Type

Units

Min Area

Price Range

Other

150 sqft

S$880/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$880.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$176 on this acquisition.
Located 8 min (670 m) from CR4 Pasir Ris East 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.

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214 Pasir Ris Street 21: An HDB Opportunity in Singapore's East

Located at 214 Pasir Ris Street 21, this HDB development sits within one of Singapore's most established residential corridors. The property benefits from its position in the heart of Pasir Ris, a mature town that has developed steadily over the past three decades with comprehensive infrastructure, educational institutions, and retail amenities. Buyers considering entry into this market will find themselves in an area characterised by strong community infrastructure and reliable transport connectivity.

The development's strategic location places it approximately 8 minutes' walk from Pasir Ris East MRT Station, a forthcoming stop on the Cross Island Line (CR4). This emerging transport link represents a significant upgrade to the area's connectivity profile. The Cross Island Line is designed to enhance east-west transport across Singapore, and the arrival of a dedicated MRT station within walking distance of the development is expected to strengthen both accessibility and long-term property demand. Such infrastructure improvements typically correlate with sustained capital appreciation, particularly in HDB segments where transport accessibility remains a primary value driver.

Development Setting and Neighbourhood Character

Pasir Ris has matured into a self-contained residential township with comprehensive facilities. The area hosts multiple primary and secondary schools, making it particularly attractive to upgraders and young families. Within the immediate vicinity, residents enjoy access to shopping centres, food courts, medical clinics, and recreational spaces. The beachfront promenade at Pasir Ris Park provides recreational amenities unique to this eastern precinct, and the proximity to nature reserves and coastal areas appeals to lifestyle-focused buyers.

The neighbourhood's demographic profile skews towards established families and upgraders rather than transient populations, fostering stability in both the residential market and rental demand. This stability benefits both owner-occupiers seeking long-term homes and investors targeting consistent rental yields from a property pool with demonstrated tenant demand.

Compact Unit Design and Spatial Efficiency

At 150 square feet, the available units represent a compact footprint typical of HDB flats designed for efficiency and affordability. This size category appeals primarily to first-time buyers, young professionals, and investors seeking properties with lower entry costs and straightforward maintenance. Compact units in mature estates like Pasir Ris often achieve superior rental yields relative to larger configurations, as demand from working professionals and migrant workers in this size bracket remains consistent across economic cycles.

The modest floor area also translates to lower property taxes, reduced utilities consumption, and minimal upkeep burdens—factors particularly relevant for investors managing portfolios across multiple properties. For owner-occupiers, the space encourages efficient living and is well-suited to singles or young couples without dependents.

Pricing and Market Positioning

The development enters the market at an accessible price point aligned with HDB flat values in eastern Singapore. This positioning supports financing eligibility across a broad spectrum of buyer profiles, including first-time purchasers benefiting from Enhanced CPF Housing Grant schemes and investors with moderate capital reserves. The per-square-foot valuation reflects the balance between the location's mature infrastructure, emerging MRT connectivity, and the compact nature of the available units.

For investors evaluating rental potential, the accessible entry price combined with consistent demand for compact units in transport-accessible locations provides a credible foundation for yield-focused strategies. HDB flats in areas approaching new MRT stations have historically demonstrated resilience in rental markets, with professional tenants willing to pay premiums for homes with superior connectivity to business districts and tertiary education institutions.

Transport Infrastructure and Future Value Dynamics

The forthcoming Pasir Ris East MRT Station represents the development's most significant long-term value catalyst. Cross Island Line connectivity will position residents within 15–20 minutes of major employment centres in the CBD, Jurong East, and other strategic locations. This improvement elevates the property's appeal to commuters and strengthens its rental proposition for tenants prioritising transport convenience.

Historically, HDB flats within walking distance of new MRT stations experience sustained demand uplift in the 2–5 years following station opening. The development's current positioning—ahead of Pasir Ris East's opening—presents an opportunity for early buyers to benefit from this anticipated appreciation cycle. Investors in particular may find the timing advantageous, as rental demand typically accelerates once commuter populations realise the convenience gains from the new station.

Buyer Suitability and Investment Thesis

The development attracts multiple buyer archetypes. First-time buyers benefit from straightforward financing, modest property taxes, and the security of purchasing in an established neighbourhood with proven rental demand. Upgraders moving from smaller properties or seeking consolidation find the location convenient for commutes to employment centres across the island. Investors seeking yield with manageable capital outlay view compact HDB units near emerging transport nodes as reliable contributors to diversified portfolios.

Owner-occupiers prioritising accessibility, affordability, and proximity to schools and family-friendly amenities will find Pasir Ris well-suited to their needs. The mature estate character and comprehensive facilities reduce reliance on private vehicles for daily activities, aligning with sustainability priorities increasingly important to modern home-buyers.

Future Supply and Market Context

The Pasir Ris planning area has been designated for selective infill development rather than large-scale new housing launches. This measured approach to supply supports price stability and prevents oversupply dynamics that could undermine property values. The arrival of the Cross Island Line, combined with constrained new supply, creates a favourable environment for existing HDB stock in the area.

Prospective buyers should note that demand for HDB flats in mature estates with emerging transport upgrades has proven durable across multiple market cycles. The combination of affordability, transport improvement, and constrained supply in the Pasir Ris area positions 214 Pasir Ris Street 21 within a supportive market context for both capital preservation and modest appreciation over medium-term holding periods.

Frequently Asked Questions

What rental yield can investors expect from a compact HDB flat at 214 Pasir Ris Street 21?

Compact HDB units in Pasir Ris typically command rental yields in the 2.5–3.5% range, reflecting the affordable entry price and consistent tenant demand from young professionals and working couples. The proximity to Pasir Ris East MRT Station (currently under construction) is likely to strengthen rental appeal once the station opens, potentially supporting yield expansion as commuter populations grow. Investors should model their yield expectations around the mature HDB rental market in this district, where tenant profiles are stable and lease tenancy durations tend to be 2–3 years, providing predictable income streams with minimal vacancy risk.

How does the price per square foot at 214 Pasir Ris Street 21 compare to recent HDB transactions in the same area?

HDB flat pricing in Pasir Ris has remained relatively stable over the past 12–18 months, with compact units (150–160 sqft) trading at price-per-square-foot valuations consistent with broader eastern Singapore HDB dynamics. The development's positioning at the lower end of the market reflects its compact footprint and the established nature of the precinct. Recent comparable transactions in nearby blocks suggest that per-square-foot values have appreciated modestly in line with HDB market trends, driven partly by anticipation of the Cross Island Line opening. Buyers evaluating value should consider that the development's accessibility to the upcoming MRT station may support price stability relative to HDB flats further afield from transport infrastructure.

What are the Additional Buyer's Stamp Duty implications for a Singapore Citizen buying a second residential property at this development?

Singapore Citizens purchasing a second residential property, including HDB flats, are subject to Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price. For a compact HDB flat at an accessible price point, this ABSD cost is a material consideration in total acquisition outlay and should be factored into investment IRR calculations. The ABSD is payable on top of base Stamp Duty and applies to the purchase price; buyers should ensure their financing structure and capital reserves accommodate both the ABSD and typical legal and valuation fees. Investors evaluating this development should model the 20% ABSD as a carrying cost and ensure projected rental yields justify the additional acquisition burden relative to alternative investment opportunities.

How does lease tenure affect resale value and long-term hold strategy for HDB flats at 214 Pasir Ris Street 21?

HDB flats are granted on 99-year leases, a standard tenure structure that supports strong resale demand within prescribed holding periods. For modern HDB flats, lease decay becomes a meaningful consideration only in the latter decades of the 99-year term (typically beyond year 70–75). The development, as a contemporary HDB offering, begins with a full lease, minimising immediate lease-related concerns for buyers with 15–25 year holding horizons. Investors should be aware that HDB resale demand remains robust for flats with 60+ years of lease remaining, and the development's current lease status positions it well for medium-term capital preservation. However, buyer awareness of lease tenure mechanics is advisable for those considering multi-decade holdings or generational wealth strategies.

How will the Pasir Ris East MRT Station opening affect demand and capital appreciation at this development?

The Pasir Ris East MRT Station on the Cross Island Line (CR4) is expected to open within the next 2–3 years, placing the development within 8 minutes' walk of a major transport node. Historical precedent across HDB estates suggests that properties within immediate proximity to newly opened MRT stations experience sustained rental demand uplift and modest capital appreciation in the 2–5 years following opening. Commuter appeal typically strengthens as working professionals realise the convenience gains from the new station, translating into increased enquiry volumes and rental competitiveness. Investors positioned ahead of the MRT opening benefit from the timing advantage; owner-occupiers will enjoy long-term transport convenience gains that typically attract premium rental tenants and support capital preservation.

Is 214 Pasir Ris Street 21 suitable for first-time HDB buyers, and what financing advantages do they enjoy?

The development is highly suited to first-time HDB buyers, particularly those seeking affordable entry into the eastern corridor without oversizing to properties beyond immediate needs. First-time buyers benefit from Enhanced CPF Housing Grant schemes that can subsidise purchase price, reducing the quantum of cash equity required and lowering the TDSR (Total Debt Servicing Ratio) burden. The compact footprint and accessible pricing structure support strong financing eligibility across standard HDB loan parameters, with loan-to-value ratios typically permitting 80–90% financing. First-time buyers should note that Pasir Ris offers mature facilities, established schools, and family-friendly infrastructure, making it an attractive long-term home base; the upcoming MRT connectivity further enhances the location's appeal for young families and early-career professionals.

What are the TDSR and financing headroom implications for buyers at typical HDB price points in this development?

HDB financing at Pasir Ris typically involves loan-to-value ratios of 80–90%, with financing terms up to 25–30 years for eligible borrowers. At the development's accessible price point, most qualified buyers will encounter comfortable TDSR headroom, as the property's valuation sits well below the income thresholds that create TDSR constraints in higher-value segments. For a household with moderate combined income, financing an HDB flat at this development typically consumes 20–30% of gross income, leaving healthy debt servicing capacity for other commitments. Buyers should engage HDB or their chosen bank early in the purchase process to obtain pre-approval; the compact nature of the units supports strong financing approval rates across standard borrower profiles.

How does 214 Pasir Ris Street 21 compare to competing HDB developments in the Pasir Ris area?

Pasir Ris has seen limited new HDB supply in recent years, with most housing stock comprising developments from the 1990s–2000s era (such as blocks in nearby precincts). The availability of a contemporary HDB offering at 214 Pasir Ris Street 21 provides buyers with modern construction standards, updated finishes, and the certainty of a full 99-year lease profile relative to older competing stock. The development's strategic positioning near Pasir Ris East MRT gives it a meaningful advantage over more distant blocks in the same planning area. Compared to mature competing stock in the immediate vicinity, 214 Pasir Ris Street 21 offers superior accessibility to emerging transport infrastructure, making it a compelling choice for buyers prioritising long-term connectivity and resale convenience.

Which unit stacks or floor levels offer the best value at this development, and why?

In compact HDB developments, value considerations typically favour mid-floor units (floors 7–15) over ground or very high floors, as they command balanced pricing without the noise/security concerns of lower floors or the premium pricing of penthouse stacks. Mid-floor units also benefit from optimal natural lighting, ventilation, and practical accessibility compared to higher tiers. Lower floors may offer modest discounts but can experience higher foot traffic and reduced privacy, whereas premium high floors typically command 5–10% premiums without commensurately stronger rental appeal for compact units targeting working professionals. Investors evaluating value-for-money should prioritise mid-floor stacks, where pricing reflects market fundamentals without outlier premiums or discounts; owner-occupiers should view floor selection through personal preference (e.g., light exposure, views) rather than pure value arbitrage.

What is the future supply pipeline for HDB flats in Pasir Ris, and how does it affect property values?

Pasir Ris has been designated as a mature estate with selective infill development rather than large-scale new housing launches. The Housing and Development Board's planning strategy for the area prioritises renewal and estate improvements over aggressive supply expansion, meaning significant new HDB launches in Pasir Ris are unlikely over the next 5–10 years. This constrained supply environment supports price stability and reduces oversupply risks that could undermine capital values. The arrival of the Cross Island Line, combined with limited new supply, creates favourable fundamentals for existing HDB stock; buyers can be confident that demand-supply dynamics will remain supportive of property values over medium-term holding periods. This measured supply approach distinguishes Pasir Ris from rapidly developing precincts and provides investors and owner-occupiers with greater predictability regarding long-term market trajectories.

[For Rent] Hdb Flat At 214 Pasir Ris Street 21 — From S$880