- TMW Maxwell Condo Fact Sheet
- TMW Maxwell’s Unique Selling Points
- Who are the Developers for TMW Maxwell?
- What are the Prices for TMW Maxwell?
- Where is TMW Maxwell Located?
- The Central Business District (CBD) - Live, Work & Play
- Proximity to Chinatown Offers A Unique Living Experience
- Shopping Malls and Amenities Near TMW Maxwell
- Dining Options Near TMW Maxwell
- Popular Recreational Destinations Near TMW Maxwell
- Schools & Educational Institutions Near TMW Maxwell Condo
- Access to International Schools Appeals to Expat Families
- Excellent Transport Connectivity
- The Greater Southern Waterfront – A Key Driver of Economic Growth
- Review Conclusion - An Investment Perspective
- Upcoming Property Launches In Districts 1 & 2
- More Property Reviews
This review of TMW Maxwell, a forthcoming mixed-use development that will offer about 324 residential units. It will be constructed on the site of the former Maxwell House, a commercial building located in Singapore's coveted District 1.
Maxwell House was a 13-story development that consisted of 145 strata units that occupied a trapezoidal land plot spanning 41,799 sq ft. It was jointly acquired via an en bloc sale by Singapore-listed Chip Eng Seng Corporation, SingHaiyi Investments, and Chuan Investments in April 2021.
This review aims to provide an objective assessment of TMW Maxwell's various attributes to facilitate a well-informed investment decision. These include the following:
Nevertheless, please WhatsApp or Email Me if you wish to:
- Receive the latest updates about the development.
- Visit the show flat to better appreciate what the development has to offer.
- Gain a deeper insight into its investment potential and get an update on Singapore’s property market.
TMW Maxwell Condo Fact Sheet
| Item | Description |
| Project Name | TMW Maxwell |
| Type of Development | A mixed-use development with commercial and residential components, carpark, and communal facilities |
| Address | 20 Maxwell Rd, Singapore 069113 |
| Developer | Chip Eng Seng Corporation, SingHaiyi Investments, and Chuan Investments |
| District | 01 |
| Tenure | 99-year Leasehold |
| Site Area | 41,799 sq ft. |
| Plot Ratio | 5.6 (subject to approval) |
| No. of Units | Approximately 324 |
| TOP | TBA |
| Sales Enquiry | Click here |
TMW Maxwell’s Unique Selling Points
- Award-winning developers with a proven track record for building quality homes.
- Excellent location at the heart of the Central Business District.
- A short walk to the lively and vibrant Chinatown, one of Singapore’s four Historical Districts.
- Convenient access to a plethora of amenities, eateries, and shopping malls.
- Proximity to popular schools.
- 2- and 5-minute walk to the Maxwell MRT station (TE18) and Tanjong Pagar MRT station (EW15) respectively.
- Proximity to the Greater Southern Waterfront – a key driver of Singapore's economic growth.
- Excellent investment potential with a ready catchment of tenants.
Who are the Developers for TMW Maxwell?
TMW Maxwell will be developed by a joint venture between Chip Eng Seng Corporation, SingHaiyi Investments, and Chuan Investments, with a shareholding of 40%, 30%, and 30% respectively.
Chip Eng Seng Corporation – A SGX-listed company, it has a diverse portfolio that includes residential, commercial, and industrial properties. Over the years, it has established a reputation for delivering high-quality developments that meet the needs and desires of its clients.
The company is committed to sustainability and has received numerous accolades such as BCA Green Mark Award, BCA Construction Excellence Award, and FIABCI Singapore Property Award.
Some of their residential developments include Kopar At Newton, Parc Colonial, and Grandeur Park Residences.
SingHaiyi Investments - A fast growing and diversified company focused on property development, investment, and management services.
It has built a solid track record in property development by expanding from public housing to private residential and commercial projects in Singapore and overseas.
Some of their projects in Singapore include The Gazania, Lilium, Parc Clematis, City Suites, and The Vales, to name a few.
What are the Prices for TMW Maxwell?
The prices for TMW Maxwell are not available yet.
However, based on an estimated land price of $1,565 psf ppr, it could be launched from $2,900 psf upwards.
This estimate is based on the purchase of the 41,799 sq ft former Maxwell House site with a plot ratio of 4.3. It was acquired for $268 million by a joint venture between Chip Eng Seng Corporation, SingHaiyi Investments, and Chuan Investments via an en bloc sale.
However, the developers have sought approval from the Urban Redevelopment Authority (URA) to increase the plot ratio to 5.6, thereby increasing the gross floor area (GFA) to 234,077 sq ft, of which 20% will be allocated for commercial purposes.
Based on the aforementioned assumptions where 80% of the GFA will be reserved for the residential component, this works out to an estimated land rate of $1,565 per square foot per plot ratio (psf ppr).
Where is TMW Maxwell Located?
TMW Maxwell Location.
TMW Maxwell is situated at Maxwell Road in the Tanjong Pagar area of the Central Business District (CBD). It is mostly surrounded by low-rise buildings and hence, will enjoy a good amount of unobstructed views.
Located on the opposite side of Maxwell Road is URA Centre. And beside it is the ever-popular Maxwell food centre while the Amoy Street Food Centre and Chinatown are just a short walk away.
Surrounding TMW Maxwell are several trendy dining hotspots such as Tras Street, Duxton Hill, Ann Siang Hill, and Club Street. These places are home to a plethora of restaurants, pubs, and bars which offer a wide variety of cuisines and a place to socialise.
A stone's throw away from the development is some of Singapore’s most iconic landmarks such as the Jinrikisha Station and Sri Mariamman Temple.
TMW Maxwell is also located close to two MRT stations - Maxwell (TE18) and Tanjong Pagar (EW15). As they are only a short walk away, they will provide easy access to many parts of the island.
The Central Business District (CBD) - Live, Work & Play
The Central Business District (CBD) is the main commercial and financial hub of Singapore. With its iconic skyscrapers and bustling streets, it is a symbol of the city state’s economic success and urban vibrancy.
Central Business District (CBD).
Singapore, being the third largest financial centre in the world behind New York and Tokyo, is home to many global financial institutions, investment funds, multinational companies.
However, the CBD is not just a hub for business and commerce. Scattered around it are many entertainment spots, which include waterfront dining, trendy bars, and A-list clubs that serve as an outlet for workers to unwind after a hard day’s work.
Although the CBD is currently dominated by commercial buildings, this is set to change. Under the URA master plan, it has sought to transform the CBD into a more vibrant and liveable place.
For example, the introduction of the CBD Incentive Scheme in 2019 aims to encourage the conversion of existing, older, office developments into mixed-use developments. These will include places such as Marina Bay, Anson, Cecil Street, Robinson Road, Shenton Way, Tanjong Pagar, and areas around their fringes.
This is to reposition the CBD as a 24/7 mixed-use district as a dynamic place to work, live and play in. This will be achieved by implementing the following:
- Provide a wider diversity of uses by adding more residences, hotels, and creative lifestyle possibilities.
- Improve connectivity to adjacent developments and transport nodes.
- Introduce more greenery and parks while reducing car usage.
- Create a friendly and walkable environment with attractive public spaces.
Proximity to Chinatown Offers A Unique Living Experience
Chinatown is just a couple of minutes walk from TMW Maxwell.
It has a long and storied history, dating back to the 1800s. Originally home to Chinese immigrants who came to Singapore in search of a better life, it has since been transformed into a hub of Chinese culture.
It has also been designated as one of Singapore’s four Historical Districts. Some of its iconic landmarks include the Buddha Tooth Relic Temple and Museum, Sri Mariamman Temple, and Chinatown Heritage Centre.
Buddha Tooth Relic Temple and Museum.
TMW Maxwell Condo.
People's Park Complex.
Chinatown Point Shopping Mall.
Ion Orchard.
Raffles City Shopping Mall.
Maxwell Food Centre.
Chinatown Food Street.
Dining at Ann Siang Hill and Club Street.
Stanley Street.
Sentosa
Fort Canning Park.
Singapore Flyer.
Boat Quay.
Cantonment Primary School.
School of the Arts (SOTA).
National University of Singapore (NUS).
Singapore Management University (SMU).
Access to International Schools Appeals to Expat Families
TMW Maxwell enjoys convenient access to a plethora of international schools offering various curricula, ranging from International Primary Curriculum (IPC) to High School and International Baccalaureate (IB) Diploma programmes.
Many of them can be easily reached via public transport, which will appeal to expat families, especially those working in the Central Business District.
Hence, those looking to invest in TMW Maxwell Condo will have a ready catchment of tenants that they can potentially rent out to. Below is a sample list of international schools that are available:
- International Baccalaureate Organization.
- Shelton College International.
- Ascensia International School.
- North London Collegiate School.
- ISS International School.
- Knightsbridge House International School.
- Middleton International School.
- Insworld Institute.
- Kingston International school.
- Tanglin Trust.
- Dover Court International School.
- United College of South East Asia Dover Campus.
Excellent Transport Connectivity
As TMW Maxwell is within a 2-5 minutes’ walk to the Maxwell (TE18) and Tanjong Pagar (EW15) MRT stations, they offer convenient commute to many parts of Singapore. The Maxwell and Tanjong Pagar stations are located along the Thomson-East Coast Line and East-West Line respectively.
Moreover, the proximity of these two MRT stations to several MRT interchanges ensures a smoother and more seamless commuting experience. Whether travelling for work or studies, the time saved will translate to a better quality of life for everyone in the family.
Below are some of the MRT interchanges near TMW Maxwell:
- Raffles Place (1 stop) – an interchange for the East-West and North-South Lines.
- Outram Park (1 stop) – an interchange for the Thomson-East Coast, East-West, and North-East Lines.
- City Hall (2 stops) – an interchange for the East-West and North-South Lines.
- Marina Bay (2 stops) – an interchange for the Thomson-East Coast, North-South, and Circle Lines.
- Bugis (3 stops) – an interchange for the East-West and Downtown Lines.
- Orchard (4 stops) – an interchange for the Thomson-East Coast and North-South Lines.
3 Major Expressways Near TMW Maxwell
There are three major expressways near TMW Maxwell. They are Marina Coastal Expressway (MCE), Ayer Rajah Expressway (AYE), and Central Expressway (CTE).
As they are merely 3-4 minutes’ drive from the development, this will offer faster and smoother journeys for those who drive. For perspective, a trip to Orchard Road and Marina Bay merely takes 5 minutes.
The Greater Southern Waterfront – A Key Driver of Economic Growth
TMW Maxwell is just a stone’s throw from the Greater Southern Waterfront (GSW).
The Greater Southern Waterfront.
The Greater Southern Waterfront (GSW) is a mega-development project in Singapore that spans over 2,000 ha of land, stretching 30km from Marina East to West Coast Park.
The aim is to transform the southern coastline of Singapore into a vibrant and sustainable waterfront city with commercial, residential, and recreational facilities.
Besides being one of Singapore’s key drivers of economic growth, it also seeks to elevate the standard of living through the expansion of park networks and transport connectivity while creating a car-lite society.
Review Conclusion - An Investment Perspective
One of TMW Maxwell’s main selling points is its central location.
This provides residents with convenient access to a plethora of amenities and services, while its proximity to two MRT stations opens more shopping, entertainment, and lifestyle options for them.
And with Chinatown just a short walk away, they can immerse themselves in its vibrant culture and heritage.
But what investment potential will a property like TMW Maxwell offer? To answer this question, let’s analyse how nearby properties in District 1 and District 2 have performed.
Property Price Trends Analysis
Below are four properties located near TMW Maxwell in District 1 and District 2. The chart shows their average price trends since they were launched. All of them are in District 2, except for The Clift, which is in District 1.
The Clift was chosen as it is situated at the heart of Singapore’s financial district, yet only 6 minutes’ walk from TMW Maxwell. The rest are located at the fringes of it.
Of the four properties, only Sky Everton is still under construction.
| Property Name | Status | No. of Units | District No. | Launched | Completed | Average Price Gain |
| The Arris | Freehold | 63 | 02 | 2001 | 2002 | +108.26% |
| The Beacon | 99-year | 124 | 02 | 2006 | 2008 | +169.23% |
| Sky Everton | Freehold | 262 | 02 | 2019 | Uncompleted | +10.51% |
| The Clift | 99-year | 312 | 01 | 2006 | 2011 | +67.71% |
Property Price Trends Analysis
As can be seen from the chart above, below are their average price gains:
- The Arris: +108.26%
- Sky Everton: +10.51%
- The Beacon: +169.23%
- The Clift: +67.71%
Some Interesting Observations
As mentioned, only The Clift is located at the heart of the financial district, surrounded by skyscrapers and commercial buildings, while the rest are located at its fringes.
Interestingly, the chart reveals that properties situated on the fringes of the financial district, such as The Arris and The Beacon, have outperformed The Clift considerably, which is located within it.
It seems that living amongst skyscrapers is less appealing due to its "sterile" environment where commercial buildings dominate. It's busy streets and heavy office crowds during workdays may also have contributed to a less ideal living environment.
Meanwhile, the status of the development, whether freehold or 99-year leasehold, does not seem to be a factor.
Perhaps, these observations may be helpful to those looking to invest in TMW Maxwell condo.
As for Sky Everton, which was only launched in June 2019 and is still under construction, there is insufficient data to evaluate its long-term investment prospect. Nevertheless, a 10.51% average price gain in such a short time is noteworthy.
Upcoming Property Launches In Districts 1 & 2
Besides TMW Maxwell, below are some upcoming property launches in District 1 and District 2 to take note of:
- Newport Residences (former Fuji Xerox Towers) - 246 units.
- Skywater Residences (former AXA Tower) - 215 units.
- Former Realty Centre (located at Enggor Street and next to One Bernam) ~ 100 units.
- Marina View ~ 905 units.
- Marina Gardens Lane ~ 790 units.
- Marina Gardens Crescent ~ 775 units.
If you wish to receive the latest updates on TMW Maxwell and the other new property launches or to discuss about Singapore's property market, please feel free to WhatsApp or Email me.
More Property Reviews
Besides TMW Maxwell, below are some other property reviews that may be of interest to you:
- The Reserve Residences, a residential cum commercial development by Far East Organisation and Sino Land.
- Blossoms By The Park, a mixed-use development by EL Development.
- The Continuum, a freehold condominium by Hoi Hup and Sunway Developments.
- Tembusu Grand, a 99-year leasehold condo in District 15 by CDL and MCL Land.
- Grand Dunman, a condominium by SingHaiyi Group.
- The Hill @ One-North, a residential cum commercial development by Kingsford Property Development.
- Pinetree Hill, a condominium by UOL Group and Singapore Land.
- The Arden, a condominium by Qingjian Realty.
- Botany At Dairy Farm, a condominium by Sim Lian Group.
- Lentor Hills Residences, a condominium by Intrepid Investments, Guocoland, and TID Residential.
- J’Den, a residential cum commercial development by Capitaland.
- Altura EC, an executive condo by Qingjian Realty.
- The Myst, a condominium by CDL near Cashew MRT station.
