TMW MAXWELL is a 96-year balance leasehold development along TRAS STREET in District 2 (CBD (Tanjong Pagar, Anson)), part of the RCR segment of Singapore's private residential market. The project comprises 324 units and is TOP 2023.
This profile draws on 6 recorded transactions from URA 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 3 years from TOP, TMW MAXWELL is in the early-life phase: defects-liability resolved (or about to be), strata management corp settling in, and resale price discovery still finding its footing. Early-cycle premiums and rough-edges both apply.
Within District 2 (CBD (Tanjong Pagar, Anson)), the immediate context for TMW MAXWELL 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 6 sales and 0 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the TMW MAXWELL dashboard.
- Average sale price: $1,782,167 across 6 transactions
- District 2 PSF ranking: Premium tier (top 14%)
- 99 yrs lease commencing from 2023 · RCR · D2 · 324 units
About TMW MAXWELL
TMW MAXWELL is a 99 yrs lease commencing from 2023 condominium, located at TRAS STREET in District 2 (Anson, Tanjong Pagar) (Rest of Central Region), developed by Maxwell Commercial Pte Ltd/Maxwell Residential Pte Ltd, comprising 324 residential units, completed in 2023.
With approximately 96 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 TMW MAXWELL:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 4 | $3,302 psf | $1,572,750 |
| 1 BR | 1 | $3,739 psf | $1,932,000 |
| 2 BR | 1 | $3,143 psf | $2,470,000 |
Sales Market Overview
TMW MAXWELL has recorded 6 sale transactions with an average transaction price of $1,782,167, ranging from $1,498,000 to $2,470,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2023 | 6 | $3,348 psf | $1,782,167 | — |
TMW MAXWELL ranks in the top 14% of condos in District 2 by average PSF.
Compared to the RCR average of $2,049 psf, TMW MAXWELL trades 63.4% above the segment benchmark.
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Competing Condos in District 2
Side-by-side comparison against the most actively traded condos in District 2 (Anson, Tanjong Pagar):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ONE BERNAM | 99 yrs lease commencing from 2019 | 364 | $2,587 psf | 357 |
| NEWPORT RESIDENCES | Freehold | 487 | $3,129 psf | 192 |
| ICON | 99 yrs lease commencing from 2002 | 646 | $1,790 psf | 144 |
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | 360 | $2,230 psf | 96 |
| SKY EVERTON | Freehold | 262 | $2,800 psf | 75 |
Location Map
Map shows TMW MAXWELL (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- TMW MAXWELL
- Maxwell MRT
- Tanjong Pagar MRT
- Shenton Way MRT
- Telok Ayer MRT
- Outram Park MRT
- Outram Secondary School
- Cantonment Primary School
- Fairfield Methodist School (Primary)
Nearby MRT Stations
TMW MAXWELL is 110m from Maxwell MRT (Thomson-East Coast Line), with 19 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Maxwell | TE18 | Thomson-East Coast Line | 110m |
| Tanjong Pagar | EW15 | East-West Line | 360m |
| Shenton Way | TE19 | Thomson-East Coast Line | 440m |
| Telok Ayer | DT18 | Downtown Line | 570m |
| Outram Park | EW16 | East-West Line | 620m |
| Outram Park | NE3 | North-East Line | 620m |
| Outram Park | TE17 | Thomson-East Coast Line | 620m |
| Chinatown | NE4 | North-East Line | 640m |
Nearby Schools
There are 3 schools within 2 km of TMW MAXWELL.
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | Secondary | 1.1 km |
| Cantonment Primary School | Primary | 1.2 km |
| Fairfield Methodist School (Primary) | Primary | 1.7 km |
Long balance lease. With 96+ years of lease remaining, TMW MAXWELL sits comfortably in the freehold-equivalent zone for practical purposes — CPF usage is full, max loan tenure is unconstrained, and resale liquidity to younger SC/PR buyers stays broad.
Genuine walk-to-MRT access. Maxwell sits about 0.11km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Solid facilities scale. 324 units is large enough to support pool, gym, function rooms, and BBQ pavilions without the booking-pressure issues that smaller boutique developments face. Per-unit maintenance is in a manageable band.
School-belt proximity. Outram Secondary School sits about 1.13km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 6 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ✅ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: TMW MAXWELL hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 6 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. 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 TMW MAXWELL?
What is the rental yield for TMW MAXWELL?
Is TMW MAXWELL freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 6 transactions 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 TMW MAXWELL
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 342 condo transactions recorded in District 2 over the last 12 months, 58% new sale, 41% resale, 1% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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HDB Alternatives Nearby
Weighing TMW MAXWELL against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (260m away), an upgrader gap of about $700,000
- Bukit Merah — 4-room average $894,787 (530m away), an upgrader gap of about $900,000