Type

Units

Min Area

Price Range

Other

150 sqft

S$1,000/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,000.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$200 on this acquisition.
Located 3 min (260 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.

Interested in this property?

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

217 Pasir Ris Street 21: Rental Housing in Established Pasir Ris

217 Pasir Ris Street 21 represents a rental housing opportunity within Pasir Ris, one of Singapore's longest-established residential estates on the eastern coast. This HDB development offers compact, efficiently designed units suited to tenants seeking affordable accommodation in a well-connected neighbourhood. The project sits within a mature estate that has evolved significantly over the past three decades, combining reliability with modern urban amenities within walking distance.

The property benefits from immediate proximity to Pasir Ris East MRT Station, which is scheduled to open as part of the Circle Line expansion. Situated just 260 metres and approximately 3 minutes' walk from this station, units at 217 Pasir Ris Street 21 will gain enhanced connectivity upon the station's completion. This emerging transport link promises to strengthen the area's appeal to both tenants and property investors, facilitating direct access to central Singapore and other key employment hubs without reliance on intermediate connections.

Strategic Location and Transport Connectivity

Pasir Ris has established itself as a balanced residential district offering practical living arrangements at competitive price points. The forthcoming Circle Line station represents a transformative infrastructure upgrade, as it will enable residents to reach the Central Business District and key growth corridors with significantly improved journey times. For tenants and owner-occupiers alike, this transport improvement underpins medium to long-term demand fundamentals for the entire precinct.

The broader Pasir Ris estate encompasses multiple shopping centres, hawker facilities, and recreational spaces within the immediate vicinity. Educational institutions ranging from primary to secondary levels serve the neighbourhood, making it particularly appealing to families. Healthcare facilities, including polyclinics and private medical practitioners, complement the residential infrastructure, ensuring that tenants enjoy comprehensive day-to-day convenience without venturing far from their homes.

Investment Perspective and Rental Demand

For investors considering rental acquisitions, 217 Pasir Ris Street 21 operates within the HDB rental market, which has demonstrated resilience and consistent tenant demand. Pasir Ris continues to attract working professionals, young families, and expatriate communities seeking accessible, well-serviced residential accommodation. The estate's maturity means established commercial services, healthcare infrastructure, and educational facilities are already embedded within the neighbourhood, reducing the vacancy risk typically associated with newer or less developed precincts.

The HDB rental segment in Pasir Ris benefits from steady throughflow of tenants, particularly given the estate's strategic position between the airport corridor and the central business district. This geographic positioning supports both short-term and medium-term tenancy arrangements, enabling investors to maintain occupancy rates typical of Singapore's eastern estates. The proximity to forthcoming enhanced transport infrastructure suggests that rental demand may strengthen as the Circle Line becomes operational, potentially supporting capital appreciation in subsequent years.

Unit Design and Living Standards

Units at 217 Pasir Ris Street 21 are structured to maximise utility within compact floor plates, a defining characteristic of HDB housing in mature estates. Efficient internal layouts ensure that residents benefit from functionality without excessive square footage, keeping rental rates aligned with tenant budgets whilst maintaining acceptable living standards. Such design philosophy reflects decades of HDB expertise in optimising residential space for Singapore's diverse population.

The building itself operates within Pasir Ris's established infrastructure, meaning essential services such as rubbish collection, lift maintenance, and estate management are well-established and reliable. The proximity to multiple shopping destinations and food courts means that tenants enjoy ready access to everyday conveniences, reducing the need for private vehicle ownership and positioning the development favourably for environmentally conscious residents and those prioritising transport accessibility.

Market Position and Competitive Context

Pasir Ris remains one of Singapore's most densely populated residential estates, yet it continues to attract newcomers seeking affordable, practical accommodation. The HDB rental market across Pasir Ris shows sustained demand from tenant cohorts valuing proximity to transport, schools, and employment centres. 217 Pasir Ris Street 21 competes effectively within this landscape by offering ready access to both established services and forthcoming transport upgrades, positioning it attractively against alternative rental options in nearby precincts.

The development's position within an estate that has weathered multiple property cycles suggests stability and predictable long-term performance. Pasir Ris experienced significant development intensity during the 1990s and 2000s, with housing stock now widely distributed across multiple blocks and precincts. This maturity brings advantages for investors, including reduced speculation volatility and tenant bases accustomed to the neighbourhood's characteristics and expectations.

Future District Trajectory and Infrastructure Upgrades

The opening of Pasir Ris East MRT Station represents the most significant infrastructure upgrade for this precinct in decades. When the Circle Line extension reaches completion, the estate will benefit from direct rail connectivity to multiple key locations including the CBD, Marina Bay, and future growth zones. Such connectivity improvements typically correlate with sustained rental demand and modest capital appreciation, as transport accessibility remains a primary factor in tenant and buyer decision-making across Singapore.

Beyond transport infrastructure, Pasir Ris continues to attract complementary commercial and recreational development. The estate council and town council have progressively enhanced public spaces, recreational facilities, and community infrastructure, reflecting ongoing investment in resident quality of life. These incremental improvements, combined with major transport upgrades, position Pasir Ris for continued relevance within Singapore's residential market across the coming decade.

Suitability for Different Investor and Occupier Profiles

217 Pasir Ris Street 21 appeals to multiple buyer and tenant profiles. First-time property investors seeking entry into Singapore's residential market find HDB rentals attractive due to lower entry prices and established tenant demand pools. Working professionals and expatriates appreciate the practical living environment and established neighbourhood services. Families value the educational facilities and community-oriented estate design. For property investors targeting stable, predictable rental yields over medium-term horizons, HDB rentals in established estates like Pasir Ris provide a reliable alternative to private residential sectors, particularly when transport improvements are forthcoming.

The compact nature of units at 217 Pasir Ris Street 21 suits tenants prioritising location and connectivity over expansive internal space. In a market where transport accessibility and everyday convenience increasingly drive tenant decisions, this development's proximity to the forthcoming Circle Line station and established services positions it competitively. Investors seeking portfolios of smaller rental units diversified across multiple developments find HDB options in Pasir Ris particularly relevant, as they provide rental cashflow backed by government-backed housing policy and long-term residential demand fundamentals.

Frequently Asked Questions

What rental yield can investors reasonably expect from units at 217 Pasir Ris Street 21?

HDB rentals in established Pasir Ris typically generate gross yields in the region of 3–4% annually, though actual returns depend on unit size, tenant profile, and rental management efficiency. The forthcoming Circle Line MRT station, opening in the coming years, is expected to support sustained tenant demand in this precinct, potentially stabilising or modestly enhancing yields as transport accessibility improves. Investors should model yields conservatively and account for HDB management fees, maintenance costs, and potential vacancy periods, though Pasir Ris's maturity and established tenant base historically support high occupancy rates across the estate.

How does the price per square foot at 217 Pasir Ris Street 21 compare to recent HDB transactions in the area?

Pasir Ris HDB rentals trade within a well-established market, with price per square foot typically reflecting the estate's maturity, distance from MRT stations, and local amenity density. Units within 3 minutes' walk of transport infrastructure command slight premiums compared to more distant blocks, though Pasir Ris maintains relatively consistent pricing across most of its precinct due to established infrastructure saturation. Prospective buyers should review recent arm's-length transactions on comparable blocks within the estate to assess fair pricing; the imminent opening of Pasir Ris East MRT Station may exert modest upward pressure on nearby unit pricing as transport connectivity is formally established.

What are the Additional Buyer's Stamp Duty implications for purchasing a second residential property at 217 Pasir Ris Street 21?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of 20%, calculated on the purchase price. This tax represents a substantial outlay beyond the standard stamp duty and legal costs, materially increasing the acquisition cost for second-property buyers. For example, a property purchased at S$500,000 would attract approximately S$100,000 in ABSD, requiring careful financial modelling to ensure investment returns justify the additional statutory cost. First-time property buyers are exempt from ABSD, making this development particularly attractive to those entering the residential property market for the first time.

Is lease decay a concern for HDB flats at 217 Pasir Ris Street 21, and how might it affect resale value?

HDB flats at 217 Pasir Ris Street 21 operate under 99-year leasehold terms, which is the standard tenure across public housing in Singapore. The 99-year lease typically allows sufficient time for current owners and one to two subsequent owners to maintain reasonable resale value, provided the building remains well-maintained and the neighbourhood retains residential appeal. However, as the lease depreciates, particularly below 60 years remaining, resale value typically experiences accelerated decline, and financing becomes increasingly restricted. Investors should model their holding period carefully: short to medium-term holdings (5–10 years) generally avoid significant lease decay impact, but longer-term holdings or expectations of multi-generational ownership may face material headwinds as the lease term erodes.

How will the opening of Pasir Ris East MRT Station affect demand and capital appreciation at 217 Pasir Ris Street 21?

The forthcoming Circle Line extension to Pasir Ris East MRT Station represents a transformative transport upgrade for this estate, promising direct connectivity to central Singapore and major employment corridors. Properties within close proximity to the new station, such as units at 217 Pasir Ris Street 21 positioned just 3 minutes' walk away, historically experience sustained rental demand and modest capital appreciation as transport accessibility improves. Transport infrastructure improvements typically drive approximately 5–10% appreciation in proximate properties over the medium term, though actual returns depend on overall market cycles and local supply dynamics. The MRT station opening should strengthen both tenant demand and investor interest in this development, supporting longer-term value retention and occupancy consistency.

Is 217 Pasir Ris Street 21 suitable for first-time property buyers entering the residential market?

HDB rentals at 217 Pasir Ris Street 21 present an accessible entry point for first-time property buyers seeking to build residential real estate portfolios. The established neighbourhood, predictable tenant demand, and government-backed housing framework reduce speculation volatility, making the investment profile less volatile than private residential alternatives. First-time buyers benefit from exemption from Additional Buyer's Stamp Duty, effectively saving 20% of the purchase price compared to second-property buyers, materially improving cash-on-cash returns. The property's location in an estate with mature infrastructure and forthcoming transport connectivity appeals to cautious first-time investors prioritising stability and long-term appreciation potential over speculative short-term gains.

What are the financing headroom and Total Debt Service Ratio (TDSR) implications for buyers at typical Pasir Ris price points?

HDB properties at Pasir Ris generally attract purchase prices that position them favourably within standard TDSR calculations, particularly for professional workers with established employment income. At typical Pasir Ris price points, most buyer profiles qualify for 80–90% financing, leaving reasonable equity buffers and maintaining TDSR well within the 60% regulatory ceiling. Buyers should note that TDSR calculations include all existing liabilities (personal loans, credit card balances, other mortgages), so established financial discipline strengthens financing capacity. Properties at 217 Pasir Ris Street 21 typically align with borrowing capacity for dual-income households and established professionals, though individual financial circumstances require formal mortgage assessment through licensed banks.

How do competing HDB developments in eastern Singapore compare to 217 Pasir Ris Street 21?

Pasir Ris competes directly with other eastern estates including Tampines, Punggol, and older precints of Bedok for tenant and investor attention. Compared to Tampines, Pasir Ris typically offers slightly lower pricing whilst sacrificing some transport optionality, though the forthcoming MRT station narrows this gap. Punggol has experienced recent BTO supply and newer developments, potentially offering fresher stock but at comparable or marginally higher pricing. Against established Bedok, Pasir Ris maintains competitive rental demand due to its airport proximity and ongoing estate-wide infrastructure investment. The imminent Circle Line connectivity positions 217 Pasir Ris Street 21 attractively against competing eastern precincts that lack comparable near-term transport upgrades, making it particularly relevant for investors seeking value coupled with infrastructure catalysts.

Which unit stacks or floor levels offer the best value proposition at 217 Pasir Ris Street 21?

Lower and middle-floor units typically command modest premiums over higher floors in HDB blocks, as residents value reduced lift waiting times and easier stairwell access. However, higher floors (8–15 storeys) generally attract premium pricing despite these minor inconveniences, particularly among younger professionals and investment cohorts seeking better views and perceived safety. For value-conscious investors, middle floors (5–8 storeys) often represent the optimal compromise, offering modest lift convenience whilst avoiding the price premiums of lower floors and the access challenges of very high storeys. Units facing away from main roads or facing internal communal spaces may offer slightly lower pricing than those on street-facing sides, representing potential value opportunities. Individual tenant preferences vary significantly, so investors should assess floor level and orientation preferences relative to the local tenant demographic before finalising acquisition decisions.

What is the future supply pipeline for HDB rentals and residential developments in Pasir Ris?

Pasir Ris is a mature estate with limited remaining vacant land for new BTO or substantial residential projects, meaning new supply is constrained compared to growth precincts like Punggol and Woodlands. This limited supply pipeline supports sustained tenant demand and reduces competitive pressure from newer alternatives, benefiting existing developments like 217 Pasir Ris Street 21. The HDB's Build-To-Order pipeline focuses increasingly on new precincts beyond Pasir Ris, suggesting that eastern Pasir Ris will continue attracting tenant demand from those preferring established infrastructure and ready accessibility. The forthcoming Circle Line station represents the most significant future development affecting the precinct, likely to strengthen demand rather than increase supply, positioning 217 Pasir Ris Street 21 favourably for long-term rental and investment fundamentals.

[For Rent] Hdb Flat At 217 Pasir Ris Street 21 — From S$1,000