Marsiling Ridge BTO Review: Affordable flats near Marsiling Park

Marsiling Ridge is a new BTO project, launched in October 2024, and located in the Woodlands estate. BTO projects in estates situated far away from the city centre tend to be more affordable.

Under the HDB’s new classification system, Marsiling Ridge has been categorised as a Standard project. Standard projects come with some advantages, including a shorter, five-year Minimum Occupation Period (MOP) and permission to rent out the entire unit after the MOP. Marsiling Ridge residents expect to collect their keys in 2029, which means they might be able to sell or rent out their flats as early as 2034.

Let’s have a look at Marsiling Ridge to see if it’s a good choice as a home and investment.

Marsiling Ridge BTO Review (Summary Table)

*Information from 99.co, PropertyGuru, and other property listing websites is accurate as of time of writing.

Marsiling Ridge BTO Price

Marsiling Ridge consists of 162 4-room and 130 5-room flats. At the October 2024 launch, the 4-room flats were priced at $329,000 to $457,000, and the 5-room flats at $488,000 to $616,000.

These are affordable prices for BTO flats, which is unsurprising as Woodlands tends to be one of the cheaper estates to live in.

What about investment potential? Let’s look at nearby resale flats to see how much they’re worth now.

4-room flats at Marsiling Green View, located on Woodlands Street 13 an 8-minute walk from Marsiling MRT station, are currently being put up for sale on PropertyGuru for $720,000 to $730,000. These flats received theri TOP in 2018, and fulfilled their MOP in 2023.

The Woodlands Street 13 resale prices show fairly good potential for capital gains when compared to Marsiling Ridge’s BTO prices, and give the first batch of Marsiling Ridge buyers an idea of the kinds of resale prices they might be able to expect when they fulfil their MOP.

Marsiling Ridge BTO Site Plan

You can find the Marsiling Ridge site plan here. The site plan shows the layout of the blocks within the estate. Marsiling Ridge is located on Woodlands Centre Road, and is right next door to Marsiling Primary School and other HDB blocks.

On the other side of Woodlands Centre Road, there is a site reserved for future high-rise residential development, which means some construction could be taking place in the area for a number of years.

Marsiling Ridge BTO Location

Marsiling Ridge is located on Woodlands Centre Road, a six-minute walk from Marsiling MRT station. While Woodlands is considered quite a far-flung neighbourhood, the proximity of Marsiling MRT station offers the BTO site decent connectivity to the city centre, since commuters can reach Raffles Place MRT station in the CBD within 43 minutes (not counting walking time) without needing to change lines.

The BTO site is convenient for families with kids due to Marsiling Primary School being located right next door. Other schools within walking distance include Woodlands Secondary School and Fuchun Primary School.

The Marsiling Ridge site is not located in an area that is particularly rich in amenities, but Marsiling Mall being within walking distance makes it easy for residents to satisfy most of their shopping and dining needs close to home.

Another positive point is that the BTO site is located just across the road from Marsiling Park, which is home to a lake and many scenic walks.

I would recommend this BTO site to families with children, thanks to the availability of schools within walking distance and Marsiling Park being very nearby. While the distance of the Woodlands estate from the city centre could be prohibitive for some, the close proximity to the nearest MRT station does somewhat mitigate this inconvenience.

Marsiling Ridge BTO Floor Plan

Marsiling Ridge consists of 4-room and 5-room flats. You can find the Marsiling Ridge floor plans here.

4-Room Floor Plan

The 4-room flats measure 93 sqm, inclusive of air con ledge, and house three bedrooms lined up in a row and an L-shaped living/dining area. There is a hallway at the entrance leading into the living/dining area, leaving room for a shoe rack and offering greater privacy.

5-Room Floor Plan

The 5-room flats measure 113 sqm and consist of three bedrooms lined up in a row. The living/dining area is much more spacious than that of the 4-room flats, as is the kitchen. You can even set up a home office or study in the living/dining area and still have plenty of space to spare. The hallway at the entrance is also especially spacious.

Overall, there is nothing out of the ordinary when it comes to the floor plans of these two flat types. So buyers will not encounter any surprises here.

Marsiling Ridge BTO Rent Price

As Marsiling Ridge is a Standard project, owners will be able to rent out the entire unit once the five-year MOP is over. Let’s have a look at nearby rental flats to better estimate the kinds of rents Marsiling Ridge might potentially be able to enjoy.

4-room flats on Marsiling Rise are currently being put up for rent on PropertyGuru for $3,200 to $3,500. I think this is an attractive rental yield, whether for BTO buyers or those who purchased their flat on the resale market.

Marsiling Ridge BTO Review

Marsiling Ridge is a relatively inexpensive BTO project due to its distance from the city centre, but its location is not all that bad as the site is only a six-minute walk from Marsiling MRT station.

The BTO site is a convenient one for families with children as there are several schools located within walking distance, as well as one right next door. Marsiling Park is just across the road, offering a dose of nature close to home.

Marsiling Ridge can also be a profitable choice for those looking for an affordable first property to invest in, since there is potential for attractive capital gains and a good rental yield.