Type

Units

Min Area

Price Range

Other

150 sqft

S$850/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$850.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$170 on this acquisition.
Located 13 min (1.04 km) from EW25 Chinese Garden 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.

258 Jurong East Street 24: Established HDB Living in Jurong East

Located at 258 Jurong East Street 24, this public housing development sits in one of Singapore's most dynamically developed residential and commercial precincts. The Jurong East area has evolved into a major urban hub, housing thousands of residents and serving as a secondary business district that draws daily commuters from across the island. This HDB block benefits from that sustained infrastructure investment and foot traffic, making it an appealing proposition for both owner-occupiers and property investors seeking exposure to a proven market.

The development's position relative to EW25 Chinese Garden MRT Station offers meaningful connectivity advantages. Just 13 minutes away on foot (approximately 1.04 kilometres), residents enjoy straightforward access to the East-West Line's extensive network. This proximity translates directly into convenience for commuters heading to the CBD, airport, or other major employment centres along the line. The station's accessibility means the development appeals to professionals, families, and investors who prioritise transport convenience without compromising on affordability or space.

Neighbourhood Character and Amenities

The Jurong East locality encompasses a rich mix of residential blocks, retail outlets, food courts, and community facilities. Nearby shopping centres cater to daily needs, whilst parks and green spaces provide recreational options for residents of all ages. The area's maturity means essential services—banks, clinics, supermarkets, and childcare centres—are well-distributed and easily accessible on foot or by short bus journeys. This established character makes the development particularly suitable for families seeking a complete living ecosystem rather than merely a bedroom location.

Schools within reasonable proximity include both primary and secondary institutions, supporting families with dependent children. The neighbourhood's reputation for safety, cleanliness, and community spirit remains consistent, reflecting Singapore's strong governance of public housing estates. Regular upgrading and maintenance programmes typical of HDB precincts ensure the development retains its appeal and functional quality over time.

Investment Perspective and Rental Dynamics

From an investment standpoint, HDB flats in established locations like Jurong East attract sustained rental demand. Young professionals relocating to Singapore, migrant workers seeking affordable accommodation, and families upgrading from smaller units all represent reliable tenant pools. Rental yields in this precinct typically reflect the balance between moderate capital values and consistent tenant demand, offering investors a stable, if modest, income stream. The proximity to transport and commercial nodes enhances tenant appeal, as renters prioritise convenient commuting and access to employment clusters.

Investors should note that Singapore Citizen second-property purchases incur Additional Buyer's Stamp Duty of 20%, which affects the net investment return calculation. This duty applies on top of standard conveyancing costs and must be factored into purchase planning and yield projections. Careful analysis of achievable rental rates relative to purchase outlay remains essential to ensure the investment thesis aligns with individual return expectations.

Financing and Affordability Considerations

The typical price points for units within this development sit comfortably within the remit of Housing Development Board loan schemes and commercial bank financing. Buyers meeting HDB eligibility criteria can access HDB loans at favourable rates, whilst owner-occupiers may also pursue bank financing through established property mortgage schemes. Total Debt Service Ratio (TDSR) calculations for purchase of HDB flats at this price level typically leave reasonable headroom for most employed borrowers, assuming standard income thresholds and debt levels.

First-time buyers particularly benefit from HDB's concessionary lending terms and the absence of ABSD, since ABSD applies only to second and subsequent residential purchases. This regulatory framework positions HDB flats as an attractive entry point into property ownership, with 258 Jurong East Street 24 offering a proven, well-serviced location that appeals across buyer profiles.

Lease Duration and Long-Term Ownership

HDB flats operate under a 99-year leasehold tenure from the date of first grant. As the development is an established block, remaining lease duration varies by individual unit and their original allocation date. Buyers must conduct thorough due diligence to understand the specific lease position of any unit under consideration, as lease decay becomes a material factor in resale value during the final decades of the tenancy. Lease decay typically accelerates once the remaining tenure drops below 60 years, potentially constraining future buyer pools and valuation upside.

Conversely, units with substantial remaining tenure benefit from a wider prospective buyer base and more predictable capital preservation. The HDB's periodic upgrading schemes can partially offset lease decay effects by enhancing block appeal and functionality, though lease length remains the primary determinant of long-term value.

Comparative Market Position

The Jurong East precinct hosts numerous HDB and private residential options, creating a competitive landscape that keeps pricing disciplined. Similar-aged HDB blocks in adjoining streets typically trade within comparable price bands, ensuring transparent market-driven valuation. Private residential alternatives—such as purpose-built condominiums or landed properties—exist at significantly higher price points, reinforcing the value proposition of HDB ownership for budget-conscious buyers. Newer HDB developments in other parts of Singapore may command modest premiums due to modern design and updated amenities, yet established blocks like 258 Jurong East Street 24 retain their appeal through connectivity and neighbourhood maturity.

District Growth and Future Supply

Jurong East has benefited from government masterplanning that positions it as a sustainable mixed-use district. Recent infrastructure additions—such as enhanced retail and office developments—continue to reinforce the area's economic vitality. Future supply in the Jurong East planning area will likely focus on infill redevelopment and selective intensification rather than wholesale expansion, supporting existing values by constraining oversupply. This measured approach to development means established blocks like 258 Jurong East Street 24 remain anchored within a controlled supply environment.

The Singapore Government's broader housing strategy emphasises public rental programmes and targeted new BTO launches in growth districts, rather than aggressive supply into mature precincts. This policy backdrop supports the stability of existing HDB resale values in established neighbourhoods, as new supply draws away only marginal demand rather than cannibalising the entire secondary market.

Conclusion

258 Jurong East Street 24 represents a mature, well-integrated HDB community that has proven its appeal across multiple buyer and investor cohorts. The convenient MRT proximity, established local services, predictable rental dynamics, and accessible financing pathways combine to create a compelling proposition. Whether purchasing as a first home, upgrading from a smaller unit, or building a property investment portfolio, this development offers the tangible benefits of an urban location coupled with the affordability hallmark of Singapore's public housing system.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 258 Jurong East Street 24 as an investment?

Rental yields for HDB flats in Jurong East typically range between 2.5% to 4% gross, depending on unit size, lease remaining, and prevailing market rental rates. The proximity to EW25 Chinese Garden MRT Station supports tenant demand from working professionals and young families, creating a consistent lettable pool. However, gross yield must be reduced by operating costs (maintenance, sinking fund, property tax), management time, and the impact of 20% Additional Buyer's Stamp Duty on purchase price, which materially affects net return. Individual yield calculations should incorporate actual rental comparable data from the immediate vicinity and realistic expense assumptions to determine whether the investment aligns with your target return threshold.

How does the pricing per square foot at 258 Jurong East Street 24 compare to recent transactions in Jurong East?

Price per square foot for HDB transactions in Jurong East reflects supply-demand balance and proximity to MRT, with established blocks typically trading in a tighter band than new or newly upgraded units. Transactions in Jurong East generally show moderate variation based on remaining lease duration, unit size, and floor level, with pricing broadly aligned to the HDB resale market indices published by government statistics. Buyers should obtain transaction history from the Land Titles Registry and engage a valuation expert to benchmark any specific unit against comparable recent sales (ideally within the past three to six months) on the same block or within 200 metres, as microlocational factors significantly influence psf pricing. Price appreciation in this precinct has historically tracked modest single-digit annual growth, reflecting the stability of established public housing markets.

What is the impact of Additional Buyer's Stamp Duty (ABSD) if I purchase a second residential property at this development?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at 20% of the purchase price, payable on top of standard Buyer's Stamp Duty and all conveyancing costs. For a unit priced at S$500,000, ABSD would equate to S$100,000, significantly impacting the effective cost of acquisition and reducing net rental yield or capital appreciation upside. This substantial duty makes the investment case for second-property HDB purchases more stringent; investors must ensure rental income and capital growth projections are robust enough to justify the 20% acquisition tax. First-time buyers purchasing their first residential property are exempt from ABSD, making 258 Jurong East Street 24 a more attractive option for owner-occupiers entering the market than for existing property owners seeking to expand portfolios.

How does lease decay affect the resale value and marketability of units at 258 Jurong East Street 24?

HDB leases typically commence at 99 years from the date of first grant, meaning remaining tenure varies significantly depending on when the unit was originally built. As lease years decline below 60, resale value typically decelerates due to a shrinking buyer pool—many first-time buyers encounter HDB loan restrictions, and investors perceive deteriorating capital preservation prospects. Units approaching the 30-year mark often face severe valuation pressures, as mortgage financing becomes restricted and prospective buyers fear further decline during their holding period. To mitigate lease risk, buyers should verify the exact date of first grant for any unit and model resale value trajectories at different lease milestones; units with 70+ years remaining preserve far greater flexibility for future sellers compared to those with 50–60 years left.

How does proximity to EW25 Chinese Garden MRT Station influence demand and long-term capital appreciation?

MRT proximity is a primary driver of HDB demand and capital value, as it directly reduces commuting time and operating costs for residents and tenants. The 13-minute walk to EW25 Chinese Garden MRT Station is comfortably within the optimal proximity range (10–15 minutes), positioning the development attractively relative to blocks requiring 20+ minutes by foot. This connectivity enhances both owner-occupier appeal (shorter daily commutes to employment centres along the East-West Line) and investor returns (higher rental demand from transport-conscious tenants). Historically, HDB blocks within 15 minutes of an MRT station demonstrate steadier capital appreciation and more resilient rental demand during economic cycles, compared to non-MRT-proximate estates. The East-West Line's role as a primary commuter artery connecting the CBD, airport, and major employment clusters ensures sustained transport demand that supports long-term value.

Is 258 Jurong East Street 24 suitable for first-time buyers, upgraders, and investors equally?

The development appeals across distinct buyer profiles but with different relative strengths. First-time buyers benefit most significantly, given exemption from ABSD, access to concessionary HDB loan rates, and the establishment neighbourhood's proven stability and community infrastructure—making it an ideal stepping stone into property ownership. Upgraders moving from smaller HDB units or from private rental find the location convenient for families, with proximate schools and transport, though they must navigate the 20% ABSD if they retain their original property. Property investors can achieve acceptable yields in the 2.5–4% range but must carefully model returns after ABSD, maintenance costs, and lease decay impacts—making the investment case more nuanced than for owner-occupiers. The development is least suitable for high-net-worth buyers seeking trophy assets or maximum capital growth, as HDB regulatory constraints, lease tenure structures, and public housing price ceilings limit upside relative to private property.

What TDSR and financing headroom am I likely to have when purchasing at this development?

Total Debt Service Ratio (TDSR) regulations cap total monthly debt repayments (inclusive of the new property loan) at 60% of gross monthly income for HDB loans, though some banks enforce stricter internal thresholds. For typical HDB unit prices in the Jurong East precinct, borrowers with stable employment and a monthly household income of S$5,000–S$8,000 usually achieve comfortable financing approval with 15–20% loan headroom above the TDSR ceiling, allowing flexibility for emergency borrowing or economic stress. HDB loan tenure extends to 30 years (or borrower age 65, whichever is earlier), making monthly instalments modest relative to income levels typical for public housing buyers. First-time buyers qualify for HDB loans at marginally favourable rates compared to bank financing, further improving affordability. However, TDSR calculations must account for any existing debt (car loans, credit card balances, hire purchase) and should be stress-tested against interest rate rises to ensure serviceability remains intact during economic upturns.

How does 258 Jurong East Street 24 compare to nearby competing HDB developments?

The Jurong East precinct contains numerous HDB blocks built across multiple decades, with competing units ranging from 1980s construction to more recent years. Nearby blocks on adjacent streets typically trade within 5–10% of 258 Jurong East Street 24's price band, with variation attributable to individual block condition, upgrading history, remaining lease, and microlocational factors such as proximity to wet markets or busy road junctions. Purpose-built private residential alternatives in Jurong East command 40–60% premiums over comparable HDB flats, reflecting different regulatory environments and perceived lifestyle positioning, yet they offer no material advantage in terms of MRT proximity or neighbourhood services. Newer HDB developments in growth districts such as Tengah or Woodlands may feature modern designs and design innovations but trade at comparable or higher price bands whilst sacrificing the established commercial ecosystem and retail density that characterise Jurong East. For buyers prioritising connectivity, maturity, and value for money, 258 Jurong East Street 24 competes strongly against alternative HDB options in the wider west region.

Are certain unit stacks or floor levels at this development likely to offer better value?

Lower floor units (ground to third level) typically command 3–7% discounts relative to mid-level units, reflecting buyer perception of noise proximity to streets, reduced privacy, and less desirable natural ventilation—yet they offer genuine advantages for elderly residents, families with young children, and those prioritising ease of vertical movement. Mid-level units (fourth to eighth floor) generally command the strongest pricing, balancing privacy, ventilation, and reduced stairwell use; these floors are most sought-after by upgraders and investor-tenants, underpinning the strongest capital appreciation trajectory. Higher-floor units (ninth and above, if available) may attract modest premiums for enhanced views and reduced street noise but often face slightly longer emergency response times and, in some developments, higher strata insurance contributions. The optimal value purchase typically occurs in mid-level units with positive floor aspect (east or north facing for better morning light), as these command strong rental demand and capital appreciation relative to their marginal price premium over lower floors. Structural and building plan details should be obtained to identify units with superior layouts or unobstructed common areas, as internal configurations can materially affect perceived value independent of floor level.

What does the future supply pipeline look like for Jurong East, and could it impact values at this development?

Jurong East has been designated as a key mixed-use node within Singapore's long-term urban development strategy, with government masterplans emphasising selective intensification of commercial, office, and residential uses rather than wholesale new housing expansion. Future residential supply in the planning area will likely comprise targeted Build-to-Order (BTO) projects in underdeveloped pockets and selective private residential redevelopments, rather than large-scale new HDB supply that could destabilise secondary market pricing. The government's deliberate constraint of new HDB supply to specific growth zones (Tengah, Woodlands, etc.) protects demand for resale units in established estates like Jurong East, ensuring steady capital appreciation over time. Potential future transport enhancements—such as new MRT station openings or additional bus rapid transit corridors—could gradually improve peripheral estates but would further entrench the value of existing, already-MRT-connected locations. Investors and owner-occupiers can reasonably expect 258 Jurong East Street 24 to remain stable and modestly appreciating as demand pressures remain consistent within a constrained supply landscape, though returns are unlikely to exceed historical single-digit annual growth rates for established public housing markets.

Hdb Flat At 258 Jurong East Street 24 — From S$850