Type

Units

Min Area

Price Range

2 BR

796 sqft

S$3,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$640 on this acquisition.
Located 15 min (1.28 km) from CC30 Keppel MRT Station (U/C).

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.

108 Bukit Purmei Road: Accessible HDB Living Near Keppel MRT

108 Bukit Purmei Road represents a well-positioned HDB flat offering practical accommodation in one of Singapore's established residential areas. Situated approximately 1.28 kilometres from Keppel MRT Station—currently under construction as part of the Greater Southern Waterfront development—this property stands to benefit from significantly improved public transport connectivity once the station opens to commuters. The building's location within a mature neighbourhood ensures established amenities, established community infrastructure, and proven long-term residential appeal.

The development comprises units arranged across multiple storeys, providing options for buyers with different spatial and lifestyle requirements. Two-bedroom configurations are available with approximately 796 square feet of internal space, offering sufficient room for small families, young couples, and investors seeking manageable unit sizes with predictable rental demand. The floor area sits comfortably within the sweet spot of the HDB resale market, where tenant demand remains consistent and turnover rates remain healthy.

Connectivity and Transport Advantage

The proximity to Keppel MRT Station represents a significant long-term advantage for this development. While the station is currently under construction, its anticipated completion will dramatically reshape transport accessibility for residents. The station will serve as a key interchange point for the Greater Southern Waterfront area, linking the property to major employment hubs, educational institutions, and shopping districts across the island. This anticipated improvement in public transport infrastructure typically drives sustained capital appreciation in HDB properties within walking distance of new MRT stations.

Currently, the area remains well-serviced by bus routes and is within reasonable driving distance of arterial roads connecting to the wider Singapore transport network. Residents benefit from established connectivity even before the new MRT station opens, with multiple alternatives for commuting to workplaces and leisure destinations. The addition of Keppel MRT will reduce travel times for commuters heading towards the city centre, the east coast, and the northern regions of Singapore.

Investment Characteristics and Rental Demand

For investors, HDB flats in this location present compelling fundamentals. The stable, mature neighbourhood attracts a consistent pool of rental tenants, including young professionals, expatriates, and small families seeking affordable, well-connected accommodation. The two-bedroom layout appeals directly to this demographic, with reliable demand across economic cycles. Rental yields for HDB properties in this district have historically remained competitive relative to other housing segments, reflecting the combination of affordability, accessibility, and quality of life factors that tenants prioritise.

The development's positioning near Keppel MRT enhances its appeal to investor-occupiers planning to rent out units in the medium to long term. Tenant preferences increasingly favour properties with excellent public transport access, and the imminent arrival of the new MRT station will strengthen this advantage. Investors should model rental income based on current market rents for comparable two-bedroom HDB units in the area, accounting for potential upside once transport infrastructure improves.

Market Position and Pricing Context

Pricing for units at 108 Bukit Purmei Road reflects the development's lease tenure, internal specifications, floor level, and the broader supply-demand dynamics of the HDB resale market. The property sits within the mid-tier segment of the district's HDB portfolio, making it accessible to a wide range of buyer profiles without premium pricing typically associated with newer Build-to-Order (BTO) projects or coveted locations near major commercial hubs.

Comparative analysis with recently transacted HDB flats in the surrounding area provides context for evaluating individual unit pricing. Factors including storey height, unit layout orientation, proximity to lift lobbies, and views or external exposure all influence price per square foot variances within the development. Lower-floor units typically command modest discounts reflecting tenant and owner preferences for higher storeys, presenting potential value opportunities for price-conscious buyers unconcerned with elevation premiums.

Lease Tenure and Long-Term Value Preservation

All HDB flats are held on 99-year leases from the original date of grant, meaning the lease length depends on when the property was first built and sold by the Housing and Development Board. Buyers should verify the exact lease commencement date when evaluating long-term value preservation. Lease decay becomes a material consideration for properties approaching the final decades of their leasehold period, as financial institutions may impose stricter lending criteria and future resale values may contract as the lease shortens further.

However, HDB properties with substantial remaining lease tenure—typically 70 years or more—maintain robust resale demand and stable valuations. The Government's lease extension policies and periodic amendments to HDB regulations continue to support market confidence in the long-term viability of these properties as long-term asset holdings. For most owner-occupiers with medium-term holding horizons, lease decay risk remains minimal.

Suitable Buyer Profiles

The development appeals to multiple buyer segments. First-time homebuyers benefit from the moderate entry price point, proven neighbourhood stability, and the financial discipline of HDB ownership. Owner-occupiers seeking an upgrade from smaller units or a downsize from larger properties find practical layouts and established amenities suited to their lifestyle needs. Young families value the proximity to schools, family-friendly public spaces, and established community networks that mature HDB estates provide.

Investors focused on yield and capital appreciation recognise the combination of stable rental demand, anticipated transport improvements, and competitive pricing as attractive fundamentals. Property investors with portfolios spanning multiple asset classes often view HDB flats as diversifying exposure to the residential rental market whilst maintaining exposure to the greater Singapore real estate ecosystem. The property's flexibility across multiple buyer profiles supports both current market demand and long-term resale liquidity.

Financing and TDSR Considerations

Prospective buyers must consider Total Debt Service Ratio (TDSR) constraints when financing acquisitions at this price level. Most financial institutions will finance HDB flats up to 80% of the property value, requiring a minimum down payment of 20% in cash from the buyer. Monthly mortgage repayments must not exceed 60% of gross household income when combined with all other outstanding debt obligations—a regulatory safeguard that restricts borrowing capacity for some buyer profiles.

At typical transactional price points for this development, buyers with household incomes in the range of SGD 5,000 to SGD 10,000 monthly will generally obtain financing approval for mortgage terms spanning 25 to 30 years, dependent on age, employment stability, and existing liabilities. First-time homebuyers may access Central Provident Fund (CPF) allocations to reduce cash down-payment requirements, whilst investors funding acquisitions through cash or external financing face stricter underwriting scrutiny.

Competitive Positioning Within the District

The broader Bukit Purmei area hosts several competing HDB developments and private residential projects, creating a heterogeneous supply landscape. Direct HDB competitors—neighbouring blocks or nearby precincts built during similar development phases—offer comparable two-bedroom floor plans and lease tenures, establishing price benchmarks that guide market valuations. Private residential schemes in the vicinity typically command premium pricing, positioning HDB properties as the affordable entry point for owner-occupiers seeking proximity to the same locations.

108 Bukit Purmei Road's competitive advantage centres on its imminent MRT connectivity advantage relative to older HDB developments in the same precinct that lack comparable transport upgrades planned. Buyers comparing this property against competing HDB units should quantify the transport infrastructure premium and assess whether the MRT proximity justifies any marginal price differential.

Supply Pipeline and Future Development Trajectory

The broader Keppel and Bukit Purmei vicinity forms part of Singapore's ongoing Greater Southern Waterfront development strategy, with multiple phases of residential, commercial, and mixed-use projects scheduled across the coming decade. The completion of Keppel MRT Station will catalyse demand for properties within its catchment, potentially driving capital appreciation and rental growth for developments like 108 Bukit Purmei Road that offer accessible, competitively-priced housing stock near the new station.

Future supply additions in the district will likely include Build-to-Order HDB flats, private residential condominiums, and integrated transit-oriented developments anchored around the new MRT interchange. This supply pipeline supports long-term affordability and choice for residents whilst potentially moderating price appreciation in the HDB segment compared to districts facing supply constraints. Informed buyers should monitor Government land sales and housing authority announcements to anticipate competitive supply dynamics across the property's intended holding horizon.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 108 Bukit Purmei Road as an investment property?

Rental yields for two-bedroom HDB flats in this location typically range between 3% to 5% gross annual return, depending on market conditions, exact unit specifications, and tenant demand at the time of acquisition. The mature neighbourhood and established tenant pool support consistent rental income, with young professionals and expatriates forming a reliable tenant base seeking affordable, well-serviced accommodation. Once Keppel MRT Station opens, the improved transport connectivity should strengthen tenant demand and potentially support rental rate uplift, though yields will naturally moderate as property values appreciate in response to the transport infrastructure upgrade. Investors should model conservative scenarios based on current achievable rents for comparable two-bedroom HDB units in the district, adjusting upwards only if confident in their timing and market outlook regarding the MRT impact.

How does the price per square foot at 108 Bukit Purmei Road compare to recent HDB transactions in the surrounding area?

The development's pricing reflects the mid-tier segment of the district's HDB resale market, with price per square foot varying based on storey height, unit orientation, and lease commencement date. Recent comparable transactions in the broader Bukit Purmei precinct have transacted in the range of SGD 4,500 to SGD 6,500 per square foot for two-bedroom units, depending on condition, age, and exact location within individual blocks. Lower-floor units and those with less desirable orientations typically trade at the lower end of the range, presenting value opportunities for buyers unconcerned with elevation premiums or external exposure preferences. Buyers should commission a professional valuation and review recent transaction data from the Housing and Development Board's public records to benchmarking unit pricing against comparable sales in the immediate vicinity.

What are the Additional Buyer's Stamp Duty (ABSD) implications if I purchase this property as a second residential property as a Singapore Citizen?

Singapore Citizens purchasing a second residential property face an Additional Buyer's Stamp Duty (ABSD) charge of 20% on the purchase price, payable at the point of legal completion. For a property valued at SGD 480,000, the ABSD liability would amount to SGD 96,000, representing a material cost that must be factored into acquisition budgeting alongside legal fees, valuation fees, and mortgage arrangement costs. This 20% duty applies regardless of whether the buyer intends to occupy the property or hold it for investment purposes, and it represents a significant increase compared to the base Stamp Duty rates applicable to first-time residential property purchases. Purchasers should obtain clear tax advice from a qualified advisor to understand the full ABSD implications and ensure sufficient liquidity to settle this obligation alongside down-payment and closing costs.

What lease tenure does 108 Bukit Purmei Road carry, and how might lease decay affect future resale value?

108 Bukit Purmei Road is held on a 99-year HDB lease, with the exact remaining lease duration dependent on the block's original construction and first sale date by the Housing and Development Board. Buyers should verify the specific lease commencement date and calculate the remaining tenure to assess lease decay risk; properties with more than 70 years remaining typically maintain robust resale demand and stable valuations, whilst those below this threshold may face stricter financial institution lending criteria and potential value compression as the lease shortens. The Government has periodically implemented lease extension policies and regulatory amendments supporting long-term confidence in HDB properties, though buyers with medium-term holding horizons should prioritise blocks with substantial remaining lease tenure to minimise future capital value erosion. A property with, for example, 65 years remaining lease will likely experience modest but measurable value headwinds compared to otherwise identical units with 80+ years remaining, reflecting lender and buyer preferences.

How will the opening of Keppel MRT Station affect demand and capital appreciation prospects for properties at this location?

The imminent completion of Keppel MRT Station represents a transformational transport infrastructure upgrade that will dramatically enhance connectivity for residents of 108 Bukit Purmei Road and surrounding properties. Once operational, the new station will provide rapid, reliable access to major employment hubs, shopping districts, educational institutions, and leisure destinations across Singapore, reducing commute times and increasing the property's appeal to both owner-occupiers and rental tenants. Historically, HDB properties within walking distance of newly completed MRT stations experience sustained capital appreciation in the 12 to 36 months following station opening, as improved transport accessibility becomes embedded in buyer valuations and tenant demand strengthens. Property values typically appreciate 8% to 15% in this timeframe, though actual outcomes depend on broader market conditions, supply dynamics, and the quality of stations and interchange connections; buyers purchasing now benefit from the anticipatory upside, whilst later purchasers may face higher entry prices reflecting the completed transport advantage.

Is this development suitable for different buyer profiles such as first-time buyers, upgraders, and investors?

108 Bukit Purmei Road appeals across multiple buyer segments, making it versatile within the residential market. First-time homebuyers benefit from the moderate entry price point, established neighbourhood stability, proven rental demand for similar properties, and the financial discipline inherent in HDB ownership with regulated tenancy frameworks and transparent pricing benchmarks. Upgraders seeking to move from smaller units or downsize from larger properties find practical two-bedroom layouts and established community amenities suited to their evolving lifestyle requirements, with the anticipated MRT connectivity upgrade supporting long-term value retention. Investors focused on rental yield and capital appreciation recognise the combination of stable tenant demand, competitive pricing, and pending transport infrastructure improvements as attractive fundamentals, with the property's accessibility to diverse tenant demographics supporting consistent income generation across economic cycles. High-net-worth buyers typically view HDB flats as subordinate to private residential investments, though strategic investors with portfolio diversification objectives may consider this development as exposure to the stable, liquid HDB resale market.

What TDSR constraints should I consider when financing a purchase at this development, and how much mortgage headroom will I have?

Total Debt Service Ratio (TDSR) regulations cap monthly debt repayments—including mortgage, car loans, credit cards, and other liabilities—at 60% of gross household income, a safeguard designed to prevent over-leverage and maintain financial stability. For a property valued around SGD 480,000 financed with a 25-year mortgage at typical rates of 3.5% to 4.0%, monthly mortgage payments would approximate SGD 2,200 to SGD 2,400, implying a minimum gross household income requirement of SGD 3,700 to SGD 4,000 to meet TDSR thresholds without other liabilities. Buyers with existing debt obligations—car loans, personal credit, or other mortgages—will face reduced borrowing capacity, potentially limiting the loan quantum approved by financial institutions. First-time homebuyers may leverage Central Provident Fund (CPF) allocations to reduce cash down-payment requirements, though this does not affect TDSR calculations; investors and cash-rich purchasers face no TDSR constraints but must satisfy strict underwriting criteria regarding income documentation and employment stability.

How does this HDB development compare to competing HDB blocks and private residential projects in the Bukit Purmei area?

The broader Bukit Purmei precinct comprises multiple HDB developments built across different phases, creating a heterogeneous supply landscape with varied lease tenures, specifications, and pricing. Competing HDB blocks offer comparable two-bedroom floor plans and similar lease structures, establishing price benchmarks that guide market valuations; buyers should compare 108 Bukit Purmei Road against these direct HDB competitors to quantify pricing differences and assess value for money on a per-square-foot basis. Private residential developments in the vicinity—typically newer condominium projects or mixed-use buildings—command premium pricing of 30% to 50% above HDB levels, positioning HDB properties as the affordable entry point for owner-occupiers seeking proximity to the same locations without condominium service charges and premium maintenance costs. The competitive advantage of 108 Bukit Purmei Road centres on its imminent MRT connectivity, a feature that older HDB blocks in the same precinct may lack, justifying marginal price premiums relative to comparable units without similar transport upgrades planned.

Are certain floor levels or unit stacks at this development better positioned for value preservation and capital appreciation?

Within HDB developments, lower-floor units (levels 1 to 3) typically trade at modest discounts of 5% to 10% compared to mid-range floors, reflecting buyer and tenant preferences for higher elevation, reduced street noise, and improved natural light and ventilation. Mid-range floors (levels 4 to 10) generally command the strongest demand and hold premium pricing reflecting perceived quality-of-life benefits without the extreme altitude that higher storeys may present for families with young children. Corner units and those with dual-aspect fenestration typically command premiums of 3% to 7% above standard intermediate units, reflecting enhanced natural light, improved air circulation, and superior views. Units on the same stack—vertically aligned with other units in the same column—may benefit from marginal pricing uniformity, though individual floor-level characteristics dominate valuation dynamics; investors should prioritise units offering compelling price-to-specifications ratios rather than assuming all floors within a development appreciate equally.

What is the future supply pipeline in this district, and how might it affect long-term property values and rental yields?

The Greater Southern Waterfront development strategy encompasses multiple phases of residential, commercial, and mixed-use projects scheduled across the coming decade, with Keppel MRT Station serving as a catalyst for intensified development activity and population growth. The Housing and Development Board and private developers are anticipated to launch additional Build-to-Order (BTO) HDB projects, whilst private developers are planning residential condominiums and integrated transit-oriented developments anchored around the new MRT interchange. This supply pipeline supports long-term affordability and housing choice for residents whilst potentially moderating price appreciation in the HDB segment compared to districts facing severe supply constraints; however, supply additions typically lag demand growth associated with improved transport connectivity, meaning the Keppel MRT opening may drive sustained rental growth and capital appreciation in the medium term despite increasing supply. Informed buyers should monitor Government land sales announcements, HDB new project launches, and private residential planning to anticipate competitive dynamics across their intended holding horizon.

[For Rent] Hdb Flat At 108 Bukit Purmei Road — From S$3,200