Ki Residences, Condo At Sunset Way in Singapore's District 21

Ki Residences Condo @ Sunset Way

This is a review of the Ki Residences condo @ Sunset Way, a 999-year leasehold condo development located in the exclusive Sunset Way estate (off Clementi Road) and at the fringe of the city. It will occupy the Former Site of Brookvale Park Condo with a sprawling 373,008 sqft of land. With a plot ratio of 1.6, the site will yield a total gross floor area (GFA) of 656,494 sqft, inclusive of the 10% bonus area for balcony.

Address: 1 Brookvale Drive, Singapore 599968. (Do take note that the showflat is located at Dunearn Road, just opposite the Sixth Avenue MRT station). Please CALL US if you have any difficulties finding the place.

 

The project will yield 660 units consisting of ten 12-storey high blocks that will blend seamlessly with the lush greenery and idyllic surroundings. Taking inspiration from the Japanese word "ki", the design concept seeks to harmonise its inhabitants with their natural surroundings to improve their well-being.

Although the area is a designated enclave for two-storey bungalows and private residential developments, many essential amenities can be found around it. Hence, its allure for those looking for a combination of exclusivity and convenience.

To navigate directly to each section of the review, please click on the links in the Table of Contents below.

Ki Residences Condo - Key Attributes

Below are some key attributes of the Ki Residences At Brookvale that makes it an attractive investment.

  • Exquisite Design Concept
  • 999-year leasehold land
  • Tranquil environment with lush greenery and low vehicular traffic
  • Close proximity to education institutions, shopping malls and other essential amenities
  • Excellent Transport Connectivity
  • Potential Cross Island Line MRT station
  • Proximity to major economic zones enhances investment potential
  • Exciting developments under the URA Master Plans for Clementi and Beauty World
  • Proximity to nature parks and the Rail Corridor

 

Ki Residences' Exquisite Design Concept

The design concept of the Ki Residences takes inspiration from the Japanese word "ki". It encompasses the serenity, exclusivity, natural setting, spacious grounds and the wholesomeness and well being of its inhabitants. The spirit of the place and genius loci are woven into every aspects of the design while taking advantage of the lush greenery and tranquil environment in Sunset Way.

It seeks to provide a home that celebrates every facet of life. More than a place of residence, it will be a retreat from the hustle and bustle of modern living, as well as a place to relieve stress and re-energise. Onsite greenery will cover more than 35% of the gound and there will also be more than 50 facilities for leisure and recreation that cater to residents of all ages.

Ki Residences Design Concept

Ki Residences Family Pool

Family Pool

Ki Residences Hydro-Therapy Shower

Hydro-Therapy Shower

Gym Lookout Over 50m Lap Pool

Gym Lookout Over 50m Lap Pool

Ki Residences Clubhouse

Clubhouse

Ki Residences Living Room - Signature Series

Living Room - Signature Series

Ki Residences Cantlivered Gym

Cantlivered Gym

The ENZO - Main Clubhouse

The ENZO - Main Clubhouse

Ki Residences Glamping And BBQ Deck

Glamping And BBQ Deck

Ki Residences Function Room

Function Room

Ki Residences Master Bedroom - Luxury Collection

Master Bedroom - Luxury Collection

999-Year Tenure Negates Decaying Lease Fears

The Ki Residences Condo is a 999-year leasehold development. Given the scarcity of such land in Singapore, such a property is expected to attract strong interest, especially when the government will no longer be selling land with more than 99-year leases. Hence, freehold and 999-year leasehold land will only come from existing stocks owned privately and made available through private or en-bloc sales.

Recently, there have been much talk about lease decay affecting the value of HDB flats. However, with a 999-year lease for the Ki Residences, much of the fear will be largely negated.

 

The Ki Residences - Nested Within Idyllic Sunset Way Estate

Tranquil Sunset Way

Tranquil Sunset Way

The Ki Residences is nested within the idyllic Sunset Way estate. It is known for its tranquil surroundings with lush greenery, open spaces and low vehicular traffic. Hence it is a great place to go for a stroll, jog, take your dog out for a walk or simply let the children have some fun at the playgrounds. In fact, there are three playgrounds in Sunset Way as well as fitness stations and benches for rest.

There is also a small shopping mall called Clementi Arcade with several interesting restaurants and cafes. It's only a 12-minute walk from the Ki Residences and provides a great place to chill out.

 

Clementi Arcade - A Little Known Gem In Sunset Way

Clementi Arcade Near KI Residences Condo at Sunset Way Clementi

Clementi Arcade

Perhaps, unknown to many, the Clementi Arcade in Sunset Way houses a Cold Storage supermarket and several interesting food outlets and lifestyle cafes. These include include Baker & Cook and Sunset Railway that serve western and local cuisines respectively. There is also a confectionery (Charles' Classic Cakes) and an ice-cream parlour (Daily Scoop) that sells freshly made ice-cream.

It is a great place to bring the kids for a treat after a runabout in the nearby playgrounds, have a nice family meal or just chit-chat with friends over a cuppa in a relaxing setting.

The Clementi Arcade is also home to a pediatric clinic, hair salon, a kindergarten and an international school, among other businesses.

 

Picturesque Ulu Pandan Canal

Picturesque Ulu Pandan Canal Near Ki Residences Condo

Ulu Pandan Canal

The Sungei Ulu Pandan (or Ulu Pandan Canal) is located near the Clementi Arcade and there is a bridge that provides a short-cut to the Clementi housing estate and MRT station.

Running alongside the canal is the Ulu Pandan Park Connector. It stretches all the way from Jurong East to the Pandan Reservoir and Buona Vista, passing by the housing estates of Ghim Moh, Ulu Pandan, Clementi and Sunset Way.

Due to its picturesque and tranquil surroundings, it is a very popular place for joggers, cyclists and families to bring their children for some outdoor fun, such as scooting or roller-blading.

Along the banks of the canal, a rich variety of flora and fauna can be found. Sightings of birds such as the Black-naped Oriole, Striated Heron, Little Egret, Swiftlets, Sulphur Crested Cockatoo, Oriental Dollarbird, Rose-ringed Parakeet, Kingfishers and majestic raptors like the Grey-headed Fish Eagle are frequently be spotted.

And often, visitors or residents passing through the area may catch birds feeding on fishes off the canal or searching for prey amongst the grassland. Apart from birds, families of otters, monitor lizards and tortoises can also be seen sometimes.

One of the unmistakable landmark of Ulu Pandan Canal is the disused truss bridge. It is a defunct railway track that was part of the former Keretapi Tanah Melayu (KTM) Jurong Line which has been decommissioned since the 1970s. Similar to ones in Upper Bukit Timah and King Albert Park, it will be conserved as part of the Singapore’s heritage.

Nevertheless, remnants of old farms can still be seen along the railway where fruit trees such as durian and jackfruit can be found. However, the land has been taken over by community farming where residents have been allotted small parcels of land to grow fruits and vegetables. In the future, more of such small scale cultivation could be encouraged along other areas of the Railway Lands near housing estates to enable Singaporeans can learn about food production.

Grey-headed Fish Eagle, Ulu Pandan Park Connector

Grey-headed Fish Eagle

Ulu Pandan Truss Bridge Near Residences

Ulu Pandan Truss Bridge

Close Proximity to Essential Amenities

The Ki Residences is a short drive to many essential amenities such as education institutions, shopping malls, markets and a number of interesting food places.

In fact, some of these amenities can be found within Sunset Way itself.

 

A Small HDB Housing Estate In Sunset Way

Sunset Way Eateries

Sunset Way Eateries

At the entrance of Sunset Way, which is just off Clementi Road, is a small HDB housing estate built in the early 1980s. Consisting of about 18 blocks of flats where a number of them are Executive Maisonettes, there are quite a few interesting eateries offering a variety of cuisines, as well as pubs. These include the following:

  • Chin Huat Live Seafood (a live seafood restaurant)
  • Summer Hill Bistro (a small French restaurant)
  • Lim’s Bistro (a restaurant cum pub)
  • Balmoral Bakery (a very old-school bakery)
  • Stickies Bar (a pub that offers games such as pool and darts)
  • Hoho Restaurant (a Korean restaurant)
  • Pondok Pondok Rasa (a Muslim seafood restaurant)
  • Yassin Kampung (a restaurant selling Asian halal cuisine)
  • Springleaf Prata Place (a small Indian eatery)

There is also a foodcourt known as Food Park that offers a variety of food such as dim sum, lor mee, Chinese bbq roast meat, Western grill and bbq seafood and more. There is also a stall selling zi char (stri-fry) dishes is very popular with residents in the estate.

For groceries and everyday necessities, there is a medium-size supermarket called Grindelwald. It also sells a variety of imported Japanese and Korean stuff.

 

Ki Residences - Proximity to Shopping Malls And Interesting Food Places

There are many shopping malls near the Ki Residences. Most are within a short 8-15 minutes drive and they include the following:

  • Clementi Arcade
  • Clementi Mall
  • 321 Clementi
  • West Coast Plaza
  • Holland Village
  • Beauty World Shopping Malls
  • The Grandstand @ Turf City

With these shopping malls, they will provide convenient access to most of our living needs such as groceries, home essentials, handyman services, clinics, banks, etc.

For those looking for a good meal with family or friends, there are a good number of interesting food places to choose from. Besides those that can be found in shopping malls, there are a few more unique dining destinations - Beauty World, Dempsey Hill and Holland Village. At these places, you will find a wide variety of cuisines with prices ranging from the affordable to the extravagant.

Clementi Mall is near Ki Residences

Clementi Mall

Beauty World Eateries

Beauty World Eateries

Schools And Tertiary Institutions Near Ki Residences

National University of Singapore (NUS)

National University of Singapore (NUS)

There are quite a number of education institutions near Ki Residences - from preschools, primary schools, secondary schools, tertiary institutions to international schools. In fact, when people mentioned Clementi, many will associate it as an education hub.

Given the wide choices and proximity of education institutions, it will be a boon for families with school-going children as this will mean spending less time on travelling and enjoy a better quality of life. Moreover, with many primary schools within a 2 km radius, they will get priority admission during the Primary 1 registration exercise. Below is a list of education institutions)

Primary Schools

  • Clementi Primary School (~ 7 minutes)
  • Pei Tong Primary School (~ 8 minutes)
  • Nan Hua Primary School (~ 8 minutes)
  • Methodist Girls' Primary School (~ 9 minutes)
  • Qifa Primary School (~ 12 minutes)
  • Fairfield Methodist Primary School (~ 13 minutes)

 

Secondary Schools

  • School of Science And Technology (~ 7 minutes)
  • Nan Hua High School of Math And Science (~ 7 minutes)
  • NUS High School of Math & Science (~ 9 minutes)
  • New Town Secondary School (~ 9 minutes)
  • Clementi Town Secondary School (~ 9 minutes)
  • Nan Hua High School (~ 9 minutes)
  • Methodist Girls' Secondary School (~ 9 minutes)
  • Kent Ridge Secondary School (~ 12 minutes)
  • Fairfield Methodist Secondary School (~ 13 minutes)

 

Tertiary Institutions

  • Ngee Ann Polytechnic (~ 6 minutes)
  • Singapore Institute of Technology @ Ngee Ann Polytechnic (~ 6 minutes)
  • Singapore Polytechnic (~ 6 minutes)
  • Singapore Institute of Technology @ Singapore Polytechnic (~ 6 minutes)
  • Singapore University of Social Sciences (~ 6 minutes)
  • SIM Global Education (~ 7 minutes)
  • National University Singapore (~ 9 minutes)
  • Singapore Institute of Technology Dover Campus (~ 10 minutes)
  • ESSEC Business School (~ 9 minutes)
  • INSEAD (~ 11 minutes)

International Schools

  • Integrated International School (~ 3 minutes)
  • The Japanese School (~ 10 minutes)
  • Waseda Shibuya Senior High School (~ 12 minutes)
  • Dimensions International College (~ 10 minutes)
  • Dover Court International School (~ 10 minutes)
  • United World College of South East Asia (~ 13 minutes)
  • Singapore Korean International School (~ 15 minutes)
  • Swiss School (~ 15 minutes)
  • Hollandse School (~ 15 minutes)
  • German-European School (~ 17 minutes)

 

International Schools To Attract Demand From Expatriate Families

As can be seen above, there are many international schools within easy reach of the Ki Residences Condo. This will attract expatriate families, especially those working in the Central Business District (CBD) and in the future, the key economic zones that the government is developing (read more below). Hence, for those looking for investment, the Ki Residences will provide an ideal choice due to its easy access to these areas.

 

Wide Choices of Childcare Centres And Preschools

The Ki Residences Condo is also close to many childcare centres and preschools. In fact, two of them are located within Sunset Way, which offer great convenience to busy working parents. Most of them can be reached within a short drive within 10 minutes and these include:

  • Early Years Montessori (~ 2 minutes)
  • Brighton Montessori @ Sunset Way (~ 3 minutes)
  • Learning Leap @ Pei Tong (~ 7 minutes)
  • Apple Plus Preschool (~ 10 minutes)
  • Big Foot Preschool (~ 10 minutes)
  • Clementi Woods Kindergarten (~ 10 minutes)
  • Chatsworth Preschool - Clementi Woods (~ 11 minutes)
  • Pat's Schoolhouse West Coast (~ 12 minutes)

 

Excellent Transport Connectivity

To improve the development’s accessibility, the developer will be building an extension eastward from Sunset Way that will cut through a forested area to connect directly to Clementi Road (refer to map below). This will reduce the distance from 1.5 km to just 500m. In other words, the walking time to the main road will be reduced by two-third to just 6 minutes, with the bus-stops close by.

In the future, there may potentially be a new Cross Island Line MRT station being built near Sunset Way, which will greatly improve accessibility and travelling convenience (more on this below).

Ki Residences Condo @ Sunset Way Road Extension

New Road Extension to Clementi Road

The Ki Residences condo is close to many major Expressways such as the Ayer Rajah Expressway (AYE), Pan-Island Expressway (PIE) and Bukit Timah Expressway (BKE). These expressways can be reached within a short 10-minute drive and provide convenient access to some of Singapore's major economic zones. These include:

Along with these exciting developments, there will be an increase in property demand. Hence, a development like the K Residences Condo is nicely poised to take advantage of them.

In addition, it is within a short drive to three MRT stations – Clementi (~ 8 minutes), King Albert Park and Beauty World MRT (~ 10 minutes). Such great connectivity will provide excellent convenience for residents when travelling to work, study or leisure.

Clementi is also an Integrated Transport Hub (ITH). ITHs are fully air-conditioned bus interchanges that are seamlessly linked to MRT stations and adjoining commercial developments such as shopping malls. These ITHs will allow commuters run errands easily and shop conveniently and comfortably, before continuing on their journey.

Besides Clementi, another ITH is coming up in Beauty World. The mixed-use site has already been put up for tender by the government. When completed, the Ki Residences Condo will be smack right between two ITHs. With the improved connectivity, commuting time will be reduced which will make for a better travelling experience.

 

Potential MRT Station Near Ki Residences

Potential Cross Island Line MRT Station Near Ki Residences Condo

Potential Future CRL MRT Station

In the future, there will be a Sunset Way MRT station on Cross Island Line (CRL). Phase 1 of the Cross Island Line will be from Chanqi Aviation Park to Bright Hill and it is targeted to be completed by 2029. Phase 2 and 3 will see it extend to Jurong although no further details have been announced yet.

The Cross Island Line(CRL) is Singapore's eighth MRT line. It will be the longest fully underground line spanning more than 50 km that will serve existing and future developments in the eastern, western, and north-eastern corridors. These include major hubs such as Jurong Lake District, Punggol Digital District and Changi region.

When operational, it will have the highest number of interchange stations. In addition, almost half the stations will be linked to existing rail stations, which could include the King Albert Park and Clementi MRT stations.

The new station will be close to Ki Residences and it will also serve those studying in Ngee Ann Polytechnic, Singapore University of Social Sciences and SIM Global Education (see map) nearby.

With the building of the Sunset Way MRT station, it can be expected to spur new developments along the new line to the benefit properties around it.

 

Major Economic Zones Enhance Investment Potential

New Economic Zones

New Economic Zones

The Ki Residences Condo is located near three key economic growth zones - One-North (including Dover Knowledge District), Greater Southern Waterfront and Jurong Lake District. This will boost its investment potential as these areas will see increased employment opportunities and hence, property demand. Moreover, the surrounding areas will also be developed, which will greatly improved the quality of living.

One-North is a R&D and high technology cluster, comprising biomedical sciences, infocomm technology (ICT) and media industries. It is a vibrant and creative place where technopreneurs, venture capitalists, innovators, students, researchers and media enterprises converge, aka Singapore's own Silicon Valley.

The Dover Knowledge District is an extension of One-North. Built in a campus-like environment, it seeks to realise the synergies between the nearby business parks, and academic and research institutions. It will also offer vibrant integrated spaces to create exciting new jobs and learning opportunities, and support Singapore's long-term economic growth.

The Greater Southern Waterfront extends from Pasir Panjang to Marina East. Comprising 30km of coastline stretching from Gardens by the Bay East all the way to Pasir Panjang, it will be twice the size of Punggol and six times the size of Marina Bay. It will be transformed into a new major gateway and location for urban living along Singapore’s southern coast.

The Jurong Lake District will be strategically located near high-value industries, the future Tuas Port and two world-class research universities. It will also be the location of the High-Speed Rail to Kuala Lumpur, which seeks to open new markets and enhance the flow of talent and travellers, facilitate knowledge, business and cultural exchanges, as well as social connections between Singapore and Malaysia. This will make it an attractive hub for regional businesses and hence, it has been dubbed the second CBD (Central Business District).

With the Jurong Lake District, just one MRT station from Clementi, properties in the estate will get a boost from such a mega transformation.

 

Exciting URA Master Plan For Clementi And Beauty World

The Ki Residences is located between two housing estates - Clementi and Beauty World. They can be easily reached within a 6-8 minute drive. Under the URA Master Plan for these two areas, many exciting developments have been planned that will improve living standards and quality of life.

 

Clementi Master Plan

Clementi Integrated Transport Hub

Clementi Integrated Transport Hub

Although Clementi is one of the oldest matured housing estates in Singapore, there are many plans to rejuvenate it, ensuring it will remain vibrant and modern for years to come. It is also home to one of the nine Integrated Transport Hubs in Singapore, which are linked to bus interchanges and adjoining commercial developments.

Under the Jurong-Clementi Town Council’s (JRTC) five-year master plan, new common facilities will be developed. These will include the upgrading of children playgrounds, fitness & recreational areas and elderly facilities. More covered walkways, ramps and other elderly-friendly features will be built to improve the quality of living. These plans also aim to foster stronger family bonds, community spirit and inclusivity.

And under the URA Master Plan for Clementi, there will be new public and private housing options. This will help to revitalise the precinct and enable it to remain a choice location for families to set up home. There are also plans for more amenities and recreational facilities such as healthcare, landscaped walkways and park connectors.

In the future, more seamless walking and cycling corridors between Sunset Way and West Coast Park will be built, and they will potentially link up with larger green networks such as the Rail Corridor, Coast-to-Coast Trail, Round Island Route and the Pasir Panjang Linear Park.

Clementi Master Plan

Clementi Master Plan

 

Beauty World Master Plan

Beauty World MRT And Upcoming Integrated Transport Hub

Beauty World's Upcoming Integrated Transport Hub

Under the Beauty World Master Plan, an Integrated Transport Hub (ITH) will be built. Integrated Transport Hubs are fully air-conditioned bus interchanges that are linked to MRT stations and adjoining commercial developments such as shopping malls. With the building of an ITH, the surrounding areas can expect significant new developments. This will benefit a property like the Ki Residences Condo, which is just a 5-minute drive away.

Other than the ITH, the Beauty World Master Plan will also see the development of a one-stop integrated facility with a community club, indoor sports hall, community library and an elderly facility. There will also be an improvement in the streetscape to inject vibrancy while lush landscaping will provide a pleasant walking experience to the Rail Corridor and nearby nature attractions.

 

Proximity To Nature Parks Provides A Unique Living Experience

The Ki Residences is close to several awesome nature parks which provide many interesting outdoor activities. These include the following:

  • Bukit Timah Nature Reserve
  • Hindhede Nature Park
  • Rifle Range Nature Park
  • Dairy Farm Nature Park
  • Chestnut Nature Park
  • The Rail Corridor
Singapore's Rich Flora and Fauna

Singapore's Rich Flora and Fauna

These nature parks are known for their rich flora and fauna, which some species can only be found in Singapore and the region.

These include the Singapore Freshwater Crab (Johora singaporensis), one of the three known species of crabs endemic to Singapore, Sunda pangolin (Manis javanica), Lesser Mousedeer (Tragulus kanchil)  and Red-Crowned Barbet (Megalaima rafflesii).

Besides providing great recreational and educational activities for the entire family, they are also excellent places for biking, hiking, jogging or simply taking a stroll amidst the tranquil environment.

Living close to these nature parks is indeed a unique living experience that cannot be found elsewhere in Singapore. In fact, they are popular destinations for school outings where young children learn about Singapore's rich biodiversity despite being a modern city where concrete buildings are seen everywhere.

Old Bukit Timah Railway Station

Old Bukit Timah Railway Station

Another place of interest is the Rail Corridor which stretches from Woodlands and passes through places like Bukit Timah and Clementi before ending at the former KTM Railway station at Tanjong Pagar. Under the URA Master, community nodes will be developed and one of these will be the Old Bukit Timah Railway Station, which is just a very short drive from the Ki Residences. It will be conserved to showcase its heritage while providing recreational activities.

The Rail Corridor will take visitors on a journey through a variety of nature parks, landscapes, communities and unique experiences. When connected by 2021, the surrounding lands will be developed and older districts rejuvenated. This will further enhance the desirability of the area and provide a great investment opportunity for astute property investors.

 

The Developer for Ki Residences Condo

The Ki Residences Condo will be jointly developed by Hoi Hup Realty and the Sunway Group. The site was acquired through the en-bloc sales of Brookvale Park for $530 million in Feb 2108. This is the largest investment by these two well-known property conglomerates in the last 11 years. Together, they have developed many residential properties such as Parc Canberra, Sophia Hills and Rivercove Residences, among many.

 

Project Factsheet

TitleProject Details
Development TypeCondominium
StatusNo Restriction on Foreign Ownership
Address1 Brookvale Dr, Singapore 599968
Site Area373,008 sq ft
Gross Floor Area596,812 sqft (excl 10% Bonus Balcony Area)
Plot Ratio1.6
Unit Type1 to 4 Bedroom
DeveloperHoi Hup Sunway Clementi Pte Ltd
(A JV Between Hoil Hup Realty & Sunway Developments)
TOP30 July 2024
No. of Units660
No. of Blocks10
No. of Storeys12
Tenure999-year Lease from March 1885
Car Park Lots660 Lots with 110 Bicycle Lots

 

The Ki Residences Offers A Choice of Units

Unit Description Type No. of UnitsFloor Area (sq m) Floor Area (sq ft)
2 Bedroom CompactB1180657--
2 Bedroom + StudyB2/B369 - 82743 - 883
3 BedroomC1/C2/C341880 - 111861 - 1,195
3 Bedroom + UtilityC4/C5/C6103 -1311,109 - 1,410
4 Bedroom + UtilityD1/D2/D358116 - 1591,249 - 1,711
5 Bedroom + UtilityE14169 - 1931,819 - 2,077
5 Bedroom + Study + UtilityE2184 - 2801,981 - 2,239
Total No. of Units660

Ki Residences Interior Design

To appeal to a wide range of property buyers and investors, Ki Residences Condo will offer a variety of residential units to cater to different budgets and lifestyles. Approximately 660 premium units will be offered.

Surrounded by mostly by landed homes, most units will have no obstructed views. In addition, all units are either North or South facing and hence, will not be subjected to the direct morning and afternoon sun.

 

The Ki Residences Floor Plans

The Ki Residences consists of 660 units with 2- to 5-Bedroom configurations. In total, there are 14 different floor plans, which will cater to a different segment of buyers, being for investment or own stay. Click on the link for the floor plans.

 

Property Progressive Payment Scheme

For interested buyers or investors, the normal progressive payment scheme applies. Please take note of the schedule of payments below:

Property Progressive Payment Scheme for Ki Residences

*The 15% payment is to be paid in the following manner:

2% of the Purchase Price to the Developer; and
13% of the Purchase Price to the Singapore Academy of Law as a stakeholder whereby 8% to be paid to the Developer upon the issue of the Certificate of Statutory Completion (CSC) and 5% upon expiry of the 12-month Defect Liability Period.

 

Property Loan Limits

To prevent Singaporeans from over-leveraging, the Monetary Authority of Singapore (MAS) has imposed property loan limits on borrowers. Financial institutions must also abide by the Total Debt Servicing Ratio (TDSR). These limits are indicated in the table below:

1st Loan 2nd Loan 3rd Loan
Age used to calculate loan tenure will be based on Income Weighted Average Age
Maximum Loan Tenure: 35 Years
Loan TenureUp to 30 yearsMore than 30 years or past age 65Up to 30 yearsMore than 30 years or past age 65Up to 30 yearsMore than 30 years or past age 65
Loan-to-Value (LTV)75%55%45%25%35%15%
Minimum Cash Downpayment5%10%25%25%25%25%
CPF OA or Cash20%35%30%50%40%60%
Total Debt Servicing Ratio (TDSR)55%
Stress Test4%

 

Property Stamp Duties

Please only take note of the following stamp duties payable. For Singaporeans buying their first property, there is no Additional Buyer's Stamp Duty (ABSD). However, for Singaporeans buying their second property or foreigners (including Singapore Permanent Residents) buying their first property, ABSD is levied. The various stamp duty rates are indicated below.

Higher of Purchase Price or Market Value of the PropertyResidential Property
Rates on or before 14 February 2023Rates on or after 15 February 2023
First $180,0001%1%
Next $180,0002%2%
Next $640,0003%3%
Next $500,0004%4%
Next $1,500,0005%
Amount exceeding $3,000,0006%

 

Additional Buyer's Stamp Duty (ABSD)Rates on/or after 16 December 2021
SCs buying first residential property0%
SCs buying second residential property17%
SCs buying third and subsequent residential property25%
SPRs buying first residential property5%
SPRs buying second residential property25%
SPRs buying third and subsequent residential property30%
Foreigners buying any residential property30%
Entities buying any residential property35%
Plus additional 5% for housing developers (non-remittable)

Meanwhile, for buyers looking to sell their existing properties that are owned for less than 3 years, please take note that the Seller's Stamp Duty (SSD) applies. They are charged according to the rates indicated below.

SSD Holding PeriodSSD Rate On/After 11 March 2017
Up to 1 year12%
> 1 year and up to 2 years8%
> 2 years and up to 3 Years4%
> 3 yearsNo SSD payable

For the latest update on the development, or to find out about other new property launches, please Email or WhatsApp Us.

 


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Posted in Rest of Central Region, New Properties.

Hi, I'm Lance Kuan, an Associate Marketing Manager at Huttons Asia Pte Ltd, one of the largest property agencies in Singapore.

With almost 30 years of experience in banking, investment and market analysis, I now find immense pleasure in helping others in property investment and asset progression.

My blog - Sg Home Investment - offers essential property reviews, research and guides to help buyers make an informed investment decision. Please feel free to WhatsApp Me if you have any queries about the real estate market in Singapore.