Type

Units

Min Area

Price Range

4 BR

1420 sqft

S$920K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$920K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$184K on this acquisition.
Located 15 min (1.21 km) from NE9 Boon Keng 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?

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114 Whampoa Road: A Mature HDB Development in the Heart of Boon Keng

114 Whampoa Road stands as one of the more established residential addresses in the Boon Keng precinct, attracting a diverse range of buyers seeking a balance between affordability and location. The development comprises multiple unit types, with offerings starting from S$920,000, making it accessible to different buyer segments across the upgrader, first-time buyer, and investment communities. Positioned within an established neighbourhood, this address has become synonymous with stability and convenience for families and professionals alike.

The location's strategic positioning near NE9 Boon Keng MRT Station—just 1.21 kilometres away—has cemented its appeal for commuters and investors. This proximity to the North East Line ensures that residents enjoy direct access to the CBD, business districts, and educational institutions across Singapore. The walking distance to public transport is reasonable, and many residents find that the station connection significantly enhances both daily convenience and long-term asset appreciation potential.

Connectivity and Neighbourhood Character

Boon Keng has matured into a vibrant mixed-use neighbourhood over the past two decades, blending residential, commercial, and educational functions seamlessly. The area benefits from a diverse range of amenities, including primary and secondary schools, wet markets, hawker centres, and independent retailers, all within walking distance or a short bus ride. This ecosystem of local services means that residents rarely need to venture far for daily essentials, contributing to the neighbourhood's appeal for families with children and retirees seeking neighbourhood-centric lifestyles.

The proximity to Boon Keng MRT Station also positions the development well for access to regional employment hubs and entertainment districts. Commuters travelling to the CBD, Marina Bay, or even the eastern coast can reach major destinations within 15 to 25 minutes using the North East Line. This accessibility has made the area attractive to young professionals and upgraders who prioritise time efficiency without sacrificing affordability.

Unit Types and Layout Diversity

The development offers a range of unit configurations to suit different household compositions and lifestyle requirements. Four-bedroom units, particularly prevalent in the development, appeal to growing families and multi-generational households seeking space for home offices, guest bedrooms, and entertainment areas. The gross floor area of larger units typically exceeds 1,400 square feet, providing generous proportions that allow for flexible interior design and furnishing options.

Smaller unit types within the development cater to first-time buyers and downsizers, ensuring that the address attracts a broad demographic spectrum. This diversity of supply has historically supported stable demand and rental interest, as different tenant and owner profiles can find suitable configurations within the same development and neighbourhood.

Investment Potential and Rental Yields

For investors considering 114 Whampoa Road, the development offers several compelling fundamentals. The established nature of the estate, combined with strong MRT connectivity, has historically supported rental yields in the region of 2.5% to 3.5% gross annually, depending on unit type and current market conditions. Four-bedroom units tend to attract larger family units and expatriate tenants, who often seek longer lease terms and are less price-sensitive than single-room seekers. The rental pool in Boon Keng remains robust owing to the neighbourhood's accessibility and relative affordability compared to central districts.

Capital appreciation prospects are underpinned by the scarcity of available land in central planning areas and the maturity of the neighbourhood as a residential address. HDB flats in well-connected mature estates have historically demonstrated resilience in market cycles, particularly when located within 1.5 kilometres of an MRT station. However, investors should be mindful of lease decay considerations if purchasing older units, as remaining lease duration affects both rental marketability and future resale value.

Buyer Suitability and Market Positioning

First-time buyers may find 114 Whampoa Road particularly attractive if seeking a complete neighbourhood with established infrastructure and lower entry costs compared to private housing or newer HDB developments in growth areas. The development's maturity means that landscaping, pavements, and community spaces are well-established, reducing uncertainty about the physical environment.

Upgraders moving from smaller or more distant flats benefit from the additional space offered by larger unit configurations and the enhanced amenities within the neighbourhood. The price point of around S$920,000 for four-bedroom units remains accessible to households with combined monthly incomes of S$8,000 to S$12,000, positioning the development squarely within the upgrader segment.

Investors view 114 Whampoa Road as a stable, lower-volatility asset in a proven rental market. The combination of proximity to transport, neighbourhood amenities, and a broad tenant pool makes it a reliable income-generating investment for those seeking diversification within the HDB market segment.

Pricing Dynamics and Comparative Value

Recent transaction data within the Boon Keng area suggests that four-bedroom units typically trade at price per square foot levels ranging from S$640 to S$700, depending on floor level, unit orientation, and remaining lease tenure. 114 Whampoa Road has historically tracked slightly below this range on a per-square-foot basis, reflecting its maturity and lease decay relative to newer developments. Buyers comparing value should factor in the established neighbourhood amenities and proven rental demand when assessing price relative to competing addresses in the district.

The development's pricing sits at a natural entry point for upgraders transitioning from HDB flats in outer ring estates, whilst remaining accessible to investors seeking stable income streams without the capital outlay required for private housing acquisition.

Financing and Buyer Considerations

For Singapore Citizens and Permanent Residents, financing is typically available at loan-to-value ratios of 80% to 90%, allowing for flexible purchase structures. Second-property buyers should account for Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, which materially affects total acquisition costs and should be factored into investment return calculations.

The neighbourhood's accessibility and affordability make it suitable for a wide range of mortgage profiles, and most major financial institutions have established lending frameworks for units at this price point and location.

Frequently Asked Questions

What rental yield can investors realistically expect from 114 Whampoa Road units?

Four-bedroom units at 114 Whampoa Road have historically generated gross rental yields in the range of 2.5% to 3.5% annually, though actual yields vary depending on unit orientation, floor level, and remaining lease tenure. The neighbourhood's established amenities, MRT proximity, and affordability relative to private housing have sustained consistent tenant demand, particularly among families and expatriate professionals seeking longer-term rentals. To optimise yields, investors should prioritise units with higher remaining lease terms and favourable orientations, as these command premium rental rates and attract more discerning tenants willing to commit to longer leases.

How does the price per square foot at 114 Whampoa Road compare to recent transactions in Boon Keng?

Recent comparable transactions in the Boon Keng area for four-bedroom HDB units typically range from S$640 to S$700 per square foot, depending on lease remaining, floor level, and unit orientation. 114 Whampoa Road has historically traded slightly below this benchmark on a psf basis, reflecting its established status and relative lease decay compared to newer developments completed in the past 5 to 10 years. This pricing positioning makes the development attractive for value-conscious upgraders and investors, though buyers should verify specific psf metrics for individual units, as floor level and lease tenure create significant variance within the development itself.

What is the Additional Buyer's Stamp Duty impact for second-property purchasers at 114 Whampoa Road?

Singapore Citizens purchasing a second residential property at 114 Whampoa Road are liable for Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For a unit priced at S$920,000, ABSD would add approximately S$184,000 to acquisition costs, significantly impacting total investment capital and return-on-investment calculations. This duty applies on top of standard Buyer's Stamp Duty and should be factored into financing arrangements and cash flow projections; investors should conduct detailed financial modelling to ensure that expected rental yields and capital appreciation justify the additional 20% upfront cost.

What lease decay risks should buyers consider for units at 114 Whampoa Road?

As an established HDB development, units at 114 Whampoa Road vary significantly in remaining lease tenure, with older blocks approaching or exceeding 35 to 40 years of age. Lease decay begins to materially impact resale value and mortgageability once remaining tenure falls below 60 years; units with remaining leases of 50 years or fewer will face increasing difficulty in attracting financing and commanding strong resale values. Buyers, particularly investors, should prioritise units with remaining leases exceeding 70 years to ensure long-term mortgageability and capital retention; purchasing units with significantly depleted leases may lock capital into an asset with diminishing exit value and limited appeal to future buyers.

How does proximity to Boon Keng MRT Station affect capital appreciation and demand for 114 Whampoa Road?

The location 1.21 kilometres from NE9 Boon Keng MRT Station is a fundamental driver of demand and capital appreciation for 114 Whampoa Road; historical data shows that HDB flats within walking distance to MRT stations experience stronger price resilience and tenant demand compared to non-MRT-proximate addresses. The North East Line connectivity provides efficient access to the CBD, employment clusters, and educational institutions, making the address attractive across multiple buyer and tenant segments. This transport premium has historically supported price stability and moderate capital appreciation, though appreciation rates remain modest compared to developments closer to interchange stations or in emerging growth corridors; the trade-off is reliable, steady demand rather than speculative upside.

Is 114 Whampoa Road suitable for first-time, upgrader, and investor buyer profiles?

Yes, 114 Whampoa Road appeals across all three primary buyer segments, though for different reasons. First-time buyers benefit from the complete, established neighbourhood infrastructure, lower entry costs relative to private housing, and proven transport connectivity without the uncertainty of emerging areas. Upgraders find adequate space in four-bedroom configurations and mature community facilities that offer immediate quality-of-life benefits without the premium associated with newer developments. Investors value the stable rental market, broad tenant pool across family and expatriate segments, and the proven price resilience of MRT-proximate HDB flats in established estates; the development offers lower volatility and consistent income generation rather than speculative capital gains.

What financing headroom and TDSR constraints should buyers expect at typical 114 Whampoa Road price points?

At typical asking prices around S$920,000 for four-bedroom units, buyers with a combined household income of S$10,000 monthly would have sufficient Total Debt Service Ratio (TDSR) headroom to finance approximately 80% to 90% of the purchase price, depending on existing liabilities and lending institution criteria. The TDSR framework typically allows maximum monthly debt servicing of 55% of gross monthly income; for S$920,000 financed at 80% (S$736,000) over 25 years at current rates around 2.6%, monthly instalments would be approximately S$3,250, leaving comfortable headroom for other commitments. However, second-property buyers must account for the 20% ABSD upfront, which requires additional liquid capital; careful cash flow planning is essential to ensure that down payment, ABSD, and legal costs do not stretch liquidity excessively.

How does 114 Whampoa Road compare to competing HDB developments in the Boon Keng and Potong Pasir vicinity?

114 Whampoa Road competes directly with other established estates in the eastern central zone such as those in nearby Potong Pasir and Boon Keng precincts, which offer similar unit configurations and MRT proximity at comparable price points. The key differentiation lies in individual block vintage, specific unit orientation, and remaining lease tenure rather than neighbourhood advantages, as all are well-served by the North East Line and equivalent local amenities. Buyers comparing across developments should conduct granular unit-by-unit analysis of lease remaining, floor level, and price per square foot, as these variables create more variance than broader development-level comparisons; 114 Whampoa Road's established maturity and proven rental track record position it favourably against newer but untested alternatives.

Which unit stack or floor level within 114 Whampoa Road offers the best value proposition?

Lower to mid-floor units (roughly levels 2 to 15) at 114 Whampoa Road typically offer superior value on a price per square foot basis whilst retaining adequate natural light and ventilation; these units command slightly lower prices than higher floors whilst experiencing minimal quality-of-life penalties in a mature neighbourhood where surrounding buildings are similarly scaled. Higher floors command premiums of 10% to 15% for views and reduced noise, which may not justify the additional cost for investors prioritising rental yield; tenants in this neighbourhood typically value functional comfort and location over premium views. Corner units or those with favourable orientations (avoiding harsh afternoon sun exposure on east or west facades) command rental premiums and resale appeal disproportionate to their base price, making them excellent value for investors willing to pay slightly more upfront for superior tenant appeal.

What is the future supply outlook for HDB in the eastern central planning area, and how might this affect 114 Whampoa Road values?

The eastern central planning area, including Boon Keng and surrounding zones, has limited remaining development capacity due to land scarcity and historical density; future HDB supply is expected to be modest and concentrated in limited infill projects rather than greenfield estates. This supply constraint supports long-term price stability for established addresses like 114 Whampoa Road, as new competitors will be few and typically target different buyer segments or price points. However, demographic trends and potential MRT extensions to outer growth areas could redirect younger buyer demand away from central addresses towards new developments with greater space and modern amenities; investors should view 114 Whampoa Road as a stability play with modest appreciation potential rather than a speculative asset poised for rapid growth.

[For Sale] Hdb Flat At 114 Whampoa Road — From S$920K