Type

Units

Min Area

Price Range

Other

150 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 4 min (320 m) from NS3 Bukit Gombak 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.

370 Bukit Batok Street 31: A Cornerstone HDB Development in West Singapore

Located at 370 Bukit Batok Street 31, this established HDB development sits within one of Singapore's most sought-after public housing zones. The property is positioned in the heart of Bukit Batok, a mature residential enclave that has steadily built its reputation as a desirable neighbourhood for families, young professionals, and investors seeking stable, long-term value. This development exemplifies the accessibility and practicality that characterise Singapore's public housing landscape.

The proximity to NS3 Bukit Gombak MRT station—just a 4-minute walk away, approximately 320 metres—is a significant draw for residents who commute regularly. The North-South Line connection provides direct routes to the Central Business District, major employment hubs, and educational institutions across the island. For daily commuters, this convenience translates into meaningful time savings and reduced transport costs, factors that consistently influence both owner-occupancy decisions and rental appeal.

Strategic Location and Neighbourhood Character

Bukit Batok has matured into a well-rounded residential district over the past few decades. The neighbourhood benefits from the presence of multiple primary and secondary schools, community centres, sports facilities, and healthcare services. Nearby shopping options, hawker centres, and supermarkets cater to everyday needs, whilst larger commercial hubs remain easily accessible via the MRT network. The area strikes a balance between residential tranquility and urban convenience, a quality that appeals to diverse buyer profiles.

The development's location within this established precinct means it has access to all the infrastructure and social amenities that characterise a mature HDB town. Residents benefit from well-maintained common spaces, community programmes, and the social stability that comes with an established residential fabric. This maturity also supports consistent rental demand, as the neighbourhood continues to attract tenants seeking affordable, well-serviced accommodation in a connected location.

Unit Specifications and Space Configuration

The units at 370 Bukit Batok Street 31 are configured as compact residential spaces, with approximately 150 square feet of floor area. This modest footprint suits first-time homebuyers entering the property market, investors seeking to build rental portfolios, and downsizers looking to reduce maintenance responsibilities. The intimate layout encourages efficient living and appeals particularly to those who prioritise location and connectivity over expansive square footage.

Compact HDB units of this size have proven resilient in Singapore's rental market, as they cater to working professionals, students, and others seeking affordable, centrally-located accommodation. The affordability combined with MRT accessibility creates a reliable tenant base, making units here attractive to buy-to-rent investors. The straightforward floor plans also simplify property management and maintenance, reducing landlord overhead.

Investment Potential and Rental Yield Considerations

For investors evaluating this development, the rental market dynamics of Bukit Batok present a compelling case. The proximity to Bukit Gombak MRT station and the neighbourhood's maturity create steady demand from tenants who value connectivity and affordability. Compact units in this catchment typically command rental yields that compare favourably to larger units in equivalent locations, as the rental income is generated from a lower capital base. However, prospective investor-purchasers should factor in maintenance fees, property taxes, and the realistic rental rates for units of this configuration in the current market.

The development's accessibility and the proven demand for rental accommodation in the precinct suggest that units here could perform steadily as income-generating assets. Investors should conduct detailed yield analysis specific to their target unit size and configuration, accounting for Bukit Batok's supply dynamics and tenant preferences. Long-term capital appreciation potential is supported by the established neighbourhood status and continued urban development across west Singapore.

Financing and Affordability Considerations

The pricing structure at 370 Bukit Batok Street 31 positions this development as an accessible entry point for buyers navigating Singapore's property market. First-time homebuyers benefit from concessionary loan-to-value ratios and lower financing hurdles, making the overall cost of ownership relatively manageable. The modest unit sizes also align well with first-time buyer budgets and lending criteria, reducing the financial strain of property acquisition.

For second-property purchasers, Additional Buyer's Stamp Duty at 20% applies to the acquisition, increasing the total transaction cost materially. Buyers should factor this substantial duty into their decision-making and overall investment returns. The development's affordability helps offset this additional tax burden, but thorough financial planning remains essential for second-property investors.

Resale Market and Long-Term Value Dynamics

HDB developments in established neighbourhoods like Bukit Batok demonstrate stable resale value trajectories over time. The proven demand from tenants, owner-occupiers, and downsizers creates a liquid resale market with regular transaction flow. The mature neighbourhood status, coupled with consistent MRT connectivity, supports long-term capital retention and moderate appreciation potential. Buyers should view ownership here as a stable, lower-volatility investment relative to newer or more speculative developments.

The resale appeal of compact units in this location benefits from the broad tenant and buyer base seeking affordable, well-connected accommodation. Prospective sellers can typically expect a manageable holding period and reasonable exit terms, supported by the neighbourhood's enduring desirability and the MRT accessibility that continues to underpin demand across market cycles.

Suitability for Different Buyer Profiles

First-time homebuyers find compelling value in this development, as the combination of affordability, MRT access, and neighbourhood maturity creates a low-risk entry into property ownership. Young professionals working in central business districts benefit directly from the short commute to Bukit Gombak MRT, reducing daily transport time and costs. Investors seeking buy-to-rent opportunities appreciate the steady rental demand and positive yield dynamics in a mature, well-serviced neighbourhood.

Downsizers and retirees increasingly consider compact HDB units in connected locations like this, viewing the reduction in space and maintenance as a positive lifestyle choice. The established community and social infrastructure appeal to these demographics, who value proximity to healthcare, amenities, and public transport. The lower ownership costs and simplified property management align well with downsizing objectives.

Market Comparison and Competitive Positioning

Properties at 370 Bukit Batok Street 31 compete primarily with other HDB units in the Bukit Batok precinct and adjacent neighbourhoods connected to the North-South Line. The development's advantage lies in its established status, MRT proximity, and the comprehensive neighbourhood amenities that have accumulated over decades. Recent price-per-square-foot transactions in the area provide useful benchmarks for evaluating value; prospective buyers should analyse comparable sales within the same neighbourhood to assess pricing competitiveness.

The maturity of Bukit Batok as a residential zone means the development does not face significant competition from newer estates still establishing themselves. Instead, it competes on the basis of proven desirability, stability, and the tangible benefits of a fully-serviced, established neighbourhood—factors that appeal particularly to pragmatic buyers prioritising connectivity and reliability over novelty.

Future Supply and Market Outlook

The Bukit Batok area is well-established in Singapore's residential landscape, with limited room for significant new HDB developments in the immediate precinct. This supply constraint supports long-term value stability and resale demand, as the neighbourhood's housing stock remains relatively fixed. Prospective buyers benefit from knowing that competition from new supply will remain limited, providing a degree of insulation from price volatility driven by heavy new launches.

Urban renewal and upgrading programmes in mature HDB estates like Bukit Batok continue to enhance neighbourhood appeal and property values. Such initiatives typically improve facilities, landscaping, and community spaces, generating positive externalities for existing residents and maintaining long-term market demand. The development's position within this ecosystem of ongoing improvement suggests stable, modestly appreciating fundamentals over extended holding periods.

Frequently Asked Questions

What is the estimated gross rental yield for units at 370 Bukit Batok Street 31?

Gross rental yields for compact HDB units in Bukit Batok typically range from 3% to 4.5% depending on the exact unit configuration and current market rental rates. At the monthly rental benchmark of around S$1,300, a unit purchased at modest price points would generate gross yields within this spectrum before accounting for management fees, property taxes, and maintenance costs. Investors should conduct due diligence on actual rental rates for comparable units in the immediate precinct, as yields vary based on floor level, unit size, and specific building standing. Net yields after all expenses will be materially lower and should be calculated carefully when evaluating investment returns.

How do recent price-per-square-foot transactions in Bukit Batok compare to asking prices at this development?

Recent HDB transactions in the Bukit Batok area typically range from approximately S$700 to S$900 per square foot, depending on unit age, floor level, and specific location within the neighbourhood. Units at 370 Bukit Batok Street 31, given the development's established status and MRT proximity, generally position themselves within this range or slightly above, reflecting the premium assigned to connectivity and neighbourhood maturity. Prospective buyers should verify current comparable sales in the immediate precinct through HDB transaction databases and engage professional valuers to confirm whether quoted prices align with recent market movements. Price-per-square-foot analysis remains essential for identifying value opportunities within the Bukit Batok market.

What Additional Buyer's Stamp Duty (ABSD) applies if I purchase as a second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty of 20%, a substantial tax that significantly increases the total cost of acquisition. For example, on a purchase price of S$400,000, ABSD would amount to S$80,000, materially affecting investment returns and financing requirements. This duty applies on top of standard Buyer's Stamp Duty and must be factored into comprehensive financial planning and yield calculations. Investors should consult a property lawyer or tax advisor to understand the full tax implications of a second-property purchase and model the impact on overall returns.

Is there any lease decay risk with units at 370 Bukit Batok Street 31, and how does it affect resale value?

HDB units in Singapore are typically granted a 99-year lease from the date of construction, and lease tenure directly influences long-term resale value and financing feasibility. As leases approach the 30-year mark and beyond, banks typically reduce loan-to-value ratios and lending tenors, making units progressively more difficult to finance for successive buyers. At the point where a lease falls below 60 years, resale liquidity and buyer interest may decline noticeably, potentially compressing prices. For units at 370 Bukit Batok Street 31, prospective buyers should verify the exact lease commencement date and calculate the remaining lease tenure to assess future financing risk and resale timeline. Lease decay is not an immediate concern for newly-built or recently-acquired units, but becomes a material consideration for longer-held properties.

How does proximity to NS3 Bukit Gombak MRT station influence demand and capital appreciation?

MRT proximity is one of the strongest demand drivers for HDB properties in Singapore, and the 4-minute walk to Bukit Gombak station creates a meaningful competitive advantage for units at this development. Direct North-South Line connectivity positions residents just minutes from the Central Business District, major employment zones, and educational institutions, reducing daily commute times and transport costs—factors that consistently drive rental demand and owner-occupier interest. Historically, properties within 5 to 10 minutes' walk of an MRT station command price premiums of 10% to 20% relative to comparable units further away, reflecting the tangible time and cost savings associated with transit access. Long-term capital appreciation tends to be more resilient in MRT-proximate developments, as connectivity remains a permanent feature of the neighbourhood and adapts well to changing employment patterns and urban development.

Which buyer profiles are best suited to units at 370 Bukit Batok Street 31?

First-time homebuyers find compelling value in this development due to the affordable entry price, accessible financing terms, and proven neighbourhood stability that reduces downside risk on a first property purchase. Young professionals working in the CBD or business districts along the North-South Line benefit directly from the short commute and lower transport costs, making ownership financially attractive relative to renting. Property investors seeking stable rental income appreciate the consistent tenant demand for affordable, MRT-connected units, the straightforward property management of compact flats, and the positive yield dynamics relative to capital deployed. Downsizers and retirees increasingly consider units here as a means to reduce housing costs, simplify maintenance, and remain connected to established communities with full amenity access, making the development well-suited to this demographic as well.

What TDSR headroom and financing capacity do buyers typically have at this development's price points?

Total Debt Servicing Ratio (TDSR) limits cap monthly debt service at 60% of gross household income for HDB loan applicants, and the modest purchase price of units at 370 Bukit Batok Street 31 typically allows first-time buyers and moderate-income households to remain comfortably within lending parameters. A unit priced around S$400,000 with a 90% LTV loan (common for first-time buyers) generates a monthly mortgage of approximately S$2,000 to S$2,200, well within TDSR limits for household incomes above S$4,000 to S$5,000 per month. Second-property purchasers face the additional ABSD duty and stricter LTV caps, reducing financing headroom and potentially requiring a larger down payment. Prospective buyers should conduct detailed debt-servicing calculations specific to their household income and existing liabilities, and engage HDB or a mortgage broker to confirm pre-approval parameters before committing to an offer.

How does 370 Bukit Batok Street 31 compare to competing HDB developments in adjacent neighbourhoods?

The development competes primarily with other HDB units in Bukit Batok proper and adjacent mature estates such as Bukit Panjang and Clementi, which are served by the North-South Line or nearby alternatives. The key competitive advantage of 370 Bukit Batok Street 31 is its established neighbourhood status, with decades of stable community infrastructure, amenities, and proven resident demand. Competing developments in newer estates may offer larger unit sizes or fresher facilities, but often lack the comprehensive amenity ecosystem and social fabric that characterise Bukit Batok. Price-per-square-foot comparisons typically show units here positioned in the mid-range for the Bukit Batok precinct, reflecting the balance between established desirability and the modest footprint of compact flats. Buyers should analyse comparable recent transactions in competing locations to confirm value positioning.

Are certain unit stacks or floor levels better positioned for value retention and resale?

Lower-floor units typically command price discounts of 5% to 10% relative to mid-floor equivalents, reflecting buyer preferences for privacy and reduced noise from ground-level foot traffic and vehicle movement. Mid-floor units (approximately floors 4 to 12) generally achieve the strongest balance of value and amenity, offering privacy and natural light without excessive altitude and associated noise or wind exposure. Higher-floor units may appeal to specific buyer segments seeking enhanced views and further distance from street activity, but in compact HDB flats these advantages may not justify a significant price premium. For purposes of resale value and broad market appeal, mid-floor units typically prove most liquid and price-resilient across market cycles. Units with corner or end-of-block positioning may have marginally differentiated appeal depending on external views and sun exposure, and merit individual assessment.

What is the future supply pipeline in the Bukit Batok area, and how might it affect long-term property values?

Bukit Batok is a fully-developed, mature HDB estate with limited room for significant new residential supply in the immediate precinct, a supply constraint that supports long-term value stability and resale demand. Singapore's Housing and Development Board has completed major development in this area, and future housing supply growth is more likely to occur in new frontier towns and transformation sites elsewhere in the island. This supply scarcity benefits existing developments like 370 Bukit Batok Street 31 by insulating them from competition driven by heavy new launches, reducing volatility in property values and maintaining steady resale liquidity. Urban renewal and upgrading programmes targeted at mature estates continue to enhance neighbourhood appeal and property values, generating positive externalities for existing residents and supporting long-term demand. Prospective buyers can expect moderate, stable capital appreciation rather than volatile swings linked to neighbourhood-level supply dynamics.

[For Rent] Hdb Flat At 370 Bukit Batok Street 31 — From S$1,300