Overview & Key Facts
Alexis is a freehold apartment development at 356 Alexandra Road in District 3, developed by EC Prime Pte Ltd and completed in 2012. The development comprises 293 units spread across a mixed-use building that also houses commercial space at the lower levels. Units range from compact 1-bedroom apartments of 366 sqft to 3-bedroom configurations up to 1,227 sqft, with the majority being 1-bedroom and 2-bedroom units — a configuration that signals its primary market: young professionals, singles, couples, and investors targeting the city-fringe rental market.
The freehold tenure is Alexis’s most powerful structural advantage. In a corridor dominated by 99-year leasehold developments, perpetual tenure provides permanent CPF and loan flexibility and eliminates the lease decay concern that weighs on ageing leasehold properties. EdgeProp data shows a buyer base of 78% Singaporean and 17% Permanent Resident, reflecting strong domestic demand from investors and owner-occupiers alike.
Alexis straddles the Alexandra-Queenstown corridor, a city-fringe area that has seen sustained gentrification with the development of one-north, Fusionopolis, Mapletree Business City, and the Alexandra Technopark. The rental demand from professionals working in these employment clusters is a key driver of the development’s 4.2% gross yield — among the highest for any freehold development in Districts 3–5. This yield, however, comes with trade-offs in unit size and resident experience that prospective buyers should weigh carefully.
Location & Connectivity
Alexis is positioned along Alexandra Road, with Queenstown MRT (East-West Line) approximately 350–400 metres away — a comfortable 4–5 minute walk. The East-West Line provides direct access to Tanjong Pagar, Raffles Place, and Marina Bay Financial Centre, making the CBD commute approximately 10–12 minutes by train. This combination of freehold tenure and doorstep MRT to the financial district is a rare proposition in Singapore’s property landscape.
The Alexandra-Queenstown corridor is increasingly well-served for lifestyle amenities. Anchor Point mall is adjacent, offering dining and retail including Yoga Movement and Common Man Coffee Roasters. Alexandra Retail Centre (ARC) and IKEA Alexandra are within walking distance. VivoCity and HarbourFront MRT interchange are a short bus or MRT ride away. For groceries, FairPrice at Queenstown and the various hawker centres in the Queenstown estate cover daily needs. The area’s F&B scene has grown substantially, with fitness studios, specialty coffee shops, and boutique dining options clustering along the Alexandra corridor.
The one-north business park, Fusionopolis, Biopolis, and Mapletree Business City are all within a 5–10 minute drive, creating a substantial employment catchment that drives rental demand. For healthcare, the Alexandra Hospital is nearby, and the National University Hospital is accessible via one MRT stop to Buona Vista.
Schools & Education
2 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Crescent Girls' School | secondary | Within 1 km |
| Alexandra Primary School | primary | Within 1 km |
| Queenstown Primary School | primary | Within 1 km |
| Tanglin Trust School | international | Within 1 km |
| Queensway Secondary School | secondary | ~1.1 km |
| Global Indian International School (GIIS Queenstown) | international | ~1.1 km |
| CHIJ (Kellock) | primary | ~1.3 km |
| River Valley Primary School | primary | ~1.3 km |
Facilities
Alexis’s signature facility is its 75-metre sky pool on the upper level, flanked by a sky BBQ area, large sun deck, and open sky spa pods (jacuzzi). The rooftop positioning means unobstructed views and good sun exposure — the pool is a genuine highlight that punches above the development’s weight class. The commercial units at the lower levels house fitness studios (F45, Anytime Fitness), massage services, and F&B outlets, which effectively extend the development’s amenity offering without consuming residential space.
“The pool and location are great. Very convenient — 5 mins walk to the MRT, and 10 mins drive to Orchard for shopping and to the CBD. Mostly small units with no kids noise, as mostly singles or couples.”
— Resident review via SingaporeExpats
The honest downside: beyond the sky pool and rooftop amenities, the in-house facility roster is limited. There is no dedicated gym within the residential component (residents use the commercial Anytime Fitness or F45 at additional cost), and the common areas are compact. The corridors are narrow and the overall internal design has been compared to a serviced apartment rather than a traditional condominium. For residents who want a full suite of in-house facilities — gym, tennis court, function rooms, playground — Alexis will feel underequipped. For those who are comfortable using the commercial amenities downstairs and treating the development as a convenient urban base, the trade-off works.
Unit Sizes & Layout
Alexis offers approximately 148 floor plan variations ranging from 366 sqft 1-bedrooms to 1,227 sqft 3-bedrooms, with the vast majority being compact 1-bedroom and 2-bedroom units. These are small by any standard — the 366 sqft 1-bedrooms are studio-sized, and even the 2-bedroom units at 550–700 sqft require creative furniture solutions to feel comfortable. Recent transactions average $1,468–$2,131 PSF, with an overall average of approximately $1,813 PSF.
The units feature modern designs with large windows that maximise natural light, and the built-up areas are reasonably well-optimised by the developer despite the compact dimensions. The kitchenettes in smaller units are functional for light cooking but not suited for heavy culinary use. The 3-bedroom units (up to 1,227 sqft) are the most liveable for families, though they represent a small fraction of the total unit count. The maintenance fee structure is notable: car park is excluded from the base maintenance fee, which means non-drivers pay less — a practical benefit given the MRT proximity and the demographics of the resident base.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 26 | $1,894 | $769,385 |
| 1 BR | 23 | $1,713 | $990,816 |
| 2 BR | 13 | $1,389 | $1,175,231 |
| 3 BR | 9 | $1,331 | $1,493,889 |
Pricing & Market Position
Based on 71 recorded transactions, sale prices range from $718,000 to $1,830,000, averaging $1,007,264 (~$1,832 psf).
Rents range from $1,850 to $6,200 per month across 802 rental transactions. Current rental yield sits at approximately 3.8%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 23.6% (from $1,493 to $1,845 psf).
Neighbourhood Comparison
The most direct comparison is with Queens Peak ($1,900–$2,200 PSF) at Queenstown MRT, a newer 99-year leasehold development that offers better facilities, larger units, and a more conventional residential experience — but at a higher PSF and without freehold tenure. For investors, Alexis’s freehold status and higher yield make it the more compelling income play; for owner-occupiers, Queens Peak offers a materially better living experience at the cost of lease tenure.
Among freehold alternatives, The Anchorage on Alexandra Road offers larger units and full condo facilities at a comparable PSF, but with older finishings and a less convenient MRT position. Stirling Residences ($1,800–$2,100 PSF, 99 years from 2016) near Queenstown MRT provides newer facilities and a fresh lease, targeting a different buyer profile. Alexis’s unique selling proposition remains the combination of freehold tenure, CBD doorstep MRT, and yield performance — a trio that none of its immediate competitors can match simultaneously.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| ALEXIS | Freehold | 2012 | 293 | $1,832 |
| ZYON GRAND | 99 yrs lease commencing from 2024 | 2025 | 1,079 | $3,052 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | 2021 | 1,074 | $2,261 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | 2021 | 1,259 | $2,275 |
| PENRITH | 99 yrs lease commencing from 2024 | 2025 | 462 | $2,796 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | 2021 | 774 | $2,569 |
ShiokNest Scores
Our proprietary scoring system evaluates ALEXIS across multiple dimensions.
What Residents Say
“Very convenient location — 5 mins walk to the MRT, 10 mins drive to Orchard and the CBD. The sky pool is great. Mostly singles or couples, so it’s a quiet community without children’s noise.”
— Resident review via SingaporeExpats
“Apartments are very small and overpriced for Singapore standards. More suited for single students or expats rather than families. The building maintenance could be much better for what we pay.”
— Tenant review via 99.co
“The freehold status and MRT proximity make it a solid investment. Rental demand is consistent and tenants are easy to find. Just don’t expect luxury living — it’s a practical, functional space.”
— Investor-owner review via PropertyGuru
Resident feedback divides cleanly along two lines: investors and convenience-driven singles are positive, while families and those seeking residential comfort are critical. The 6.9/10 rating on SingaporeExpats reflects this split. Location and yield are the consistent positives; unit size, maintenance quality, and security are the consistent negatives. Tenants generally have lower expectations and rate the convenience highly, while owner-occupiers are more critical of the living experience. The overall pattern suggests that Alexis works best for those who use it as a well-located base rather than a home they spend extensive time in.
Strengths & Weaknesses
- Freehold tenure — no lease decay, permanent CPF and loan flexibility
- Queenstown MRT (East-West Line) within 350m — 4-minute walk to CBD trains
- 4.2% gross rental yield — among the highest for freehold developments in D3–5
- 75-metre sky pool with panoramic views — genuine lifestyle highlight
- Commercial amenities at lower levels — fitness studios, cafes, services on-site
- Strong employment catchment — one-north, Mapletree Business City, Fusionopolis nearby
- City-fringe location with 10-minute MRT to Raffles Place
- Greater Southern Waterfront master plan provides long-term upside
- Maintenance fee excludes car park — lower costs for non-drivers
- Consistent rental demand from professionals in Alexandra corridor
- Compact units — 1-bedrooms from 366 sqft, challenging for comfortable living
- Narrow corridors with serviced-apartment feel rather than luxury condo character
- Security described as lax — non-residents can access common areas easily
- Maintenance quality concerns — reports of mouldy walls and paint deterioration
- No in-house gym — residents use commercial fitness studios at additional cost
- Commercial component creates foot traffic incompatible with residential quiet
- Lower-floor units face privacy issues from adjacent buildings
- Not suitable for families — limited space and community character
- 6.9/10 resident rating reflects split between satisfied investors and frustrated occupiers
Verdict
Alexis is a polarising development — and honestly so. What it does well, it does exceptionally: freehold tenure, doorstep MRT to the CBD, a striking sky pool, a 4.2% gross yield, and a city-fringe location surrounded by employment clusters. These are powerful fundamentals that have delivered consistent rental demand and steady capital appreciation since completion. For investors seeking a freehold, MRT-adjacent, high-yield asset in the $700K–$1.5 million bracket, Alexis is one of the strongest propositions in District 3.
What it does not do well is equally clear. The units are small and the corridors feel institutional. Security has been described as lax in multiple reviews, with non-residents able to access common areas easily. Some residents report maintenance issues including mouldy walls and paint deterioration. The commercial component creates foot traffic and noise that is at odds with residential tranquillity. Lower-floor units face privacy challenges from the adjacent buildings. These are real quality-of-life issues that distinguish Alexis from developments that prioritise resident comfort over investor returns.
The honest assessment: Alexis is an excellent investment property and a functional urban base for singles and young professionals who spend most of their time outside the home. It is not the right choice for families, buyers seeking spacious living, or those who want a traditional condominium experience with comprehensive facilities and a quiet residential environment. Know what you are buying, and it delivers. Expect something different, and it will disappoint.