One Shenton
Overview & Key Facts
ONE SHENTON is a twin-tower landmark on Shenton Way in District 1 — the beating heart of Singapore’s Central Business District. Developed by City Developments Limited (CDL) and completed in 2010, the development comprises 341 units across two towers of 50 storeys each, rising dramatically above the financial district skyline. The towers are connected by a sky bridge, giving the project its distinctive silhouette when viewed from Marina Bay.
The development sits on a 99-year leasehold from 2005, placing it squarely in the premium CBD residential tier that includes neighbours like The Sail @ Marina Bay, Marina One Residences, and Marina Bay Residences. At 341 units, ONE SHENTON is a boutique-scale development by CBD standards — far smaller than The Sail’s 1,111 units or Marina One’s 1,042 — which gives it a quieter, more exclusive residential character despite its location in the busiest part of the city.
With an investment score of 79 and a rental pool of 885 recorded leases, ONE SHENTON is one of the most actively traded residential assets in the CBD. Its position directly above the Downtown MRT station makes it a magnet for banking and finance professionals who value the ability to walk to work — literally — and the rental yield of 3.5% reflects sustained institutional-grade demand from the CBD tenant base.
Location & Connectivity
ONE SHENTON’s location is, by any measure, extraordinary for MRT access. Downtown MRT station sits just 230 metres away — essentially at the building’s doorstep. But the story doesn’t stop there: Telok Ayer MRT (0.39 km), Shenton Way MRT (0.41 km), and Raffles Place MRT (0.49 km) are all within 500 metres. That is four MRT stations serving three separate lines (Downtown Line, Thomson-East Coast Line, and East-West/North-South Lines) reachable on foot in under seven minutes.
For drivers, the development is directly connected to the AYE, MCE, and ECP via the Shenton Way arterial roads. Marina Bay Sands, the Esplanade, and Gardens by the Bay are all within a 5-minute drive or a 15-minute walk along the waterfront promenade. Changi Airport is reachable in approximately 20 minutes via the MCE-ECP corridor.
Daily amenities are abundant. Lau Pa Sat festival market is a 3-minute walk for hawker food, while the full retail offerings of Marina Bay Link Mall, One Raffles Place, and the Tanjong Pagar dining strip are all within comfortable walking distance. NTUC FairPrice at Tanjong Pagar Plaza and the Cold Storage at Raffles Place serve grocery needs. For weekend lifestyle, the Marina Bay waterfront, Gardens by the Bay, and the cultural precinct around Esplanade are all accessible without getting into a car.
The one notable gap in the location is primary schooling. The nearest secondary school, Outram Secondary, is 1.72 km away, and there are no primary schools within the traditional 1 km balloting radius. Families with school-age children will need to factor in commuting to school — this is a location optimised for working professionals, not for P1 registration.
Schools & Education
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | secondary | ~1.7 km |
| Cantonment Primary School | primary | ~1.9 km |
| School of the Arts | jc | ~1.9 km |
| Singapore Management University | tertiary | ~1.9 km |
Facilities
For a 341-unit development, ONE SHENTON offers a respectable but not extravagant set of facilities. The twin towers share a common podium level featuring a 50-metre lap pool, a smaller leisure pool, a fully equipped gymnasium, tennis court, BBQ pavilions, function rooms, and a sky lounge on the upper floors. The sky bridge connecting the two towers at the upper levels provides a dramatic shared space with panoramic views of the Marina Bay skyline.
The development’s real facility advantage is external rather than internal: the CBD itself functions as the amenity deck. World-class dining, entertainment, and cultural venues are within walking distance. The Marina Bay waterfront promenade, which many developments advertise as a “nearby attraction,” is genuinely part of daily life here — residents jog along it, not drive to it.
Security is managed to corporate standards, as expected in a CBD residential tower. Concierge services, 24-hour security, and card-access lifts are standard. The lower floors of the podium include commercial space, which adds convenience but also means some units on lower floors may experience more foot traffic in the immediate surroundings.
One practical consideration: the development is now 16 years old, and while CDL’s build quality has generally held up, the facilities show their age compared to newer Marina Bay launches like Marina One (2018) or the upcoming One Marina Gardens. Buyers expecting cutting-edge smart-home integration or resort-style landscaping will find ONE SHENTON more functional than flashy — which, given the CBD context, may be exactly the right trade-off.
Unit Sizes & Layout
ONE SHENTON’s unit mix is weighted toward compact configurations suited to the CBD demographic. The majority of units are 1-bedroom and 2-bedroom layouts, ranging from approximately 500 sqft to 1,200 sqft, with a smaller number of 3-bedroom and penthouse units in the upper floors. The layout efficiency is typical of CDL’s mid-2000s design philosophy — functional, squarish living spaces with minimal wasted corridor area.
The standout feature across all unit types is the view. Upper-floor units in the Marina Bay–facing stacks enjoy unobstructed panoramas stretching from Gardens by the Bay across to the Singapore Strait. These stacks command a noticeable PSF premium, and the view quality is genuinely world-class — comparable to what you would pay significantly more for at Marina Bay Suites or Marina Bay Residences. City-facing units overlooking the CBD skyline offer a different but equally dramatic nightscape.
Interior finishings reflect CDL’s standards from the 2005–2010 era: marble flooring in common areas, timber flooring in bedrooms, branded bathroom fittings. While solid and durable, these will feel dated compared to recent launches. Most resale units on the market have been owner-renovated to contemporary standards, so buyers should inspect carefully to understand what has been refreshed versus original.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 28 | $1,980 | $1,129,778 |
| 2 BR | 15 | $1,675 | $1,484,267 |
| 3 BR | 36 | $1,690 | $1,869,167 |
| 4 BR | 22 | $1,724 | $2,727,794 |
| 5 BR | 3 | $1,736 | $5,876,000 |
Pricing & Market Position
Based on 104 recorded transactions, sale prices range from $998,000 to $9,500,000, averaging $1,911,800 (~$1,879 psf).
Rents range from $2,600 to $80,000 per month across 898 rental transactions. Current rental yield sits at approximately 3.5%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 12.1% (from $1,649 to $1,848 psf).
Neighbourhood Comparison
The competitive set in District 1 is well-defined. The Sail @ Marina Bay at S$2,008 psf is the closest comparable — similar vintage (2008 TOP), larger scale (1,111 units), and equally strong rental demand. The Sail offers a more resort-like facility deck but at a 6% PSF premium. Marina One Residences (S$2,342 psf) is newer (2018) with a fresh lease and integrated commercial podium, but commands a 24% premium. Marina Bay Residences (S$2,277 psf) offers waterfront positioning at a 20% premium.
The elephant in the room is One Marina Gardens, launching at S$2,956 psf — a 56% premium over ONE SHENTON. For buyers weighing a brand-new 99-year lease against the PSF savings, the math is stark: a 2-bedroom at ONE SHENTON costs roughly S$1.75M versus S$2.7M+ at One Marina Gardens. The lease difference (78 years vs 99 years) accounts for some of that gap, but not all of it — suggesting ONE SHENTON still offers genuine value for buyers who can tolerate the ageing lease.
Union Square Residences, the newest entrant at S$3,187 psf, occupies the ultra-premium end and is not a direct competitor in practical terms. It does, however, reset buyer expectations for what “new CBD” costs — making ONE SHENTON’s sub-S$1,900 psf look increasingly attractive to value-conscious investors who prioritise yield over capital appreciation.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| ONE SHENTON | 99 yrs lease commencing from 2005 | 2010 | 341 | $1,879 |
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | 2025 | 937 | $2,957 |
| THE SAIL @ MARINA BAY | 99-year leasehold | 2008 | 1,111 | $2,011 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | 2018 | 1,042 | $2,323 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | 2024 | 366 | $3,159 |
| MARINA BAY RESIDENCES | 99 yrs lease commencing from 2005 | 2010 | 428 | $2,275 |
Lease Decay Analysis
The 99-year lease runs from 2005, meaning approximately 21 years have already been consumed. Roughly 78 years remain — still comfortably within the range where most banks will offer full financing without restrictions.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~78 years | Full bank financing available |
| 2035 | ~69 years | CPF usage still unrestricted for most buyers |
| 2044 | ~59 years | Approaching 60-year threshold — CPF limits begin for some |
| 2064 | ~39 years | Significant financing restrictions for next buyer |
| 2104 | 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 ~68 years remaining, which is still very bankable. The risk profile changes for longer holds.
ShiokNest Scores
Our proprietary scoring system evaluates ONE SHENTON across multiple dimensions.
What Residents Say
“Location is unbeatable — I walk to work in 5 minutes and have four MRT stations within reach. Lau Pa Sat downstairs for lunch, Marina Bay for evening runs. Hard to beat this lifestyle if you work in the CBD.”
— Resident review via PropertyGuru
“Great for singles and couples. The unit sizes are compact but the location more than compensates. Weekend mornings at Gardens by the Bay are a short walk away. Only downside is the lack of nearby supermarkets for serious grocery runs.”
— Resident review via EdgeProp
“The building is showing its age a bit, but CDL build quality holds up. Management is professional. Main concern is the lease — we bought for rental and the yield has been solid, but we are watching the 75-year mark closely for exit timing.”
— Owner-investor via EdgeProp
The resident profile skews heavily toward working professionals in banking, finance, and technology — people who chose ONE SHENTON because it eliminates the commute. Feedback consistently highlights the unmatched convenience and MRT access as the top draw, with the lease and ageing facilities as the primary concerns. Tenant satisfaction appears high, which is reflected in the strong rental renewal rates that underpin the 3.5% yield.
Strengths & Weaknesses
- 4 MRT stations within 500m — among the best transit access of any condo in Singapore
- Downtown MRT just 230m away — essentially at the doorstep
- Strong investment score of 79 with proven rental demand (885 leases)
- Competitive PSF ($1,896) vs newer CBD launches ($2,300–$3,200)
- CDL build quality with twin-tower iconic skyline presence
- Gross rental yield of 3.5% backed by deep CBD tenant pool
- Marina Bay views from upper-floor stacks
- Boutique scale (341 units) — quieter than mega-CBD developments
- Walking distance to Lau Pa Sat, Marina Bay, Gardens by the Bay
- Active resale market (102 transactions) — strong exit liquidity
- 99-year lease from 2005 — only ~78 years remaining, crossing 75-year bank threshold in ~3 years
- Below 60-year CPF threshold in approximately 18 years — affects future buyer financing
- No primary schools within 1 km — not suited for P1 balloting families
- Facilities showing age at 16 years post-TOP vs newer Marina Bay competitors
- Compact unit sizes typical of mid-2000s CBD design
- Limited grocery options in immediate vicinity
- PSF has been volatile — $1,758→$1,782→$1,796→$1,877→$1,767 over 5 years
- Weekend CBD environment can feel quiet compared to suburban hubs
- Lower-floor units face commercial podium foot traffic
Verdict
ONE SHENTON occupies a compelling niche: it is one of the most affordable entry points into CBD residential living on a per-square-foot basis, while offering arguably the best MRT connectivity of any condo in Singapore. At a median price of S$1,750,000 and a 12-month PSF of S$1,896, it sits well below Marina One (S$2,342 psf) and significantly below the new One Marina Gardens (S$2,956 psf). For buyers who want a CBD address backed by strong rental demand, it represents genuine value.
The investment thesis is supported by the numbers: an investment score of 79, 885 recorded rental transactions, and a gross yield of 3.5% — all indicators of a mature, liquid asset with consistent institutional demand. The 102 sales transactions confirm an active resale market, meaning exit liquidity is not a concern at current pricing levels.
The honest risk is the lease. At 78 years remaining, ONE SHENTON is about to cross the 75-year threshold that triggers reduced loan tenures at several banks. This does not make it unbuyable — plenty of sub-75-year leaseholds trade actively — but it narrows the buyer pool and introduces a friction that newer competitors do not face. Buyers who plan to hold for 10+ years are effectively selling a sub-65-year lease asset, which historically trades at a steeper discount to younger stock.
For CBD professionals who want to live where they work, for investors seeking strong rental yield in a liquid market, and for buyers who prioritise location and connectivity over lease length, ONE SHENTON remains one of the most rational choices in District 1. Just go in with eyes open on the lease arithmetic.