Type

Units

Min Area

Price Range

3 BR

1001 sqft

S$775K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$775K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$155K on this acquisition.
Located 6 min (460 m) from EW27 Boon Lay 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.

697A Jurong West Central 3: A Mature HDB Development in Central Jurong

Situated along Jurong West Central 3, this established Housing and Development Board development represents a long-standing residential address within one of Singapore's oldest planning areas. The property sits in a mature neighbourhood characterised by established community facilities, retail options, and reliable infrastructure that has evolved over decades to support family living and investment activity.

The development enjoys proximity to Boon Lay MRT station, located approximately six minutes' walk away, which anchors the property to Singapore's broader transport network. This station sits on the East-West line, providing direct connectivity to the central business district and key employment clusters across the island. For working professionals commuting to offices in the city centre or Marina Bay, this connection eliminates the need for multiple transfers and significantly reduces travel time. The accessibility factor has traditionally underpinned demand for properties in this area, particularly among upgraders seeking to maintain good connectivity whilst securing larger living space.

Market Position and Pricing

Units at 697A Jurong West Central 3 are priced from approximately S$775,000, reflecting the property's maturity, location relative to MRT access, and the prevailing resale market dynamics in Jurong West. This price point positions the development within a segment where many upgrading families and investors actively transact. The per-square-foot valuation aligns with comparable resale HDB transactions in the surrounding area, particularly for three-bedroom configurations. Prospective buyers should note that HDB resale prices in mature estates like this one typically reflect both the unit's condition and the remaining lease duration, which influences both occupancy value and long-term investment returns.

Unit Configurations and Interior Considerations

The development comprises units with flexible bedroom layouts, including three-bedroom configurations totalling approximately 1,001 square feet. These layouts cater to the space expectations of growing families and provide sufficient separation between living and private zones. Two-bathroom configurations within the development afford greater convenience for multiple occupants, reducing morning congestion and adding appeal to rental market tenants. The floor plate size allows for practical furnishing arrangements and creates the sense of spaciousness that differentiates family-sized HDB units from smaller one- and two-bedroom offerings.

Neighbourhood Amenities and Lifestyle

Jurong West has matured into a largely self-sufficient residential district with a comprehensive range of amenities within or near walking distance of this development. Shopping facilities, food courts, hawker centres, and supermarkets serve daily needs without requiring car ownership. The area's primary schools and secondary institutions have long-established track records and serve families prioritising convenient school access. Healthcare services, including polyclinics and private medical centres, are positioned throughout the district to ensure residents have accessible primary care options.

Recreation and green space form another pillar of the neighbourhood's appeal. Jurong has invested substantially in parks and community centres that provide jogging paths, basketball courts, and family-oriented facilities. These amenities enhance the residential experience and contribute to the area's desirability among families with young children.

Investment Perspective and Rental Potential

From an investment standpoint, properties at 697A Jurong West Central 3 attract buyers seeking rental yield through the HDB resale market. The combination of competitive pricing, proximity to MRT transport, and the availability of larger three-bedroom units makes the development attractive to property investors targeting the mid-market rental segment. Tenants sourced through HDB rental channels—which include young professionals, transferring workers, and families—provide a stable tenant base with reliable payment behaviour. The rental yield for units in this development typically falls within the range expected for mature estates with strong transport connectivity but without the premium pricing commanded by central or prime location developments.

Investors should also consider financing options available in the resale HDB market. Banks continue to offer competitive loan packages for HDB purchases, typically allowing 80-85% loan-to-value ratios for residential properties. This favourable financing environment means prospective investor-buyers may only need to commit 15-20% of the purchase price as initial capital outlay, thereby improving returns on equity and financial leverage. The substantial rental market for three-bedroom units in Jurong West provides investors with a broad tenant base across corporate relocations, young families, and upgraders seeking temporary accommodation.

Transport and Connectivity as Value Drivers

The six-minute walk to Boon Lay MRT station positions this development advantageously within the spectrum of transport accessibility. Properties with walk-times exceeding 10-15 minutes to MRT stations typically command discounts relative to those with closer station proximity. This development's positioning falls within the premium accessibility tier, which has historically supported stable property valuations and consistent demand from both owner-occupiers and investors. The East-West line's reliability and frequency—with trains departing at intervals of three to four minutes during peak hours—further reinforce the transport utility that underpins demand.

Lease Considerations for Long-term Ownership

All HDB properties operate under lease arrangements, typically 99 years or 999 years from the date of first issue. Buyers considering long-term ownership should verify the lease remaining at the point of purchase, as leasehold duration affects both occupancy enjoyment and future resale value. Properties with leases above 80 years generally experience minimal lease decay discount, whilst those falling below 60 years may face valuation headwinds as future owners assess the diminishing tenure. For owner-occupiers planning to live in the unit for 15-20 years or longer, the current lease position should be factored into the long-term ownership equation.

Buyer Suitability and Market Segment

This development suits several distinct buyer profiles. First-time upgraders moving from smaller HDB units or private apartments seeking larger space at regulated prices find this market segment attractive. Growing families requiring a third bedroom for a child's room or home office benefit from the spacious unit configurations. Property investors targeting stable mid-market rental yields with manageable entry capital appreciate the lower absolute purchase price compared to developments in prime locations. Empty-nesters downsizing from landed properties or larger private residences may also find the regulated HDB market and mature neighbourhood convenient, though they may prioritise one- or two-bedroom configurations rather than the larger three-bedroom offerings.

Market Outlook and Future Considerations

The Jurong West area continues to benefit from government investment in transport infrastructure, urban renewal, and amenity enhancement. Upcoming developments and continued densification of the broader western corridor suggest sustained demand for residential properties with reliable MRT access. The relative maturity of 697A Jurong West Central 3 means the development will not experience dramatic capital appreciation driven by newness, but rather gradual appreciation aligned with broader HDB resale market trends, lease preservation, and periodic neighbourhood upgrading.

Frequently Asked Questions

What is the estimated gross rental yield for investment purchases at 697A Jurong West Central 3?

Properties at this development typically achieve gross rental yields in the region of 3-4% per annum, depending on unit configuration and market rental rates at the time of purchase. A three-bedroom unit priced around S$775,000 could command monthly rental of approximately S$2,200-S$2,600, which translates into the yield range noted above. The yield is influenced by several factors, including the tenancy type (HDB rental board versus private arrangement), the condition and furnishing level of the unit, and prevailing demand for family-sized rental accommodation in the Jurong West area. Investors should note that HDB rental regulations impose caps on rental rates and require compliance with tenant eligibility criteria, which may marginally compress yields compared to private property rental but offer tenancy stability and payment reliability.

How does the per-square-foot pricing at 697A Jurong West Central 3 compare to recent nearby resale transactions?

At approximately S$775,000 for a 1,001-square-foot three-bedroom unit, the development trades at roughly S$775 per square foot, which aligns closely with recent resale transactions for comparable three-bedroom HDB units in the broader Jurong West precinct. Properties within the same estate classification (mature HDB blocks completed during the 1990s to early 2000s) and with similar proximity to MRT transport typically realise per-square-foot values ranging from S$750-S$850, depending on floor level, unit condition, and remaining lease tenure. Buyers should verify recent transaction prices for units within the same development block and neighbouring blocks to ensure the asking price reflects current market sentiment. The pricing is consistent with the western corridor's resale market, positioning this development as neither a bargain nor an overvalued entry point.

What is the Additional Buyer's Stamp Duty (ABSD) impact for second-property purchasers buying at this development?

Singapore Citizens purchasing this HDB development as a second residential property are currently liable for Additional Buyer's Stamp Duty at a rate of 20% on the purchase price. For a property priced at S$775,000, the ABSD payable would be S$155,000, representing a material increase in total acquisition cost alongside the standard Buyer's Stamp Duty and solicitor fees. This 20% ABSD rate applies across all residential property tiers and is not reduced for HDB purchases. Second-property purchasers should factor this levy into their total capital requirement and compare the effective cost of purchasing versus renting, particularly if the property is being acquired as an investment asset. Some purchasers may consider selling an existing first property before completing the HDB purchase to avoid the ABSD entirely, provided the timing and circumstances permit such a transaction sequence.

What is the lease decay risk and impact on resale value for units at 697A Jurong West Central 3?

The lease decay risk at this development depends entirely on the remaining lease duration at the time of purchase, which buyers must verify with the HDB resale portal or through their conveyancing solicitor. Assuming the development was issued with a 99-year lease during the 1990s-2000s construction period, the remaining lease would currently span approximately 65-75 years, positioning the property within the range where lease decay becomes a gradual but material consideration for future resale. Properties with leases below 60 years typically experience valuation headwinds, as future buyers face financing constraints and longer-term ownership uncertainty. Buyers purchasing for owner-occupancy and planning to hold the unit for 15-20 years can likely absorb moderate lease decay without significant impact on their investment return. However, investors targeting longer-hold periods or expecting capital appreciation should carefully assess the lease position, as properties with rapidly decaying leases become harder to finance and less attractive to future purchaser pools.

How does proximity to Boon Lay MRT station affect demand and capital appreciation for this development?

The six-minute walk to Boon Lay MRT station is a critical demand driver for this development, as it positions the property within the premium accessibility tier for HDB resale markets. Properties with walking distances to MRT stations exceeding 10-15 minutes typically trade at discounts of 5-10% compared to those with superior transport access. The East-West line's proven reliability, high service frequency, and direct connectivity to employment hubs in the central business district, Marina Bay, and eastern coast ensure sustained demand from both owner-occupiers and rental tenants. This transport connectivity has historically insulated properties at 697A Jurong West Central 3 from sharp valuation declines during market corrections and supported steady capital appreciation aligned with broader HDB resale price trends. Future capital appreciation will be underpinned by transport reliability and the absence of significant competing supply additions at comparable distances to the same MRT station.

Which buyer profiles are best suited to purchasing at 697A Jurong West Central 3?

This development appeals primarily to upgrading families moving from smaller HDB units (one or two bedrooms) who require a third bedroom for children or home office space, as well as young professionals pooling resources to purchase a first private-owned property. Investors targeting mid-market rental yields with manageable capital entry find the S$775,000 price point and spacious three-bedroom configuration attractive, particularly when financed at 80% loan-to-value ratios. Empty-nesters downsizing from larger private properties or landed houses may also find the regulated HDB environment and mature neighbourhood appealing, though they might prioritise smaller unit configurations. High-net-worth individuals typically bypass this development in favour of newer, centrally-located, or freehold private properties offering greater capital appreciation potential. First-time buyers with limited capital may find the total acquisition cost (including ABSD for some scenarios) challenging unless pooling resources with co-buyers, but the development remains accessible to adequately capitalised buyer cohorts.

What are the TDSR and financing implications at typical price points for 697A Jurong West Central 3?

At the S$775,000 price point with standard 80% bank financing, a buyer would require a loan of approximately S$620,000, resulting in monthly principal and interest repayments of roughly S$3,100-S$3,400 depending on the chosen loan tenure (typically 25-30 years) and prevailing interest rates. The Total Debt Service Ratio (TDSR) framework limits total monthly debt servicing to 60% of a borrower's gross monthly income, meaning a buyer would need a combined household income of approximately S$5,200-S$5,700 per month to comfortably service the HDB loan without breaching the TDSR ceiling. This threshold is achievable for dual-income professional households earning S$3,500+ per month each, making the development accessible to substantial segments of the Singapore buyer population. Buyers with existing car loans, credit card balances, or other secured debts will find their available TDSR headroom reduced, potentially necessitating larger down-payment percentages (85-90%) to keep monthly servicing manageable. The HDB's continued provision of long-tenor loans at fixed rates offers significant payment certainty compared to private bank mortgages, which is a material advantage for price-sensitive buyers.

How does 697A Jurong West Central 3 compare to competing nearby HDB developments?

Direct competition for 697A Jurong West Central 3 comes from other mature three-bedroom HDB blocks in the immediate Jurong West Central and Jurong West Street areas, with pricing typically ranging from S$740,000-S$820,000 depending on block maturity, exact MRT proximity, and remaining lease tenure. Competing developments within two to three blocks may offer slight variations in unit condition, common facilities, or elevation levels, but do not materially differentiate on transport connectivity or neighbourhood amenities. Properties in adjacent Jurong East or Clementi command modest premiums (5-8%) due to newer construction dates or alternative MRT station accessibility, whilst developments further west in Jurong West (beyond the Central 3 precinct) may trade at slight discounts (3-5%) owing to marginally longer MRT walk times. The development's position within this competitive set suggests balanced pricing without obvious bargain or overvaluation indicators. Buyers should undertake comparative transaction analysis within the same block and nearby blocks to identify any property-specific factors (floor level, unit condition, previous transaction price) that might justify premium or discount pricing relative to the broader market.

Are there optimal floor levels or unit stacks within the development that offer superior value?

Within HDB developments like 697A Jurong West Central 3, lower floor units (floors 1-5) traditionally trade at 3-5% discounts compared to mid-level floors (6-15), primarily due to perceived reduced privacy, increased exposure to ground-level noise, and lower perceived desirability despite identical built specifications. Mid-level floors (6-15) typically command the highest per-square-foot pricing and represent the market consensus as offering optimal value—sufficient elevation for privacy and light without the construction complexity or perceived safety concerns sometimes associated with high-rise units. Higher floors (16+) attract a modest premium of 2-4% from buyers seeking panoramic views and enhanced privacy, though the additional cost may not justify the premium for typical owner-occupiers or rental investors. Within the unit stack, corner units and those with northern or eastern exposures may achieve slight premiums due to perceived superior natural light and reduced exposure to afternoon heat, though these premiums remain marginal (1-2%) in the HDB resale context. Savvy buyers seeking value should focus on mid-floor, non-corner units where pricing discounts the marginal desirability variations but maintain identical functional benefits and lease tenure.

What is the future supply pipeline in Jurong and how might new developments affect property values in this development?

Jurong West is largely built-out as an HDB residential precinct, meaning the future supply pipeline of newly constructed HDB units in immediate proximity to 697A Jurong West Central 3 is minimal. The government's Housing Development Board programme has shifted focus toward infill development and renewal projects rather than large greenfield HDB estates in already-mature areas like Jurong West. The absence of significant new competing supply supports the relative stability of resale values at 697A Jurong West Central 3, as buyer demand will not be diluted by newer units offering updated specifications and full lease tenures. However, broader economic factors—including interest rate movements, employment cycles in key sectors, and policy changes affecting HDB resale eligibility or financing—will influence capital appreciation more significantly than local supply dynamics. The government's commitment to estate upgrading programmes and infrastructure enhancement (such as MRT line extensions or new connectivity initiatives) may provide incremental value support over ten to fifteen-year ownership horizons. Buyers should view 697A Jurong West Central 3 as a stable, supply-constrained asset class rather than a high-growth vehicle, making it particularly suited to investors seeking reliable yield and owner-occupiers prioritising price stability over aggressive appreciation.

Hdb Flat At 697A Jurong West Central 3 — From S$775K