Southaven Ii

D21 (RCR) 999 yrs lease commencing from 1877
District 21 ·999 yrs lease commencing from 1877 ·Completed 1999
~$1,550 Avg PSF (12-month)
2.1% Rental yield
497 Total units
Category Ratings
Facilities
6.0
Unit size & layout
8.0
Value for money
8.5
Neighbourhood
7.5
MRT accessibility
5.5
Lease remaining
10.0

Overview & Key Facts

Southaven II is a 497-unit condominium at Hindhede Walk in the heart of District 21’s Upper Bukit Timah corridor, completed in 1999 and developed by Ho Bee Land — one of Singapore’s prominent listed developers with a long track record across residential and commercial projects island-wide. Sitting on a 999-year leasehold tenure commencing from 1877, the development carries a colonial-era land grant that, for all practical purposes, functions identically to freehold: with approximately 851 years remaining, financing restrictions, CPF limitations, and lease-decay concerns that apply to 99-year leasehold properties are essentially irrelevant.

Southaven II is the second and larger phase of Ho Bee Land’s two-phase Hindhede Walk development. Southaven I (157 units, completed 1998) sits adjacent to the north, and together the two projects share a campus-like presence along Hindhede Walk that gives the combined precinct a settled, established character well beyond what the individual project ages might suggest. Residents in both phases share a green corridor address with mature trees, low vehicle traffic, and the kind of natural surroundings that D21’s Bukit Timah proximity uniquely provides in Singapore.

At 497 units, Southaven II straddles the boundary between a mid-sized community condo and a mega-development. It is large enough to support a comprehensive facilities package and professional management, but not so oversized that the estate feels anonymous. The development occupies five residential blocks across a generous land area typical of the late-1990s planning era, when developers were still allocating meaningful plot ratios to landscaping and communal space rather than maximising tower density.

With an average transacted PSF of $1,479 overall and $1,547 for 2024–2025 transactions, Southaven II is priced materially below newer D21 launches such as The Reserve Residences ($2,400+ PSF) and Forett at Bukit Timah ($1,800+ PSF). For buyers who want genuine Bukit Timah district exposure — the school catchment, the Hindhede nature access, the proximity to Beauty World’s established amenity cluster — the 999-year tenure and the sub-$1,600 PSF entry point make it one of the most compelling value cases in the district.

Developer
HO BEE DEVELOPMENTS PTE LTD
Tenure
999 yrs lease commencing from 1877
Total units
497
TOP year
1999
District
21 — OCR
Street
HINDHEDE WALK
Lease remaining
~72 years (of 99)

Location & Connectivity

Southaven II’s address on Hindhede Walk places it in one of Singapore’s most coveted residential micro-locations. Hindhede Drive runs directly into the Bukit Timah Nature Reserve — the 163-hectare primary rainforest that remains Singapore’s most significant green lung — and the Rail Corridor’s Hillview-to-Beauty World section passes nearby, offering residents a linear park network for cycling, walking, and outdoor recreation that few other residential districts can replicate. The area is low-density by design, characterised by landed housing, older condominiums, and the boutique commercial offerings at Rail Mall (1.6 km) and Beauty World Plaza.

MRT access is served by the Downtown Line. Beauty World MRT (DT5) is the nearest station at approximately 1.2–1.5 km — walkable for active commuters in around 15–18 minutes, or a single bus stop away for those preferring the shorter door-to-door option. King Albert Park MRT (DT6), opened as part of the Downtown Line Phase 3, is also within the broader vicinity at similar distance. The Downtown Line provides direct access to Botanic Gardens (DT9), Little India (DT12), Bugis (DT14), Marina Bay (DT17), and Expo (DT35) — a strong east-west spine for residents commuting to the CBD or Changi employment clusters.

For families, the Bukit Timah education belt is one of Singapore’s most competitive. Pei Hwa Presbyterian Primary School is approximately 1 km from the estate, Methodist Girls’ School (Primary) is 1.88 km, and Bukit Timah Primary School is within the broader 2 km catchment. The entire corridor from Bukit Timah Road to Sixth Avenue is dense with primary school options, and the proximity to Methodist Girls’ and other historically sought-after institutions makes this address significant for families navigating the P1 registration system. Several well-regarded international schools — including Swiss School Singapore and Hollandse Club — are accessible in the broader Buona Vista and Clementi direction.

Bukit Timah Nature Reserve Access
Few residential addresses in Singapore put residents within walking distance of primary rainforest. Hindhede Walk is effectively a gateway street for the Bukit Timah Nature Reserve trail network and the southern reach of the Central Catchment Nature Area. Morning trailheads are a 10–15 minute walk from Southaven II, and the Rail Corridor immediately adjacent to Hindhede provides a flat, paved cycling and walking route connecting Hillview to Beauty World and beyond to Buona Vista. For nature-oriented residents, this is an environmental premium that cannot be purchased at any PSF in a newer development.

Day-to-day amenities are concentrated at Beauty World, a 5-10 minute commute away. Beauty World Centre, Beauty World Plaza, and Bukit Timah Shopping Centre together form a longstanding cluster of wet markets, kopitiam dining, medical clinics, retail, and neighbourhood services. The Bukit Timah Food Centre offers hawker fare in a covered market setting that has served the area for decades. For larger-format retail, Bukit Panjang Plaza and Hillion Mall are accessible via the DTL; Cold Storage and FairPrice supermarkets are available at both centres. Rail Mall on Upper Bukit Timah Road, approximately 1.6 km from the estate, offers a boutique strip of cafes, restaurants, and specialty retail in a heritage shophouse-style setting.


Schools & Education

Nearby Schools
SchoolTypeDistance
Anglo-Chinese Junior Collegejc~1.3 km
Ngee Ann Polytechnictertiary~1.6 km
Bukit View Primary Schoolprimary~1.9 km
Henry Park Primary Schoolprimary~1.9 km

Facilities

For a 497-unit development completed in 1999, Southaven II provides a well-rounded facilities package that reflects both the generosity of the late-1990s planning era and the economies of scale that come with a larger estate. Core amenities include swimming pools, a gymnasium, tennis courts, BBQ pits, a clubhouse, children’s playground, sauna, and 24-hour security with covered car parking. Across five residential blocks on a generous land area, the facilities are spaced so that they do not feel congested even at the estate’s larger unit count.

The swimming pool is the development’s strongest asset. Late-1990s condominiums typically allocated more generous pool dimensions than contemporary high-density developments, and Southaven II’s pool area benefits from a well-landscaped setting with mature trees providing natural shade — a characteristic that takes decades to develop and cannot be manufactured in a new launch. The gym facilities reflect the era: adequate for general fitness maintenance but not equipped for serious athletes. For residents with advanced fitness requirements, Anytime Fitness and Pure Fitness branches in the Beauty World and Clementi areas are within practical reach.

“Good location. Walking distance to restaurants and hawkers nearby. MRT station is only 1 bus stop away. Estate is well maintained and has a very good team of staff.”

— Resident review via PropertyGuru

The development is now approaching 27 years of age, and prospective buyers should calibrate expectations accordingly. Facilities are functional and maintained, but the gym equipment, court surfaces, and common area finishings reflect their vintage. The management corporation at Southaven II has a reputation — consistent across review sources — for responsiveness and professionalism. Residents note that the estate is “well maintained” and that management is attentive, which for a 497-unit development nearing its third decade is the right benchmark. No material structural or safety concerns recur in available resident feedback.

Mature Landscaping as a Premium
One underappreciated advantage of Southaven II’s 1999 vintage is the quality of its mature greenery. Decades of growth have produced a landscaped estate with genuine canopy, shaded walkways, and an established garden character that simply cannot be replicated in a new development. Combined with the natural surroundings of Hindhede Walk itself, this gives the estate a genuine green premium — visible in the quality of the outdoor environment — that contributes meaningfully to resident liveability and property aesthetics.

Unit Sizes & Layout

Southaven II’s unit mix reflects the spatial standards of late-1990s Singapore condominium development, when developers built to larger floor plates than the efficiency-optimised units that have become the norm in 2020s launches. Transacted data indicates an average unit size of approximately 1,631 sqft across the recorded resale pool, with the development offering a range spanning from two-bedroom apartments through generous three-bedroom and four-bedroom configurations, including several large-format units in the 2,200–5,000+ sqft range. At 1999 pricing conventions, Ho Bee Land built Southaven II with separate living and dining zones, enclosed kitchens with utility areas, and master bedrooms with en-suite bathrooms and walk-in dressing areas on the larger configurations — a spatial standard that is simply unavailable in equivalent-priced units at contemporary launches.

The typical mid-tier unit at Southaven II (two to three bedrooms) offers rectangular, functional layouts with clear room separation and practical storage. Ceiling heights are standard at approximately 2.7 metres, and most units have direct ventilation from at least two facades. The enclosed kitchen layout — sometimes cited as dated in contemporary listings — is in fact well suited to Singapore’s cooking habits and easier to maintain than the open-plan configurations that newer launches favour for their visual spaciousness at the cost of practical use.

Renovation Budget for a 27-Year-Old Development
Units in original or early-renovation condition will require a meaningful upgrade to meet 2026 standards. Budget guidance:
  • Light refresh (flooring, paint, fixtures): $30,000–$50,000
  • Mid-range renovation (kitchen, bathrooms, flooring): $70,000–$100,000
  • Full renovation including built-ins and electrical: $100,000–$150,000+
Ho Bee Land’s construction quality from this era is generally regarded as solid, so renovation costs typically cover cosmetic modernisation rather than structural remediation. Buyers should always request a pre-purchase inspection and enquire about previous renovation history.

The rental market data provides a useful calibration of unit sizes and demand. Average rents since 2023 show 1BR units achieving $3,382/month, 2BR at $3,787/month, 3BR at $4,856/month, and 4BR at $7,400/month. These are strong absolute figures that reflect the estate’s appeal to both expatriate and local families seeking larger units within the Bukit Timah school catchment — a tenant pool that is relatively insensitive to minor price movements and tends toward longer tenancy periods. For investors, the rent-to-PSF ratio at current pricing implies a gross yield of approximately 3.5% on a 3BR unit — above average for a D21 freehold-equivalent, driven by the large unit sizes relative to acquisition cost.

Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
2 BR1$1,253$1,025,000
3 BR13$1,534$1,806,219
4 BR17$1,554$2,418,588
5 BR4$1,085$3,687,500

Pricing & Market Position

Based on 35 recorded transactions, sale prices range from $1,025,000 to $5,380,000, averaging $2,296,339 (~$1,550 psf).

Rents range from $1,600 to $10,000 per month across 256 rental transactions. Current rental yield sits at approximately 2.1%.


Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 32.7% (from $1,263 to $1,675 psf).

2024
+0.4%
$1,546 psf
2025
+0.1%
$1,547 psf
2026
+8.3%
$1,675 psf

Neighbourhood Comparison

The most instructive comparison within D21 is against the newer launches that have reset the district’s price expectations. The Reserve Residences ($2,400+ PSF, 99-year leasehold from 2023, 732 units) at Beauty World MRT represents the new benchmark for the area — a transit-integrated development with full-scale contemporary facilities, direct underground connectivity to Beauty World MRT, and integrated retail. Compared to Southaven II, it offers newness, F&B integration, and zero walking distance to MRT, but at roughly 60% higher PSF on a leasehold title that starts decaying immediately. For a buyer willing to renovate and accept a 15-minute door-to-MRT travel time, Southaven II offers unit sizes that The Reserve Residences’ efficiency-oriented floor plates cannot match, plus the permanent tenure differential.

Forett at Bukit Timah ($1,800+ PSF, freehold, 633 units, 2023) is the more direct comparator on tenure — it is freehold rather than 999-year, but the practical effect is identical. Forett sits approximately 1 km to the west along Upper Bukit Timah Road and launched at prices that are approximately 20% above current Southaven II resale levels. Both are nature-adjacent, both are in the Upper Bukit Timah belt, and both offer permanent tenure. Southaven II’s advantage is the lower acquisition cost and larger unit sizes; Forett’s advantage is newer finishings and contemporary facilities design.

The Blossomvale and Gardenvista are the closest vintage peers within the immediate Hindhede-Clementi Park cluster. Both are 99-year leasehold developments from a similar era, transacting in the $1,200–$1,400 PSF range. Against either, Southaven II commands a modest PSF premium that is entirely justified by its 999-year versus 99-year tenure — a gap that will widen materially as the 99-year estates age further into their lease. The Blossomvale in particular (TOP 2007, 99-year) will begin to face financing headwinds within 10–15 years; Southaven II will not face these constraints in any foreseeable planning horizon.

For buyers comparing Southaven II to its own sister project, Southaven I (157 units, 1998) trades at similar PSF and offers the same 999-year tenure on an adjacent plot. The principal difference is scale: Southaven I’s smaller community provides a more intimate estate experience, while Southaven II’s 497 units delivers a broader facilities package and more diverse community. Both share the same road address, developer pedigree, and D21 location attributes. The choice between phases ultimately comes down to unit availability and personal preference for community scale.

District 21 Comparables
DevelopmentTenureTOPUnits~Avg PSF
SOUTHAVEN II999 yrs lease commencing from 18771999497$1,550
THE RESERVE RESIDENCES99 yrs lease commencing from 20212023892$2,494
NAVA GROVE99 yrs lease commencing from 20242024552$2,489
PINETREE HILL99 yrs lease commencing from 20222023520$2,486
KI RESIDENCES AT BROOKVALE999 yrs lease commencing from 18852021660$1,955
FORETT@BUKIT TIMAHFreehold2021633$2,130

Lease Decay Analysis

The 99-year lease runs from 1999, meaning approximately 27 years have already been consumed. Roughly 72 years remain — still comfortably within the range where most banks will offer full financing without restrictions.

Lease Milestones
YearLease remainingImplication
2026 (now)~72 yearsFull bank financing available
2029~69 yearsCPF usage still unrestricted for most buyers
2038~59 yearsApproaching 60-year threshold — CPF limits begin for some
2058~39 yearsSignificant financing restrictions for next buyer
2098ExpiryLease 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 ~62 years remaining, which is still very bankable. The risk profile changes for longer holds.


ShiokNest Scores

Our proprietary scoring system evaluates SOUTHAVEN II across multiple dimensions.

Walkability
37/100
MRT: 15/25, School: 12/20, Hawker: 0/15, Mall: 0/15, Park: 10/10, Supermarket: 0/10, Clinic: 0/5
Investment
50/100
+1.6% YoY ·2.4% yield ·13 txns/yr ·Unknown tenure ·0.78 km to MRT ·-7.7% district YoY ·En-bloc 33/100
Profitability
68/100
Win rate: 100 — 7 transaction pairs, 100% profitable, avg +$262,553
En-Bloc Potential
33/100
Verdict: Low
Overall ShiokNest Score
40/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“Good location. Walking distance to restaurants and hawkers nearby. MRT station is only 1 bus stop away. Estate is well maintained and has a very good team of staff.”

— Owner review via PropertyGuru

“Quiet and green neighbourhood. Very close to the nature reserve and Hindhede Quarry. Great for families who enjoy outdoor activities. Management is responsive and the common areas are tidy.”

— Resident review via 99.co

“Been here over 10 years. The 999-year tenure was a big draw for us — we did not want the lease-decay stress of a 99-year property. The units are spacious compared to anything new you can buy in D21 today.”

— Long-term owner via EdgeProp

“The humidity can be an issue if the unit is not well ventilated — worth noting for older units. Otherwise a well-run estate with a nice community feel. Kids love the pool area.”

— Tenant review via PropertyGuru

“Very peaceful area. The surrounding greenery and proximity to the Bukit Timah hill make it special. Beauty World food options are good — plenty of affordable hawker and coffee shop choices nearby.”

— Resident via SRX

The picture across review sources is consistent and positive in tone. Residents most frequently cite the green surroundings, the management quality, the proximity to nature, and the spaciousness of the units as primary advantages. Transportation is the most common practical concern — the bus hop required to reach Beauty World MRT is a minor friction that registers for car-lite residents. Humidity and ventilation in certain units is a recurring note; buyers should prioritise cross-ventilated units and budget for good dehumidification and ventilation solutions, which is standard practice for any well-maintained Singapore condo built before 2005.


Strengths & Weaknesses

Strengths
  • 999-year lease from 1877 — effectively freehold, no lease-decay risk in any realistic holding horizon
  • Significantly undervalued vs D21 peers — at $1,547 PSF vs $2,400+ for new launches despite permanent tenure
  • Generous unit sizes (~1,631 sqft average) — spaciousness unavailable at equivalent price in any new D21 launch
  • Adjacent to Bukit Timah Nature Reserve — walking access to primary rainforest and Rail Corridor
  • Strong rental demand: 3BR averaging $4,856/month, driven by Bukit Timah school-catchment tenant pool
  • Ho Bee Land developer — reputable listed developer with professional estate management track record
  • Established community of 497 units — full facilities package with mature, well-maintained landscaping
  • Pei Hwa Presbyterian Primary School 0.97km — within 1km priority enrolment radius for P1 registration
  • Methodist Girls' School (Primary) 1.88km — access to one of Singapore's most established girls' schools
  • PSF appreciation of 22% over four years ($1,263 in 2021 to $1,547 in 2025) — steady capital growth
  • Beauty World amenity cluster within 1 bus stop — hawker food, supermarket, medical, Beauty World MRT
Weaknesses
  • Walkability score 37/100 — car or bus needed for most errands; MRT requires a bus hop or 15+ min walk
  • Development is 27 years old — kitchens, bathrooms, and gym equipment require renovation investment
  • Low transaction volume (34 resales recorded) — thin secondary market limits exit flexibility in soft conditions
  • Investment score 50/100 and enbloc score 33/100 — 999-yr tenure reduces collective sale incentive
  • Shioknest score 40/100 — reflects lower walkability and older development vintage vs district peers
  • Humidity concerns in older units — ventilation must be managed actively; noted in multiple resident reviews
  • Gym and common area finishings dated by 2026 standards — adequate but not premium-grade
  • No direct MRT connectivity — Beauty World DTL requires bus or 15-minute walk from the estate
  • Limited transaction data (34 records) — PSF benchmarks less statistically robust than higher-volume estates
Best for — Families targeting Pei Hwa Presbyterian or Methodist Girls' catchment Freehold-equivalent buyers seeking D21 at sub-$1,600 PSF Nature lovers — Bukit Timah Reserve and Rail Corridor access Long-hold investors unconcerned by leasehold risk Expatriate families in Bukit Timah school belt Upgraders from HDB seeking spacious units without new-launch pricing Mid-term investors (5–10yr horizon) Car-lite commuters to CBD or Changi via DTL En-bloc speculators Yield-maximising landlords expecting >4% gross yield

Verdict

Southaven II’s investment case rests on three compounding advantages: 999-year tenure treated as freehold, a genuinely undervalued position in the D21 PSF hierarchy, and an established address within the Bukit Timah education and nature corridor that new launches cannot replicate at this price point. At $1,479–$1,547 PSF, it trades at roughly half the PSF of The Reserve Residences and substantially below Forett at Bukit Timah, despite offering permanent tenure and larger unit sizes.

The 999-year lease is the defining structural differentiator. With approximately 851 years remaining on a grant dated 1877, Southaven II carries no financing restriction risk, no CPF usage limitations, and no lease-decay narrative in any practical investment horizon. This effectively prices it in the same category as freehold developments for all holding periods a buyer might realistically plan — 5, 10, 20, or even 30+ years. For a buyer choosing between Southaven II at $1,547 PSF and a 99-year leasehold equivalent at a similar or higher price, the tenure differential alone justifies a meaningful premium for Southaven II.

Capital appreciation has been steady and disciplined. PSF has risen from approximately $1,263 in 2021 to $1,547 in 2025 — a 22% increase over four years. Transaction volume is modest at 34 recorded resales, which reflects both the small total pool of resale-eligible units at any given time and the tendency of long-tenure holders to hold rather than sell when the tenure is effectively permanent. This low-liquidity characteristic is a double-edged sword: it limits exit flexibility in a soft market, but it also means the pricing is driven by genuine buyers with long-term conviction rather than speculative short-cycle trading.

Southaven II is best understood as a permanent-tenure Bukit Timah estate at a price point that the market has not yet fully rerated. For buyers who want genuine D21 quality — school catchment, nature access, established community — with a tenure that removes the lease-decay anxiety entirely, it is a strong candidate at the current PSF.

The risks are bounded. The walkability score of 37/100 reflects an honest assessment that this is a car-and-bus neighbourhood — MRT requires a bus hop or a brisk 15-minute walk, and most errands are not foot-accessible. The enbloc score of 33/100 is low, reflecting that 999-year tenure estates rarely attract the collective sale momentum that drives short-lease developments, and 497 units requires substantial collective agreement. Investors should not plan around en-bloc as a realistic exit. The development is also 27 years old; buyers must factor in renovation costs and the ongoing maintenance of a mature estate.

On balance, Southaven II suits buyers with at least a medium-term horizon who value tenure security, space, and established neighbourhood character over newness and amenity density. It is particularly well-positioned for families entering the Bukit Timah school catchment at a lower acquisition quantum than new launches permit, and for investors seeking a freehold-equivalent with rental appeal to the school-district expatriate tenant pool.

Frequently Asked Questions

Is Southaven II's 999-year lease treated the same as freehold?
For all practical purposes, yes. With approximately 851 years remaining on a lease that commenced in 1877, Southaven II faces none of the financing restrictions, CPF usage limitations, or lease-decay valuation discounts that affect 99-year leasehold developments. Banks will finance up to the standard 75% LTV, CPF can be used without restriction, and there is no meaningful lease depreciation within any realistic holding horizon. The Singapore property market consistently prices 999-year leasehold and freehold developments within a narrow band of each other, and buyers should treat Southaven II's tenure as functionally equivalent to freehold.
What is the relationship between Southaven I and Southaven II?
Both Southaven I and Southaven II were developed by Ho Bee Land and are located on Hindhede Walk in District 21. Southaven I (157 units) was completed in 1998 and Southaven II (497 units) in 1999, making them sequential phases of a two-phase development on adjacent plots. Both carry 999-year leasehold tenure from the same 1877 land grant. While they are legally distinct strata developments with separate MCSTs, they share the same road address, developer pedigree, and neighbourhood attributes. Southaven II is the larger phase with a fuller facilities package; Southaven I offers a more intimate community scale.
How far is Southaven II from the nearest MRT station?
The nearest MRT station is Beauty World (DT5 on the Downtown Line), approximately 1.2–1.5 km from the estate. This is a comfortable bus ride of one stop, or a brisk 15–18 minute walk. King Albert Park MRT (DT6) is at similar distance in the other direction. The Downtown Line provides direct access to the CBD corridor (Bugis, Promenade, Marina Bay) and to Expo/Changi at the eastern end. Residents typically describe the MRT as “1 bus stop away” and note this as a practical rather than a convenient walkable access point.
Which schools fall within the 1 km priority radius for P1 registration?
Pei Hwa Presbyterian Primary School is approximately 0.97 km from Southaven II, placing most units within or near the 1 km Phase 2B/2C priority radius. Bukit Timah Primary School is also within the broader 1.5 km catchment. Methodist Girls' School (Primary) is 1.88 km, which may place some units within the 2 km Phase 2C radius depending on the specific unit address used for measurement. Families should verify exact distances using MOE's official P1 registration distance tool and the specific unit address when planning around school enrolment.
What is the estimated gross rental yield for Southaven II?
Based on 2023–2025 rental data, average rents run approximately $3,382/month for 1BR, $3,787/month for 2BR, $4,856/month for 3BR, and $7,400/month for 4BR units. At average transacted PSF of $1,547 and typical 3BR unit sizes of approximately 1,500–1,800 sqft, gross yield on a 3BR purchase works out to approximately 3.3–3.8%. This is slightly below the D21 median but above what is typically achievable from newer launches in the same district, reflecting the larger unit sizes that deliver higher absolute rents relative to acquisition cost.
Is Southaven II an en-bloc candidate?
Southaven II holds an en-bloc score of 33/100, which is low. The 999-year tenure is the primary reason: owners with permanent land rights have far less financial incentive to pursue collective sale than owners of aging 99-year leasehold properties seeking to monetise before lease decay accelerates. With 497 units requiring 80% majority consent for a collective sale application, the organisational hurdle is also substantial. En-bloc should not be factored into any investment thesis for Southaven II. The development's long-term value rests on its fundamentals — tenure, location, school catchment, and space — not on collective sale optionality.