Type

Units

Min Area

Price Range

3 BR

1302 sqft

S$640K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$640K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$128K on this acquisition.
Located 10 min (820 m) from NS13 Yishun 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?

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229 Yishun Street 21: Established HDB Living in Yishun

229 Yishun Street 21 represents a compelling option within Yishun's mature housing landscape, offering residents access to a well-developed neighbourhood characterised by strong community infrastructure and reliable transport connectivity. Situated in a district recognised for its family-friendly environment and established amenities, this development appeals to a broad spectrum of buyers seeking both stability and accessibility in Singapore's North-East corridor.

Strategic Location and Transport Access

The development benefits from its position approximately 820 metres from NS13 Yishun MRT Station, translating to roughly a 10-minute walk for residents. This proximity to the North-South Line's Yishun interchange ensures efficient connectivity to central business districts, educational institutions, and commercial hubs across the island. The walkable distance to the MRT station reinforces the neighbourhood's appeal to commuters, professionals, and families requiring regular travel access without the operational costs of private vehicle ownership.

Unit Configuration and Living Space

Available units at the development typically feature three bedrooms and two bathrooms, with floor areas spanning approximately 1,302 square feet. This configuration strikes an effective balance for expanding families, multi-generational households, and those seeking upgrade opportunities from smaller flats. The generous internal layout facilitates flexible living arrangements and accommodates modern family requirements without necessitating relocation to private residential markets.

Neighbourhood Amenities and Community Infrastructure

Yishun as a precinct has matured into a comprehensive residential zone with extensive supporting infrastructure. Residents benefit from proximity to retail establishments, hawker centres offering diverse dining options, and community facilities including sports complexes and recreational grounds. Educational institutions ranging from primary to secondary levels operate within the district, providing convenient access for families with school-age children. Healthcare facilities, including polyclinics and private medical centres, are well-distributed throughout the neighbourhood, ensuring accessible wellness services for all age groups.

Pricing and Market Position

Units at 229 Yishun Street 21 are positioned from S$640,000, reflecting valuations calibrated to the mature HDB market segment within North-East Singapore. This pricing tier positions the development competitively relative to comparable unit specifications and floor areas in established neighbourhoods, whilst maintaining accessibility for first-time upgraders and investor-focused purchasers. Market dynamics in the Yishun precinct have historically demonstrated resilience, supported by consistent demand from families prioritising neighbourhood stability and transport convenience over newer estate developments.

Investment Potential and Rental Yield Considerations

For investor-focused buyers, the development's location and unit specifications present measurable rental yield potential. Properties in Yishun typically attract tenant interest from expatriate professionals, relocating families, and young workers seeking proximity to employment clusters served by the North-South Line. Rental rates for comparable three-bedroom HDB units in the district have historically maintained competitive positioning, with gross rental yields ranging between 2.5% and 3.5% depending on exact unit configuration and market conditions. The established neighbourhood status and proven tenant demand profile reduce vacancy risks compared to nascent estate developments.

Financing and ABSD Implications

Prospective buyers should assess Total Debt Servicing Ratio (TDSR) implications at prevailing interest rates, with most financial institutions applying standard lending criteria to HDB purchases at this price point. For second-property purchasers who are Singapore Citizens, Additional Buyer's Stamp Duty at 20% of the purchase price applies, substantially increasing acquisition costs and requiring careful financial planning. First-time buyers benefit from standard stamp duty treatment, whilst foreign purchasers face more restrictive eligibility criteria. Loan-to-value ratios for HDB financing typically permit up to 80% of the purchase price, positioning this development's price range within accessible lending parameters for most qualified applicants.

Lease Tenure and Long-Term Value Retention

As an HDB property, 229 Yishun Street 21 carries a 99-year lease tenure structure, a characteristic standard across Housing and Development Board properties. Prospective buyers should remain cognisant of lease decay dynamics, particularly for units initially constructed in the 1980s and early 1990s. As lease years diminish below 60 years remaining, resale values and refinancing capacity may face headwinds, though HDB lease enhancement schemes provide mechanisms for tenure extension. Long-term ownership intentions should factor lease remaining at point of purchase to ensure sustained wealth preservation across multiple holding periods.

Comparative Market Context

Within the Yishun precinct, 229 Yishun Street 21 operates within a competitive landscape encompassing neighbouring mature estates and new release HDB blocks. Recent price-per-square-foot transactions in comparable precincts have ranged between S$480 and S$520 psf for three-bedroom configurations, positioning this development's pricing within market norms for established areas. Buyers evaluating value propositions should cross-reference floor areas, lease remaining, unit orientation, and precise MRT proximity against competing offerings to calibrate value perception accurately.

Suitability Across Buyer Profiles

First-time homebuyers encounter a mature development offering proven amenities and established community structures, reducing uncertainty associated with nascent estate development outcomes. Upgraders benefit from the generous floor area and multiroom configuration, facilitating transition from smaller starter flats into family-oriented living spaces. Investors appreciate the rental-friendly location and demographic profile of surrounding residents, supporting tenant acquisition and retention objectives. High-net-worth individuals seeking HDB portfolios for diversification or asset consolidation find the development's pricing and location attributes conducive to strategic accumulation strategies.

Frequently Asked Questions

What rental yield can an investor expect from purchasing a unit at 229 Yishun Street 21?

Rental yields for three-bedroom HDB units at this development typically range between 2.5% and 3.5% gross annually, contingent upon exact unit configuration, floor level, and prevailing market rental rates. Yishun's established neighbourhood status and proximity to the North-South Line support consistent tenant demand from expatriate professionals and relocating families, reducing vacancy risks inherent in newer estate developments. Investors should conduct detailed due diligence on comparable rental asking prices within the immediate precinct and factor in maintenance contributions, property management costs, and potential void periods when calculating net yield expectations.

How does the price per square foot at 229 Yishun Street 21 compare to recent HDB transactions in Yishun?

Recent price-per-square-foot transactions for comparable three-bedroom HDB units in Yishun have ranged between S$480 and S$520 psf, and the development's pricing typically falls within or marginally above this range depending on specific unit characteristics such as floor level, unit orientation, and lease remaining. The price positioning reflects the mature estate's established amenities, proven transport connectivity, and consistent market demand, rather than premium pricing for new development status. Prospective buyers should obtain detailed transaction records from the HDB resale flat portal to validate comparative pricing and ensure acquisitions represent fair value relative to recent comparable sales.

What are the Additional Buyer's Stamp Duty implications for second-property purchasers at this development?

Singapore Citizens purchasing 229 Yishun Street 21 as a second residential property are subject to Additional Buyer's Stamp Duty at 20% of the purchase price, substantially elevating acquisition costs beyond standard stamp duty obligations. For a unit priced at S$640,000, ABSD would amount to S$128,000, requiring careful cash flow planning and access to liquid capital for closing costs. Second-property purchasers should engage financial advisors to model total cost of acquisition including ABSD, legal fees, and survey charges, ensuring overall financing capacity accommodates this material outlay whilst maintaining healthy debt servicing ratios.

What lease decay risks should buyers at 229 Yishun Street 21 anticipate, and how might this affect resale value?

As an HDB property with a 99-year lease tenure, buyers should verify lease remaining at time of purchase, particularly for units constructed in the 1980s or early 1990s, which may currently carry between 55 and 65 years remaining. Lease decay accelerates resale value depreciation as lease years fall below 60 years, with financial institutions potentially imposing stricter lending criteria and refinancing becoming increasingly constrained below this threshold. However, the Government's Lease Upgrading Scheme and Home Improvement Programme provide mechanisms for tenure extension, though eligibility requires minimum collective participation and government approval processes.

How does proximity to Yishun MRT Station impact long-term capital appreciation and buyer demand?

The development's 820-metre walk to NS13 Yishun MRT Station represents a material value driver, positioning properties within accessible commute distances to Central Business District, medical facilities, and employment clusters served by the North-South Line. Historical evidence demonstrates that HDB properties within 10-minute walking distance to MRT stations sustain stronger capital appreciation trajectories compared to car-dependent locations, reflecting consistent buyer preference for transport convenience. This MRT accessibility has supported Yishun's demographic stability and rental attractiveness, indicating sustained demand pressure likely to underpin property value resilience across market cycles.

Is 229 Yishun Street 21 suitable for first-time homebuyers, upgraders, or investor-focused purchasers?

The development accommodates all three buyer profiles effectively: first-timers benefit from mature neighbourhood infrastructure and proven amenity availability that reduce decision uncertainty; upgraders gain from generous floor areas and multiroom configurations facilitating transition from smaller starter flats; investors appreciate rental-friendly demographics and documented tenant demand patterns. First-timers prioritising neighbourhood stability and established community should find the mature estate positioning advantageous, whilst upgraders seeking expanded living space will value the three-bedroom configuration. Investors targeting rental income should model cash flows against comparable rental yields in the precinct and factor in tenant acquisition timelines.

What Total Debt Servicing Ratio considerations apply to financing at this price point?

Prospective buyers at the S$640,000 price point should expect TDSR calculations incorporating standard HDB lending criteria, with most financial institutions requiring gross monthly household income of approximately S$18,000 to support 80% loan-to-value financing at prevailing rates. At current interest rates, monthly loan servicing on an S$512,000 mortgage spans 25-30 years typically ranges between S$2,200 and S$2,500, necessitating household gross income approximately three times monthly instalment to satisfy TDSR caps. Buyers should engage financial institutions early to obtain in-principle approval letters, clarifying precise lending capacity before committing to purchase negotiations.

How does 229 Yishun Street 21 compare to competing HDB developments in adjacent neighbourhoods?

Yishun-precinct HDB options include newer blocks in later planning phases and competing mature estates within Sembawang and Admiralty corridors, each presenting distinct value propositions relative to age, lease remaining, and transport accessibility. Neighbouring Admiralty and Sembawang estates offer comparable three-bedroom configurations at broadly similar price points, though lease remaining and MRT proximity may vary materially depending on development age and transport network positioning. Buyers should conduct neighbourhood comparisons examining amenity evolution, schools quality, and community vibrancy, as mature estates like Yishun have established reputations supporting consistent buyer confidence, whereas newer precincts may offer lease longevity advantages but less proven amenity development.

Which unit stacks or floor levels at this development offer optimal value and long-term appreciation potential?

Mid-range floor levels (5-10 storeys) typically command marginal price premiums relative to lower floors whilst maintaining superior ventilation, natural lighting, and noise insulation compared to ground-level units, presenting balanced value propositions for residential buyers. Higher floor units (15+ storeys) attract premium pricing disproportionate to marginal utility gains for HDB developments, whilst lower floors may experience noise from ground-level traffic, parking activities, and common areas. Investors should prioritise mid-storey placements on blocks offering superior orientation (North-South or East-West exposures) and unobstructed prospects of green spaces, as these attributes historically sustain stronger rental appeal and resale premiums relative to interior-facing units.

What future housing supply pipeline exists in Yishun and surrounding districts that might affect resale demand?

Yishun precinct planning includes ongoing estate renewal initiatives and limited new HDB releases, with majority supply replenishment occurring in satellite locations including Tengah, Bukit Batok extension, and Punggol expansion phases. Future supply compression in established precincts like Yishun may support long-term value resilience by restricting replacement unit availability, though buyer migration toward newer developments with extended lease tenures remains a structural headwind. Prospective buyers should monitor HDB Development Pipeline announcements and town renewal schemes, recognising that 99-year lease positioning versus 999-year offerings in emerging precincts may progressively influence buyer preference profiles and market segmentation over decade-long holding periods.

What are the maintenance, service charges, and HDB sinking fund obligations at 229 Yishun Street 21?

HDB properties carry mandatory sinking fund contributions and maintenance charges levied collectively across flatted developments, typically ranging between S$40 and S$80 monthly for three-bedroom units depending on block size, lift provision, and services rendered. These charges fund building preventive maintenance, lift servicing, common area lighting, and estate greening programmes, with regular increases reflecting inflation and enhanced service scopes as estates mature. Buyers should obtain explicit sinking fund contribution schedules and maintenance charge estimates from HDB prior to purchase commitment, ensuring long-term ownership cost modelling incorporates these obligations comprehensively and validates affordability across different household income scenarios.

Hdb Flat At 229 Yishun Street 21 — From S$640K