Loft @ Stevens
Overview & Key Facts
Loft @ Stevens occupies a quiet residential stretch of Stevens Road in District 10, one of Singapore’s most established prime addresses. Developed by Oxley Concept Pte Ltd — a subsidiary of Oxley Holdings — and completed in 2014, the project is a deliberate exercise in restraint: 44 units across five storeys, freehold, and positioned as a boutique urban retreat for the discerning owner-occupier or investor who prizes scarcity over scale.
With just 44 units, Loft @ Stevens sits comfortably in the boutique category. The unit mix skews compact: 1-bedroom apartments from 355 sqft, 1-bedroom-plus-study configurations from 376 sqft, 2-bedroom units from 387 sqft, and six penthouses ranging from 710 to 1,130 sqft with roof terrace options. This is a development designed around lock-and-leave convenience and rental liquidity — the unit sizes and location calibrate well to the serviced apartment and corporate rental market that anchors much of the Stevens Road corridor.
The Stevens Road address carries its own cachet. The corridor runs through the Tanglin–Bukit Timah arc of District 10, flanked by Good Class Bungalow enclaves, international schools, and the Botanic Gardens UNESCO World Heritage Site to the south. Loft @ Stevens benefits from this adjacency without the land-cost premium of the GCB districts proper — making it one of the more accessible entry points into genuine prime Singapore.
Location & Connectivity
The location headline for Loft @ Stevens is the Stevens MRT station, just 250 metres from the development — effectively a four-minute stroll. Stevens is an interchange connecting the Downtown Line (DTL) and the Thomson-East Coast Line (TEL), giving residents direct access to the city centre, Marina Bay, and the upcoming TEL extensions toward Changi Airport without a single transfer. For a boutique CCR development, this MRT proximity is an exceptional asset: it anchors rental demand from expat professionals and young executives who commute downtown daily.
For drivers, the picture is equally strong. Orchard Road is roughly 8 minutes by car, the CBD under 15 minutes via the CTE, and Buona Vista or one-north is accessible in under 20 minutes via the PIE. The PIE on-ramp near Dunearn Road gives smooth connectivity to both the east and west corridors without navigating the congestion of Orchard or the city core. Changi Airport is approximately 30 minutes in off-peak traffic.
For daily living, the immediate Stevens Road area is a neighbourhood of quiet residential roads and modest local amenities rather than a dense retail corridor. Cold Storage supermarkets at Alocassia and Chancery Court are within driving distance. The Coronation Plaza neighbourhood mall at Bukit Timah Road is a short drive, while Tanglin Mall, Forum The Shopping Mall, and the Orchard belt are easily accessible in under 10 minutes. Newton Food Centre, one of the most-visited hawker centres in Singapore, is walkable via Newton Circus and offers the kind of everyday hawker convenience that most CCR residents would otherwise drive to.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Nanyang Girls' High School | secondary | Within 1 km |
| Nanyang Primary School | primary | Within 1 km |
| ISS International School (Preston) | international | Within 1 km |
| ISS International School (Paterson) | international | Within 1 km |
| Methodist Girls' School (Primary) | primary | ~1.0 km |
| Anglo-Chinese School (Primary) | primary | ~1.1 km |
| Methodist Girls' School | secondary | ~1.1 km |
| Singapore Chinese Girls' School (Primary) | primary | ~1.1 km |
Facilities
Loft @ Stevens does not attempt to compete with the resort-scale facilities of developments like The Minton or Parc Clematis, and this is by design. The amenity provision is purposefully lean for a CCR boutique: a lap pool, pool deck, gym, BBQ pit, covered car park, and 24-hour security. For a 44-unit development in this segment, the maintenance fee implications of a larger facilities deck would be prohibitive on a per-unit basis — and the target tenant or owner-occupier is not typically making a facilities comparison against suburban mega-condos.
The pool and pool deck are the primary social and recreational assets. The gym is compact but functional for residents who supplement it with commercial gym memberships nearby (Virgin Active at United Square and Fitness First at Orchard Central are both within a 10-minute drive). The absence of tennis courts, function rooms, or a clubhouse is a trade-off — residents who rely heavily on in-compound socialising or sports facilities should consider larger developments in the district.
“Wonderful development, low density and living amongst the rich along Stevens Road. Just minutes away from Orchard Road with easy access to expressways — very convenient.”
— Resident review via Singapore Expats
Unit Sizes & Layout
Loft @ Stevens targets the compact urban living segment with unit sizes that are intentionally modest against the district average. One-bedroom units start at 355 sqft — squarely in serviced-apartment territory — while 1-bedroom-plus-study configurations from 376 sqft offer a home-office option for the remote-working tenant. Two-bedroom units at 387–441 sqft are compact by any measure, suited to a couple rather than a family with children. The penthouses, at 710–1,130 sqft with roof terraces, represent the development’s lifestyle statement: elevated views over a low-rise neighbourhood, private outdoor space, and freehold tenure. All unit types benefit from the Stevens Road corridor’s characteristic quiet — there is no expressway noise here, and the surrounding low-rise enclave means no near-term obstruction risk.
The compact 1- and 2-bedroom units are best understood as investment or corporate rental vehicles rather than long-term family homes. Layout efficiency is solid for the size, but buyers with space expectations shaped by landed or larger condominium living will find the standard floors feel decidedly city-apartment in scale. Interior finishings reflect Oxley’s typical mid-to-premium market calibration — solid without being exceptional, with good-quality fittings that photograph well but may require selective upgrades for premium rental positioning.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 8 | $2,277 | $903,222 |
| 1 BR | 4 | $1,902 | $1,121,250 |
Pricing & Market Position
Based on 12 recorded transactions, sale prices range from $839,888 to $1,365,000, averaging $975,898 (~$2,277 psf).
Rents range from $2,000 to $5,600 per month across 145 rental transactions. Current rental yield sits at approximately 4.1%.
Price Appreciation
From 2021 to 2025, the average PSF has appreciated by 23% (from $1,840 to $2,263 psf).
Neighbourhood Comparison
The natural comparators in District 10 represent very different value propositions. Leedon Green at S$2,784 psf is the closest large-format freehold peer — 638 units, full resort facilities, and significantly more spacious units, but at a 20–25% psf premium and with the noise and density trade-offs of a larger development. Hyll on Holland at S$2,648 psf is also freehold, 319 units, and offers better facilities than Loft @ Stevens but sits on Holland Road rather than the Stevens interchange catchment — a different commuter profile. Fourth Avenue Residences at S$2,465 psf is a 99-year leasehold from 2018, making Loft @ Stevens’s freehold status meaningful for lease-sensitive buyers.
The clearest trade-off is quantum versus facilities. Loft @ Stevens can be entered at a lower absolute price (units transact from S$888K) than most District 10 alternatives, with freehold tenure, Stevens interchange MRT, and a boutique address. The concession is facilities depth and unit spaciousness. Buyers for whom the investment thesis — freehold D10, strong yield, strong MRT, low-entry quantum — is the primary driver will find Loft @ Stevens hard to argue against at current pricing.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| LOFT @ STEVENS | Freehold | 2014 | 44 | $2,277 |
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | 2025 | 666 | $2,945 |
| LEEDON GREEN | Freehold | 2021 | 638 | $2,784 |
| D'LEEDON | 99 yrs lease commencing from 2010 | 2014 | 1,703 | $1,855 |
| HYLL ON HOLLAND | Freehold | 2021 | 319 | $2,648 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | 2021 | 476 | $2,465 |
ShiokNest Scores
Our proprietary scoring system evaluates LOFT @ STEVENS across multiple dimensions.
What Residents Say
“City fringe — easy access to public transportation, convenient access to highways for those driving. It’s a quiet stretch despite being so close to Orchard.”
— Resident review via Singapore Expats, 2020
“Peaceful environment yet easily accessible to the Orchard belt. The neighbourhood feels very private — you forget you’re this close to the city.”
— Resident review via Singapore Expats, 2013
“New executive living within city. The freehold status and Stevens MRT proximity made it a clear investment decision for us. The unit sizes are compact but very liveable for a couple.”
— Resident review via Singapore Expats, 2013
Resident feedback for Loft @ Stevens is sparse by volume — consistent with the boutique owner-occupier profile, where residents tend not to be prolific review writers. The common thread across all reviews is appreciation for the low-density character, the location quality relative to what it costs, and the Stevens MRT convenience. No major management complaints have surfaced. The development’s aggregate rating of 6.9/10 on Singapore Expats (4 reviews) reflects a solid but not exceptional reception — the compact facilities and unit sizes likely cap the ceiling on enthusiasm even from satisfied owners.
Strengths & Weaknesses
- Freehold tenure — no lease decay, permanent capital preservation
- 250m walk to Stevens MRT interchange (DTL + TEL) — rare CCR proximity
- Strong 4.09% gross yield — outperforms typical CCR freehold average
- Low-density boutique (44 units) — quiet, private, no overcrowding
- Orchard Road under 10 minutes by car or two MRT stops
- GCB enclave views with no near-term obstruction risk from surrounding low-rise
- Singapore Botanic Gardens (UNESCO) within 1.3 km
- Competitive entry quantum vs larger D10 freehold peers
- Penthouse units with private roof terraces up to 1,130 sqft
- Established Oxley Holdings developer pedigree
- Compact standard-floor units (1BR from 355 sqft, 2BR from 387 sqft) — not suited to families
- Minimal facilities — pool and gym only; no tennis, function rooms, or clubhouse
- Limited unit count means thin resale transaction history — price discovery can be volatile
- No hawker centre within easy walking distance — daily meal options require a car or MRT
- En-bloc probability low (44 freehold units — land cost per-unit makes collective sale economics difficult)
- Retail amenities in immediate vicinity limited — Orchard belt reliance for malls/supermarkets
- Boutique developments carry higher maintenance fees per unit relative to larger condos
Verdict
Loft @ Stevens is a well-calibrated product for a specific buyer: the investor or owner-occupier who wants freehold District 10 at a lower quantum than the large-format CCR alternatives, with strong MRT connectivity and a credible rental story anchored by the Stevens Road address and downtown line interchange. At S$2,200–2,500 psf, it is no bargain relative to Singapore’s broader market, but it is competitively positioned within the CCR boutique freehold segment, especially given the 250m walk to Stevens interchange.
The development’s principal weaknesses are its limited facilities and the compact unit sizes on standard floors. Families with children will find 44 units with no tennis court, no function rooms, and 2-bedroom apartments under 450 sqft an uncomfortable fit for permanent residence. For that buyer profile, larger D10 developments like Leedon Green (638 units, Freehold) or D’Leedon (1,703 units, leasehold but much lower psf) offer more liveable configurations at the cost of the boutique premium.
For the investor, the yield story is noteworthy: at 4.09% gross yield, Loft @ Stevens outperforms the typical CCR freehold average (usually 2.5–3.5%). This reflects both the corporate rental demand from the Stevens Road corridor and the compact unit sizes, which drive strong rent-per-square-foot metrics even as absolute rental quantum remains accessible. The freehold tenure removes the lease-decay risk entirely — a meaningful distinction for a property that will be sold or re-let in 15–20 years.