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Lucerne Grand
For HDB Upgraders
Kallang Close Residences is a waterfront development by Frasers Property and Mitsubishi Estate — the first private launch in the Boon Keng / Kallang Bahru / Kampong Bugis precinct in twelve years, with the Kallang River at the doorstep and the CBD approximately four MRT stops away. For HDB upgraders in the area, this isn’t just a step into private property. It’s a step into city-fringe waterfront living at a structurally rare moment.
City-Fringe Location
Backed by Frasers Property & Mitsubishi Estate
Kallang MRT
Developers of:
A waterfront home built around your family’s next decade.
The best HDB-to-private upgrades aren’t just about a bigger home — they’re about getting into a precinct with structural advantages that compound over the decade ahead. Kallang Close Residences combines four of them at once: dual-MRT-line connectivity ~4 stops from the CBD, Kallang River waterfront frontage, the broader Kallang Alive transformation, and twelve years of supply scarcity in the immediate precinct. For upgrading families, that combination is structurally rare.
1.
Two MRT lines within walking distance
Kallang Close Residences sits within walking distance of both Kallang MRT on the East-West Line and Bendemeer MRT on the Downtown Line. For upgrading families, dual-line access means school runs become quicker, commutes become more predictable, and weekend lifestyle access becomes simpler. Dual-line MRT access is structurally rare in Singapore’s residential market — and it commands a measurable premium across cycles.
2.
Waterfront living, with the city nearby
The site fronts the Kallang River, with a planned riverfront promenade enhancing the waterfront experience. Beyond the development, Kampong Glam, Bugis, Suntec City, and Marina Bay are all within easy reach — and the Kallang Alive precinct’s sports, lifestyle, and community ecosystem is on the doorstep. This combines waterfront tranquility with city-fringe lifestyle vibrancy in a way few Singapore addresses can.
3.
~4 MRT stops to the CBD
From Kallang MRT, you’re approximately four stops to Raffles Place. For working parents commuting to the CBD, this is the city-fringe sweet spot: near-central commute economics at pricing meaningfully below core-central tiers. For your family, that means more time at home and less time on the train.
4.
Backed by Frasers Property & Mitsubishi Estate
Frasers Property is one of Singapore’s largest mainboard-listed developers, with retail anchors including Northpoint City, Causeway Point, and Waterway Point, and a residential portfolio spanning The Robertson Opus, The Orie, Rivere, and Sky Eden @ Bedok. Mitsubishi Estate brings deep Japanese mixed-use and residential expertise.
5.
The first private launch in this precinct in twelve years
The Boon Keng / Kallang Bahru / Kampong Bugis precinct has not seen a new private residential GLS launch since 2014 — a structural supply drought of over a decade in one of Singapore’s most established city-fringe locations. For upgrading families, this isn’t a marketing claim; it’s a verifiable feature with direct implications for resale dynamics. Competing new private inventory in the precinct will be structurally limited across your hold period.
Project at a Glance
A quick look at
Kallang Close Residences.
Location
Kallang Close, District 14
Within the Kallang Planning Area · waterfront site fronting the Kallang River
Developer
Frasers Property & Mitsubishi Estate JV
Joint venture between two mainboard-listed developers with extensive residential and mixed-use track records
Unit Mix
1 to 5 Bedroom
Approximately 470 units · Indicative, subject to developer's official launch documentation
Connectivity
Dual-line MRT access
Kallang MRT (East-West Line) + Bendemeer MRT (Downtown Line) · ~4 stops to the CBD
Frontage
Kallang River waterfront
Planned riverfront promenade · Kallang Alive transformation precinct adjacent
Supply Context
First private GLS launch in 12 years
First new private residential project in the Boon Keng / Kallang Bahru / Kampong Bugis precinct since 2014
Tenure
99-Year Leasehold
Standard private residential tenure
Expected Launch
2H 2026
Public launch date subject to change
Location
Kallang Close, District 14
Within the Kallang Planning Area · waterfront site fronting the Kallang River
Developer
Frasers Property & Mitsubishi Estate JV
Joint venture between two mainboard-listed developers with extensive residential and mixed-use track records
Unit Mix
1 to 5 Bedroom
Approximately 470 units · Indicative, subject to developer's official launch documentation
Connectivity
Dual-line MRT access
Kallang MRT (East-West Line) + Bendemeer MRT (Downtown Line) · ~4 stops to the CBD
Frontage
Kallang River waterfront
Planned riverfront promenade · Kallang Alive transformation precinct adjacent
Supply Context
First private GLS launch in 12 years
First new private residential project in the Boon Keng / Kallang Bahru / Kampong Bugis precinct since 2014
Tenure
99-Year Leasehold
Standard private residential tenure
Expected Launch
2H 2026
Public launch date subject to change
Upgraders consistently underestimate how their HDB equity translates into private affordability — particularly in city-fringe precincts like Kallang where dual-MRT-line connectivity and waterfront positioning command a quiet premium over inland alternatives. Here’s how the four pieces fit together for Kallang Close Residences.
Your HDB sale proceeds
Equity built up over the years — typically the largest contribution.
Your CPF balance
Both Ordinary Account and any housing-eligible savings.
Cash savings & loan
Cash-on-cash plus your bank loan eligibility.
Unit types you can consider
From compact 1-bedroom to family-sized 5-bedroom, depending on your numbers.
You don’t need it all on day one.
Singapore’s Progressive Payment Scheme means you pay in stages as the project is built — typically over 3–4 years. This makes the cashflow far more manageable than upgraders often assume, and lets your existing HDB sale align with the timing of your private purchase.
Timing & sequencing
Three timing decisions every upgrader has to navigate — and where most people overthink them.
Sell HDB Before, or after?
The right answer depends on your ABSD position, financing structure, and whether your HDB has met MOP. There's a defensible answer for every situation — but the wrong choice can cost tens of thousands.
ABSD Remission for Citizens
Singapore citizens upgrading from HDB to private can claim ABSD remission — but only if you sell your HDB within a specific window after completion. Knowing the window matters.
Progressive Payment Scheme Alignment
The PPS payment schedule can be timed to match your HDB sale proceeds, so you're not over-extending cashflow at any point. This is the single biggest stress-reducer for upgraders.
Included With Preview Registration
Every preview registration includes a 30-minute affordability assessment with a CEA-licensed specialist who will work through your specific HDB, CPF, and financial position — and map out the timing sequence that works for your family.
COMMON CONCERNS
The questions upgraders
actually ask us.
"Is the Kallang Alive transformation actually worth the bet?"
The Kallang Alive transformation is anchored by the Singapore Sports Hub (operational) and the broader rejuvenation of the Kampong Bugis precinct and the Kallang River corridor into a lifestyle destination. The developer consortium has explicitly framed this project around being the first-mover into that transformation. For upgrader families, the more important point is location: this is established city-fringe Singapore, four MRT stops from the CBD — not a greenfield bet on a future district.
"Will my CPF actually be enough?"
Most upgraders are surprised by how much of the down payment can come from CPF Ordinary Account, especially when combined with HDB sale proceeds. Your assessment includes a clear breakdown of your specific CPF position and what it covers for Kallang Close Residences specifically.
"What if I can't sell my HDB in time?"
There are three different sequencing strategies depending on your situation — selling before, selling after, or running both in parallel. Each has trade-offs. We’ll walk you through which applies to you so you don’t get caught off-guard.
"Is this too risky for my family?"
For most HDB owners with stable income and built-up CPF, the upgrade math works out more conservatively than you’d think — particularly with the Progressive Payment Scheme. The right question isn’t “is this risky” but “is this the right structure for my situation,” and that’s exactly what the assessment is for.
PREVIEW REGISTRATION
Register for preview. Get the full picture
for your family.
Preview registration gives you priority access to Kallang Close Residences — at the lowest pre-launch pricing, with first pick of waterfront stacks and floors.
Every preview registration comes with a free 30-minute affordability assessment, personalised to your HDB, CPF, and financial situation.
- Lowest preview pricing
- First pick of inventory
- Free affordability assessment
- No commitment to purchase
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Kallang Close Residences
An independent marketing platform managed by Propfunnels Pte. Limited. All information is provided for reference only. Enquiries are handled exclusively by CEA-licensed real estate agents.
Developer: Frasers Property & Mitsubishi Estate JV
Tenure: 99-year leasehold
Expected Launch: 2H 2026
TOP: TBA
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Disclaimer: This is an independent marketing website. While every reasonable care has been taken, the developer and marketing agent cannot be held responsible for inaccuracies. Affordability assessments are general in nature and subject to verification of personal financial circumstances. Visual representations are artistic impressions only. The Sales and Purchase Agreement supersedes all prior representations. All project details are provided for general information only and may change without notice.