The Crest at Prince Charles Crescent is one of the most architecturally distinctive private condominiums in Singapore's Rest of Central Region. Designed by Pritzker Prize laureate Toyo Ito and developed by the Wing Tai-Metro Holdings-Maxdin joint venture, this 469-unit, 99-year leasehold development sits on a gentle hill in District 3, occupying a rare enclave between the Alexandra corridor and the Redhill estate. Completed in 2018, The Crest brings together a sculptural built form, resort-calibre facilities, and a location that quietly punches above its postal code — offering CBD proximity without the density and noise that typically come with it. Over the past 12 months, resale units have transacted at an average of approximately S$1,987 psf, with individual deals ranging from S$1,781 psf to S$2,120 psf, reflecting a development that has held its value well into its mid-cycle years.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
Prince Charles Crescent sits within the broader Bukit Merah planning area, one of Singapore's most established mature estates. District 3 as a whole encompasses Alexandra Road, Queenstown, Tiong Bahru, and the fringes of the Greater Southern Waterfront — a precinct that the Urban Redevelopment Authority has flagged as a long-term regeneration corridor. The Crest occupies a secluded pocket of this district, set back from the arterial noise of Alexandra Road yet within easy reach of both the Redhill MRT station on the East-West Line and the Queenstown MRT on the same line. The surrounding landscape is notably low-rise relative to the project's towers, with Good Class Bungalow areas in the direction of Chatsworth and Nassim providing a visual buffer and keeping the immediate neighbourhood calm. The S$1,992 psf average recorded over the past six months compares favourably with newer 99-year leasehold launches in the RCR that have priced in at S$2,400 to S$2,700 psf, suggesting that buyers who favour proven quality over launch premiums can find genuine relative value here. District 3 properties have historically demonstrated resilient demand from both Singaporean owner-occupiers and expatriate renters affiliated with international firms operating in the CBD, the one-north business park, and the Alexandra technopark cluster. For a fuller picture of price movements across comparable RCR condominiums, the District 3 analytics hub tracks median PSF, volume trends, and rental yield data updated with each URA data release.
We track 96 sales and 520 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE CREST dashboard.
- Average sale price: $2,311,597 across 96 transactions
- Estimated gross rental yield: 2.9%
- District 3 PSF ranking: Mid-range (top 51%)
- 99 yrs lease commencing from 2012 · RCR · D3 · 469 units
About THE CREST
THE CREST is a 99 yrs lease commencing from 2012 condominium, located at PRINCE CHARLES CRESCENT in District 3 (Tiong Bahru, Queenstown) (Rest of Central Region), developed by WINGCROWN INVESTMENT PTE LTD, comprising 469 residential units, completed in 2018.
With approximately 85 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE CREST:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 7 | $1,929 psf | $1,256,571 |
| 2 BR | 26 | $1,954 psf | $1,648,327 |
| 3 BR | 38 | $1,927 psf | $2,311,086 |
| 4 BR | 22 | $1,945 psf | $3,222,756 |
| 5+ BR | 3 | $1,948 psf | $3,846,296 |
Sales Market Overview
THE CREST has recorded 96 sale transactions with an average transaction price of $2,311,597, ranging from $1,066,000 to $4,050,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 16 | $1,910 psf | $2,580,228 | — |
| 2022 | 15 | $1,936 psf | $2,566,993 | ↑ 1.4% |
| 2023 | 12 | $1,934 psf | $2,118,208 | ↓ 0.1% |
| 2024 | 19 | $1,918 psf | $2,352,247 | ↓ 0.8% |
| 2025 | 27 | $1,958 psf | $2,114,207 | ↑ 2.1% |
| 2026 | 7 | $2,006 psf | $2,132,857 | ↑ 2.4% |
THE CREST ranks in the top 51% of condos in District 3 by average PSF.
Compared to the RCR average of $2,047 psf, THE CREST trades 5.2% below the segment benchmark.
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Rental Market Overview
THE CREST has recorded 520 rental transactions with monthly rents averaging $5,662/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 95 | $3,850/mo | $2,900/mo | $4,850/mo |
| 2 BR | 211 | $4,894/mo | $3,300/mo | $7,700/mo |
| 3 BR | 156 | $6,672/mo | $4,500/mo | $9,000/mo |
| 4 BR | 52 | $8,558/mo | $5,000/mo | $13,000/mo |
| 5+ BR | 6 | $10,033/mo | $8,200/mo | $12,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 98 | $4,588/mo |
| 2022 | 112 | $5,655/mo |
| 2023 | 81 | $6,726/mo |
| 2024 | 101 | $5,783/mo |
| 2025 | 101 | $5,781/mo |
| 2026 | 27 | $5,504/mo |
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Investment Analysis
Based on average rents and sale prices, THE CREST delivers an estimated gross rental yield of 2.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 3
Side-by-side comparison against the most actively traded condos in District 3 (Tiong Bahru, Queenstown):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ZYON GRAND | 99 yrs lease commencing from 2024 | 1079 | $3,052 psf | 628 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | 1074 | $2,261 psf | 578 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | 1259 | $2,275 psf | 458 |
| PENRITH | 99 yrs lease commencing from 2024 | 462 | $2,796 psf | 451 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | 774 | $2,569 psf | 428 |
Location Map
Map shows THE CREST (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE CREST
- Redhill MRT
- Tiong Bahru MRT
- Queenstown MRT
- River Valley Primary School
- CHIJ (Kellock)
- Henderson Secondary School
Nearby MRT Stations
THE CREST is 480m from Redhill MRT (East-West Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Redhill | EW18 | East-West Line | 480m |
| Tiong Bahru | EW17 | East-West Line | 1.1 km |
| Queenstown | EW19 | East-West Line | 1.5 km |
Nearby Schools
There are 15 schools within 2 km of THE CREST, including 6 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| River Valley Primary School | Primary | 140m |
| CHIJ (Kellock) | Primary | 390m |
| Henderson Secondary School | Secondary | 600m |
| Gan Eng Seng Primary School | Primary | 840m |
| Gan Eng Seng School | Secondary | 910m |
| Bukit Merah Secondary School | Secondary | 990m |
| Tanglin Secondary School | Secondary | 1.1 km |
| Crescent Girls' School | Secondary | 1.5 km |
| Radin Mas Primary School | Primary | 1.6 km |
| Kheng Cheng School | Primary | 1.7 km |
| Chatsworth International School (Orchard) | International | 1.7 km |
| Methodist Girls' School | Secondary | 1.8 km |
The single most remarked-upon strength of The Crest is its architecture. Toyo Ito — whose aluminium-latticed Serpentine Pavilion and Taichung Metropolitan Opera House brought international recognition — conceived the three residential towers as organisms inspired by how nature regulates temperature through evaporation. The towers step outward at varying heights, their floor plates rotated to maximise cross-ventilation and ensure that no two adjacent units look directly into each other. The result is an unusually high degree of privacy for a high-rise development, a feature reviewers and residents consistently cite as a differentiator over more regimented RCR peers. The Crest Club on level 23 hosts a Sky Gym and Sky Sanctuaries with unobstructed sightlines toward Orchard Road and the Chatsworth GCB belt — a vista that remains structurally protected given the low-density zoning of those surrounding areas.
Facilities go beyond the standard condo offering. A meandering pool designed to evoke a natural pond strings through the development at ground level, flanked by lush soft landscaping. A private onsen in the clubhouse adds a wellness dimension rarely seen at this price point, and the tennis court and children's play facilities give the development multi-generational utility. Units themselves were designed with larger-than-typical floor plates — a deliberate choice by Wing Tai to differentiate on liveability rather than unit count. One-bedroom apartments start from roughly 506 sq ft, but the development's strength lies in the mid-tier two- and three-bedroom configurations where buyers get genuine room to live, not just sleep. Penthouses and villa units extend the range to multi-generational households or buyers seeking a landed-adjacent lifestyle within a managed strata environment.
Connectivity is a practical asset. Redhill MRT is roughly an eight-to-ten-minute walk, giving residents one-stop access to Queenstown and two stops to Outram Park (interchange for the North-East Line and the Thomson-East Coast Line). The CBD fringe is a short drive via Alexandra Road or Commonwealth Avenue. Proximity to IKEA Alexandra, the ALICE@Mediapolis cluster, and the Mapletree Business City complex in one-north creates a broad tenant catchment for rental-focused buyers. Gross rental yield sits at approximately 3.4% — in line with mature RCR stock — supported by average monthly rents of S$4,000 to S$10,500 depending on unit size, or roughly S$5.50 to S$5.60 psf per month based on data compiled over the past year.
The most structurally significant risk at The Crest is lease decay. The 99-year tenure commenced in 2012, meaning approximately 14 years have elapsed and roughly 85 years of lease remain as of 2026. While 85 years is still comfortably within the threshold for standard bank financing and CPF usage, buyers should model what the development will look like in 2036, 2046, and beyond. Singapore's experience with leasehold depreciation — documented through URA resale data and academic analysis of developments approaching the 60-year mark — shows that price appreciation typically moderates and eventually reverses as the remaining lease shortens, particularly once it falls below 70 years. Buyers planning a long hold should consult a lease decay calculator to quantify the trajectory under different appreciation assumptions. For investors with a 10-to-15-year horizon, the risk is manageable; for those contemplating a generational hold, it merits careful consideration.
The angular architecture that distinguishes The Crest also creates practical trade-offs. Because each floor plate is rotated to maximise air flow and sightlines, unit layouts are often non-rectangular. Irregular corners, protruding columns, and odd angles are a common finding in stacked homes reviews of individual units. Buyers should scrutinise floor plans carefully and, where possible, inspect the physical unit rather than relying solely on rendered plans. The irregularity can reduce effective usable area relative to the stated square footage, particularly in smaller unit types.
The project's relative seclusion — a selling point for residents — also means that daily errands require a car or a bus ride. The Redhill wet market and the nearest supermarkets are not within a comfortable walking distance for residents without a vehicle, and the immediate street-level retail is sparse compared with Tiong Bahru or Queenstown proper. Finally, with approximately 97 sales recorded to date and transaction volume averaging in the low-to-mid double digits per year in recent periods, liquidity is moderate. Buyers who need to exit quickly in a downturn may face a thinner pool of potential purchasers than they would at a larger or more centrally branded development.
[
{
"persona": "Established professional couple seeking a high-design primary residence",
"fit_color": "green",
"reason": "The Crest's Toyo Ito pedigree, larger-than-average unit sizes, and resort facilities align closely with buyers who prioritise liveability and architectural distinction over sheer quantum savings. CBD commute via Redhill MRT is practical, and the calm hillside setting suits a lifestyle oriented around home rather than buzz."
},
{
"persona": "Mid-career investor targeting RCR rental yield",
"fit_color": "green",
"reason": "A ~3.4% gross yield and monthly rents of S$4,000–S$10,500 supported by proximity to one-north, Mapletree Business City, and Alexandra technopark tenants make this a credible yield play. Run the numbers on a <a href=\"/calculator/cash-flow\">cash-flow calculator</a> to stress-test net yield after maintenance, mortgage, and vacancy assumptions."
},
{
"persona": "Upgrader from HDB seeking freehold or near-new 99-year stock",
"fit_color": "yellow",
"reason": "The Crest is a strong lifestyle upgrade over HDB, but buyers sensitive to lease tenure should weigh the 2012 commencement carefully. If the priority is passing the property to the next generation or maximising long-run capital appreciation, a newer 99-year launch or a freehold option in D3 may better serve those goals."
},
{
"persona": "Expatriate family on a multi-year assignment",
"fit_color": "green",
"reason": "Large 3-to-4-bedroom units, a children's pool and play areas, Sky Gym, tennis court, and easy access to international schools via Commonwealth Avenue make The Crest a natural fit for families. The quiet, hillside ambience contrasts favourably with more frenetic central-area alternatives."
},
{
"persona": "First-time buyer on a tight budget",
"fit_color": "red",
"reason": "Entry prices starting above S$1.2 million for a 1-bedroom unit, combined with higher psf than mass-market OCR options, place The Crest out of reach for most first-timers. A <a href=\"/calculator/affordability\">affordability calculator</a> or <a href=\"/calculator/tdsr\">TDSR calculator</a> will quickly surface the income and cash requirements."
},
{
"persona": "Property comparison shopper weighing D3 options",
"fit_color": "green",
"reason": "The Crest's relative value versus newer RCR launches — roughly S$400–S$700 psf below current launch pricing — makes it a compelling option when running a <a href=\"/compare\">side-by-side comparison</a> against contemporaries. The architectural pedigree and mature landscaping are genuine differentiators that do not appear in the PSF number alone."
}
]
The Crest earns its place as one of District 3's most considered residential addresses. It is not a development that wins on headline metrics alone — it wins on the quality of its environment, the thoughtfulness of its architecture, and the durability of its location within a precinct that Singapore's planners continue to invest in. For buyers who value living well over living cheaply, and who are comfortable with the structural realities of a 99-year tenure that began in 2012, The Crest offers genuine substance at a price point that the current new-launch market cannot replicate. The lease clock is ticking, as it does for every leasehold asset, but with 85 years remaining and a regenerating corridor on its doorstep, The Crest remains a credible long-term hold. Buyers should enter with clear eyes on the lease timeline, a realistic yield model, and — ideally — a physical inspection of the specific unit given the irregular floor plates that Toyo Ito's rotational design introduces. Done right, an acquisition here is less a compromise and more a deliberate choice in favour of architecture, privacy, and proven District 3 fundamentals.
FAQ
What is the average price for THE CREST?
What is the rental yield for THE CREST?
Is THE CREST freehold or leasehold?
How many years of lease remain on The Crest, and does it affect CPF usage or bank financing?
The Crest holds a 99-year lease that commenced in 2012, leaving approximately 85 years as of 2026. CPF usage is permitted for properties with a remaining lease of at least 30 years, provided the lease covers the youngest buyer to age 95. Bank financing is generally available for properties with at least 30 years of remaining lease, though individual lenders apply their own internal thresholds. At 85 years remaining, The Crest presently clears all standard CPF and financing gates comfortably. Buyers planning to hold for decades should use a lease decay calculator to model the long-run depreciation trajectory.
Which MRT stations serve The Crest and what is the commute like to the CBD?
Redhill MRT on the East-West Line is the closest station, roughly 8 to 10 minutes on foot from the development. Queenstown MRT is also within comfortable reach in the opposite direction. From Redhill, the CBD (Raffles Place or Tanjong Pagar) is two to three stops, making the morning commute under 15 minutes by train. Drivers can reach the CBD via Alexandra Road connecting to Keppel Road or the Ayer Rajah Expressway in roughly 10 to 15 minutes outside peak hours. The development is also well positioned for one-north and Mapletree Business City via Portsdown Road.
What makes The Crest&apos;s architecture different from other condominiums in District 3?
The Crest was designed by Toyo Ito, the Japanese architect who won the Pritzker Prize in 2013 — architecture's highest honour. His concept draws from nature's self-cooling mechanisms: the three towers have floor plates that rotate at successive levels, creating outward-projecting volumes that resemble a flower in bloom. This rotation maximises cross-ventilation and eliminates direct sightlines between neighbouring units, delivering a degree of privacy unusual in high-density Singapore. The facility design mirrors this philosophy — the main swimming pool is shaped to evoke a natural pond, and lush soft landscaping is woven through the ground plane. The Sky Gym and Sky Sanctuaries on level 23 offer panoramic views of the Chatsworth GCB belt and Orchard Road skyline.
Are there any known drawbacks to the unit layouts at The Crest?
The rotational architecture that distinguishes The Crest's exterior also means that unit layouts are rarely conventional rectangles. Angular corners, offset walls, and structural columns introduced by the staggered floor plates are common findings, and the effective usable area can feel smaller than the stated square footage suggests. This is not unique to The Crest — it is an inherent feature of parametric and nature-inspired architectural designs — but it does mean that buyers should view the physical unit, not merely the floor plan, before transacting. Furniture placement requires more thought, and bespoke joinery is often a practical necessity in the more irregular bedrooms and living configurations.
How does The Crest compare in value to newly launched RCR condominiums?
New 99-year leasehold launches in the RCR have priced in at S$2,400 to S$2,700 psf since 2023, reflecting rising land-bid costs and construction inflation. The Crest, at an average of approximately S$1,987 psf on the resale market, represents a discount of roughly S$400 to S$700 psf relative to launch pricing for comparable positioning — a meaningful differential for buyers who are indifferent to being the first owner. The trade-off is a shorter remaining lease relative to a brand-new development, and the absence of a deferred payment scheme. Use the property comparison tool to benchmark The Crest against current RCR alternatives across psf, yield, and lease tenure simultaneously.
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 96 transactions analysed
- Rental data: 520 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for THE CREST
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.