7 properties in Tanjong Pagar MRT
S$ 2,490,000
16 Enggor Street · Condo · 5 min (400 m) from EW15 Tanjong Pagar MRT Station
S$ 1,423,000
80 Anson Road · Condo · 7 min (570 m) from EW15 Tanjong Pagar MRT Station
S$ 1,199,000
1 Bernam Street · Condo · 7 min (570 m) from EW15 Tanjong Pagar MRT Station
S$ 3,751,888
16 Enggor Street · Condo · 5 min (400 m) from EW15 Tanjong Pagar MRT Station
S$ 1,200,000
2 Mistri Road · Condo · 4 min (330 m) from EW15 Tanjong Pagar MRT Station
S$ 1,780,000
70 Shenton Way · Condo · 4 min (350 m) from EW15 Tanjong Pagar MRT Station
S$ 2,250,000
1 Bernam Street · Condo · 7 min (570 m) from EW15 Tanjong Pagar MRT Station
The Tanjong Pagar precinct remains one of Singapore's most resilient central business district (CBD) locations, with strong demand from owner-occupiers seeking prime access to the financial district and established commercial hubs. Current listings show a price range spanning S$1.2 million to S$3.75 million, indicating a mature market with diverse entry points across different unit sizes and renovations states. However, given the proximity to MRT and ongoing urban renewal initiatives in the area, properties here tend to appreciate steadily, making it a reasonable time to purchase if you have a medium to long-term horizon and can afford the premium pricing typically associated with EW15 proximity.
Properties near Tanjong Pagar MRT have appreciated at a rate slightly ahead of the broader Central Region average, particularly units within a 5-minute walk of the station, as evidenced by the concentration of listings in the S$1.7–S$2.5 million sweet spot. The availability of new or recently renovated developments like Altez and Eon Shenton at premium price points reflects strong buyer confidence and limited new supply in this dense urban area. Unlike suburban precincts that have experienced slower growth, the CBD fringe location near Tanjong Pagar continues to attract investors and owner-occupiers alike, supporting relatively stable capital appreciation in line with or exceeding broader market trends.
Young professionals and established executives working in the financial or professional services sectors within the CBD represent the ideal buyer profile, given the unmatched convenience of a sub-5-minute commute to major employers at Shenton Way, Robinson Road, and Raffles Place. Expatriates with company housing allowances also find strong appeal in this location due to the cosmopolitan environment, proximity to international schools via easy MRT transfers, and proximity to upmarket dining and leisure facilities in the Tanjong Pagar heritage district. Empty-nesters downsizing from landed properties and seeking an urban lifestyle with low transportation friction also represent a growing segment, particularly for larger 3–4-bedroom units in developments like One Bernam.
Properties in this category typically fall into the S$1.2–S$2.5 million range, which ordinarily attract 70–80% loan-to-value (LTV) financing from banks, requiring buyers to have substantial down payments of S$240,000–S$750,000 depending on price and personal eligibility criteria. Buyers should expect stringent income requirements, with most banks requiring gross monthly household income of at least S$20,000–S$30,000 to service a mortgage on a S$2 million property comfortably at current interest rates near 3.5–4%. First-time buyers may face additional scrutiny on total debt servicing ratio, making it essential to review your complete financial profile with a mortgage broker before shortlisting; conversely, investors and HNI buyers often benefit from competitive rates and flexible terms given the asset quality and proven rental demand in this precinct.
Additional Buyer's Stamp Duty (ABSD) applies to investors at 5% of the purchase price for a second residential property and escalates to 10% for a third property onwards; on a S$2 million purchase, this translates to S$100,000 or S$200,000 respectively, which significantly impacts cash-on-cash returns. Buyers who are Singapore citizens or permanent residents pay standard Buyer's Stamp Duty of up to 3% (on the first S$180,000 then declining percentages) plus ABSD, whilst foreign investors face a flat 15% ABSD on top of standard stamp duty, making investment returns comparatively less attractive unless rental yields are exceptional. Corporate buyers and entities may structure purchases differently, but complexity increases; engaging a property lawyer to model ABSD liability under your specific circumstances is strongly recommended to avoid overpaying or missing planning deadlines that could trigger higher duty rates.
Properties in the Tanjong Pagar precinct typically command gross rental yields of 2.5–3.5% per annum, with 1-bedroom units fetching S$3,500–S$4,500 monthly and larger 2–3-bedroom units commanding S$5,500–S$8,000, making this one of Singapore's stronger-performing CBD rental markets despite the capital intensity. Vacancy risk is relatively low given the persistent demand from expatriate professionals and corporate relocation packages, with tenant turnover typically occurring annually; however, economic downturns in the financial services sector can impact occupancy rates more sharply than suburban precincts. Rental growth has historically tracked inflation plus 1–2% annually, but investors should be prepared for potential stagnation during downturns and factor in property tax (roughly 10–12% of the assessed annual value for residential properties) and agent commissions (typically 1% per party) when calculating net yields.
Properties within a 400-metre, 5-minute walk to the station (such as Altez and Lumiere) command a material premium of 8–15% over comparable units at 7–10 minutes walk, such as Newport Residences and One Bernam, reflecting the significant time savings for daily commuters and improved discoverability. The EW15 station's position on the East-West Line provides direct access to Jurong (the western growth corridor) and Pasir Ris without interchange, making it particularly attractive for cross-island commuters and reducing the perceived friction of living in a dense central location. Rental demand is similarly concentrated within the 5-minute walk zone, where units lease faster, achieve higher rents, and experience lower vacancy; this MRT proximity advantage is one of the most reliable drivers of sustained capital appreciation in the Tanjong Pagar micromarket, justifying the premium pricing observed in current listings.
The Tanjong Pagar precinct has limited planned new supply compared to other CBD locations, with the Urban Redevelopment Authority (URA) having largely consolidated and regulated further high-density residential development to preserve the heritage character of the area and manage transport capacity. Ongoing conservation and heritage preservation efforts may actually constrain supply, supporting long-term appreciation; however, the proposed expansion of retail and F&B offerings within the heritage enclave could shift the demographic profile toward a younger, more leisure-oriented tenant base. Investors should monitor URA masterplan updates and any land sales that might trigger new projects near the station; any significant new supply announcements would likely exert downward pressure on rental yields and capital values, particularly for older stock, making timing of purchase or sale decisions important in anticipation of such shifts.
Most residential properties near Tanjong Pagar MRT are leasehold with 99-year tenures from their original development date; buyers should verify the remaining lease length when shortlisting, as properties with less than 80 years remaining may face financing restrictions from conservative lenders and experience capital value compression in later years. Properties with leases below 80 years typically trade at discounts of 10–20% compared to longer-lease equivalents, which can impact your exit strategy and rental competitiveness; the HDB-style 99-year model differs from some older buildings in the precinct that may have 103-year or other variations, making tenure verification essential. For long-term owner-occupiers, lease length matters less, but investors should be particularly cautious, as sub-80-year leases can restrict the tenant pool (corporate housing providers and institutional investors increasingly avoid shorter-tenure properties) and may trigger mortgage pre-payment penalties if refinancing becomes necessary before lease maturity.
Structural condition and building age are critical; older blocks without major en-bloc restoration may require significant capital expenditure on common-property upgrades or rectification works, which can manifest as rising maintenance levies that erode investment returns and deter future buyers. Verify the exact walking distance to the MRT station, as even a 100-metre difference can impact rental demand and pricing; also inspect unit-level noise and vibration exposure from the station and nearby traffic, which is a material concern in tightly-spaced CBD precincts and often underestimated by first-time buyers. Finally, scrutinise building financial statements for any outstanding disputes with contractors, ongoing litigation, or deferred maintenance schedules, as CBD buildings sometimes accrue significant sinking fund liabilities that may trigger special levies; engaging a property surveyor or inspector for a pre-purchase audit is highly advisable for due diligence and negotiating power.
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