An Chuan Building
An Chuan Building is a condominium located in District 7 (Middle Road, Golden Mile), part of the Rest of Central Region (RCR). The development comprises 2 units. Sale and rental figures on this page are compiled from URA transaction records.
How do you value a condominium with exactly two units? An Chuan Building on Purvis Street poses the question in its purest form. The District 7 property has never registered a resale in the URA dataset, yet its four recorded rental contracts tell a striking story: between S$10,000 and S$12,000 a month, averaging S$11,250 (as of 2026-07) — rent levels that outstrip most of the district's glossy new towers.
The location explains a great deal. Purvis Street sits in the Middle Road–City Hall core, and the walkability numbers are exceptional: Esplanade MRT is 279 m away, City Hall interchange 0.48 km, Bugis 0.53 km, with the School of the Arts at 300 m and a park a two-minute stroll from the door. ShiokNest's walkability score of 85 is among the highest of any property this column has reviewed — this is genuinely car-free territory.
What follows is less a conventional review than a field guide to an outlier: what the two-unit format means in practice, what the S$11,000-a-month leases imply, and where the real risks sit for anyone lucky — or bold — enough to negotiate for a stake in it.
An Chuan Building occupies a rare position in District 7: a two-unit building embedded in a precinct otherwise defined by large integrated developments. The transacted neighbours set the price environment — Midtown Bay at S$3,220 psf, Midtown Modern at S$2,838 psf, The M at S$2,751 psf, Duo Residences at S$2,205 psf and Concourse Skyline at S$1,962 psf (as of 2026-07), all 99-year projects of 219 to 660 units. Against that skyline, An Chuan Building is the anomaly: no facilities deck, no sales gallery history, just an address a few minutes' walk from City Hall with rents that speak for themselves.
Overview & Key Facts
AN CHUAN BUILDING is a condominium at PURVIS STREET in District 7 (RCR), developed by , comprising 2 units.
Location & Connectivity
AN CHUAN BUILDING is approximately 280m from Esplanade MRT station, with 21 stations within 1.5 km.
Schools & Education
10 schools within 2 km (3 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| School of the Arts | Jc | 300m |
| Nanyang Academy of Fine Arts | Tertiary | 410m |
| Singapore Management University | Tertiary | 610m |
| LASALLE College of the Arts | Tertiary | 1.2 km |
| St. Andrew's Junior School | Primary | 1.3 km |
| St. Andrew's Secondary School | Secondary | 1.4 km |
| St. Andrew's Junior College | Jc | 1.4 km |
| ACS (Junior) | Primary | 1.8 km |
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| MIDTOWN MODERN | 99 yrs lease commencing from 2019 | $2,838 psf | 583 |
| THE M | 99 yrs lease commencing from 2019 | $2,751 psf | 137 |
| DUO RESIDENCES | 99 yrs lease commencing from 2011 | $2,205 psf | 103 |
| CONCOURSE SKYLINE | 99 yrs lease commencing from 2008 | $1,962 psf | 95 |
| MIDTOWN BAY | 99 yrs lease commencing from 2018 | $3,220 psf | 93 |
What Could Work Against You
- At 2 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
This is a strong match for mrt-walkable commuters and boutique low-density (<100 units). Located ~279m from Esplanade MRT, this property is a comfortable daily walk for transit commuters.
Start with the rents, because they are the property's loudest data point. Four recorded contracts between S$10,000 and S$12,000 a month, averaging S$11,250 (as of 2026-07), put An Chuan Building's income per unit far above the district's typical condominium lease. Whatever the units are — and the record suggests substantial floor plates — tenants have repeatedly paid five figures monthly to occupy them. For a landlord, that is evidence of durable demand for large, characterful space in the city core; the district-wide picture is worth checking against the rental-yield map.
The connectivity case is close to unbeatable. Esplanade station (CC3) at 279 m, the City Hall North–South/East–West interchange at 0.48 km, Bugis on two lines at 0.53 km, Bras Basah at 0.52 km — the digest lists 21 stations in the vicinity, and the walkability breakdown awards full marks for MRT access. A tenant or owner here commutes anywhere on the network without owning a car, which is precisely what the property's MRT-walkable persona (its strongest green flag) captures. Typical door-to-door journey times from this pocket can be compared on the commute-time map — few addresses in the dataset start closer to the network's centre of gravity.
The cultural-district setting adds depth beyond transport. The School of the Arts is 300 m away, Nanyang Academy of Fine Arts 0.41 km, Singapore Management University 0.61 km — a dense institutional cluster that feeds steady rental demand from academics, arts professionals and graduate students. A mall sits within 820 m and a park within 174 m, rounding out a daily-life radius that needs no vehicle at all. For tenants, that convenience is the amenity — and the rent record suggests they price it accordingly.
Finally, the two-unit format is its own strange asset. Total control is realistic: acquire both units and you effectively hold a whole building — with the full 20-of-20 unit-count score on the en-bloc gauge reflecting how trivially a redevelopment consensus could form — a few hundred metres from City Hall.
The honest starting point: this property cannot be conventionally valued. Zero recorded resales (as of 2026-07) means no PSF, no quantum, no trend — and the dataset records no tenure, no completion year and no developer. The surrounding comparables are 99-year mega-projects with facilities, which makes them poor proxies for a two-unit walk-up-scale building. Any purchase price here is a negotiation in the dark unless the buyer commissions a full independent valuation and title search; the primary transaction records at URA should be the first stop, and they will confirm how little exists.
Four rental contracts is a seductive but tiny sample. An average of S$11,250 a month looks spectacular, yet a single void period in a two-unit building halves the income; there is no diversification across dozens of tenancies as at Duo or Midtown Modern. Concentration risk is absolute — one difficult tenant or one major repair is a material event, and every maintenance dollar is split two ways. There is no sinking-fund cushion of scale here: a roof, a facade, a set of ageing services all land on two owners, and deferred works in small buildings have a way of surfacing precisely at valuation time.
The en-bloc score of 39 ("Low" verdict) also cautions against romanticising the redevelopment angle: unit count helps, but the overall profile — including an unknown lease position — does not support treating a collective exit as a base case. And the persona list itself is telling in what it omits: no family fit, no yield-investor endorsement, no long-hold flag. The dataset simply does not know enough about this building to recommend it broadly, and buyers should treat that silence as information. Financing may be similarly awkward; banks price uncertainty, and a property without comparables invites conservative loan-to-value treatment — stress-test the numbers in the mortgage calculator with a margin for a lower valuation than hoped.
- ✅ MRT-walkable commuters
- ✅ Boutique low-density (<100 units)
An Chuan Building is not a purchase; it is a project. The verifiable facts — a two-unit building on Purvis Street, an 85-rated walkable location 279 m from Esplanade MRT, and four leases averaging S$11,250 a month (as of 2026-07) — sketch an asset with genuine income power and an irreplaceable address. Everything else, from tenure to fair price, must be established by the buyer's own professionals before a single dollar moves. Budget for that professional work as part of the acquisition cost; on an asset this opaque, it is not optional.
The natural shortlisters are a narrow group: an income investor who wants a large-format city-core rental play and can absorb two-unit concentration risk, or a buyer of character property who sees the value in controlling a whole small building near City Hall. Families, first-timers and anyone needing a liquid, financeable, benchmark-priced asset should look at the district's transacted alternatives instead — Duo Residences, The M and Midtown Modern all offer measurable value on the comparison tool.
Think in decades, not cycles. With no resale record at all, the working assumption must be that capital is committed for the long haul, carried by rent along the way. If the leases keep signing at five figures, the hold pays for its own patience; if they do not, the exit door is narrow. That asymmetry — income likely, exit uncertain — should shape both the offer price and the financing structure.
FAQ
What is the average PSF for AN CHUAN BUILDING?
Is AN CHUAN BUILDING freehold?
What is the rental yield for AN CHUAN BUILDING?
Which MRT is nearest to AN CHUAN BUILDING?
What schools and institutions are near Purvis Street?
Sources & Next Steps
- AN CHUAN BUILDING Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 7 (Middle Road, Golden Mile) — District 7 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 0 transactions
- Rental data: 4 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
HDB Alternatives Nearby
Weighing AN CHUAN BUILDING against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (50m away)
- Central Area — 4-room average $1,088,814 (170m away)