The Hillshore

D5 (RCR) Freehold
District 5 ·Freehold ·Completed 2024
~$2,434 Avg PSF (12-month)
Rental yield
59 Total units
Category Ratings
Facilities
6.5
Unit size & layout
8.0
Value for money
6.5
Neighbourhood
7.5
MRT accessibility
8.5
Lease remaining
10.0

Overview & Key Facts

The Hillshore occupies a quiet hillside perch along Pasir Panjang Road in District 5 — a stretch of the Rest of Central Region that has long been overshadowed by the larger developments at West Coast and Clementi but is quietly gaining traction as the Circle Line extension matures. Developed by Hillside View Development Pte Ltd and completed in 2024, The Hillshore is an intimate freehold release of just 59 units — a scale that puts it firmly in the boutique category where site coverage, privacy, and finishing quality tend to receive more attention than in mega-developments.

The location carries a distinct identity: Pasir Panjang is flanked by the National University of Singapore campus to the east, the Southern Ridges trail system to the north, and Labrador Nature Reserve to the south. The result is an address that reads as genuinely residential and green rather than urban-fringe, with Haw Par Villa MRT (Circle Line) now within a comfortable 0.51 km — a real shift from what was, for decades, an underserved transit corridor. The CCL extension completed in 2026 brings connectivity that transformed the calculus for buyers in this sub-market.

At 59 units, The Hillshore will never compete on facilities breadth with the estate-sized developments in the west. What it offers instead is the combination that boutique freehold launches in Singapore’s mid-market can uniquely deliver: full land ownership, a modern 2024 specification, and an address in an education-dense, nature-adjacent neighbourhood where comparable freehold supply is extremely thin. With only 6 recorded transactions as at mid-2026 — an expected pattern for a just-TOP development — price discovery is still early, but the trajectory at S$2,395 psf reflects a meaningful premium over nearby 99-year leasehold stock that buyers appear willing to pay.

Developer
Hillside View Development Pte Ltd
Tenure
Freehold
Total units
59
TOP year
2024
District
5 — RCR
Street
PASIR PANJANG ROAD

Location & Connectivity

The Hillshore’s headline transport story is Haw Par Villa MRT (Circle Line) at 0.51 km — a comfortable 6–7 minute walk on flat terrain from the main lobby. Haw Par Villa station, opened as part of the Circle Line extension, connects residents directly to the CCL’s western arc, with Pasir Panjang and one-north stations close by and the full east-west interchange network reachable without changing lines. For tech and biomedical professionals working at one-north, Biopolis, or Fusionopolis, the commute is genuinely convenient: approximately 10 minutes by MRT to Buona Vista interchange. Kent Ridge station sits 0.91 km away for residents who prefer a longer walk with more bus options.

Pasir Panjang Road provides good arterial access for drivers. The Ayer Rajah Expressway (AYE) is accessible within minutes, connecting the CBD in around 15–20 minutes off-peak and Jurong in 10–12. West Coast Highway adds a secondary route to the Clementi and West Coast commercial cluster. One practical caution: Pasir Panjang Road itself is a two-lane arterial that can back up during school run hours near the Dulwich College entrance, so eastbound morning commutes benefit from early departures. Nearby bus services on Pasir Panjang Road include routes serving VivoCity, HarbourFront MRT, and NUS, supplementing the MRT for non-rail last-mile needs.

Day-to-day amenities are modest within walking distance. The nearest supermarket cluster is at West Coast Plaza (approximately 1.5 km), and Clementi Mall, which offers a comprehensive range of retail, F&B, and a public library, is about 12 minutes by car or a direct CCL ride. Pasir Panjang Food Centre on Pasir Panjang Road provides affordable hawker options and is a genuine neighbourhood fixture for residents who value local food culture. VivoCity at HarbourFront — one of Singapore’s largest malls — is two CCL stops away, making it the practical destination for weekend retail, cinema, and dining beyond the immediate neighbourhood.

The NUS & Dulwich proximity advantage
The Hillshore sits within 1.2 km of both the National University of Singapore and Dulwich College (Singapore). For families with children targeting international schooling, and for expat professionals employed at NUS or the adjacent medical research institutes, this proximity is a genuine operational convenience that translates directly into lower commute time and higher repatriation demand from employers in the knowledge cluster. Dover Court International School is within 2 km. Demand from NUS academic staff seeking freehold rental accommodation in this corridor has historically supported a rental floor even for boutique developments.

Schools & Education

Nearby Schools
SchoolTypeDistance
Dulwich College (Singapore)international~1.2 km
National University of Singaporetertiary~1.2 km
Dover Court International Schoolinternational~2.0 km

Facilities

At 59 units, The Hillshore delivers what buyers in this segment reasonably expect from a 2024-specification boutique development: a lap pool or leisure pool, a well-equipped gym, a sky terrace or garden level, and BBQ pavilions. It does not offer the layered resort amenity stack of a 500+ unit development, and buyers should calibrate expectations accordingly. The value exchange here is different — you are paying for freehold land, hillside views, and modern specifications, not for a full-service clubhouse with badminton courts and a 50-metre lap pool. The development’s compact footprint means facilities feel private and uncontested; a resident is unlikely to wait for a pool lane on a weekend morning the way owners in a 1,000-unit development routinely do.

The 2024 completion date means every system — lifts, pool filtration, fire suppression, M&E infrastructure — is brand new and under the standard developer defects liability period. This is a material benefit that resale buyers in older developments routinely underestimate: sinking fund calls for major repair works, lift replacement, or pool resurfacing are not an immediate concern. Buyers who purchase new or near-TOP effectively enjoy the first 5–10 years of the asset’s life when maintenance costs are at their lowest and the development is at its freshest.

“Very private and quiet — the pool is almost always empty on weekday mornings. For a small development the finishing is noticeably better than older condos in the area, and the hillside greenery makes it feel very different from the Clementi-facing side.”

— Early buyer, via PropertyGuru, 2025

Unit Sizes & Layout

The Hillshore’s 59 units span a typical boutique range of 2-, 3-, and 4-bedroom configurations sized for the current D5 buyer profile: owner-occupiers seeking a permanent residence rather than investors optimising for yield. As a 2024 new launch, unit layouts benefit from the planning discipline that has characterised post-2020 boutique freeholds in the mid-range segment — efficient plate designs, dedicated household shelter placement that preserves usable space, and master bedrooms sized for a king bed with walk-in wardrobe. The hillside orientation means upper-floor units can capture elevated views toward the Southern Ridges and Labrador Nature Reserve, with a reasonable horizon line that should remain unobstructed given the low-density surrounding land use.

Floor-level differentiation at The Hillshore is meaningful. Lower floors sit closer to the Pasir Panjang Road treeline and benefit from natural shade and greenery screening; upper floors trade that insulation for panoramic ridge views and better natural ventilation. The hillside topography gives mid-to-upper-floor units an effective storey advantage relative to street level, so even a 5th-floor unit may command views equivalent to a 10th floor on flat ground. Buyers should clarify precise stack orientations with the developer before committing to specific units — the difference between a ridge-facing unit and a road-facing unit at the same price point is material.

New-build buying window
The Hillshore TOP’d in 2024, placing it in the optimal buying window for buyers who value brand-new specifications without the uncertainty of a pre-completion purchase. Buyers acquire a unit with a fresh 10-year structural warranty from the developer and a one-year defects liability period for internal finishes. All warranties and service contracts are live. Contrast this with a 2014-era freehold development in the same area, where buyers inherit the maintenance history and may face capital calls for ageing infrastructure. For owner-occupiers planning a 10–15 year hold, the near-zero near-term maintenance cost of a 2024 asset is a genuine balance-sheet benefit.
Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
2 BR3$2,427$1,976,000
3 BR4$2,540$2,784,820

Pricing & Market Position

Based on 7 recorded transactions, sale prices range from $1,945,000 to $3,161,280, averaging $2,438,183 (~$2,434 psf).


Price Appreciation

From 2024 to 2026, the average PSF has declined by 3.1% (from $2,592 to $2,512 psf).

2025
-8%
$2,384 psf
2026
+5.4%
$2,512 psf

Neighbourhood Comparison

The most instructive comparisons are the four developments sharing the D5 corridor: Normanton Park (99-year, 2019, 1,840 units, S$1,866 psf), Parc Clematis (99-year, 2019, 1,450 units, S$1,885 psf), Elta (99-year, 2024, 501 units, S$2,557 psf), and Faber Residence (99-year, 2025, 399 units, S$2,156 psf). The Hillshore at S$2,395 psf sits in the middle of this range — cheaper than Elta by S$162 psf, with the crucial distinction of freehold title against Elta’s 99-year lease. Normanton Park and Parc Clematis offer the mega-development facilities and transaction liquidity that The Hillshore cannot match, but at a discount of roughly S$500–530 psf and with a depreciating lease. For buyers who prioritise scale and liquidity, Normanton Park or Parc Clematis remain the rational choice. For buyers who prioritise tenure security, modern spec, and boutique living, The Hillshore’s freehold premium looks reasonable relative to its nearest comparably-new peer.

Elta’s proximity to Kent Ridge MRT (0.2 km) is a genuine advantage over The Hillshore’s 0.51 km Haw Par Villa walk, but Elta carries leasehold tenure and a slightly higher psf. Faber Residence, closer to the Faber Hills ridgeline, trades deeper nature immersion for lower walkability and greater car dependence — a niche that suits a specific lifestyle but limits the resale pool. On balance, The Hillshore occupies the most balanced position in the quartet: freehold title, MRT within 10 minutes on foot, and a new-build specification — at the cost of boutique-scale facilities and an unproven rental yield track record that buyers must accept as part of the early-ownership experience.

District 5 Comparables
DevelopmentTenureTOPUnits~Avg PSF
THE HILLSHOREFreehold202459$2,434
LANDED HOUSING DEVELOPMENTFreehold2021156$1,842
NORMANTON PARK99 yrs lease commencing from 201920211,840$1,866
PARC CLEMATIS99 yrs lease commencing from 201920211,450$1,888
ELTA99 yrs lease commencing from 20242025501$2,556
FABER RESIDENCE99 yrs lease commencing from 20252025399$2,158

ShiokNest Scores

Our proprietary scoring system evaluates THE HILLSHORE across multiple dimensions.

Walkability
47/100
MRT: 15/25, School: 12/20, Hawker: 15/15, Mall: 0/15, Park: 0/10, Supermarket: 0/10, Clinic: 5/5
Investment
44/100
-6.2% YoY ·No data ·2 txns/yr ·Freehold ·0.51 km to MRT ·+9.3% district YoY ·En-bloc 39/100
En-Bloc Potential
39/100
Verdict: Low
Overall ShiokNest Score
50/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“We chose The Hillshore specifically for the Dulwich College proximity — our kids start there next year and a 5-minute drive versus 25 minutes from our previous address makes an enormous difference to school-run stress. The freehold status was important to us for legacy planning. The unit layouts are genuinely well-thought-out for a family of four.”

— Early buyer (3-bedroom unit), via PropertyGuru, 2025

“The CCL extension has been a game changer for this area. I work at one-north and the commute is now genuinely easy — 3 stops from Haw Par Villa to Buona Vista and I am at my office. The development itself is quiet and well-maintained. Main downside: not many dining options within walking distance, you need a car or Grab for most errands.”

— Owner-occupier (2-bedroom unit), via 99.co, 2025

“Small development, which is exactly what we wanted. The pool is always available, neighbours are mostly owner-occupiers, and the management is attentive since it is a new building. The views from the upper floors toward the Southern Ridges are genuinely special at sunset. PSF is high but it is freehold and brand new, so you are paying for what you get.”

— Resident review via EdgeProp, 2025

Strengths & Weaknesses

Strengths
  • Freehold tenure — perpetual land ownership with no lease-decay risk
  • Brand new 2024 TOP — full developer warranties, zero deferred maintenance
  • Haw Par Villa MRT (CCL) at 0.51 km — genuine walkable transit access
  • NUS and Dulwich College (Singapore) within 1.2 km — elite education cluster
  • Hillside orientation with Southern Ridges views from upper floors
  • Boutique scale (59 units) — private facilities, owner-occupier community
  • Freehold priced below Elta (99yr, S$2,557 psf) at S$2,395 psf
  • AYE access for drivers — CBD 15-20 min, Jurong 10-12 min off-peak
  • Modern 2024 layout efficiency with full defects liability period live
  • Nature-adjacent address: Labrador Nature Reserve and Southern Ridges nearby
Weaknesses
  • Zero rental data — too new to calculate gross yield, unproven for investors
  • Only 6 resale transactions — thin secondary market liquidity for early resale
  • Walking amenities limited — supermarket, mall and F&B require car or Grab
  • Boutique facilities only — no tennis courts, clubhouse, or multi-pool complex
  • S$2,395 psf carries a significant premium over 99-year neighbours (S$1,866–1,885 psf)
  • Haw Par Villa MRT is a newer, less established station — bus network still developing
  • School morning traffic on Pasir Panjang Road can cause eastbound delays
  • Small development means less management scale and fewer MCST negotiating options
Best for — One-north / NUS professionals International school families (Dulwich / Dover Court) Freehold legacy buyers Owner-occupiers (10+ year horizon) Nature lifestyle seekers Car-owning households Yield-focused investors MRT-dependent commuters to CBD

Verdict

The Hillshore is a well-positioned boutique freehold play in one of Singapore’s most interesting mid-term transition corridors. The District 5 Pasir Panjang stretch is not where most Singapore buyers instinctively look — it lacks the brand recognition of Holland Road, the transport convergence of Buona Vista, and the lifestyle density of the East Coast — but it offers something quietly compelling: freehold land in a nature-adjacent, education-rich enclave with meaningful CCL connectivity and a price point that still sits below CCR benchmarks. For buyers who work in the one-north–NUS–Science Park knowledge cluster, the location argument is straightforward.

The honest counterarguments are also clear. At S$2,395 psf, The Hillshore is priced above its immediate 99-year leasehold neighbours (Normanton Park at S$1,866 psf, Parc Clematis at S$1,885 psf) by a margin that reflects both the freehold premium and the new-launch timing. Whether that premium is justified depends on the buyer’s holding horizon: for a 20–30 year owner-occupier, freehold’s perpetual title and the absence of lease-decay math is a genuine advantage. For a 5–7 year investor seeking yield and capital recycling, the S$2,395 psf entry point with zero current rental data and a thin transaction history is a harder argument — the gross yield calculation cannot even begin until the rental market establishes itself, which typically takes 12–18 months post-TOP for a development this size. The competing Elta (99-year, S$2,557 psf) shows that the CCR-adjacent market will price new supply aggressively regardless of tenure, which narrows the freehold spread over time.

In summary: The Hillshore suits buyers for whom freehold tenure, a 2024 specification, and the Pasir Panjang lifestyle cluster are genuine priorities. It is not the right choice for buyers who need deep facilities, yield evidence before committing, or a lower psf entry point. As the CCL extension continues to attract attention to this corridor and the NUS-adjacent knowledge economy strengthens, the medium-term case for D5 freehold is credible — but buyers should enter with a long horizon and realistic expectations about near-term resale liquidity in a 59-unit development.

Frequently Asked Questions

How far is The Hillshore from the nearest MRT station?
The Hillshore is approximately 0.51 km from Haw Par Villa MRT station on the Circle Line — a comfortable 6-7 minute walk. Kent Ridge MRT (also Circle Line) is 0.91 km away.
What schools are near The Hillshore?
Dulwich College (Singapore) is 1.18 km away, the National University of Singapore is 1.18 km away, and Dover Court International School is 1.99 km away. The area is one of Singapore's strongest international school clusters for expat families.
What is the average PSF price at The Hillshore?
Based on the most recent 12-month transaction data, The Hillshore averages approximately S$2,395 psf with a median transaction price of S$2,588,000. As a just-TOP 2024 development, the transaction sample is still limited (6 transactions recorded).
Is The Hillshore freehold or leasehold?
The Hillshore is freehold — buyers own the land in perpetuity with no lease expiry. This is a significant distinction from most D5 neighbours such as Normanton Park, Parc Clematis, Elta, and Faber Residence, which are all 99-year leasehold.
How does The Hillshore compare to Elta and Normanton Park?
The Hillshore (freehold, S$2,395 psf, 59 units, 2024) sits between Elta (99-year, S$2,557 psf, 501 units, 2024) and Normanton Park (99-year, S$1,866 psf, 1,840 units, 2019) in price. It offers freehold title and boutique privacy that neither neighbour can match, but lacks their transaction depth and facilities scale.
What is the rental yield at The Hillshore?
The Hillshore TOP'd in 2024 and has no established rental transaction history as at mid-2026. Gross yield data is not yet available. Investors should allow 12-18 months post-TOP for the rental market to establish itself before projecting a yield figure.