The Landmark
The Landmark is a 396-unit Rest of Central Region (RCR) development on Chin Swee Road in District 3 (Pearl's Hill / Outram / Chinatown), launched on a fresh 99-year leasehold tenure from 2020 and obtained Temporary Occupation Permit in 2021. The project was delivered by a joint venture between ZACD Group, MCC Land and SSLE Development — the so-called Landmark JV. As of 2026 the lease has roughly 94 years remaining, placing the asset firmly at the premium end of the leasehold curve and comfortably above the CPF 60-year remaining-lease threshold by several decades.
The bullish thesis rests on three pillars: a triple-line interchange at Outram Park MRT (North East, East West and Thomson East Coast Lines), the long-dated Greater Southern Waterfront (GSW) redevelopment upside, and an unusually generous park frontage along the Pearl's Hill City Park slope. The bearish counterweights are 396-unit facility-load dynamics, RCR pricing that compresses headline yields, and the standard ABSD drag on multi-property buyers. Pressure-test entry economics against the MAS TDSR framework using our affordability calculator before committing.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
The Landmark sits on the southern slope of Pearl's Hill, wedged between the conservation shophouses of Chinatown, the medical cluster around Singapore General Hospital and Outram Community Hospital, and the CBD fringe spilling south from Tanjong Pagar. The defining piece of infrastructure on the doorstep is Outram Park MRT — the only triple-line interchange in the south-west sector of the network. Residents reach Raffles Place in two stops on the East West Line, Dhoby Ghaut in three stops on the North East Line, and the future Thomson East Coast Line extension opens direct rail access to Marina Bay, Gardens by the Bay and the eastern coastal stretch without an interchange transfer.
Pearl's Hill City Park, one of Singapore's older nature reserves and a designated heritage greenspace under the URA Master Plan, fronts the site to the north — a structural amenity that cannot be replicated by any future GLS launch in the immediate vicinity. The Chinatown heritage belt sits 400m south, with the Maxwell, Chinatown Complex and Amoy Street hawker centres forming one of the densest F&B clusters in central Singapore. The Greater Southern Waterfront masterplan, which will progressively transform the Keppel/Pasir Panjang/Tanjong Pagar coastline as port operations relocate to Tuas through the 2030s, is the long-dated capital-appreciation thesis layered on top — The Landmark sits within walking reach of the GSW's northern edge. Use our price heatmap to benchmark District 3 PSF against the wider RCR distribution.
Overview & Key Facts
The Landmark is a 396-unit condominium at 173 Chin Swee Road in District 3, developed by Landmark JV Pte Ltd — a joint venture between ZACD Group, MCC Land, and SSLE Development. Completed in 2025, this 39-storey tower perches on the crest of Pearl’s Hill, commanding unobstructed 360-degree views that sweep from the Greater Southern Waterfront across the CBD skyline to Mount Faber. It is one of the tallest residential buildings in the Chinatown fringe, and the elevation advantage means even mid-floor units enjoy sightlines that most city condos reserve for penthouses.
At an average PSF of $2,381 and a trailing yield of 2.79%, The Landmark sits in the middle of the RCR city-fringe pack — more affordable than the newly launched Zyon Grand ($3,049 PSF) yet priced above the nearby Stirling Residences ($2,267). The 99-year lease commenced in 2020, leaving 93 years — a comfortable runway that keeps CPF and financing fully accessible. With Outram Park triple-interchange MRT just 660 metres away and Chinatown MRT at 590 metres, this is a development that bets heavily on connectivity and city-centre convenience.
There is, however, a neighbourhood reality that brochures tend to gloss over. Chin Swee Road sits directly adjacent to Jalan Kukoh, one of Singapore’s most socioeconomically challenged pockets — a cluster of HDB rental blocks that contrasts sharply with The Landmark’s gleaming facade. Prospective buyers should visit the ground-level surroundings before committing, though many residents view the area’s redevelopment potential as an eventual tailwind.
Location & Connectivity
The Landmark’s location is a study in contrasts. Upward, you gaze across one of Singapore’s most dramatic urban panoramas; at ground level, you walk through a neighbourhood that is modest and unpolished. The development sits at the junction of three vibrant districts — Chinatown’s heritage precinct to the east, Tiong Bahru’s cafe culture to the south, and Robertson Quay’s riverside nightlife to the northwest — each reachable in under 10 minutes on foot. For daily shopping, Chinatown Point (NTUC FairPrice, Daiso, Uniqlo) is a 7-minute walk, while People’s Park Complex offers affordable dining and grocery options even closer.
The MRT connectivity is genuinely excellent. Chinatown MRT (North-East and Downtown Lines) is 590 metres — roughly a 7-minute walk. Outram Park MRT is 660 metres and serves as one of Singapore’s rare triple-line interchanges, connecting the East-West, North-East, and Thomson-East Coast Lines. From Outram Park, residents can reach Raffles Place in two stops, Orchard in three, and Marina Bay in four. Three major expressways — CTE, AYE, and KPE — are accessible within a 5-minute drive.
The Landmark is built on the slope of Pearl’s Hill, and Pearl’s Hill City Park wraps around the development from east to south. This 9-hectare heritage park, one of Singapore’s oldest, features mature rain trees, walking trails, and a freshwater reservoir. The condo’s 50-metre infinity pool is positioned to swim alongside the canopy of century-old Tembusu trees — a sensory experience that few city condos can replicate. The park is uncrowded even on weekends, making it an excellent morning jog or evening stroll route for residents.
School proximity is reasonable but not elite. Outram Secondary School is 500 metres away, and Fairfield Methodist Primary sits at 810 metres. For top-tier primary placements, families would need to look further afield. The real educational draw is proximity to tertiary institutions: SMU is a short MRT hop away, and NUS is accessible via one AYE connection.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | secondary | Within 1 km |
| Fairfield Methodist School (Primary) | primary | Within 1 km |
| Cantonment Primary School | primary | ~1.1 km |
| Kheng Cheng School | primary | ~1.2 km |
| Gan Eng Seng School | secondary | ~1.5 km |
| Gan Eng Seng Primary School | primary | ~1.6 km |
| Singapore Management University | tertiary | ~1.6 km |
| School of the Arts | jc | ~1.9 km |
Facilities
The Landmark packs its amenities across five facility decks at staggered heights — levels 1–2, level 14, level 34, and the rooftop at level 39. The centrepiece is a 50-metre infinity pool at level 2 that threads alongside Pearl’s Hill’s mature Tembusu canopy, creating the illusion of swimming through a treetop forest. The sky gym at level 34 offers panoramic CBD views that rival those of commercial sky bars. BBQ pavilions, a jacuzzi aqua spa, children’s pool and playground, a sky terrace, and social lounges round out the offering. “The Peak” on level 39 serves as a rooftop entertainment deck with 360-degree views — a dramatic setting for evening gatherings that overlooks the city skyline on one side and the Straits of Singapore on the other.
“The level 34 sky gym is the real showpiece — you’re lifting weights with the CBD skyline spread out in front of you. It’s genuinely motivating. The pool area by the Tembusu trees feels almost surreal for a city condo.”
— Resident, PropertyGuru review, 2025
Unit Sizes & Layout
The Landmark offers 396 units configured as 1-Bedroom (405–517 sq ft, 144 units), 2-Bedroom (678–764 sq ft, 180 units), and 3-Bedroom (1,076–1,141 sq ft, 72 units) across 22 floor plan variations. The unit mix skews heavily toward compact configurations — 82% are 1- or 2-Bedroom — reflecting the development’s positioning for young professionals, couples, and investors targeting the CBD rental market. Floor-to-ceiling windows are standard across all units, and the higher-floor advantage is pronounced: units above level 25 enjoy completely unobstructed views in virtually every direction.
The 2-Bedroom units (678–764 sq ft) represent the sweet spot for both own-stay and investment. They offer enough space for comfortable daily living without the premium of the 3-Bedroom tier. For maximum view impact, prioritise west-facing stacks above level 20 for sunset and Greater Southern Waterfront vistas. North-facing units overlook Pearl’s Hill City Park greenery, which is pleasant but less dramatic. The 3-Bedroom units (72 units only) are relatively scarce in this development and command a premium — they suit families willing to trade suburban space for unbeatable city-centre access.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 68 | $2,673 | $1,323,692 |
| 1 BR | 89 | $2,718 | $1,729,078 |
| 2 BR | 65 | $2,432 | $1,845,978 |
| 3 BR | 69 | $2,505 | $2,774,622 |
Pricing & Market Position
Based on 291 recorded transactions, sale prices range from $1,030,000 to $3,340,253, averaging $1,908,373 (~$2,451 psf).
Rents range from $3,400 to $8,000 per month across 72 rental transactions. Current rental yield sits at approximately 2.8%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 12.4% (from $2,206 to $2,480 psf).
Neighbourhood Comparison
In the Outram–Chinatown corridor, The Landmark competes with several established and incoming developments. One Pearl Bank ($2,568 PSF, 774 units) is the closest geographic neighbour — also perched on Pearl’s Hill with dramatic views, but at a higher price point with a more iconic curved design by Serie Architects. Avenue South Residence ($2,260 PSF, 1,074 units) offers a lower entry point along Silat Avenue with Greater Southern Waterfront proximity, though it trades The Landmark’s hilltop elevation for a ground-level position. Stirling Residences ($2,267 PSF, 1,259 units) near Queenstown MRT provides larger unit options at a comparable price but sits further from the CBD core.
The Landmark’s distinct advantage is its hilltop elevation combined with triple-interchange MRT access — no other development in this corridor offers both. At $2,381 PSF, it sits in a sensible middle ground: buyers who want the views of One Pearl Bank without the $200 PSF premium, or the city-centre access of Zyon Grand without the $700 PSF premium, will find The Landmark a pragmatic compromise.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| THE LANDMARK | 99 yrs lease commencing from 2020 | 2021 | 396 | $2,451 |
| ZYON GRAND | 99 yrs lease commencing from 2024 | 2025 | 1,079 | $3,052 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | 2021 | 1,074 | $2,261 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | 2021 | 1,259 | $2,275 |
| PENRITH | 99 yrs lease commencing from 2024 | 2025 | 462 | $2,796 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | 2021 | 774 | $2,569 |
Lease Decay Analysis
The 99-year lease runs from 2020, meaning approximately 6 years have already been consumed. Roughly 93 years remain — still comfortably within the range where most banks will offer full financing without restrictions.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~93 years | Full bank financing available |
| 2050 | ~69 years | CPF usage still unrestricted for most buyers |
| 2059 | ~59 years | Approaching 60-year threshold — CPF limits begin for some |
| 2079 | ~39 years | Significant financing restrictions for next buyer |
| 2119 | 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 ~83 years remaining, which is still very bankable. The risk profile changes for longer holds.
ShiokNest Scores
Our proprietary scoring system evaluates THE LANDMARK across multiple dimensions.
What Residents Say
“Moved in six months ago and the views are absolutely stunning — I can see from the CBD all the way to the Southern Islands on clear days. The pool by the Tembusu trees is my favourite spot after work. Chinatown MRT is genuinely a 7-minute walk.”
— Owner-occupier, PropertyGuru review, 2025
“I bought for investment and my tenant loves it. An expat banker paying $4,300 a month for a 2-bedder — the CBD proximity and MRT access practically sell themselves. The ground-level neighbourhood isn’t glamorous but tenants care about commute time, not street aesthetics.”
— Investor-owner, HardwareZone property forum, 2025
“The sky gym on level 34 is reason enough to live here. I’ve cancelled my external gym membership. The facilities are well-maintained so far and not overcrowded given only 396 units. My only gripe is that the ground-floor lobby feels a bit modest for the price point.”
— Resident since TOP, Stacked Homes forum, 2025
- Triple-line MRT interchange at Outram Park. The NEL, EWL and TEL convergence is unique among RCR developments — it delivers network redundancy on three different rail corridors, which materially reduces commute risk for tenants and supports rental durability through any single-line disruption. This is a connectivity profile most CCR projects cannot match either.
- Premium 99-year lease from 2020. Roughly 94 years remaining as of 2026 places The Landmark above the depreciation kink on Bala's Curve and offers a long runway before lease-decay arithmetic begins to compress resale pricing. Model holding economics via our lease decay calculator.
- Greater Southern Waterfront upside. The GSW masterplan unlocks a coastal redevelopment corridor that will progressively re-rate surrounding D3, D4 and D5 stock through the 2030s and 2040s. The Landmark's northern position within walking reach of the GSW boundary gives it credible long-dated capital-appreciation tailwind without the immediate construction disruption that southern-edge projects will face.
- Pearl's Hill City Park frontage. Direct park frontage on a heritage greenspace is a structural scarcity in central Singapore — the site enjoys an outlook and acoustic buffer that no future GLS launch in the immediate sub-zone can replicate.
- Premium developer JV. The ZACD + MCC + SSLE consortium combines mainland Chinese institutional capital (MCC Land), Singapore-based development experience and a track record across mid-tier RCR product. The JV structure tends to smooth handover and defect management versus single-developer counterparts.
- CBD-fringe geography. Walking distance to Raffles Place, Tanjong Pagar and the maturing CBD-south corridor positions The Landmark for the same finance, legal and professional tenant pool that drives prime-CCR rentals — without paying CCR PSF. Investors can stress-test rental math using our rental yield calculator.
- 396-unit facility-load dynamics. Mid-sized projects in the 350-500 unit band have to amortise full condo facilities (pool deck, gym, function rooms, BBQ pavilions, landscape grounds) across a smaller resident base than mega-developments — monthly maintenance fees skew higher per square foot. Buyers should benchmark monthly outgoings carefully against neighbouring projects via our compare tool.
- RCR pricing compression on yield. District 3 RCR PSF runs materially above OCR comparables, which compresses gross rental yield. Investors targeting yields above the 3.5% range will find the RCR pricing profile a structural headwind — cross-reference yield expectations against our price heatmap and model unit-level scenarios with the rental yield calculator.
- ABSD drag on second-property buyers. RCR pricing means absolute ABSD bills are larger for upgraders, decoupling couples and foreign buyers. Stress-test the impact via our buyer stamp duty calculator and pressure-test decoupling math via the decoupling calculator against current IRAS ABSD rates.
- Cluster competition from neighbouring premium-lease launches. One Pearl Bank (a 774-unit redevelopment of the iconic Pearl Bank Apartments on the same Pearl's Hill ridge, also CapitaLand-developed on a fresh 99-year lease from 2019) and Avenue South Residence (a 1,074-unit twin-tower mega-project just south on Silat Avenue, UOL-led with comparable lease profile) create dense supply of premium-lease product within a one-kilometre radius. This is useful for transparent price discovery but compresses scarcity premiums at stack level. Benchmark via our compare tool before assuming stack-specific rarity.
- Stirling Residences pricing anchor. Stirling Residences (a 1,259-unit Logan + Nanshan + China Jiangsu development at Queenstown on a 99-year lease from 2017, one MRT stop west on the EWL) acts as a transparent RCR pricing anchor — its high-volume transaction history makes Landmark stacks easy to triangulate, which limits informational asymmetry in negotiations but also limits upside surprise.
- Rate-cycle and refinancing sensitivity. RCR loan quanta are larger in absolute terms, amplifying the cash-flow impact of rate moves at refinancing windows. Pressure-test rate scenarios via our refinancing calculator and review the latest MAS notices for cooling-measure shifts.
The Landmark suits dual-income professional couples and owner-occupier families who prioritise triple-line MRT redundancy, premium lease quality and direct park frontage over OCR space-per-dollar. CBD-fringe geography makes it a natural fit for finance, legal, medical and professional services tenants commuting to Raffles Place, Tanjong Pagar and the Singapore General Hospital cluster; landlords targeting this catchment can model returns via our rental yield calculator and total carry through our cash flow calculator. Upgraders from HDB resale in the Bukit Merah, Telok Blangah or Outram-adjacent precincts should model the price step using our mortgage calculator and buyer stamp duty calculator before committing — the RCR jump is meaningful even with strong sale proceeds from a 99-year HDB. Decoupling couples should pressure-test ABSD impact via our decoupling calculator against the larger absolute quantum that RCR pricing implies. Patient long-horizon holders (7-15 years) stand to benefit most from the GSW upside layer and the premium-lease runway; sub-five-year flippers face tighter math given cluster competition from One Pearl Bank, Avenue South Residence and Stirling Residences and the standard cooling-measure landscape. First-time buyers should compare against staying in the HDB market using our HDB grant calculator before stretching into RCR pricing.
The Landmark is a credible premium-lease RCR play with an unusually strong connectivity profile and a long-dated GSW upside narrative. The triple-line interchange at Outram Park, roughly 94 years of remaining lease, direct Pearl's Hill City Park frontage and a competent ZACD + MCC + SSLE developer JV form a structural moat that is genuinely difficult to replicate at this geography. The trade-offs are real but bounded: 396-unit facility-load dynamics, RCR pricing that compresses headline yields, ABSD drag on multi-property buyers, and dense cluster competition from One Pearl Bank, Avenue South Residence and Stirling Residences. For owner-occupier dual-income households with a 7-15 year horizon, the connectivity premium, lease quality and GSW tailwind justify the RCR entry price. For yield-led investors the math is tighter — benchmark stacks against the cluster comp set via our compare tool, model total carry via the cash flow calculator, and pressure-test the entry pricing against the wider District 3 distribution before committing. Pull current transaction comps from our price heatmap as the final check.