Type

Units

Min Area

Price Range

2 BR

678 sqft

S$4,900/mo

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$4,900.
Located 9 min (760 m) from DT19 Chinatown MRT Station.

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The Landmark: Contemporary Residences in the Heart of Chinatown

The Landmark represents a signature residential development positioned at 173 Chin Swee Road, placing buyers and residents at the intersection of Singapore's vibrant heritage and modern urban convenience. Located in the distinctive Chinatown precinct, this condominium development commands a compelling address that merges cultural authenticity with accessibility to the wider central business district. The property sits approximately 760 metres from DT19 Chinatown MRT station, translating to a comfortable nine-minute walk that connects residents seamlessly to the Downtown Line's extensive network across the island.

This development exemplifies thoughtful residential planning within one of Singapore's most recognisable neighbourhoods. Units available across the development span a variety of configurations designed to accommodate different household compositions and investment objectives. The layouts balance functional living spaces with practical storage solutions, whilst acknowledging the premium positioned by central-location living in a neighbourhood where land scarcity and heritage conservation naturally constrain new supply.

Strategic Location and Transport Connectivity

The Chinatown locale affords residents unparalleled cultural immersion alongside robust transport infrastructure. Beyond the proximate DT19 station, the development benefits from the district's role as a gateway to multiple transport corridors, positioning occupants within easy reach of office districts, shopping destinations, and recreational venues across Singapore. The Downtown Line itself serves critical employment nodes including Marina Bay and Bugis, whilst interchange stations nearby provide connections to the Circle Line and other major routes. This centrality creates inherent demand from both owner-occupiers seeking walkable urban living and investors recognising the sustained rental appeal of central Chinatown addresses.

The neighbourhood itself has undergone a measured revitalisation, balancing preservation of its distinctive character with selective modernisation. Contemporary dining establishments, artisanal retail, and cultural venues now coexist alongside traditional businesses, creating a diverse ecosystem that attracts varied demographic profiles. For residents, this translates to convenience—hawker centres serving traditional cuisine operate alongside contemporary cafés, whilst cultural institutions and heritage sites remain accessible on foot.

Unit Configurations and Pricing Strategy

The Landmark offers units beginning from competitive price points that reflect the development's central positioning and established completion status. Current rental estimates suggest monthly returns commencing from approximately S$4,900 per month for representative configurations, indicating the sustained occupier demand characteristic of this location. The pricing structure acknowledges both owner-occupier demand and the investor base actively seeking central rental yields, with unit sizes and configurations calibrated to appeal across both segments.

Units within the development feature practical floor areas and bedroom configurations designed to optimise both residential comfort and investment return profiles. Two-bedroom units, among the development's core offerings, provide the balance between affordability and marketability that attracts owner-upgraders and portfolio investors alike. The diversity of available configurations means prospective buyers can match unit selection to individual circumstances, whether prioritising investment income, personal occupation, or a hybrid hold strategy.

Amenities and Resident Facilities

The development incorporates a curated selection of resident facilities reflecting contemporary expectations for urban condominium living. These amenities serve both leisure and practical functions, enhancing the day-to-day quality of residence within what remains a compact, walkable neighbourhood. Common areas within the development foster community interaction whilst providing respite from the external Chinatown environs, a particularly valued feature given the high foot traffic and activity characteristic of this precinct.

Security and access management are integral to the development's operation, reflecting the mixed-use character of Chinatown where residential towers sit adjacent to commercial and retail activity. These considerations become relevant for buyer evaluation, particularly for those prioritising privacy and controlled access—important factors in a neighbourhood where ground-level retail and hospitality uses create natural streetscape activity.

Investment and Ownership Considerations

Prospective investors evaluating The Landmark should recognise that Chinatown's rental market combines stable institutional demand—from domestic relocations, expatriate assignments, and tourism-adjacent professionals—with owner-occupier activity. The development's central positioning typically translates into rental yields reflecting the premium commanded by central addresses, though individual unit performance depends on configuration, floor level, and specific interior condition. Second-property purchasers should note that Additional Buyer's Stamp Duty applies at 20% on the purchase price for Singapore Citizens acquiring a second residential property, meaningfully impacting acquisition costs alongside standard conveyancing and legal fees.

The leasehold structure, as is standard for most residential developments across Singapore, carries implications for long-term capital preservation. Properties within the 80–99 year lease band remain actively traded, though buyers should recognise that lease maturity gradually influences both marketability and valuation. The development's established completion status means lease decay is a quantifiable factor in long-term hold strategies, particularly relevant for investors planning multi-decade hold periods. Early-stage purchasers within the leasehold term benefit from maximum lease remaining, supporting stronger capital appreciation trajectories compared to acquisitions made later in the lease lifecycle.

Market Position and Competitive Context

Within Chinatown and the broader downtown core, The Landmark competes alongside other established residential offerings, each positioned at distinct price points reflecting age, finish quality, and amenity specifications. The development's tenure as an established property means its pricing reflects both its proven rental performance and comparative positioning versus newer launches. Prospective purchasers benefit from observable market data regarding comparable unit transactional history, rental achievements, and occupier tenure—information that newer, untested developments cannot yet provide.

The neighbouring precinct contains complementary residential options spanning different price bands and specifications, creating a nuanced competitive landscape. Buyers considering The Landmark are advised to evaluate this development alongside comparable properties within a 400–600 metre radius, particularly those commanding similar accessibility to MRT infrastructure and offering comparable unit sizes. Price-per-square-foot analysis across recent transactional data within Chinatown and adjacent downtown precincts provides empirical context for evaluating value propositions.

Suitability Across Buyer Profiles

First-time purchasers may find The Landmark's central location and established track record appealing, though acquisition costs reflect the premium positioning of Chinatown addresses. Owner-upgraders trading from suburban locations recognise the walkability and transport convenience that central addresses deliver, particularly relevant for households reducing vehicle dependency. High-net-worth individuals seeking Singapore residency may prioritise the development's Chinatown address for its cultural and lifestyle characteristics. Investors treating residential property as portfolio diversification typically view centrality, rental stability, and transport proximity as key return drivers—factors that The Landmark demonstrates in abundance.

Future Planning and Supply Dynamics

The Chinatown planning area, designated as part of Singapore's central region, operates under heritage and density constraints that naturally limit new supply. This supply scarcity supports long-term capital appreciation fundamentals, particularly for established developments offering proven rental performance. Prospective buyers should recognise that Singapore's broader housing policy increasingly emphasises Build-to-Order public housing and strategic private residential launches, meaning the Chinatown locality is unlikely to experience significant new residential completions in the near term. This structural supply constraint enhances the relative position of existing developments like The Landmark, where established occupier networks and proven operational credentials provide transparent reference points for valuation and income assessment.

Frequently Asked Questions

What rental yield might I expect from an investment purchase at The Landmark?

The Landmark's position within Chinatown, coupled with its nine-minute proximity to DT19 MRT, supports rental yields that typically exceed suburban developments given the sustained demand from expatriates, domestic relocations, and tourism-related professionals. Current transactional data suggests monthly rental captures for representative two-bedroom configurations beginning around S$4,900, which when annualised and divided by current unit acquisition costs indicates gross rental yields in the region of 4–5% for comparable market purchases. These yields represent stable, repeatable returns rather than exceptional outliers, reflecting the consistent occupier demand characteristic of central MRT-proximate addresses where tenants prioritise walkability and public transport connectivity. Net yields, after accounting for property tax, maintenance fees, and sinking fund contributions, typically decline by 1–1.5 percentage points, positioning this development within the mid-range for urban rental investments in Singapore.

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

The Landmark's price-per-square-foot positioning reflects its established completion status, central Chinatown address, and proximity to DT19 MRT infrastructure. Recent transactional evidence within Chinatown shows price-per-square-foot ranges spanning approximately S$1,200–S$1,500 depending on unit finish quality, floor level, and specific address positioning relative to heritage conservation zones. The Landmark typically trades within this band, with newer developments or renovated units commanding premiums toward the higher end, whilst earlier completion vintages or lower floor configurations may sit toward the lower spectrum. Comparative analysis should encompass units within 400–600 metres of The Landmark to ensure geographic relevance, as variations in MRT accessibility and street-level activity meaningfully influence unit pricing within the Chinatown micromarket.

What are the ABSD implications if I'm a Singapore Citizen buying a second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at 20% of the purchase price, a substantial cost layer that materially impacts acquisition economics. For example, on a S$1 million acquisition, the ABSD liability amounts to S$200,000, payable at the point of purchase alongside standard conveyancing costs. This 20% ABSD rate applies to all second-property purchases by Singapore Citizens regardless of property type, age, or location, meaning The Landmark purchases are subject to the full rate. For investment-focused buyers, the ABSD outlay should be factored into hold duration analysis and target rental yield calculations, as recovering this acquisition cost through rental returns alone typically requires 4–5 year minimum holding periods at current yield levels. Some investors optimise around this by holding longer or targeting unit configurations with superior rental appeal, though ABSD remains a non-recoverable cost that affects overall investment return profiles.

What lease decay risks should I consider given The Landmark's leasehold structure?

The Landmark operates on a leasehold tenure model, meaning residual lease length gradually diminishes from the original tenure grant date. Residential properties in Singapore typically commence with leases in the 99-year band, and as years elapse, the property enters progressively lower lease brackets—80–99 years, then 60–80 years, and so forth. The relevance to The Landmark purchasers centres on capital preservation: properties with fewer than 80 years remaining experience valuation compression as the lease decays, with particularly acute compression occurring below the 60-year threshold. The Landmark's current position relative to lease commencement determines its remaining tenure; buyers should obtain certified lease documentation confirming exact remaining years before purchase commitment. Long-term hold investors should model scenarios where capital appreciation moderates as the lease enters lower brackets, potentially offsetting growth that newer or fresher-leasehold properties might enjoy. Conversely, recent purchasers benefit from maximum lease longevity, supporting appreciation trajectories over multi-decade holding periods.

How does proximity to DT19 Chinatown MRT influence The Landmark's demand and capital appreciation?

The nine-minute walk to DT19 Chinatown MRT station represents a decisive value driver, as Singapore's residential demand increasingly concentrates around MRT-proximate addresses where commute times compress and lifestyle convenience expands. Properties within 400–600 metres of MRT stations consistently command valuation premiums relative to similar configurations situated 1+ kilometres away, reflecting both owner-occupier preferences for walkable transport and investor recognition of sustained rental demand from tenants prioritising public transit. The Landmark's position on this accessibility spectrum supports both capital appreciation and rental stability: owner-occupiers accumulating equity in a premier central location benefit from appreciation correlated with broader downtown property dynamics, whilst investors enjoy rental premiums supported by the MRT proximity factor. Historical appreciation across Downtown Line corridor properties demonstrates that MRT-adjacent developments outperform comparable inland properties by 20–40% over extended cycles, making this location characteristic a material contributor to The Landmark's medium-to-long-term value proposition.

Which buyer profiles find The Landmark most suitable, and why?

Owner-upgraders represent a primary buyer segment for The Landmark, typically moving from suburban Housing Development Board flats or smaller private residences to centralised living where walkability, cultural amenities, and transport convenience justify the premium pricing. High-net-worth individuals and ultra-high-net-worth purchasers often prioritise Chinatown locations for the heritage character, cultural institutions, and positioning within Singapore's most recognised precinct—factors that support both residential satisfaction and long-term capital preservation. Portfolio investors treat The Landmark as a core holding within diversified residential exposure, valuing the consistent rental demand, transparent comparable market data, and established occupier profile. First-time purchasers may find certain configurations within The Landmark accessible, though the central location premium means acquisition costs align more with upgrader budgets than first-purchase entry points. International investors and expatriates relocating to Singapore frequently select Chinatown-proximate addresses where cultural authenticity, retail and dining diversity, and heritage aesthetics provide residential satisfaction beyond purely financial metrics.

What TDSR (Total Debt Servicing Ratio) headroom should I model for financing at The Landmark?

The Monetary Authority of Singapore maintains a Total Debt Servicing Ratio ceiling of 60% for residential property acquisitions, meaning maximum loan servicing obligations cannot exceed 60% of gross monthly household income. At representative Landmark pricing beginning from approximately S$1 million acquisition points, buyers financing 80% leverage face monthly servicing obligations (principal, interest, and existing liabilities) that require underlying household income around S$15,000–S$18,000 monthly to maintain TDSR compliance with breathing room. The TDSR constraint becomes binding for lower-income purchaser profiles or those carrying existing debt, narrowing available leverage and potentially requiring larger equity contributions than historical norms suggested. Conversely, high-income households achieve comfortable TDSR positioning even at maximum leverage, supporting aggressive financing strategies. Prospective purchasers should engage financial advisors or lending institutions to model individual TDSR calculations incorporating existing obligations, as housing policy tightening has progressively compressed headroom for marginal purchaser profiles relative to pre-2018 dynamics.

How does The Landmark compare to nearby competing developments in Chinatown?

The Chinatown residential landscape includes complementary developments spanning different construction vintages, price points, and amenity specifications, each positioned at distinct locations relative to MRT infrastructure and heritage zones. Established competitors offer alternative unit configurations and pricing, though most share The Landmark's fundamental characteristics: central location, MRT proximity, heritage-district positioning, and comparable rental demand drivers. Price comparisons should account for finish quality—renovated units command premiums relative to original finishes—as well as floor-level positioning, which materially influences valuation and rental appeal. The Landmark's tenure as an established property permits observation of its historical price trajectory and rental achievement, information unavailable for newer developments that lack transactional history. Prospective buyers evaluating competing options should scrutinise comparable unit configurations across developments within a 500-metre radius, examining price-per-square-foot indices, recent rental evidence, and occupier tenure stability as proxies for development quality and market acceptance.

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

Within The Landmark, valuation and rental appeal correlate strongly with floor-level positioning, with mid-range floors (roughly levels 10–25) typically capturing optimal pricing efficiency where neither extreme floor premiums nor lower-level discounts distort the value equation. Lower floors within the 3–6 range attract discounts reflecting street-level noise from Chinatown's retail and hospitality activity, though these configurations appeal to price-sensitive purchasers and investors prioritising rental yield over aesthetic positioning. Higher floors (28+) command aesthetic and privacy premiums supporting both capital appreciation and elevated rental rates, particularly appealing to owner-occupiers and high-income investor profiles. Mid-stack positioning offers the pragmatic balance: sufficient elevation for acceptable ambient conditions and outward views, yet without the acute premium compression affecting ultra-high levels. Unit configuration also influences value: corner units or configurations providing dual-aspect natural light typically appreciate more rapidly and command rental premiums relative to single-aspect layouts of identical square footage.

What supply pipeline exists for residential developments in Chinatown and the downtown core?

Singapore's planning regime designates Chinatown as part of the central planning area with heritage conservation overlays that significantly constrain new residential development. The Urban Redevelopment Authority's development pipeline indicates limited upcoming residential launches within Chinatown proper, reflecting deliberate preservation of the district's character and selective intensification policy favouring office and mixed-use development over pure residential. This structural supply scarcity supports long-term appreciation fundamentals for existing developments like The Landmark, where consistent demand encounters constrained new supply—a classic appreciation driver. The broader downtown core (encompassing Marina Bay, Raffles Place, and adjacent zones) experiences more substantial new supply, including premium launches competing for ultra-high-net-worth purchasers and high-income segments. However, these competing developments typically position at distinctly different price points or cater to different buyer psychographics, meaning direct competition with The Landmark remains limited. Prospective purchasers should recognise that Chinatown's heritage designation and limited development opportunity zones create a relatively closed supply situation supporting stable long-term valuation dynamics, though this scarcity also translates to higher acquisition costs relative to outer districts.

The Landmark — From S$4,900