Type

Units

Min Area

Price Range

2 BR

1011 sqft

S$3,900/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,900.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$780 on this acquisition.
Located 12 min (1.02 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.

249 Jurong East Street 24: A Well-Connected HDB Development in Jurong East

Situated at 249 Jurong East Street 24, this HDB development represents a mature residential community in one of Singapore's most established industrial and commercial hubs. The project comprises a selection of units ranging from compact two-bedroom configurations to larger family-oriented layouts, each designed to accommodate the diverse needs of homeowners in this sought-after district. The development sits comfortably within the Jurong East planning area, an evolving neighbourhood that combines residential tranquillity with proximity to significant economic activity.

Located approximately 1.02 kilometres from EW25 Chinese Garden MRT Station—a journey of roughly 12 minutes on foot—the development benefits from excellent public transport connectivity. This proximity to a major interchange station means residents enjoy seamless access across the East-West Line, facilitating commutes to the central business district, major employment centres, and educational institutions throughout the island. The accessibility factor has historically supported strong rental demand and capital appreciation within the immediate vicinity.

Layout and Space Considerations

Units at this development typically feature thoughtful internal configurations that maximise usable living areas. The standard two-bedroom, two-bathroom arrangement spans approximately 1,011 square feet, providing sufficient space for families, upgraders, and young professional couples. The separation of sleeping quarters from common living spaces allows for privacy and functional zoning, whilst the dual-bathroom setup caters to households with multiple occupants or those seeking convenient guest facilities.

The floor plate design reflects contemporary HDB planning principles, with adequate ventilation, natural lighting, and flexible furnishing options. Residents benefit from well-proportioned kitchens, serviceable dry kitchens in select units, and balconies that extend living space outward. The modest overall area keeps maintenance responsibilities manageable and utility costs proportionate, making the development attractive to cost-conscious buyers and investors alike.

Jurong East: A Mature, Established Neighbourhood

The wider Jurong East district has evolved into a vibrant mixed-use precinct over several decades. The neighbourhood hosts major retail clusters, hawker centres, supermarkets, healthcare facilities, and educational establishments, creating a self-sufficient living environment where residents rarely need to venture far for daily necessities. The presence of significant commercial activity has historically sustained steady foot traffic and economic vitality, underpinning both rental appeal and long-term property value stability.

Jurong East's positioning as a regional hub for both commerce and residential living has attracted sustained interest from owner-occupiers and investors. The district benefits from well-maintained public facilities, functional neighbourhood centres, and a broad demographic base that spans young families, upgraders, and retirees. This diversity of resident profiles tends to insulate the area from over-dependence on any single buyer segment, supporting stable demand across market cycles.

Transport Connectivity and Urban Accessibility

The Chinese Garden MRT Station represents a critical transport node, serving multiple daily commuting patterns and leisure trips. The East-West Line's comprehensive coverage means residents can reach the Marina Bay financial district, the Orchard shopping belt, Changi Airport, and numerous employment zones with minimal transfers. This transport advantage translates into practical lifestyle benefits: shorter commute times, reduced reliance on private vehicles, and greater flexibility in job and school selection.

Commuting convenience has repeatedly demonstrated its influence on HDB resale value and rental appeal. Properties situated within 10 to 15 minutes' walk of an MRT station consistently command stronger demand and more resilient pricing than those requiring longer journeys. The development's positioning relative to Chinese Garden Station thus represents a tangible asset when considering investment potential or personal lifestyle planning.

Pricing and Market Positioning

The development's pricing reflects its mature HDB status and established location. Units are available from competitive entry points, making the development accessible to first-time buyers entering the HDB market, upgraders seeking larger space, and investors searching for steady rental income. The per-square-foot valuation aligns with secondary-market HDB transactions in the Jurong East precinct, reflecting realistic market conditions rather than speculative premiums.

Transparency in pricing across available units enables prospective buyers and tenants to make informed comparisons and understand the value proposition clearly. The range of available units ensures that different household sizes and budget parameters can find suitable options within this single development, reducing the need to search across multiple projects.

Suitability for Different Buyer and Tenant Profiles

The development appeals to a broad cross-section of the residential market. First-time HDB buyers benefit from established infrastructure, predictable management frameworks, and transparent property regulations that govern public housing in Singapore. Upgraders moving from one-bedroom or studio configurations find the two-bedroom layout provides meaningful additional space without the complexity or financing demands of private apartment ownership.

Investors view the development as a stable rental asset, offering predictable demand from young professionals, small families, and relocating expatriates seeking affordable, well-connected residential accommodation. The proximity to employment zones in Jurong East itself, combined with easy access to the broader island, creates consistent tenant enquiry. The modest unit size also maximises rental yield relative to capital outlay, an important consideration for investors managing multiple properties.

Upgraders and owner-occupiers appreciate the development's maturity and established community character. Schools, healthcare services, and recreational facilities have been operational for years, allowing families to assess neighbourhood fit before committing to a purchase. The stable, predictable environment appeals to those prioritising lifestyle and family stability over capital appreciation speculation.

Investment Considerations and Lease Tenure

As an HDB development, units at 249 Jurong East Street 24 are subject to Singapore's public housing lease structure. Prospective buyers should verify the exact lease tenure of available units, which will be either 99 years or 999 years depending on the original grant date and any subsequent renewal. Understanding lease duration is critical for long-term investment planning, particularly when forecasting resale value trajectories across different holding periods.

HDB lease tenure does not typically impact short to medium-term rental appeal or occupancy rates; tenants generally prioritise location, price, and amenities over lease duration. However, buyers intending to hold units for extended periods, or investors purchasing properties primarily for eventual resale upside, should factor lease decay considerations into their financial modelling. Properties with longer remaining lease tenures generally maintain stronger resale demand and capital preservation.

Financing and Affordability

The development's pricing structure supports accessible financing pathways for eligible buyers. Singapore's Housing and Development Board financing schemes, complemented by standard bank mortgages, provide competitive interest rates and flexible terms tailored to HDB purchases. First-time buyers benefit from additional subsidies and grants that further enhance affordability, making entry into this development highly accessible compared to private residential options.

Total Debt Service Ratio (TDSR) thresholds, typically set at 60% of gross monthly income for HDB loans, are generally manageable for employed professionals targeting units in this price segment. The modest quantum relative to private property financing means that buyers in the mid-income bracket can comfortably service mortgages whilst maintaining financial flexibility for other family needs and savings objectives.

Competitive Context and Nearby Alternatives

The HDB secondary market in the Jurong East district features numerous developments of comparable age, size, and positioning. Some nearby alternatives may offer marginally different floor plans or slightly varying MRT distances, yet this development's particular advantages—especially its proximity to a major interchange station and location within a mature, established estate—ensure it remains a relevant option for buyers evaluating this precinct.

Savvy purchasers typically compare per-square-foot pricing, unit layouts, amenities, and MRT access across several developments before deciding. The transparency and breadth of choice within the HDB secondary market means that competitive pressure keeps pricing realistic and prevents artificial premiums from forming around any single property.

Future Outlook and District Development

The Jurong East district continues to evolve through planned urban renewal, infrastructure upgrades, and commercial intensification. Future supply of new HDB units in immediately adjacent locations may influence longer-term pricing dynamics, though the established nature of this development and its mature tenant and owner base suggest it will retain steady demand regardless of new-build activity.

District-level development plans focus on enhancing connectivity, retail variety, and public spaces rather than large-scale residential displacement. This trajectory bodes well for existing developments, which tend to benefit from improved amenities and infrastructure without facing obsolescence or underutilisation pressures. Prospective buyers can thus expect the neighbourhood to remain functionally vibrant and economically active across their intended holding period.

Practical Next Steps

Prospective buyers are encouraged to verify exact unit specifications, floor levels, and availability status directly through official HDB channels or qualified property advisors. Site visits allow firsthand assessment of floor conditions, unit orientation, and neighbourhood character—factors that often influence personal satisfaction and long-term asset performance. Understanding financing options, lease tenure details, and any estate-level regulations ensures informed decision-making aligned with individual investment or occupancy objectives.

Frequently Asked Questions

What rental yield can investors expect if purchasing a unit at 249 Jurong East Street 24 as an investment property?

Rental yields on HDB units at this development typically range between 2.5% and 3.5% gross annual yield, depending on exact unit configuration, floor level, and current market rental rates for comparable two-bedroom flats in the Jurong East precinct. The proximity to Chinese Garden MRT Station supports consistent tenant demand from young professionals and small families, providing relatively stable occupancy rates. Investors should factor in HDB management fees, property taxes, and potential maintenance costs when calculating net yields; these operational expenses typically reduce gross yields by 0.5% to 1% annually. The secondary HDB market has historically demonstrated predictable rental behaviour, making yield forecasting more reliable than speculative new-launch projects, though actual outcomes depend on individual unit characteristics and prevailing market conditions at the time of letting.

How does the per-square-foot pricing at 249 Jurong East Street 24 compare to recent HDB transactions in Jurong East?

The development's per-square-foot valuation reflects typical secondary-market HDB pricing in the Jurong East district, generally positioning units in the mid-range relative to the broader estate. Recent comparable transactions in the immediate vicinity have traded within a price band that reflects the development's established age, condition, and locational advantages; exact figures vary depending on floor level, unit orientation, and specific transaction timing. Properties closer to the MRT station command modest premiums over those further away, a pattern consistently observed across Singapore's HDB markets. Prospective buyers comparing this development to alternatives in the same district should expect pricing variation primarily driven by lease tenure, floor condition, and remaining lease duration rather than by neighbourhood-level variation, as the Jurong East HDB market remains relatively homogeneous in terms of transport access and amenity provision.

What are the Additional Buyer's Stamp Duty (ABSD) implications for Singapore Citizens purchasing a second property at this development?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For example, an HDB unit purchased at S$400,000 would incur ABSD of S$80,000, substantially increasing the total acquisition cost. This duty applies in addition to standard Buyer's Stamp Duty and represents a significant financial consideration that affects both capital outlay and overall investment returns. First-time HDB buyers and non-citizen permanent residents purchasing their first Singapore residential property are exempt from ABSD, making the development more accessible for these buyer cohorts. Investors and upgraders already holding residential property should incorporate the 20% ABSD liability into their financial planning and investment return calculations, as this obligation materially impacts internal rate of return and cash-on-cash yield metrics.

How might lease tenure and lease decay affect the long-term resale value of units at 249 Jurong East Street 24?

HDB units at this development carry either 99-year or 999-year lease tenures depending on original grant date; the lease duration directly influences resale value trajectory, particularly for buyers intending to hold units beyond 20 to 30 years. Units with 999-year leases experience negligible lease decay within a typical owner's holding period, whilst 99-year leasehold units begin to experience measurable value erosion as remaining lease duration falls below 80 years. The development's mature age means some units may already be in the 70-85 year remaining lease band, a factor that prudent buyers should investigate thoroughly before purchase. Lease decay typically manifests as slower capital appreciation relative to longer-lease properties and potentially reduced buyer appeal during resale; however, for short-to-medium holding periods of 10-15 years, lease decay remains a secondary consideration relative to location and amenity factors. Buyers planning to occupy units long-term or eventually pass properties to family members should prioritise lease tenure verification as a key decision criterion.

How does proximity to Chinese Garden MRT Station influence demand, resale appeal, and capital appreciation for units at this development?

Proximity to a major MRT interchange station is one of the strongest demand drivers in the HDB market; the 1.02 kilometre distance to Chinese Garden MRT creates a material locational advantage that supports both rental appeal and resale demand. Properties within 10-15 minutes' walking distance of an MRT station historically appreciate at marginally faster rates than those requiring longer journeys, a pattern reflecting the economic value of commuting time savings and transport flexibility. Tenant enquiry for rental units consistently emphasises proximity to public transport, meaning the development maintains robust occupancy rates and rental competitiveness relative to more distant alternatives. The particular advantage of Chinese Garden as an interchange station—serving the East-West Line with onward connections—ensures that the development's transport accessibility remains strategically relevant across multiple employment and educational clusters. Long-term capital appreciation at this development thus benefits from the relative permanence of transport infrastructure; the MRT station configuration is unlikely to change materially, providing confidence that locational advantages will persist across extended holding periods.

Which buyer profiles—first-timers, upgraders, HNW individuals, or investors—are best suited to purchasing units at 249 Jurong East Street 24?

First-time HDB buyers represent an ideal target profile for this development, as the established infrastructure, transparent property regulations, and accessible financing schemes remove barriers to entry and reduce decision complexity. Upgraders moving from smaller HDB units into two-bedroom configurations find the space improvement meaningful without requiring the capital outlay or financing complexity associated with private residential purchases. Professional investors seeking stable rental income and predictable tenant demand view the development as a core-portfolio asset, leveraging the location's consistent demand from young professionals and small families. High-net-worth individuals typically regard HDB investments as complementary to larger private property portfolios, appreciating the diversification benefit and modest capital requirement relative to private residential options. Owner-occupiers prioritising lifestyle, neighbourhood stability, and access to established amenities find the mature development attractive compared to newer launches in emerging areas. The development's positioning thus suits a deliberately broad range of buyer motivations, reducing over-reliance on any single buyer segment and supporting sustained demand across market cycles.

What are realistic Total Debt Service Ratio (TDSR) headroom and financing accessibility for typical unit prices at this development?

At current pricing levels, typical HDB units at this development fall within a price band where TDSR constraints prove relatively non-restrictive for employed professionals and dual-income households. A unit valued at approximately S$400,000-S$450,000 financed over a 25-year HDB loan term at prevailing rates typically translates into monthly servicing obligations of S$1,600-S$1,900, well within the TDSR threshold of 60% gross monthly income for households earning S$2,700-S$3,200 monthly. First-time buyers benefit from enhanced HDB financing terms and additional grants that improve affordability and reduce monthly obligations. Investors and upgraders with existing property holdings should verify their TDSR calculation includes all existing property obligations, as these reduce available borrowing capacity for additional purchases. The modest unit price relative to private residential alternatives means that financing constraints typically do not present a material barrier to acquisition for mainstream buyer segments; rather, the primary affordability consideration centers on deposit funding and transaction costs rather than servicing capacity. Prospective buyers are encouraged to obtain pre-approval statements from HDB or their primary lending institutions to confirm exact borrowing capacity relative to their personal financial situation.

How do competing HDB developments in the Jurong East district compare to 249 Jurong East Street 24 in terms of value and positioning?

The Jurong East HDB secondary market features numerous developments of comparable age and configuration, each with subtle variations in floor plan, condition, and MRT proximity that influence individual pricing and appeal. Some nearby estates may offer marginally different unit sizes or layouts, whilst others are positioned at greater distances from major transport nodes, typically resulting in slightly lower per-square-foot valuations. The secondary HDB market's transparency and breadth of inventory ensures that substantial price variations between comparable properties are uncommon; rather, pricing differentials generally reflect specific unit characteristics—floor level, unit orientation, facing aspect—rather than development-level variation. Savvy purchasers typically compare three to five comparable developments within the district before finalising purchase decisions, allowing informed evaluation of value relative to available alternatives. The competitive intensity of the HDB secondary market functions as a natural pricing mechanism, preventing artificial premiums from forming around any single development and ensuring that pricing remains realistic relative to market conditions.

Are particular unit stacks, floor levels, or stack positions preferable for value and lifestyle at this development?

Middle floors (typically levels 3-8 in HDB blocks) often offer optimal balance between accessibility and amenity, avoiding ground-floor exposure to noise and foot traffic whilst remaining conveniently accessible without extended elevator waits. Higher floors generally command modest price premiums reflecting improved natural ventilation, reduced external noise, and enhanced privacy perceptions, though these premiums must be weighed against lower tenant demand for certain buyer profiles. Units facing main roads experience higher noise and air pollution exposure, typically trading at discounts of 5-10% relative to those oriented toward estate roads or parks. Stack positions adjacent to lift lobbies or common corridors may experience increased foot traffic and noise disturbance, a factor worth verifying through site visits. Units in blocks positioned closer to the MRT station or major amenities command marginal premiums over those in peripheral locations within the estate, reflecting convenience and walkability value. Prospective buyers should prioritise personal lifestyle preferences and family circumstances over speculative stack positioning considerations; a unit in a less-optimal stack at a significantly lower price may represent superior value than a marginally better-positioned unit at premium pricing.

What future supply and district development activity might affect pricing and demand at 249 Jurong East Street 24?

The Jurong East district continues to experience planned infrastructure upgrades, retail development, and commercial intensification, though these initiatives focus on enhancing existing amenities rather than large-scale new HDB construction that would dramatically alter supply dynamics. Future HDB supply in immediate adjacent precincts may emerge through planned replacement or redevelopment of ageing blocks, a process that typically unfolds across 5-10 year periods rather than creating sudden supply shocks. The broader Singapore context shows steady, manageable HDB supply growth aligned with demographic projections, suggesting that the district will not face oversupply scenarios that depress pricing across existing developments. Infrastructure enhancements—such as expanded retail offerings, improved public spaces, or enhanced connectivity—typically benefit existing developments by raising neighbourhood appeal and amenity quality without rendering established properties obsolete. District-level planning documents indicate that Jurong East will evolve toward greater mixed-use intensity and commercial vibrancy, a trajectory supporting sustained demand for residential units within the precinct. Prospective buyers can thus purchase with reasonable confidence that the development's locational and amenity positioning will remain competitively relevant across extended holding periods, underpinned by predictable district-level development rather than speculative transformation scenarios.

Hdb Flat At 249 Jurong East Street 24 — From S$3,900