Type

Units

Min Area

Price Range

3 BR

1001 sqft

S$800K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$800K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160K on this acquisition.
Located 6 min (480 m) from EW27 Boon Lay 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?

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698C Jurong West Central 3: A Mature HDB Development in Jurong West

698C Jurong West Central 3 stands as an established residential address in one of Singapore's most developed heartland districts. Located at the intersection of Jurong West Central and its surrounding residential precinct, this HDB development offers a compelling proposition for owner-occupiers and investors seeking exposure to a mature, well-serviced housing market. The address represents a key holding within the broader Jurong West corridor, an area that has attracted significant infrastructure investment and population growth over the past two decades.

The development's proximity to EW27 Boon Lay MRT Station—just 480 metres or approximately six minutes on foot—places residents within easy reach of the East-West Line. This connectivity is a cornerstone of the property's appeal, linking occupants directly to the central business district, Changi Airport, and the broader cross-island transit network. For commuters, students and professionals, the station access reduces journey times considerably and enhances the overall liveability quotient of the location.

Location and Connectivity

Jurong West is one of Singapore's oldest and most densely populated new towns, with a comprehensive ecosystem of primary schools, secondary institutions, and tertiary education facilities. The neighbourhood also supports a full spectrum of retail and dining options, from hawker centres and supermarkets to modern shopping malls. Healthcare facilities, including polyclinics and private practices, are well distributed throughout the area, ensuring residents have ready access to medical services without extended travel times.

The Boon Lay station serves as a major transport hub, with bus interchanges connecting to numerous routes across the western zone. This layered transport infrastructure means that even journeys not served directly by the MRT can be accomplished efficiently via feeder services. The development thus appeals equally to those who prioritise rail access and those who rely on a combination of public transport modes.

Housing Options and Affordability

Units at 698C Jurong West Central 3 are available from S$800,000 onwards, positioning the development within the accessible range for upgraders moving from smaller flats and for first-time buyers with adequate financing capacity. HDB flats at this location typically offer configurations spanning three and four-room formats, each providing generous floor areas suitable for growing families or multi-generational living arrangements. The 1,001 sqft units referenced represent the mid-range offering, delivering ample space for everyday living without the land and maintenance burdens associated with private housing.

The price point reflects both the maturity of the estate and the strength of transportation infrastructure. Unlike newer developments in peripheral zones, 698C Jurong West Central 3 does not command the premium associated with flagship integrated developments, yet it retains the liquidity and demand characteristics that define well-established HDB projects. This balance between affordability and proven market depth makes the development an attractive proposition for cost-conscious buyers.

Investment Potential and Rental Dynamics

For investors evaluating the rental market, Jurong West continues to attract tenants seeking affordable, well-connected accommodation away from the city centre. The presence of multiple educational institutions, coupled with the proximity to employment nodes in Boon Lay and beyond, supports consistent tenant demand across family-sized units. Rental yields in mature HDB estates of this calibre typically range between two and three percent, reflecting the stable but modest appreciation trajectories characteristic of public housing assets.

The investor profile for such properties tends towards long-term capital preservation rather than aggressive yield-chasing. As lease decay becomes a consideration in the medium term, purchase prices already incorporate conservative assumptions about future resale value. Investors should evaluate whether the modest rental income and capital stability align with their portfolio objectives, particularly in comparison to younger estates or purpose-built private rental accommodations.

Lease, Financing and Buyer Eligibility

HDB flats at 698C Jurong West Central 3 are offered on a 99-year leasehold basis, standard for public housing in Singapore. Prospective buyers must satisfy HDB's eligibility criteria, including citizenship requirements, income ceilings and occupancy conditions. First-time buyers and upgraders benefit from the full array of HDB financing options, including the Home Purchase Scheme, which allows drawdowns against CPF savings and concessional loan terms.

For second-property purchasers and foreign residents, Additional Buyer's Stamp Duty (ABSD) applies at a rate of 20% for Singapore Citizens acquiring a second residential property. This represents a material addition to the total transaction cost and must be factored into investment decisions. Buyers should model their financing requirements carefully, ensuring that Total Debt Service Ratio (TDSR) headroom remains adequate after accounting for ABSD, legal fees, and buyer's agent costs.

Capital Appreciation and Market Position

As a mature estate, 698C Jurong West Central 3 does not offer the capital appreciation potential of younger developments in emerging districts. However, the stability of Jurong West as an established residential node, combined with continued infrastructure investment and the absence of large-scale new supply in the immediate vicinity, supports a measured appreciation environment. Price per square foot transactions in the area have historically remained consistent, reflecting a well-established market equilibrium.

The development appeals most strongly to upgraders seeking to maximise their living space and to investors building diversified property portfolios. First-time buyers benefit from the lower entry price and strong MRT connectivity, though they should be aware that future capital gains will likely be modest compared to developments in transformation zones or newly launched precincts. The trade-off is certainty: the rental market is proven, the buyer pool is deep, and exit opportunities are reliable.

Suitability Across Buyer Profiles

For high-net-worth individuals, 698C Jurong West Central 3 typically represents a secondary investment rather than a core holding, offering diversification into stable public housing assets without requiring extensive due diligence or active management. Upgraders find the development particularly appealing, as the modest price increment above entry-level flats delivers significantly more space and amenity access. First-time buyers benefit from the cost-effective entry point and the proven rental market, though they should approach with realistic expectations about long-term appreciation. Portfolio investors view the estate as a stable, dividend-yielding asset that complements higher-growth holdings elsewhere in their real estate portfolio.

Conclusion

698C Jurong West Central 3 exemplifies the mature HDB development: well-established, comprehensively serviced, and positioned within an area of proven residential demand. The proximity to Boon Lay MRT Station, combined with affordable pricing and spacious unit configurations, makes the development a practical choice for multiple buyer cohorts. While capital appreciation expectations should remain measured, the stability of the estate, consistency of the rental market, and depth of the buyer pool provide confidence in both occupancy outcomes and eventual resale prospects. For those prioritising affordability, connectivity and established community infrastructure over cutting-edge design or capital gain potential, 698C Jurong West Central 3 merits serious consideration.

Frequently Asked Questions

What rental yield can investors realistically expect from units at 698C Jurong West Central 3?

Rental yields for HDB flats in mature Jurong West estates typically range between 2% and 3% per annum, reflecting the modest but stable income characteristics of this segment. At a purchase price of S$800,000, investors could expect gross annual rental income in the region of S$16,000 to S$24,000, depending on unit size, condition and local market conditions at the time of lease commencement. These yields are lower than purpose-built private rental properties but come with the advantage of lower entry costs, established tenant demand, and the stability associated with long-held HDB assets. Investors should note that yields may compress further as the lease ages, and they must factor ABSD (20% for second-property Singapore Citizens) into their return calculations.

How does the price per square foot at 698C Jurong West Central 3 compare to recent transactions in the area?

Price per square foot in the Jurong West corridor for HDB flats has remained relatively stable, typically clustering between S$750 and S$850 per sqft depending on floor level, unit condition and specific sub-location. A unit at 698C Jurong West Central 3 priced at S$800,000 with an area of 1,001 sqft translates to approximately S$800 per sqft, placing it squarely within the contemporary market range for this precinct. Recent comparable sales in nearby stacks and similar-vintage developments suggest that pricing at this level is neither premium nor discounted, indicating fair market value positioning. Buyers should conduct a localised comparison of recent transactions to confirm that specific unit offerings align with prevailing psf benchmarks before committing to purchase.

What is the ABSD impact for a Singapore Citizen purchasing a second residential property at this development?

Additional Buyer's Stamp Duty (ABSD) is levied at 20% of the purchase price for a Singapore Citizen acquiring a second residential property, effective immediately upon the completion of the purchase. On a property priced at S$800,000, ABSD would amount to S$160,000, representing a material addition to total acquisition costs. This duty is payable within 14 days of the instrument of transfer being lodged and must be accounted for in financing arrangements and cash flow planning. Buyers should note that ABSD is in addition to the standard Stamp Duty and other costs such as legal fees, survey fees, and agent commissions, all of which collectively raise the total outlay to approximately 7% to 8% above the purchase price. Second-property buyers must ensure adequate liquidity and financing capacity to cover this obligation without jeopardising their overall financial position.

What lease decay risk does 698C Jurong West Central 3 face, and how will this affect future resale value?

As a 99-year HDB leasehold flat, 698C Jurong West Central 3 is not subject to the accelerated depreciation pressures faced by private properties with shorter lease tenures. However, as the lease ages beyond the 30-year mark, buyers become increasingly sensitive to the remaining lease period when evaluating purchase decisions. Currently, depending on the year of issue, units at this development likely have lease tenures of 70 to 80 years remaining, which is still within the mainstream transactional range. Financial institutions will typically offer 80% to 85% loan-to-value financing on such assets without material adjustment. Over the medium term (10 to 20 years), lease decay will gradually compress market values and financing terms; by the time leases drop below 50 years, transactions become more difficult and values soften noticeably. Buyers should view this property as a medium-term holding rather than an indefinite long-term asset, and they should plan for eventual resale or lease renewal arrangements well in advance of lease maturity.

How does proximity to Boon Lay MRT Station affect demand and capital appreciation for this development?

The location within 480 metres of EW27 Boon Lay MRT Station is a primary demand driver for the development, as it eliminates dependence on car ownership and feeder bus services for commuters accessing central Singapore or other MRT-connected destinations. Properties within walking distance of MRT stations consistently command premiums over equivalent properties in areas requiring bus interchange or longer walking times, and this premium is reflected in both purchase prices and rental values. The East-West Line connection provides direct access to major employment nodes, educational institutions, and the CBD, supporting both owner-occupier demand (particularly among working-age households) and investor interest (seeking stable long-term rental income). Capital appreciation prospects are tied closely to transport infrastructure stability; as long as the Boon Lay station remains a functioning, well-utilised transit node, the relative value premium of this location should persist. However, capital gains are unlikely to exceed inflation rates, given that the development is already mature and fully priced according to this established transport advantage.

Which buyer profiles are best suited to purchasing at 698C Jurong West Central 3?

First-time buyers with adequate financing capacity benefit most from the accessible entry price and proven tenant demand, though they should temper expectations about long-term capital appreciation. Upgraders moving from smaller flats find the spacious configurations and modest price increment attractive, particularly if they value established community infrastructure and transport access over contemporary design features. Portfolio investors seeking stable, income-generating assets without active management demands view the development as a valuable diversification holding, complementing higher-growth properties elsewhere in their portfolio. High-net-worth individuals may regard the property as a secondary, low-friction investment that provides real estate exposure without the complexity or premium pricing associated with new launch developments or prime residential zones. Young families prioritising affordability and connectivity are well-served by the location's proximity to schools, healthcare and amenities, and the modest price point allows them to maximise space within a constrained budget.

What TDSR headroom and financing arrangements should buyers expect at typical price points?

At a purchase price of S$800,000, a 25-year HDB mortgage with 80% loan-to-value financing would result in a monthly principal and interest payment of approximately S$3,500 to S$3,800, depending on prevailing interest rates. Most financial institutions apply a Total Debt Service Ratio (TDSR) cap of 60%, meaning that total monthly debt obligations (including the mortgage, any existing credit facilities, and other liabilities) should not exceed 60% of gross monthly household income. This implies that a buyer would require a gross monthly income of approximately S$5,800 to S$6,300 to qualify for full financing without TDSR constraints. Buyers should account for CPF contribution rates (currently 37% of salary for employees aged 55 and below), which reduce the available cash component of monthly instalments. Second-property buyers must additionally set aside S$160,000 for ABSD and a further S$30,000 to S$40,000 for legal fees, survey costs and other acquisition expenses, substantially increasing total capital requirements beyond the mortgage amount.

How does 698C Jurong West Central 3 compare to nearby competing HDB developments in Jurong West?

Jurong West contains numerous HDB blocks and precincts developed across different phases over the past four decades, ranging from the original Jurong estates to more recent infill developments. Competing developments in the vicinity typically offer similar price points (S$700,000 to S$950,000 depending on unit size and stack), comparable floor areas, and equally convenient MRT access via Boon Lay or other stations. Key differentiation factors include specific location within Jurong West (proximity to shops, hawker centres, schools), block height and orientation (affecting sunlight and breeze), age and condition of facilities, and the precise distance to the nearest station. 698C Jurong West Central 3 occupies a central position within the Jurong West corridor and benefits from mature community infrastructure; competing blocks further from the MRT or in less-established sub-precincts may offer marginally lower prices but at the cost of longer commute times or less established amenity access. Buyers should visit multiple competing developments and undertake direct comparisons of unit finishes, block layouts and local amenity access to ensure they are obtaining optimal value within their budget.

Which unit stacks or floor levels offer the best value at this development?

Middle-floor units (typically floors 8 to 18) in HDB developments generally offer superior value compared to lower or upper floors, as they avoid ground-floor concerns such as dampness, noise and reduced privacy, whilst also avoiding the premium typically attached to higher floors and the increased exposure to strong winds and sun glare on very high levels. Corner units and units with better orientation (facing quieter streets or open spaces rather than internal courtyards) command modest premiums that may or may not be justified depending on personal preferences and long-term rental appeal. Lower floors (particularly floors 3 to 6) are often undervalued relative to their functional appeal, particularly if the development is set back from a major road; these units can represent genuine value opportunities for owner-occupiers who are less concerned with views and more focused on acquisition cost. Investors should prioritise accessibility and practical functionality over prestige factors such as high-floor status, as renters value convenience, natural light and natural ventilation rather than commanding views. The best floor-by-floor valuation can only be established through direct inspection and comparison of recent similar transactions within the same block.

What is the future supply pipeline in Jurong West, and how might this affect long-term property values?

Jurong West is a mature, largely built-out residential district with limited undeveloped land available for major new HDB construction. The Urban Redevelopment Authority and Housing and Development Board have signalled that most growth in the western zone will occur through in-fill development, selective upgrading of older estates, and renewal projects rather than expansive new town creation. This constrained supply profile generally supports price stability, as new competing inventory is unlikely to depress values or saturate the rental market. However, future MRT enhancements (such as the planned expansion of the Jurong Region Line) may redirect growth incentives and buyer attention to newly connected precincts, potentially reducing the relative appeal of established developments such as 698C Jurong West Central 3. National policies favouring lease renewal schemes and potential changes to HDB financing eligibility rules could also influence long-term demand and pricing dynamics. Buyers and investors should monitor HDB master planning announcements and transport infrastructure timelines, as these will shape the medium to long-term outlook for the property values in Jurong West.

Hdb Flat At 698C Jurong West Central 3 — From S$800K