The Anchorage Review — Alexandra Road · D3
HuatScore: 79/100 — Solid Choice!
Is The Anchorage a good buy?
HuatScore rates The Anchorage 79/100 — a "Solid Choice!" verdict. That makes it a solid buy for buyers who prioritise a central, well-connected address and investors chasing a workable ~3.2% yield. Strongest card: Both anchors locked in. Main watch-out: District price gap is wide. Pricing is reasonable for the location at current market.
Last updated 2026-08-20 · scored against URA caveat data.
Key facts
- Verdict: Solid Choice!
- Region: Rest of Central Region
- Tenure: Freehold
- Completed: 1997
- Units: 774
- Developer: Keppel Land
- Avg PSF: ~$2,000 psf
- Price from: S$1.2M
Live market data
- Resale transactions (12mo): 7
- Recent resale PSF: ~$2,020 psf
- Gross rental yield: 2.3%
What works in its favour
- Both anchors locked in: 722m to QUEENSTOWN PRIMARY SCHOOL and 531m (~7-min walk) to Queenstown MRT (Exit A). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Tight new-launch competition: Only 1 active private launch in your district — scarcity supports resale liquidity and pricing.
- 3-bedder × investment — appreciation sweet spot: Sells into the deepest pool — owner-occupier families. That demand floor drives durable capital appreciation. The investor default for total return, not just headline yield.
What to watch out for
- District price gap is wide: New launch PSF is +28% above the 5–10 year resale median in Queenstown / Tiong Bahru. Market needs ~6 years of growth to match the entry price.
- Thin transaction volume: Only 7 resale deals in the past year. Equity trap risk — when you want to exit, very few buyers to anchor against.
- Quiet resale demand: Demand pulse 23/100 — only 7 resales in the last 12 months. Thin secondary-market activity; exits can be slow.
Who The Anchorage suits
- Buyers who prioritise a central, well-connected address
- Yield investors — ~3.2% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
43% capital gain since 2021, now ~$2,000 psf. Yield only ~2.3% — rent won't carry the loan.