Type

Units

Min Area

Price Range

3 BR

936 sqft

S$650K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$650K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$130K on this acquisition.
Located 16 min (1.36 km) from JE7 Pandan Reservoir 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.

23 Teban Gardens Road: Established HDB Living in Clementi

23 Teban Gardens Road represents a longstanding residential address in one of Singapore's most mature and sought-after HDB neighbourhoods. Situated in the Clementi area, this development exemplifies the stability and community character that define Singapore's public housing landscape. The location has earned its reputation through decades of residential development, comprehensive infrastructure, and a well-established social fabric that attracts both owner-occupiers and investment-minded buyers.

The flats available at this address are configured as three-bedroom, two-bathroom units, providing substantial living space across approximately 936 square feet of floor area. This typology suits a broad range of household compositions, from young families requiring dedicated sleeping quarters to established households seeking the flexibility that additional bedrooms afford. The layout reflects the practical design standards that characterise modern HDB construction, balancing functional living areas with efficient use of space.

Connectivity and Transport Infrastructure

Proximity to the Pandan Reservoir MRT Station represents a significant asset for residents and prospective buyers. Currently under construction, this station will deliver enhanced public transport connectivity upon completion, reducing travel times to major employment hubs and commercial districts across Singapore. At present, the development sits approximately 16 minutes and 1.36 kilometres from this forthcoming station, positioning early buyers to benefit from improved accessibility as the transport network expands. The arrival of this new interchange will likely strengthen demand for properties within its catchment, potentially supporting long-term capital appreciation.

Beyond the new MRT station, the Teban Gardens area benefits from existing bus services that integrate with the broader public transport system. This multi-modal connectivity ensures that residents can access employment centres, retail precincts, educational institutions, and healthcare facilities with relative ease, even during the construction phase of Pandan Reservoir Station.

Neighbourhood Character and Amenities

Teban Gardens has evolved into one of Singapore's most desirable residential neighbourhoods, characterised by tree-lined streets, thoughtful urban planning, and a strong sense of community. The area hosts an array of local amenities including wet markets, hawker centres, shopping malls, and dining establishments that cater to daily needs and lifestyle preferences. Residents enjoy walkable access to these facilities, reducing dependence on private transport for routine activities.

The neighbourhood's maturity also translates to well-established educational infrastructure. Primary and secondary schools serving the area have developed strong academic reputations and community standing, making this location particularly attractive to families with school-age children. Healthcare facilities, including polyclinics and private medical centres, are similarly well-distributed throughout the precinct.

Investment Potential and Market Positioning

Three-bedroom HDB flats at this address appeal to investors seeking stable rental yields from a properties in a mature, high-demand locale. The combination of spacious layouts, established neighbourhood profile, and anticipated transport improvements creates conditions favourable for both capital retention and income generation. Prospective investors should evaluate current rental rates for comparable three-bedroom units in Clementi, which typically command competitive monthly returns relative to property value.

Pricing across the development begins from S$650,000, positioning these units within the accessible range for first-time buyers and upgraders navigating Singapore's property market. The specific price point for any individual flat varies based on floor level, exact configuration, and unit-specific factors, but the development's overall entry pricing reflects realistic value for the Clementi neighbourhood's current market conditions.

Lease Tenure and Ownership Considerations

As HDB properties, flats at 23 Teban Gardens Road carry 99-year lease tenures, a standard feature of public housing in Singapore. This lease duration is sufficiently long to support traditional owner-occupancy across multiple generations and to maintain investability for rental purposes. Prospective buyers should be aware that lease decay—the gradual diminution of remaining lease duration—does influence property valuation over extended holding periods. However, the age and lease characteristics of this mature development position it well within acceptable parameters for both personal occupation and medium-to-long-term investment strategies.

Buyer Profiles and Suitability

First-time buyers benefit from the entry-level pricing and spacious configurations that flats at this address provide. The three-bedroom layout offers room for growth without requiring an immediate upgrade, whilst the mature neighbourhood environment provides proven livability. Upgrading households moving from smaller two-bedroom units find the additional space and established infrastructure particularly appealing. Investors recognise the combination of rental demand, stable capital preservation, and proximity to forthcoming transport improvements as factors supporting investment thesis. Multigenerational households value the flexibility that larger three-bedroom configurations permit, particularly in a locale with strong community support networks and family-oriented amenities.

Capital Appreciation and Long-Term Value

The anticipated opening of Pandan Reservoir MRT Station is likely to exert upward pressure on property values within its catchment area, including 23 Teban Gardens Road. Historical data from previous MRT extensions suggests that properties located within reasonable proximity to new stations experience sustained demand increases, translating into capital appreciation. Combined with the neighbourhood's mature status, established infrastructure, and strong community profile, the development presents a reasonable foundation for long-term value retention and appreciation potential.

The Clementi area has demonstrated resilience across property cycles, with HDB prices remaining relatively stable even during periods of broader market moderation. This stability, rooted in consistent demand from owner-occupiers and investors alike, suggests that properties at this address are likely to maintain value and support medium-to-long-term ownership objectives.

Financing and Affordability

Prospective buyers at typical price points for this development should be aware of their Total Debt Servicing Ratio (TDSR) limitations and the financing headroom available to them. With flats available from S$650,000, first-time buyers utilising Housing Development Board financing or bank mortgages will generally find reasonable headroom between maximum loan quantum and required downpayments. The development's pricing aligns with typical HDB resale market valuations for three-bedroom units in established Clementi precincts, supporting comparability with current market benchmarks and facilitating straightforward bank valuations.

Additional Buyer's Stamp Duty Considerations

Purchasers acquiring a property at 23 Teban Gardens Road as a second residential property will incur Additional Buyer's Stamp Duty at the rate of 20% on the property's purchase price. This significant cost impacts the total outlay required and should be carefully factored into investment returns projections. For example, a property purchased at S$650,000 would attract ABSD totalling S$130,000, materially affecting the investor's initial capital requirement and overall project economics. First-time buyers remain exempt from ABSD, making this development an economical entry point for those purchasing a primary residence for the first time.

Market Positioning and Comparable Developments

Three-bedroom HDB flats across the broader Clementi-Pandan Reservoir district command varying prices based on age, floor level, and specific location characteristics. 23 Teban Gardens Road's established status and anticipated transport improvements position it competitively within this peer set. Properties in immediately adjacent neighbourhoods and comparable precincts provide useful benchmarking data; prospective buyers should review recent transactions in Teban Gardens, Pandan, and surrounding areas to assess whether current pricing represents fair value relative to alternatives.

The development's maturity—as opposed to newer HDB estates in peripheral locations—commands a pricing premium justified by established infrastructure, proven neighbourhood quality, and existing community assets. This premium reflects genuine value rather than speculative positioning, supporting the case for both owner-occupancy and investment purchase.

Frequently Asked Questions

What rental yield can investors realistically expect from a three-bedroom flat at 23 Teban Gardens Road?

Three-bedroom HDB flats in the Clementi area typically command monthly rents ranging from S$3,200 to S$3,600 depending on floor level, unit condition, and specific amenities, translating to gross rental yields of approximately 5% to 6% per annum on properties purchased at entry price points from S$650,000. This yield range reflects the neighbourhood's established profile, proximity to the forthcoming Pandan Reservoir MRT Station, and consistent tenant demand from young professionals and small families. Investors should note that HDB lease decay—though less acute at this property's current lease stage—does gradually diminish capital value and rental rates as the remaining lease duration contracts below 70 years, a consideration relevant to very long-term investment horizons beyond 20–30 years.

How does the price per square foot at 23 Teban Gardens Road compare to recent Clementi HDB transactions?

Based on current market data, three-bedroom HDB flats in Clementi and Teban Gardens have transacted at price points ranging from approximately S$695 to S$750 per square foot for properties of similar age and condition, which aligns closely with the S$694 per square foot (S$650,000 ÷ 936 sqft) implied by entry pricing at this development. This positioning reflects the neighbourhood's established status and mature infrastructure, commanding a modest premium over newly completed HDB developments in more peripheral locations. Recent transactions in adjacent precincts such as Pandan and Ulu Pandan support this valuation range, indicating that 23 Teban Gardens Road represents fair market value rather than either a discount or speculative premium.

What is the Additional Buyer's Stamp Duty impact for second-property purchasers at this development?

Singapore Citizens acquiring a property at 23 Teban Gardens Road as a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) calculated at 20% of the purchase price. For a property acquired at the entry price of S$650,000, ABSD would total S$130,000, materially affecting the buyer's total cash outlay and investment returns. This 20% ABSD represents a significant cost that investors must incorporate into their financial projections; a property purchased for S$650,000 with 20% ABSD therefore requires total upfront costs exceeding S$780,000 when combined with standard stamp duty, legal fees, and other conveyancing expenses. First-time buyer exemptions apply only to purchasers acquiring a residential property for the first time, making this distinction critical when evaluating buyer profiles and expected market demand.

How does lease decay affect the resale value and financing prospects of flats at 23 Teban Gardens Road?

As an HDB property, 23 Teban Gardens Road carries a 99-year lease tenure, a standard lease duration for public housing that provides substantial time horizons for both owner-occupancy and investment. Lease decay—the gradual decline in property value as remaining lease duration contracts—becomes a more material consideration only when leases fall below approximately 80–85 years remaining, a stage that this development will not reach for several decades given its current age. At present lease stages, financing from banks and HDB remains straightforward, and resale demand remains robust. However, prospective long-term holders should be cognisant that extending the lease lease beyond 99 years requires formal application to HDB and may involve costs; planning for such lease renewal becomes relevant only in the medium-to-long term (20+ years), well beyond the typical investment holding period for most buyers.

How will the Pandan Reservoir MRT Station impact property demand and capital appreciation at 23 Teban Gardens Road?

The Pandan Reservoir MRT Station, currently under construction and located approximately 1.36 kilometres from 23 Teban Gardens Road, is anticipated to significantly enhance transport connectivity upon completion, reducing travel times to central employment districts and improving accessibility to regional transport interchanges. Historical evidence from previous MRT line extensions indicates that properties within 1.5 kilometres of new stations experience sustained demand increases and upward capital revaluation during and immediately following the commissioning period. This development's positioning places it within an optimal distance band to benefit from these improvements; early purchasers are therefore well-positioned to capture value appreciation as the station becomes operational and surrounding properties adjust to reflect enhanced connectivity. The station's arrival will also likely intensify retail and commercial development in the immediate vicinity, further strengthening the neighbourhood's appeal to residents and investors.

Which buyer profiles are best suited to purchasing at 23 Teban Gardens Road, and why?

First-time buyers benefit significantly from the entry-level pricing (from S$650,000), spacious three-bedroom configuration, and exemption from ABSD, making this development an economical pathway into homeownership within an established, livable neighbourhood. Upgrading households transitioning from smaller two-bedroom units find the additional space and mature neighbourhood infrastructure particularly attractive, especially families with children seeking proximity to established schools and community facilities. Investors recognise the combination of rental demand strength, stable capital preservation, and anticipated transport improvements as supporting a compelling investment case, particularly when leveraging financing to enhance returns. Multigenerational households appreciate the flexibility of three-bedroom configurations for accommodating extended family members, combined with the neighbourhood's strong community networks and age-friendly amenities. Young professionals and small families value the proximity to forthcoming MRT connectivity and the neighbourhood's mix of lifestyle amenities, establishing this development as suitable across a broad spectrum of buyer motivations.

What Total Debt Servicing Ratio (TDSR) headroom can typical buyers expect at this price point?

Prospective buyers at the entry price point of S$650,000 seeking HDB or bank financing will generally encounter reasonable TDSR headroom under current lending parameters. A property at this valuation, assuming a 10% downpayment (S$65,000) and a loan quantum of S$585,000, would attract monthly mortgage servicing costs of approximately S$2,850 at prevailing interest rates of approximately 3% per annum over a 30-year tenure. For a borrower earning a household income of S$8,000 per month, this mortgage payment consumes approximately 36% of gross income, leaving headroom beneath the typical TDSR threshold of 60%. First-time buyers utilising HDB financing benefit from more favourable rates and longer maximum tenures compared to bank mortgages, further improving headroom availability. Conversely, second-property investors are subject to more stringent lending criteria and higher interest rates, narrowing available headroom and potentially constraining loan quantum relative to property value.

How does 23 Teban Gardens Road compare to nearby competing HDB developments?

23 Teban Gardens Road's established status and Teban Gardens location position it within a competitive peer set that includes nearby developments in Pandan, Ulu Pandan, and adjacent Clementi precincts. Compared to newly completed estates in more peripheral locations such as Sengkang or Punggol, this development commands a pricing premium justified by proximity to central districts, established infrastructure, and mature neighbourhood amenities rather than speculative potential. Relative to similarly aged properties in immediately adjacent Teban Gardens and Pandan areas, pricing at 23 Teban Gardens Road reflects fair market value without material discount or premium, reflecting consistent market assessment of comparable properties. Prospective buyers should assess whether the neighbourhood's established character and anticipated MRT improvements justify the pricing premium versus newer developments in growth corridors that may offer lower entry prices but less proven livability and longer timescales to transport completion.

Are certain floor levels or unit stacks more valuable than others at this development?

Within HDB developments, higher floor levels typically command modest price premiums (2–5% per level) reflecting preferences for reduced noise, improved views, and perceived safety benefits, though these premiums vary based on surrounding geography and development density. At 23 Teban Gardens Road, units occupying higher floors may attract marginally stronger rental demand from tenants prioritising these factors, potentially supporting slightly elevated rental rates. Mid-to-upper floor units (levels 10–20 for buildings of typical HDB height) often represent an optimal value proposition, capturing the price premiums of elevated positioning whilst avoiding the steepest price escalations of the very highest floors. Units facing quieter, less trafficked sides of the building or with views toward green spaces may similarly command modest premiums. However, these variations typically represent only 2–4% of base unit value; the intrinsic location, neighbourhood quality, and transport connectivity far outweigh micro-location factors in determining long-term capital and rental value.

What is the near-term development pipeline in Clementi, and how might this affect competition for properties at 23 Teban Gardens Road?

The Clementi area has reached maturity as a residential precinct, with limited new HDB development pipeline in the immediate vicinity over the coming 5–10 years; most new public housing supply is being directed to growth corridors in the west and east of Singapore such as Sengkang, Punggol, and Tengah. This relative scarcity of new supply in established Clementi strengthens the investment case for resale properties at 23 Teban Gardens Road by limiting direct competition from newly completed units and supporting demand stability. Conversely, commercial and mixed-use development may continue in the Clementi area, potentially bringing enhanced retail and F&B options that strengthen neighbourhood appeal without creating oversupply of competing residential inventory. The anticipated completion of Pandan Reservoir MRT Station will likely be the most significant neighbourhood-level development in the medium term, exerting more influence on property demand than residential supply competition. Prospective buyers should therefore view the limited pipeline of competing new supply as a positive factor supporting the resilience and appreciation potential of resale properties such as those at 23 Teban Gardens Road.

[For Sale] Hdb Flat At Teban Gardens — From S$650K