Sky Everton
Overview & Key Facts
Sky Everton is a 36-storey freehold residential tower located at 50 Everton Road in District 3, on the site of the former Asia Gardens. Developed by a consortium led by Sustained Land in partnership with Ho Lee Group, Kwong Lee Land, and Penjuru Capital, the development comprises 262 units ranging from one-bedroom to six-bedroom penthouses. The consortium acquired the site through a collective sale in April 2018 for $343 million ($1,722 psf ppr), and the development obtained its Temporary Occupation Permit (TOP) in 2022.
Sky Everton occupies a rare position in Singapore’s property landscape: it is widely regarded as possibly the last freehold residential redevelopment site in the Tanjong Pagar-Everton area. The freehold tenure alone makes it a standout in a district increasingly dominated by 99-year leasehold developments. At transacted prices ranging from approximately $2,200 to $2,700 psf, Sky Everton is positioned as a mid-to-premium freehold offering at the edge of the Central Business District.
Sustained Land, established in 2006, is a home-grown developer that has contributed over 2,500 units to Singapore’s housing stock. While not as widely known as the Tier-1 developers, the consortium’s execution on Sky Everton has been well-received by the market, with the development achieving strong sales velocity during its launch phase and recording one of the better-performing new project launches in the Tanjong Pagar precinct in recent years.
Location & Connectivity
Sky Everton enjoys a distinctive location in the Spottiswoode-Everton enclave — a relatively quiet pocket nestled between the buzzing Tanjong Pagar food district and the heritage shophouses of Everton Park. The development benefits from a dual MRT advantage: Cantonment MRT station on the Circle Line opened in 2025 at the end of Everton Road, just approximately 290 m away (a 4–5 minute walk), while Outram Park MRT interchange is about 900 m away, connecting the East-West Line, North-East Line, and Thomson-East Coast Line — making it a triple-line interchange.
The Tanjong Pagar and Everton Park neighbourhood is one of Singapore’s most curated food and lifestyle precincts. Within walking distance are the heritage shophouse cafés of Everton Park, the Korean and Japanese restaurants along Tanjong Pagar Road, and the hawker centres at Maxwell Food Centre and Amoy Street Food Centre. For groceries and retail, Tanjong Pagar Plaza and 100AM are nearby, while Vivo City and HarbourFront are a short drive or two MRT stops away. The CBD office towers of Tanjong Pagar Centre, Guoco Tower, and International Plaza are within a 10-minute walk.
North-facing units enjoy unblocked views over the low-rise Everton Park conservation shophouses — a vista protected by conservation status that is unlikely to be obstructed. South-facing units look toward Spottiswoode Park and, from higher floors, toward the port area and sea. For drivers, the Ayer Rajah Expressway (AYE) and Marina Coastal Expressway (MCE) provide quick connections to the western and eastern corridors.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | primary | Within 1 km |
| Outram Secondary School | secondary | Within 1 km |
| Gan Eng Seng School | secondary | ~2.0 km |
| Fairfield Methodist School (Primary) | primary | ~2.0 km |
Facilities
Sky Everton’s facilities are distributed across four themed zones spanning multiple levels of the 36-storey tower. The Garden Oasis on Level 1 provides the arrival experience with landscaped gardens and a drop-off area. Level 5 hosts the Piazza — the development’s main recreational deck featuring a lap pool, spa pool, and gymnasium. The Sky Forest on Level 14 offers a mid-tower green retreat with garden spaces and relaxation areas. The crown jewel is the Sky Club on Level 24, which provides panoramic views of the waterfront, the city skyline, and the Tanjong Pagar port area beyond.
“The Sky Club on Level 24 is genuinely impressive — the views toward the port and Marina Bay skyline are breathtaking, especially at sunset. It is our go-to spot for entertaining friends. The lap pool on Level 5 is well-designed and rarely overcrowded. For 262 units, the facility-to-resident ratio feels right. The gym is compact but adequately equipped, and the multi-level facility concept means you do not feel confined to a single amenity deck.”
— Owner-occupier, two-bedroom, since 2023 (PropertyGuru)
Security includes 24/7 concierge service, CCTV surveillance, and card-access control across all facility levels. The vertical distribution of amenities across four levels is a clever design response to the single-tower format — rather than concentrating everything on one deck, it creates distinct experiences at different heights. The trade-off is that moving between facility levels requires elevator trips, which can feel less seamless than a sprawling ground-level facility layout. With 262 units, the per-resident amenity ratio is reasonable, though the single lap pool may see contention during peak weekend hours.
Unit Sizes & Layout
Sky Everton offers a range from one-bedroom units to expansive five- and six-bedroom penthouses, with the bulk of the 262 units comprising one- to four-bedroom configurations. The unit mix is weighted toward smaller configurations, reflecting the development’s CBD-fringe positioning and appeal to professionals, couples, and investors. Unit sizes range from compact one-bedrooms to generously proportioned four-bedroom units, with the penthouses occupying the tower’s upper floors.
The layouts are generally efficient, with the developer opting for practical configurations over overly creative designs. Kitchen layouts accommodate both open and enclosed options in larger units, and ceiling heights are standard at approximately 2.8 m floor-to-floor. Finishes reflect a mid-to-premium standard: engineered timber flooring in bedrooms, porcelain tiles in living areas, and branded kitchen appliances. The single-tower design means only 6–8 units per floor, providing a degree of privacy and exclusivity that larger multi-tower developments cannot match. Penthouse units span the uppermost floors with generous ceiling heights and private roof terraces.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 4 | $2,751 | $1,273,500 |
| 1 BR | 18 | $2,804 | $1,759,438 |
| 2 BR | 18 | $2,712 | $2,415,600 |
| 3 BR | 31 | $2,807 | $3,472,193 |
| 4 BR | 2 | $3,042 | $5,534,000 |
| 5 BR | 2 | $3,297 | $7,347,000 |
Pricing & Market Position
Based on 75 recorded transactions, sale prices range from $1,200,000 to $7,588,000, averaging $2,848,596 (~$2,832 psf).
Rents range from $3,300 to $11,900 per month across 301 rental transactions. Current rental yield sits at approximately 2.2%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 6.3% (from $2,760 to $2,933 psf).
Neighbourhood Comparison
Sky Everton ($2,200–2,700 psf, 262 units, freehold) sits in a competitive corridor against several notable District 3 developments. One Pearl Bank ($2,300–2,700 psf, 774 units, 99-year from 2019) by CapitaLand is the most prominent nearby competitor — a striking architectural landmark with resort-grade facilities and direct access to Outram Park MRT. One Pearl Bank offers a newer product, bigger facilities, and the CapitaLand brand, but on a 99-year lease. For buyers who prioritise freehold tenure and are willing to trade scale and brand for permanent ownership, Sky Everton wins on tenure alone.
Avenue South Residence ($1,900–2,300 psf, 1,074 units, 99-year from 2019) on Silat Avenue offers larger units at a lower PSF, with the Greater Southern Waterfront potential as a shared thesis. Its 56-storey towers deliver superior views, but the leasehold tenure and mega-development scale create a different investment proposition. The Landmark ($2,300–2,700 psf, 396 units, freehold) on Chin Swee Road is the most direct freehold competitor — similar PSF range, similar CBD-fringe positioning, but in the less curated Chin Swee enclave versus Everton’s heritage charm. Sky Everton’s edge lies in its neighbourhood character, the Cantonment MRT proximity, and the Everton Park conservation views that The Landmark cannot match.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| SKY EVERTON | Freehold | 2021 | 262 | $2,832 |
| ONE BERNAM | 99 yrs lease commencing from 2019 | 2021 | 364 | $2,587 |
| NEWPORT RESIDENCES | Freehold | 2026 | 487 | $3,128 |
| ICON | 99 yrs lease commencing from 2002 | 2007 | 646 | $1,791 |
| SKYSUITES@ANSON | 99 yrs lease commencing from 2008 | — | 360 | $2,230 |
| SPOTTISWOODE RESIDENCES | Freehold | 2014 | 351 | $2,204 |
ShiokNest Scores
Our proprietary scoring system evaluates SKY EVERTON across multiple dimensions.
What Residents Say
“We specifically targeted freehold in the Tanjong Pagar area, and Sky Everton was one of the only options. The Cantonment MRT opening in 2025 was the trigger for us — suddenly we had a Circle Line station within 5 minutes of our doorstep, on top of Outram Park interchange nearby. The neighbourhood is incredible for food lovers. Our north-facing unit overlooks the Everton Park shophouses and the view will never be blocked.”
— Owner-occupier, three-bedroom, since 2022 (Stacked Homes)
“I purchased a one-bedroom as an investment and have had zero vacancy since TOP. Tenants are typically CBD professionals who want to walk to work and enjoy the Tanjong Pagar lifestyle. The freehold tenure was the deciding factor over competing leasehold options — I do not have to worry about lease decay eating into my capital over time. The rental yield has been solid at around 3.5%.”
— Investor, one-bedroom (PropertyGuru)
“The build quality is decent but not exceptional — I would say mid-range compared to CDL or UOL projects I have lived in. Some of the finishes in the common areas feel a bit thin. But the location and the freehold tenure more than compensate. My biggest gripe is the lack of a proper supermarket nearby — you have to go to VivoCity or further for a full grocery run. The Everton Park café scene is wonderful, though.”
— Owner-occupier, two-bedroom, since 2023 (99.co)
Strengths & Weaknesses
- Freehold tenure — possibly the last freehold residential site in the Tanjong Pagar-Everton area
- Cantonment MRT (Circle Line) approximately 290 m away, Outram Park triple interchange within 900 m
- Positioned to benefit from the Greater Southern Waterfront transformation over the next 10-15 years
- North-facing stacks enjoy protected views over Everton Park conservation shophouses
- Four-level facility concept (Garden Oasis, Piazza, Sky Forest, Sky Club) with panoramic Level 24 views
- Prime Tanjong Pagar lifestyle precinct — heritage cafes, hawker centres, and restaurants within walking distance
- Single-tower design with only 6-8 units per floor for privacy and exclusivity
- Strong rental demand from CBD professionals — consistent occupancy since TOP
- Walking distance to CBD office towers (Guoco Tower, Tanjong Pagar Centre)
- Sustained Land consortium is less established than Tier-1 developers — build quality is mid-range
- No full-service supermarket within immediate walking distance — VivoCity or further for groceries
- Limited primary school options within 1 km — less suitable for families with young children
- Single lap pool for 262 units may see contention during peak hours
- PSF premium of $2,200-2,700 reflects freehold tenure — higher entry cost than leasehold alternatives
- Greater Southern Waterfront is a 10-15 year vision — requires patience for full upside
- East and west-facing stacks have closer-range views toward neighbouring developments
- Compact unit sizes in smaller configurations typical of CBD-fringe developments
Verdict
Sky Everton’s defining asset is its freehold tenure in a location that may never produce another freehold residential site. At the edge of the CBD, within walking distance of Cantonment MRT and Outram Park triple interchange, and positioned to benefit from the Greater Southern Waterfront transformation, the development checks the major boxes for both owner-occupiers and long-term investors. The freehold status removes the lease-decay anxiety that affects many neighbouring developments and preserves optionality for collective sale in the decades ahead.
At transacted prices in the $2,200–2,700 psf range, Sky Everton is not inexpensive — but it represents fair value when benchmarked against freehold peers in Districts 3 and 9. The Sustained Land consortium is not a marquee developer name, but the build quality has been adequate and the facility design (particularly the four-level amenity concept) demonstrates thoughtful execution. The 262-unit scale strikes a balance between boutique intimacy and sufficient critical mass for a functioning community.
The principal risks are concentration-related: Sky Everton is a bet on the Tanjong Pagar-Everton precinct continuing its upward trajectory, and specifically on the Greater Southern Waterfront delivering on its transformative promise. The 10–15 year timeline for the Southern Waterfront means buyers need patience. The neighbourhood, while excellent for dining and lifestyle, still lacks a full-service supermarket and family-oriented amenities within immediate walking distance. Primary school options within 1 km are limited, which may constrain family buyer interest.
For professionals, couples, and investors who want freehold CBD-fringe ownership with genuine MRT access and long-term upside potential, Sky Everton is one of the strongest propositions in District 3. For families prioritising schools and suburban amenities, the location may feel limiting despite its other strengths.