Type

Units

Min Area

Price Range

3 BR

1593 sqft

S$4,000/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$4,000.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$800 on this acquisition.
Located 5 min (440 m) from NS3 Bukit Gombak MRT Station.

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

362 Bukit Batok Street 31: An Established HDB Development in a Thriving Neighbourhood

362 Bukit Batok Street 31 represents a mature and well-established HDB development located in one of Singapore's oldest and most stable residential precincts. Situated in the heart of Bukit Batok, this address has become synonymous with accessible urban living, blending convenient transport links with a neighbourhood rich in community character and established infrastructure. The development continues to attract a diverse buyer profile, from families seeking additional space to investors recognising the consistent rental demand in this proven location.

The proximity to NS3 Bukit Gombak MRT Station—just 440 metres or approximately a 5-minute walk away—positions this development as a strategically connected residential option. This accessibility opens direct routes to the city centre, employment hubs across the island, and educational institutions, making it particularly appealing to working professionals and families who prioritise convenience. The North-South Line connectivity ensures reliable and frequent service throughout the day, reducing commute friction and supporting strong capital appreciation potential over medium to long-term holding periods.

Unit Specifications and Layout Flexibility

The development offers spacious floorplate designs ranging up to approximately 1,593 square feet, accommodating multi-bedroom configurations that appeal to families and co-living arrangements. These generous proportions provide flexibility for interior customisation, whether buyers prefer open-plan living or traditional room divisions. The layout diversity ensures that different buyer segments—from first-time upgraders to large families—can find configurations matching their household requirements and lifestyle preferences.

Current availability spans multiple bedroom options, allowing purchasers to select units aligning with their specific needs and investment objectives. The comprehensive sizing ensures that both owner-occupants and buy-to-let investors can identify appropriate stock within their financial parameters and usage expectations.

Neighbourhood Character and Established Amenities

Bukit Batok has matured into a fully serviced residential district, offering residents seamless access to essential services, education, and leisure facilities. The surrounding vicinity includes several established primary and secondary schools, making it an attractive choice for families prioritising educational proximity. Retail and F&B options are abundantly distributed throughout the area, from neighbourhood hawker centres serving affordable local cuisine to modern shopping precincts catering to contemporary retail preferences.

Healthcare facilities, banking services, and recreational amenities are integrated throughout the neighbourhood, reducing the need for frequent travel beyond the immediate precinct. This level of local infrastructure maturity typically translates into sustained property demand, as residents can fulfil most daily requirements within walking distance or a short bus journey. The neighbourhood's 40+ year track record of stability and consistent development makes it a proven location for long-term ownership and investment.

Investment Potential and Rental Market Dynamics

The Bukit Batok area has established itself as a reliable rental market, with consistent tenant demand driven by proximity to employment centres, transport accessibility, and affordable pricing compared to newer private residential developments. HDB properties at 362 Bukit Batok Street 31 attract tenants across multiple segments: working professionals seeking affordable accommodation near the North-South Line, families wanting neighbourhood stability, and expatriates requiring short to medium-term residential solutions. The broad tenant base supports portfolio diversification for investors managing multiple rental properties.

Rental yields in this location reflect the balance between property values and consistent demand. While yields vary by unit configuration and market conditions, the neighbourhood's rental velocity—measured by average time-on-market for rented units—remains competitive, suggesting efficient capital deployment for buy-to-let investors. The established nature of the development means that rental comps are abundant and transparent, enabling investors to benchmark expected returns with confidence.

Resale Market Dynamics and Capital Appreciation

HDB resale transactions in Bukit Batok typically occur at price-per-square-foot levels reflecting the district's maturity, accessibility, and established amenities profile. Recent comparable sales provide transparent benchmarking, allowing buyers and sellers to assess fair market valuations with minimal ambiguity. The neighbourhood's track record of consistent transactional activity—across ownership transfers, rental placements, and investment acquisitions—demonstrates sustained buyer and tenant interest.

Capital appreciation at 362 Bukit Batok Street 31 has historically tracked broader HDB market trends, with the proximity to NS3 Bukit Gombak MRT Station providing a structural floor under valuations. Ongoing government initiatives to enhance transport connectivity, upgrade mature estates, and invest in neighbourhood amenities continue to support property valuations in this precinct. Properties in this location have consistently demonstrated resilience through economic cycles, reflecting both housing demand fundamentals and the area's status as an established, well-serviced residential district.

Financing and Buyer Accessibility

HDB properties at this development typically fall within financing parameters accessible to Singaporean citizens and permanent residents utilising HDB housing loans or bank mortgages. The conventional price points support healthy loan-to-value ratios for qualified borrowers, with banks maintaining strong appetite for financing established HDB stock in proven locations. First-time buyers benefit from available HDB loan schemes and enhanced grant eligibility, whilst upgraders and investors access institutional financing through standard mortgage products.

Total Debt Service Ratio (TDSR) headroom remains manageable for most borrower profiles at typical valuation levels seen in this development. The established price point relative to newer competing properties ensures that monthly servicing obligations remain proportionate to median household incomes across Singapore, supporting broad accessibility to this investment or owner-occupancy opportunity.

Comparison to Neighbouring HDB Developments

The Bukit Batok district includes several other HDB estates offering similar floorplate sizes and amenity access, providing direct competitive context for buyers evaluating options. Adjacent developments such as blocks on nearby streets typically command similar price-per-square-foot valuations, reflecting comparable transport accessibility and neighbourhood character. 362 Bukit Batok Street 31's specific positioning within the precinct—proximity to MRT, local schools, and commercial hubs—places it competitively amongst alternative Bukit Batok options for both owner-occupants and investors.

Prospective buyers should evaluate unit-specific conditions, renovation status, and exact floor positioning against comparable stock in the immediate neighbourhood to identify relative value. The transparent resale market in Bukit Batok enables straightforward comparative analysis, supporting confident purchasing decisions grounded in factual market data.

Conclusion: A Mature Development Offering Accessibility and Stability

362 Bukit Batok Street 31 exemplifies the strength of established HDB neighbourhoods in Singapore's residential landscape. The combination of direct MRT accessibility, comprehensive local amenities, proven rental demand, and consistent capital appreciation potential creates a compelling investment and owner-occupancy case for diverse buyer segments. Whether upgrading families, first-time buyers seeking entry into the resale market, or investors building diversified property portfolios, this development offers the stability, accessibility, and income-generating potential characteristic of Singapore's most mature and proven residential precincts.

Frequently Asked Questions

What rental yield can investors typically expect from purchasing a unit at 362 Bukit Batok Street 31?

Rental yields at 362 Bukit Batok Street 31 vary by unit configuration and current market pricing, but HDB properties in this Bukit Batok location have historically delivered gross yields in the 2.5% to 3.5% range, depending on exact valuation levels and whether units are rented furnished or unfurnished. The consistent tenant demand from professionals accessing the North-South Line and families seeking affordable neighbourhood-based accommodation supports reliable rental velocity, meaning units typically let within 2 to 4 weeks of listing. When evaluating investment potential, investors should benchmark expected monthly rents against comparable recently-rented units in the same block or adjacent Bukit Batok addresses, factoring in ancillary costs such as property tax, maintenance fees if applicable, and allowances for void periods.

How does the price-per-square-foot at 362 Bukit Batok Street 31 compare to recent resale transactions in Bukit Batok?

HDB resale transactions in Bukit Batok over the past 12 months typically range from approximately S$650 to S$750 per square foot, with variation reflecting exact block location, floor level, unit condition, and transactional timing relative to broader market sentiment. 362 Bukit Batok Street 31's specific positioning—including its proximity to NS3 Bukit Gombak MRT Station and established local amenities—positions it competitively within this range, often towards the mid-to-upper band reflecting the accessibility benefit. Prospective buyers should obtain transaction reports from the HDB resale statistics portal and cross-reference recent comparable sales from adjacent blocks to verify whether current listed prices align with recent arm's-length market trades in the same district.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase as a second residential property?

If you are a Singapore Citizen purchasing 362 Bukit Batok Street 31 as a second or subsequent residential property, you will incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price. This duty is calculated and payable at the point of legal completion and significantly increases the total cost of acquisition beyond the base purchase price and standard stamp duty. For example, if acquiring a unit valued at S$500,000, the 20% ABSD would add S$100,000 to total acquisition costs, impacting overall return-on-investment calculations and financing requirements. It is essential to factor this 20% ABSD component into your financial planning before committing to a purchase, and to consult your conveyancing solicitor or financial advisor to understand the precise cash outlay required at completion.

Does lease decay present a resale risk, and how might it affect long-term valuations?

HDB properties carry a 99-year lease at 362 Bukit Batok Street 31, which means lease decay will gradually reduce the property's valuation as the remaining lease term shortens over decades. However, the Government's policy permitting HDB leaseholders to extend their lease by an additional 30 years at age 61 (with the property reverting to the Government thereafter) provides a structured pathway to mitigate severe late-stage depreciation. Current leasehold positions at this development remain in the mid-lease range, typically supporting normal resale valuations without material lease-decay discount; however, purchasers should be aware that as the property approaches the 20-year-remaining-lease threshold, valuations may compress relative to equivalent units in newer developments with longer lease terms. If holding for 20+ years, you should clarify the lease extension policy implications with HDB or your conveyancing advisor.

How does proximity to NS3 Bukit Gombak MRT Station influence property demand and capital appreciation?

Proximity to NS3 Bukit Gombak MRT Station—just 440 metres or a 5-minute walk from 362 Bukit Batok Street 31—is a primary value driver for the development, underpinning both owner-occupancy demand and rental tenant interest. The North-South Line connectivity ensures frequent, reliable access to the city centre, business districts, and educational hubs across Singapore, reducing commute friction and supporting household willingness-to-pay for accommodation in this location. Historically, HDB properties within a 5-minute walk of MRT stations command a 5% to 10% valuation premium relative to equivalent properties 10-15 minutes' walk away, reflecting the transport accessibility benefit. This structural demand support acts as a floor under capital depreciation during market downturns and provides consistent appreciation during recovery cycles, making MRT proximity a tangible driver of long-term investment resilience.

Is 362 Bukit Batok Street 31 suitable for first-time buyers, upgraders, investors, or all three profiles?

362 Bukit Batok Street 31 appeals across multiple buyer segments: first-time buyers benefit from accessible entry pricing, established neighbourhood stability, and potential eligibility for HDB grants; upgraders seeking additional space or a change of precinct find flexible unit sizes accommodating family growth; and investors recognise the proven rental demand and transparent comparable-sales data supporting confident return projections. First-timers should investigate available HDB grants and loan eligibility, as these significantly reduce upfront capital requirements. Upgraders can leverage equity from existing properties and benefit from the neighbourhood's maturity and established amenities supporting family lifestyles. Investors prioritise the consistent tenant demand from professionals accessing the North-South Line and the broad tenant base spanning multiple income and occupational segments, supporting reliable cash flow and portfolio resilience.

What TDSR and mortgage financing headroom can I expect at typical price points for this development?

At typical HDB resale price points for 362 Bukit Batok Street 31—ranging from approximately S$400,000 to S$550,000 depending on unit configuration—a qualified Singaporean citizen or permanent resident with stable employment can typically access 80% to 90% financing through HDB housing loans or bank mortgages, yielding loan amounts in the S$320,000 to S$495,000 range. For a S$450,000 property purchase with 85% financing (S$382,500 loan), assuming a 30-year repayment period and a 2.6% mortgage rate, estimated monthly servicing approximates S$1,490, which remains comfortably within the Total Debt Service Ratio (TDSR) ceiling of 60% for most borrowers earning S$4,000 to S$6,000 monthly household income. First-time buyers may access more favourable HDB loan terms; existing mortgage holders should verify available headroom with their bank's TDSR calculator to ensure additional debt obligations remain within regulatory limits.

How does 362 Bukit Batok Street 31 compare to competing HDB developments in the Bukit Batok district?

The Bukit Batok district encompasses multiple HDB estates ranging from early 1980s developments (such as neighbouring blocks on Bukit Batok Street) to more recently upgraded stock, all competing for the same buyer and tenant base. 362 Bukit Batok Street 31 maintains competitive positioning due to its direct MRT accessibility, established local amenities, and typical price-per-square-foot alignment with comparable nearby addresses; however, some adjacent blocks may offer slightly lower valuations if situated further from the MRT station or on less desirable floor levels. Prospective buyers should request the HDB resale transaction history for the last 12 months across multiple Bukit Batok blocks to identify pricing patterns and determine whether 362 Bukit Batok Street 31 offers superior value relative to immediate competitors or represents fair market compensation for the MRT proximity and local amenity access.

Which unit stacks or floor levels represent the best value within 362 Bukit Batok Street 31?

Within 362 Bukit Batok Street 31, lower and middle-floor units (floors 1 to 15) typically command valuations 5% to 10% below equivalent high-floor units (floors 18 and above), reflecting buyer preferences for privacy, natural light, and reduced noise exposure associated with higher positions. However, lower-floor units often appeal to families with young children or elderly household members due to reduced lift usage and stairwell accessibility, and can attract tenants seeking lower-cost rental options, supporting attractive gross yields. Middle-floor units represent a compelling value proposition, balancing reduced valuations relative to penthouse floors whilst maintaining reasonable light, privacy, and perceived prestige relative to ground-level positions. Investors particularly benefit from lower and middle-floor acquisitions, as rental demand from budget-conscious tenants remains strong, supporting efficient capital deployment and reliable cash flow returns.

What is the future supply outlook for HDB properties in the Bukit Batok district, and could it impact resale values?

Bukit Batok is classified as a mature HDB estate, with limited new Housing and Development Board-built supply expected in the coming years; most district growth is anticipated through en bloc redevelopment schemes and gradual replacement of older blocks via the Selective En Bloc Redevelopment Scheme (SERS). This constrained new supply environment typically supports stable to appreciating valuations for existing stock, as housing demand continues but new completions remain limited. However, Government policy around estate upgrading, transport infrastructure enhancements, and demographic shifts will influence long-term demand dynamics; prospective buyers should monitor HDB's published development plans and urban renewal initiatives affecting the precinct to assess multi-decade supply-demand balance. The relatively mature housing stock and limited new supply typically benefit existing property owners through reduced competition from new entrants, supporting sustained capital appreciation and rental demand for properties like 362 Bukit Batok Street 31.

[For Rent] Hdb Flat At 362 Bukit Batok Street 31 — From S$4,000