Type

Units

Min Area

Price Range

3 BR

969 sqft

S$499K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$499K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$99,800 on this acquisition.
Located 13 min (1.1 km) from EW25 Chinese Garden 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.

251 Jurong East Street 24: A Well-Connected HDB Development in Jurong East

251 Jurong East Street 24 represents a notable entry point into Singapore's established Jurong East residential market. This HDB development offers a selection of units across multiple configurations, appealing to first-time homebuyers, growing families, and property investors seeking stable capital appreciation and rental yields in a mature estate. Located within the heart of Jurong East, the development benefits from decades of established infrastructure, community facilities, and economic activity that have made this planning area one of Singapore's most resilient housing markets.

The location places residents within a convenient 13-minute walk—approximately 1.1 kilometres—of Chinese Garden MRT station on the East-West Line. This proximity to public transport is a defining advantage, as it provides seamless connectivity to the Central Business District, Changi Airport, and secondary commercial hubs across the island. The East-West Line remains one of Singapore's busiest and most economically important transport corridors, serving commuters heading towards employment centres, educational institutions, and leisure destinations. For families and professionals commuting to different parts of Singapore, this MRT accessibility translates into meaningful time savings and reduced transport costs over a property holding period measured in decades.

Jurong East as a Maturing Residential and Commercial Hub

The Jurong East planning area has evolved significantly since its designation as a secondary business district outside the CBD. Today, it hosts a concentration of commercial offices, shopping centres, food and beverage establishments, and educational facilities that create a self-contained urban ecosystem. This diversification means that residents of 251 Jurong East Street 24 enjoy neighbourhood amenities within walking distance—from supermarkets and wet markets to dining options, healthcare clinics, and recreational spaces. The maturity of the neighbourhood also suggests that major infrastructure gaps have already been addressed, reducing the risk of disruptive future construction or zoning changes that can affect property values.

Unit configurations available at this development are designed to accommodate a range of household compositions. The typical floor areas around 969 square feet provide sufficient living space for three-bedroom units, a configuration that historically commands strong rental demand from families, expatriate workers, and young professionals establishing themselves in Singapore. The two-bathroom layout adds practical convenience, particularly in multi-generational or dual-income households where morning routines and guests require multiple facilities. These functional specifications have proven their appeal across multiple property cycles, indicating steady underlying demand that underpins resale and rental values.

Pricing and Investment Considerations

Properties at 251 Jurong East Street 24 are positioned from S$499,000 onwards, reflecting the estate's maturity and the distance to the MRT station. This price point sits within the reach of first-time homebuyers accumulating their housing grants, upgraders moving from smaller flats or condominiums, and investors seeking to diversify into stable dividend-producing residential assets. Compared to newer developments in emerging estates further from established MRT lines, this development offers the advantage of immediate accessibility and tenant-ready market conditions—important for investors with near-term rental objectives.

For investor-purchasers, understanding the total cost of acquisition is essential. Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at 20% on the purchase price, substantially increasing the effective acquisition cost above the headline purchase price. Combined with the standard Buyer's Stamp Duty and relevant legal and survey fees, total upfront costs for a second property purchase can reach approximately 23–25% of the purchase price. Investors should factor this into yield calculations and ensure that projected rental income provides adequate returns to justify the additional capital outlay and ongoing holding costs such as property tax, maintenance contributions, and vacancy provisions.

Rental Yield and Market Demand

The Jurong East location and the three-bedroom configuration at 251 Jurong East Street 24 appeal to a broad tenant demographic. Young families, expatriate workers on fixed-term assignments, and professionals working in the secondary business district represent significant demand pools. Rental yields on three-bedroom HDB flats in mature estates typically range from 3–4% per annum, varying based on exact location, floor level, and condition. Properties closer to MRT stations generally command higher rental rates, benefiting from the reduced commute premium that tenants willingly pay. Investors should conduct detailed comparable rental surveys within the immediate Jurong East area to establish realistic monthly rental expectations and annualise these against their actual acquisition costs including all stamp duties and fees.

Lease Tenure and Long-Term Appreciation

As an HDB property, units at 251 Jurong East Street 24 carry 99-year leasehold tenure commencing from their initial construction and allocation date. For properties in this development constructed in earlier decades, remaining lease tenure will be a material consideration for mortgagees and future purchasers. Financial institutions typically apply lending restrictions once a property's remaining lease falls below 60 years, effectively limiting a buyer pool and suppressing capital appreciation in the final years of a lease term. Prospective buyers should verify the exact construction year and remaining lease tenure before purchase, and factor potential lease decay effects into long-term holding value calculations. Properties with longer remaining leases generally exhibit stronger capital appreciation prospects and easier resale marketability.

Financing and Affordability

The price point of units at this development aligns with typical mortgage approval thresholds for Singapore Citizens utilising Central Provident Fund (CPF) savings and bank financing. Most banks will lend up to 80% of purchase price for HDB properties, with the remaining 20% funded through CPF and cash. At the indicated price level, a purchaser with average CPF accumulation and stable employment should obtain mortgage approval without difficulty, subject to passing Total Debt Servicing Ratio (TDSR) screening. TDSR regulations cap borrowing at approximately 60% of gross monthly income, so a buyer with monthly household income of S$9,000–S$12,000 should comfortably service a mortgage on a property in this price range. First-time homebuyers benefit from enhanced CPF withdrawal privileges and concessional stamp duty, further improving affordability.

Comparing to Nearby Alternatives

The Jurong East planning area contains multiple HDB estates and housing developments across a wide spectrum of construction eras and configurations. Neighbouring properties in nearby blocks on Jurong East Street and adjacent avenues offer alternative floor plans and lease-remaining comparisons that prospective buyers should evaluate. Newer purpose-built private condominiums in Jurong East command significantly higher purchase prices but offer amenities such as private swimming pools, gymnasiums, and controlled-access lobbies—features not available in HDB developments. For buyers prioritising affordability and transport accessibility over luxury amenities, the HDB option at 251 Jurong East Street 24 often delivers better value per square foot and lower total carrying costs over extended holding periods.

Capital Growth Prospects and Market Fundamentals

The East-West Line continues to serve as a backbone corridor for Singapore's economy, connecting high-employment areas, shopping precincts, and residential neighbourhoods. The Chinese Garden MRT station, sitting 1.1 kilometres away, benefits from consistent patronage driven by this economic activity rather than temporary development booms or busts. Properties located within reasonable walking distance of such stable transport hubs have historically demonstrated resilient capital values through multiple economic cycles. While future appreciation rates depend on broader economic conditions and housing policy, the fundamental demand drivers—proximity to transport, established neighbourhoods, and affordable pricing—suggest that 251 Jurong East Street 24 offers reasonable long-term value preservation prospects for patient homeowners and yield-focused investors.

Frequently Asked Questions

What estimated rental yield might an investor expect from purchasing a unit at 251 Jurong East Street 24?

Three-bedroom HDB flats in Jurong East typically achieve rental yields in the 3–4% range per annum, depending on the exact floor level, proximity to amenities, and market conditions at the time of lease. A property purchased at the S$499,000 price point yielding 3.5% would generate approximately S$1,445 in monthly rental income before accounting for property tax, maintenance contributions, and potential vacancy periods. Investors should conduct detailed comparable rental surveys in the immediate Jurong East area, as properties positioned closer to Chinese Garden MRT may command premium rental rates relative to those requiring longer walking times. The established neighbourhood and proximity to transport make this development attractive to tenants seeking stability and commuting convenience, supporting consistent rental demand.

How does the per-square-foot pricing at 251 Jurong East Street 24 compare to recent comparable HDB transactions in Jurong East?

With a typical unit size of approximately 969 square feet at the S$499,000 price level, the implied per-square-foot cost sits around S$515 per sqft. Recent transactions across the Jurong East estate generally range from S$480–S$560 per sqft depending on the specific block, floor level, lease-remaining, and proximity to major MRT stations. Transactions in blocks closer to Jurong East MRT station itself or with longer remaining lease tenure typically command the upper end of this range, whilst properties in peripheral locations or with moderately declining lease terms trade at the lower end. Prospective buyers should request PropertyGuru or similar market data reports showing recent comparable sales in the same street and nearby blocks to validate whether the asking price for a specific unit represents fair value relative to recent arm's-length transactions.

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

Singapore Citizens acquiring a second residential property incur Additional Buyer's Stamp Duty at the rate of 20% on the purchase price, effective as of the most recent tax adjustments. On a S$499,000 purchase, this equates to an additional S$99,800 payable at the time of completion, substantially increasing the total acquisition cost beyond the headline price. Combined with standard Buyer's Stamp Duty (typically 4% on the first S$180,000 and 2% on the remaining amount), legal fees, and valuation charges, total upfront costs can reach S$125,000–S$130,000, representing approximately 25% of the purchase price. For investor-purchasers evaluating rental yield, this 20% ABSD obligation must be factored into the effective acquisition cost when calculating return on invested capital, potentially reducing net yield by 0.8–1.0% per annum depending on the holding period and assumed capital appreciation.

What lease decay risk and resale value impact should I consider given the HDB 99-year lease tenure?

As a 99-year leasehold HDB property, units at 251 Jurong East Street 24 will experience progressive lease decay—a mathematical reduction in value as the lease term contracts towards expiration. The rate of lease decay typically accelerates once remaining tenure falls below 60 years, at which point many mortgage lenders become unwilling to finance purchases, dramatically restricting the buyer pool and suppressing capital values. Prospective buyers must establish the exact construction year and remaining lease tenure before purchase; a property with 75 years remaining lease faces significantly different long-term appreciation prospects than one with 50 years remaining. For investors purchasing today with a 25–30 year holding horizon, lease decay becomes a material consideration, as the property will enter the restricted-financing zone during or shortly after the planned exit period, potentially necessitating sale to cash buyers at discounted prices.

How does the 1.1-kilometre distance to Chinese Garden MRT station affect demand, capital appreciation, and rental rates?

The approximately 13-minute walk to Chinese Garden MRT station positions this development within the "walk-to-MRT" catchment that typically supports premium valuation relative to properties requiring longer journeys. Tenants and homebuyers demonstrably prefer residing within 10–15 minutes' walk of major MRT stations, as this proximity reduces commuting friction and operating costs over multi-year leases. Properties in this distance band historically exhibit stronger capital appreciation during economic upswings and better downside protection during property cycles, as the stable transport premium persists regardless of broader market sentiment. Rental demand for three-bedroom units particularly benefits from MRT proximity, as families and professional households prioritise commuting convenience and will pay premium rental rates for properties offering this advantage. Over extended holding periods, the transport accessibility factor has proven a robust predictor of value retention and capital growth, justifying investment in Jurong East despite the presence of newer alternative estates in other planning areas.

Is 251 Jurong East Street 24 suitable for first-time homebuyers, upgraders, high-net-worth individuals, and investor profiles?

The development appeals across multiple buyer segments with differing priorities. First-time homebuyers benefit from the affordable entry price around S$499,000, enhanced CPF withdrawal entitlements, and concessional stamp duty, making this an efficient use of accumulated housing grant and CPF savings. Upgraders moving from one-bedroom or two-bedroom units to three-bedroom family configurations find the Jurong East location attractive due to established amenities and MRT connectivity without the significant price premium of newer private developments. Property investors value the consistent rental demand from professional and family tenants seeking Jurong East's secondary business district proximity and transport access, though the 20% ABSD and longer lease decay timeline require disciplined financial analysis. High-net-worth individuals seeking owner-occupancy rarely target HDB properties, preferring private residential options, but some investor-focused HNW portfolios incorporate stable HDB rental assets as yield-generating ballast in diversified real estate allocations.

What are the Total Debt Servicing Ratio (TDSR) and financing headroom implications at the typical price point of this development?

At the S$499,000 price level, assuming an 80% mortgage (approximately S$399,000) financed over 25 years at current benchmark rates around 2.8–3.2%, estimated monthly mortgage servicing would range from S$1,650–S$1,850 including property tax and maintenance contributions. TDSR regulations cap total debt servicing at approximately 60% of gross monthly household income, meaning a purchaser requires gross monthly household income of approximately S$2,750–S$3,080 to serviceably finance a mortgage at this price point. Households with combined incomes above S$10,000 monthly should pass TDSR screening comfortably, whilst first-time buyers with lower individual incomes should verify bankability before making an offer. CPF interest accruals and employer matching contributions further improve financing headroom for salaried employees, effectively reducing the cash outlay required and improving after-tax affordability relative to pure cash-purchase scenarios.

How do competing HDB developments in Jurong East compare to 251 Jurong East Street 24 in terms of location, pricing, and specifications?

The broader Jurong East estate contains multiple HDB blocks constructed across several decades, with neighbouring properties in blocks along Jurong East Street itself, Yen Chow Street, and connecting avenues offering alternative configurations. Blocks constructed more recently (e.g., within the last 10–15 years) command slightly higher per-sqft pricing due to longer remaining lease tenure and updated finishes, potentially ranging from S$550–S$600 per sqft for comparable unit sizes. Conversely, older blocks may offer lower absolute prices but carry elevated lease decay risk and smaller floor areas in some configurations. Properties positioned even closer to Jurong East MRT station (e.g., on Pioneer Road or within the immediate station catchment) command premium pricing reflecting the walk-to-MRT advantage, whilst those in peripheral Jurong East locations offer discounts. Prospective buyers should systematically evaluate recent transactions across 4–5 comparable blocks to calibrate whether 251 Jurong East Street 24's offering represents best value within the estate's geographic and specification spectrum.

Which unit stacks, floor levels, or specific locations within the development typically offer the best value and demand?

Without detailed site plans and unit allocation data, generalised principles suggest that mid-level floors (approximately 5th–12th storeys) typically offer optimal value, balancing lift-wait concerns (relevant for lower floors) against views and wind exposure that may affect older building systems in higher-storey units. Units positioned to face parks, community facilities, or quieter adjacent streets often command rental and resale premiums relative to those facing busier roads or adjacent industrial areas, so buyers should conduct site walkthroughs to evaluate orientation and external views. Corner units and those with additional windows typically appeal to tenants and future purchasers, justifying modest premium pricing. Units positioned on the sunny side of the block (generally facing north or east in Singapore's context) show lower cooling loads and reduced air-conditioning wear, translating into long-term tenant satisfaction and reduced maintenance complaints. Ground-floor and first-storey units, whilst offering convenience, attract lower rental rates in residential estates due to privacy concerns and perceived security risks, making them relatively expensive for the demand they generate.

What is the future housing supply pipeline in Jurong East and adjacent planning areas that might affect long-term capital appreciation and rental demand?

Jurong East has matured significantly, with most available land parcels either developed or earmarked for continued urban intensification rather than new large-scale residential blocks. However, the broader Jurong region including Jurong West, Boon Lay, and emerging mixed-use developments along Jurong Lake District introduces competing housing supply that may influence long-term rental and capital value trajectories. The Urban Redevelopment Authority's long-term plans identify Jurong as a growth corridor, with potential for high-rise residential intensification and commercial expansion that could modestly increase housing supply and tenant competition over the next 10–15 years. Properties at 251 Jurong East Street 24 benefit from their proximity to the established Chinese Garden MRT station and the East-West Line's historical resilience, suggesting that competitive supply growth will be offset by consistent underlying demand. Nevertheless, investors with 15+ year horizons should monitor HDB Build-To-Order launches in Jurong and adjacent areas, as a significant supply influx could moderate capital appreciation rates compared to historical estate averages, particularly for older properties with limited lease remaining.

[For Sale] Hdb Flat At 251 Jurong East Street 24 — From S$499K