Type

Units

Min Area

Price Range

3 BR

1442 sqft

S$799K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$799K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160K on this acquisition.
Located 15 min (1.24 km) from CP1 Pasir Ris 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.

615 Elias Road: HDB Living in Established Pasir Ris

615 Elias Road stands as a well-established Housing Development Board estate within the Pasir Ris planning district, a mature residential zone that has evolved into one of Singapore's more sought-after eastern neighbourhoods. The development offers a selection of units across multiple configurations, catering to families, upgraders, and investors seeking affordable entry points into Singapore's property market without sacrificing neighbourhood quality or long-term appreciation potential.

Located approximately 1.24 kilometres from Pasir Ris MRT Station on the Circle Line, the address provides straightforward access to central Singapore and major employment corridors. This proximity to rapid transit infrastructure has traditionally supported steady demand and resale liquidity for HDB properties in this locale, as commuters value the time savings and predictable journey costs.

Property Configuration and Space

The units at 615 Elias Road encompass three-bedroom, two-bathroom layouts with internal floor areas measuring approximately 1,442 square feet. This configuration represents a practical middle ground for families seeking room for children and guests whilst maintaining manageable maintenance and utility costs compared to larger housing formats. The internal spatial arrangement typically includes a living and dining area, kitchen, three separate bedrooms, and two bathrooms, a standard that appeals to multiple buyer demographics across Singapore's residential market.

Ceiling heights, natural lighting through window placement, and the orientation of individual units can vary depending on floor level and block position. Higher floors often command premium pricing due to enhanced views and natural ventilation, whilst ground and lower floors may offer practical advantages for elderly occupants or families with young children.

Pricing and Market Position

Current asking prices commence from S$799,000 for available units, positioning 615 Elias Road competitively within the Pasir Ris secondary market. This pricing reflects the development's maturity, distance to MRT infrastructure, and the broader supply-demand dynamics of the eastern HDB market. Buyers considering this address should evaluate recent transaction data for comparable three-bedroom units in Pasir Ris to confirm alignment with prevailing per-square-foot benchmarks, as HDB pricing typically ranges from S$550 to S$700 per square foot depending on unit age, floor level, and exact distance to transport nodes.

Price variations across available units depend on floor height, block location, and remaining lease tenure. Corner units and those positioned to capture better views or ventilation often justify premium pricing within the same block structure.

Connectivity and Transport Benefits

The Circle Line station at Pasir Ris lies within reasonable walking distance, enabling residents to reach the Central Business District, Orchard shopping and employment precincts, and interchange nodes such as Bishan within 20 to 30 minutes of travel time. This connectivity has historically underpinned capital appreciation for HDB stock in the vicinity, as Singapore's transport-oriented property market consistently rewards locations with strong MRT access. For working professionals and families requiring frequent city access, the reduced commute burden translates into tangible lifestyle and financial benefits.

Bus services augment train access, with multiple routes serving the Pasir Ris precinct and providing alternative routing during planned or emergency service suspensions. This redundancy strengthens the neighbourhood's appeal to risk-conscious homebuyers and investors.

Estate Maturity and Amenity Infrastructure

As an established HDB town, Pasir Ris boasts comprehensive amenity coverage including retail centres, wet markets, hawker facilities, childcare centres, primary and secondary schools, and community health clinics. This infrastructure maturity reduces investment risk for families prioritising neighbourhood stability and service availability. Unlike new estates still in early development phases, 615 Elias Road and its surrounding precinct offer proven demand patterns and settled community demographics, supporting long-term resale confidence.

Recreation facilities including parks, basketball courts, and sports complexes serve the broader Pasir Ris community, contributing to a family-oriented environment that sustains property demand across multiple buyer cycles.

Lease Tenure and Ownership Structure

As an HDB property, 615 Elias Road operates under a leasehold tenure model. Singapore's Housing Development Board typically grants 99-year leases at the point of initial sale, with lease decay becoming a material consideration as properties age beyond the 60 to 70-year mark. Buyers should verify the exact remaining lease duration for their target unit, as leases below 70 years typically attract reduced financing and may face re-sale friction unless significantly discounted to reflect the residual tenure. The trajectory of lease decay affects both resale valuation and mortgage accessibility, particularly for investment buyers or those intending to hold for multiple decades.

Understanding the lease decay impact on future resale value is essential when evaluating the long-term investment merit of any HDB purchase at 615 Elias Road.

Investment Potential and Buyer Suitability

The development appeals to first-time homebuyers seeking affordable entry into HDB ownership, upgraders trading up from smaller units or rental tenancies, and portfolio investors acquiring rental-yielding residential assets. First-time buyers benefit from HDB grants and concessional financing products, making 615 Elias Road an accessible stepping stone into the ownership ladder. Upgraders appreciate the mature precinct and established community character, whilst investors assess the rental demand from young professionals and small families seeking three-bedroom accommodation at market-rent levels typically ranging from S$2,800 to S$3,500 monthly depending on floor level and block premium.

The rental yield profile for 615 Elias Road typically ranges from 3% to 4% gross, depending on acquisition price and achievable monthly rental income. Investors should conduct detailed due diligence on local rental demand, tenant demographics, and competitive rental offerings before committing capital.

Market Comparison and Competitive Positioning

The Pasir Ris HDB market includes contemporary competing developments such as Pasir Ris Heights and other blocks within the broader Pasir Ris planning area. These comparators offer similar unit configurations and transport accessibility, though variations in block age, lift arrangements, and specific MRT proximity create pricing differentiation. Serious buyers should inspect multiple comparable blocks and recent transaction data to ensure 615 Elias Road pricing reflects fair value relative to immediately competing stock. The secondary HDB market often exhibits significant unit-to-unit variation based on minor factors such as facing direction, floor level, or proximity to hawker centres, necessitating granular comparison analysis.

Financing and Debt Service Considerations

Buyers financing purchases at 615 Elias Road should anticipate loan amounts in the region of S$480,000 to S$560,000 after accounting for reasonable down payments and prevailing HDB loan-to-value limits. At current interest rates of approximately 2.5% to 3.0% per annum, monthly loan servicing for a 25-year mortgage typically ranges from S$2,000 to S$2,400, a figure that should comfortably fit within the household Total Debt Service Ratio (TDSR) threshold of 55% for HDB borrowers. First-time buyers gain access to HDB concessional loan products and CPF utilisation pathways that substantially reduce net cash outlay, strengthening financing headroom compared to private property acquisition at equivalent price points.

Prospective buyers should obtain detailed mortgage pre-approval documentation from HDB or commercial banks before finalising unit selection, ensuring financing certainty and identifying any CPF eligibility constraints.

Future Supply and Market Dynamics

The Pasir Ris planning district benefits from established development status with limited large-scale greenfield redevelopment opportunities, suggesting that supply-demand equilibrium in the secondary HDB market will remain relatively stable. Unlike growth districts experiencing rapid new town development, Pasir Ris has settled into a mature market characterised by steady resale activity and modest price appreciation. Long-term capital growth expectations for 615 Elias Road should be calibrated to modest annual increases of 1% to 2% rather than speculative appreciation, aligning expectations with Singapore's broader HDB resale market characteristics.

The stability of the Pasir Ris market supports conservative investor projections and family buyer confidence in neighbourhood permanence and amenity infrastructure persistence.

Frequently Asked Questions

What gross rental yield can investors expect if purchasing a unit at 615 Elias Road as a buy-to-let investment?

Investors acquiring three-bedroom units at 615 Elias Road typically achieve gross rental yields between 3% and 4%, depending on acquisition price and achievable monthly rental income from the local tenant pool. Monthly rents for comparable three-bedroom HDB units in Pasir Ris generally range from S$2,800 to S$3,500, reflecting demand from young professionals, small families, and upgraders seeking intermediate-cost accommodation away from central locations. To estimate yield for any specific purchase, calculate the expected annual rental income and divide by the acquisition price—for example, a unit purchased at S$799,000 commanding S$3,200 monthly rent would generate approximately 4.8% gross yield before accounting for property tax, maintenance fees, and vacancy allowances. The actual net yield after expenses typically reduces to 2.5% to 3.5%, making 615 Elias Road a modest but stable income-producing asset rather than a high-yield speculative purchase.

How does per-square-foot pricing at 615 Elias Road compare to recent HDB transactions in Pasir Ris?

The current asking prices at 615 Elias Road, with units at approximately S$799,000 for approximately 1,442 sqft floor area, yield a per-square-foot valuation of roughly S$554 to S$570 per sqft depending on exact unit configuration. Recent secondary market transactions in Pasir Ris for comparable three-bedroom units have ranged between S$550 and S$700 per sqft, reflecting variation by floor level, block position, remaining lease tenure, and proximity to hawker or transport nodes. To validate that 615 Elias Road pricing aligns with fair market value, buyers should request transaction data from the Housing Development Board or review recent sold listings for comparable blocks within Pasir Ris, ensuring the per-sqft rate does not exceed local benchmarks by more than 5% to 10%, which would suggest premium positioning. Significant outliers above the local range may indicate premium floor levels, unusually high-quality finishes, or negotiable asking prices subject to haggling pressure.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a Singapore Citizen buying a second residential property at 615 Elias Road?

A Singapore Citizen purchasing a second residential property incurs Additional Buyer's Stamp Duty at the current rate of 20%, calculated on the purchase price. For a unit at 615 Elias Road priced at S$799,000, the ABSD liability would be S$159,800, payable within 14 days of the property sale completion. This substantial upfront cost must be funded separately from the mortgage principal and down payment, effectively increasing the total cash required to complete the transaction to approximately S$399,800 (50% down payment) plus S$159,800 (ABSD), totalling roughly S$559,600 before legal and miscellaneous fees. Second-property buyers should factor ABSD into their affordability calculations and ensure sufficient liquid capital reserves to meet both down payment and stamp duty obligations, as ABSD cannot be financed through the mortgage. Buyers who are not Singapore Citizens or who satisfy exemption criteria (such as purchase after sale of an earlier residential property within a defined period) should seek professional tax advice to confirm ABSD applicability.

What is the lease decay risk for units at 615 Elias Road, and how does this affect resale value?

As an HDB property typically granted with a 99-year lease from initial sale, 615 Elias Road units face progressive lease decay as years elapse. Once a lease falls below 70 years remaining, resale demand and valuation typically decline, as financing becomes difficult—many banks restrict mortgage tenure to a maximum of 60 years from the loan origination date, making long-term mortgages on short-lease units impractical. For a hypothetical unit sold in the 1990s with a 99-year lease, the remaining tenure would now be approximately 75 years, still within the acceptable band but approaching the threshold where perception of value erosion begins. Units with remaining tenure below 60 years often trade at 20% to 40% discounts relative to newer stock, reflecting financing difficulty and the ultimate requirement for redevelopment or government buyback schemes approaching lease expiry. Buyers should verify the exact remaining lease tenure for their target unit and factor in long-term lease decay when evaluating hold periods—families planning to occupy for 20-plus years should prioritise units with 85+ years remaining to avoid severe value deterioration in later years.

How does proximity to Pasir Ris MRT Station affect demand and capital appreciation at 615 Elias Road?

Properties within 1.5 kilometres of an MRT station consistently command premium pricing and superior capital appreciation relative to similar units located 2+ kilometres away, as transport accessibility directly influences commute times, lifestyle convenience, and job accessibility for residents. 615 Elias Road's position 1.24 kilometres from Pasir Ris MRT Station on the Circle Line places it within the optimal demand zone, where residents can reach the Central Business District in 20 to 30 minutes via rapid transit, supporting both owner-occupier appeal and rental market demand. Historically, HDB properties within 1.0 to 1.5 kilometres of MRT nodes have appreciated 0.5% to 1.5% annually above the broader HDB market average, reflecting the premium value of transport connectivity. This proximity advantage has been repeatedly validated in Singapore's property market, where new MRT extensions and line openings trigger immediate capital appreciation in surrounding properties, whilst developments losing convenient transport access typically underperform. The Circle Line's maturity and full operational status means 615 Elias Road benefits from already-established transport value without waiting for future line extensions, providing stability rather than speculative appreciation upside.

Is 615 Elias Road suitable for first-time homebuyers, upgraders, and investors, or does it cater to only one buyer segment?

615 Elias Road appeals across multiple buyer profiles due to its moderate pricing, established neighbourhood amenities, and reasonable commute distance to employment clusters. First-time homebuyers benefit substantially from HDB-specific financing products, concessional interest rates, and down payment assistance grants, making the S$799,000+ entry price significantly more accessible than comparable private property at equivalent specifications; a first-timer with S$150,000 in CPF savings and minimal cash down could secure a unit through HDB mortgages without placing excessive strain on household finances. Upgraders trading up from smaller units or rental tenancies find the three-bedroom, two-bathroom configuration and mature estate character well-suited to expanding family needs, whilst the Pasir Ris precinct's established schools and childcare infrastructure appeals to this segment. Investors treating 615 Elias Road as rental-yielding portfolio stock benefit from the steady 3% to 4% gross rental yield and demographic demand from young professionals, though the modest appreciation profile suggests this is a yield play rather than a capital-growth speculation. Each segment should conduct tailored financial analysis—first-timers should focus on mortgage affordability and CPF utilisation, upgraders should compare to other three-bedroom stock in accessible price bands, and investors should stress-test rental yields and lease decay implications across their target hold period.

What TDSR and financing headroom should I anticipate for a typical purchase at 615 Elias Road?

A household purchasing a unit at the S$799,000 asking price with a 30% down payment (S$239,700) and 25-year HDB mortgage would service a loan of approximately S$559,300 at prevailing interest rates of 2.5% to 3.0% per annum, resulting in estimated monthly mortgage servicing of S$2,100 to S$2,350. The HDB Total Debt Service Ratio (TDSR) threshold for public housing loans is 55% of gross household income, meaning a household would require approximately S$45,500 to S$51,000 in gross monthly income to comfortably accommodate this mortgage without exceeding prudent debt levels—a figure attainable by dual-income professional households with combined salaries in the S$546,000 to S$612,000 annual range. First-time buyers utilising HDB concessional loans may also access Central Provident Fund (CPF) withdrawal eligibility, effectively reducing the cash mortgage principal by S$100,000 to S$150,000 depending on available CPF balances in the Ordinary Account, substantially easing debt-servicing requirements. Prospective buyers should obtain HDB pre-approval documentation specifying their maximum eligible loan quantum and TDSR compliance status before proceeding to offer, ensuring no surprises at exchange of contracts.

How does 615 Elias Road compare to competing HDB developments in Pasir Ris in terms of value and location?

615 Elias Road competes within a secondary HDB market that includes other Pasir Ris blocks such as Pasir Ris Heights and neighbouring planning precincts within the broader eastern zone. These comparators offer similar three-bedroom configurations and reasonably proximate MRT access, though price differentiation emerges based on block age, lift modernisation status, and specific distance to hawker and shopping amenities. A systematic comparison requires inspecting transaction data across multiple comparable blocks, assessing unit-specific factors such as facing direction and floor level, and evaluating personal preference for specific block neighbours and community facilities. 615 Elias Road's mature estate status and established neighbourhood character position it as a stable, lower-risk acquisition compared to emerging developments in peripheral locations, though it may not offer the speculative appreciation upside of properties in high-growth districts. Buyers should prioritise direct block visits and inspection of multiple comparators before committing, as subjective factors such as block design, lift frequency, and perceptions of block reputation can meaningfully influence long-term satisfaction despite similar underlying property specifications.

Which unit stack and floor level within 615 Elias Road offers the best value proposition?

Within any HDB block, the most attractive value propositions typically emerge on middle floors (levels 6 to 12) rather than premium high floors, as the per-unit price premium for upper-floor units often exceeds the incremental benefit of enhanced views and ventilation, making mid-floors comparatively better value on a per-square-foot basis. Lower floors (levels 1 to 4) attract discounts due to reduced privacy, natural lighting, and perception of less desirable living environments, making them attractive to cost-conscious buyers or investors prioritising yield over lifestyle factors. Corner units and units with dual-aspect exposure to natural light typically command 5% to 10% premiums relative to interior units on identical floors, though this premium may not consistently translate into proportional rental uplift, potentially disadvantaging investors who value yield parity. 615 Elias Road unit-level analysis requires inspection of specific pricing data across available inventory to identify blocks where mid-floor units offer price-to-quality ratios superior to competing blocks—for instance, if Block A level-8 units are priced identically to Block B level-5 units, the Block A purchase represents superior value due to higher floor level conferring privacy and natural light benefits. Prospective buyers and investors should request detailed block and unit-level pricing schedules from the property agent to enable systematic comparative analysis.

What future supply dynamics and district development plans should influence my investment decision for 615 Elias Road?

Pasir Ris operates as a mature, fully developed planning district with limited large-scale greenfield development opportunities, suggesting that future HDB supply in the immediate vicinity will remain constrained relative to newer growth towns such as Tengah or Woodlands. This supply limitation historically supports stable rather than speculative pricing appreciation, as demand-supply equilibrium in the secondary resale market prevents the dramatic appreciation cycles observed in undersupplied precincts. Broader district planning initiatives, such as potential MRT line extensions or major employment centre relocations, could modestly uplift 615 Elias Road valuations by enhancing transport connectivity or proximity to job clusters, though no imminent transformative infrastructure projects are publicly signalled for Pasir Ris. The absence of significant future supply infusions means 615 Elias Road investors should calibrate return expectations to modest annual appreciation of 1% to 2%, treating the property primarily as a stable, yield-generating asset rather than a capital-appreciation play. Buyers seeking high growth potential should consider emerging districts or properties positioned near future MRT extensions, whilst those prioritising neighbourhood stability and predictable rental demand would find 615 Elias Road's mature market positioning well-suited to conservative investment frameworks.

[For Sale] Hdb Flat At 615 Elias Road — From S$799K