Type

Units

Min Area

Price Range

3 BR

1442 sqft

S$3,800/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$760 on this acquisition.
Located 1 min (70 m) from SE1 Compassvale LRT 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.

297B Compassvale Street: Premier HDB Living in Sengkang

297B Compassvale Street stands as a significant residential address within Sengkang, one of Singapore's most mature and sought-after new town precincts. Located in the east of Singapore, this HDB development benefits from established community infrastructure, reliable public transport links, and a broad spectrum of amenities that cater to families, young professionals, and investors seeking stable long-term housing solutions.

The development's defining strength lies in its exceptional proximity to Compassvale LRT station, situated merely 70 metres away on the Sengkang Line. This ultra-close connection to rapid transit fundamentally shapes the appeal of units within this block, providing residents with seamless access to employment centres across the island, educational institutions, and leisure destinations. The Sengkang LRT network serves as a crucial feeder system to the broader MRT ecosystem, enabling commutes to the city centre and beyond without dependency on private transport or lengthy bus journeys.

Space and Flexibility in Layout

Units available at 297B Compassvale Street encompass generous floor areas, with configurations extending to 1,442 square feet. This scale of internal space affords residents substantial flexibility in arranging living zones, home office facilities, and recreational areas—increasingly important factors as working-from-home arrangements reshape residential needs. The generous footprint ensures that families can accommodate multiple generations or create functional separation between sleeping quarters and communal zones without compromising on comfort or natural lighting.

The combination of multiple bedrooms and bathrooms within single units supports multi-generational living arrangements, which remain a cornerstone of Singapore's residential culture. Families upgrading from smaller properties, first-time buyers seeking permanence, and investors targeting stable rental demographics all find practical utility in this scale of accommodation.

Investment Fundamentals and Rental Dynamics

From an investment perspective, HDB properties within high-connectivity zones consistently deliver competitive rental yields. The proximity of 297B Compassvale Street to Compassvale LRT station creates a broad tenant pool encompassing professionals who prioritise transport convenience, students attending institutions across Singapore, and families seeking established neighbourhoods with reliable services. The Sengkang precinct itself maintains a stable rental market underpinned by demographic demand and the absence of significant new supply that might otherwise suppress rental growth.

Rental income potential at this location reflects the convergence of several favourable factors: the mature status of the estate means established tenant networks and consistent demand patterns; the LRT proximity commands a rental premium relative to deeper precincts within Sengkang; and the multi-bedroom configurations appeal to multi-occupant households willing to share costs, thereby supporting higher absolute rental figures than smaller units might achieve. Investors evaluating 297B Compassvale Street typically experience improved cash-on-cash returns compared to peripheral estates lacking equivalent transport connectivity.

Lease Structure and Long-Term Value Preservation

As an HDB property, 297B Compassvale Street operates under the statutory Housing and Development Board framework, which governs lease tenure, upgrading rights, and resale regulations. HDB leasehold properties typically feature 99-year tenures commencing from their initial award or resale, though some older blocks may carry reduced remaining lease periods. The lease decay profile of any unit warrants scrutiny during purchase evaluation, as resale value remains sensitive to remaining tenure, particularly below the 60-year threshold where financing becomes constrained and buyer pools narrow significantly.

The HDB policy framework includes provisions for lease upgrading and rental income stability, which provide institutional support for value preservation that private residential properties do not necessarily enjoy. This regulatory foundation underpins why HDB properties in high-connectivity locations maintain comparatively resilient long-term value trajectories, despite the lease-decay headwind that affects all leasehold residential assets.

District Context and Surrounding Amenities

Sengkang has evolved into a fully-fledged residential township boasting shopping centres, healthcare facilities, educational institutions spanning primary through tertiary levels, and recreational parks. The precinct's maturity means that residents encounter few gaps in essential services, and the established social infrastructure supports community cohesion alongside practical convenience. Nearby Punggol and Hougang precincts further expand the accessible amenity network, particularly for residents comfortable utilising the LRT system for discretionary outings.

The commercial nodes surrounding Compassvale LRT station include retail, dining, and services-oriented businesses that serve the immediate residential population. This activation of the transport node creates a vibrant focal point around the station entrance, benefiting nearby residents through improved street-level vitality and convenient access to daily essentials without requiring travel to distant centres.

Transport Connectivity and Future-Proofing

The Sengkang LRT line's integration with the broader LRT and MRT network positions 297B Compassvale Street within an expanding transport ecosystem. Ongoing infrastructure enhancements across the east region, including the development of new town centres and the gradual infilling of precincts with complementary facilities, reinforce the long-term appeal of this location. The LRT system's operation alongside the broader transport authority's strategic planning suggests that connectivity improvements are likely to compound rather than diminish the locational advantage enjoyed by proximity to Compassvale station.

Residents benefit from both immediate LRT access and the pedestrian experience created by a mature, walkable precinct. Short commute times to major employment centres, schools, and hospitals reduce the friction cost of living at this location, making it particularly attractive to time-constrained professionals and families balancing competing commitments across multiple parts of Singapore.

Buyer Profile Suitability

First-time buyers evaluating 297B Compassvale Street find a property that balances affordability within the HDB market against the genuine liveability offered by transport proximity and established amenities. The generous unit sizes support household expansion without necessitating immediate upgrading, addressing a key concern for young couples and small families entering property ownership for the first time.

Upgraders stepping up from smaller HDB units or private apartments encounter units sized to accommodate growing families whilst maintaining the affordability and lease-extension protections inherent to the HDB system. The LRT proximity ensures that quality-of-life improvements extend beyond internal space to encompass time savings and transport convenience, addressing motivations beyond pure square footage.

Investors targeting stable, low-volatility residential assets find that 297B Compassvale Street offers predictable rental demand, regulatory clarity around tenure and upgrading rights, and exposure to a precinct unlikely to experience significant supply shocks given the mature, built-out character of Sengkang. The moderate price points within the HDB market also enable portfolio diversification strategies unavailable at private-residential price levels.

Conclusion

297B Compassvale Street represents a well-established residential option within Singapore's broader housing ecosystem, combining practical transport convenience with mature precinct amenities and flexible unit configurations. The development's defining characteristic—exceptional LRT proximity—creates durable appeal across multiple buyer and investor profiles, supporting both owner-occupation durability and investment-rental potential. For buyers prioritising connectivity, space, and location stability, this address merits serious evaluation against comparable HDB offerings in adjacent precincts.

Frequently Asked Questions

What rental yield can an investor expect from purchasing a unit at 297B Compassvale Street?

Units at 297B Compassvale Street typically achieve rental yields in the range of 4–5.5% gross annually, depending on exact unit configuration, floor level, and current market rental rates for the Sengkang precinct. The proximity to Compassvale LRT station commands a rental premium relative to deeper estates within the town, as tenants value the reduced commute burden and improved accessibility to employment and education across Singapore. Multi-bedroom configurations are particularly attractive to co-living tenant groups and families, enabling investors to capture higher absolute rental income than smaller units, which supports net yield performance after accounting for maintenance and property tax. Rental stability in this mature precinct remains supported by demographic demand and the absence of significant new HDB supply immediately adjacent, creating a favourable medium-term rental environment for this location.

How does the price per square foot at 297B Compassvale Street compare to recent HDB transactions in Sengkang?

Pricing at 297B Compassvale Street reflects the premium associated with LRT proximity; units command psf rates typically 8–15% higher than comparable HDB stock in peripheral Sengkang locations lacking equivalent transport access. Recent comparable transactions within the broader Sengkang precinct show that LRT-proximate blocks consistently achieve stronger psf valuations, particularly for larger configurations such as those available at this address. The specific psf comparison varies according to unit type, floor level, and internal condition, but the proximity to Compassvale LRT station creates a durable psf premium that has proven resilient across multiple market cycles. Buyers evaluating value-for-money should benchmark against other LRT-adjacent HDB blocks rather than peripheral estates, as the transport premium represents a genuine amenity differential rather than transient market froth.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen purchasing a second residential property at this location?

A Singapore Citizen purchasing a second residential property at 297B Compassvale Street incurs Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, calculated on top of standard Buyer's Stamp Duty. This 20% ABSD applies to all residential property acquisitions beyond the first owned property for Singapore Citizens, representing a material cost increase that must be factored into total acquisition expenses alongside legal fees, property tax adjustments, and any agent fees. For a purchase at a typical price point within this development, the 20% ABSD amount can range into the tens of thousands of Singapore dollars, materially impacting the cash required at completion and the overall return-on-investment calculation for buyer-investors. Buyers and their conveyancers should confirm current ABSD entitlements with the Inland Revenue Authority of Singapore before committing, as ABSD exemptions and reliefs remain subject to specific eligibility criteria that may vary by individual circumstance.

Does lease decay present a significant resale risk for buyers considering units at 297B Compassvale Street?

Lease decay is a material consideration for HDB purchases, and buyers must verify the remaining lease tenure of any specific unit before proceeding, as properties falling below 60 years of remaining lease encounter financing restrictions and narrowed buyer pools that suppress resale values. The Housing and Development Board offers lease-upgrading schemes that enable leaseholders to extend 99-year tenures, providing a policy mechanism for managing the lease decay trajectory, though upgrading involves costs that must be recouped through resale premiums or retained as improved long-term security of tenure. Units at 297B Compassvale Street with longer remaining lease periods command stronger resale values than those with significantly reduced tenure, and buyers should prioritise lease length as a key variable in unit selection and offer pricing. The mature status of Sengkang and the strong transport connectivity of this location support resale demand even for properties with moderately reduced lease periods, but the lease decay effect remains a quantifiable headwind to long-term value appreciation that diminishes the longer the property is retained without upgrading.

How does proximity to Compassvale LRT station influence demand and capital appreciation for properties at this address?

Proximity to Compassvale LRT station is the primary driver of demand differentiation for 297B Compassvale Street, as the 70-metre walking distance creates material time and cost savings that translate into durable appeal across residential lifecycles. LRT-proximate properties consistently demonstrate superior capital appreciation trajectories relative to non-connected equivalents, reflecting both the scarcity of high-connectivity HDB supply and the inelastic demand for transport-convenient housing in a city where commute time directly impacts quality of life and economic productivity. The station itself functions as a commercial node, with retail and services activation around the entrance that create street-level vitality benefiting nearby residents through improved amenity provision and foot traffic patterns that support local business sustainability. Medium-term capital appreciation at this location benefits from the compounding effects of transport infrastructure maturation, the gradual densification of employment and education nodes accessible via the Sengkang LRT line, and the scarcity value of direct LRT-adjacent housing stock in an established precinct where new supply is limited.

Is 297B Compassvale Street suitable for first-time homebuyers, upgraders, and investors equally?

First-time buyers benefit from the genuine liveability offered by LRT proximity and established precinct amenities, whilst the generous unit sizes accommodate household expansion without immediate upgrading—a key psychological factor for young couples entering ownership. The HDB tenure framework and affordability relative to private residential alternatives provide regulatory certainty and entry-price accessibility that support first-time buyer confidence in making a long-term commitment to this location. Upgraders stepping up from smaller units find that 297B Compassvale Street offers meaningfully larger configurations with transport convenience that improves daily quality of life beyond pure square footage; the established character of Sengkang ensures that upgraders encounter an environment that feels materially different from peripheral precincts, justifying the perceived step-up in lifestyle. Investors specifically targeting stable rental income with low volatility find that the HDB regulatory framework, mature precinct demand characteristics, and transport connectivity create a lower-risk investment profile compared to private residential alternatives, though the rental yield remains moderate relative to growth-capital-appreciation narratives. Each buyer profile encounters distinct value propositions at this location, making it broadly suitable across multiple buyer classifications.

What are the TDSR implications and financing headroom for typical purchase prices at 297B Compassvale Street?

The Total Debt Servicing Ratio (TDSR) framework limits HDB mortgage borrowing to 30% of gross monthly income, with total debt servicing not exceeding 60% of gross income when all existing liabilities are included. For units at typical price points within 297B Compassvale Street, buyers financing the majority of the purchase through HDB loans should confirm that their gross household income supports the required debt service without approaching the 60% TDSR ceiling, particularly if existing obligations (car loans, credit cards, personal loans) consume material portions of borrowing capacity. Buyers with incomes in the upper-middle range encounter minimal TDSR constraints and enjoy substantial headroom for additional borrowing beyond the primary mortgage, providing flexibility for renovations, furnishing, or other capital needs arising during the ownership period. Those with lower incomes or significant existing debt obligations may encounter tighter financing constraints that limit the maximum affordable purchase price or require co-owner income inclusion to satisfy TDSR requirements. Prospective buyers should engage with their mortgage lender early to understand their specific TDSR position and borrowing capacity, as this directly influences which unit configurations and price points remain financially accessible within their individual circumstances.

How do comparable HDB developments in adjacent precincts compare to 297B Compassvale Street?

Comparable HDB blocks in neighbouring Punggol and Hougang precincts offer similar unit configurations and pricing but typically lack the immediate LRT adjacency that defines 297B Compassvale Street, creating a 5–10 minute walking or bus journey to transport nodes instead of the 70-metre convenience of Compassvale station. Blocks within Sengkang itself that lack equivalent LRT proximity trade at meaningfully lower psf valuations, with the transport premium amounting to 8–15% depending on the specific alternative location and its distance to nearest transit. Competing developments within Sengkang that do offer LRT access—such as blocks immediately surrounding Sengkang station—achieve similar or marginally higher psf valuations, though these tend to be slightly older or command marginally higher price points for equivalent configurations. Buyers evaluating 297B Compassvale Street against alternatives should weight the LRT proximity premium against the specific configurations available, their individual transport requirements, and the long-term capital appreciation outlook for each location, as transport accessibility remains the single most influential variable shaping price differentials across this district.

Which unit stack or floor level at 297B Compassvale Street offers the best value proposition?

Lower-floor units (typically floors two to four) offer superior value for households with young children or elderly members, as reduced stairs and lift dependency improve daily convenience and safety, whilst commanding only marginal discounts relative to mid-floor equivalents. Mid-floor units (floors five to eight approximately) achieve the strongest balance of value retention, as they attract broad buyer appeal without the minor premium commanded by premium floors, creating efficient price-to-space ratios that particularly benefit investors seeking balanced cash-yield and appreciation potential. Higher-floor units attract premiums for improved natural light, views, and reduced noise exposure, justifying the price uplift for buyers prioritising amenity and willing to pay for these intangibles. Units facing away from major roads experience modestly better acoustic performance and marginally lower perceived density, though this benefit varies significantly according to the specific building configuration and surrounding road usage patterns. Investors focusing on cost-efficiency should target lower-mid-floor units aligned with broad buyer preferences, whilst owner-occupiers can afford to prioritise specific amenity preferences without strict adherence to value-optimisation calculus.

What is the future supply pipeline for new HDB developments in Sengkang, and how might this affect 297B Compassvale Street's appreciation?

Sengkang is classified as a mature new town with limited remaining developable land available for new HDB construction; future supply is expected to derive primarily from infill redevelopment and intensification within existing precincts rather than greenfield expansion, suggesting that significant new supply additions are unlikely to materially compress the psf valuations enjoyed by existing developments. The Housing and Development Board's strategic planning frameworks indicate that Sengkang's role in the broader housing ecosystem is now to accommodate upgrading demand and serve as a stable, mature residential destination rather than a growth market receiving substantial new supply cohorts. The scarcity of new supply in a mature precinct with established transport connectivity creates a structural tailwind for existing properties, as any increase in household formation or upgrading demand encounters constrained supply that supports price appreciation. Buyers at 297B Compassvale Street benefit from this structural supply constraint, which is expected to persist across the medium-term planning horizon (10–15 years), providing reasonable confidence that the location's competitive positioning relative to newer precincts will strengthen rather than erode. This supply scarcity backdrop distinguishes 297B Compassvale Street from earlier-stage new towns where new supply cohorts regularly reshape the competitive landscape and suppress appreciation dynamics.

[For Rent] Hdb Flat At Compassvale Street — From S$3,800