Ascentia Sky
Overview & Key Facts
Ascentia Sky is a 373-unit condominium located along Alexandra View in District 3 — part of Singapore’s Rest of Central Region (RCR) and one of the more established residential pockets in the Alexandra-Redhill corridor. Developed by Wingtai Asia, a developer known for its attention to design and finishing quality, the project was completed in 2013 on a 99-year lease commencing 2008, leaving approximately 81 years on the clock.
The development comprises two 36-storey towers on an elevated site that affords many units expansive views toward the southern coastline, Henderson Waves, and the Greater Southern Waterfront precinct. At 373 units, the development strikes a balance between boutique intimacy and sufficient scale to sustain a good range of communal facilities — neither a mega-development nor a tiny enclave.
Wingtai’s track record includes Le Nouvel Ardmore, The Crest, and other projects that consistently deliver above-average interior finishings. Ascentia Sky reflects this DNA: residents frequently cite the quality of fittings, generous ceiling heights, and thoughtful layouts as standout features relative to comparable RCR developments of the same vintage.
Location & Connectivity
The headline location story at Ascentia Sky is Redhill MRT station, just 190 metres away — a genuine door-to-platform walk of under three minutes. This places it among the most MRT-proximate condominiums in Singapore. Redhill sits on the East-West Line, providing direct access to Raffles Place (5 stops), Tanjong Pagar (3 stops), and Jurong East (7 stops) without transfers. For Circle Line connectivity, Buona Vista interchange is one stop west.
For drivers, the AYE on-ramp is minutes away, and the CBD is reachable in roughly 10 minutes off-peak. The location sits at the confluence of Alexandra Road, Redhill Road, and Tiong Bahru Road — three arteries that provide multiple routing options during peak hours.
Daily amenities are well-covered. Anchorpoint Shopping Centre and IKEA Alexandra are within walking distance, while the Redhill Food Centre and Bukit Merah Central hawker complex provide affordable dining options. The upcoming Greater Southern Waterfront transformation — one of Singapore’s most ambitious urban redevelopment plans — is set to reshape the entire southern coastline from Pasir Panjang to Marina East, and Ascentia Sky sits within comfortable reach of this future precinct.
Schools & Education
2 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| River Valley Primary School | primary | Within 1 km |
| Henderson Secondary School | secondary | Within 1 km |
| CHIJ (Kellock) | primary | Within 1 km |
| Bukit Merah Secondary School | secondary | Within 1 km |
| Gan Eng Seng Primary School | primary | ~1.0 km |
| Gan Eng Seng School | secondary | ~1.1 km |
| Crescent Girls' School | secondary | ~1.2 km |
| Radin Mas Primary School | primary | ~1.3 km |
Facilities
For a mid-sized development of 373 units, Ascentia Sky provides a competent but not extravagant facilities roster. The centrepiece is a landscaped pool deck on the elevated podium level, which takes advantage of the site’s topography to create a sense of openness and elevation. Facilities include a 50m lap pool, children’s pool, gym, tennis court, BBQ pavilions, function room, and a sky garden on the upper floors.
The elevated site is a genuine design advantage — the pool deck sits above street level, creating a private resort-like atmosphere that belies the urban surroundings. The landscaping, while not award-winning, is maintained to a consistently good standard under Wingtai’s original design intent.
“The facilities are well-maintained and the pool area feels very private despite being in the middle of the city. The gym is compact but adequate. What really sets it apart is the sense of elevation — you feel removed from the street below.”
— Resident review via PropertyGuru
One honest limitation: the facilities breadth does not compete with mega-developments like d’Leedon or The Interlace. There is no indoor sports hall, no dedicated co-working space, and the gym is functional rather than expansive. For residents who prioritise MRT access and unit quality over resort-scale amenities, this is an acceptable trade-off.
Unit Sizes & Layout
Ascentia Sky offers a unit mix spanning 1-bedroom to 4-bedroom configurations, along with penthouses. Unit sizes are reasonably generous for an RCR development of its era — two-bedroom units range from approximately 750 to 850 sqft, while three-bedrooms start around 1,100 sqft. The layouts are largely efficient with minimal wasted corridor space, reflecting Wingtai’s design philosophy of prioritising liveable floor area.
Higher-floor south-facing units enjoy sweeping views toward Mount Faber, Henderson Waves, and the sea. These stacks command a premium but offer genuine view permanence — the southern vista is protected by the topography and low-rise nature of the Telok Blangah ridge. North-facing units overlook the Redhill HDB estate and are more competitively priced.
The dual-tower configuration means most units have good natural ventilation with cross-breezes, though some lower-floor units on the north side face proximity to adjacent HDB blocks. Buyers should inspect specific stacks carefully — the view and privacy differential between orientations is meaningful.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 13 | $1,895 | $1,795,000 |
| 3 BR | 27 | $1,753 | $1,743,963 |
| 4 BR | 50 | $1,695 | $2,701,856 |
| 5 BR | 5 | $1,859 | $4,232,000 |
Pricing & Market Position
Based on 95 recorded transactions, sale prices range from $1,520,000 to $4,700,000, averaging $2,386,051 (~$1,997 psf).
Rents range from $3,700 to $13,200 per month across 464 rental transactions. Current rental yield sits at approximately 3.3%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 32.6% (from $1,531 to $2,031 psf).
Neighbourhood Comparison
The competitive landscape in District 3 has intensified with recent new launches. Zyon Grand, the newest entrant at approximately $3,050 psf, offers a fresh lease and modern design but at a 53% premium over Ascentia Sky’s average PSF. Avenue South Residence ($2,261 psf) provides scale and Greater Southern Waterfront positioning, while Stirling Residences ($2,271 psf) at Queenstown MRT is the closest comparable in terms of MRT proximity and price point. One Pearl Bank ($2,569 psf) adds the Outram Park interchange advantage and an iconic architectural form.
Against these competitors, Ascentia Sky’s value proposition is straightforward: you trade a newer lease and contemporary design for Wingtai finishing quality, a proven 12-year track record of steady appreciation, immediate availability, and a lower entry price that preserves upside as the GSW precinct matures. For buyers who need to move in immediately and want RCR MRT proximity without paying new-launch premiums, Ascentia Sky remains one of the strongest options in the Alexandra-Redhill corridor.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| ASCENTIA SKY | 99 yrs lease commencing from 2008 | 2013 | 373 | $1,997 |
| 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 |
Lease Decay Analysis
The 99-year lease runs from 2008, meaning approximately 18 years have already been consumed. Roughly 81 years remain — still comfortably within the range where most banks will offer full financing without restrictions.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~81 years | Full bank financing available |
| 2038 | ~69 years | CPF usage still unrestricted for most buyers |
| 2047 | ~59 years | Approaching 60-year threshold — CPF limits begin for some |
| 2067 | ~39 years | Significant financing restrictions for next buyer |
| 2107 | Expiry | Lease reverts to state |
For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~71 years remaining, which is still very bankable. The risk profile changes for longer holds.
ShiokNest Scores
Our proprietary scoring system evaluates ASCENTIA SKY across multiple dimensions.
What Residents Say
“Living here for 5 years and it’s been great. Redhill MRT is literally at your doorstep. The finishing quality from Wingtai is clearly a cut above most condos in this price range. Highly recommend for working professionals.”
— Resident review via EdgeProp
“Good location and quiet compound, but the facilities are just okay — nothing spectacular. The pool is nice and the gym does the job. What you’re really paying for is the MRT access and the Wingtai build quality.”
— Resident review via PropertyGuru
“Rental demand is very strong here. Tenants love the MRT proximity and the Alexandra area has so many dining and shopping options. Never had trouble finding tenants within two weeks.”
— Landlord review via 99.co
The consensus across review platforms is clear: Ascentia Sky attracts residents who prioritise practical convenience — MRT access, build quality, and a functional living environment — over flashy resort-style facilities. The development has a strong tenant profile drawn from nearby business parks and CBD offices, and owner-occupiers tend to be professionals and young families who value the central-south location. Maintenance has been consistently well-managed under a stable MCST, with no major management controversies reported.
Strengths & Weaknesses
- Exceptional MRT proximity — Redhill station just 190m away
- Wingtai Asia developer quality with above-average finishings
- Strong steady price appreciation ($1,692→$2,031 psf over 5 years)
- Solid rental demand — 451 transactions, $6,414 avg rent, 3.3% yield
- Greater Southern Waterfront upside as precinct transforms
- Elevated site with sweeping southern views toward sea and Henderson Waves
- Well-maintained compound with stable MCST management
- Proximity to one-north, Mapletree Business City, and CBD employment nodes
- Walking distance to Anchorpoint, IKEA Alexandra, and hawker centres
- Significant discount to new launches — 35–53% cheaper psf than Zyon Grand
- 99-year lease from 2008 — 81 years remaining, lease decay becomes a factor
- Facilities breadth does not match mega-developments
- Gym is functional but compact for a 373-unit development
- Some north-facing lower units face HDB proximity
- No indoor sports facilities or co-working spaces
- East-West Line only — no Circle Line without transfer at Buona Vista
- Higher entry quantum (~$2.4M average) may stretch younger buyers
- Limited unit mix variation compared to newer developments
Verdict
Ascentia Sky occupies a sweet spot that is increasingly rare in Singapore’s RCR landscape: genuine MRT adjacency (190m to Redhill), a reputable developer with quality finishings, steady price appreciation from $1,692 to $2,031 psf over five years, and a location that stands to benefit from the Greater Southern Waterfront transformation. At an average transaction price of $2,386,051 (approximately $1,992 psf), it represents a meaningful discount to new launches in the corridor like Zyon Grand ($3,050 psf) while offering immediate occupation and a proven track record.
The rental story is solid: 451 rental transactions with an average rent of $6,414 and a gross yield of 3.3% place it comfortably in the top tier for RCR developments. The proximity to one-north business park, Mapletree Business City, and the upcoming GSW commercial nodes ensures continued tenant demand from professionals and expatriates.
The main caveat is the lease. With 81 years remaining, Ascentia Sky is well within the comfort zone for full bank financing today, but buyers on a 20-year investment horizon should factor in the inevitable lease decay impact on future valuations. The development scores a solid ShiokNest rating of 62, reflecting its balanced strengths across walkability (70), investment potential (70), and profitability (64).