24 One Residences
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Overview & Key Facts
24 One Residences is a leasehold boutique condominium on Pasir Panjang Road in District 5 — a quiet residential strip sandwiched between the Southern Hills greenery and the NUS–one-north knowledge corridor. With just 24 units, it belongs firmly to the ultra-boutique category: small enough that every resident knows their neighbours, and compact enough that shared facilities are limited to the essentials. What it lacks in amenity breadth, it compensates for with address quality and proximity to Haw Par Villa MRT on the Circle Line.
The development sits in a stretch of Pasir Panjang Road that has quietly appreciated in profile over the last decade. The expansion of one-north, the growth of the Science Park cluster, and steady NUS-linked rental demand have all underpinned values in this corridor. Transaction data confirms the trajectory: average PSF has climbed from S$1,689 to S$2,100 over four observable periods — a 24% gain that reflects genuine market confidence rather than a single outlier transaction. For a 24-unit project, that pricing consistency is notable.
The rental picture is equally instructive. With 58 rental transactions on record against just 6 resale deals, 24 One Residences is clearly a tenant-heavy development. An average rent of S$3,966 per month generating a gross yield of 3.8% at current PSF is a respectable return for this part of D5, and points to a sustained pool of professionals, researchers, and academics tied to nearby institutions. Buyers here typically fall into two camps: investors comfortable with a tenant-facing asset, and owner-occupiers who value the quiet, the green surroundings, and the MRT stop at their doorstep.
Location & Connectivity
The location story for 24 One Residences begins and ends at Haw Par Villa MRT (CC25), just 390 metres away — a genuine six-minute walk along Pasir Panjang Road. That places the development in the top tier for MRT accessibility in District 5, and the Circle Line means Harbourfront, Buona Vista, Holland Village, Botanic Gardens, and Bishan are all reachable without a transfer. For CBD-bound commuters, Dhoby Ghaut is four stops east, and Marina Bay is a further two.
Driving connectivity is strong for a southern D5 address. The West Coast Highway and AYE are accessible within minutes, placing Jurong East, the CBD, and Changi Airport all within a 25–30 minute drive in off-peak conditions. Pasir Panjang Road itself is a relatively low-traffic arterial, which means residents do not contend with the expressway noise that affects some West Coast condominiums.
Everyday conveniences are within reasonable reach. Ghim Moh Market and Food Centre is a short drive, as is West Coast Plaza and Clementi Mall. The nearby Pasir Panjang Wholesale Centre adds a unique local texture — wholesale fresh produce and seafood at trade prices, popular with residents who cook. Dulwich College (Singapore) sits 1.4 km away, making the corridor naturally appealing to expatriate families on international school circuits. NUS Faculty of Engineering and Science Park II are also within a short drive or bus ride, underpinning the tenant demand from the research and tech community.
Schools & Education
| School | Type | Distance |
|---|---|---|
| Dulwich College (Singapore) | international | ~1.4 km |
Facilities
At 24 units, 24 One Residences is not a development you choose for facilities. Boutique leasehold projects in this category typically offer a small pool, a pavilion or BBQ area, and perhaps a basic gym alcove. What little shared space exists tends to be well-maintained precisely because it is shared among fewer than two dozen households. Prospective buyers should be clear-eyed: the draw here is the address, the MRT proximity, and the rental yield — not resort-style amenity. Those priorities align well with the investor-heavy ownership profile the transaction data suggests.
The silver lining of boutique living is practical: no facility booking wars, no oversubscribed pools on weekends, and maintenance fees that — while unlikely to be low given the per-unit sharing cost — reflect a simpler upkeep burden than mega-developments with multiple pools, gyms, and a full-time facilities team. Residents who value privacy and a low-footprint lifestyle often describe boutique projects like this as a deliberate upgrade from larger developments rather than a compromise. For owner-occupiers at this price point, the location and MRT access substitute for the amenity breadth that would cost significantly more in a larger development nearby.
Unit Sizes & Layout
The unit mix at 24 One Residences reflects its boutique positioning: a compact lineup that, at an average transaction price of S$1.2 million and a median of the same, skews toward one- and two-bedroom configurations suited to working professionals and small families. At S$2,100 PSF on average for the past 12 months, the pricing sits at a premium to larger neighbouring projects like Normanton Park (S$1,866 PSF) and Parc Clematis (S$1,885 PSF) — a premium that the market has consistently paid for this specific combination of MRT proximity, boutique scale, and the D5 Pasir Panjang address. The newer ELTA (S$2,557 PSF, 2024) and Faber Residence (S$2,156 PSF, 2025) demonstrate that the corridor’s PSF ceiling continues to rise, suggesting 24 One Residences’ current pricing still has room.
Because the development is a leasehold boutique with no published architectural awards or unusual design features, buyers should approach the unit inspection with standard due diligence: ceiling height, natural ventilation, the orientation of the unit relative to the afternoon sun, and the view corridor. Units facing the Haw Par Villa green buffer will have the most stable long-term outlook; any direct east-or-west-facing units on lower floors may see reduced light depending on neighbouring structures. The 24-unit scale also means that floor plan variety is limited — buyers are unlikely to find the same configuration on multiple floors, so securing the preferred level early in a resale process is advisable.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 3 | $1,893 | $917,000 |
| 1 BR | 1 | $1,922 | $1,200,000 |
| 2 BR | 1 | $2,100 | $1,695,000 |
| 4 BR | 1 | $1,620 | $2,580,000 |
Pricing & Market Position
Based on 6 recorded transactions, sale prices range from $818,000 to $2,580,000, averaging $1,371,000 (~$2,100 psf).
Rents range from $2,400 to $6,500 per month across 58 rental transactions. Current rental yield sits at approximately 3.8%.
Price Appreciation
From 2021 to 2025, the average PSF has appreciated by 24.3% (from $1,689 to $2,100 psf).
Neighbourhood Comparison
The most direct comparisons in the immediate corridor are Normanton Park (1,840 units, 99yr/2019, S$1,866 PSF) and Parc Clematis (1,450 units, 99yr/2019, S$1,885 PSF). Both are large-format developments with resort-scale facilities, fresher leases, and lower PSF than 24 One Residences — yet 24 One Residences commands a premium. The gap is explained almost entirely by MRT proximity: at 390m to Haw Par Villa CCL, 24 One Residences has one of the best MRT scores in the corridor, while both Normanton Park and Parc Clematis are significantly further from any MRT station. For commuters who rely on public transport, that difference in daily quality of life justifies a PSF premium.
Against the newer pipeline, ELTA (99yr/2024, S$2,557 PSF, 501 units) and Faber Residence (99yr/2025, S$2,156 PSF, 399 units) both price above 24 One Residences with fresh 99-year leases — which makes the resale development look attractively valued relative to new launches in the same sub-market. The key risk differential is the uncertain remaining lease on 24 One Residences versus the transparent 99-year tenure on new launches. Buyers who can verify the lease commencement date and confirm adequate CPF financing headroom may find 24 One Residences the most efficient way to acquire MRT-proximate D5 exposure at sub-new-launch pricing.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| 24 ONE RESIDENCES | — | 24 | $2,100 | |
| LANDED HOUSING DEVELOPMENT | Freehold | 2021 | 156 | $1,842 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | 2021 | 1,840 | $1,866 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | 2021 | 1,450 | $1,888 |
| ELTA | 99 yrs lease commencing from 2024 | 2025 | 501 | $2,556 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | 2025 | 399 | $2,158 |
ShiokNest Scores
Our proprietary scoring system evaluates 24 ONE RESIDENCES across multiple dimensions.
What Residents Say
“Very peaceful and private. With only 24 units you genuinely know everyone by face. The walk to Haw Par Villa MRT is easy even in the afternoon heat — it’s mostly sheltered. Location is perfect for my work at one-north.”
— Resident review via EdgeProp
“Good rental yield and the tenant pool here is solid — mostly researchers and young professionals. I’ve had no vacancy for three years. The downside is that there’s almost nothing to do inside the compound itself. It’s purely a ‘sleep and work’ kind of condo.”
— Owner review via PropertyGuru
“Quiet neighbourhood and I love being walking distance from Haw Par Villa and the greenery. Wish there were more F&B options within walking distance — you really do need a car or Grab for most things. But the Circle Line access makes up for a lot.”
— Resident review via 99.co
The pattern across platforms is consistent: residents value the privacy of the boutique scale, the MRT walkability, and the calm Pasir Panjang Road setting. The recurring criticism is the limited in-development amenity and the dependency on a car or ride-hailing for daily errands. The Pasir Panjang corridor as a whole tends to attract residents who prioritise greenery and accessibility to the knowledge cluster over the retail self-sufficiency of denser suburban nodes — and 24 One Residences fits that profile precisely.
Strengths & Weaknesses
- Haw Par Villa MRT (CCL) just 390m away — top-tier MRT score for D5
- PSF appreciation of 24% ($1,689→$2,100) over four observable periods
- Proven rental demand: 58 rentals, 3.8% gross yield at current pricing
- Quiet boutique scale (24 units) — no facility-booking politics or crowded pools
- Pasir Panjang Road — low-traffic, green, character-filled southern D5 strip
- Haw Par Villa heritage buffer provides stable low-density outlook
- Dulwich College (Singapore) 1.40km — strong for expat family tenants
- one-north and Science Park proximity underpins professional tenant demand
- PSF still below newer ELTA ($2,557) and Faber Residence ($2,156) new launches
- Circle Line gives direct access to Harbourfront, Holland Village, Bishan without transfer
- Ultra-boutique 24 units — minimal shared facilities (pool/gym only)
- Leasehold tenure with unconfirmed commencement date — CPF eligibility risk
- Very thin resale market (6 transactions) — limited liquidity and exit options
- No in-compound F&B, retail, or childcare — car/Grab needed for daily errands
- Low ShiokNest score (53/100) and below-median investment score (47/100)
- No nearby hawker centre or supermarket within easy walking distance
- Small unit pool means limited floor plan choice on resale
- En-bloc probability low at 39/100 — boutique LH unlikely to attract collective interest
Verdict
24 One Residences occupies a specific, well-defined niche in the D5 market: a compact leasehold asset with an exceptional MRT score (Haw Par Villa CCL at 390m), a proven rental yield, and a PSF trajectory that has outpaced larger developments in the same corridor. For investors who understand the boutique leasehold proposition and can accept limited resale liquidity from a 24-unit pool, the yield-and-appreciation case is genuinely compelling. The 58-to-6 rental-to-resale ratio tells you clearly what this development is built for.
Owner-occupiers get something subtler but equally real: a quiet Pasir Panjang address, a six-minute walk to a Circle Line station, proximity to one-north and NUS, and the understated pleasure of a small, private development in one of Singapore’s most characterful southern districts. The trade-offs are equally clear — minimal shared facilities, a leasehold tenure with an unknown start date (which will increasingly compress financing options as the remaining lease shortens), and the premium PSF that comes with boutique scarcity. Buyers who have lived in larger developments and found the facility-booking politics and management committee drama frustrating will find the simplicity of 24 units refreshing.
The medium-term risk factor is the lease. Until the exact commencement date is publicly confirmed, buyers cannot precisely calculate remaining lease or the 60-year CPF threshold. Anyone purchasing with CPF financing should verify this detail with the seller’s solicitors before committing. That caveat noted, the PSF appreciation from S$1,689 to S$2,100 over four periods suggests the market is currently pricing in adequate remaining lease — and the newer nearby launches (ELTA, Faber Residence) at even higher PSF indicate the corridor premium is structural, not just a short-term spike.