Type

Units

Min Area

Price Range

Other

107 sqft

S$900/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$900.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$180 on this acquisition.
Located 4 min (370 m) from DT28 Kaki Bukit 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.

666 Jalan Damai: An Established HDB Development in Prime Kaki Bukit

666 Jalan Damai stands as a well-positioned HDB development in one of Singapore's most accessible neighbourhoods. Located in the Kaki Bukit area, this mature residential precinct combines the stability of established public housing with convenient proximity to essential transport and lifestyle amenities. The development's location places residents within an easy commute to the wider central business district and several key employment hubs across the island.

The development's defining advantage is its exceptional proximity to Kaki Bukit MRT station on the Downtown Line. Situated merely four minutes' walk away at a distance of approximately 370 metres, the location offers residents seamless connectivity to Singapore's public transport network. This proximity to DT28 Kaki Bukit means commuters can reach Marina Bay, the financial district, and numerous other key zones with minimal journey time, making the development particularly attractive for working professionals who rely on efficient public transport.

Location and Connectivity

The Kaki Bukit precinct is a well-established residential area that has matured over decades, providing residents with a stable, established community environment. Beyond the immediate MRT connectivity, the neighbourhood benefits from numerous bus routes serving the surrounding areas, creating multiple transport options for residents. The accessibility afforded by the Downtown Line connection has historically supported strong demand and rental interest in this zone, making it particularly relevant for investors evaluating capital appreciation and yield potential.

Proximity to Kaki Bukit MRT station also positions this development within reach of major shopping and entertainment destinations. East Coast Plaza and other retail centres lie within a short commute, whilst educational institutions and healthcare facilities are well distributed throughout the neighbourhood. These factors combine to create an environment that appeals across multiple buyer profiles, from first-time owners seeking affordable entry into homeownership to seasoned investors building portfolios of income-generating assets.

Market Position and Investment Appeal

As an HDB development, 666 Jalan Damai represents one of Singapore's most accessible entry points into property ownership. HDB flats in mature, well-connected areas such as Kaki Bukit have historically demonstrated resilience in both sales and rental markets. The combination of affordable acquisition costs, strong tenant demand due to transport accessibility, and the neighbourhood's established amenities creates a compelling investment thesis for those seeking monthly rental income or moderate capital appreciation over the medium term.

The development's location within a mature estate means residents benefit from fully realised neighbourhood infrastructure. Schools serving the area are well-established, healthcare facilities are readily accessible, and the community has developed robust informal networks. This maturity appeals strongly to upgraders and families seeking stability and convenience, as well as to investors confident in the demand profile of the location.

Understanding HDB Lease Terms and Long-Term Ownership

As with all HDB properties in Singapore, the lease tenure at 666 Jalan Damai follows standard public housing frameworks. Prospective buyers should familiarise themselves with HDB regulations governing lease duration, ownership restrictions, and future resale eligibility. These factors influence both the holding period and eventual resale value of units, making it important for purchasers to understand how lease terms may evolve over their ownership journey. Professional financial and legal advice is recommended when evaluating long-term ownership plans.

Financing and Buyer Eligibility

HDB flats accommodate diverse financing structures, including HDB loans and bank mortgages, making them accessible to a wider spectrum of buyers than private property. First-time owners typically benefit from more favourable loan-to-value ratios and may access CPF Housing Grants, effectively reducing out-of-pocket capital requirements. This accessibility has made HDB developments in prime locations such as Kaki Bukit particularly attractive to younger buyers entering the property market for the first time.

For investors considering a second residential property purchase, it is important to factor in Additional Buyer's Stamp Duty at the current rate of 20% for Singapore Citizens acquiring a second residential property. This represents a material cost that materially affects overall acquisition expenses and the investment's return profile. Financial modelling should incorporate this duty alongside standard legal and agent costs to determine genuine yield potential and payback timelines.

Rental Yield and Income Potential

The development's location, with its four-minute walk to an MRT station, has historically supported consistent rental demand from both local and expatriate tenants. Workers commuting to the business district, students attending tertiary institutions, and professionals seeking convenient residential bases frequently seek HDB rentals in transport-accessible locations. Depending on unit size and specific layout, rental yields can vary, but the general accessibility of the location provides a stable foundation for income-seeking investors.

When evaluating rental income potential, investors should consider both the current rental market rates for HDB flats in the Kaki Bukit zone and the long-term demand trajectory driven by transport infrastructure and neighbourhood development. The presence of the Downtown Line has stabilised tenant acquisition costs and holding periods, reducing vacancy risk compared to less accessible locations. However, investors should conduct detailed research into current market rates and recent letting activity before finalising any investment decision.

Comparison to Competing Supply

The Kaki Bukit and surrounding precincts contain several HDB developments, each with subtle differences in location, layout, and amenities. 666 Jalan Damai's defining characteristic remains its exceptional MRT proximity, which creates a competitive advantage in both sales and rental markets. Prospective buyers and investors should compare asking prices, available unit configurations, and recent transaction evidence across competing developments to benchmark value and identify opportunities that align with their personal investment criteria.

The mature nature of the neighbourhood means new supply is limited; most residential development in the broader East Coast area has shifted towards newer private projects. This relative scarcity of new inventory supports the appeal of existing HDB developments with strong transport connections, as they represent some of the few remaining opportunities to acquire property in this established zone at HDB price points.

Making Your Decision

Whether considering 666 Jalan Damai as a primary residence or as part of a broader investment strategy, thorough due diligence is essential. Assess your personal financing capacity, understand HDB regulations and eligibility criteria, and compare the development's location, available units, and pricing to alternative options in the broader market. Engage with licensed financial advisors and property consultants who can contextualise this development within your broader wealth and housing objectives.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at 666 Jalan Damai as an investment property?

Estimated rental yields for HDB flats at 666 Jalan Damai depend significantly on unit configuration, current asking prices, and prevailing market rates for HDB rentals in the Kaki Bukit zone. The development's proximity to Kaki Bukit MRT station historically supports consistent tenant demand, with typical annual gross yields ranging between 3% and 5% depending on acquisition price and achievable rental rate. To calculate realistic yield, prospective investors should research recent letting evidence for comparable units in the neighbourhood, factor in all holding costs (including conservancy charges, property tax if applicable, and maintenance reserves), and model multiple rental scenarios to stress-test the investment thesis before committing capital.

How does pricing per square foot at 666 Jalan Damai compare to recent HDB transactions in the Kaki Bukit area?

HDB pricing per square foot in the Kaki Bukit precinct has historically reflected strong demand for transport-accessible locations, with recent transactions typically commanding premiums compared to HDB developments further from MRT stations. 666 Jalan Damai's four-minute proximity to Kaki Bukit MRT station positions it competitively within the local market, though exact per-square-foot comparisons require analysis of recent arm's-length sales data for similar unit types and configurations. Prospective buyers should examine transaction records from the past three to six months to benchmark current asking prices against market evidence and identify whether available units represent fair value or command a premium relative to competing neighbourhood HDB stock.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I buy 666 Jalan Damai as my second residential property?

Singapore Citizens purchasing a second residential property, including HDB flats, incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For a property transacting at typical HDB price points, this duty represents a material cost—for example, a purchase price of S$400,000 would attract ABSD of S$80,000, significantly increasing total acquisition costs. This duty is payable within 14 days of the contract date and cannot be deferred, making it essential to factor into financing requirements and overall investment returns. When modelling yield and payback timelines, investors must incorporate ABSD alongside conveyancing costs, property tax, and agent commissions to determine genuine net returns.

How might lease decay affect resale value if I hold a unit at 666 Jalan Damai long-term?

As an HDB property, the specific lease tenure and annual lease depreciation at 666 Jalan Damai will determine how holding period influences future resale value. HDB flats typically depreciate in value as lease duration shortens, with the decline accelerating noticeably once remaining tenure falls below 80 years. Prospective buyers should research the current lease duration of available units, understand HDB's minimum lease requirement for new purchases, and model how their intended holding period might position the property relative to lease-decay thresholds that influence buyer eligibility and financing capacity. Professional advice on HDB lease mechanics and their resale implications is strongly recommended before acquisition.

How does proximity to Kaki Bukit MRT station (DT28) influence demand and capital appreciation potential?

Transport accessibility has proven one of the most reliable drivers of HDB property demand and capital appreciation in Singapore. Properties within a five-minute walk of an MRT station typically command sustained demand from commuters, young professionals, and investors, creating both stable rental markets and relatively resilient resale demand. Kaki Bukit MRT station's position on the Downtown Line, connecting to Marina Bay, the financial district, and other key nodes, positions 666 Jalan Damai as a particularly attractive location for working professionals seeking commute efficiency. Historically, proximity to MRT stations has also moderated downside risk during softer market cycles, as the accessibility appeal remains constant regardless of broader economic conditions.

Is 666 Jalan Damai suitable for first-time buyers, upgraders, or investors—and which profile is best served?

The development appeals across all three profiles, though each benefits from different attributes. First-time buyers appreciate the accessible entry price point, HDB loan availability, and potential eligibility for CPF Housing Grants, making homeownership achievable without substantial equity capital. Upgraders value the mature neighbourhood infrastructure, established schools, and transport connectivity that support family living without the uncertainty of new-estate development timelines. Investors find the MRT-adjacent location and rental demand profile compelling for income generation, though they should model returns carefully after accounting for ABSD, holding costs, and any tenant vacancy risk. Each profile should conduct personalised financial analysis to determine whether 666 Jalan Damai aligns with their specific objectives and constraints.

What TDSR headroom and financing capacity should I model at typical 666 Jalan Damai price points?

The Total Debt Servicing Ratio (TDSR) cap of 60% means buyers' total monthly debt obligations (mortgage, car loans, credit obligations) cannot exceed 60% of gross monthly income. At typical HDB price points, buyers should model mortgage amounts reflecting 80-90% loan-to-value financing (standard for HDB purchases), then calculate monthly repayments based on current interest rates and realistic holding periods. For a property transacting at S$400,000 with a 25-year HDB loan at prevailing rates, monthly repayments would typically fall in the S$1,800–S$2,200 range, requiring gross monthly income of approximately S$3,500–S$4,000 to remain comfortably within TDSR limits. Using a mortgage calculator and discussing financing options with an HDB-accredited bank is essential to confirm your personal borrowing capacity before making an offer.

What competing HDB and public housing developments near Kaki Bukit should I compare against 666 Jalan Damai?

The broader Kaki Bukit and East Coast precincts contain several established HDB estates, each with subtly different locations, unit configurations, and price points. Developments within walking distance of other Downtown Line stations, such as those near Paya Lebar or Mountbatten, offer comparable transport accessibility but may differ in neighbourhood character, amenity density, and pricing. The lack of significant new HDB supply in this mature precinct means most competing options are similarly aged estates, making comparison more straightforward than in growth areas with mixed-age inventory. Prospective buyers should physically visit multiple developments, review recent transaction and rental evidence for each, and assess which combination of price, location, and amenities best aligns with their priorities.

Which unit stacks or floor levels at 666 Jalan Damai typically offer the best value for money?

Value in HDB properties often depends on preferences that vary by buyer profile: mid-level units (floors 5–10) typically command lower premiums than high-floor units whilst still minimising ground-level noise and security concerns, making them attractive for value-conscious buyers. Lower-floor units sometimes trade at discounts despite excellent accessibility, presenting opportunities for investors unconcerned with views. Within building blocks, units mid-way along galleries often benefit from better natural light and ventilation at similar prices to less-favoured end units. The optimal choice depends on personal priorities—an investor prioritising rental yield might favour mid-floor units that rent reliably at lower premiums, whilst an owner-occupier might prioritise views or natural light and justify a higher price. Reviewing available units across multiple floor levels and stacks helps identify relative value within the development.

What future supply pipeline developments in the Kaki Bukit and East Coast district might affect long-term property values?

The Kaki Bukit and broader East Coast districts have matured significantly, with limited scheduled new HDB development supply in the immediate vicinity. Singapore's HDB pipeline focuses increasingly on Growth Areas such as Punggol and Woodlands, meaning established estates like Kaki Bukit face minimal new competition from public housing. However, broader economic trends—such as potential commercial redevelopment in the precinct, future transport infrastructure enhancements, or shifts in employment patterns—could influence long-term demand and values. Prospective buyers should monitor URA planning announcements and HDB development schedules to understand whether any significant changes might emerge over their intended holding period, though the mature nature of this precinct suggests relative stability compared to rapidly developing zones.

Hdb Flat At 666 Jalan Damai — From S$900