Eden Residences Capitol Review: Is It Worth Buying?

The Eden Residences Capitol (首都御府) is a luxury residential project situated right in the heart of the City Hall/Clarke Quay area, District D06. With only 2 units remaining from its original 39, this completed development offers a unique proposition for a very specific type of buyer. If you're looking for immediate occupancy in a prime, established location with large floor plates and a limited supply, this could be for you. However, if you are working with a tighter budget, prioritising newer facilities, or seeking high rental yields from smaller units, this project might not align with your objectives.

The Pros: What Eden Residences Capitol Offers

One of the most significant advantages of Eden Residences Capitol is its prime location at 11 STAMFORD ROAD. Being a D06 project, residents benefit from exceptional connectivity and proximity to key amenities, although specific details like MRT distances are not provided. The development's status as 'Completed' means immediate occupancy is possible, a definite plus for those who prefer not to wait for construction. Furthermore, with only 39 units, it offers a sense of exclusivity and privacy, a hallmark of luxury living.

The developer, Capitol Residential Development Pte. Ltd., delivered this project with a 99-year leasehold tenure, with an Expected TOP date of 2018-03-23. The fact that 37 out of 39 units are already sold speaks to its appeal in the market.

The Cons: What to Consider

While the location and exclusivity are strong selling points, it's important to acknowledge that Eden Residences Capitol launched in 2012, with its TOP in 2018. This means that compared to brand-new launches, some facilities or common areas might not have the very latest designs or technology. For buyers who prioritise cutting-edge amenities and a 'brand new' feel, this could be a consideration.

Another factor is the limited availability. With only 2 units left, choices are highly restricted. This also means that prices are firmly set within a specific range, potentially offering less flexibility than a project with more available inventory. The larger unit sizes also translate to higher absolute quantum, which narrows the pool of potential buyers.

Price vs. Comparables

When evaluating the pricing of Eden Residences Capitol, it's crucial to look at it in the context of its district and market. The available units are priced between $11,294,850 and $11,313,750, translating to $3,760 psf – $3,767 psf.

Project	Price Range	PSF Range	Tenure	TOP
Eden Residences Capitol	$11,294,850 – $11,313,750	$3,760 psf – $3,767 psf	99 Years	2018-03-23 (Completed)
Canninghill Piers	$1,317,000–$8,963,000	$3,102 psf–$3,327 psf	99 Years	2026-12-30

Comparing Eden Residences Capitol's PSF of $3,760 psf – $3,767 psf to Canninghill Piers ($3,102 psf–$3,327 psf), it is evident that Eden Residences Capitol commands a higher price per square foot. This difference could be attributed to its immediate move-in status, the specific luxury positioning, and its earlier completion date in a mature district compared to an upcoming project like Canninghill Piers, which is slated for TOP in 2026. The larger unit sizes at Eden Residences Capitol also place it in a different segment of the luxury market.

Unit Mix Highlights

The available units are of the Camellia type, offering substantial living spaces:

• Camellia: 3003–3004 sq ft, priced at $11,294,850 – $11,313,750.

These larger units cater to those seeking expansive living environments, which is characteristic of high-end luxury residences. The total number of units for this type is not provided, but it's clear these are premium offerings.

You can find more details and the remaining units for this project at the Eden Residences Capitol project page.

Showflat Checklist (If applicable)

Since Eden Residences Capitol is a completed project, there won't be a traditional showflat. Instead, you would be viewing the actual available units. During a visit, I would recommend checking:

• Condition of the Actual Unit: Pay close attention to the finishes, fixtures, and any signs of wear and tear, as the project TOP-ed in 2018.
• Views and Orientation: Evaluate the specific views from the unit and how natural light enters the space at different times of the day.
• Common Areas and Facilities: Inspect the maintenance and condition of the project's facilities, such as the pool, gym, and lobbies, to ensure they meet your standards.
• Immediate Surroundings: Take note of the noise levels, accessibility to amenities, and the overall ambiance of the neighbourhood directly outside the development.

All information is subject to the developer's confirmation and may change without prior notice. Prices, charts and figures are indicative and for reference only; this material does not constitute financial or investment advice.

Kaeden Ong · Assistant Division Director, ERA Realty Network · CEA Reg. L3002382K