Ecoville For Sale: District 12 Properties & Units | Homejourney

Ecoville For Sale: Complete Buyer's Guide to District 12 Properties

Ecoville represents a distinctive opportunity in Singapore's District 12 property market—a freehold apartment development that combines modern living with strategic location advantages near Novena MRT. Whether you're a first-time homebuyer, upgrader, or savvy investor, this comprehensive guide will help you understand what Ecoville offers and how to make an informed purchasing decision through Homejourney's trusted platform.

Table of Contents

• Executive Summary: Why Ecoville Matters
• Property Overview & Development Highlights
• Available Units for Sale
• Why Buy at Ecoville
• Price Analysis & Market Trends
• Location Advantages
• Financing Guide for Buyers
• The Buying Process Explained
• Investment Potential & Rental Yields
• Frequently Asked Questions
• Next Steps: Your Homejourney Begins Here

Executive Summary: Why Ecoville Matters in Today's Market

Ecoville stands out as a freehold development with only 30 units, making it an exclusive and sought-after address in District 12. Completed in 2008 and developed by Teambuild Properties Pte Ltd, this low-density condominium offers spacious 3-bedroom units ranging from 1,184 to 2,809 square feet. With recent transaction prices ranging from S$1.8 million to S$1.95 million for the popular 1,184 sqft units, Ecoville attracts both owner-occupiers seeking premium living and investors recognizing its appreciation potential.

What makes Ecoville particularly compelling for Homejourney users is its combination of freehold tenure, excellent MRT connectivity, and limited unit availability. Unlike leasehold properties that depreciate over time, freehold ownership provides indefinite tenure—a significant advantage in Singapore's property market. The development's proximity to Novena MRT Station, combined with its tranquil Martaban Road location in the Balestier-Toa Payoh precinct, creates an ideal balance between urban convenience and residential calm.

Property Overview & Development Highlights

The Ecoville Advantage

Ecoville is a modern high-rise apartment comprising a single block at 10 Martaban Road with 30 residential units. The development's freehold status is particularly significant—it means you own the land indefinitely, not just a 99-year lease. This ownership structure appeals to long-term residents and investors alike, as freehold properties typically command premium valuations and demonstrate stronger capital appreciation over decades.

Teambuild Properties Pte Ltd, the developer, has established a solid reputation in Singapore's property sector, bringing professional management and quality construction standards to Ecoville. The 2008 completion date means the development has now matured, with established community dynamics and proven market performance—valuable data points for buyers evaluating long-term value.

Facilities & Amenities

Ecoville residents enjoy a curated selection of facilities designed for modern living and leisure:

• Swimming Pool – Ideal for fitness and family recreation
• Gymnasium – Equipped for residents' fitness routines
• Jacuzzi – Premium relaxation facility
• Barbecue Area – Perfect for entertaining guests and family gatherings
• Wading Pool & Water Feature – Additional recreational amenities
• Playground – Suitable for families with young children

These amenities create a lifestyle ecosystem within the development, reducing the need to venture outside for recreation. For families, the combination of playground facilities and proximity to parks makes Ecoville particularly attractive.

Available Units for Sale at Ecoville

Unit Configuration Overview

Ecoville offers a focused selection of spacious 3-bedroom units across four distinct floor plans. This specialization in 3-bedroom configurations appeals to families and investors seeking consistent rental demand. Here's what's available:

Note: Prices are estimates based on recent market transactions and may vary based on unit condition, floor level, and market conditions. Always verify current listings on Homejourney for the most up-to-date availability and pricing.

Most Popular Unit Type

The 3 Bed + 3 Bath units at 1,184 sqft remain the most sought-after configuration at Ecoville. Recent transactions show these units commanding prices around S$1.8M to S$1.95M, translating to approximately S$1,520 to S$1,650 per square foot. This unit type appeals to young families, upgraders from HDB flats, and investors seeking optimal rental yield potential.

The larger 3 Bed + 4 Bath units (2,494-2,809 sqft) cater to families prioritizing space and those seeking premium finishes with additional bathrooms—particularly valuable for multi-generational households or those with domestic help.

Browse Available Units on Homejourney

To view all currently available units for sale at Ecoville, visit Homejourney's property search platform. Our verified listings provide transparent pricing, high-resolution photography, and detailed unit specifications to help you make informed decisions. You can filter by unit type, price range, and floor level to find your ideal home.

Why Buy at Ecoville: Key Value Propositions

1. Freehold Ownership – Indefinite Land Rights

Unlike the vast majority of Singapore condominiums with 99-year leases, Ecoville offers freehold tenure. This fundamental advantage means you own the land and building indefinitely, with no lease expiry concerns. For long-term wealth building, freehold properties typically appreciate more robustly and maintain value better than leasehold properties as they approach lease maturity. This is particularly significant for buyers planning to hold the property for 20+ years or pass it to future generations.

2. Low-Density Development – Exclusivity & Tranquility

With only 30 units in a single block, Ecoville maintains an exclusive, low-density character. This contrasts sharply with large developments housing 200+ units. Fewer residents mean less congestion in common areas, quieter corridors, and a stronger sense of community. The intimate scale also typically results in lower management fees and more personalized building management.

3. Strategic Location – Novena Precinct Benefits

Ecoville's Martaban Road address places you in one of Singapore's most desirable residential precincts. The Novena area has undergone significant transformation, with improved infrastructure, new commercial developments, and enhanced lifestyle amenities. Proximity to Novena MRT Station provides seamless connectivity to the entire island, while the surrounding Balestier-Toa Payoh neighborhood offers a perfect blend of established residential character and modern conveniences.

4. Spacious Units – Room to Grow

All Ecoville units are 3-bedroom configurations, ensuring ample space for families. The smallest units at 1,184 sqft provide generous proportions compared to many newer developments, while the larger units exceed 2,800 sqft—truly exceptional for an apartment setting. This spaciousness translates to better livability, room for home offices, and flexibility for various lifestyle needs.

5. Mature Development – Proven Track Record

Completed in 2008, Ecoville has nearly 18 years of market history. This maturity provides valuable data on appreciation rates, rental performance, and management quality. You're not betting on a new development's success—you're buying into a proven asset with established market credibility.

Price Analysis & Market Trends for Ecoville

Current Market Pricing (2026)

Recent transaction data reveals Ecoville's current market positioning:

Price Trend Analysis

The data reveals a positive pricing trajectory through 2024. The most recent transactions show prices stabilizing in the S$1.8M-S$1.95M range for standard 3-bed units, representing a price-per-sqft range of S$1,520-S$1,650. This pricing reflects Ecoville's premium positioning within District 12—higher than many leasehold developments due to its freehold status and low-density character.

For buyers, this pricing level represents good value when compared to other freehold developments in Singapore. The S$1,600+ per sqft pricing is justified by Ecoville's tenure advantage, location near Novena MRT, and the development's exclusive 30-unit scale.

Historical Appreciation Context

While specific historical data for Ecoville alone requires detailed URA transaction analysis, freehold properties in established Singapore locations have historically appreciated at 2-3% annually over long periods. Given Ecoville's prime District 12 location and freehold status, similar appreciation expectations are reasonable for long-term holders, though market conditions and broader economic factors always influence actual performance.

Location Advantages: Why Martaban Road Matters

MRT Connectivity – Your Gateway to Singapore

Ecoville's location offers exceptional public transport connectivity:

• Novena MRT Station – Closest station, approximately 5-7 minutes walk from Ecoville. Novena is a major interchange on the Downtown Line (DTL), providing direct access to Orchard, Marina Bay, and the CBD
• Boon Keng MRT Station – Alternative option, approximately 10-12 minutes walk, serving the Circle Line (CCL)
• Tao Payoh MRT Station – Additional connectivity option, approximately 12-15 minutes walk on the North-South Line (NSL)

This tri-station accessibility is exceptional. Commuters have multiple routing options, reducing dependency on any single line. During peak hours or service disruptions, alternative routes ensure reliable connectivity. For professionals working in Marina Bay, the CBD, or Orchard, the Novena DTL connection provides swift, direct access.

Bus Connectivity & Local Transport

Beyond MRT, Ecoville residents benefit from extensive bus connectivity. Multiple bus stops serve the immediate area:

• Shaw Plaza bus stop
• Balestier Towers bus stop
• Zhongshan Mall bus stop
• Block 102 bus stop

These stops provide access to numerous bus routes serving different parts of Singapore, offering flexibility for those preferring surface transport or requiring connections to areas not served by MRT.

Driving Convenience – Expressway Access

For car owners, Ecoville provides excellent expressway access:

• Central Expressway (CTE) – Direct access to connect with other major expressways
• Pan Island Expressway (PIE) – Provides connectivity to all corners of Singapore

The development's location enables quick access to Changi Airport, the port, and business districts across the island. For families with multiple vehicles or those requiring flexible commuting options, this expressway proximity is valuable.

Nearby Schools – Education Options

The Novena-Balestier precinct serves several quality educational institutions:

• Primary Schools: Balestier Hill Primary School, Tao Payoh Primary School, and others within 1-2 km radius
• Secondary Schools: Balestier Secondary School, Tao Payoh Secondary School, providing diverse educational pathways
• International Schools: Several international institutions within 5-10 km, including options for expatriate families

This educational diversity makes Ecoville attractive for families with school-age children, offering choices aligned with different educational philosophies and requirements.

Shopping & Dining – Lifestyle Convenience

The surrounding area offers comprehensive shopping and dining options:

• Balestier Towers – Adjacent shopping mall with retail, dining, and services
• Shaw Plaza – Nearby shopping destination with supermarket and retail
• Zhongshan Mall – Additional shopping convenience
• Tao Payoh Hub – Community hub with diverse dining and retail options
• Local Hawker Centres – Authentic Singapore dining experiences within walking distance

Residents enjoy the convenience of modern shopping malls combined with traditional hawker culture—a uniquely Singapore lifestyle blend.

Parks & Recreation – Green Spaces

District 12's location provides access to quality outdoor spaces:

• Tao Payoh Park – Large park with diverse recreational facilities, jogging tracks, and water features
• Balestier Green – Community green space for relaxation
• Nearby Nature Reserves – Access to Singapore's nature conservation areas for weekend exploration

These recreational amenities support active, healthy lifestyles and provide escape from urban density.

Financing Guide for Ecoville Buyers

Understanding Your Purchasing Power

Before viewing units at Ecoville, understanding your financial capacity is essential. Most Ecoville buyers require mortgage financing, as the S$1.8M-S$2.85M price range exceeds cash reserves for most households. Here's what you need to know:

Mortgage Loan Basics

Loan Amount & Down Payment: Banks typically finance 75-80% of the property value for owner-occupiers, requiring 20-25% down payment. For a S$1.9M unit, expect to provide S$380,000-S$475,000 as down payment, with the bank financing S$1.425M-S$1.52M.

Loan Tenure: Standard mortgage tenures range from 20-30 years. Longer tenures reduce monthly payments but increase total interest paid. Shorter tenures increase monthly payments but reduce interest costs.

Interest Rates: Current rates vary by bank and loan structure. Fixed-rate mortgages provide payment certainty, while floating-rate mortgages may offer lower initial rates but carry refinancing risk. Use Homejourney's mortgage calculator to compare different scenarios and understand your estimated monthly payments across various loan tenures and interest rates.

CPF Usage – Maximizing Your Resources

Singapore's Central Provident Fund (CPF) can be utilized for property purchases, significantly reducing cash requirements:

• CPF Ordinary Account (OA): Can be used for down payment and mortgage payments, up to certain limits
• CPF Special Account (SA): Can be used for down payment only, not for mortgage payments
• Withdrawal Limits: Total CPF withdrawal cannot exceed the purchase price; remaining balance must be refunded to CPF

For a S$1.9M Ecoville unit, CPF usage can substantially reduce your cash requirement. Consult with your bank to understand your specific CPF withdrawal eligibility and optimize your financing structure.

ABSD – Additional Buyer's Stamp Duty Considerations

ABSD is a tax applied to property purchases under specific circumstances:

• Singapore Citizens (First Property): 0% ABSD – No additional tax
• Singapore Citizens (Second Property): 5% ABSD on purchase price
• Singapore Citizens (Third+ Property): 10% ABSD on purchase price
• Permanent Residents: 5% ABSD (first property) to 10% (subsequent properties)
• Foreign Buyers: 15-20% ABSD depending on property type

For a S$1.9M unit, second-property ABSD would add S$95,000 to your acquisition costs. Understanding your ABSD liability is crucial for total cost planning.

Estimated Monthly Payments – Sample Scenarios

To illustrate financing costs, consider this example for a S$1.9M unit with S$475,000 down payment (25%), financing S$1.425M:

• 25-Year Tenure at 3.5% Interest: Approximately S$6,800/month
• 25-Year Tenure at 4.0% Interest: Approximately S$7,100/month
• 30-Year Tenure at 3.5% Interest: Approximately S$6,300/month
• 30-Year Tenure at 4.0% Interest: Approximately S$6,600/month

Note: These are estimates. Actual payments depend on your specific bank, loan structure, CPF usage, and current interest rates. Use Homejourney's mortgage calculator for personalized calculations based on your financial situation.

Total Acquisition Costs – Beyond the Purchase Price

When budgeting for an Ecoville purchase, remember these additional costs:

• Stamp Duty: Approximately 3-4% of purchase price (S$57,000-S$76,000 for S$1.9M unit)
• Legal Fees: Approximately S$1,500-S$3,000 for conveyancing
• Valuation Fees: Approximately S$500-S$1,000
• Insurance: Home insurance typically S$300-S$600 annually
• ABSD: If applicable, 5-20% of purchase price depending on buyer profile

Total acquisition costs (excluding ABSD) typically range from 5-8% of the purchase price. For a S$1.9M unit, budget an additional S$95,000-S$152,000 beyond the purchase price and down payment.

The Buying Process: Step-by-Step Guide

Step 1: Financial Preparation & Pre-Approval

Before viewing properties, get your finances in order:

• Calculate your total budget (down payment + acquisition costs)
• Determine CPF withdrawal eligibility with your CPF board
• Obtain mortgage pre-approval from your bank to understand your loan capacity
• Gather required documents: payslips, tax returns, CPF statements, bank statements

Step 2: Property Viewing & Selection

Once financially prepared, browse available Ecoville units on Homejourney. Schedule viewings to inspect units in person. During viewings, assess:

• Unit condition and layout flow
• Natural lighting and ventilation
• Views from balconies/windows
• Proximity to elevators and common areas
• Floor level and noise considerations

Step 3: Make an Offer

Once you've identified your desired unit, work with a property agent to submit an offer. The offer typically includes:

• Proposed purchase price
• Proposed completion timeline
• Inspection contingencies
• Financing contingencies

Negotiations may occur before both parties agree on terms.

Step 4: Formal Agreement & Booking

Once offer is accepted, you'll sign a formal agreement and submit a booking deposit (typically 5% of purchase price). This secures the property and initiates the legal process.

Step 5: Legal Conveyancing

Your lawyer will handle conveyancing—the legal transfer of property ownership. This includes:

• Title verification and searches
• Contract review and finalization
• Mortgage documentation preparation
• Coordination with bank and seller's lawyer

Conveyancing typically takes 4-8 weeks.

Step 6: Mortgage Finalization

Your bank will conduct final valuation and approve the mortgage. You'll receive a mortgage offer letter with final terms. Review carefully and sign if satisfied.

Step 7: Completion & Key Handover

On the completion date, final payments are made, and ownership transfers to you. You'll receive keys and take possession of your new Ecoville home.

Professional Support You'll Need

• Lawyer/Conveyancer: Essential for legal documentation and title transfer
• Mortgage Broker (Optional): Can help navigate bank options and negotiate rates
• Property Inspector (Recommended): Independent assessment of unit condition
• Property Agent: Facilitates negotiations and connects you with sellers

Investment Potential: Rental Yields & Capital Appreciation

Rental Yield Analysis

For investors considering Ecoville as a rental property, understanding yield potential is critical:

Current Rental Market: Recent rental transactions show 3-bedroom Ecoville units commanding monthly rents of S$4,000-S$4,400 for units in the 1,100-1,200 sqft range. For larger units, rents scale accordingly.

Gross Yield Calculation: For a S$1.9M unit renting at S$4,200/month:

• Annual Rental Income: S$4,200 × 12 = S$50,400
• Gross Yield: S$50,400 ÷ S$1,900,000 = 2.65%

This 2.65% gross yield is typical for premium Singapore properties. After accounting for property tax, maintenance fees, insurance, and vacancy periods, net yield typically ranges from 1.5-2.0%—reasonable for a freehold property in a prime location.

Tenant Demand in District 12

District 12's Novena-Balestier precinct attracts strong tenant demand from:

• Young Professionals: Working in nearby CBD and business districts, valuing MRT connectivity
• Expatriate Families: Drawn to the area's proximity to international schools and established community
• Upgraders from HDB: Seeking their first private property experience
• Empty-Nesters: Downsizing from larger homes while maintaining premium living standards

This diverse tenant pool reduces vacancy risk and provides flexibility in targeting different rental market segments.