11 reviews for this Condo
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5
Tan Kok Meng (172 reviews )
Reviewed on August 31, 2026 0 helpful votes
walkable city
stay at The Plaza while working in the CBD and expeirencing 1st hand the walkable city of Singapore. I walk to Bugis, Arab Street or Suntec all the time. Nicoll Highway MRT is also just few mins away. at my downstairs there 7-11, laundry, food and even a hotel next door that's quite posh. apartment itself is qt big and I prefer tis to the ones I viewed nearer town. there's no "condo lifestyle" though, facilities not much... sometimes the unit feels abit stuffy as windows don't really opened. but it's so match my walking pace. -
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5
arief ari (171 reviews )
Reviewed on August 30, 2026 0 helpful votes
high floor
why I like The Plaza: You won't find many places around Beach Road with this kind of size anymore. High floor views are amazing, can see Marina Bay, Flyer and fireworks during national events. love the old school charm. spacious apartment and psf is good for me. What I think can improve: Building definately showing its age. Common corridors and some parts feel tired, isn't much facilities. Ground floor busy because offices and shops share the same building, so reduced privacy. -
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5
Mr Tom (165 reviews )
Reviewed on August 29, 2026 0 helpful votes
for workg adult
I think The Plaza suited working adult more than family. For me it's almost perfect, everything is near by. have morning coffee downstair, office 10min away or WFH, explore Arab Street after work and other drinking holes. Security has card access and concierge, feels safe. street noise may be heard from unit faces main road. not luxury, but like having a big apartment in one of the most convenient part of Singapore. -
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5
Einstein L (179 reviews )
Reviewed on November 1, 2024 0 helpful votes
The Plaza: Easy to go Malaysia; but aged and
If you like to travel to Malaysia often, good. There is a coach point here. If don’t, and you are concerned about the random people who show up all times of the day for their coaches, then nope. You are living on top of a mixed-use building, so going downstairs, you will encounter all sorts of people, from those who work here, to lost travellers and shoppers. Despite hearing the units here are spacious and well-maintained, this is a 1979 development so yes, it is very old no matter how well it has been maintained. If you are looking for all the modern condo facilities, won’t really find them here. Maintenance fees also quite high as building is old. That all said, the location is very central. Maybe okay for singles but families can think again. -
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5
Denise (165 reviews )
Reviewed on November 1, 2024 0 helpful votes
A Beach Road condo that has spacious units an
older condo right above the Park Royal Hotel. The unit is a good size and the price per square foot is pretty decent for the location, but no have facilities. -
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5
Albert Tan (161 reviews )
Reviewed on November 1, 2024 0 helpful votes
The Plaza is old but good for those who want
building offers concierge service, card-access elevators, and a prime location close to the CBD. However, it lacks amenities such as a swimming pool and gym. -
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2
Amanda Chan (1 reviews )
Reviewed on July 25, 2024 0 helpful votes
Regret renting
Since this is an old building, there are a lot of issues on the maintenance, old aircon units, and no facilities. -
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3.3
Stanley Teo (1 reviews )
Reviewed on February 3, 2023 0 helpful votes
TH
Nice Place -
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2
Mr. Sean Mohamed (1 reviews )
Reviewed on July 4, 2015 3 helpful votes
Investment Analysis @ THE PLAZA
The Plaza no doubt has a great location near the heart of CBD. However the age, lack of facilities and ventilation of most apts would be a turn off for many rent-seeking investors. Let's be real, the probability of idiosyncratic appreciation The Plaza is close to zero when there are several newer and full facilities condos in the area. Here's why. First, we begin with some key facts: - Lease remaining: 52 years - Nearby new projects: Duo, Concourse Skyline, Citygate, Southbeach Residences - Avg. walk to Bugis MRT: 12 mins - Avg. walk to Nicoll Highway MRT: 7 mins Let's look at an investor's returns today of a unit at the Plaza, with the following prudent assumptions: - Rental: $4.5 PSF (median price; a decent fully furnished 700sf apartment can be rented out for $3,150 a month) - Annual value: 60% of rental amount (for tax purpose) - Agent commission: 1/2 month per year rented out - Maintenance: $150 - Rental appreciation/inflation: 1.5% p.a. - The unit is rented out EVERY month until the lease expires in 2067 The net rent income after tax (NRAT) today, based on the foregoing, is $33,957 pa. When the lease expires in 2067, the NRAT would be $73,181 pa, Now this is a finite life property with zero residual value, hence we do not need to make further assumptions to find the NPV of the property based on your expected return. Here are the NPVs (in terms of PSF) based on expected return: @ 5% the NPV is $1,155 PSF @ 7% the NPV is $828 PSF @ 9% the NPV is $632 PSF What this means is that as an investor of a property at The Plaza, you would never pay more than $828 PSF for a unit if you are expecting a return of 7%. If he needs to spend $50k to improve the interior to rent, he wouldn't pay more than $756 PSF for the same return. Likewise, a smart owner would sell if his apt at ANY price above $828 PSF if he expects at least 7% return on his portfolio. Lastly, en-bloc is impossible without at least 50% increase in valuation of the area. -
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5
Mr. Micah Lim 林益才 (1305 reviews )
Reviewed on June 22, 2015 1 helpful votes
The Plaza
Most units offer very good unblocked view of either the city or the sea. Units come in various sizes but mostly are rather small. Easy to maintain and easy to rent out. Do note this apartment is designed to be like offices where the windows can't be opened except for small vents above. -