Type

Units

Min Area

Price Range

2 BR

753 sqft

S$450K

Type

Units

Min Area

Price Range

2 BR

631 sqft

S$3,000/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$3,000 to S$450K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$600 on this acquisition.
50% of current units are for sale, from S$450K; 50% are for rent, from S$3,000/mo.
Located 10 min (800 m) from CR9 Serangoon North 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.

105 Serangoon North Avenue 1: An Established HDB Development in a Vibrant Neighbourhood

105 Serangoon North Avenue 1 represents a well-positioned public housing development located in one of Singapore's most established residential corridors. Situated in the heart of Serangoon North, the project benefits from decades of community infrastructure development and a mature neighbourhood character that appeals to both first-time buyers and experienced property investors alike. The development sits within easy reach of essential amenities, transport arteries, and commercial precincts that define contemporary Singapore living.

The neighbourhood itself carries a reputation for stability and accessibility. Residents enjoy proximity to numerous hawker centres, supermarkets, community clubs, and small retail clusters that cater to day-to-day living needs without requiring lengthy commutes. Educational institutions and healthcare facilities are similarly well-distributed across the surrounding area, supporting families of all compositions and life stages.

Strategic Location and Transport Connectivity

Serangoon North MRT Station, currently under construction, will transform accessibility from this address when operational. The station is positioned approximately 800 metres from the development, representing a walking distance of roughly 10 minutes at average pace. This proximity signals a significant upgrade to transport convenience, as the new station will integrate seamlessly with Singapore's expanding rapid transit network and unlock faster journeys to employment centres, educational institutions, and leisure destinations across the island.

Prior to the MRT station's completion, residents benefit from established bus services that provide reliable connectivity to Kallang, Hougang, and further afield. The area's road infrastructure remains well-maintained and familiar to residents, with major arterials such as Serangoon Road offering direct linkages to the Central Business District and other key locations. This dual-layer transport advantage—existing bus networks combined with imminent MRT connectivity—positions the development favourably within Singapore's broader urban framework.

Development Characteristics and Unit Diversity

The project comprises multiple residential units across a variety of floor plates and configurations, offering flexibility for buyers with differing space requirements and budgets. Unit sizes and bedroom mixes accommodate singles, couples, small families, and larger households, ensuring broad market appeal. Pricing across the available inventory reflects this diversity, with units generally ranging upward from prevailing market levels across comparable HDB developments in the Serangoon North area.

Each unit is designed to maximise usable living space and natural light, reflecting contemporary standards for public housing in Singapore. Common facilities shared across the development encourage community interaction and provide recreational opportunities for residents of all ages, from children's play areas to multipurpose community spaces.

Investment and Rental Yield Potential

For investors, 105 Serangoon North Avenue 1 presents consistent rental demand, underpinned by the neighbourhood's established character and proximity to employment nodes. The area attracts young professionals, small families, and students seeking affordable, well-connected housing, translating into relatively strong tenant uptake. Rental yields in this development typically remain competitive with other mature HDB estates, particularly given the imminent MRT station enhancement which is expected to drive incremental demand from commuters prioritising transport convenience.

The development's location in a non-mature estate area means valuations remain anchored to realistic acquisition costs, enabling investors to achieve rental yields without overpaying for location premiums. As the MRT station moves toward completion, incremental capital appreciation is likely, which may provide modest but meaningful upside for those purchasing in the near term.

Buyer Profiles and Suitability

First-time buyers benefit from the established neighbourhood character and transparent pricing typical of HDB developments, alongside government-backed financing schemes that lower entry barriers. The development's maturity means all essential amenities are already operational, removing the risk associated with waiting for future infrastructure rollout.

Upgraders moving from smaller units or first-generation HDB homes find the diverse unit mix appealing, as it accommodates growing family sizes without requiring radical relocations. The neighbourhood's proven stability reassures buyers focused on long-term value retention rather than speculative appreciation.

Portfolio investors regard developments like this as defensive holdings that generate consistent returns through rental income, supported by stable tenant demand and relatively predictable maintenance costs across the HDB sector. The imminent MRT station represents an additional catalyst for capital appreciation over the medium term.

Market Context and Neighbouring Developments

Serangoon North has evolved into a well-established residential cluster with multiple older and newer HDB projects competing for tenant interest and buyer attention. Neighbouring developments offer varying configurations and asking prices, though 105 Serangoon North Avenue 1 maintains competitive advantage through its specific location relative to the upcoming MRT station. Properties located closer to future transit nodes typically command premiums as completion dates near, a dynamic already visible in comparable developments across Singapore's expanding rail network.

The relative newness of some competing stock in nearby precincts means price differentiation often reflects unit condition, amenity scope, and exact distance to transport infrastructure. Buyers conducting comparative analysis should factor these nuances alongside broader factors such as neighbourhood commercial activity and schools serving the area.

Financing and Affordability Considerations

HDB flat purchases typically attract favourable financing outcomes compared to private residential property, with extended loan tenures and lower interest rate benchmarks available through HDB's own financing schemes and participating banks. Total debt service ratio (TDSR) calculations for this development remain manageable for median household incomes within Singapore, particularly for owner-occupier purchases that attract government subsidy and support mechanisms not available for private property acquisition.

Additional buyer's stamp duty implications should be considered by investors purchasing this as a second residential property. Singapore Citizens acquiring a second residential property incur 20% ABSD on the purchase price, materially affecting acquisition cost and return-on-investment calculations. First-time buyers and owner-occupiers upgrading from previous HDB ownership face no ABSD liability, a significant advantage that often justifies delay in investment portfolio expansion until primary residence considerations are resolved.

Lease Tenure and Long-Term Value Retention

As an HDB development, units carry 99-year leasehold tenures that reflect the standard public housing model in Singapore. The 99-year lease means that owners should anticipate gradual lease decay over decades, a dynamic that increasingly influences resale values as lease duration contracts. Current lease tenure at 105 Serangoon North Avenue 1 positions units favourably relative to much older developments where lease decay has already meaningfully compressed values, though buyers should acknowledge that lease tenure will shorten annually, eventually impacting resale and refinancing options in future decades.

The development's maturity means it has already weathered initial depreciation cycles, and resale values tend to stabilise around replacement cost levels in established HDB precincts. Buyers focused on 20- to 30-year holding periods can reasonably expect valuations to track with broader HDB market dynamics, though those contemplating purchases with shorter hold periods should carefully model lease decay impacts and potential tenant preferences for younger lease durations.

Future Supply and Market Dynamics

Serangoon North continues to receive attention from the Housing and Development Board and private developers, though the estate's mature character means large-scale greenfield development is unlikely. New supply in the district tends toward rejuvenation projects and selective infill rather than entirely new precinct creation. This supply constraint typically supports existing asset values and rental demand, as cumulative demand from population growth outpaces new unit creation in established areas.

The imminent MRT station opening should trigger incremental demand waves, particularly from commuters and first-time buyers prioritising transport convenience over other neighbourhood characteristics. Early purchasers at 105 Serangoon North Avenue 1 are likely to benefit from this transition, though timing around MRT opening dates remains subject to construction delays and government scheduling considerations.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 105 Serangoon North Avenue 1 as an investment property?

Rental yields at 105 Serangoon North Avenue 1 typically range between 3% and 4.5% gross, depending on specific unit size, floor level, and exact market conditions at purchase date. The development's location in a mature, well-served neighbourhood supports consistent tenant demand from young professionals and small families seeking affordable, well-connected housing. The imminent Serangoon North MRT Station completion should incrementally improve yield prospects by attracting additional commuter interest, though this benefit will only crystallise as the station moves toward operational status. Investors should model yields conservatively by allowing for vacancy periods, maintenance costs, and potential refinancing challenges as lease duration shortens in future decades.

How does the price per square foot at 105 Serangoon North Avenue 1 compare to recent HDB transactions in Serangoon North?

Recent comparable transactions in Serangoon North have traded at psf levels ranging approximately S$800 to S$950 depending on unit age, renovation condition, floor level, and exact distance to MRT infrastructure. 105 Serangoon North Avenue 1 units currently priced within this envelope represent fair market value relative to competing stock, though specific pricing should be benchmarked against exact transaction data from the past three months in the immediate vicinity. Units commanding premiums above this range typically reflect superior floor height, unit orientation, or enhanced proximity to the upcoming Serangoon North MRT Station. Buyers should obtain certified valuation reports and conduct comparative analysis of at least three recent resale transactions before committing to purchase, as market sentiment can shift as MRT opening approaches.

What Additional Buyer's Stamp Duty will I pay if I buy at 105 Serangoon North Avenue 1 as a second residential property?

Singapore Citizens purchasing a second residential property incur 20% ABSD on the purchase price, a material cost that must factor into acquisition and investment return calculations. For example, purchasing a unit valued at S$450,000 would trigger S$90,000 in ABSD liability payable at completion. This duty structure makes second-property investment materially more expensive than owner-occupier or first-time buyer acquisition, and investors should model this cost as a permanent reduction in available capital for downpayment and renovation. ABSD is separate from stamp duty on the purchase price itself, so total acquisition costs (downpayment, both duties, legal fees, and inspections) can easily exceed 25% of purchase price for second-time property investors. First-time buyers face no ABSD liability, making owner-occupier purchase significantly more accessible than portfolio expansion.

How will lease decay affect the resale value of units at 105 Serangoon North Avenue 1 over time?

Units at 105 Serangoon North Avenue 1 carry standard 99-year HDB leasehold tenures, meaning lease duration shortens annually and will increasingly influence resale values as decades pass. Current lease tenure positions the development favourably relative to much older estates where lease decay has already compressed values, but buyers should anticipate that lease tenure will systematically reduce unit appeal and refinancing eligibility once remaining term falls below 70 years. Resale values typically stabilise at replacement cost levels during the 80- to 100-year lease window, but accelerate downward once lease duration becomes materially constrained. Buyers planning 20- to 30-year holds should expect manageable lease decay impact, whilst those considering shorter 10-year horizons may face headwind if market sentiment toward short-lease assets strengthens during their holding period. Long-term value retention remains reasonable for this development, but lease duration must feature prominently in any multi-decade investment thesis.

How will the upcoming Serangoon North MRT Station affect demand and capital appreciation at 105 Serangoon North Avenue 1?

The Serangoon North MRT Station, currently under construction and positioned approximately 800 metres (10-minute walk) from the development, represents a significant positive catalyst for future demand and valuations. Imminent MRT connectivity typically drives incremental capital appreciation as stations near completion, with commuters and first-time buyers repricing properties to reflect transport convenience. Historical precedent across Singapore shows that HDB developments gain 5% to 15% capital appreciation in the 12 to 24 months following MRT station opening, as baseline tenant demand strengthens and property search algorithms increasingly weight proximity to rapid transit. 105 Serangoon North Avenue 1 purchasers positioned ahead of MRT opening are likely to capture some of this appreciation upside, though timing remains subject to construction delays and government scheduling. Post-opening, the development should experience sustained demand from commuters prioritising rapid transit access, translating into more resilient rental yields and faster turnover for resale properties.

Is 105 Serangoon North Avenue 1 suitable for first-time homebuyers, upgraders, or portfolio investors?

105 Serangoon North Avenue 1 caters effectively to all three buyer profiles, though each should weigh different considerations. First-time buyers benefit from established neighbourhood maturity, government financing schemes with extended tenures and lower rates, and zero ABSD liability, making entry costs genuinely affordable relative to private residential alternatives. Upgraders moving from smaller units appreciate the diverse unit mix accommodating growing family sizes, plus neighbourhood infrastructure already operational and tested. Portfolio investors regard the development as a defensive holding with stable tenant demand, modest rental yields, and reasonable capital appreciation prospects tied to imminent MRT station completion. The development's strength lies in accommodating multiple buyer motivations simultaneously, though each profile should conduct financial modelling specific to their circumstances before committing purchase.

What are TDSR and financing headroom implications for purchasing at 105 Serangoon North Avenue 1?

Total Debt Service Ratio calculations for HDB purchases typically remain more favourably constrained than private residential property, with most banks applying 60% TDSR caps for salaried borrowers and HDB providing extended loan tenures up to 30 years. At typical price points across 105 Serangoon North Avenue 1 (ranging from approximately S$400,000 to S$550,000 depending on unit configuration), owner-occupier buyers with median household incomes face manageable TDSR challenges, particularly if purchasing jointly or utilising partner income in applications. First-time buyers benefit from HDB's own housing financing schemes offering rates approximately 0.6% below market bank rates, substantially improving affordability. Portfolio investors face tighter TDSR constraints as banks generally apply 55% TDSR caps for investment property lending, and some institutions restrict HDB lending for non-owner-occupiers entirely. Buyers should obtain in-principle approval from preferred lenders before making offers, as financing eligibility ultimately caps purchasing power regardless of savings accumulated.

How does 105 Serangoon North Avenue 1 compete with other nearby HDB developments in Serangoon North?

105 Serangoon North Avenue 1 occupies a competitive position within the broader Serangoon North HDB cluster, competing primarily on proximity to the upcoming MRT station and unit configuration diversity. Neighbouring developments vary in age, renovation condition, and exact location relative to commercial precincts, with some newer stock offering enhanced amenities but commanding price premiums. The development's key differentiator lies in its specific distance to Serangoon North MRT Station—properties located closer typically command valuation premiums as station opening approaches. Comparative analysis across competing Serangoon North estates reveals pricing variations of 5% to 12% reflecting these locational and amenity differences. Buyers should physically visit multiple developments and conduct psf benchmarking against recent transaction data before deciding, as identical floor plates in proximate estates can display meaningful price variation based on perceived MRT proximity and estate maintenance standards.

Which unit stack or floor level offers best value for money at 105 Serangoon North Avenue 1?

Lower and middle floor units (typically levels 2–8) at 105 Serangoon North Avenue 1 offer superior value relative to higher floors, as HDB pricing conventions typically apply modest premiums for upper storeys that often underweight genuine utility gain. Ground-floor and first-storey units attract discounts that sometimes overshoot actual demand suppression, meaning savvy buyers can capture value by accepting lower elevations and benefiting from direct stairwell access and lower renovation difficulty. Middle floors represent a sweet spot between value and desirability, attracting broad tenant interest without the upper-storey premiums. Unit orientation and window positioning exert material influence on liveability and rental appeal, often outweighing floor-level considerations; corner units and those with dual-aspect windows command premiums justified by superior natural light and cross-ventilation. Buyers should prioritise unit configuration and orientation alignment with their own space requirements before allowing floor level to drive purchasing decisions, as renovation and retrofit costs often dwarf the modest long-term capital gains attributable to storey level alone.

What is the likely future supply pipeline for HDB developments in the Serangoon North district?

Serangoon North's mature neighbourhood character means large-scale greenfield HDB development is unlikely in the foreseeable future, with the Housing and Development Board instead focusing on selective infill projects and estate rejuvenation programmes. Recent government announcements have emphasised intensification in mature estates rather than outward expansion, suggesting cumulative demand from population growth will increasingly outpace new unit creation in established precincts like Serangoon North. This supply constraint typically supports existing asset values and rental demand, as fewer newly completed units mean existing stock captures higher proportion of tenant interest and resale buyer attention. The Kallang–Hougang corridor more broadly faces similar constraints, with most new HDB development concentrating in areas like Tengah and expanded eastern precincts. This supply-constrained outlook supports medium-term price resilience and rental demand for 105 Serangoon North Avenue 1, though buyers should acknowledge that incremental capital appreciation will likely track inflation rather than outpacing broader HDB sector performance substantially.

Hdb Flat At Serangoon North Avenue 1 — From S$3,000