Skysuites@anson
Overview & Key Facts
SKYSUITES@ANSON is a 360-unit freehold-equivalent development on Enggor Street in District 2 — the heart of Singapore’s Tanjong Pagar CBD precinct. Completed in 2014 under a 99-year lease commencing 2008 (~80 years remaining), the 71-storey tower was developed by Sustained Land Pte Ltd and stands as one of the tallest residential buildings in the Tanjong Pagar corridor.
The development’s investment credentials are immediately apparent: an Investment Score of 80 on ShiokNest, underpinned by a remarkable 1,083 rental transactions that signal deep, sustained tenant demand from the CBD workforce. At an average rent of S$4,242/month and a gross yield of 3.26%, SKYSUITES@ANSON functions as a proven rental income engine in one of Singapore’s most liquid leasing submarkets.
With three MRT stations within 500 metres — Tanjong Pagar (0.30 km), Prince Edward Road (0.40 km), and Shenton Way (0.43 km) — the development offers unmatched transit connectivity for a residential tower. Compact units averaging S$1,297,119 (S$2,262 psf) are tailored to the young professional and expatriate demographic that drives the Tanjong Pagar rental market.
Location & Connectivity
SKYSUITES@ANSON sits on Enggor Street, a quiet side road tucked behind the commercial towers of Anson Road and Tanjong Pagar. The location is pure CBD — office workers from the surrounding financial district form the backbone of the tenant pool, and the concentration of F&B, retail, and nightlife options along Tanjong Pagar Road, Duxton Hill, and Keong Saik Road is among the densest in Singapore.
The MRT access is the development’s crown jewel. Tanjong Pagar MRT (East-West Line) is a 4-minute walk at 0.30 km. The upcoming Prince Edward Road station on the Thomson-East Coast Line sits 0.40 km away, and Shenton Way MRT (also TEL) is 0.43 km. When the TEL stations are fully operational, residents will have direct one-seat rides to Orchard, Marina Bay, and the East Coast — a level of rail connectivity that few residential addresses in Singapore can match.
For drivers, the AYE on-ramp is minutes away via Keppel Road, and the CBD location means most of the island’s commercial hubs are within a 15-minute drive. The trade-off is familiar to anyone who has lived in the CBD: street-level parking is limited, ERP gantries are everywhere during peak hours, and weekend errands often mean heading out of the district for groceries and family-oriented amenities.
Schools & Education
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | primary | ~1.3 km |
| Outram Secondary School | secondary | ~1.4 km |
Facilities
SKYSUITES@ANSON is a compact 360-unit tower, and its facilities reflect the constraints of a high-rise CBD site rather than the sprawling amenity decks of suburban mega-condos. The development offers a swimming pool, gym, BBQ area, function room, and sky terrace — functional but not exceptional by current standards.
The sky terrace and rooftop facilities are the standout feature, offering panoramic views across the CBD skyline, Marina Bay, and the southern waterfront. For a development of this size, the pool and gym are adequate for daily use, though peak-hour congestion is a common complaint in compact CBD towers.
“The rooftop view is absolutely stunning — you can see across to Marina Bay Sands, the harbour, and Sentosa. It’s the kind of view that makes you forget you’re living in a compact unit.”
— Resident review via PropertyGuru
Buyers expecting resort-style amenities will be disappointed — this is not The Minton or a Sentosa Cove estate. The facilities are designed for CBD professionals who spend most of their leisure time in the surrounding neighbourhood rather than within the development compound. For the target demographic, this is perfectly adequate; for families with children, the limited recreational space is a genuine constraint.
Unit Sizes & Layout
The unit mix at SKYSUITES@ANSON skews heavily toward compact configurations — studios, 1-bedrooms, and small 2-bedrooms that cater to the CBD rental market. This is by design: the development was conceived as an investment-grade product targeting the Tanjong Pagar professional tenant pool, and the unit sizes reflect that positioning.
Average transaction prices hover around S$1,297,119, which translates to S$2,262 psf — a figure that has remained remarkably stable over recent years. The PSF trend tells the story: S$2,149 → S$2,285 → S$2,229 → S$2,276 → S$2,228. This is a flat, range-bound trajectory rather than a growth curve, which is consistent with how the market prices mature CBD leasehold stock.
Higher-floor units command premium views across the CBD and towards the sea, which is a genuine differentiator in a 71-storey tower. Stack selection matters significantly here — units facing Marina Bay and the southern waterfront hold better rental premiums than those oriented toward neighbouring commercial buildings.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 37 | $2,367 | $897,267 |
| 1 BR | 54 | $2,124 | $1,461,585 |
| 3 BR | 5 | $2,365 | $2,388,961 |
Pricing & Market Position
Based on 96 recorded transactions, sale prices range from $828,000 to $2,646,803, averaging $1,292,388 (~$2,259 psf).
Rents range from $2,200 to $10,031 per month across 1105 rental transactions. Current rental yield sits at approximately 3.3%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 2.9% (from $2,184 to $2,247 psf).
Neighbourhood Comparison
Within the Tanjong Pagar / Anson Road corridor, the competitive landscape has shifted significantly with newer launches entering the market. One Bernam at S$2,587 psf offers a fresh 99-year lease and newer facilities, representing the most direct upgrade path for buyers willing to pay a ~14% PSF premium. Sky Everton at S$2,802 psf adds freehold tenure to the equation — a meaningful differentiator for long-term holders concerned about lease decay.
Icon at S$1,797 psf presents the value alternative, but with an older development profile and less impressive rental metrics. Newport at S$3,127 psf (freehold) occupies the premium end of the spectrum and caters to a different buyer profile entirely.
SKYSUITES@ANSON’s edge over these competitors is empirical rather than aspirational: no other development in the cluster can point to 1,083 rental transactions as proof of tenant demand. For yield-focused investors who prioritise occupancy certainty over capital growth or lease length, that track record is the single most persuasive data point in the comparison.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | — | 360 | $2,259 |
| ONE BERNAM | 99 yrs lease commencing from 2019 | 2021 | 364 | $2,587 |
| NEWPORT RESIDENCES | Freehold | 2026 | 487 | $3,128 |
| ICON | 99 yrs lease commencing from 2002 | 2007 | 646 | $1,791 |
| SKY EVERTON | Freehold | 2021 | 262 | $2,800 |
| SPOTTISWOODE RESIDENCES | Freehold | 2014 | 351 | $2,204 |
ShiokNest Scores
Our proprietary scoring system evaluates SKYSUITES@ANSON across multiple dimensions.
What Residents Say
“Excellent location for CBD workers. Three MRT lines within walking distance and the Tanjong Pagar food scene is unbeatable. The unit is small but the location makes up for it.”
— Tenant review via 99.co
“Bought as an investment and it has never been vacant for more than two weeks between tenants. The rental demand here is very strong.”
— Investor owner via EdgeProp
“Pool and gym are decent but crowded during evenings. The views from higher floors are amazing though. Maintenance is reasonable for a CBD condo.”
— Resident review via PropertyGuru
The resident and tenant feedback converges on a consistent theme: location and rental convenience are the primary draws, while unit size and facilities are accepted trade-offs. The investor community regards SKYSUITES@ANSON as a reliable income-generating asset with minimal vacancy risk, which aligns with the extraordinary rental transaction volume. Complaints tend to focus on the compact living spaces and peak-hour facility congestion rather than management or build quality issues.
Strengths & Weaknesses
- Exceptional MRT access — 3 stations within 500m (Tanjong Pagar, Prince Edward Road, Shenton Way)
- Investment Score of 80 — among the highest in the CBD corridor
- Massive rental demand: 1,083 transactions demonstrate deep tenant pool
- Gross yield of 3.26% with average rent of S$4,242/month
- Prime Tanjong Pagar CBD location with vibrant dining and nightlife precinct
- Minimal vacancy risk — units rent quickly to CBD professionals and expats
- 71-storey tower offers premium high-floor views over Marina Bay and the waterfront
- Thomson-East Coast Line stations (Prince Edward Road, Shenton Way) enhance future connectivity
- Strong rental yield supports mortgage servicing for leveraged investors
- Mid-price entry vs newer CCR launches (One Bernam, Sky Everton)
- Low Profitability Score (37) — flat capital appreciation trajectory
- PSF range-bound at S$2,200–S$2,300 with no clear growth trend
- 99-year lease from 2008 (~80 years remaining) — lease decay a long-term concern
- Compact unit sizes not suitable for families or long-term owner-occupation
- Facilities adequate but limited compared to suburban developments
- CBD weekend environment is quiet — limited family-oriented amenities nearby
- Limited primary school options (Cantonment Primary 1.26 km — outside 1 km priority)
- Peak-hour facility congestion typical of compact high-rise towers
- ERP and parking costs add to CBD living expenses for car owners
Verdict
SKYSUITES@ANSON is a textbook CBD rental play. The numbers are compelling: 1,083 rental transactions demonstrate a depth of tenant demand that most condos in Singapore simply cannot match. Three MRT stations within 500 metres, the Tanjong Pagar lifestyle precinct at your doorstep, and a gross yield of 3.26% — for an investor seeking stable, recurring rental income from the CBD office worker demographic, this development ticks nearly every box.
The limitations are equally clear. The Profitability Score of 37 and flat PSF trajectory (hovering around S$2,200–S$2,300 over recent years) tell you that capital appreciation is not the story here. With ~80 years remaining on a 99-year lease, the development is entering the phase where lease decay begins to weigh on long-term price growth. Buyers hoping for significant capital gains will likely be disappointed.
The Investment Score of 80 is well-earned and reflects the rental income strength, but it should not be confused with total-return potential. This is an income asset, not a growth asset. For owner-occupiers who work in the CBD and value the commute savings, the lifestyle convenience is genuine — but the compact units and limited facilities mean this is best suited to singles or couples, not families.
“If you work in Tanjong Pagar or Raffles Place, the convenience is hard to beat. I walk to work in 10 minutes and have dozens of food options within 5 minutes. But I wouldn’t raise a family here.”
— Owner-occupier, online property forum
The competitive set reinforces the positioning. One Bernam at S$2,587 psf and Sky Everton at S$2,802 psf (freehold) represent the newer, pricier alternatives with fresh leases. Newport at S$3,127 psf (freehold) sits at a significant premium. Icon at S$1,797 psf offers a cheaper entry point but with an older profile. SKYSUITES@ANSON occupies the mid-ground: not the cheapest, not the newest, but arguably the most proven rental performer in the cluster.