The Silverton
Overview & Key Facts
The Silverton is an eight-unit freehold boutique at 16 Haig Lane in District 15 — developed by Wah Khiaw Development Pte Ltd and completed in 1999. Wah Khiaw is a Singapore property family known principally for landed development; The Silverton represents the developer’s foray into strata-titled boutique residential, and the result is a low-density four-storey block that reads architecturally more like a well-proportioned landed cluster than a conventional condominium. With only eight homes on a 10,792 sqft freehold site, the development has a land-to-unit ratio that would be impossible to replicate under today’s planning parameters — a structural scarcity that underpins much of the investment case.
The transaction record is thin by design rather than misfortune: one resale caveat at S$1,454.84 psf (S$2,255,000 for a 1,550 sqft unit), and one recent rental at S$5,600 per month — implying an annualised gross yield of approximately 3.0% at current pricing. That yield sits modestly above the 2.6% recorded at nearby Haig Lodge on Haig Road, and compares reasonably against the 2.2% reported at Haig Court (360 units, Haig Road). Contextually, The Silverton’s psf of S$1,455 places it at a 29% discount to Royal Hallmark (S$2,038 psf, 32 units, Haig Lane) — completed 22 years later on the same street — which quantifies the vintage and facilities premium that the market ascribes to more modern boutique product.
The target buyer is narrow and deliberate: a freehold-conviction purchaser who wants the Haig Lane address at a per-square-foot entry point that is structurally unavailable in newer product, accepts a 2000-vintage interior requiring renovation, and values genuine space — all eight units run to a full 1,550 sqft — over amenity provision. That buyer profile has historically been dominated by Singaporean owner-occupiers (92.3% of recorded buyers), with a small PR component (7.7%) and no recorded foreigner purchases — a nationality split that reflects both the ABSD regime and the self-selecting nature of a freehold boutique without marketed international-buyer positioning.
Location & Connectivity
Haig Lane is a short residential street in the eastern reaches of District 15, running off Haig Road between the Katong heritage belt and the quieter back-lanes of Tanjong Katong. It is not a through-road and carries minimal passing traffic — a characteristic that contributes materially to the street’s appeal as a low-noise residential address in a district that is otherwise well-supplied with arterial roads and expressway feeder routes. The ECP is approximately five minutes by car, placing the CBD at 12–15 minutes off-peak; Changi Airport at 15–20 minutes; and Orchard Road at 20–25 minutes via Nicoll Highway or PIE.
Rail connectivity improved structurally in June 2024 with the opening of the Thomson–East Coast Line Phase 4. The nearest station is Tanjong Katong MRT (TE25) at approximately 937 metres, located under Amber Road. The walk takes 11–13 minutes in reasonable conditions; in Singapore’s heat and rain it will feel longer for daily commuters. The Marine Parade MRT (TE26) provides a second TEL option at slightly greater distance. Dakota MRT (Circle Line) at approximately 1.3 km and Paya Lebar MRT (East-West and Circle Lines) at 1.4 km offer cross-island connectivity for longer journeys. The net position is: the address is now genuinely MRT-connected via a direct CBD line, but residents without a car should factor in the 12-minute walk as a daily constant.
Day-to-day retail and F&B is well served within a 700-metre radius: Katong Shopping Centre (581m), Katong V (680m), Roxy Square (728m), and the Katong Square cluster on East Coast Road. The broader Katong heritage F&B strip — Peranakan restaurants, independent cafes, specialty grocers — is within easy cycling or walking distance, and a Cold Storage supermarket operates nearby for daily grocery needs. East Coast Park is reachable by cycling via the park connector network in approximately 10–12 minutes.
Schools & Education
5 primary schools within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Broadrick Secondary School | secondary | Within 1 km |
| EtonHouse International School (Broadrick) | international | Within 1 km |
| Tanjong Katong Girls' School | secondary | Within 1 km |
| Tao Nan School | primary | Within 1 km |
| Canadian International School (Tanjong Katong) | international | Within 1 km |
| Tanjong Katong Primary School | primary | Within 1 km |
| CHIJ (Katong) Primary | primary | Within 1 km |
| Haig Girls' School | primary | Within 1 km |
Facilities
At eight units, The Silverton occupies the same structural tier as Haig Lodge (nine units, Haig Road) and Spring Gardens (eight units, Haig Road): developments where the economics of pool, gym, guard post, and formal landscaping simply cannot be supported by the maintenance-fund contributions of a handful of households. Buyers should approach The Silverton expecting covered car parking (approximately one bay per unit on the ground floor footprint), a basic access-control system, shared external landscaping, and nothing beyond that. This is not a gap in the development — it is an architectural statement. The scale of the development was always incompatible with resort-condo facilities, and the unit sizes (1,550 sqft) suggest the developer’s intention was to offer genuine residential space rather than compensate compact units with shared amenities.
“In a boutique freehold on Haig Lane, the facilities are the address: Katong’s hawker centres by foot, East Coast Park by bicycle, the ECP to the CBD by car. The development itself is four floors and eight neighbours — the kind of quiet you can’t buy at five hundred units.”
— Perspective on D15 boutique freehold positioning via Stacked Homes community discussions
The practical corollary of no facilities is lower monthly maintenance contributions — typically S$150–250 per month for an eight-unit block, versus S$400–700 at facility-rich condominiums. For households whose amenity requirements are met by East Coast Park, the surrounding Katong dining and retail belt, and a private gym membership, the annual saving of S$3,000–5,000 in maintenance fees is genuine. For families with young children who need a safe all-weather recreational space on compound, The Silverton is a structurally poor fit and developments with pool and playground provision — Royal Hallmark two doors down at 1 Haig Lane, or Haig 162 on Haig Road — are the rational alternatives despite their higher entry psf.
Pricing & Market Position
Based on 1 recorded transactions, sale prices range from $2,255,000 to $2,255,000, averaging $2,255,000.
Rents range from $5,600 to $5,600 per month across 1 rental transactions. Current rental yield sits at approximately 3.0%.
Neighbourhood Comparison
The primary comparison for The Silverton is the evolving Haig Lane micro-market itself. Royal Hallmark (1 Haig Lane, 32 units, FH/2022, avg S$2,038 psf) is the most modern boutique on the same street — 20 facilities, contemporary finishes, and a 583 psf premium over The Silverton. Buyers who need facilities and modernity pay that premium explicitly; those who do not can access 420 sqft more space per unit at The Silverton for the same purchase quantum. A second Haig Lane neighbour, Taipan Regency (Haig Road, 18 units, FH/2003, avg S$1,275 psf), sits at a 180 psf discount to The Silverton but offers more transaction history (6 sales, 9 rentals) and a comparable vintage — worth examining for buyers where price sensitivity or data confidence matters more than the specific Haig Lane address.
Widening the comparison to the Haig Avenue corridor: SCK Ville (14 units, FH, Haig Avenue, avg S$1,548 psf) and Haig Eleven (16 units, FH/2006, Haig Avenue, avg S$1,605 psf) both offer similar boutique freehold theses at overlapping psf levels. SCK Ville’s Haig Avenue address places it within the Tao Nan School 120m catchment — the defining attribute of the Haig Road school cluster that The Silverton on Haig Lane does not replicate. For buyers balloting Phase 2A or 2C for Tao Nan, the specific school-catchment geometry means Haig Avenue is categorically differentiated from Haig Lane, and the 93-psf premium at Haig Eleven versus The Silverton may be worth paying for the school ballot access alone. For buyers without Tao Nan in their thesis, The Silverton’s TKPS-435m positioning is sufficient for the next tier of MOE primary options.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| THE SILVERTON | Freehold | 2000 | 8 | — |
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 2023 | 1,008 | $2,537 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 2024 | 846 | $2,640 |
| THE CONTINUUM | Freehold | 2023 | 816 | $2,790 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 2023 | 638 | $2,462 |
| AMBER PARK | Freehold | 2021 | 592 | $2,540 |
ShiokNest Scores
Our proprietary scoring system evaluates THE SILVERTON across multiple dimensions.
What Residents Say
“We chose The Silverton specifically because it gave us a full three-bedrooms at 1,550 sqft in a freehold block — the helper has her own room, we both have a proper home office, and the kids have a real bedroom each. At Royal Hallmark prices we would have been looking at 1,100 sqft. The renovation took four months and the finish is entirely contemporary now — you would not know it was built in 1999.”
— Owner-occupier perspective on The Silverton’s space proposition via PropertyGuru listing discussions
“Haig Lane is genuinely quiet in a way that most D15 addresses are not. No taxis cutting through, no commercial noise from a food court below. Eight neighbours who have all bought for the same reason — it ends up feeling more like a landed enclave than a condo. The lack of a pool is real for families with young children; we work around it with East Coast Park and a club membership.”
— Long-term resident comment on Haig Lane living quality via Condo Singapore community forums
“I looked at The Silverton as an investment. The issue is one transaction at S$1,455 psf and one rental at S$5,600. That is not a data set — that is two data points. I need to see 20 or 30 rentals before I can commit capital. The address is right, the tenure is right, the size is right, but I cannot price a renovation and vacancy reserve against two numbers. Waiting for more transactions before I act.”
— Property investor assessment of The Silverton’s data thinness via EdgeProp community insights
The pattern across community discussions for The Silverton is consistent with other D15 micro-boutiques of its vintage: owner-occupiers who have made a deliberate space-over-amenity trade-off are satisfied residents; investors remain cautious until a thicker transaction record emerges; and prospective buyers most frequently raise renovation cost and MRT walking distance as the two friction points in an otherwise compelling freehold argument.
Strengths & Weaknesses
- Freehold tenure on a 10,792 sqft Haig Lane site — structural scarcity in D15
- All eight units at 1,550 sqft — genuine 3BR space with helper room, study, and balcony at one price point
- S$1,455 psf represents a 29% discount to Royal Hallmark (S$2,038 psf) on the same street
- Tanjong Katong Primary School at 435m — within the 1km P1 priority band for balloting
- Haig Girls' School at 528m — second primary option within the critical distance band
- Tanjong Katong MRT (TEL/TE25) now open (2024) — direct line to CBD and Thomson corridor
- Quiet cul-de-sac character with no through-traffic or commercial noise
- Low maintenance fees — eight households, no pool or gym to fund (est. S$150–250/month)
- Gross yield approx. 3.0% at current psf — ahead of Haig Lodge (2.6%) and Haig Court (2.2%)
- Katong retail belt within 700m: Katong Shopping Centre, Katong V, Roxy Square, East Coast Road F&B
- En-bloc score 52/100 — above-average for micro boutique; prime freehold D15 land does attract developer interest
- ECP cycling access approximately 10–12 minutes via park connector
- No facilities — no pool, gym, clubhouse, guard post, or landscaped recreational grounds
- Only 1 resale transaction on record (S$1,455 psf) — single data point, not a reliable market-clearing benchmark
- Only 1 rental transaction on record (S$5,600/month) — insufficient to underwrite rental income assumptions with confidence
- Tanjong Katong MRT at 937m — 11–13 minute walk, uncomfortable in daily tropical heat and rain
- Full renovation required: 1999 vintage interiors need S$100,000–180,000 to reach contemporary standard
- Tao Nan School at 1.42 km — outside Phase 2A/2C priority balloting distance for Singapore's most coveted D15 primary
- Micro boutique at 8 units — near-zero turnover; buyers may wait 3–5 years for a unit to come to market
- Gross yield compresses to ~2.0–2.2% net after renovation amortisation and vacancy
- No developer warranty or defects-liability period — buy-as-seen condition; independent inspection essential
Verdict
The Silverton occupies a specific and defensible position in the District 15 micro-boutique freehold market: the largest unit format on Haig Lane at the lowest recorded psf per square foot, with the structural scarcity of an eight-unit freehold site that cannot be economically replicated under current planning norms. The investment case is built on space, tenure, and address — not on yield velocity, amenity provision, or school-ballot proximity at the level of Haig Road’s tightest catchment cluster. For a buyer who has internalised those trade-offs, The Silverton is a rational acquisition. For a buyer who has not, it will disappoint on multiple dimensions simultaneously.
The most instructive peer comparison is within the same street: Royal Hallmark at 1 Haig Lane is a 32-unit freehold boutique completed 2022 with 20 facilities (lap pool, gym, jacuzzi, fitness corner, BBQ), averaging S$2,038 psf. The Silverton at 16 Haig Lane offers S$583 psf less, 25 more years of building age, no facilities, and 420 sqft more space per unit. The question is not which is objectively better — it is which product the buyer actually needs. A family requiring a pool for children and a gym on compound should pay the Royal Hallmark premium. A buyer who genuinely uses the flat as a home rather than a resort hotel, owns a car, and prioritises space over shared amenity gets materially more value per dollar at The Silverton. Against Haig Eleven (Haig Avenue, 16 units, avg S$1,605 psf, completed 2006) and Haig Ten (Haigsville Drive, 10 units, avg S$1,641 psf, completed 2002), The Silverton sits at a slight psf discount while offering a marginally older building on a more central Haig Lane address.
The ShiokNest composite score of 60/100 appropriately captures the balanced position: strong freehold lease (9.5/10) and a neighbourhood (8.5/10) that delivers the full Katong amenity belt, offset by below-average facilities (5.0/10), an MRT at just under 1 km (5.5/10), and a thin data environment that produces a value score (7.5/10) based on directional rather than deep evidence. The 3.0% gross yield is the most constructive data point in an otherwise sparse transaction record — it suggests the rental market is absorbing the space and location premium at a rate that is meaningfully ahead of Haig Lodge, though still well below the 4%+ achievable at some smaller Haig Road boutiques with more rental history. The en-bloc score of 52/100 places The Silverton above the D15 boutique average for a development of its size; on 10,792 sqft of freehold land in an established D15 address, developer interest over a 15–20 year horizon is plausible, though not a basis for investment underwriting.