THE TENERIFFE is a 69-year balance leasehold development along LAUREL WOOD AVENUE in District 10 (Bukit Timah / Holland), part of the CCR segment of Singapore's private residential market. The project comprises 148 units and is TOP 2004.
This profile draws on 39 recorded transactions from URA REALIS to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 22 years from TOP, THE TENERIFFE is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 10 (Bukit Timah / Holland), the immediate context for THE TENERIFFE is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 39 sales and 126 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE TENERIFFE dashboard.
- Average sale price: $3,193,971 across 39 transactions
- Estimated gross rental yield: 3.7%
- District 10 PSF ranking: Value tier (top 98%)
- 99 yrs lease commencing from 1996 · CCR · D10 · 148 units
About THE TENERIFFE
THE TENERIFFE is a 99 yrs lease commencing from 1996 condominium, located at LAUREL WOOD AVENUE in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) (Core Central Region), developed by TENERIFFE DEVELOPMENT PTE LTD, comprising 148 residential units, completed in 2004.
With approximately 69 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Sales Market Overview
THE TENERIFFE has recorded 39 sale transactions with an average transaction price of $3,193,971, ranging from $2,560,000 to $3,700,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 17 | $887 psf | $2,869,111 | — |
| 2022 | 6 | $989 psf | $3,104,167 | ↑ 11.4% |
| 2023 | 2 | $1,098 psf | $3,590,000 | ↑ 11.1% |
| 2024 | 8 | $1,118 psf | $3,513,750 | ↑ 1.8% |
| 2025 | 6 | $1,159 psf | $3,645,833 | ↑ 3.7% |
THE TENERIFFE ranks in the top 98% of condos in District 10 by average PSF.
Compared to the CCR average of $2,447 psf, THE TENERIFFE trades 59% below the segment benchmark.
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Rental Market Overview
THE TENERIFFE has recorded 126 rental transactions with monthly rents averaging $9,935/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 126 | $9,935/mo | $6,000/mo | $14,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 27 | $7,887/mo |
| 2022 | 27 | $10,054/mo |
| 2023 | 27 | $10,930/mo |
| 2024 | 22 | $10,714/mo |
| 2025 | 20 | $10,268/mo |
| 2026 | 3 | $10,400/mo |
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Investment Analysis
Based on average rents and sale prices, THE TENERIFFE delivers an estimated gross rental yield of 3.7%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 10
Side-by-side comparison against the most actively traded condos in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | 666 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | 638 | $2,785 psf | 570 |
| D'LEEDON | 99 yrs lease commencing from 2010 | 1703 | $1,858 psf | 433 |
| HYLL ON HOLLAND | Freehold | 319 | $2,648 psf | 327 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | 476 | $2,465 psf | 296 |
Location Map
Map shows THE TENERIFFE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE TENERIFFE
- Sixth Avenue MRT
- King Albert Park MRT
- Hwa Chong Institution
- Hwa Chong Institution (JC)
- Hwa Chong International School
Nearby MRT Stations
THE TENERIFFE is 940m from Sixth Avenue MRT (Downtown Line), with 2 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Sixth Avenue | DT7 | Downtown Line | 940m |
| King Albert Park | DT6 | Downtown Line | 1.2 km |
Nearby Schools
There are 13 schools within 2 km of THE TENERIFFE, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Hwa Chong Institution | Secondary | 400m |
| Hwa Chong Institution (JC) | Jc | 400m |
| Hwa Chong International School | International | 420m |
| Australian International School | International | 640m |
| Lycee Francais de Singapour | International | 1.1 km |
| Hollandse School | International | 1.4 km |
| Henry Park Primary School | Primary | 1.4 km |
| Singapore University of Social Sciences | Tertiary | 1.6 km |
| Ngee Ann Polytechnic | Tertiary | 1.7 km |
| National Junior College | Secondary | 1.8 km |
| National Junior College | Jc | 1.8 km |
| Anglo-Chinese Junior College | Jc | 1.8 km |
School-belt proximity. Hwa Chong Institution sits about 0.40km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Mature streetscape and amenity coverage. The immediate neighbourhood has the daily-living amenity profile of an established residential precinct — hawker centres, supermarkets, clinics, parks within a short walk or drive. The convenience compounds over a hold, even if no single amenity is a headline feature.
Moderate MRT walk. At 0.94km from the nearest station, the project sits just outside the 800m comfort threshold. Rental tenants notice — yield typically trails truly walkable comparables by 30-50bps in similar segments.
Lease tenor below 75 years. With roughly 69 years remaining, CPF usage starts to be capped (the 95-year rule reduces utilisation as lease decays), and bank loan tenor compresses correspondingly. The resale buyer pool narrows toward older buyers with shorter horizons.
[
{
"persona": "Young couple, first home",
"fit_color": "amber",
"reason": "Lease horizon constrains long-hold optionality"
},
{
"persona": "Family with school-age kids",
"fit_color": "green",
"reason": "Nearby schools support MOE registration priority"
},
{
"persona": "CBD commuter",
"fit_color": "amber",
"reason": "Bus or own-vehicle commute likely required"
},
{
"persona": "Rental investor (yield-focused)",
"fit_color": "red",
"reason": "Thin transaction history makes underwriting fragile"
},
{
"persona": "Foreign professional (expat)",
"fit_color": "amber",
"reason": "Verify tenant-pool depth in immediate catchment"
},
{
"persona": "Long-term hold (10+ yr)",
"fit_color": "amber",
"reason": "Plan exit timing around lease-decay thresholds"
}
]
Composite assessment: THE TENERIFFE sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 39 transactions in URA REALIS provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for THE TENERIFFE?
What is the rental yield for THE TENERIFFE?
Is THE TENERIFFE freehold or leasehold?
How far is the nearest MRT from THE TENERIFFE?
What is the tenure of THE TENERIFFE?
How does THE TENERIFFE compare to other projects in the district?
What stamp duty applies for a foreign buyer of THE TENERIFFE?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 39 transactions analysed
- Rental data: 126 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 TENERIFFE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.