Type

Units

Min Area

Price Range

1 BR

517 sqft

From S$1.3XM

2 BR

678 sqft

S$1.7XM – S$1.8XM

3 BR

1076 sqft

From S$2.8XM

Property Highlights

Prime 2-bedroom, 2-bathroom unit at The Landmark offering 678 sqft of contemporary living space
Located on Chin Swee Road with direct proximity to Chinatown MRT Station, just 9 minutes walk away
Competitively priced at S$1,820,000, representing solid value in the District 9 precincts
Ideal for upgraders, investors, and owner-occupiers seeking established central location credentials
Strong rental demand potential given heritage district positioning and excellent transport connectivity

Interested in this property?

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

Ref: 25077845

The Landmark: Premium Central Living on Chin Swee Road

The Landmark represents a thoughtfully positioned residential offering in one of Singapore's most vibrant and historically significant neighbourhoods. Situated at 173 Chin Swee Road, this two-bedroom, two-bathroom condominium commands a sale price of S$1,820,000 and encompasses 678 square feet of thoughtfully designed living space. For property seekers prioritising location, connectivity, and the cultural dynamism of the Chinatown precinct, this property delivers measurable value within a competitive market segment.

Strategic Location and Transport Accessibility

Chin Swee Road's positioning places residents within easy reach of the Chinatown MRT Station (DT19), situated merely 760 metres or approximately 9 minutes on foot from the property. This proximity to the Downtown Line ensures seamless connectivity across Singapore's commercial heartland, including the financial district, Marina Bay, and onwards towards Bukit Batok. The walkability factor elevates daily convenience for commuters and enhances the property's appeal to professionals working within the city core. For those dependent on public transport, the integration with Singapore's comprehensive rail network significantly reduces journey times to key employment zones and lifestyle precincts.

Space Configuration and Interior Utility

At 678 square feet, The Landmark's two-bedroom layout provides practical accommodation suitable for couples, small families, or single professionals seeking a dedicated workspace or guest accommodation. The inclusion of two fully appointed bathrooms eliminates the morning congestion often experienced in compact urban units, whilst delivering convenience for multi-person households. The proportional distribution of the square footage suggests a thoughtful approach to functionality, with living, dining, and sleeping zones appropriately demarcated. This configuration aligns with contemporary lifestyle expectations for central Singapore residents who prioritise efficiency without sacrificing comfort or usable space.

District 9 Market Dynamics and Competitive Positioning

The Landmark's Chin Swee Road address situates it within District 9, a microcosm of heritage charm intersected with modern urban development. This district has attracted sustained investor and owner-occupier interest, supported by steady capital appreciation and resilient rental fundamentals. The Chinatown precinct continues to benefit from tourism, dining, and retail vitality, creating consistent footfall and economic activity that underpins property valuations. Comparable transactions in the immediate vicinity have demonstrated that per-square-foot pricing in well-maintained, appropriately positioned developments commands premiums relative to outer-ring alternatives, reflecting the scarcity and desirability premium associated with central locations.

Investment Potential and Rental Yield Considerations

For investors evaluating The Landmark through a portfolio diversification lens, the central location and two-bedroom configuration present compelling rental appeal. District 9's proximity to business districts, educational institutions, and hospitality clusters creates consistent tenant demand from both corporate relocations and lifestyle-focused renters. Conservative estimates suggest rental yields ranging from 2.8 to 3.2 percent per annum, dependent upon lease terms, tenant quality, and market conditions at the time of letting. The property's walkability to Chinatown MRT and its positioning within an established neighbourhood enhance its lettability profile, particularly for medium-to-long-term residential leases targeting working professionals and expatriate communities.

Buyer Suitability Across Multiple Segments

The Landmark's specifications and pricing appeal across several distinct buyer cohorts. First-time upgraders seeking entry into central Singapore's residential landscape will find the two-bedroom configuration and MRT proximity particularly attractive, offering a stepping-stone between public housing and larger private residences. High-net-worth individuals may view the property as a complementary asset within diversified property portfolios, leveraging the Chinatown location for both investment returns and occasional personal use. Young professional couples and small family units benefit from the practical space allocation and transport convenience, enabling work-life balance without extended commute burdens. Astute investors recognise the rental income potential coupled with capital appreciation prospects within a perennially sought-after district.

Financing, Affordability, and ABSD Implications

At the S$1,820,000 asking price, prospective buyers should anticipate Total Debt Servicing Ratio considerations, typically allowing debt servicing of approximately S$7,200 to S$9,000 monthly for qualifying buyers with stable employment and existing financial commitments. First-time buyers benefit from exemption from Additional Buyer's Stamp Duty, whilst second-property purchasers face an ABSD liability of 15 percent on the purchase price, equating to S$273,000. This duty structure merits careful financial planning, as total acquisition costs inclusive of ABSD, legal fees, and survey charges will elevate the effective purchase price by approximately 20 percent for non-first-time buyers. Mortgage financing typically extends to 80 percent of the purchase price for first-time owner-occupiers, requiring a minimum cash deposit of approximately S$364,000.

Leasehold Tenure and Long-Term Value Preservation

Prospective purchasers must ascertain the property's leasehold tenure and remaining lease period, as this factor significantly influences long-term capital preservation and financing availability. Properties with lease periods exceeding 80 years retain robust financing terms and capitalisation rates, whilst shorter tenures—below 70 years—may attract more conservative valuations and stricter lending criteria from financial institutions. The central District 9 location mitigates lease decay concerns relative to outer-ring developments, as land scarcity and neighbourhood prestige typically support premiums even as lease years gradually diminish. However, potential buyers should conduct detailed lease tenure analysis and consult with legal advisors regarding any en-bloc redevelopment risk or tenure-related valuation implications prior to commitment.

Future Supply and Market Outlook

The Chinatown and Chin Swee Road precinct remains relatively supply-constrained compared to peripheral districts, as available development plots are predominantly occupied by established residential, commercial, or heritage-listed structures. This scarcity dynamic supports sustained demand and value resilience, particularly as Singapore's population remains growth-oriented and intra-CBD residential preferences intensify. Whilst the broader District 9 may see selective new supply within the Medium-Term Review period, the immediate Chinatown cluster is unlikely to experience material oversupply, positioning existing well-maintained assets such as The Landmark as defensible long-term holdings. Prospective buyers benefit from a maturing neighbourhood with stable demographic support and limited competitive new launches that could erode rental or capital appreciation prospects.

Concluding Assessment

The Landmark at 173 Chin Swee Road offers a compelling proposition for buyers prioritising central location, transport connectivity, and practical living configuration. At S$1,820,000 for a two-bedroom, two-bathroom unit of 678 square feet, the property delivers measurable value within District 9's competitive landscape. Whether acquired for primary residence, investment income, or portfolio diversification, this property merits serious consideration from serious buyers aligned with Chinatown's distinctive character and cosmopolitan appeal.

Frequently Asked Questions

What is the estimated rental yield for The Landmark if purchased as an investment property?

Based on comparable rental transactions within the Chinatown and Chin Swee Road precinct, The Landmark's two-bedroom configuration typically attracts monthly rents ranging from S$4,200 to S$4,800, depending on lease terms, unit condition, and tenant quality. This translates to an annualised gross rental yield of approximately 2.8 to 3.2 percent, calculated against the S$1,820,000 purchase price. The central location and MRT proximity enhance lettability, as professional renters and expatriate communities consistently seek central Singapore accommodation, supporting premium rental rates within this established neighbourhood. Conservative investors should model for periods of vacancy and maintenance costs, which typically reduce net yields to approximately 2.2 to 2.8 percent per annum.

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

The Landmark's asking price of S$1,820,000 for 678 square feet equates to approximately S$2,685 per square foot, positioning it within the mid-to-premium range for established District 9 residential developments. Recent comparable transactions in the immediate Chinatown precinct have demonstrated per-square-foot pricing ranging from S$2,450 to S$2,850, dependent upon unit specifications, building amenities, and lease tenure. This pricing reflects the area's desirability, MRT proximity, and historical significance as a cultural and commercial hub. Well-appointed two-bedroom units in competing developments proximate to Chinatown Station typically command similar per-square-foot metrics, suggesting The Landmark's pricing aligns with current market equilibrium and reflects neither exceptional discount nor premium relative to immediate comparables.

What are the Additional Buyer's Stamp Duty implications for second-property purchasers at this price point?

Second-property buyers of The Landmark face Additional Buyer's Stamp Duty (ABSD) at a rate of 15 percent on the S$1,820,000 purchase price, equating to S$273,000 in duty liabilities. This duty must be remitted within 14 days of the property purchase, substantially elevating total acquisition costs beyond the headline asking price. For investors or portfolio diversifiers, this S$273,000 cost represents a significant capital outlay that must factor into return-on-investment calculations and cash-on-hand requirements. When combined with legal fees, survey charges, and agent commissions, total acquisition costs typically reach approximately 20 to 21 percent above the purchase price, necessitating careful financial planning and liquidity assessment prior to proceeding with an offer.

Is there lease decay risk, and how might it affect long-term resale value?

The extent of lease decay risk depends upon the property's specific remaining lease tenure, which should be verified during the due diligence phase. For properties with leasehold tenures exceeding 80 years, lease decay risk remains minimal over the next 10 to 15 years, with valuation premiums remaining robust and financing terms remaining accessible from institutional lenders. However, if the property carries a lease period below 75 years, progressive lease decay may gradually impact capital appreciation potential, particularly if the lease dips below 70 years, at which point certain lenders impose stricter LTV criteria. The Chinatown location mitigates some lease-decay concerns due to the area's permanence and scarcity value, but prospective buyers must obtain a comprehensive lease tenure certificate from the Singapore Land Authority and factor residual lease length into their valuation assumptions and long-term holding strategy.

How does proximity to Chinatown MRT Station affect property demand and capital appreciation potential?

The Chinatown MRT Station (DT19) is one of Singapore's most utilised transit nodes, facilitating rapid access to the financial district, Marina Bay, Bukit Batok, and the broader Downtown Line corridor. Properties within walking distance of 800 metres consistently demonstrate superior demand from both owner-occupiers and investors, supporting higher rental rates and capital appreciation relative to developments requiring longer commutes. The nine-minute walk from The Landmark to Chinatown Station positions the property within what urban planners define as a 'walkable precinct', substantially enhancing its appeal to car-independent residents and reducing functional obsolescence risk. Historical data from the district indicates that MRT-proximate properties in Chinatown have demonstrated capital appreciation averaging 3 to 4 percent annually over five-year cycles, considerably outperforming properties located 1.2 km or more from major transit nodes.

Is The Landmark suitable for first-time home buyers, and what are the key considerations?

Yes, The Landmark presents a compelling proposition for first-time home buyers entering the private residential market, particularly upgraders from public housing seeking a central location and modern amenities. First-time buyers benefit from exemption from Additional Buyer's Stamp Duty, significantly reducing total acquisition costs compared to second-property purchasers and enabling more efficient capital deployment. The two-bedroom configuration provides flexibility for growing families or professionals requiring home office space, whilst the established Chinatown neighbourhood offers proven social infrastructure, schools, and community facilities. First-time buyers should ensure their household income comfortably exceeds TDSR thresholds (approximately S$260,000 annually for qualifying mortgages) and maintain liquid cash reserves of at least S$400,000 to S$450,000 inclusive of stamp duty, legal fees, and contingency buffers.

What are the TDSR and financing headroom implications for a S$1.82M purchase?

For the S$1,820,000 purchase price, assuming an 80 percent loan-to-value ratio typical for first-time buyers, the mortgage quantum would approximate S$1,456,000, repayable over a 25-year tenure at approximately S$7,100 monthly at prevailing interest rates of 3.5 to 4.0 percent. The Total Debt Servicing Ratio (TDSR) ceiling of 60 percent of gross household income mandates that combined debt repayments do not exceed this threshold, requiring household income of approximately S$237,000 to S$260,000 annually to comfortably service the mortgage and maintain financial headroom for other obligations. Second-property buyers utilising different financing structures or shorter loan tenures should model extended affordability constraints, as shorter repayment periods increase monthly obligations and narrow TDSR headroom. Conservative buyers should ensure household income substantially exceeds minimum TDSR requirements, ideally targeting debt servicing at 45 to 50 percent of gross income to preserve liquidity and financial flexibility.

How does The Landmark compare to competing developments in the immediate Chinatown vicinity?

The Landmark competes directly with established developments including Pearl Bank Apartments, Pinnacle@Duxton, and various conservation-adapted residential projects throughout the Chinatown Conservation Area. Compared to Pearl Bank's iconic heritage positioning, The Landmark offers more contemporary design sensibilities and likely superior amenity provision, though both developments command comparable per-square-foot pricing around S$2,600 to S$2,750. Pinnacle@Duxton typically commands higher valuations due to its premium architectural significance and expanded square footage, positioning it at approximately S$2,800 to S$2,950 per square foot, making The Landmark's S$2,685 per-square-foot pricing more accessible for budget-conscious buyers. Newer conservation-adapted residences in the immediate area demonstrate variable pricing dependent upon renovation quality and amenity specifications, with some comparable units pricing below The Landmark's per-square-foot metric and others commanding premiums, suggesting The Landmark occupies a competitive mid-tier positioning relative to immediate comparables.

Which unit stack or floor level typically offers the best value for a Chin Swee Road property?

Within multi-storey residential developments, mid-level units—typically floors 6 to 15—historically command premium per-square-foot pricing relative to ground-floor units due to superior natural ventilation, reduced noise from street-level activity, and perceived security benefits. However, these mid-level units often trade at substantial per-square-foot premiums without commensurate utility enhancements, particularly where quantum remains constant across the development. Lower-level units—floors 2 to 5—frequently offer superior value, retaining strong ventilation and reduced noise relative to higher floors whilst trading at more accessible pricing, particularly where views do not command significant premiums within the established Chinatown context. High-level units (floors 20+, if applicable) attract specific buyer cohorts seeking views and elevated privacy but typically command 8 to 12 percent per-square-foot premiums that exceed objective utility improvements. For investors and value-conscious buyers, lower-to-mid-level units offering competent ventilation and natural light—typically floors 4 to 10—balance affordability with functionality, delivering superior rental yields and capital appreciation relative to premium-priced upper-level alternatives.

What is the future supply pipeline in District 9 and the Chinatown precinct, and how might it affect property values?

District 9's future supply pipeline remains constrained relative to peripheral districts, as available development plots are predominantly occupied by established residential, commercial, heritage-listed, or conservation-gazetted structures that are effectively immune to redevelopment. Within the Chinatown Conservation Area specifically, strict architectural and land-use regulations mandate that any new development preserves the heritage precinct's character, substantially limiting density increases and new residential supply. The Urban Redevelopment Authority's Medium-Term Review may designate select sites for intensified development, but these remain geographically dispersed and unlikely to materially increase two-bedroom residential unit supply within the immediate Chin Swee Road vicinity. This relative supply scarcity supports long-term value resilience and rental demand stability, as limited competitive new launches prevent margin compression and maintain landlord pricing power. However, district-wide developments in nearby Ann Siang Hill, Tanjong Pagar, and Outram precints may incrementally dilute tenant demand through increased neighbourhood substitution options, though the Chinatown location's cultural significance and established infrastructure mitigate these pressures substantially.

The Landmark 2BR Condo, S$1.82M | Chinatown, 9min MRT