Type

Units

Min Area

Price Range

Other

120 sqft

S$1,300/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,300.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$260 on this acquisition.
Located 6 min (540 m) from CC31 Cantonment 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.

13 Cantonment Close: A Central HDB Development in Singapore's Historic District

Situated along Cantonment Close in District 2, 13 Cantonment Close represents an established HDB flatted community offering compact residential living in one of Singapore's most vibrant urban neighbourhoods. The development sits within walking distance of Cantonment MRT Station (CC31), positioning residents just six minutes from the station entrance—a significant advantage for professionals and commuters seeking seamless integration with Singapore's Mass Rapid Transit network. This proximity to public transport underpins the area's appeal to a diverse range of buyers, from first-time property owners to experienced investors navigating the secondary housing market.

The immediate surroundings reflect the character of central Singapore, with the development benefitting from its location in a mature, gentrified district long favoured by young professionals, cultural enthusiasts, and families. Cantonment Road and its vicinity have undergone considerable urban renewal over the past decade, attracting boutique retail, dining establishments, and creative workspaces. This transformation has sustained steady demand for residential units in the neighbourhood, supporting both rental appeal and capital value retention. For buyers evaluating the property as an investment, the district's ongoing evolution and proximity to employment nodes in Outram and Chinatown represent compelling medium to long-term fundamentals.

Location and Transport Connectivity

The defining characteristic of 13 Cantonment Close is its integration within Singapore's public transport ecosystem. Cantonment MRT Station on the Circle Line (CC31) lies approximately 540 metres from the development, making it accessible within a typical six-minute walk. For commuters working in the central business district, Tanjong Pagar, or Raffles Place, this connectivity significantly enhances the unit's utility value and rental appeal. The Circle Line itself provides direct connections to multiple business and leisure destinations, reducing commute times and increasing the development's attractiveness to working professionals who prioritise convenience.

Beyond the Circle Line, the broader transport network further amplifies accessibility. Frequent bus services operate through Cantonment Road and adjacent thoroughfares, offering alternative routing for residents and delivering connectivity to destinations not directly served by the MRT. This multi-modal transport advantage—combining MRT, bus, and in-time walking access—underpins the resilience of property values in the precinct and sustains consistent demand from both occupiers and investors alike.

Compact Living for Modern Households

13 Cantonment Close comprises compact HDB units designed for efficient urban living. With floor areas around 120 square feet per unit, the development caters to occupiers seeking minimal maintenance requirements, lower running costs, and straightforward property management. Such units appeal predominantly to first-time buyers entering the HDB market, young professionals prioritising location over space, and investors building portfolios focused on yield and accessibility rather than sprawling residential footprints. The modest floor area also translates to proportionately lower property taxes, maintenance charges, and utility expenses—a material advantage in Singapore's cost-conscious residential market.

For investor profiles, the compact format aligns with robust rental demand in central Singapore, where many tenants—international assignees, young workers, and postgraduate students—seek affordable, well-connected studio or one-bedroom equivalents near transport. The rental market within walking distance of Cantonment MRT has consistently demonstrated resilience, with furnished or unfurnished units attracting steady enquiries from both expatriate and local tenant pools.

District Character and Amenities

The Cantonment Close precinct forms part of a historically significant conservation district that has evolved into a desirable mixed-use neighbourhood. The area encompasses shophouses with ground-floor retail, standalone dining venues, independent bookshops, galleries, and wellness establishments that have collectively enhanced the locality's cultural appeal. Residents enjoy immediate access to a diverse range of dining and lifestyle facilities without requiring motorised transport, a characteristic increasingly valued in post-pandemic Singapore residential preferences.

Nearby, Outram Park and the broader Outram locality offer additional amenities including supermarkets, medical clinics, educational institutions, and recreational facilities. The district's maturity ensures that essential services and lifestyle conveniences remain consistently available, removing the uncertainty associated with newer, still-developing precincts where amenity rollout may extend over several years. This established infrastructure supports both occupier satisfaction and investor confidence in long-term value retention.

Investment Considerations and Market Fundamentals

For investors evaluating 13 Cantonment Close as part of a property portfolio, several factors warrant consideration. The development's HDB status means it operates under the rules and regulations governing public housing in Singapore, including resale restrictions, tenant eligibility criteria, and potential future lease decay as the development ages. Whilst HDB properties with longer remaining leases (such as those with 70 to 99 years remaining at point of purchase) typically command steadier valuations, investors should factor in the mathematical depreciation inherent in leasehold tenure as lease length diminishes.

The MRT accessibility, however, provides a counterbalance to lease-length concerns. Developments within walking distance of MRT stations have historically demonstrated greater resilience in capital value and rental income, even as lease terms shorten, because transport-oriented demand remains robust across buyer and tenant cohorts. This dynamic has proven particularly pronounced in central Singapore, where location and connectivity often outweigh other property characteristics in determining both purchase decisions and rental enquiries.

Prospective buyers should also evaluate financing capacity relative to purchase price. Whilst HDB units typically attract competitive loan-to-value ratios from financial institutions, buyers should confirm that their Debt-to-Service Ratio headroom remains comfortable after accounting for the purchase, property taxes, insurance, and maintenance contributions. First-time HDB buyers may benefit from various grant schemes and concession programmes, which merit exploration with relevant authorities and financial advisers prior to committing to purchase.

Resale and Rental Market Dynamics

The secondary HDB market in central Singapore has demonstrated consistent depth, with Cantonment Close and neighbouring precincts attracting both upgraders seeking larger or newer properties and downsizers or investors seeking entry points into the central locale. Rental demand remains equally robust, supported by professionals and expatriates seeking furnished or unfurnished accommodation with excellent MRT access and city-centre convenience. Units at 13 Cantonment Close, given their location and size, align well with investor buy-to-let strategies focused on yield and tenant availability rather than capital growth speculation.

When evaluating comparable transactions, prospective purchasers should examine recent sales data for similar HDB units in the immediate vicinity, paying particular attention to price per square foot, time-on-market metrics, and buyer profiles. Such analysis provides empirical grounding for valuation assumptions and helps separate marketing rhetoric from measurable market conditions. Agents and valuation professionals familiar with the Cantonment precinct can furnish detailed market reports illuminating pricing trends, tenant demand patterns, and competitive supply dynamics.

Conclusion

13 Cantonment Close presents a well-positioned HDB development in one of Singapore's most established and convenient neighbourhoods. The combination of MRT proximity, mature district amenities, and compact unit design appeals to a broad cross-section of the residential market—from first-time buyers and upgraders to investors seeking yield and accessibility. Prospective purchasers should conduct thorough due diligence encompassing lease-length analysis, financing confirmation, and comparison shopping against competing properties in the same locality. With proper attention to these fundamentals, 13 Cantonment Close offers a credible platform for either owner-occupied residence or portfolio-based investment within Singapore's vibrant central core.

Frequently Asked Questions

What rental yield can investors realistically expect from purchasing a unit at 13 Cantonment Close?

Rental yield at 13 Cantonment Close typically ranges from 3% to 5% per annum, depending on exact unit size, condition, furnishing standard, and lease remaining. Compact HDB units in central Singapore, particularly those within walking distance of MRT stations, attract consistent tenant demand from young professionals, international assignees, and postgraduate students, supporting stable occupancy rates and rental recovery. However, investors should cross-reference recent comparable lettings in the immediate Cantonment precinct to ground yield assumptions in current market rents, as rental rates fluctuate seasonally and in response to broader economic conditions and housing supply dynamics. Investors should also account for property taxes, maintenance contributions, insurance, and potential vacancy periods when calculating net yield.

How does pricing per square foot at 13 Cantonment Close compare to recent HDB transactions in the Cantonment and Outram areas?

Recent HDB transactions in the Cantonment Close and wider Outram neighbourhood have reflected price-per-square-foot ranges broadly aligned with central Singapore's secondary market positioning, typically ranging from S$6,000 to S$8,500 per square metre depending on lease length, floor level, condition, and specific location within the precinct. The compact unit sizes at 13 Cantonment Close generally command per-square-foot pricing at the upper end of HDB ranges, reflecting the scarcity premium associated with city-centre locations and MRT proximity. Prospective purchasers should obtain recent sale transaction data from the HDB resale portal and cross-reference these against asking prices and agent valuations to assess whether current offerings represent fair value relative to comparable units sold in the preceding three to six months. Market conditions can shift relatively quickly in central Singapore, so timing and contemporaneous data are essential to prudent purchasing decisions.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a Singapore Citizen purchasing a second residential property at 13 Cantonment Close?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, applied on top of standard buyer's stamp duty. For example, on a S$500,000 purchase price, the 20% ABSD would total S$100,000, substantially elevating the total acquisition cost beyond the purchase price itself. This duty applies regardless of whether the first property was held in Singapore or overseas, and applies to both HDB and private residential purchases. Prospective second-property buyers should factor this 20% ABSD component into their total affordability calculations and explore exemptions or deferrals that may apply in specific circumstances (such as replacement of a primary residence). Consulting a property tax specialist or conveyancing lawyer prior to purchase is strongly advisable to understand the full stamp duty liability and explore any available mitigation strategies.

What are the lease decay risks for 13 Cantonment Close, and how does remaining lease term affect resale value and financability?

As an HDB development, units at 13 Cantonment Close are subject to leasehold tenure, meaning that remaining lease length directly influences both resale value and financing capacity. HDB leases are typically granted for 99 years or longer, but as the lease matures, the property's market value mathematically declines—a process known as lease decay. Financial institutions typically impose minimum loan-to-value ratios or restrict financing for properties with fewer than 30 years of lease remaining, significantly constraining resale demand and value recovery. Prospective purchasers should confirm the exact lease commencement date and remaining term for any unit under consideration, as the rate of lease decay accelerates sharply once the lease dips below 40 years remaining. For long-term investors, this consideration becomes critical; a property purchased today with 80 years remaining will face financing and value headwinds 20 years hence, potentially impacting eventual sale proceeds or rental demand.

How does proximity to Cantonment MRT Station (CC31) affect property values and capital appreciation at 13 Cantonment Close?

Proximity to Cantonment MRT Station is a primary demand driver for 13 Cantonment Close, underpinning both occupier appeal and investor interest. Historically, HDB and private residential properties within a five to ten-minute walk of MRT stations have demonstrated greater capital value resilience, more stable rental demand, and faster transaction velocity compared to properties requiring longer commute times to public transport. The Circle Line connectivity via CC31 provides direct access to major employment precincts, reducing commute friction and enhancing the property's utility to working professionals. This MRT accessibility also supports portfolio diversification for investors, as tenant demand for centrally-located, transport-connected units remains robust across market cycles. Conversely, any future disruption to MRT services or introduction of competing transport modes could theoretically diminish the location premium, though such scenarios remain speculative. The historical evidence strongly supports MRT adjacency as a sustained value-supporting characteristic in Singapore's property market.

Which buyer profiles—first-timers, upgraders, wealthy investors, downsizers—are best suited to purchasing at 13 Cantonment Close?

13 Cantonment Close appeals to several distinct buyer profiles, each deriving different value from the property. First-time HDB buyers benefit from the entry-point affordability, MRT connectivity, and established neighbourhood character, whilst potentially accessing grants or concessions available to first-time purchasers. Downsizers—often empty-nesters or retirees—appreciate the compact footprint, reduced maintenance burden, and city-centre location without sacrificing convenience or lifestyle access. Investors focused on yield and occupancy stability, rather than capital speculation, find the strong rental demand and consistent tenant pool attractive, particularly given the HDB's regulatory framework protecting landlord-tenant relations. Upgraders within the HDB system or transitioning from HDB to private housing may use such properties as stepping stones. High-net-worth individuals are less likely to be primary occupiers but may purchase for portfolio diversification or as investment vehicles for property-backed yield. The property's appeal thus spans a broad demographic range, supporting healthy market depth and reducing concentration risk in terms of buyer cohorts.

What are the typical Total Debt Service Ratio (TDSR) and financing headroom implications at 13 Cantonment Close purchase prices?

The Total Debt Service Ratio (TDSR) framework, set by Singapore's financial regulator, caps total monthly debt servicing (including mortgage, car loans, credit cards, and other obligations) at 60% of gross monthly income. For HDB properties at 13 Cantonment Close, assuming a mid-range purchase price, prospective buyers should model financing scenarios to ensure comfortable TDSR headroom. For instance, a buyer earning S$6,000 per month with no other liabilities could service approximately S$3,600 in total monthly debt; a mortgage payment of S$2,500 would leave limited capacity for rate increases or other financial obligations. Most financial institutions recommend maintaining TDSR headroom of at least 5–10% below the regulatory cap, providing buffer against rate increases or income disruption. Prospective purchasers should obtain pre-approval letters from multiple financial institutions and conduct detailed cash-flow modelling before committing to purchase, ensuring that mortgage servicing remains manageable even if interest rates rise or personal circumstances change.

How does 13 Cantonment Close compare to competing HDB developments in central Singapore—such as those in nearby Outram, Tiong Bahru, or Tanjong Pagar precincts?

13 Cantonment Close competes for buyer and tenant interest against several neighbouring HDB developments and private residential offerings in the broader Outram–Chinatown–Tiong Bahru corridor. Nearby HDB estates such as Tiong Bahru and Outram Park offer similar age profiles and distance to MRT, though specific unit availability, floor levels, and lease-remaining terms vary considerably between developments. Private residential options in Tanjong Pagar and Chinatown typically command significant price premiums over HDB but offer leasehold terms extending to 999 years and modern amenity packages. When comparing 13 Cantonment Close to competing properties, prospective purchasers should evaluate lease remaining, price per square foot, floor level, unit condition, and recent transaction velocity rather than relying on asking prices alone. Market depth in the central Singapore HDB sector is substantial, offering genuine choice; taking time to inspect multiple properties and obtain contemporary market reports ensures informed decision-making and reduces the risk of overpaying or selecting a property misaligned with personal priorities.

Are there specific floor levels or unit stack positions at 13 Cantonment Close that offer superior value or appeal?

Within compact HDB developments like 13 Cantonment Close, floor level and unit positioning influence both occupier preferences and pricing. Lower floors (ground to third storey) may appeal to families with young children or mobility considerations, whilst mid-range floors (fourth to eighth storey) often command premium pricing due to optimal natural ventilation, reduced noise, and distance from street-level activity. Higher floors (ninth and above, where applicable) offer superior views and light, appealing to certain buyers despite increased wind exposure and potential noise from external factors. For investor-occupiers prioritising rental yield, mid-range floors typically attract broader tenant pools and command stable rents without the maintenance implications of lower floors. Prospective purchasers should physically inspect multiple floor levels and orientations within the development to assess natural light, ventilation, and suitability before committing. Engaging a property agent familiar with the development can illuminate floor-by-floor demand patterns and pricing variations, informing a value-optimised purchasing decision.

What is the future supply and development pipeline in the Cantonment–Outram district, and how might this affect 13 Cantonment Close's value trajectory?

The Cantonment–Outram district is a mature, largely built-out precinct with limited large-scale redevelopment pipeline, suggesting that new competing supply will remain modest over the medium term. However, ongoing urban renewal initiatives, mixed-use regeneration projects, and the arrival of new dining or retail concepts in conservation areas may incrementally enhance district appeal and property values. Conversely, proposed transit-oriented development projects or zoning changes could introduce competing residential supply into the broader precinct, potentially moderating price growth. Prospective purchasers should monitor the URA Masterplan, District Plan documentation, and GazzetteAnnouncements to identify any proposed developments or zoning changes affecting the Cantonment neighbourhood. The absence of large-scale new supply typically supports value retention and rental demand stability, particularly for well-located properties like 13 Cantonment Close, though investors should not assume automatic appreciation in the absence of genuine supply constraints or demand catalysts. Patient, long-term holding horizons and regular market monitoring are prudent approaches to navigating the supply landscape.

What ongoing costs and financial obligations should purchasers anticipate beyond the purchase price at 13 Cantonment Close?

Beyond the purchase price, HDB owners at 13 Cantonment Close must budget for several recurring and one-time costs. Property taxes (assessed annually by IRAS based on estimated annual rental value) typically range from a few hundred to low thousands annually depending on location and unit size. Monthly or annual maintenance contributions cover common area upkeep, security, and building management, varying by development but typically ranging from S$50–200 monthly. Insurance (fire, flood, and loss of rent for investors) represents additional annual expenditure. Stamp duty on purchase (buyer's standard and ABSD for second-property buyers) comprises upfront capital cost. Conveyancing fees, valuation charges, and surveyor costs add to acquisition costs. For investor-occupiers, potential void periods between tenancies, tenant turnover costs, and maintenance repairs must be factored into affordability calculations. Prospective purchasers should request detailed breakdowns of all anticipated costs from agents, property managers, and HDB directly to ensure comprehensive affordability assessment before committing to purchase.

[For Rent] Hdb Flat At Cantonment Close — From S$1,300