Type

Units

Min Area

Price Range

Other

200 sqft

S$1,399/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,399.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$280 on this acquisition.
Located 7 min (590 m) from EW23 Clementi 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.

364 Clementi Avenue 2: Connected HDB Living in Clementi

364 Clementi Avenue 2 represents a well-positioned residential development in one of Singapore's most established and accessible neighbourhoods. Situated on Clementi Avenue 2, this HDB project benefits from its location within a mature estate that has developed steadily over decades, creating a stable residential environment with proven long-term appeal.

The development enjoys strong connectivity through its proximity to Clementi MRT Station (EW23) on the East-West Line, located just 590 metres away—approximately 7 minutes on foot. This positioning ensures residents can reach the city centre, Changi Airport, and major employment clusters efficiently. The East-West Line's extensive network makes this location particularly attractive for commuters working across the island's eastern and central corridors.

Neighbourhood Character and Amenities

Clementi is a mature, well-serviced residential district with a comprehensive ecosystem of retail, dining, and community facilities. The nearby Clementi Mall provides shopping and entertainment options, whilst the surrounding precinct hosts multiple hawker centres offering affordable dining choices reflective of Singapore's vibrant food culture. Educational institutions, healthcare facilities, and recreational spaces are firmly established throughout the area, making it suitable for families and professionals alike.

The neighbourhood's maturity means infrastructure and services are fully developed and proven, reducing the uncertainty associated with emerging estates. Residents benefit from established community bonds, efficient local governance, and consistent property management across the HDB blocks in the area.

Unit Configurations and Space Efficiency

The development accommodates compact unit layouts, with available configurations ranging from modest floor areas designed for efficiency-focused living. These units are particularly suited to investors building diversified portfolios, first-time buyers entering the property market, and professionals seeking low-maintenance accommodation close to transport links. The building's structure and layout reflect practical HDB planning principles, maximising usability within compact footprints.

Investment Perspective and Rental Demand

364 Clementi Avenue 2 appeals to investors targeting the rental market, given its proximity to Clementi MRT and the established catchment of working professionals, students, and transient residents seeking short or medium-term accommodation. The mature neighbourhood status, combined with reliable transport access, supports consistent tenant demand. Rental yields in this precinct are underpinned by genuine occupancy fundamentals: proximity to employment centres, educational institutions, and the convenience of the East-West Line.

Investors evaluating this development should model conservative yield projections based on comparable recent lettings in the Clementi area. Transaction data from similar HDB units in the immediate vicinity offers a reliable baseline for assessing expected monthly rental income relative to acquisition cost and ongoing expenses.

Lease and Tenure Considerations

As an HDB development, lease tenure is a critical factor in long-term value planning. The building's age and remaining lease duration directly impact resale demand and financing capacity—particularly as leases approach 30 years remaining. Buyers and investors should verify the exact lease status and model the decline in property value as the lease decays, understanding that HDB blocks typically experience accelerated depreciation below the 30-year lease threshold. This lease decay dynamic is fundamental to HDB investment strategy and must inform purchase decisions and financing conversations.

Pricing and Market Position

Units at 364 Clementi Avenue 2 are priced competitively within the Clementi HDB market, reflecting location, condition, and typical configurations. Recent comparable transactions on Clementi Avenue and nearby blocks provide context for per-square-foot valuations. Buyers and investors should benchmark current asking prices against recent arm's-length sales data to assess whether units represent fair value relative to transport connectivity and neighbourhood amenities.

Financing and Buyer Considerations

First-time HDB buyers enjoy concessional financing and eligibility advantages, making this development accessible for upgraders from smaller units or first-time purchasers building equity in the owner-occupied sector. Investors acquiring as a second residential property must account for Additional Buyer's Stamp Duty (ABSD) at 20% on the purchase price—a material cost that significantly impacts investment returns and must be incorporated into financial modelling.

TDSR (Total Debt Service Ratio) considerations remain critical; buyers should engage with financial advisors to ensure monthly commitments (including mortgage, existing debts, and living expenses) remain within acceptable thresholds relative to household income. At typical price points for this development, most qualified buyers will find adequate financing headroom through HDB concessional loan schemes or mainstream bank mortgages.

Comparing to Nearby Alternatives

The Clementi precinct hosts several competing HDB developments and privatised blocks, each with distinct advantages. Developments further along Clementi Avenue, or those closer to the MRT station, may command marginal premiums. Conversely, blocks located slightly further from the station may offer better value per square foot. Prospective purchasers should survey recent transactions across Clementi's HDB and private rental stock to contextualise pricing and identify optimal value relative to personal requirements.

Long-Term Capital Growth Potential

HDB flats in mature, well-connected neighbourhoods like Clementi have historically demonstrated resilience through property cycles. Proximity to major transport nodes supports baseline demand, and the area's established amenity base reduces depreciation risk. However, lease decay remains the primary variable determining long-term capital performance; units with ample lease tenure (above 70 years) typically appreciate steadily, whilst those approaching 30 years face structural valuation headwinds. Buyers must weight purchase decisions against current lease duration and their intended holding period.

Suitability Across Buyer Profiles

High-net-worth individuals may view this development as a portfolio addition for yield generation rather than primary residence, particularly if seeking diversification into stabilised, income-producing HDB assets. Upgraders transitioning from smaller units or non-mature estates benefit from the established neighbourhood and proven appreciation trajectory. First-time buyers gain affordable market entry with strong transport connectivity and community infrastructure. Investors building rental portfolios recognise consistent tenant demand underpinned by the Clementi MRT proximity and employment accessibility. Each profile should structure their due diligence—including lease verification, recent comparable analysis, and financial stress-testing—according to their specific investment thesis.

Frequently Asked Questions

What rental yield can investors typically expect from units at 364 Clementi Avenue 2?

Rental yields for compact HDB units in Clementi generally range between 2% and 3.5% annually, depending on exact configuration and current monthly rental rates. Recent lettings of comparable units in the Clementi Avenue area have achieved monthly rents reflecting this band, though yields vary based on acquisition cost and acquired lease tenor. Investors should obtain rental comps from the past 6–12 months for units of similar size on the same block or immediately adjacent blocks to build a precise yield model. The development's proximity to Clementi MRT (EW23) and established employment catchment typically sustains reliable tenant demand, supporting steady-state yield expectations above longer-term inflation.

How does the price per square foot at 364 Clementi Avenue 2 compare to recent HDB transactions in Clementi?

Pricing per square foot for units at this development should be benchmarked against recent arm's-length sales on Clementi Avenue 2 and neighbouring blocks within the past 3–6 months to establish fair market context. Mature HDB estates typically trade within a band reflecting lease tenor, unit condition, and MRT proximity; Clementi's established status and East-West Line access support consistent psf valuations relative to newer or more distant HDB developments. Prospective buyers should request transaction data for units of comparable size and lease duration from local sources or recent PropertyBid and HDB resale portal records, allowing direct comparison of asking prices against proven market rates.

What is the ABSD cost for a Singapore Citizen buying a second residential property at this development?

Additional Buyer's Stamp Duty (ABSD) for a Singapore Citizen acquiring a second residential property is charged at 20% of the purchase price. For a unit priced at, for example, S$350,000, ABSD would amount to S$70,000—a material cost that significantly impacts acquisition price and expected returns for investor buyers. This duty applies on top of standard conveyancing fees and other transaction costs, reducing net equity and increasing the breakeven period for rental yields. Investors must factor ABSD into their financial modelling and loan serviceability assessments, as the duty cannot be financed under typical HDB or bank loan facilities and must be paid upfront.

How does lease decay affect resale value and financing capacity for units at 364 Clementi Avenue 2?

HDB lease decay is a structural driver of property value, particularly as leases approach 30 years remaining; units with shorter leases face accelerated depreciation and reduced financing eligibility under bank and HDB loan schemes. If this development's blocks have leases in the 50–70 year range, resale demand remains robust and financing remains straightforward. However, if lease tenor has fallen below 30 years, lenders will restrict loan tenure and loan-to-value ratios, materially reducing purchaser pool and market liquidity. Buyers must obtain the exact lease commencement date and verify remaining tenure through HDB records before purchase, then model long-term capital value assuming 2–3% annual depreciation once leases fall below 40 years.

What impact does proximity to Clementi MRT (EW23) have on property demand and long-term capital appreciation?

Proximity to Clementi MRT Station on the East-West Line is a material demand driver, supporting both owner-occupier and investor demand. The station's connectivity to Changi Airport (40 min), the CBD (20–25 min), and distributed employment clusters across the east and central zones creates sustained commuting demand, underpinning rental and resale pricing. Historically, HDB units within 10 minutes' walk of major MRT stations have demonstrated superior capital retention and appreciation relative to those requiring 15+ minutes to transit. The development's 590-metre distance to Clementi MRT positions it favourably within this premium band, supporting long-term value stability and demand resilience through property cycles.

Is 364 Clementi Avenue 2 suitable for different buyer profiles, and which profile benefits most?

The development appeals across multiple buyer profiles: first-time buyers benefit from affordable market entry with strong transport connectivity and established amenities; upgraders transitioning from smaller units or further-out estates gain access to a mature, proven neighbourhood; investors building rental portfolios recognise steady tenant demand and yield stability in a lower-volatility asset; high-net-worth individuals may view it as a portfolio diversification tool for consistent, moderate returns. The compact unit configurations and Clementi location are most attractive to investor-focused buyers and professionals seeking low-maintenance urban living, whilst upgraders with family requirements may prefer larger format units if available elsewhere. Each profile should align purchase strategy with lease tenor, holding period, and expected use case.

What are TDSR and financing headroom considerations at typical price points for this development?

Total Debt Service Ratio (TDSR) caps at 55% for HDB loans and typical bank mortgages, meaning monthly debt servicing (mortgage, car loans, credit cards, other obligations) cannot exceed 55% of gross household income. At typical Clementi HDB price points of S$300,000–S$450,000 with 25–35 year loan tenors, monthly mortgage payments range S$1,200–S$1,800 depending on interest rates and deposit size. Borrowers must verify that household income comfortably accommodates this commitment plus living expenses and existing debts; income of S$4,000–S$6,000 monthly typically provides adequate TDSR headroom. First-time buyers benefit from concessional HDB financing and higher maximum loan-to-value ratios (90%), whilst investor buyers on mainstream mortgages face stricter serviceability tests and lower LTV maximums (80%), requiring materially higher deposits.

How do competing HDB developments in Clementi compare to 364 Clementi Avenue 2 in terms of value?

The Clementi precinct hosts multiple HDB blocks and developments spanning Clementi Avenue, Clementi West, and adjacent precincts, each positioned at slightly different price points depending on MRT proximity, block age, and lease tenor. Blocks on Clementi Avenue positioned closest to the MRT station (200–400 metres) may command 5–10% premiums over those 800 metres distant. Nearby private condominiums and rental apartments in the precinct serve as indirect comparables for yield benchmarking, though HDB units typically deliver superior gross yields due to lower purchase prices. Prospective buyers should survey transaction listings for all Clementi HDB blocks within the past 6 months, filtering by similar unit size and lease tenure, to establish accurate market positioning and assess whether 364 Clementi Avenue 2 represents optimal value relative to alternatives.

Which unit stack or floor level typically offers the best value at this development?

In HDB estates, lower-floor units (2nd–5th storeys) typically command modest discounts relative to mid-levels (6th–15th storeys), reflecting buyer preference for natural light and security perception. Higher floors (15th storey and above) often attract premiums of 3–8% depending on views and buyer demographics. However, mid-level units typically offer optimal value—they avoid ground-level noise and security concerns, command no height premium, and provide adequate light and ventilation. For investor buyers prioritising yield, lower-floor units may represent best value if priced at meaningful discounts; owner-occupiers may prefer mid-to-upper levels for amenity and light. Specific stack value depends on unit condition, facing direction, and exact floor height; buyers should inspect comparable units across multiple floor levels to identify personal value preferences and negotiate accordingly.

What is the future supply pipeline for HDB developments in Clementi and nearby districts, and how might this affect long-term property values?

Singapore's HDB construction pipeline is driven by long-term Housing and Development Board roadmaps; Clementi is a mature estate with limited new block construction planned in the immediate vicinity, reducing near-term supply growth and supporting stable valuations. Neighbouring precincts such as Bukit Batok and Bukit Merah may receive additional development, creating marginal competition for buyers seeking affordability and MRT access. However, Clementi's established status, East-West Line connectivity, and comprehensive amenity base position it competitively relative to emerging estates or those further from major transport hubs. The scarcity of new HDB units in the area supports long-term value resilience, though this benefit is offset by lease decay as blocks age; buyers seeking appreciation should prioritise units with robust remaining lease tenor (70+ years) to maximise holding period and capital growth.

Hdb Flat At 364 Clementi Avenue 2 — From S$1,399