Type

Units

Min Area

Price Range

3 BR

1302 sqft

S$790K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$790K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$158K on this acquisition.
Located 13 min (1.1 km) from EW23 Clementi 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.

340 Clementi Avenue 5: A Mature HDB Development in Singapore's West

340 Clementi Avenue 5 represents a well-established Housing and Development Board estate situated in the heart of Clementi, one of Singapore's most sought-after residential neighbourhoods. Located in the western corridor of the island, this development offers residents the perfect balance between suburban tranquillity and urban convenience, drawing both owner-occupiers seeking family homes and investors looking for stable rental yields in a mature estate.

The development benefits from its proximity to Clementi MRT Station on the East-West Line, positioned just 13 minutes walking distance away at approximately 1.1 kilometres. This accessibility to public transport makes the location particularly attractive for commuters who require regular connectivity to the city centre or other key employment nodes across the island. The East-West Line serves as one of Singapore's primary transport arteries, facilitating seamless travel to areas such as Marina Bay, Tanjong Pagar, and Bukit Panjang, which significantly enhances the appeal of properties in this locale.

Layout and Space Offerings

Units within this development feature generous floor areas designed to accommodate modern family living. The available layouts include spacious three-bedroom configurations with two bathrooms, spread across approximately 1,302 square feet of usable space. These proportions provide ample room for families, offering distinct zones for sleeping, entertaining, and working—an increasingly important consideration as more households adopt flexible work arrangements. The design philosophy of this development reflects the maturity of the estate, with layouts that prioritise functionality and livability.

Neighbourhood Character and Amenities

Clementi has evolved into a comprehensive residential neighbourhood with extensive supporting infrastructure. The immediate vicinity encompasses shopping centres, hawker complexes, supermarkets, and dining establishments that cater to daily living requirements. Educational institutions including primary and secondary schools serve families with children, whilst nearby polyclinics and medical facilities ensure healthcare accessibility. The neighbourhood's maturity means that essential services and amenities are thoroughly embedded within the community, reducing reliance on distant commercial districts.

The precinct surrounding 340 Clementi Avenue 5 includes recreational facilities such as community gardens, sports courts, and parks that encourage an active lifestyle. These shared spaces foster community interaction and provide residents with affordable leisure options without necessitating travel to distant recreational destinations. The neighbourhood's evolution over several decades has established it as a stable, family-oriented community with strong social infrastructure.

Market Position and Pricing

Properties within this development command pricing from S$790,000 onwards, positioning them competitively within the broader West region market. This price point reflects the maturity of the estate, its established neighbourhood credentials, and the accessible transport connectivity that the location affords. For buyers evaluating options within Clementi and surrounding areas such as Buona Vista and Dover, this development represents a substantive offering that delivers value without compromising on space or location quality.

The pricing architecture across different unit types and floor levels allows prospective buyers to calibrate their investment to specific budget parameters and lifestyle requirements. Larger configurations command proportionally higher valuations, whilst ground-level and lower-floor units may present alternative pricing dynamics that appeal to specific buyer profiles.

Investment Potential and Rental Market

From an investment standpoint, properties in established West region HDB estates have historically demonstrated stable appreciation trajectories alongside consistent rental demand. The proximity to Clementi MRT Station and the neighbourhood's comprehensive amenities make this development attractive to tenants seeking convenient, family-friendly accommodation without paying premium prices for newer developments. The consistent demand for well-maintained units in accessible locations suggests reasonable rental yield expectations for investors willing to participate in the long-term appreciation story of mature estates.

The tenant demographic for properties in this location typically comprises young professionals, growing families, and expatriates who prioritise proximity to transport and established neighbourhood infrastructure over architectural novelty. This demographic stability historically translates into lower vacancy rates and more predictable rental income streams compared to developments in emerging precincts.

Financing and Ownership Considerations

For first-time homebuyers, properties at this price point frequently fall within financing parameters that allow for mortgage tenor flexibility, though individual circumstances regarding employment stability and existing liabilities will influence specific lending decisions. Prospective buyers should engage with financial institutions early in their purchase journey to understand their borrowing capacity at prevailing interest rate environments.

For second-property investors, it is important to factor Additional Buyer's Stamp Duty (ABSD) into overall acquisition costs. Singapore Citizens purchasing a second residential property face ABSD at 20%, which materially impacts the total outlay required to complete a purchase. For example, at the lower end of the pricing range around S$790,000, ABSD would constitute approximately S$158,000, representing a significant cost consideration that must be incorporated into investment thesis calculations.

Lease Considerations for HDB Properties

HDB flats in Singapore are typically offered on 99-year leases, which represents a standard tenure for public housing. Buyers should be cognisant that as leases decay beyond the 80-year threshold, property values may begin to moderate, and certain financing options may become constrained. For properties in their younger lease phases, this consideration is less immediately pressing, but prospective purchasers should nonetheless incorporate long-term lease implications into their decision-making frameworks, particularly for properties intended as legacy assets for subsequent generations.

Comparison to Alternative Developments

Within the Clementi and surrounding West region landscape, buyers may encounter a selection of HDB estates at varying price points and lease ages. Newer Build-to-Order (BTO) projects in neighbouring precincts may offer longer lease tenures and modern design specifications, though these typically involve extended waiting periods and less immediate availability. Conversely, established developments such as 340 Clementi Avenue 5 offer immediate occupancy, proven neighbourhood infrastructure, and mature community ecosystems—trade-offs that appeal particularly to buyers seeking ready-to-move-in solutions.

Long-Term Outlook

The West region continues to benefit from sustained infrastructural investment and integration planning by governmental agencies. The consolidation of employment nodes, educational facilities, and lifestyle amenities within the corridor suggests that mature, well-located estates will remain relevant to Singapore's residential real estate narrative for decades to come. Properties positioned at convenient transport nodes with established neighbourhood credentials tend to weather market cycles more resilience than those situated in peripheral or emerging locations.

For prospective owners—whether seeking primary residency or investment exposure—340 Clementi Avenue 5 warrants serious consideration as part of a comprehensive property evaluation process, particularly for buyers who prioritise transport accessibility, neighbourhood maturity, and competitive acquisition pricing.

Frequently Asked Questions

What rental yield can investors expect from units at 340 Clementi Avenue 5?

Rental yields for properties in established Clementi HDB estates typically range between 2.5% to 3.5% net yield, depending on unit configuration, floor level, and prevailing market rental rates. A three-bedroom unit at the lower pricing end of this development might command monthly rentals between S$2,800 and S$3,200 when leased to tenants seeking convenient, family-friendly accommodation near Clementi MRT. The precise yield achieved will vary based on acquisition price, ongoing maintenance costs, property management fees, and rental market dynamics, but the development's mature location and transport accessibility position it competitively within the rental market for West region HDB estates seeking tenant appeal without commanding premium prices.

How does the per-square-foot pricing at 340 Clementi Avenue 5 compare to recent Clementi HDB transactions?

Properties in mature Clementi HDB estates typically transact at per-square-foot rates between S$600 and S$650, depending on lease age, floor level, and unit condition. At a notional acquisition price of S$790,000 for approximately 1,302 square feet, this translates to approximately S$607 per square foot, positioning this development competitively within the established Clementi market range. Recent comparable transactions in adjacent Clementi precincts and estates have demonstrated stability around these price levels, indicating that 340 Clementi Avenue 5 remains appropriately valued relative to the broader neighbourhood supply. Buyers should commission their own valuations and conduct comparative market analysis through recent transaction data to validate pricing alignment with their specific purchase timeline and requirements.

What is the impact of Additional Buyer's Stamp Duty (ABSD) on second-property purchases at this development?

Singapore Citizens purchasing a second residential property face Additional Buyer's Stamp Duty (ABSD) at the rate of 20%, calculated on the purchase price. For a property acquired at S$790,000, the ABSD liability would amount to approximately S$158,000, representing a material addition to the total acquisition cost. This 20% ABSD must be paid upfront at the time of purchase, effectively increasing the buyer's total outlay and reducing available capital for other investments or renovations. Prospective second-property investors must carefully incorporate this 20% ABSD cost into their financial planning and investment thesis calculations, as it materially affects the break-even rental yield required to justify the investment relative to alternative opportunities such as equities or fixed-income instruments.

How does lease decay affect resale value and financing for properties in this estate?

HDB leases in Singapore are typically granted for 99 years, and whilst current leases at 340 Clementi Avenue 5 remain in their earlier phases, buyers should be aware that as leases approach and exceed the 80-year threshold, property values may moderate and financing options may become more constrained. Mortgage lenders become increasingly cautious about advancing loans on properties with lease periods below 60 years, potentially limiting the future buyer pool. For properties at this estate currently in their younger lease phases, lease decay represents a distant consideration, but prospective buyers intending to hold properties for multi-decade periods or pass them to subsequent generations should nonetheless factor long-term lease implications into their valuation frameworks and purchase decision-making processes.

How does proximity to Clementi MRT Station influence demand and capital appreciation for properties here?

Proximity to Clementi MRT Station on the East-West Line constitutes a primary demand driver for properties within this development, as it provides direct connectivity to major employment centres, commercial districts, and educational institutions across the island. Properties within 15-minute walking distance of established MRT stations have historically demonstrated more resilient capital appreciation trajectories compared to similar properties situated further from public transport, as tenant demographics and owner-occupier preferences consistently reward transport accessibility. The East-West Line's strategic importance as a primary transport corridor means that this MRT node will likely remain a significant demand anchor across economic cycles. For both owner-occupiers and investors, the Clementi MRT positioning enhances long-term demand sustainability and capital appreciation probability, particularly compared to HDB properties in peripheral locations where transport access requires longer commuting times or supplementary private transport.

Is 340 Clementi Avenue 5 suitable for first-time homebuyers, upgraders, or investors?

This development appeals to multiple buyer profiles for distinct reasons. First-time homebuyers appreciate the established neighbourhood infrastructure, reasonable pricing from S$790,000, and mature community that requires no anticipation of future amenity development—everything is already embedded. Upgraders transitioning from smaller HDB flats into larger three-bedroom configurations benefit from additional living space within an accessible neighbourhood where they may already possess community familiarity. Property investors seeking rental income and long-term appreciation find value in the proven tenant demand within West region estates, the stable transport accessibility, and the development's positioning within the established Clementi property cycle. The development's maturity and comprehensive neighbourhood integration make it particularly attractive for pragmatic buyers prioritising functionality and transport accessibility over architectural novelty or development cachet.

What Total Debt Servicing Ratio (TDSR) and financing headroom exist at this development's price points?

At properties priced around S$790,000, with typical HDB financing structures allowing loan amounts up to 80% of purchase price, buyers might access approximately S$632,000 in mortgage financing, requiring a downpayment of S$158,000. With prevailing mortgage rates circa 3.5% to 4% and a 25-year tenure, monthly mortgage servicing would approximate S$3,000 to S$3,200. Singapore's TDSR framework requires that total monthly debt servicing obligations (including all mortgages, car loans, credit cards, and other liabilities) not exceed 60% of gross monthly income, meaning a borrower would require gross monthly income of approximately S$5,000 to S$5,300 to comfortably service this mortgage alone. Buyers with existing liabilities or lower income profiles may face more constrained financing headroom, whilst those with higher incomes and minimal existing debt obligations can access considerably greater borrowing capacity. Individual circumstances vary substantially, so prospective buyers should engage with mortgage brokers or financial institutions to calculate their precise financing parameters based on personal circumstances.

How does 340 Clementi Avenue 5 compare to newer HDB projects in neighbouring precincts?

Newer Build-to-Order (BTO) projects in adjoining areas such as Buona Vista or emerging precincts offer longer lease tenures (typically 99 years from recent allocation), modern architectural design, and premium finishes aligned with contemporary lifestyle expectations. However, BTO projects involve extended waiting periods—typically four to six years from application to completion—making them unsuitable for buyers requiring immediate occupancy. In contrast, 340 Clementi Avenue 5 offers ready-to-move-in availability, proven neighbourhood infrastructure with established schools, shopping facilities, and community services already matured. Whilst newer developments may command architectural prestige, established estates like 340 Clementi Avenue 5 deliver pragmatic advantages in immediate availability, predictable neighbourhood evolution, and rental market maturity that appeals to investors and upgraders prioritising occupancy velocity over design novelty. The trade-off between architectural contemporaneity and neighbourhood establishment maturity should be calibrated against individual buyer priorities and timing requirements.

Which floor levels or unit stacks offer the best value proposition at this development?

Floor level valuations at HDB estates typically exhibit differentiated pricing, with lower-floor units (levels 1-3) commanding discounts of 5% to 8% relative to mid-level units, and upper-floor properties (levels 10+) commanding modest premiums of 3% to 5% for enhanced light, reduced noise, and privacy advantages. Mid-level units (floors 5-8) often represent optimal value equilibrium, avoiding lower-level street noise and common access congestion whilst attracting modestly lower premiums than upper floors. Corner units and those positioned away from lift cores typically attract valuation premiums relative to internal units due to enhanced natural light and ventilation. For value-conscious buyers, lower-floor units represent substantive savings opportunities where the functional drawbacks (slightly reduced light, marginally higher ambient noise) are outweighed by acquisition cost benefits. Investors prioritising tenant appeal often gravitate toward mid-level units that balance amenity perception with competitive acquisition pricing, resulting in superior yield outcomes relative to premium-positioned alternatives.

What future supply pipeline and district development outlook should buyers consider?

The West region, including Clementi precinct, has experienced progressive urban consolidation over recent decades, with the HDB supply pipeline now heavily focused on emerging development areas outside the central catchment rather than infill development within established estates. This supply constraint—combined with sustained demand from upgraders, investors, and family households—suggests that mature, well-located estates like 340 Clementi Avenue 5 will likely maintain relevance within the residential market across multi-decade horizons. Governmental infrastructure investments in transport, education, and commercial nodes throughout the West region continue, reinforcing the district's position as a secondary employment and lifestyle hub. The scarcity of newly available land within Clementi proper, combined with transport infrastructure maturity and established community networks, positions existing estates as increasingly valuable long-term assets. Buyers should interpret the limited new supply pipeline positively—it suggests that existing properties will benefit from sustained demand underpinned by demographic need and constrained new availability, supporting long-term capital appreciation resilience.

[For Sale] Hdb Flat At 340 Clementi Avenue 5 — From S$790K