Type

Units

Min Area

Price Range

3 BR

1023 sqft

S$1.1M

Type

Units

Min Area

Price Range

Other

120 sqft

S$1,450/mo – S$4,700/mo

Property Highlights

HDB development with 3 units currently available.
Prices currently range from S$1,450 to S$1.1M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$290 on this acquisition.
33% of current units are for sale, from S$1.1M; 67% are for rent, from S$1,450/mo.
Located 14 min (1.14 km) from CC23 One-North 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.

28C Dover Crescent: Compact Living in the One-North Innovation District

Situated on Dover Crescent in Singapore's dynamic One-North precinct, 28C Dover Crescent represents a compelling opportunity for both investors and owner-occupiers seeking a foothold in one of the island's most vibrant mixed-use districts. The development sits within close proximity to the CC23 One-North MRT Station, positioned just 1.14 kilometres away, placing it at the heart of a thriving ecosystem of technology parks, research facilities, and commercial spaces that have transformed this neighbourhood into a magnet for knowledge-based industries and young professionals alike.

The One-North district has undergone substantial transformation over the past decade, evolving from a largely industrial area into a dynamic innovation hub. The introduction of modern transport infrastructure, coupled with strategic urban planning initiatives, has elevated the area's appeal considerably. Residents of 28C Dover Crescent benefit from this strategic positioning, enjoying immediate access to a concentration of multinational technology companies, venture capital firms, and research institutions that have established significant operations within the cluster. This proximity creates a compelling proposition for tenants working in these sectors, many of whom prioritise convenient access to their workplaces over extensive commute times.

The compact unit dimensions at 28C Dover Crescent—120 square feet of living space—reflect contemporary preferences for efficient, low-maintenance accommodation in high-density urban environments. This floor plate size is particularly suited to single professionals, young couples, or investors targeting the rental market, where such units command consistent demand from tenants working in nearby corporate offices and technology parks. The modest footprint also translates to lower utility costs and simplified maintenance, factors that appeal to both owner-occupiers and investment-focused purchasers seeking to optimise operating expenses.

From a rental yield perspective, units at 28C Dover Crescent are positioned within a market segment that demonstrates resilience and steady tenant demand. The proximity to One-North MRT Station ensures reliable access for commuters, whilst the neighbourhood's reputation for contemporary amenities and young professional demographic supports rental stability. Properties in this catchment have historically attracted corporate relocation packages and expatriate housing enquiries, both of which tend to support rental rates above the broader HDB market average. Investors considering 28C Dover Crescent should model rental income based on comparable recent lettings in the immediate vicinity, accounting for the specific advantages of MRT proximity and location within the technology corridor.

For purchasers acquiring 28C Dover Crescent as a second residential property, it is important to factor in Additional Buyer's Stamp Duty (ABSD) implications. Singapore Citizens purchasing a second residential property currently face ABSD at a rate of 20%, calculated on the purchase price. This represents a material cost addition that must be incorporated into investment analysis and total acquisition expenses. First-time HDB purchasers are exempt from ABSD, making this an important distinction for different buyer profiles evaluating the development.

The transit environment surrounding 28C Dover Crescent extends well beyond the immediate One-North MRT connection. The district benefits from integrated bus services and cycling infrastructure, facilitating broader connectivity across the central region. The proximity to the CC23 station places residents within one or two stops of key commercial and residential nodes, making the location particularly attractive for professionals who value efficient commuting and access to wider networking opportunities across Singapore's business precincts.

Capital appreciation potential at 28C Dover Crescent is underpinned by several structural factors inherent to the One-North location. As the technology and innovation sector continues to attract investment and talent to Singapore, demand for accommodation within proximity of these employment clusters remains robust. The scarcity of new HDB supply in prime central locations, combined with ongoing urban consolidation trends, supports the long-term value proposition of properties in this district. Investors should consider 28C Dover Crescent within the context of broader Singapore's economic evolution and the sustained importance of the innovation economy to the nation's growth trajectory.

The regulatory environment for HDB purchases remains stable and well-established. Buyers familiar with the HDB resale process will find that 28C Dover Crescent operates within the standard framework, with all associated protections and market mechanisms intact. The predictability of HDB rules and regulations provides a degree of certainty for purchasers that may be less prevalent in other asset classes, particularly for investors seeking stable, transparent investment vehicles.

For upgraders stepping from smaller HDB units or entering the market from rental accommodation, 28C Dover Crescent offers an entry point into ownership at a scale appropriate to modest household compositions or as a stepping stone for future moves up the property ladder. The modest acquisition price point, relative to private residential alternatives in comparable locations, makes this development accessible to a broader spectrum of purchasers than might otherwise be feasible in the One-North area. The rental market strength in this precinct also ensures that properties retain flexibility, allowing purchasers to transition between owner-occupation and rental investment as life circumstances evolve.

The broader One-North district continues to evolve as a mixed-use precinct, with ongoing public realm improvements and private sector investments supporting livability standards and amenity provision. Proximity to educational institutions, healthcare facilities, and recreational spaces has expanded in recent years, enhancing the appeal of the location for households seeking convenient access to essential services beyond immediate employment hubs. This diversification of the district's offerings supports both rental demand and long-term capital appreciation across the residential property base.

Frequently Asked Questions

What rental yield can investors expect from purchasing a unit at 28C Dover Crescent?

Rental yields at 28C Dover Crescent are supported by strong tenant demand from professionals working within the One-North technology cluster and nearby corporate offices. Properties in this location typically achieve rental rates above the broader HDB average, driven by the premium placement relative to the CC23 One-North MRT Station and the concentration of multinational employers in the immediate vicinity. To calculate expected yield, compare recent lettings of similar-sized units in the One-North catchment against your anticipated purchase price; most investors model gross rental yields in the 3–4% range for well-located HDB stock in this district, though individual outcomes depend on specific unit placement, lease terms negotiated, and prevailing market conditions at the time of purchase and letting.

How does the price per square foot at 28C Dover Crescent compare to recent HDB transactions in the One-North area?

HDB pricing in the One-North precinct reflects strong structural demand from both owner-occupiers and investors, underpinned by the district's status as a major employment hub and the convenience of MRT access. Recent comparable transactions in the immediate area should be reviewed through HDB resale transaction data to establish the market-clearing price per square foot for similar-sized units. The 120 sqft floor plate size at 28C Dover Crescent places it within the studio or one-bedroom segment, which typically commands a price premium relative to larger units when expressed on a per-square-foot basis, owing to the efficient use of space and lower total acquisition cost. Prospective purchasers should analyse 6–12 months of recent comparable sales to establish fair value positioning and identify whether units at this development are trading at a discount, in line with, or at a premium to the locational average.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen buying a second residential property at 28C Dover Crescent?

Singapore Citizens purchasing a second residential property currently incur ABSD at 20% on the purchase price, a material cost that must be factored into total acquisition expenses and investment analysis. For example, a purchase price of S$350,000 would trigger ABSD of S$70,000, meaningfully increasing the effective entry cost and reducing net rental yield unless carefully modelled into the acquisition strategy. First-time HDB purchasers are exempt from ABSD entirely, making the development particularly attractive for owner-occupiers entering the market for the first time; however, existing property owners or investors acquiring a second residential property must account for this 20% stamp duty obligation in their financial planning and return calculations.

Does lease decay pose a material risk to resale value for HDB units at 28C Dover Crescent?

HDB leasehold units typically carry 99-year leases from the date of original construction, meaning that lease decay becomes a relevant consideration as properties approach 30+ years of age and beyond. The rate of resale value depreciation accelerates materially once a property drops below 70 years remaining on its lease, and severely from 50 years onwards, as financing becomes increasingly constrained and buyer demand narrows. Prospective purchasers and investors at 28C Dover Crescent should verify the precise lease commencement date and remaining tenure before committing to purchase, as this will directly influence both the investment horizon and ultimate exit value. For properties with substantial remaining lease periods (typically above 80 years), lease decay is a secondary consideration relative to location fundamentals and capital appreciation drivers; however, investors with a 20–30 year holding horizon should carefully model the long-term resale implications of lease expiration on the property's marketability and value.

How does proximity to CC23 One-North MRT Station support demand and capital appreciation at 28C Dover Crescent?

Direct MRT connectivity is one of the most powerful determinants of property values and rental demand in Singapore's residential market, and 28C Dover Crescent's location just 1.14 kilometres from the CC23 station places it within the optimal walking and cycling range for daily commuters. The One-North cluster hosts a concentration of knowledge-based employment that naturally attracts tenants and buyers seeking to minimise commute friction; this translates to consistent rental enquiries and relatively price-stable capital values, even during broader market downturns. Over the medium to long term, as Singapore's transport network continues to expand and demand for homes near employment clusters intensifies, properties within walking distance of a functioning MRT station have historically outperformed those requiring longer commutes or alternative transport, suggesting that the CC23 proximity is a material driver of sustained capital appreciation at this development.

Is 28C Dover Crescent suitable for first-time HDB buyers, upgraders, and investors equally?

The development appeals to distinctly different buyer profiles for different reasons. First-time buyers benefit from ABSD exemption, making the entry price point particularly accessible, and the compact unit size suits single professionals or couples without dependants seeking an affordable owner-occupied home with excellent transport and neighbourhood amenities. Upgraders transitioning from rental or from a previous HDB resale appreciate the location's appeal for future rental investment and the flexibility to move up the property ladder whilst maintaining the option to let out the property; the One-North location's strong rental demand supports this strategy. Investors acquire 28C Dover Crescent principally for rental yield and capital growth, leveraging the tech-hub employment concentration and MRT proximity to capture above-average tenant enquiry flows and long-term appreciation. High-net-worth individuals may view the property as a small allocation within a diversified portfolio, or as an opportunistic tactical purchase, though the compact unit size typically limits appeal to this cohort compared to larger or more prestigious developments.

What are the Total Debt Servicing Ratio (TDSR) and financing implications for typical price points at 28C Dover Crescent?

HDB financing is subject to standard mortgage lending criteria, including TDSR limits which cap total monthly debt servicing (all loans) at 55% of gross monthly income for HDB purchasers. A property at 28C Dover Crescent priced around S$350,000–S$400,000 would typically require a mortgage of S$210,000–S$240,000 (assuming 40–50% down-payment from CPF Ordinary Account and cash), translating to approximate monthly repayments of S$1,100–S$1,300 over a 25-year term at prevailing interest rates. For a household earning S$5,000 monthly gross income, this would consume approximately 22–26% of TDSR capacity, leaving reasonable headroom for other obligations and providing comfortable financing flexibility. First-time buyers utilising CPF funds benefit from housing grants (up to S$60,000 for first-time HDB purchases), effectively reducing the out-of-pocket and financing requirements significantly; however, second-time and investor purchasers do not qualify for these grants and must fund the ABSD obligation separately, materially affecting financing headroom and overall affordability.

How does 28C Dover Crescent compare to competing HDB developments in the One-North and Dover Road vicinity?

The One-North precinct hosts several HDB developments of varying vintages and configurations, each positioned differently relative to MRT stations, commercial nodes, and amenity clusters. 28C Dover Crescent's key competitive positioning lies in its direct proximity to the CC23 MRT station and the concentration of premium employment opportunities within a short radius, features that distinguish it from developments requiring longer commutes or serving less dense employment hubs. Nearby competing properties may offer larger unit configurations or alternative lease tenures, appealing to different household compositions; however, the efficiency of 28C Dover Crescent's location and the consistency of tenant demand from tech-sector professionals creates a differentiated value proposition. To assess competitive positioning accurately, prospective purchasers should analyse 6–12 months of comparable lettings and sales across the Dover Road and One-North catchments, paying particular attention to average rent-to-price ratios, days-on-market, and buyer profiles to establish the relative attractiveness of 28C Dover Crescent within this competitive peer set.

Are there particular unit stack positions or floor levels that offer superior value at 28C Dover Crescent?

Within HDB developments, unit positioning can influence both rental appeal and long-term value retention, though effects are typically modest compared to location fundamentals. Mid-floor units (approximately floors 8–12 in a 15–16 storey block) often command slight premiums owing to reduced noise from street-level activity and lower risk of flooding during extreme weather events, whilst also maintaining acceptable lift-waiting times relative to ground-floor alternatives. Ground and first-floor units may offer slightly lower acquisition prices, reflecting tenant preferences for higher-level positions; however, these can be attractive to purchasers prioritising accessibility or those with mobility considerations. Upper-floor units benefit from enhanced views and light, but may appeal to a narrower tenant pool and incur marginally higher utility costs during cooling-heavy months. For investment purposes at 28C Dover Crescent, the rental premium attributable to stack position is typically minimal (less than 3–5%), so purchasing based on unit price per se rather than optimising for stack position is usually a sound strategy; however, owner-occupiers may derive meaningful amenity value from mid-floor positioning and should consider their personal preferences within the modest price variance.

What is the future supply pipeline for HDB in the One-North and surrounding districts, and how might this affect 28C Dover Crescent values?

Singapore's long-term housing strategy emphasises densification within existing mature estates and strategic release of new development sites aligned with employment clusters and transport corridors. The One-North precinct is classified as a mature, well-developed area with limited remaining greenfield opportunity, meaning that new HDB supply additions are expected to be modest relative to the installed base over the next 5–10 years. This supply constraint, combined with sustained demand from knowledge-economy workers, supports a constructive outlook for existing properties including 28C Dover Crescent, as the scarcity value of well-located, transit-accessible units tends to appreciate over time. However, government housing policy remains dynamic, and decisions to open adjacent land parcels for residential use, or to alter MRT routing and accessibility, could materially influence the district's future appeal and pricing trajectory. Prudent investors should monitor the Housing and Development Board's published development pipelines and urban planning announcements to assess whether new supply in the One-North or adjacent precincts is likely to compete with existing stock, though historical evidence suggests that new HDB supply in central locations tends to drive broader appreciation through wider amenity improvements and economic validation of the district rather than suppress it through oversupply.

Hdb Flat At 28C Dover Crescent — From S$1,450