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

2-bedroom, 2-bathroom unit at The Landmark priced at S$1,799,999 with 764 sqft of living space
Prime Chin Swee Road location just 9 minutes' walk (760m) from Chinatown MRT Station (DT19)
Established residential address in vibrant heritage district with excellent connectivity and amenities
Well-proportioned layout suitable for upgraders, investors, and owner-occupiers seeking urban convenience
Strategic positioning in a mature estate with strong transport links to business and leisure precincts

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Ref: 500091149

The Landmark: A Distinguished Address on Chin Swee Road

The Landmark stands as an established residential destination along Chin Swee Road, positioned within one of Singapore's most culturally resonant and commercially dynamic neighbourhoods. This 2-bedroom, 2-bathroom condominium unit, offered at S$1,799,999, represents a compelling opportunity for buyers seeking both urban convenience and proximity to heritage attractions. With a practical floor area of 764 square feet, the unit combines functional living with accessibility to Singapore's pivotal transport nodes.

Location Advantages and Transport Connectivity

Situated just 760 metres—approximately a 9-minute walk—from Chinatown MRT Station (DT19), this property benefits from direct access to the Downtown Line. This positioning ensures seamless commuting to the Central Business District, Marina Bay, and the East Coast corridor. For professionals working in these hubs, the proximity to MRT infrastructure significantly reduces travel time and transport costs. The walkability factor enhances daily convenience, allowing residents to access the station without reliance on private vehicles for routine journeys.

Beyond immediate MRT connectivity, the location serves as a gateway to both the heritage conservation precinct of Chinatown itself and the modern commercial zones radiating outward. Residents enjoy proximity to numerous F&B establishments, retail outlets, and cultural institutions that characterise the area. The neighbourhood's mature infrastructure means established schools, healthcare facilities, and traditional markets remain within easy reach.

Unit Specification and Layout

The unit comprises two generously proportioned bedrooms and two full bathrooms across 764 square feet, providing a layout that appeals to diverse buyer profiles. Whether furnishing a first home, upgrading from a smaller unit, or acquiring an investment property, this configuration offers flexibility. The two-bathroom arrangement is particularly advantageous for families or co-occupants requiring independent facilities. The overall square footage allows for comfortable living without excessive dead space, reflecting practical design that maximises usable areas.

Investment and Ownership Considerations

For investor-buyers evaluating rental potential, this unit's location near Chinatown MRT and within a mature estate presents solid fundamentals. The accessibility to transport infrastructure, combined with the area's established amenities and cultural attractions, supports steady tenant demand. Monthly rental rates in comparable units within similar proximity to MRT stations in this district typically range between S$3,200 and S$3,800, suggesting annual gross rental yields in the region of 2.1 to 2.5 per cent when calculated against the purchase price. Lease decay represents a consideration for leasehold properties; prospective buyers should verify the remaining lease term and understand how diminishing tenure may impact future resale valuations as the property approaches the 30-year threshold.

For owner-occupiers, the property serves as a stable residential asset within a neighbourhood that has demonstrated resilience and incremental capital appreciation over successive property cycles. The Downtown Line's ongoing expansion and potential future infrastructure improvements in the wider district could support medium-term value retention and modest growth prospects.

Suitability Across Buyer Segments

First-time homebuyers entering the market at this price point benefit from established neighbourhood character and transport connectivity, though they should carefully assess financing headroom and TDSR constraints. Upgraders transitioning from smaller units or HDB flats find the two-bedroom layout and condominium amenities appeal genuinely appealing, particularly those relocating from distant estates seeking reduced commute times. High-net-worth buyers treating the purchase as portfolio diversification or a convenient secondary residence can leverage the location's cultural vibrancy and cosmopolitan atmosphere. Investors focused on stable, moderate rental yields in a low-volatility neighbourhood encounter a property positioned within a mature cycle, offering predictable rather than speculative returns.

Market Context and Comparable Pricing

Recent transactions for 2-bedroom units in comparable developments within the Chinatown and adjacent precincts suggest a price per square foot ranging between S$2,200 and S$2,400, depending on unit condition, floor level, and remaining lease tenure. At S$1,799,999 for 764 square feet, this listing calculates to approximately S$2,355 per square foot, positioning it within the realistic mid-to-upper range for the micro-location. The pricing reflects both the established nature of the building and the premium commanded by immediate MRT proximity.

Prospective purchasers should assess this valuation against competing offerings in the surrounding blocks and similar-vintage developments. Those acquiring as a second property should factor in the Additional Buyer's Stamp Duty (ABSD), which at 15 per cent on the purchase price would add approximately S$269,999 to the total transaction cost. First-time buyers benefit from ABSD exemption, whilst investors purchasing their first property receive a lower ABSD rate of 5 per cent, or S$89,999. These stamp duty implications warrant careful financial planning, particularly for investors managing cash flow across multiple properties.

Financing and Affordability Metrics

Assuming a 75 per cent loan-to-value financing arrangement, purchasers would require approximately S$449,999 in cash, including the down payment and associated closing costs. Monthly mortgage servicing on a 25-year amortisation at prevailing interest rates would approximate S$6,500 to S$7,000, depending on the precise loan terms and rate environment. The Debt-to-Service Ratio (TDSR) framework, which caps monthly debt obligations at 60 per cent of gross monthly income, implies that qualifying buyers require a gross monthly household income of approximately S$11,000 to S$11,700. This threshold excludes other debt obligations such as car loans or credit card commitments, which would further reduce available lending capacity. Buyers with tighter financial margins or existing liabilities should engage financial advisors to confirm their precise borrowing headroom before submitting offers.

Future District Development and Capital Implications

The Chinatown precinct and surrounding Outram Planning Area remain subject to ongoing urban rejuvenation initiatives. The Urban Land Institute and government publications have highlighted potential for mixed-use redevelopment and heritage-compatible infill projects within the district. However, significant new residential supply is not anticipated in the immediate vicinity; most new construction gravitates toward larger, previously industrial sites further from the conservation core. This supply constraint supports price resilience, though buyers should recognise that future developments in adjacent precincts (such as the Tanglin Barracks or other strategic sites) could incrementally shift demand patterns across the broader south-central corridor.

Capital appreciation prospects remain modest but stable, aligned with long-term inflation and the broader property market cycle rather than speculative growth. The property represents a sound long-term hold for owner-occupiers prioritising location and convenience over rapid equity accumulation.

The Case for The Landmark

This unit exemplifies a mature, well-established residential offering positioned within Singapore's most culturally distinctive and conveniently connected neighbourhoods. The combination of two bedrooms, two bathrooms, practical square footage, and proximity to Chinatown MRT creates compelling appeal across multiple buyer cohorts. Whether seeking a primary residence, a secondary property, or a moderate-yield investment, the property merits serious consideration by buyers whose priorities align with urban convenience, established infrastructure, and steady rather than speculative value prospects.

Frequently Asked Questions

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

At the asking price of S$1,799,999, estimated gross rental yields range from 2.1 to 2.5 per cent annually, based on comparable monthly rents of S$3,200 to S$3,800 for similar 2-bedroom units in this micro-location. This yield reflects the property's maturity within an established neighbourhood rather than speculative rental growth potential. Investors should account for property tax (approximately S$600–800 annually), maintenance fees, and potential vacancy periods when calculating net returns; these factors typically reduce gross yields by 0.4 to 0.6 percentage points. The relatively moderate yield suits conservative investors prioritising capital preservation and steady income over aggressive appreciation, particularly those viewing the property as a diversified asset alongside other income-generating holdings.

How does the price per square foot compare to recent transactions in Chinatown and surrounding areas?

This unit is priced at approximately S$2,355 per square foot, positioning it within the mid-to-upper range for 2-bedroom units in comparable developments within Chinatown and the adjacent Outram Planning Area. Recent market data suggests comparable units have transacted between S$2,200 and S$2,400 per square foot, depending on factors such as unit condition, floor level, remaining lease tenure, and proximity to MRT infrastructure. The pricing reflects both the established vintage of the building and the premium commanded by the property's 9-minute walk to Chinatown MRT Station (DT19). Buyers evaluating value should cross-reference comparable units within a 400-metre radius to confirm the asking price aligns with recent market movements and unit-specific features.

What are the ABSD implications for second-property and investor buyers at this S$1.8M price point?

Second property buyers face an Additional Buyer's Stamp Duty (ABSD) charge of 15 per cent on the purchase price, adding S$269,999 to the total acquisition cost, bringing effective purchase expenditure to S$2,069,999. First-time buyers are exempt from ABSD entirely, whilst investors purchasing their first property incur a reduced ABSD rate of 5 per cent, or S$89,999. These ABSD obligations require significant upfront cash reserves and materially alter the return-on-investment calculations for multi-property owners. For a second-property buyer, the ABSD impact should be factored into financing plans, as many lenders cap loan-to-value ratios at 75 per cent for non-first-time purchases, necessitating a down payment of at least S$449,999 plus S$269,999 in ABSD—totalling approximately S$720,000 in initial cash outlay before other closing costs.

What is the lease decay risk, and how might it affect long-term resale value?

The listing does not specify whether the unit is held on a 99-year, 103-year, or shorter-tenure lease; prospective buyers must confirm the remaining lease term before proceeding, as this directly impacts future resale valuation and financing availability. For leasehold properties, lease decay becomes a material concern once tenure drops below 70 years, as both lenders and purchasers assign diminishing valuations to properties with eroding lease terms. If the property holds a 99-year lease from original grant (typical for Singapore condominium units), the remaining tenure would be approximately 65–75 years, depending on the project's completion date; this proximity to the critical 70-year threshold warrants urgent verification. Buyers intending to hold long-term should prioritise confirmation of lease duration and factor in potential refinancing difficulties or valuation haircuts if the property is later offered for sale when tenure drops below 60 years.

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

The 9-minute walk (760 metres) to Chinatown MRT Station (DT19) represents a significant demand driver, as immediate MRT accessibility typically commands a 5 to 10 per cent premium relative to properties requiring 15+ minute journeys on foot. This proximity supports both owner-occupier appeal (reduced commute times to CBD and East Coast offices) and tenant demand for investor-buyers, sustaining stable rental competitiveness across economic cycles. The Downtown Line's integration with the broader MRT network, combined with ongoing transport infrastructure improvements (such as the Thomson-East Coast Line and future enhancements), reinforces the location's long-term strategic value. However, capital appreciation is likely to be modest and inflation-aligned rather than speculative; the property's strength lies in demand resilience rather than explosive growth, benefiting primarily from sustained transport connectivity and incremental neighbourhood amenities rather than major supply shocks or development catalysts.

Which buyer profiles are best suited to this property—HNW, upgraders, first-timers, or investors?

Upgraders represent the strongest match, as the 2-bedroom, 2-bathroom layout and established condominium amenities offer clear improvements over HDB flats or smaller apartments, whilst the Chinatown location appeals to buyers seeking cultural vibrancy and reduced commute times. First-time buyers benefit from ABSD exemption and the property's established neighbourhood character, though they must carefully assess TDSR constraints and ensure gross monthly household income exceeds approximately S$11,000–S$11,700 to support financing. High-net-worth buyers treating the purchase as a secondary residence or portfolio diversification can leverage the location's cosmopolitan appeal and heritage attractions, though the modest rental yield (2.1–2.5 per cent) may not satisfy investors targeting 3+ per cent returns. Conservative investors prioritising capital preservation and steady income in a low-volatility, mature estate find appeal here; however, those seeking rapid appreciation or speculative growth should explore emerging precincts with stronger supply constraints or planned infrastructure catalysts.

What is the TDSR financing headroom at S$1.8M, and how much monthly income is required?

Using a standard 75 per cent LTV loan assumption and 25-year amortisation at prevailing interest rates (currently 3.5–3.8 per cent), monthly mortgage servicing on this property would approximate S$6,500–S$7,000. The Monetary Authority of Singapore's TDSR framework caps total monthly debt obligations at 60 per cent of gross household income, implying a minimum gross monthly income of approximately S$11,000–S$11,700 to qualify for financing without exceeding the regulatory ceiling. Buyers with existing car loans, credit card balances, or other liabilities will have correspondingly reduced borrowing capacity; for example, a buyer with S$1,500 in existing monthly debt payments would require gross household income of approximately S$14,500 to access full financing on this property. First-time buyers should engage a bank directly to confirm precise loan eligibility, as each lender applies individual credit policies and income verification standards that may vary from these general calculations.

How does pricing compare to nearby competing developments in the Chinatown and Outram precincts?

At S$2,355 per square foot, this unit sits competitively within the Chinatown and adjacent precincts, where comparable 2-bedroom units in nearby developments typically transact between S$2,200 and S$2,400 per square foot depending on age, condition, and MRT proximity. Established developments in the immediate vicinity, such as units in comparable-vintage condominium blocks within 500–600 metres of Chinatown MRT, command similar or marginally higher per-square-foot valuations, reflecting the premium assigned to walkable MRT access and heritage-district locations. Newer or more recently renovated units may achieve marginally higher per-square-foot prices, though the supply of brand-new stock in the conservation-restricted Chinatown core is severely limited. Buyers should directly compare recent sales data for competing units at similar MRT distances and in equivalent condition to confirm the asking price reflects current market dynamics and relative value proposition.

Which floor levels or unit stack positions offer the best value proposition within this property?

Mid-to-high floor units (typically floors 8–15) command the strongest value equilibrium, as they balance unobstructed views and natural light against the lower pricing differential compared to premium-level units; these levels avoid the street-level noise and reduced privacy of lower floors whilst sidestepping the premium pricing of penthouse or top-quartile levels. Corner or end-stack units generally attract modest premiums (2–5 per cent) due to enhanced cross-ventilation and light exposure, making them attractive for long-term owner-occupiers prioritising amenity; however, investor-buyers may find the marginal price uplift does not translate proportionally into higher rental appeal. Lower-level units (floors 1–4) typically discount by 5–10 per cent due to reduced privacy, street-level noise, and reduced natural light; these units suit budget-conscious investors tolerant of modest rental yield trade-offs in exchange for price entry points. Buyers should request stack plans and floor-level pricing breakdowns from the marketing agent to identify units offering optimal personal preference–to-price ratios before negotiation.

What future supply and development pipeline exists in the Chinatown and surrounding Outram Planning Area?

The Chinatown conservation precinct itself is subject to stringent architectural and heritage controls that severely constrain new residential supply; most future growth gravitates toward adjacent precincts such as the Tanglin Barracks, which are undergoing master-planned mixed-use redevelopment with potential for residential components across the 2025–2030 horizon. The Urban Redevelopment Authority's medium-term planning framework identifies selected industrial and underutilised sites on the periphery of Chinatown (particularly along Outram Road and surrounding blocks) as potential infill locations, though densification timelines remain uncertain and subject to formal planning approval. The scarcity of greenfield development sites within the immediate Chinatown micro-location supports price resilience, as future supply constraints are unlikely to trigger competitive pressure from new developments competing directly with this established, MRT-accessible offering. However, spillover supply in wider precincts may gradually shift demand distribution; buyers should view capital appreciation prospects as modest and inflation-aligned rather than speculative, suited to long-term holders prioritising convenience and location stability over explosive growth potential.

What ongoing costs and service charges should buyers anticipate for this condominium unit?

Condominium service charges in established Chinatown-precinct developments typically range from S$300–S$450 monthly, covering common-area maintenance, security, lift servicing, and landscaping; the exact figure depends on building age, maintenance standards, and resident composition, so buyers should request a 12-month payment history and annual service charge forecasts from the marketing agent. Property tax in Singapore applies at graduated rates based on annual value estimates; for a property of this price and rental potential, expect annual property tax in the region of S$600–S$900, though exact liability depends on the individual property's assessed value and the annual valuation review. Additional costs include annual insurance on mortgage (if financing), utilities (water, electricity, gas), and optional coverage such as building or contents insurance; budgeting a total monthly outlay of approximately S$7,300–S$8,200 (inclusive of mortgage, service charges, property tax amortised monthly, and utilities) provides a realistic planning baseline for owner-occupiers. Investor-buyers should separately account for potential void periods, maintenance reserves for major repairs (recommend setting aside 5–10 per cent of gross rental income annually), and property management fees if outsourcing tenant management.

The Landmark 2-Bed Condo, S$1.8M, Chinatown – 9 Min MRT