Type

Units

Min Area

Price Range

2 BR

850 sqft

S$480K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$480K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$96,000 on this acquisition.
Located 5 min (390 m) from NS18 Braddell 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.

124 Lorong 1 Toa Payoh: A Well-Connected HDB Development in the Heart of Toa Payoh

Situated in one of Singapore's most established residential neighbourhoods, 124 Lorong 1 Toa Payoh stands as a reliable housing option for families and investors seeking stability and convenience. Located in District 12, this HDB development benefits from decades of neighbourhood maturity, comprehensive infrastructure, and the kind of social fabric that characterises Toa Payoh's appeal across multiple generations of residents.

The development's position relative to Braddell MRT Station (NS18) is a defining locational advantage. Lying just 390 metres away—approximately a 5-minute walk—the development offers seamless access to the North-South Line, one of Singapore's busiest and most extensive rapid transit corridors. This proximity translates into straightforward commutes to the central business district, major employment nodes in Marina Bay and the CBD, and educational institutions distributed across the island. For professionals working in central Singapore, the walk to the station is brief enough to be convenient during rush hours, yet the development itself remains insulated from the noise and congestion typically associated with areas directly adjoining busy transport nodes.

Pricing and Unit Composition

Units at 124 Lorong 1 Toa Payoh are priced from S$480,000, reflecting the maturity of the estate and the genuine appeal it holds for the market. The development comprises well-proportioned units across different configurations, with floor areas reaching approximately 850 square feet in certain layouts. This size range is particularly suited to young couples, smaller families, and investors seeking entry-level yield opportunities without the space obligations of larger units. The pricing architecture across available units reflects natural variations based on orientation, floor level, and remaining lease tenure—factors that experienced HDB buyers have long understood as drivers of long-term value.

Neighbourhood Character and Amenities

Toa Payoh has matured into one of Singapore's most self-contained residential districts, and 124 Lorong 1 benefits from this comprehensive ecosystem. The neighbourhood anchors multiple hawker centres serving authentic Singaporean cuisine, medical clinics and polyclinics catering to routine and specialist needs, and supermarkets offering daily essentials. The Toa Payoh Central hub, located within easy walking distance, provides shopping and dining options that serve the surrounding residential population. Schools in the vicinity cover primary and secondary levels, making the location attractive for families with children at various educational stages. Parks and recreational facilities, including Toa Payoh Town Park, offer green spaces for leisure and exercise, contributing to the area's quality of life proposition.

MRT Accessibility and Commuting Value

The proximity to Braddell MRT Station cannot be overstated as a factor in the development's appeal and investment potential. The North-South Line's extensive coverage means residents can reach Jurong East, Bukit Merah, Chinatown, City Hall, and Marina Bay with minimal transfers. For those working in emerging employment clusters in areas like Punggol or Sengkang, a single train ride or one transfer provides reasonable commute times. The station also connects onward to other lines at major interchange points, expanding the geographical reach of residents' employment and leisure options. This transport advantage has historically supported both rental demand and capital appreciation in properties near MRT stations, as buyers increasingly prioritise connectivity in their property decisions.

Investment Considerations and Rental Potential

Properties at 124 Lorong 1 Toa Payoh appeal to investors seeking yield from an established, well-serviced neighbourhood. The combination of proximity to MRT, mature amenities, and stable demand from both expatriates and local renters positions these units as viable rental investments. HDB flats in this district have historically attracted tenants seeking affordable, well-connected accommodation, with rental periods typically spanning two to three years. The established nature of Toa Payoh as a residential destination—rather than a newly developed estate—means rental demand tends to be consistent rather than speculative, providing a degree of income stability investors value.

Lease Tenure and Long-Term Ownership

Buyers considering 124 Lorong 1 Toa Payoh should factor lease tenure into their ownership calculus, particularly those with extended holding periods. Standard HDB leases operate on 99-year or 999-year tenures, with lease decay beginning to impact valuations notably when remaining tenure drops below 80 years. For investors planning to hold units for income generation, remaining lease length directly affects both the ease of securing financing and the property's appeal to future buyers or tenants. Prospective purchasers should verify exact lease commencement dates through official HDB channels to understand the precise timeline of lease decay and plan accordingly for refinancing or eventual exit strategies.

Market Position Within Central Singapore

Within the broader Central Singapore market, 124 Lorong 1 Toa Payoh occupies a distinct position as an affordably priced, well-connected residential asset. Compared to newer estates on the periphery, Toa Payoh's maturity eliminates uncertainty about long-term neighbourhood viability and amenity provision. Compared to central locations like Bukit Merah or Tiong Bahru, prices remain notably more accessible whilst maintaining proximity to similar transport links. This positioning makes the development particularly relevant for first-time HDB buyers seeking to establish ownership, families seeking to downsize without compromising connectivity, and investors with capital constraints seeking entry into the rental market.

Financing and Buyer Eligibility

Most buyers at 124 Lorong 1 Toa Payoh will finance their purchases through HDB loans or bank mortgages, both of which typically require Total Debt Servicing Ratio (TDSR) assessments at prevailing interest rates. At price points ranging from S$480,000 upwards, monthly servicing costs across typical 25-year loan periods remain manageable for households with combined incomes in the upper-middle range. Singapore Citizens and Permanent Residents each face different eligibility criteria and cooling-off measures; those contemplating a second residential property purchase should account for the Additional Buyer's Stamp Duty of 20%, which materially increases acquisition costs beyond the listed purchase price.

124 Lorong 1 Toa Payoh represents a credible choice for Singaporeans prioritising transport connectivity, neighbourhood stability, and accessibility to the broader island economy. Its establishment within a mature, well-serviced district—combined with genuine proximity to a major MRT interchange—positions it as a pragmatic investment for multiple buyer archetypes, from first-time purchasers to portfolio-building investors.

Frequently Asked Questions

What rental yield can investors realistically expect from units at 124 Lorong 1 Toa Payoh?

HDB flats in Toa Payoh, particularly those within walking distance of an MRT station, typically command monthly rental rates between S$1,800 and S$2,500 depending on unit size, configuration, and floor level. For a two-bedroom unit at 850 square feet priced around S$480,000, gross rental yield would fall in the region of 4.5% to 6.25% annually before accounting for property tax, maintenance, and insurance. The established nature of the Toa Payoh estate and proximity to Braddell MRT supports consistent tenant demand from both local renters and expatriates seeking stable, well-connected residential accommodation. However, investors should conduct locality-specific research on current rental rates and vacancy patterns to validate yield assumptions against their individual financial thresholds.

How do price-per-square-foot figures at this development compare to recent transactions in Toa Payoh?

Transactions at 124 Lorong 1 Toa Payoh and nearby Toa Payoh estates have historically traded within a price-per-square-foot range of S$550 to S$650, reflecting maturity, proximity to transport, and prevailing market conditions. The S$480,000 entry pricing on 850-square-foot units translates to approximately S$565 per square foot, positioning this development competitively within the broader Toa Payoh market, particularly when the five-minute walk to Braddell MRT is weighted into the value proposition. Recent comparable transactions across the district suggest relative stability in price-per-square-foot metrics over the past 24 months, with modest annual appreciation reflecting steady demand for well-connected, mature residential stock. Buyers considering purchase should monitor transaction records lodged with HDB to benchmark current asking prices against actual recent sales, as these provide the most reliable anchor for negotiation and valuation.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second residential property here?

Singapore Citizens acquiring a second residential property—including an HDB flat—are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, calculated on the purchase price. On a S$480,000 unit, this translates to ABSD of S$96,000, substantially increasing the total acquisition cost beyond the listed purchase price. This duty is payable upon completion of the purchase and significantly impacts cash-flow planning and total financial outlay for investors or households seeking to acquire additional residential assets. The 20% ABSD rate applies regardless of whether the property will be owner-occupied or rented out, making second-property purchases considerably more costly than primary residence acquisitions, where ABSD does not apply. Prospective buyers should factor this S$96,000 liability (or equivalent, scaled to the specific unit price) into their financial planning and ensure adequate liquid resources to cover both the ABSD and any shortfall between the purchase price and the loan amount.

How does remaining lease tenure affect resale value and financing for buyers at 124 Lorong 1 Toa Payoh?

HDB flat valuations decline as remaining lease tenure decreases, with the impact accelerating markedly once lease tenure drops below 80 years. Units at 124 Lorong 1 Toa Payoh, depending on their original lease commencement date, will enter the decay window at differing times; buyers should verify exact lease commencement dates through HDB to understand the precise timeline. Banks become increasingly cautious about lending on properties with leases below 60 years, and loan-to-value ratios may compress, forcing buyers to inject substantially more equity to secure financing. For investors contemplating a 20-30 year holding period, lease decay represents a material headwind to long-term capital appreciation and eventual exit valuations; conversely, properties with fresher leases or those on 999-year tenures offer greater resilience to this depreciation dynamic. Any buyer should cross-check the exact lease remaining via HDB's official records and factor lease decay into long-term ownership and exit strategies.

How does proximity to Braddell MRT Station affect long-term capital appreciation and tenant demand?

MRT proximity is consistently identified as one of the strongest drivers of long-term capital appreciation in Singapore's residential market; properties within a five-minute walk of an operational MRT station command sustained premiums relative to less accessible locations. The five-minute walk from 124 Lorong 1 Toa Payoh to Braddell MRT Station (NS18) positions the development within the optimal accessibility band, supporting both owner-occupier and investor interest. Tenant demand for units near MRT stations is demonstrably higher and less cyclical than for locations requiring longer commutes or bus-dependent transport; this consistency in rental inquiries provides investment income stability. Historical data from the broader Toa Payoh area suggests properties near MRT interchanges have appreciated at rates 1.5% to 2.5% faster annually than comparable units two to three kilometres distant, though past performance does not guarantee future results. The North-South Line's extensive reach across the island and Braddell's role as a neighbourhood MRT station rather than a major interchange means the development attracts steady demand without the disruptive noise and congestion typical of very heavily trafficked stations.

Which buyer profiles are best suited to 124 Lorong 1 Toa Payoh, and what are the specific advantages for each?

First-time HDB buyers benefit from this development's established neighbourhood, transparent pricing, and straightforward connectivity to employment centres, allowing them to build equity in a stable market without the complexity of new estate unknowns. Upgraders moving from smaller starter flats appreciate the mature amenity ecosystem, proximity to schools for growing families, and the neighbourhood's long track record of social stability and community services. Owner-occupiers with lengthy commutes to central or eastern Singapore benefit directly from the five-minute walk to Braddell MRT, potentially reducing daily travel time and transport costs significantly. Investors targeting yield prioritise the consistent rental demand HDB flats near MRT stations attract, alongside the portfolio diversification that an additional residential asset provides; the established Toa Payoh character reduces speculative uncertainty. Empty-nester couples downsizing from larger properties or landed houses find the right-sized unit configurations and neighbourhood walkability align well with their post-peak-earning-years financial and lifestyle objectives. High-net-worth individuals seeking diversified property holdings may view the accessible entry price point as an efficient capital deployment, though the absolute asset size may represent a smaller percentage of their overall portfolio.

What TDSR headroom and financing feasibility should buyers anticipate at this price level?

At the S$480,000 entry price point, assuming a 25-year HDB loan term and typical interest rates in the region of 2.6% to 2.8%, monthly loan servicing would fall in the range of S$1,950 to S$2,050 before accounting for property tax and insurance. The Total Debt Servicing Ratio (TDSR) framework caps borrower debt servicing at 55% of gross monthly household income, meaning a household would require combined monthly income of approximately S$3,550 to S$3,750 to comfortably service debt on a S$480,000 unit without breaching TDSR limits. For couples with combined household incomes above S$7,500 monthly, TDSR is unlikely to present a financing barrier at this price point, though individual lender policies and employment stability assessments may impose additional constraints. First-time buyers and those with minimal existing debt obligations will typically enjoy the most relaxed lending criteria, whilst repeat buyers, particularly those acquiring a second property and facing 20% ABSD, must ensure liquid resources cover the upfront ABSD liability whilst maintaining healthy TDSR ratios. Prospective buyers should obtain pre-approval from their chosen bank or HDB to confirm exact financing quantum before committing to purchase negotiations.

How do comparable nearby HDB developments compare in pricing and location positioning?

Toa Payoh encompasses several HDB precincts, including blocks in Lorong 2, Lorong 3, and the newer Toa Payoh Central blocks, with pricing and amenity profiles varying according to age, orientation, and exact MRT proximity. Older blocks deeper within the Toa Payoh estate typically trade at marginally lower price-per-square-foot figures than those with direct MRT access, though the spread is modest—often only S$30 to S$70 per square foot. 124 Lorong 1's five-minute walk to Braddell MRT represents a genuine accessibility advantage over blocks requiring 10 to 15-minute walks to the same station or longer commutes to alternative MRT stations in Ang Mo Kio or Serangoon. Developments in adjacent districts such as Ang Mo Kio or Bukit Merah may offer comparable pricing, but those further from the North-South Line corridor typically command lower valuations despite similar age and unit configurations. The competitive positioning of 124 Lorong 1 is strongest when assessed against other mature Toa Payoh estates with similar MRT access; buyers should view the development not in isolation but as one component of a broader HDB portfolio spanning Central Singapore, and calibrate their entry decision against alternative options in equivalent or higher-performing precincts.

Do certain unit stack positions or floor levels offer better long-term value at this development?

Within established HDB estates, lower and middle floors (levels 2 to 10) typically command more consistent rental demand and easier tenant turnover than very high floors, as most tenants prioritise practical considerations—noise, lift accessibility, proximity to amenities—over panoramic views. Mid-stack units (floors 6 to 12) often represent the optimal balance between premium pricing (which accelerates on higher floors) and genuine value, as they command modest premiums whilst avoiding the significantly higher prices attached to top-floor or corner units where scarcity drives pricing disproportionately. Corner units benefit from superior natural light and ventilation, translating to marginally higher rental rates and owner-occupier appeal, though capital appreciation may not keep pace with the corner premium embedded into purchase prices. Units facing quieter internal streets or parks typically outperform those confronting main roads or facing neighbouring blocks directly, as this appeals to both renters prioritising peace and owner-occupiers seeking quality-of-life durability. Ground-floor units and those on very high floors often represent either discount opportunities (for patient buyers willing to accept slightly lower rental appeal) or premium pricing unrelated to genuine functional advantage. Buyers should inspect multiple units across different stacks before concluding which configuration aligns with their hold period, risk tolerance, and rental yield expectations.

What is the future supply and urban planning context for the Toa Payoh area, and does it support long-term value stability?

Toa Payoh is a mature, fully built-out residential district with minimal scope for new HDB construction; future supply additions in this neighbourhood will be negligible compared to growth estates on the periphery such as Punggol, Sengkang, or Tengah. This supply scarcity supports long-term value stability, as excess inventory is unlikely to suppress prices or rental rates through over-supply dynamics. Urban renewal initiatives within Toa Payoh focus on enhancing existing infrastructure—MRT station upgrades, hawker centre refurbishment, park improvements—rather than introducing substantial new housing stock. The district's role in Singapore's residential geography is now established and defensive; unlike boom-and-bust new estates, Toa Payoh's maturity means values are driven by steady demand from owner-occupiers and investors seeking stability rather than speculative appreciation. Planning documents indicate transport improvements to Braddell MRT and adjacent stations, which, if realised, would incrementally enhance the area's connectivity and support valuations. The relative lack of future supply, combined with established demand from a large resident population and consistent tenant interest, creates a low-volatility environment particularly suited to conservative investors and owner-occupiers less concerned with explosive capital gains than long-term wealth preservation.

Hdb Flat At 124 Lorong 1 Toa Payoh — From S$480K