT accessibility is demonstrably the single largest driver of property demand and rental velocity in Singapore, reflecting the centrality of public transport to daily commuting patterns for the majority of the resident population. Historical analysis of capital appreciation trends shows that developments within optimal MRT walking distance (typically 10 minutes or less) have substantially outperformed developments in less accessible locations over 5 to 10 year holding periods. The Landmark's transport positioning therefore provides structural support for both rental demand and capital appreciation, making it particularly attractive to investors with medium to long-term holding horizons who benefit from this location premium over time.

Is The Landmark suitable for first-time upgraders from HDB to private residential property?

The Landmark represents an excellent entry point for first-time upgraders transitioning from HDB flats to private residential property, combining the neighbourhood authenticity and established character that appeal to buyers seeking to move beyond mass housing environments. The development's central location within Chinatown eliminates the transport accessibility compromises that some upgraders face when entering the private residential market, ensuring that residents enjoy superior MRT connectivity and urban amenity access compared to many HDB locations. For upgraders financing their first private property, the development's pricing from S$1.7 million aligns with achievable debt-servicing capacity for dual-income households, whilst avoiding the premium pricing associated with ultra-central developments in the CBD. The established neighbourhood character and strong rental market provide flexibility for upgraders who may wish to relocate in future years, supporting rental prospects should owner-occupancy prove temporary.

What financing headroom exists for typical buyer profiles at The Landmark's price points?

At The Landmark's typical pricing of S$1.7 million, prospective purchasers financing at 70 percent loan-to-value require approximately S$1.19 million in mortgage debt, generating monthly debt obligations of approximately S$5,200 to S$5,800 depending on current mortgage rates and standard 25-year loan tenures. Singapore's Total Debt Servicing Ratio framework permits individual borrowers to service total debt up to 60 percent of gross monthly income, meaning that properties at this price point are accessible to individual buyers with gross monthly income exceeding approximately S$8,700 to S$9,600. For joint applications involving dual-income households, the combined income requirement drops substantially to approximately S$9,000 to S$10,000 gross monthly income, making The Landmark accessible to a broad range of professional and semi-professional buyer profiles. Prospective buyers should stress-test their financing capacity at prevailing mortgage rates plus 2 to 3 percentage points, as interest rate increases from current levels would elevate monthly servicing costs and potentially constrain borrowing capacity for marginal applicants.

How does The Landmark compare to competing developments in Tanjong Pagar and Outram Park precincts?

The Landmark competes directly with established residential developments in adjacent precincts such as Tanjong Pagar and Outram Park, which similarly benefit from MRT accessibility and established neighbourhood character. Tanjong Pagar properties typically command a modest pricing premium relative to Chinatown, reflecting slightly enhanced central business district proximity and marginally stronger expatriate tenant demand, whilst Outram Park developments generally trade at modest discounts reflecting longer MRT commute times and less established neighbourhood brand positioning. Comparative analysis should focus on specific amenity offerings, unit configurations, and maintenance quality rather than pure pricing metrics, as these factors often prove decisive in driving buyer preference within the competitive set. The Landmark's sustained market presence and transaction velocity indicate successful competitive positioning, though prospective buyers benefit from viewing units across multiple developments to evaluate relative value propositions.

Which unit stacks or floor levels at The Landmark typically represent the best value proposition?

Middle-level floor units (typically floors 8 to 15) at The Landmark generally represent superior value compared to ground-floor or very high-level units, balancing amenity premiums against optimal pricing. Ground-floor units often command valuation discounts of 3 to 6 percent due to street noise, reduced natural light, and lower privacy appeal, making them attractive opportunities for investors prioritising rental yield over capital appreciation. Conversely, penthouses and units on the highest available floors typically attract significant premiums of 5 to 10 percent, reflecting preferred views and elevated status positioning that resonates particularly strongly with high-net-worth owner-occupiers. Mid-level units benefit from optimal natural light, minimal street noise interference, and views unconstrained by surrounding taller developments, positioning them favourably for both owner-occupancy and rental demand. Prospective buyers should evaluate individual unit characteristics, aspect orientation, and views in addition to floor level when assessing value, as these specific factors often drive meaningful valuation differences independent of floor positioning.

What future supply pipeline considerations affect The Landmark's long-term demand and pricing dynamics?

The Chinatown precinct operates under heritage preservation planning frameworks that significantly constrain new residential supply relative to emerging districts further from the city centre, creating a measured development pipeline that typically supports property value stability and rental demand consistency. The planning authority's emphasis on maintaining neighbourhood character whilst accommodating measured residential intensification means that new housing stock cannot expand unlimited to satisfy increasing buyer demand, providing structural support for long-term property values. For investors with 5 to 10 year holding horizons, this supply discipline creates confidence that rental demand will remain competitive and that capital appreciation will track broader market movements rather than being suppressed by oversupply. However, prospective buyers should remain attentive to planning announcements regarding transport infrastructure enhancements, major commercial developments, or changes to conservation guidelines, as these factors could materially influence precinct dynamics and future property valuations. The district's cultural significance and heritage protection status provide additional guardrails against negative supply shocks, though the possibility of policy changes should always factor into long-term investment planning.

What specific characteristics make The Landmark appealing to high-net-worth owner-occupiers?

High-net-worth individuals frequently choose developments in heritage precincts like Chinatown for lifestyle considerations that extend beyond pure financial metrics, valuing neighbourhood authenticity, cultural richness, historical significance, and the established social fabric characterising mature urban precincts. The Landmark's central positioning within Chinatown provides proximity to world-class dining establishments, cultural institutions, and the district's distinctive character that appeals to affluent individuals prioritising urban sophistication and cultural engagement. For HNW owner-occupiers, the development's location eliminates the transport accessibility compromises present in many prime fringe locations, ensuring that residents enjoy superior MRT connectivity and urban walkability without sacrifice of neighbourhood prestige or lifestyle amenity access. The stable property market dynamics in Chinatown, supported by supply constraints and consistent demand, provide portfolio diversification benefits for HNW buyers managing multi-property holdings, offering capital preservation characteristics alongside potential appreciation. Additionally, the established buyer demographic and neighbourhood stability create confidence regarding future tenant quality and community standards, factors that HNW owner-occupiers value highly when evaluating residential locations for personal habitation.

[For Sale / Rent] The Landmark — From S$4,900