Type

Units

Min Area

Price Range

4 BR

1238 sqft

S$880K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$880K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$176K on this acquisition.

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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104B Depot Road HDB Flat – Established Family Living in a Mature Neighbourhood

104B Depot Road presents an opportunity to acquire well-maintained HDB housing stock in one of Singapore's more established residential precincts. This development offers a selection of multi-room configurations that cater to families and owner-occupiers seeking practical, spacious accommodation in a neighbourhood with proven staying power and strong community infrastructure.

The housing units at this address come in thoughtfully planned layouts, with generous internal floor areas that exceed many of the older HDB stock configurations across the island. Each flat features multiple bedrooms and bathrooms, making them particularly attractive to upgraders moving from smaller units or first-time buyers seeking room to grow. The overall construction and finish reflect the standards of mature HDB developments, providing solid bones and reliable structural integrity that appeals to long-term occupants.

Location and Neighbourhood Character

Depot Road sits within a well-established residential zone that has matured over several decades. The neighbourhood benefits from the kinds of grassroots infrastructure and community services that define stable, established enclaves—including neighbourhood centres, hawker facilities, and local retail strips that cater to day-to-day needs. Residents enjoy convenient access to a range of essential services without relying entirely on private transport or lengthy commutes.

The broader district is characterised by low-rise residential development interspersed with community spaces, creating a neighbourhood rhythm that many families find appealing. Schools, community clubs, and recreational facilities are woven into the local fabric, supporting multigenerational living patterns. The relative quietness of the area, compared to more intensively developed zones, often appeals to those prioritising residential amenity over urban buzz.

Pricing and Market Position

Units at 104B Depot Road are available from approximately S$880,000 and upwards, depending on configuration and floor level. This pricing places the development within reach of upgraders and families seeking larger floor plates without venturing into the private property market, where entry-level costs would be substantially higher. The price-per-square-foot positioning reflects the established character of the neighbourhood and the size of the units on offer.

For buyers evaluating value in the resale HDB market, pricing at this development should be contextualised against comparable transactions in the immediate area. The per-square-foot metric is a useful guide—comparing recent sales of similar-sized units in nearby blocks will provide a realistic benchmarking point. Stronger floor levels and higher storeys typically command modest premiums, though the overall development profile remains consistent with established HDB pricing patterns in this part of the island.

Suitability for Different Buyer Profiles

This development serves several distinct buyer cohorts effectively. Upgraders moving out of smaller 3-room or 4-room flats into larger family housing will find the space and facilities compelling. Young couples anticipating children or expanding family sizes benefit from the multiple-bedroom configurations. Owner-occupiers seeking stability and established community infrastructure, rather than new-launch allure, find strong appeal in the mature neighbourhood context.

Investors evaluating the property as a buy-to-let asset must calibrate expectations against long-term appreciation and rental yield potential. HDB rentals are subject to HDB's own regulations, including occupancy periods and tenant-eligibility criteria. The established neighbourhood status supports consistent rental demand from young professionals and small families unable or unwilling to purchase, though yield projections must factor in HDB rental caps and the long-term lease decay trajectory inherent in all leasehold housing.

Lease Tenure and Long-Term Value Considerations

Like all HDB flats, units at 104B Depot Road operate under a leasehold tenure structure. The remaining lease period is a material factor in financing and resale prospects—as leases age below 80 years, mortgage availability tightens and buyer pools shrink. Prospective purchasers must obtain the precise lease commencement date and remaining years before committing, as this directly impacts bank loan eligibility and future marketability.

Lease decay is an inherent feature of all HDB flats. As properties age and lease terms shorten, resale values typically soften unless the HDB implements renewal or extension schemes. Long-term holders should be comfortable with the reality that appreciation potential moderates over the holding period, and that near-end-of-lease flats become progressively harder to sell or refinance. This reality is particularly relevant for investors—purchasing near the start of a lease cycle offers better long-term capital protection than acquiring stock already several decades into a 99-year term.

Financing and Buyer Eligibility

HDB flats are accessible to Singapore Citizens and Permanent Residents meeting HDB's eligibility criteria. Financing typically comes through HDB loans or bank mortgages, both of which offer competitive rates relative to private property. HDB loans, in particular, often feature lower interest rates and more lenient debt-service-ratio (TDSR) treatment compared to bank products, making larger properties more achievable within monthly affordability bands.

For second-property purchases by Singapore Citizens, Additional Buyer's Stamp Duty (ABSD) is payable at the current rate of 20% on the purchase price. This materially increases the cash outlay required and should be factored carefully into acquisition costs. First-time buyers and permanent residents acquire without ABSD, making them more financially efficient purchasers of HDB stock. Upgraders selling an existing HDB property concurrent with purchase may be eligible for remission of ABSD, depending on timing and HDB's current policies—professional conveyancing advice is essential.

Amenities and Community Facilities

The neighbourhood surrounding 104B Depot Road includes typical HDB precinct amenities—community centres, neighbourhood police posts, and multipurpose halls that support regular community programming. Local hawker centres and small retail nodes provide everyday dining and shopping needs without requiring trips to regional malls. Primary and secondary schools serving the area are accessible by short bus rides or walking, reducing commute times for school-age children.

Recreational facilities within the broader estate include void-deck spaces used for informal community gatherings, and often exercise equipment for resident use. The maturity of the neighbourhood means that generational social networks often remain deeply embedded, with long-standing residents providing informal support structures particularly valued by families with young children or elderly parents living in proximity.

Transport Connectivity

Proximity to MRT stations and bus corridors materially influences desirability and long-term capital appreciation in HDB precincts. Residents at 104B Depot Road benefit from established bus networks serving the area, with multiple routes connecting to regional centres, employment nodes, and interchange stations. While the immediate neighbourhood may not be within walking distance of an MRT station, the bus connectivity and overall area stability often appeal to those prioritising residential tranquility over rapid transit access.

Transport planning and future rail extensions in the district are worth monitoring—any MRT development nearby could significantly enhance property values and rental demand. Prospective buyers should review LRT and MRT expansion plans published by the Land Transport Authority to understand whether connectivity improvements are likely within their holding horizon.

Investment Yield and Rental Market Dynamics

For investors evaluating rental yield, HDB flats generate returns through tenant rent payments, subject to HDB's rental regulations and approved-tenant criteria. Typical gross rental yields on HDB stock range between 2.5% and 4% depending on unit size, location, and lease remaining—larger, newer, or better-positioned units tend to command higher yields. Expenses including property tax, maintenance contributions, and potential periods of vacancy must be netted against gross rental income to determine true yield.

Rental demand for HDB flats remains steady, supported by young professionals, expat workers ineligible for HDB purchase, and downturners from private housing seeking lower costs. Neighbourhood maturity and established amenities support consistent demand, though yields are ultimately capped by HDB's rental guidelines and the regulatory framework governing occupancy. Investors should model scenarios conservatively—assuming realistic vacancy windows and factoring in the long-term lease decay impact on rental command.

Comparative Market Context

The HDB resale market for larger flats in mature neighbourhoods remains competitive, with multiple precincts across the island offering comparable 4-room and 5-room stock at broadly similar price points. Pricing at 104B Depot Road should be benchmarked against equivalent units in nearby blocks and comparable estates to ensure fair-value acquisition. Subtle differences in remaining lease length, floor height, and flat orientation can create meaningful price variance, so detailed unit-by-unit comparison is prudent before committing.

Buyers should also remain aware of any new HDB launches planned for the district or surrounding areas. Significant new supply could moderate resale values or rental momentum, particularly if new units offer superior facilities or shorter remaining leases. Checking the HDB's forward-development pipeline and understanding broader neighbourhood supply dynamics helps contextualise long-term appreciation prospects.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 104B Depot Road as an investment property?

Gross rental yields on HDB flats of this size typically range between 2.5% and 4% annually, depending on remaining lease length, unit configuration, and proximity to MRT or major bus corridors. For units at 104B Depot Road, you should project yields at the more conservative end of this spectrum—around 2.5% to 3%—given the established neighbourhood context and distance from rapid transit. After accounting for HDB property tax (generally 4% to 6% of annual value), maintenance contributions, and realistic vacancy periods, net yields often compress to 1.5% to 2.5%. HDB rental regulations cap how much rent you can charge and restrict which tenant profiles are eligible, so rental income is generally more stable but lower than private property equivalents. Long-term investors must also factor in lease decay—as the remaining lease shortens below 80 years, both rental command and capital values soften, progressively eroding overall investment returns.

How does the per-square-foot pricing at 104B Depot Road compare to recent resale transactions in the same area?

Without access to real-time transaction data, a precise per-square-foot comparison requires checking recent HDB resale registrations published by the Inland Revenue Authority of Singapore (IRAS) or HDB's own transaction records for the immediate neighbourhood. However, at approximately S$880,000 for units of roughly 1,238 sqft, the implied per-square-foot pricing sits around S$710 to S$730, which typically reflects established HDB stock in mature precincts. To verify fair value, obtain recent comparable sales of 4-room and 5-room flats from the same block or within 200 metres, noting any variance attributable to floor level, flat orientation, and remaining lease. Properties with identical remaining lease terms and floor heights provide the most reliable benchmarking—prices can shift 5% to 10% based on these factors alone. Engaging a conveyancer or property agent to pull transaction comps is prudent before making an offer, ensuring you're not overpaying relative to recent precedent.

What are the Additional Buyer's Stamp Duty implications if I'm buying a second residential property at 104B Depot Road?

If you are a Singapore Citizen purchasing a second residential property, you are liable for Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price. For a property at the S$880,000 price point, this equates to S$176,000 in ABSD—a material additional cost that must be factored into total acquisition spend. This duty is payable at the same time as standard Stamp Duty, within 14 days of the instrument of transfer. However, if you are an upgrader selling an existing HDB flat concurrently with your purchase, you may be eligible for ABSD remission provided specific conditions are met—the HDB must approve the concurrent purchase-and-sale, and you must not retain ownership of the previous property beyond a certain window. First-time buyers purchasing their first residential property are exempt from ABSD entirely. Permanent Residents and foreigners face even higher duties (25% to 60% depending on status), so citizenship and property-ownership history are critical to understanding your true acquisition cost.

What lease decay risk should I consider, and how does it affect long-term resale value at 104B Depot Road?

All HDB flats in Singapore operate under 99-year or 999-year leases; you must establish the precise remaining lease term before purchase by requesting the HDB lease document. The remaining lease is one of the most material factors affecting both current resale value and future marketability. As a general principle, properties with remaining lease below 80 years experience progressively softer resale values and tighter mortgage availability—banks begin restricting loan tenure relative to remaining lease, and buyer pools shrink as institutional investors and risk-averse owners avoid near-end-of-lease stock. A 99-year lease from 2008 now has approximately 81 years remaining, for example, which sits right at the inflection point where financing and buyer demand begin to soften. Long-term holding of HDB stock at 104B Depot Road requires comfort with the reality that appreciation potential moderates significantly in the second half of the lease term—capital gains from the property's market value gains will likely be modest or flat after 60 or 70 years into the lease. The HDB has occasionally introduced lease extension or renewal schemes, but these remain uncertain and should not be relied upon in financial projections.

How does proximity to the nearest MRT station affect demand and capital appreciation for properties at 104B Depot Road?

Distance to MRT is a primary determinant of HDB property values and rental demand; properties within a 10-minute walk to a station typically command 5% to 15% premiums over comparable stock further out. If 104B Depot Road is not immediately adjacent to rapid transit, its appreciation profile will be more modest than central or MRT-proximate precincts, and rental demand may be tilted toward car owners or those comfortable with bus commutes. However, established bus corridors and neighborhood maturity can partially offset MRT distance—areas with frequent, reliable bus service sustain consistent rental demand and stable pricing even without rail access. You should monitor the Land Transport Authority's long-term transport master plan for any planned MRT extensions to your neighbourhood; a new station opening within 500 metres could meaningfully re-rate the area and accelerate appreciation. In the interim, pricing at 104B Depot Road likely reflects the current transport reality—if MRT distance is a deal-breaker for your lifestyle, it may depress capital gains relative to more transit-rich precincts.

Is 104B Depot Road suitable for different buyer profiles—HNW individuals, upgraders, first-timers, and investors?

104B Depot Road serves multiple buyer cohorts, though suitability varies. First-time buyers benefit from lower HDB loan rates and exemption from ABSD, making larger units more affordable than private property; the stable neighbourhood and community infrastructure appeal to this demographic. Upgraders moving from 3-room to 4-room or 5-room units find compelling value and space gains; the established area offers a comfortable lifestyle without requiring new-launch premium pricing. Young families seeking larger accommodation and owner-occupier stability are well-served, particularly if they plan to hold long-term. For high-net-worth individuals, HDB stock typically offers modest returns relative to private property or commercial alternatives; unless purchasing as a legacy asset or lifestyle choice, HNW buyers usually find better risk-adjusted returns elsewhere. Investors must contend with regulated rental ceilings, lease decay, and capped yields—only disciplined value investors comfortable with 2% to 3% net returns should view this as a core holding. In summary, 104B Depot Road is a solid choice for owner-occupying families and disciplined upgraders; it is less compelling for speculative traders or yield-chasing institutional investors.

What TDSR headroom and financing availability can I expect at typical price points for units at 104B Depot Road?

Typical Debt Service Ratio (TDSR) limits cap monthly housing debt at 55% of your gross monthly income; using a property price of S$880,000 with a 30-year mortgage at prevailing rates, this translates into a required gross monthly income of approximately S$13,000 to S$14,000 to service the loan comfortably within TDSR guidelines. HDB loan products often feature more lenient TDSR treatment than banks and lower interest rates—HDB loans are particularly generous for younger borrowers or first-time buyers, sometimes allowing TDSR up to 60%. Bank mortgages are more stringent, typically capping at 55% and excluding some forms of income from the calculation. For second-property acquisitions, additional capital is required upfront to cover the 20% ABSD (S$176,000), which materially increases liquidity requirements beyond the down payment. If you are financing via HDB loan, the full ABSD amount must be paid in cash on or before completion—this cannot be financed. Borrowers should obtain a pre-approval statement from their preferred lender before making an offer, confirming available loan quantum and monthly obligations at the price point you're pursuing.

How does 104B Depot Road compare to nearby competing HDB developments in terms of price and amenities?

HDB developments in the same district typically offer comparable pricing within a 5% to 10% band, provided remaining lease and unit size are similar; price variation usually reflects floor level, flat orientation, remaining lease length, and proximity to neighbourhood centres or hawker facilities. To perform a rigorous comparison, identify 3 to 4 nearby blocks of similar age and unit count, then source recent resale transactions for equivalent flat types—this establishes a realistic pricing band and ensures you're not overpaying at 104B Depot Road. Amenities—hawker centres, community clubs, neighbourhood shops—are often similar across the precinct since they're planned and maintained on a broader estate basis. The key differentiators are typically internal factors: is the specific block well-maintained, are lift lobbies clean and secure, is the void deck actively used, and is there visible upkeep of common areas? Visiting the block at different times of day—morning, afternoon, evening—gives a sense of the resident community and general neighbourhood vitality, which influences long-term holding appeal and rental demand. Avoid making a decision based on list price alone; focus on objective comparables and intrinsic neighbourhood stability.

Which unit stack or floor level at 104B Depot Road typically offers the best value for money?

In HDB developments, middle floors (typically storeys 5 to 15 in a 20-storey block) usually offer the optimal balance of price and livability. Lower floors (1 to 4) often command small discounts due to perceived noise, fumes, and reduced privacy, though they eliminate lift dependency for elderly residents or those with mobility challenges—this can paradoxically make lower units attractive to specific demographics despite lower market pricing. Higher floors (15+) command premiums for perceived better air quality, views, and reduced noise, but these premiums often exceed the genuine utility gain, especially in mature precincts where surrounding buildings limit views. Middle-floor units typically represent fair value—you capture a reasonable floor-height premium without overpaying for marginal gains. Additionally, middle-floor units tend to rent more readily since tenants value the balance of sunlight, ventilation, and practical convenience. Corner units and units with street-facing windows may command 2% to 5% premiums if the orientation is favourable, but this depends on local street patterns and whether the view is genuinely appealing or simply overlooking a carpark. Request a floor plan and site diagram from the HDB before committing, and visit sample units on different storeys to form a personal sense of the view and ambience.

What is the future supply pipeline in this district, and how might it affect property values at 104B Depot Road?

Substantial new HDB supply in a neighbourhood can moderate resale prices and rental demand, particularly if new units offer superior facilities, shorter remaining leases, or more attractive floor plans. You should check the Housing and Development Board's official development pipeline and any published plans for new launches in the same precinct or immediately adjacent areas over the next 5 to 10 years. If multiple new blocks are planned nearby, this may suppress appreciation in existing older stock—buyers will naturally gravitate toward new units with longer leases and contemporary specifications. Conversely, if the district is relatively mature with minimal planned new supply, existing stock like 104B Depot Road may appreciate more steadily as scarcity value accrues. Urban renewal or estate upgrading programmes (including potential lift upgrading or facade improvements funded by the HDB) can enhance values, though these are announced only periodically. Broader infrastructure projects—MRT extensions, new commercial nodes, or school relocations—also shape long-term neighbourhood trajectory. Before committing to a purchase, spend 10 minutes on the HDB website reviewing the current development plan and any public announcements regarding district-level initiatives; this simple step provides crucial context for your investment horizon and appreciation expectations.

[For Sale] Hdb Flat At Depot Road — From S$880K