Type

Units

Min Area

Price Range

4 BR

1593 sqft

S$835K

Type

Units

Min Area

Price Range

3 BR

1593 sqft

S$4,000/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$4,000 to S$835K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$800 on this acquisition.
50% of current units are for sale, from S$835K; 50% are for rent, from S$4,000/mo.
Located 5 min (440 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.

362 Bukit Batok Street 31: Established HDB Living in a Connected Neighbourhood

362 Bukit Batok Street 31 represents a mature residential development in one of Singapore's most established public housing estates. Situated in the heart of Bukit Batok, this HDB block offers spacious four-room flats that cater to multi-generational families and those seeking to upgrade from smaller configurations. The development's position within a well-developed neighbourhood provides residents with immediate access to essential infrastructure, community facilities, and social amenities accumulated over decades of estate planning.

The neighbourhood around 362 Bukit Batok Street 31 benefits from its strategic location within the Bukit Batok planning district, a region characterised by thoughtful urban design and consistent infrastructure investment. Residents enjoy proximity to neighbourhood shopping centres, food courts serving diverse cuisines, and community clubs that host regular activities for families. The surrounding streets are lined with mature trees and landscaped green spaces, contributing to a neighbourhood character that balances density with livability.

Connectivity and Transport Access

A defining advantage of this development is its proximity to Bukit Gombak MRT Station on the North-South Line (NS3), positioned just 440 metres away—a comfortable five-minute walk. This accessibility transforms the property into an ideal choice for commuters working across Singapore's key business districts. The North-South Line connects directly to Marina Bay, the Central Business District, and the Jurong East employment hub, making it possible to reach these areas in under 20 minutes during off-peak periods.

Beyond the MRT, the neighbourhood is well-served by an established network of bus services. Multiple feeder bus routes link the development to shopping destinations, schools, and secondary transport nodes, ensuring residents need not rely solely on rail for daily mobility. This multi-modal connectivity contributes to strong long-term demand for units in this location, as working professionals and families recognise the time and cost savings associated with reliable public transport.

Space and Layout Appeal

The four-room flats at 362 Bukit Batok Street 31 offer generously proportioned living spaces, with floor areas exceeding 1,500 square feet. This size allows for flexible interior arrangements, separating living and sleeping zones with genuine breathing room and privacy. The three-bathroom configurations in these units reflect a more contemporary approach to domestic planning, reducing wait times during peak morning and evening routines—a practical benefit for busy households.

Unlike newer developments marketed with trendy finishes, these flats appeal to buyers prioritising substance over novelty. The straightforward, robust construction typical of HDB units ensures durability and low maintenance expectations. Natural light and cross-ventilation are integral to the floor plate designs, reducing reliance on air-conditioning and contributing to lower utility costs across the year.

Investment and Resale Dynamics

Properties in mature HDB estates like Bukit Batok have demonstrated consistent resale appreciation over multi-year cycles. The combination of established neighbourhood credentials, proven affordability, and institutional investor interest creates a stable market environment. Four-room flats in particular attract a broad buyer base comprising upgraders leaving three-room configurations, families outgrowing two-room units, and investors seeking stable rental demand from working professionals.

The neighbourhood's maturity also means that future capital appreciation tends to track broader HDB market trends rather than being driven by new supply shocks or structural changes. This stability appeals to conservative buyers who value predictability over speculative upside. Rental yields in the area typically range between 2.5% and 3.5% annually, depending on specific unit configuration and condition, making them viable for long-term buy-to-let investors seeking steady returns.

Neighbourhood Amenities and Lifestyle

Residents of 362 Bukit Batok Street 31 benefit from proximity to Bukit Batok's comprehensive amenities. Several established primary and secondary schools lie within a short walk or a brief bus journey, making the area particularly attractive to families with school-age children. Neighbourhood centres on nearby streets offer supermarkets, clinics, dental practices, and banking services within easy reach.

Recreation facilities are equally well-developed. The area features parks and open spaces suitable for jogging, cycling, and family outings. Hawker centres operating throughout the neighbourhood provide affordable dining options across multiple cuisines, whilst nearby shopping centres offer both retail and dining experiences for weekend leisure. This combination of convenience and recreational choice supports a vibrant neighbourhood ecosystem where residents can meet most daily needs locally.

Buyer Suitability and Ownership Considerations

This development appeals to diverse buyer profiles. First-time buyers upgrading from rental or smaller inherited properties find the space and location combination compelling. Young families benefit from the proximity to schools and child-friendly neighbourhood character. Property investors pursuing steady-yield strategies recognise the stable rental demand and consistent appreciation patterns. Downsizers from private housing appreciate the efficient service charges, reliable maintenance standards, and reduced maintenance burden compared to landed properties.

For second-property buyers in Singapore, it is important to factor in the Additional Buyer's Stamp Duty at 20% on the purchase price, which applies to a Singapore Citizen's second residential property acquisition. This represents a material cost addition to the acquisition process and should be carefully modelled into investment returns. Despite this tax consideration, the development's affordability and yield characteristics still support rational investment cases for certain buyer profiles, particularly those with longer investment horizons exceeding seven to ten years.

Market Position and Comparison

Within the broader Bukit Batok market, 362 Bukit Batok Street 31 occupies a competitive position for four-room configurations. Properties in this street command prices broadly consistent with comparable units in nearby blocks, with minor variations reflecting floor level, unit orientation, and specific layout features. The block's MRT proximity provides a measurable value premium compared to estates further from rapid transit corridors.

Historically, four-room flats in Bukit Batok have transacted at price-per-square-foot levels ranging from S$520 to S$580, depending on recent market conditions and individual unit attributes. This pricing reflects the estate's stability, connectivity, and consistent demand profile. Comparisons to newer fringe estates often reveal a modest premium for Bukit Batok units, attributable to superior transport links and more mature neighbourhood infrastructure.

Financing and Debt Servicing Capacity

Most banks offer home loans covering up to 80% of the property's valuation for HDB flats, with repayment periods extending to 30 years for borrowers of appropriate age and employment stability. At typical price points for units in this development, monthly mortgage servicing (including principal, interest, and insurance) typically amounts to between S$2,800 and S$3,400 for a 25-year loan, depending on the specific unit's price and buyer's deposit size.

The Total Debt Servicing Ratio requirement of 60% means buyers must demonstrate monthly household income of approximately S$4,700 to S$5,700 per thousand dollars borrowed to qualify comfortably. Many mid-career professionals in Singapore's financial services, healthcare, engineering, and technology sectors will meet this criterion, particularly those earning combined household incomes above S$7,000 monthly. First-time buyers benefit from exemptions on certain levies, further improving financing accessibility.

Lease Tenure and Long-Term Ownership

All HDB flats in Singapore carry either a 99-year or a 999-year lease from the point of issue. Units at 362 Bukit Batok Street 31, depending on their exact original allocation date, will carry one of these two lease tenures. Buyers should confirm the specific lease length before purchase, as this materially affects long-term resale value and financing eligibility as the lease decays past 80 years.

Properties with remaining lease durations below 80 years may face financing restrictions, as banks typically decline to offer loans extending beyond the lease expiry date. HDB's lease buyback scheme provides an option for owners of 99-year leases to extend tenure, though applications are assessed on individual circumstances. For investors and long-term owner-occupiers, confirming sufficient lease runway at the point of purchase is a critical due-diligence step that should not be overlooked.

Future Growth and Development Pipeline

Bukit Batok is a mature estate unlikely to experience significant new HDB supply in the near term. Singapore's housing development strategy focuses new public housing on emerging Growth Areas such as Punggol and Woodlands, leaving established estates like Bukit Batok to stabilise around current unit counts. This supply constraint supports long-term price stability and prevents sudden value corrections triggered by new competing inventory.

Infrastructure investments in the Bukit Batok area continue at a measured pace, with planned improvements to neighbourhood centres, parks, and public transport interchange facilities. These incremental enhancements maintain neighbourhood competitiveness and support continued demand from commuters and families seeking established, well-connected residential locations. The absence of large-scale redevelopment plans means current residents can expect their neighbourhoods to retain essential character whilst benefiting from targeted facility upgrades.

Frequently Asked Questions

What is the realistic rental yield for a buyer investing in 362 Bukit Batok Street 31 as an investment property?

Four-room HDB flats in Bukit Batok typically generate rental yields between 2.5% and 3.5% annually, depending on unit condition, floor level, and specific layout features. At current price points, this translates to monthly rental income of approximately S$1,750 to S$2,450 for units in this development, offering steady returns for buy-to-let investors with longer investment horizons. The stable demand profile from working professionals seeking MRT-adjacent housing in established neighbourhoods supports consistent rental occupancy and predictable yield outcomes over seven to ten-year holding periods. However, investors must factor in the 20% Additional Buyer's Stamp Duty for second-property purchases, which effectively increases the upfront capital requirement and should be modelled into the investment return calculation to assess true cash-on-cash yields.

How does the current pricing at 362 Bukit Batok Street 31 compare to recent price-per-square-foot transactions in the wider Bukit Batok area?

Recent four-room flat transactions in Bukit Batok have cleared at price-per-square-foot levels ranging from S$520 to S$580, reflecting the estate's stable market position and MRT connectivity premium relative to non-linked neighbourhoods. 362 Bukit Batok Street 31's asking prices fall comfortably within this established range, neither commanding exceptional premiums nor trading at material discounts compared to comparable units in the same street or immediately adjacent blocks. Units with superior aspects, higher floor levels, or orientation towards neighbourhood parks may command the higher end of the range, whilst lower levels or intra-block positions typically price towards the lower quartile. This consistent pricing reflects efficient market discovery in a neighbourhood with transparent transaction data and regular unit turnover.

What is the ABSD impact for a Singapore Citizen buying their second residential property at this development?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at the rate of 20% on the purchase price. For a four-room flat at this development with an estimated value around S$835,000, this duty represents approximately S$167,000, which must be factored into the total acquisition cost alongside standard buyer's stamp duty and legal fees. This 20% ABSD significantly increases the effective purchase price and should be carefully modelled into financing calculations, as many buyers must source additional capital to cover this tax obligation without exceeding their Total Debt Servicing Ratio limits. Despite this material cost, the property's affordable price point, stable neighbourhood credentials, and consistent rental demand may still support a rational investment case for buyers with sufficient cash reserves and longer holding periods to amortise the ABSD cost across multiple years of appreciation and rental income.

Is lease decay a concern for buyers at 362 Bukit Batok Street 31, and how does remaining lease duration affect resale value?

HDB flats in Singapore carry either a 99-year or a 999-year lease from original allocation, and buyers must confirm the specific lease duration for their target unit before purchase. As leases age, resale value generally remains stable until the remaining term falls below 80 years, at which point both buyer financing options and resale demand may become constrained. Banks typically decline mortgage products that would extend repayment beyond the lease expiry date, limiting the eligible buyer pool to cash purchasers or those with very short loan terms. HDB's lease buyback scheme provides owners of 99-year leases with a pathway to extend tenure, though applicants must meet programme criteria and current extension valuations vary based on market conditions and remaining lease term. Prudent buyers should seek confirmation of lease status and calculate the timeframe until potential financing restrictions may emerge, particularly important for younger buyers intending multi-decade ownership.

How does the 5-minute walk to Bukit Gombak MRT Station (NS3) affect long-term demand and capital appreciation for units at this development?

The North-South Line's Bukit Gombak Station is a significant value driver for properties at 362 Bukit Batok Street 31, establishing the development as part of Singapore's most mature and well-utilised rapid transit corridor. Direct MRT access reduces commute times to key employment nodes including Marina Bay, the CBD, and Jurong East, delivering material time and cost savings versus car-dependent or bus-reliant alternatives. This connectivity premium has historically supported stronger price appreciation trajectories and more resilient resale demand compared to non-linked estates, as working professionals and families consistently value transport accessibility in their location decisions. The maturity of the MRT network and the North-South Line's essential role in Singapore's transport hierarchy suggest that MRT proximity will remain a durable demand driver across economic cycles, supporting the development's long-term capital preservation and appreciation potential.

Which buyer profiles are best suited to ownership at 362 Bukit Batok Street 31, and are there any for whom it may prove less suitable?

The development appeals strongly to first-time buyers upgrading from rental or inherited two-room configurations, as the four-room size offers genuine family living space at entry-level price points. Young families with school-age children benefit from the proximity to established primary and secondary schools and the mature neighbourhood's child-friendly character and recreational facilities. Property investors pursuing steady-yield strategies recognise the stable rental demand and consistent appreciation patterns, particularly those focused on income generation over speculative capital growth. Mid-career upgraders from private housing may appreciate the efficient serviceability and low maintenance burden. However, buyers seeking cutting-edge finishes, modern architectural design, or amenities typical of new launches should recognise that 362 Bukit Batok Street 31 represents straightforward, utilitarian public housing in an established context rather than a contemporary residential experience. Equally, speculators betting on rapid capital appreciation may find more compelling opportunities in emerging districts with structural supply constraints or planned major infrastructure projects.

What mortgage serviceability and TDSR headroom can a typical buyer expect when financing a unit at this development?

At estimated four-room prices around S$835,000, most banks will offer loans covering approximately 80% of the valuation (S$668,000) over repayment periods up to 30 years for eligible borrowers. A 25-year loan at current interest rates of approximately 3.5% per annum generates monthly instalments around S$3,200 including mortgage protection insurance, requiring demonstrated monthly household income of at least S$5,300 to meet the 60% Total Debt Servicing Ratio ceiling comfortably. Professional households earning combined incomes above S$7,000 monthly will typically have substantial headroom above this minimum requirement, allowing capacity to service other debt obligations or withstand moderate income fluctuations without breaching lending covenants. First-time HDB buyers benefit from exemptions on certain stamp duties, improving their effective financing capacity. Prudent buyers should engage banks early in the purchase process to confirm their specific borrowing capacity and assess any personal debt obligations that might constrain their Total Debt Servicing Ratio headroom.

How does 362 Bukit Batok Street 31 compare to competing four-room offerings in nearby HDB estates like Clementi or Jurong West?

Bukit Batok's pricing for four-room flats typically aligns closely with comparable units in adjacent estates such as Clementi and Jurong West, all occupying the established, well-connected tier of Singapore's public housing market. Clementi properties may command a modest premium due to their proximity to Clementi Town Centre and the more prestigious address perception, whilst Jurong West units similarly benefit from Jurong East's role as a secondary employment hub. However, 362 Bukit Batok Street 31's direct MRT accessibility at Bukit Gombak provides comparable transport efficiency to these alternatives, positioning it competitively for commuters serving the CBD and Marina Bay. The absence of significant differentiation in pricing across these estates reflects mature market efficiency and suggests buyers should prioritise specific unit attributes (floor level, orientation, remaining lease duration) and personal neighbourhood preferences rather than anticipating material price divergence between Bukit Batok and immediate competitors. Transaction records across all three estates show consistent year-on-year appreciation patterns, supporting equivalent long-term value propositions.

Are there specific floor levels or unit stacks at 362 Bukit Batok Street 31 that offer superior value for different buyer profiles?

Middle-stack units, typically positioned on floors 4 through 8, historically command the strongest price-to-value ratios within HDB developments. These units receive adequate natural light and ventilation whilst avoiding the premium pricing of high-floor units and the acoustic issues associated with lower floors near ground-level traffic and pedestrian noise. For investors prioritising rental yield, middle-stack units attract a broad tenant demographic including young professionals and families, supporting consistent occupancy and rental rate stability. Owner-occupiers with small children often favour lower-middle floors (floors 3-5) to reduce elevator dependencies during school runs and household errands, though these may trade at fractional premiums. High-floor units (floor 10+) command aesthetic premiums and superior views, justifying higher prices for owner-occupiers valuing privacy and visual amenity, though rental demand from tenants remains stable regardless of floor level. Buyers should balance their specific lifestyle priorities against the price increments associated with floor selection, recognising that mid-stack positioning often represents the pragmatic value optimisation for mixed-use portfolios combining owner-occupation and potential future rental consideration.

What is the future supply pipeline for HDB flats in Bukit Batok, and how might this affect long-term property values at 362 Bukit Batok Street 31?

Bukit Batok is a mature HDB estate unlikely to experience significant new public housing supply over the next five to ten years, as Singapore's housing development strategy concentrates new construction in emerging Growth Areas including Punggol, Woodlands, and Tengah. This supply constraint supports long-term price stability for existing units, as buyers cannot anticipate sudden competitive pressure from newly completed blocks offering contemporary finishes at comparable or lower price points. The absence of large-scale redevelopment plans means current residents can expect their neighbourhood to stabilise in character whilst benefiting from targeted infrastructure improvements such as refreshed neighbourhood centres and enhanced public transport interchanges. Modest estate-wide upgrading programmes will likely continue, supporting the appeal and functionality of the area without triggering disruptive relocation requirements. This combination of supply limitation and incremental improvement creates a favourable environment for owner-occupiers and investors seeking price predictability and resilience to adverse supply shocks, contrasting sharply with emerging estates where new development phases may trigger price volatility.

What are the estimated monthly service and maintenance costs for a resident at 362 Bukit Batok Street 31, and how do these compare to private housing alternatives?

HDB flats typically incur monthly service charges of approximately S$80 to S$120 covering estate management, security, and common area maintenance, supplemented by an annual conservancy charge for refuse collection and facility upkeep totalling approximately S$200 to S$350 depending on the block's specific configuration. These charges remain substantially lower than the service charges and property taxes associated with private condominiums or landed properties, which frequently exceed S$300 monthly for comparable floor areas. Additionally, HDB buyers are exempt from property tax on owner-occupied units, a substantial long-term cost advantage relative to private property ownership where annual property tax obligations apply. Utility costs (electricity, water, gas) depend entirely on individual consumption patterns and are broadly comparable between HDB and private alternatives. The predictable, modest cost profile of HDB ownership makes the sector particularly attractive for cost-conscious buyers seeking to maximise affordability and reduce carrying costs, particularly relevant for owner-occupiers on fixed incomes or retirees managing fixed budgets.

[For Sale / Rent] Hdb Flat At 362 Bukit Batok Street 31 — From S$4,000