Type

Units

Min Area

Price Range

3 BR

1077 sqft

S$588K – S$680K

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$588K to S$680K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$118K 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?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

290G Bukit Batok Street 24: A Mature HDB Development in One of Singapore's Most Established Residential Areas

290G Bukit Batok Street 24 represents a compelling opportunity within Singapore's established public housing landscape. This development sits at the heart of Bukit Batok, a mature district that has earned a strong reputation for stability, community vibrancy, and reliable capital appreciation over decades. The property offers three bedrooms and two bathrooms across a generous 1,302 square feet of internal space, providing ample room for families seeking comfortable, modern living without the premium pricing of newer private developments.

The Bukit Batok area has long been favoured by multi-generational families, young upgraders moving from smaller units, and savvy investors recognising the district's resilience and consistent demand. The neighbourhood boasts comprehensive infrastructure, including multiple shopping centres, wet markets, hawker stalls, and healthcare facilities within immediate proximity. Schools serving various educational levels are well-distributed throughout the vicinity, making this location particularly attractive for families with children of different ages.

Location and Accessibility

Bukit Batok's position within the broader western Singapore context provides residents with commuting flexibility. The district is served by complementary transport options that facilitate movement across the island, and the neighbourhood's maturity means that daily essentials—groceries, dining, retail, and recreational amenities—are deeply embedded within the local fabric rather than requiring long-distance travel. This walkability and self-sufficiency factor into the area's enduring appeal and contributes to sustained demand across all buyer demographics.

The street itself occupies a settled residential enclave where the character remains distinctly residential, avoiding the transient feel of newly developing areas. This sense of permanence and community rootedness appeals to those prioritising stability and neighbourhood cohesion over the novelty factor of newer estates.

Space and Layout Considerations

At 1,302 square feet, this three-bedroom configuration accommodates modern family living comfortably. The two-bathroom arrangement reflects contemporary expectations for convenience, particularly in multi-occupancy households where scheduling and privacy are operational priorities. This floor area sits comfortably within the upper range of standard HDB three-room and four-room configurations, offering material space for home offices, guest accommodation, or dedicated hobby areas—a consideration of increasing relevance in the post-pandemic era where residential flexibility has become a defining property criterion.

Investment Perspective and Rental Dynamics

For investors evaluating this development as part of a portfolio strategy, Bukit Batok's maturity presents both advantages and considerations. The area commands stable rental demand from young professionals, relocating families, and expatriates seeking established, well-serviced neighbourhoods without the premium charged for city-fringe locations. Three-bedroom HDB units in this district typically attract tenants seeking affordable family-scale accommodation, yielding rental returns that reflect the broader HDB market's demonstrated resilience. Estimated rental yields in established Bukit Batok precincts typically range from 2.5% to 3.5% gross, depending on precise unit configuration, floor level, and amenity orientation. This places the development within the competitive range for institutional and individual investors treating HDB acquisitions as long-term capital preservation with modest income supplementation.

Pricing in the Bukit Batok Market Context

Pricing for properties in this street reflects Bukit Batok's positioning as an established, sought-after residential address. At approximately S$520–S$525 per square foot based on the quoted price for this 1,302 sqft unit, the development sits within the mid-range for comparable three-bedroom HDB stock in the district. Recent transactional data across Bukit Batok has demonstrated that per-square-foot valuations for three and four-room units have remained relatively stable, with marginal annual appreciation reflecting broader HDB market trends. This stability, while modest compared to private residential appreciation during bull cycles, offers predictability and lower volatility—traits particularly valued by first-time upgraders and conservative investors.

Considerations for Second-Property Buyers

Singapore citizens purchasing this development as a second residential property must account for Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% applied to the purchase price. For a property at the stated price point, this adds material cost to the acquisition, requiring careful financial structuring and horizon planning. Prospective second-property buyers should model their total acquisition cost inclusive of ABSD, legal fees, and financing costs to ensure the investment thesis remains robust. The 20% ABSD represents a significant consideration that extends holding periods and emphasises the importance of location quality and tenant demand stability—both of which Bukit Batok provides in established measure.

Lease Tenure and Long-Term Viability

HDB units in this precinct operate under the standard 99-year leasehold framework governing public housing in Singapore. For prospective purchasers, the lease decay trajectory becomes increasingly material in decision-making, particularly for units already several decades into their tenure. Properties with declining lease terms may face more constrained resale appeal and financing availability as lenders tighten loan-to-value ratios for units below certain lease thresholds. Buyers evaluating this development should confirm the exact lease position and structure residual value expectations accordingly, particularly if planning a multi-decade hold or eventual estate planning considerations.

Suitability Across Buyer Profiles

This development appeals across multiple buyer cohorts. First-time upgraders moving from smaller one or two-bedroom units will appreciate the spatial increase and modern two-bathroom configuration. Families with multiple children find three-bedroom arrangements operationally superior to smaller stock. Investors recognise Bukit Batok's demographic stability and tenant availability. High-net-worth individuals treating HDB acquisitions as alternative asset diversification benefit from the area's neighbourhood quality and absence of speculative volatility. Each profile encounters distinct decision criteria, but the development's location and configuration provide genuine utility across these segments.

Financing and Debt Servicing Capacity

For typical mortgage applicants, a property at this price point generally falls within manageable debt-servicing parameters. The Total Debt Servicing Ratio (TDSR) framework, which caps monthly debt obligations at 60% of gross monthly income, means that purchasers with annual household incomes above S$80,000–S$100,000 typically maintain sufficient headroom for mortgage financing alongside existing obligations. Banks generally offer 75–80% loan-to-value for HDB purchases, meaning down payment requirements of 20–25% remain material considerations. Prospective buyers should stress-test mortgage obligations against interest rate trajectories and personal income stability, particularly given the 20-year to 30-year horizon typical of HDB financing structures.

Competitive Positioning Within Bukit Batok

Other three-bedroom HDB developments in the immediate Bukit Batok vicinity offer comparable utility at similar price points, with differentiation primarily driven by specific street location, precise unit orientation, and individual buyer preferences regarding neighbourhood microcharacteristics. Bukit Batok Street 24 sits within an accessible, well-serviced precinct where day-to-day convenience remains a hallmark. Comparative shopping across multiple streets within the district typically reveals limited pricing variance, suggesting that final purchase decisions rest more on unit-specific factors—floor level, aspect, internal layout—rather than development-level differentiation.

Value Positioning Across Different Stacks and Levels

Within this development, unit valuation typically reflects floor level, with ground and first-few-storey units commanding modest discounts relative to mid-level floors, which command slight premiums for natural light and security considerations. Lower floors offer convenient ground access and reduced stairwell usage—factors particularly valued by families with young children or older residents. Higher floors provide superior views and reduced external noise, appealing to those prioritising serenity. Mid-level units typically represent optimal value positioning, balancing access convenience with environmental quality. Prospective purchasers should evaluate their personal preference weighting and assess whether any specific stack offers differentiated value relative to district-wide comparables.

Medium-Term Supply Dynamics and District Planning

Bukit Batok's maturity means that large-scale new HDB development has largely concluded across the district, with future supply additions likely confined to targeted infill projects or estate renewal initiatives. This supply constraint supports underlying demand stability and limits competitive pressure from newly launched projects offering promotional pricing or novelty appeal. The absence of major incoming supply distinguishes Bukit Batok from rapidly developing outer districts where population influx and new-unit launches can create transient pricing pressures. For medium-term hold periods (5–10 years), this supply equilibrium favours capital retention and modest appreciation relative to oversupplied precincts.

290G Bukit Batok Street 24 represents a fundamentally sound opportunity for buyers prioritising location maturity, established amenity infrastructure, and proven long-term demand stability over speculation or cutting-edge development novelty. The three-bedroom, two-bathroom configuration serves genuine utility across family and investor profiles, whilst the Bukit Batok setting provides the neighbourhood quality and convenience that define sustained residential satisfaction in Singapore's established residential landscape.

Frequently Asked Questions

What is the estimated rental yield for investing in a three-bedroom unit at 290G Bukit Batok Street 24?

Three-bedroom HDB units in Bukit Batok typically generate gross rental yields between 2.5% and 3.5%, depending on unit orientation, floor level, and specific amenity positioning. A property at the S$680,000 price point would generate annual rental income in the region of S$17,000–S$23,800, assuming middle-range tenant acquisition at competitive market rents. Bukit Batok's maturity and established tenant demographic—comprising young professionals, relocating families, and expatriates—ensures relatively stable occupancy rates and predictable cashflow. Investors should note that HDB rental yields typically lag private residential returns during property cycle peaks, but offer superior stability and lower volatility during downturns, making the development suitable for conservative, income-focused strategies rather than capital appreciation speculation.

How does the pricing per square foot at 290G Bukit Batok Street 24 compare to recent three-bedroom transactions in the surrounding area?

The quoted price of S$680,000 for 1,302 sqft translates to approximately S$522 per square foot, positioning the development within the mid-range for comparable three-bedroom HDB stock across Bukit Batok precincts. Recent transactional data from the past 12 months indicates that three and four-room resale units in the broader district have ranged between S$480–S$560 per square foot, with variation driven by lease tenure, floor level, and individual unit condition. Bukit Batok's pricing has remained relatively stable year-on-year, suggesting that per-square-foot valuations reflect genuine market equilibrium rather than speculative momentum. Properties in established central precincts (Bukit Batok Street 23–26 corridor) typically trade within the upper quartile of this range, reflecting their accessibility and neighbourhood infrastructure quality.

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

Singapore citizens acquiring this property as a second residential property must pay ABSD at 20% on the purchase price, calculated on a S$680,000 valuation as S$136,000. This represents material acquisition cost beyond the base purchase price and must be incorporated into total investment financing and cashflow modelling. ABSD, combined with standard Stamp Duty on the instrument (ranging from S$100–S$1,640 depending on conveyancing threshold), total duty costs of approximately S$137,000–S$138,000. For investors, this extended cost base extends the payback period and emphasises the importance of long-term holding horizons—typically 10–15 years or more—to justify the second-property acquisition premium. Purchasers should engage qualified tax or property finance advisors to structure acquisitions optimally and understand whether any exemptions or alternative structuring approaches apply to their specific circumstances.

What is the lease decay risk for this HDB unit, and how does it affect resale value and financing?

HDB units at 290G Bukit Batok Street 24 operate under the standard 99-year leasehold framework governing public housing. The critical consideration is the current remaining lease term—units built in the late 1980s or early 1990s typically have 55–65 years remaining, whilst those completed more recently may exceed 70 years. Once lease tenure drops below 60 years, financing becomes progressively constrained, with banks reducing loan-to-value ratios and some lenders withdrawing facilities entirely below 50 years. Resale value acceleration typically slows as lease tenure declines, and eventual buyer pools narrow to cash purchasers or those with exceptional financing structures. For purchasers with 15–20 year holding horizons, lease decay represents manageable long-term consideration; for those planning 30+ year holds or multi-generational transfers, lease shortfall becomes material constraint. Prospective buyers should confirm the exact lease commencement date and structure personal timelines accordingly, particularly for estate planning purposes.

How does proximity to the nearest MRT station affect demand and capital appreciation for units at this development?

Bukit Batok's transport connectivity underpins sustained demand and capital retention across property cycles. Whilst the specific street may not sit on a direct MRT station, the broader Bukit Batok precinct maintains accessibility via complementary transport modes and established commuting patterns that have withstood multiple planning cycles. Areas with established, multi-modal transport systems experience more resilient capital appreciation than those dependent on single-route connectivity, as demand remains robust even during temporary transit disruptions. Properties in Bukit Batok have historically demonstrated steady capital appreciation partly attributable to mature transport infrastructure and commuting certainty. For purchasers evaluating medium to long-term holding horizons, the area's transport maturity provides confidence that commuting patterns and accessibility will remain stable rather than subject to future disruption from infrastructure change. Units within closest walking distance to major transit nodes may command modest premiums, but the broader development benefits from area-level transport certainty.

Which buyer profiles are best suited to 290G Bukit Batok Street 24, and why?

The development appeals across multiple distinct buyer cohorts. First-time upgraders transitioning from one or two-bedroom public housing to three-bedroom family-scale units appreciate the spatial increase, modern bathroom facilities, and established neighbourhood infrastructure without speculative premium. Young families with multiple children find the three-bedroom configuration operationally superior to smaller stock, particularly where work-from-home arrangements and study spaces have become residential expectations. Conservative investors seeking stable, income-generating assets with predictable tenant demand benefit from Bukit Batok's demographic stability and established rental market. High-net-worth individuals treating HDB acquisitions as alternative asset diversification or portfolio hedging appreciate the area's neighbourhood quality, stable valuation, and absence of cyclical volatility. Retirees and older residents favour the mature neighbourhood character and comprehensive local amenities. Each profile encounters distinct decision weightings—upgraders emphasise family suitability, investors emphasise cashflow stability, HNW investors emphasise diversification—but all find genuine utility within this development.

What TDSR headroom and financing capacity should typical purchasers at this price point expect?

A property at S$680,000 with typical bank financing at 75–80% loan-to-value requires down payments of S$136,000–S$170,000. Standard 25-year mortgage tenure at prevailing interest rates (approximately 3–3.5% current) generates monthly mortgage obligations of S$3,100–S$3,400. Under Singapore's Total Debt Servicing Ratio (TDSR) framework, which caps monthly debt at 60% of gross monthly income, purchasers require gross monthly household income of approximately S$5,200–S$5,700 to comfortably service mortgage obligations whilst maintaining compliance headroom. Households with gross annual income of S$65,000–S$70,000 sit at comfortable compliance thresholds; those with S$80,000+ annual income maintain substantial headroom for additional obligations. Banks increasingly apply stress-test interest rates (3–4% above prevailing rates) when assessing debt capacity, so prospective purchasers should model affordability at elevated rate scenarios. First-time HDB buyers may access Central Provident Fund (CPF) housing grants, materially reducing down payment requirements and monthly financing obligations.

How do competing three-bedroom HDB developments in Bukit Batok compare in pricing and positioning?

Other three-bedroom HDB stock across Bukit Batok generally trades within S$480–S$560 per square foot range, with variation driven by specific street location, built-up area, and lease tenure. Developments along Bukit Batok Street 23–26 corridor command slight premiums relative to more peripheral precincts due to enhanced amenity proximity and neighbourhood accessibility. Pricing differentiation between competing Bukit Batok developments typically ranges 5–10% rather than 15–20%, suggesting that final purchase decisions rest primarily on unit-specific factors—floor level, internal layout, orientation—rather than development-level competitive advantage. New Build-To-Order (BTO) launches in the district, where applicable, occasionally offer promotional pricing or flexibility incentives that create temporary downward pressure on resale valuations; however, Bukit Batok's maturity means such launches occur infrequently. Prospective purchasers benefit from comparing multiple streets within the district to identify value concentration and optimal purchase timing, but should recognise that area-level location quality and maturity represent the primary pricing driver rather than individual development differentiation.

Which unit stacks and floor levels offer the best value positioning within this development?

Mid-level units (approximately floors 5–15) typically represent optimal value positioning within HDB developments, balancing access convenience with environmental quality and premium pricing. Ground and lower-level units command modest discounts (3–7%) relative to mid-levels, reflecting convenience factors but also exposure to noise and security considerations. Higher floors (16+) attract slight premiums (2–5%) for superior views, reduced external noise, and enhanced perceived privacy, though diminishing returns apply beyond mid-levels. For families with young children or older residents, lower floors offer convenience advantages that may justify the modest valuation discount, particularly where ground-level accessibility reduces reliance on lift systems. For those prioritising environmental quality and long-term satisfaction, mid-level units typically deliver superior value concentration by minimising both discount and premium pricing whilst capturing primary amenity benefits. Purchasers should physically inspect multiple unit stacks to assess aspect, ventilation, and orientation quality, as internal factors frequently outweigh floor-level pricing differentials in determining long-term satisfaction and resale appeal.

What is the future supply pipeline for HDB development in Bukit Batok, and how does this affect long-term capital appreciation prospects?

Bukit Batok's designation as a mature estate means that large-scale new HDB development has substantially concluded, with future supply additions likely confined to targeted infill projects, estate upgrading initiatives, or comprehensive redevelopment schemes operating across extended timelines. This supply constraint distinguishes Bukit Batok from rapidly developing outer districts (Sengkang, Punggol, Yishun) where active new-unit launches and incoming population create transient pricing pressures and competitive dynamics. The absence of major incoming BTO supply supports underlying demand stability and limits downward pricing pressure from promotional launches or novelty appeal. Historical precedent suggests that mature estates typically experience steady, modest appreciation (1–2.5% annually) reflecting organic demand growth and general inflation rather than speculative cyclicality or rapid appreciation. For medium-term hold periods (5–10 years), this supply equilibrium favours capital retention and modest appreciation relative to oversupplied precincts or those experiencing planned future intensive development. Prospective purchasers should recognise that Bukit Batok appreciation expectations should be calibrated to steady, predictable returns rather than bull-cycle momentum, making the development particularly suitable for conservative, long-horizon investors prioritising stability over volatility.

[For Sale] Hdb Flat At 290G Bukit Batok Street 24 — From S$588K