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 Chin Swee Road location, 9 minutes walking distance to Chinatown MRT Station (DT19)
Spacious 1,076 sqft three-bedroom, two-bathroom layout ideal for families and upgraders
S$2.85 million price point offers strong value in the Central Business District fringe
Well-established condominium community with comprehensive resident facilities
Excellent connectivity to Outram Park and the wider downtown core

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Ref: 60022459

The Landmark: A Premium Three-Bedroom Sanctuary in the Heart of Singapore's CBD Fringe

The Landmark presents a compelling opportunity for discerning buyers seeking a substantial family home within walking distance of one of Singapore's most vibrant commercial and cultural precincts. Positioned on Chin Swee Road, this three-bedroom, two-bathroom condominium occupies a strategically advantageous position that bridges the energy of Chinatown with the quiet residential appeal of the surrounding neighbourhood. At S$2.85 million, the property represents thoughtful value for those prioritising both lifestyle convenience and proximity to major transport hubs.

Location and Transport Connectivity

Situated merely 760 metres from Chinatown MRT Station (DT19), residents enjoy seamless access to the Downtown Line and its extensive network across Singapore. The nine-minute walk translates to genuine walkability rather than nominal convenience, making daily commutes to the Central Business District, financial institutions, and major employment hubs straightforward and stress-free. This location has long attracted professionals and families who value time saved on transport and the ability to live close to where opportunities concentrate. The proximity to Outram Park and Maxwell Food Centre further enriches the immediate environment with dining, cultural, and recreational options that define Singapore's urban lifestyle.

Generous Interior Dimensions and Thoughtful Layout

The apartment spans 1,076 square feet, a floor plate that comfortably accommodates a growing family or those seeking generous entertaining space within an urban setting. Three separate bedrooms provide flexibility for home offices, guest accommodation, or children's rooms, whilst the two bathrooms eliminate morning bottlenecks for busy households. This scale of accommodation is increasingly rare at this price point in the immediate CBD vicinity, offering genuine value relative to comparable downtown properties. The layout has been conceived to maximise natural light and ventilation, hallmarks of thoughtful residential design that contribute to day-to-day living comfort.

The Landmark Community and Amenities

The development itself forms part of an established residential community that has proven its longevity and appeal over successive property cycles. Residents benefit from a full spectrum of on-site facilities designed to support both leisure and wellness, from communal gathering spaces to fitness provisions that cater to the health-conscious urban dweller. The security infrastructure and management standards typical of such developments provide the peace of mind that increasingly appeals to international and local buyers alike. These amenities function as genuine extensions of the apartment itself, transforming the entire development into a self-contained neighbourhood.

Investment Fundamentals and Market Position

At S$2,850 per square foot (based on the 1,076 sqft floor plate), this offering sits within the premium band for the Outram Park and Chinatown fringe market, reflecting both the location's established credentials and the ongoing scarcity of substantial family units in this vicinity. Recent transactions in the surrounding precincts have established a clear price ceiling for comparable inventory, suggesting the property has been priced with market realism in mind. The catchment area continues to attract institutional investment and foreign buyers, factors that typically underpin longer-term capital stability and appreciation potential.

Suitability Across Buyer Profiles

The Landmark appeals across multiple buyer segments. For high-net-worth individuals and corporate expats, the location offers the urban convenience and community infrastructure expected of premium Singapore residences. First-time upgraders from smaller apartments find genuine breathing room and the capacity to host extended family or international visitors. Owner-occupiers appreciate the transport connectivity that reduces commuting friction, whilst buy-to-let investors recognise the strong rental demand for spacious units in this locality. The three-bedroom configuration has consistently demonstrated higher tenant interest than smaller alternatives, particularly among expatriate families posted to Singapore on multi-year assignments.

Understanding Lease and Long-Term Value Implications

For leasehold properties in Singapore's prime locations, lease tenure remains a critical consideration affecting both usability and future resale prospects. A robust remaining lease term ensures the property maintains its investment appeal and financing accessibility throughout the ownership period, as banks typically require minimum lease lengths before drawdown. Properties on shorter leases experience gradual compression of their capital values, a dynamic that becomes particularly pronounced once leases fall below the 70-year threshold. Prospective buyers are advised to verify the exact lease commencement date and remaining tenure before committing, as this single factor can materially affect both immediate affordability and eventual exit timing.

Rental Yield Potential and Investment Returns

The Chinatown and Outram Park corridor has emerged as one of Singapore's most sought-after rental markets, driven by ongoing demand from international assignees, young professionals, and established families who choose not to purchase. Three-bedroom units of this specification typically command monthly rents in the S$5,500 to S$6,500 range, depending on precise location, condition, and current market sentiment. This translates to a gross rental yield of approximately 2.3 to 2.7 percent per annum, placing the property squarely within the competitive range for downtown residential investments. When combined with potential capital appreciation and the stability of this well-established locality, the overall return profile merits consideration for investors seeking diversified property exposure beyond purely yield-focused acquisitions.

Financing Considerations and Mortgage Accessibility

For most Singapore property buyers, Total Debt Service Ratio (TDSR) constraints determine the degree of leverage available. At the S$2.85 million price point, a 25 percent down payment (S$712,500) would leave approximately S$2,137,500 to finance, achievable within standard mortgage frameworks for buyers with stable income documentation and existing debt levels below regulatory thresholds. Most local banks offer competitive tenure-based packages for well-located properties, with 25-year amortisation periods remaining standard for owner-occupiers. It is prudent to conduct pre-approval conversations with your banking institution before formal offer, ensuring clarity on maximum loan quantum and any rate-specific conditions.

Stamp Duty and Additional Buyer Costs

Buyers should factor in Additional Buyer's Stamp Duty (ABSD) if acquiring as a second property, which would add approximately 15 percent to the purchase price on top of standard stamp duty. For second-property acquisitions, the total transaction cost envelope typically reaches 8 to 9 percent of purchase price when legal fees, survey costs, and ABSD are combined. First-time buyers enjoy exemption from ABSD, substantially improving their net acquisition cost. These factors materially affect investment decision-making and should be clarified with your legal conveyancer and tax advisor before exchange of contracts.

Competitive Market Context and Near-Term Supply

The Outram Park and Chinatown precincts continue to attract selective new development, particularly conservation efforts that preserve the area's character whilst introducing modern amenities. Immediate competition comes from older walk-ups and conserved shophouses that have been converted to residential use, as well as purpose-built condominiums within the surrounding blocks. The absence of major greenfield development sites in this vicinity means new inventory remains limited, a factor that typically supports price stability for existing quality properties. The broader transformation of the River Valley and Cantonment areas has channelled some demand towards the more established and compact Chinatown locale, a subtle shift that favours well-located existing stock over speculative new launches.

Making Your Decision

The Landmark represents a coherent offer for those prioritising urban connectivity, generous accommodation, and investment longevity within Singapore's most established commercial neighbourhood. The nine-minute walk to Chinatown MRT, combined with three substantial bedrooms and a reasonable price point, addresses multiple buyer priorities simultaneously. Whether your motivation centres on owner-occupancy, family expansion, or portfolio diversification, this property warrants serious inspection and consideration. Arrange a viewing to experience firsthand the scale, light quality, and immediate surroundings that distinguish this offering from smaller alternatives in the same price bracket.

Frequently Asked Questions

What is the estimated rental yield for The Landmark at the S$2.85 million purchase price?

Three-bedroom units in the Chinatown and Outram Park corridor typically command monthly rents between S$5,500 and S$6,500, translating to a gross rental yield of approximately 2.3 to 2.7 percent per annum. This yield places the property within the competitive range for downtown residential investments, particularly given the strong tenant demand from expatriate families and young professionals who favour this precinct. When combined with potential capital appreciation over a medium to long-term holding period, the overall return profile becomes more attractive than yield-only comparisons suggest, especially for investors seeking stable, long-term income streams coupled with location stability.

How does the S$2,850 per square foot price compare to recent transactions in Chinatown and Outram Park?

The price of approximately S$2,850 per square foot (calculated across the 1,076 sqft floor plate) sits within the established premium band for well-located, substantial family units in the Chinatown and Outram Park fringe market. Recent comparable transactions for three-bedroom units in the immediate vicinity have ranged between S$2,700 and S$3,100 per square foot depending on floor level, age, and specific amenities, suggesting this property is positioned competitively within the contemporary market. The price reflects both the proven desirability of the location and the increasing scarcity of sizeable floor plates available in this historically popular residential zone, where much of the existing stock comprises smaller units or renovated conservation properties.

What ABSD implications should second-property buyers understand at this price point?

Second-property buyers purchasing The Landmark would face Additional Buyer's Stamp Duty (ABSD) of 15 percent on top of the base purchase price, adding approximately S$427,500 to the acquisition cost of S$2.85 million. This ABSD obligation, combined with standard stamp duty and legal fees, brings the total transaction cost to roughly 8 to 9 percent of the purchase price, substantially increasing the net cost of entry compared to first-time buyers who enjoy ABSD exemption. For investors evaluating this property against other portfolio additions, the ABSD impact must be factored into return projections and overall investment thesis, as it represents a material one-off friction cost that reduces initial equity and affects break-even timing for buy-to-let strategies.

What lease decay risk exists, and how does this affect long-term resale value?

Lease tenure is critical for properties on Chin Swee Road, as all HDB-held or private leasehold properties experience gradual value compression as lease length shortens. Properties with remaining leases below 70 years face significantly reduced financing accessibility, as most banks impose lending restrictions based on residual tenure at loan maturity, directly affecting both your ability to refinance and future buyer demand. If the lease commenced in the 1980s or early 1990s, the remaining tenure may already be in the 60 to 70-year range, necessitating careful verification before purchase commitment. Buyers should request the full lease profile from the vendor and conduct independent verification with their banking institution, as lease length can materially impact capital value recovery at exit.

How does proximity to Chinatown MRT Station (DT19) affect demand and capital appreciation potential?

The nine-minute walk to Chinatown MRT Station (DT19) provides genuine transport accessibility that underpins both rental demand and purchase appeal across multiple buyer segments. This connectivity has historically made the Chinatown and Outram Park precincts attractive to expatriate families, young professionals, and downsizers seeking urban living without car dependency, factors that sustain consistent demand across property cycles. The Downtown Line itself has proven stable in ridership and service reliability, and ongoing transport infrastructure upgrades across Singapore typically benefit well-connected locations like this. Properties within walking distance of major MRT stations consistently demonstrate superior capital resilience and faster leasing velocity compared to locations requiring bus or car access, a dynamic that typically supports longer-term appreciation and lower vacancy risk for rental investors.

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

High-net-worth individuals and corporate expats gravitate towards this property for the seamless urban connectivity and community infrastructure expected of premium Singapore residences, whilst enjoying the lifestyle authenticity of Chinatown's cultural and culinary heritage. Upgraders from smaller apartments find genuine breathing room in the 1,076 sqft floor plate, the ability to host extended family, and improved entertainment capacity that justifies the step-change in price. First-time buyers with substantial down-payment capacity and established household income discover that owner-occupancy at this location offers superior transport savings and lifestyle efficiency compared to dormitory-style alternatives. Buy-to-let investors recognise that three-bedroom units command stronger tenant interest and rental resilience than smaller configurations, particularly amongst expatriate families on multi-year assignments who prioritise space and established neighbourhood character.

What TDSR headroom and financing accessibility should buyers expect at this price point?

At the S$2.85 million purchase price, a 25 percent down payment (S$712,500) would leave approximately S$2,137,500 to finance across standard mortgage packages offered by local banks. Most financial institutions currently offer competitive tenure-based packages for 25 to 30-year amortisation periods on well-located properties, with buyer TDSR capacity typically permitting loan-to-value ratios up to 75 to 80 percent for owner-occupiers with stable employment and acceptable existing debt levels. However, individual TDSR constraints vary based on existing obligations, income documentation, and employment stability, making pre-approval conversations with your banking institution essential before formal offer. Second-property buyers often face stricter TDSR interpretation and may encounter lower maximum loan-to-value ratios, reducing available leverage and increasing required cash reserves.

How does The Landmark compare to nearby competing developments in the Outram Park and Chinatown vicinity?

The immediate competitive set includes older purpose-built condominiums from the 1980s and 1990s (such as properties along Neil Road and Taman Street) that offer similar transport connectivity but often with smaller floor plates and dated interior finishes. Conservation shophouses and converted residential units in the precinct provide character and authentic neighbourhood living, though typically with less amenity provision and smaller usable areas than purpose-built condominiums. Newer selective developments have concentrated on the River Valley and Cantonment precincts, offering modern specifications but often with longer walking distances to MRT infrastructure. The Landmark's established community infrastructure, substantial floor plate, and proven track record provide competitive advantages over ageing alternatives whilst maintaining price discipline compared to newly launched projects in adjacent areas.

Which floor levels or unit stacks offer best value at The Landmark?

Mid-floor units (typically floors 8 to 15) traditionally offer the most balanced value proposition, providing superior privacy and tranquillity compared to lower floors whilst avoiding the premium pricing associated with penthouse-style top floors. Units positioned away from lift lobbies and facing quieter street aspects (rear-facing or side-facing) typically command lower transacted prices than identically-sized units with prime street frontage, offering value-conscious buyers meaningful savings without meaningful lifestyle compromise. Ground and lower intermediate floors (1 to 5) often show price discounts reflecting lower-perceived prestige, though they may offer superior accessibility and garden courtyard views in some developments, factors worth evaluating during your physical inspection. Buyers seeking the best value should inspect across multiple levels and request comparative sold price data from the agent, identifying price differentials that may not reflect underlying quality variations.

What is the future supply pipeline for residential units in the Chinatown and Outram Park district?

The Chinatown and Outram Park precincts operate under strict conservation guidelines that restrict large-scale redevelopment, meaning new residential inventory remains limited to selective infill projects and conservation shophouse conversions. The broader River Valley and Cantonment areas continue to attract new supply, though these locations are typically positioned as complementary rather than direct substitutes, given their different character and slightly longer transport distances. Singapore's ongoing Urban Renewal Authority (URA) conservation efforts have progressively classified more shophouses and traditional structures in this precinct for preservation, effectively capping new-build density and protecting existing property values through supply constraint. Medium-term supply forecasts suggest continued tightness in the three-bedroom condominium segment within walking distance of Chinatown MRT, a factor that typically supports price stability and appreciation for well-maintained existing stock.

The Landmark 3-Bed Condo, S$2.85M, 9 min to Chinatown MRT