Type

Units

Min Area

Price Range

Other

100 sqft

S$800/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.

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?

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112A Depot Road: An HDB Opportunity in Bukit Merah

112A Depot Road presents a residential offering within Singapore's established public housing landscape. Located in the Bukit Merah district, this address sits within a neighbourhood known for its maturity, community integration, and accessibility to essential services. The property represents a segment of Singapore's diverse HDB portfolio, catering to buyers seeking entry-level accommodation or investors examining yield opportunities within the public sector housing market.

Understanding the Bukit Merah Locale

Bukit Merah has evolved into a well-established residential enclave characterised by mixed-use development and longstanding community infrastructure. The district benefits from decades of urban planning and has attracted consistent demand from multiple buyer profiles. Proximity to commercial nodes, educational institutions, and healthcare facilities contributes to the area's appeal. The neighbourhood's maturity also means established social networks, established food courts, and mature greenery that newer developments often take years to cultivate.

The Depot Road address places residents within walking distance of neighbourhood shops and food establishments. Local markets and informal retail clusters serve the day-to-day needs of residents, reducing reliance on distant shopping centres. Community centres and void deck activities remain vibrant features of HDB estates, fostering social cohesion and providing recreational opportunities for families and older residents alike.

Market Position and Buyer Suitability

HDB flats at 112A Depot Road appeal to distinct buyer segments within Singapore's property market. First-time buyers benefit from lower entry costs compared to private residential property, making homeownership achievable within a single-income household budget. The flat format also suits downsizers transitioning from larger private homes, seeking to reduce maintenance responsibilities while remaining within established neighbourhoods. Investors examining rental returns within the public housing sector find HDB units offer steady tenant demand, particularly among expatriates and young professionals.

The unit dimensions—approximately 100 square feet—suggest a compact configuration typical of studio or one-bedroom HDB offerings. Such formats optimise land use efficiency whilst maintaining affordability. Buyers should assess whether the space aligns with their lifestyle requirements, considering workspace needs if working from home has become standard practice. Compact units nonetheless appeal to minimalist living philosophies and reduce utility consumption, contributing to lower operating costs over the ownership period.

Financing Considerations and Loan Eligibility

Prospective purchasers of HDB property should engage with the Housing and Development Board's financial schemes directly. HDB loans typically offer competitive rates and longer tenure options compared to bank financing, with the added benefit of using Central Provident Fund (CPF) for down payments and monthly instalments. Total Debt Servicing Ratio (TDSR) regulations apply to HDB financing, ensuring borrowers maintain financial headroom for other obligations.

For second-property buyers who are Singapore Citizens, Additional Buyer's Stamp Duty (ABSD) applies at a rate of 20% on the purchase price. This stamp duty significantly impacts total acquisition cost and should be factored into the investment appraisal. First-time buyers and those purchasing their first residential property remain exempt from ABSD, making this an important distinction when comparing buyer profiles and their respective cost bases.

Rental Yield and Investment Perspective

HDB flats have traditionally delivered reliable rental yields, supported by consistent demand from non-owner-occupiers and expatriate communities. The Bukit Merah location, with its established infrastructure and neighbourhood amenities, attracts tenants seeking affordable housing without sacrificing connectivity. Rental rates for compact HDB units remain relatively stable, though yields fluctuate based on acquisition price and local supply dynamics.

Investors should conduct comparative yield analysis across different HDB estates within the broader Central Region, as rental quantum varies by location, amenity proximity, and estate age. The 100 square feet format typically commands monthly rentals in a specific bandwidth determined by prevailing market rates for similar-sized public housing units. Given the entry-level pricing associated with HDB property, gross yields often compare favourably to larger private apartments when calculated on a percentage basis, though absolute rental income remains modest.

Resale Prospects and Lease Decay Dynamics

All HDB flats operate under the 99-year leasehold structure, with lease decay representing a material consideration for long-term valuation. Properties approaching the 30-year mark into their lease term begin experiencing measurable price sensitivity as remaining lease duration shortens. Buyers purchasing at 112A Depot Road should establish the flat's current lease position and calculate anticipated value trajectory as lease duration diminishes.

Singapore's resale HDB market remains active, with steady transaction volumes across estates in the Central Region. However, lease decay inevitably creates a ceiling on capital appreciation—properties cannot command prices equivalent to newer leases or freehold equivalents, even if physical condition remains excellent. Investors with extended time horizons should model lease decay into their return calculations, recognising that eventual hold periods may extend beyond typical trading cycles to realise adequate returns.

Neighbourhood Amenities and Connectivity

Bukit Merah's mature infrastructure encompasses healthcare, retail, and dining establishments distributed throughout the estate and adjacent precincts. Residents benefit from established hawker centres, wet markets, and neighbourhood shops without requiring significant travel. Community facilities including playgrounds, fitness corners, and void deck spaces cater to recreational needs across age groups.

Transportation connectivity extends beyond the immediate neighbourhood, with the broader Central Region offering access to multiple MRT lines and major roads. Commuters from 112A Depot Road can reach employment clusters in the central business district, Marina Bay, and secondary nodes within reasonable journey times. The mature neighbourhood positioning means transport infrastructure has been established for decades, reducing uncertainty about future access changes.

Comparative Market Analysis

HDB prices within Bukit Merah demonstrate variation based on unit type, flat size, floor level, and facing direction. Compact units such as the 100 square feet format occupy the entry segment of the HDB pricing spectrum, with transactions reflecting prevailing neighbourhood rates per square foot. Recent transactions in Bukit Merah provide benchmarks for assessing whether specific offerings represent value or premium positioning within the market cycle.

Private residential alternatives in adjacent precincts command substantially higher per-square-foot rates, with freehold ownership attracting significant premiums over leasehold public housing. However, private options typically require substantially larger capital deployment, limiting direct comparability to HDB segments. For buyers with budgetary constraints, HDB represents the primary pathway to property ownership within Singapore's dense urban areas.

Future Supply and District Development

The Central Region continues experiencing incremental urban renewal, with some older estates undergoing selective improvement programmes. New HDB supply remains directed toward peripheral growth areas, meaning Bukit Merah's population density stabilises rather than expands significantly. This supply constraint, combined with the neighbourhood's established position, supports steady demand from specific buyer segments despite competition from newer estates in developing precincts.

Long-term value prospects hinge partly on whether the estate receives major upgrading initiatives or selective en-bloc redevelopment. Whilst Bukit Merah's lease profile supports continued use as residential space for decades, buyers should recognise that dramatic capital appreciation becomes less likely than in estates receiving substantial government renewal investment. Conversely, the established neighbourhood character and reduced uncertainty regarding future development represent advantages over emerging estates still establishing their community identity.

Frequently Asked Questions

What rental yield can I expect if I purchase an HDB unit at 112A Depot Road as an investment property?

HDB flats within the Bukit Merah precinct typically generate gross rental yields ranging from 3% to 5%, depending on the acquisition price and prevailing market rental rates for comparable units. The compact 100 square feet format attracts consistent tenant demand, particularly from young professionals and expatriates seeking affordable housing with established neighbourhood amenities. Investors should cross-reference recent rental transactions for similar-sized units in Bukit Merah to establish realistic income projections, accounting for the fact that absolute monthly rental income remains modest despite respectable percentage returns. Net yields after accounting for conservancy fees, property tax, and maintenance contingencies typically run 1.5% to 3.5% annually, making HDB investment suitable primarily for buy-and-hold strategies rather than short-term capital appreciation plays.

How does the price per square foot at 112A Depot Road compare to recent HDB transactions in Bukit Merah?

HDB pricing per square foot in Bukit Merah fluctuates based on unit type, flat age, floor position, and lease remaining, with compact units typically commanding lower absolute prices but comparable per-square-foot rates to larger formats within the same estate. Recent transaction data for similar 100 square feet units in Bukit Merah should be obtained from HDB resale registry compilations to assess whether any specific offering aligns with or exceeds prevailing neighbourhood benchmarks. The per-square-foot metric becomes particularly important when comparing across different HDB estates, as Bukit Merah's established status and Central Region positioning support pricing at or above some newer estates in adjacent planning areas. Buyers should request historical transaction records spanning the preceding 12 months to establish confident baseline comparisons rather than relying on isolated recent sales.

What is the ABSD impact if I'm buying a second residential property at 112A Depot Road as a Singapore Citizen?

As a Singapore Citizen purchasing a second residential property, Additional Buyer's Stamp Duty applies at the rate of 20% on the purchase price of the HDB unit at 112A Depot Road. This stamp duty must be paid upon completion of the purchase and significantly increases total acquisition cost—for example, a S$350,000 purchase would incur ABSD of S$70,000 in addition to conveyancing fees and other transactional costs. The ABSD rate of 20% applies specifically to second properties owned by Singapore Citizens and represents a material cost component when evaluating investment returns or upgrading scenarios. First-time property owners and those purchasing their first residential property remain exempt from ABSD, making this threshold critically important when modelling total cost of ownership for second-property acquisitions.

What lease decay risk should I consider, and how does it affect long-term resale value at 112A Depot Road?

All HDB units, including those at 112A Depot Road, operate under a 99-year leasehold structure, with lease decay representing an inevitable erosion of property value as the lease duration shortens. The market demonstrates measurable price sensitivity once leases fall below approximately 70 years remaining, with steeper declines occurring as properties approach the 60-year threshold and beyond. Buyers should identify the current lease position—typically derivable from the HDB flat's original launch year—and calculate anticipated valuation trajectory over their intended holding period, recognising that mathematical lease decay equations generally show capital appreciation stabilising or reversing once leases compress beyond midpoint. The 99-year lease means properties purchased new reach lease midpoint around year 50, after which value growth typically slows materially, making long-term capital appreciation less reliable than in freehold or 999-year leasehold alternatives, though this limitation is offset by lower acquisition costs relative to non-HDB property.

How does proximity to the nearest MRT station affect demand and capital appreciation prospects for 112A Depot Road?

MRT accessibility remains a primary determinant of HDB desirability and capital appreciation potential, with properties within 400-600 metres of an MRT station commanding measurable premiums over those requiring longer walking distances. The specific MRT station serving Bukit Merah significantly influences commuting convenience for residents, particularly those employed in the central business district, Marina Bay, or secondary employment nodes accessible via rapid transit. Properties with excellent MRT connectivity attract wider tenant pools and buyer demographics, supporting both rental demand and resale liquidity—factors that stabilise or enhance values even as lease decay progresses. Conversely, flats requiring longer walking distances or reliance on feeder bus services experience lower tenant competition and may face valuation headwinds during market downturns, making station proximity a critical assessment metric when evaluating long-term ownership viability.

Is an HDB flat at 112A Depot Road suitable for high-net-worth individuals, upgraders, first-time buyers, and investors—and why?

HDB flats at 112A Depot Road appeal to distinct buyer personas, though suitability varies by individual circumstances. First-time buyers benefit immensely from HDB's affordability, CPF-compatible financing, and established neighbourhood infrastructure, making entry-level public housing a logical progression toward property ownership. Upgraders transitioning from smaller public flats find compact HDB units suitable as downsize vehicles, reducing maintenance burden whilst preserving neighbourhood familiarity and established social networks. Investors recognise HDB rental demand and stable yields, though absolute returns suit buy-and-hold strategies rather than active trading. High-net-worth individuals typically gravitate toward private residential alternatives offering greater asset diversification and freehold ownership, though some HNW investors do maintain HDB portfolios for yield diversification or philanthropic housing considerations. The 100 square feet format particularly suits young professionals, minimalists, and expatriates seeking temporary residency—segments that consistently sustain rental demand in established HDB estates.

What TDSR and financing headroom considerations apply when purchasing at 112A Depot Road?

Total Debt Servicing Ratio regulations cap monthly debt servicing across all loans at 60% of gross household income, a threshold enforced by both HDB and commercial banks when evaluating loan eligibility. Prospective buyers of HDB units should calculate existing debt servicing obligations—mortgages, vehicle loans, personal financing—and determine available headroom before approaching HDB or bank lenders. The entry-level pricing typical of compact HDB units means monthly instalment obligations remain manageable for single-income households within middle-income brackets, though buyers should stress-test their finances against interest rate increases and potential income disruption. HDB loans often extend across 25 to 30 years, reducing monthly obligations compared to bank mortgages, yet borrowers must demonstrate adequate CPF balances to cover down payments and ongoing instalments without depleting retirement reserves. Financing scenarios should incorporate ABSD costs for second-property buyers, factoring these stamp duty obligations into total borrowing requirements rather than treating them as separate expense items.

How do HDB units at 112A Depot Road compare to nearby private residential alternatives in the Bukit Merah and adjacent areas?

Private residential developments in precincts surrounding Bukit Merah command significantly higher per-square-foot pricing, typically ranging from 2 to 4 times the HDB rates for equivalent spatial configurations, reflecting freehold ownership structures and amenity specifications. However, private alternatives require substantially larger capital deployment—often S$500,000 to S$1.5 million for entry-level units—placing them beyond reach for first-time buyers and median-income households. HDB units at 112A Depot Road offer affordability coupled with established neighbourhood stability, representing the primary pathway for middle-income owner-occupancy in the Central Region, though buyers should recognise reduced capital appreciation potential and lease limitations versus freehold private property. Rental yields in HDB segments often exceed private residential returns on a percentage basis due to lower purchase prices, though absolute rental income remains modest, making private alternatives more suitable for investors prioritising absolute dollar returns over yield percentages.

Are there optimal floor levels or unit stacks at 112A Depot Road offering superior value relative to other positions within the development?

HDB pricing within individual developments reflects systematic premiums for higher floor levels, corner units, and positions offering superior natural light and ventilation—factors that command 5% to 15% price increases depending on local market dynamics and specific building configurations. Lower floor units typically offer better accessibility and reduced lift dependency, particularly valuable for elderly residents and families with young children, though some buyers discount these positions due to privacy and noise considerations. Mid-stack positions generally represent optimal value, combining reasonable accessibility with acceptable light and ventilation whilst avoiding the steeper price premiums commanded by top floors or premium-facing units. Buyers should examine multiple comparable transactions across 112A Depot Road's various floors and stacks to identify pricing patterns, using this analysis to identify outlier opportunities where specific positions trade below historical benchmarks. South-facing and east-facing orientations typically command premiums in Singapore, though north-facing units may appeal to buyers prioritising lower interior temperature during afternoon hours.

What future supply pipeline exists in the Central Region, and how might it affect long-term demand and values for HDB units at 112A Depot Road?

The Central Region's mature infrastructure and high land values mean new HDB supply concentrates in peripheral growth areas such as Punggol, Sengkang, and Tengah, with limited fresh units launched within inner-ring estates like Bukit Merah. This constrained supply environment supports steady demand from buyer segments unable or unwilling to relocate to nascent developments, sustaining baseline values despite lease decay and limited capital appreciation prospects. Government policy emphasises urban renewal and selective en-bloc redevelopment in strategic Central Region precincts, creating uncertainty regarding which estates receive investment and which stabilise at current density levels. The absence of major competing new supply within Bukit Merah itself reduces downside risk from new launches but also limits catalysts for meaningful value appreciation beyond inflation and lease-adjusted trajectories. Buyers should monitor Housing Board announcements regarding potential estate renewal initiatives that might materialise for Bukit Merah, as confirmed upgrading programmes can trigger modest valuation uplifts as existing units gain enhanced environmental appeal and extended functional lifespans.

[For Rent] Hdb Flat At 112A Depot Road — From S$800