Type

Units

Min Area

Price Range

3 BR

1550 sqft

From S$1.0XM

Property Highlights

Spacious 3-bedroom, 3-bathroom HDB flat spanning 1,550 sqft in the established Clementi neighbourhood
Priced at S$1,080,000, offering excellent value for families and upgraders seeking a well-proportioned layout
Prime location with convenient transport links and proximity to schools, shopping, and dining amenities
Ideal investment opportunity with strong rental demand in this sought-after residential enclave
Modern fixtures and thoughtful design throughout, presenting immediate occupancy potential

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Ref: 500145651

A Compelling Three-Bedroom HDB Haven in Clementi

115 Clementi Street presents a rare opportunity to acquire a generously proportioned public housing unit in one of Singapore's most established and sought-after neighbourhoods. This three-bedroom, three-bathroom residence encompasses 1,550 square feet of thoughtfully planned living space, delivering the kind of breathing room that defines genuine family comfort in today's property market.

Located at Block 115, this HDB flat benefits from decades of neighbourhood maturation and infrastructure development. Clementi has evolved into a vibrant mixed-use district where residential tranquillity coexists with excellent amenities, making it particularly attractive to both owner-occupiers and discerning investors alike. The asking price of S$1,080,000 reflects current market positioning for quality units in this segment, presenting compelling value for buyers upgrading from smaller flats or seeking a long-term residential foundation.

Spatial Configuration and Interior Appeal

The three-bedroom layout has been designed to maximise both functionality and natural light distribution. With three full bathrooms, this unit eliminates the morning scheduling challenges common in many family homes, ensuring each occupant enjoys convenient access to bathing facilities. The 1,550 square foot floor plate allows for a logical separation between living, sleeping, and service areas, supporting everything from home-working arrangements to multi-generational living scenarios.

Internal finishes reflect contemporary preferences, with attention paid to practical features that enhance daily living. The configuration encourages flexible furnishing options and personalisation, whether you favour open-plan entertaining or defined room separation. Natural ventilation and cross-flow air circulation are inherent to the building orientation, reducing reliance on mechanical cooling during off-peak hours and contributing to long-term utility efficiency.

The Clementi Advantage: Neighbourhood Profile

Clementi's reputation as a destination suburb rests on tangible fundamentals. The precinct has attracted sustained residential demand over multiple property cycles, owing to its balanced offering of mature housing stock, excellent public facilities, and economic vibrancy. Schools within walking distance include both primary and secondary institutions of standing, directly supporting the neighbourhood's appeal to young families contemplating long-term settlement.

Retail and leisure options span the spectrum from neighbourhood hawker centres serving affordable daily meals to modern shopping malls offering international brands and F&B concepts. This diversity ensures that residents enjoy authentic local character whilst accessing contemporary conveniences. The neighbourhood's integrated transport planning means that most destinations within Singapore remain accessible within 30 to 40 minutes via public transit, supporting both commuter functionality and lifestyle flexibility.

Investment and Rental Considerations

From an investment perspective, this unit's three-bedroom, three-bathroom configuration positions it firmly within the premium rental segment of the HDB market. Owner-occupiers seeking to offset ownership costs through rental income will find strong tenant demand in this neighbourhood, particularly among expatriate families, young professionals, and upgrade-seekers transitioning between life stages. The spacious layout and multiple bathrooms command rental premiums relative to standard two-bedroom configurations, supporting potential cash flow returns for buy-to-let investors.

Historical rental data for comparable units in Clementi suggests monthly rents in the region of S$3,500 to S$4,200 depending on internal condition and specific floor location. This would imply gross rental yields approximating 3.8 to 4.7 percent on the purchase price before accounting for property tax, maintenance contributions, and management expenses. Whilst these returns remain modest relative to equity markets over extended periods, they provide defensive income characteristics and capital preservation benefits inherent to Singapore real estate ownership.

Market Positioning and Comparative Analysis

At S$1,080,000 for 1,550 square feet, this unit trades at approximately S$697 per square foot. Recent HDB transactions in Clementi for comparable three-bedroom flats have ranged between S$650 and S$750 per square foot, depending on unit age, floor level, and internal condition. This pricing sits within the contemporary market range, positioning the property competitively without suggesting either oversupply desperation or speculative premium pricing.

Other three-bedroom HDB options in the immediate vicinity typically require accepting either smaller floor areas, fewer bathrooms, or less desirable stack positions. The 1,550 square foot footprint therefore represents genuine scarcity value, as many 1980s and early 1990s three-bedroom designs measured closer to 1,350 to 1,400 square feet. This additional space commands justifiable price premiums in the current market environment.

Ownership Structures and Buyer Suitability

For first-time homebuyers, this unit appeals most strongly to those completing their 35-year-old public housing eligibility window or purchasing directly from the Housing and Development Board rather than the resale market. The spacious layout provides abundant room for household expansion, whether through marriage, children, or multi-generational arrangements. First-timers must satisfy income requirements and navigate standard HDB financing procedures, but their debt service coverage ratios typically remain well-supported at this price point given standard banking practices around loan-to-value ratios and housing loan caps.

Upgraders represent the natural buyer cohort for this property. Households outgrowing two-bedroom units or seeking enhanced bathroom facilities find this configuration ideally calibrated. Many upgraders maintain their previous unit as a rental property, benefiting from portfolio diversification and inflation hedging through long-term real estate appreciation. The psychological transition from upgrading within the HDB ecosystem versus purchasing private residential property represents an important consideration, with HDB ownership remaining fundamentally more affordable and predictable than private sector counterparts.

High-net-worth individuals purchasing HDB property represent an unusual profile but do exist, typically motivated by portfolio completeness, heritage preservation, or family estate structures. For such buyers, additional buyer's stamp duty implications apply only if acquiring a second or subsequent property, triggering marginal rates between 15 and 20 percent on transaction value depending on existing holdings. This consideration remains relevant only if 115 Clementi Street represents additional real estate acquisition rather than primary residence replacement.

Financing Headroom and Affordability Metrics

Standard HDB financing at this price point typically supports loan amounts up to S$720,000 assuming maximum loan-to-value ratios of approximately 75 percent and assuming the purchaser satisfies all eligibility criteria. This implies required cash deposits of roughly S$360,000, with stamp duties and associated costs adding approximately S$40,000 to S$50,000 to the overall capital requirement. Monthly mortgage servicing at current interest rates of approximately 2.6 percent would necessitate loan repayments around S$3,400 to S$3,600 depending on selected tenor.

Total debt service coverage expectations under HDB guidelines suggest that household gross monthly income of approximately S$8,500 to S$9,000 provides comfortable servicing headroom whilst maintaining acceptable housing affordability ratios. Most dual-income households in the upgrader segment exceed these thresholds comfortably, enabling stress-free approvals and expedited settlement. For single-income earners or those with existing loan obligations, the same purchase remains feasible but requires more careful cash flow planning to ensure sustained serviceability throughout the loan term.

Planning Ahead: Future District Development

Clementi's future trajectory suggests continued residential desirability without dramatic redevelopment pressure. The neighbourhood has matured beyond the growth phase typical of newer estates, stabilising around an equilibrium of renewal projects, selective upgrading, and demographic normalisation. The Government's broader planning strategy maintains Clementi as a residential hub rather than pursuing intensive vertical densification, supporting long-term character preservation and property value stability.

Potential transport enhancements, particularly relating to enhanced connectivity via planned rail extensions or bus rapid transit corridors, could generate meaningful uplift in property values through improved accessibility. However, such improvements typically materialise across multi-year timeframes, making them appropriate considerations for investors with extended holding horizons rather than those prioritising near-term capital gains. The underlying fundamentals supporting Clementi demand remain robust independent of speculative infrastructure additions.

Making Your Decision

115 Clementi Street represents a straightforward proposition for the right buyer profile. Three bedrooms, three bathrooms, 1,550 square feet, and established neighbourhood credentials combine to create a property suited to families seeking durable value and practical functionality. At S$1,080,000, the asking price reflects fair market positioning without incorporating speculative premiums or distressed undervaluation. The neighbourhood's maturity, rental appeal, and transport connectivity support both owner-occupation and investment applications with equal conviction.

Frequently Asked Questions

What estimated rental yield could I expect if I purchase this property as an investment?

Based on comparable three-bedroom rentals in Clementi currently achieving S$3,500 to S$4,200 per month, this property could generate gross rental yields of approximately 3.8 to 4.7 percent annually on the S$1,080,000 purchase price. This calculation assumes consistent tenant occupancy and does not account for property tax (approximately S$400 to S$500 annually), maintenance contributions to the block (typically S$80 to S$120 monthly), and potential vacancy periods or tenant turnover costs. The yield profile reflects the defensive income characteristics of HDB ownership in established neighbourhoods, with rental streams proving substantially more stable than newer estates yet offering lower absolute returns than private residential properties commanding premium rents from expatriate tenants.

How does the asking price per square foot compare to recent market transactions in Clementi?

The S$1,080,000 asking price equates to approximately S$697 per square foot for 1,550 square feet. Recent HDB transactions for three-bedroom units in Clementi have ranged between S$650 and S$750 per square foot, positioning this property firmly within the contemporary market range without suggesting either overvaluation or exceptional bargain status. The pricing reflects the quality of the floor plate—the additional 150 to 200 square feet relative to standard 1980s and 1990s three-bedroom configurations commands justifiable premiums, with comparables of similar size and condition trading at similar psf valuations. Historical data suggests this price level represents fair compensation for buyer requirements rather than speculative positioning vulnerable to market correction.

What are the Additional Buyer's Stamp Duty implications if I'm purchasing this as a second property?

Additional Buyer's Stamp Duty (ABSD) applies to all residential property purchases representing a second or subsequent residential holding, with marginal rates commencing at 15 percent of property value for the second property and escalating to 20 percent for third and subsequent acquisitions. For this S$1,080,000 purchase as a second property, ABSD would equate to S$162,000 (15 percent), representing a substantial transaction cost that must be factored into total acquisition expenditure alongside standard stamp duty and legal fees. However, HDB properties benefit from ABSD treatment that considers them separately from private residential holdings, meaning that acquisition of this HDB unit does not trigger ABSD if your existing property constitutes a private residence, and vice versa. The distinction between HDB and private property classifications under ABSD rules requires careful clarification during the purchasing process to ensure accurate cost projections and financing arrangements.

What lease decay and resale value risks should I anticipate with this HDB property?

As an HDB flat, this property technically holds a 99-year leasehold tenure commencing from the original construction date in the early 1980s, implying approximately 60 years of remaining lease at current time. Whilst this lease period remains substantial and sufficient for owner-occupation across most foreseeable life circumstances, properties approaching 80+ year lease milestones do experience measurable resale value compression as buyer pools narrow to those unwilling to accept extended leasehold terms or facing financing constraints from conservative banks. Current lease position presents no immediate concern, but investors should recognise that the property will transition from a 50+ year asset to a 40+ year asset within the next decade, potentially affecting capital appreciation trajectories and ultimate exit valuations for long-term speculators. HDB policies permitting lease-top-ups have been extended to owners of 30-plus-year-old flats, offering some mitigation pathway, though top-up procedures involve government approval, application fees, and extended processing periods that introduce transaction friction and uncertainty.

How does proximity to MRT stations influence this property's demand and long-term capital appreciation prospects?

Clementi's accessibility via the Circle Line MRT station provides connectivity to central Singapore, tech employment hubs in Jurong, and residential destinations across the network, supporting both commuter functionality and broader lifestyle accessibility that underpins sustained property demand. Properties positioned within 400 to 600 metres of MRT stations typically command premium valuations relative to those requiring longer walking distances, as the transport accessibility directly translates to reduced commute times, lower vehicle ownership requirements, and enhanced employment flexibility for multi-earner households. Historical performance data for Clementi properties demonstrates that MRT proximity has supported consistent capital appreciation despite broader market volatility, with transport connectivity representing a durable demand driver resistant to economic cycles. Conversely, further deterioration in MRT reliability or service frequency would directly impact property values, though such scenarios remain unlikely given government investment priorities and operational performance metrics that currently position Singapore's system as world-leading in reliability metrics.

Which buyer profiles would find this property most suitable, and which should exercise caution?

Upgrading households transitioning from two-bedroom flats to three-bedroom configurations represent the ideal buyer cohort, as this profile achieves optimal alignment between space requirements, financial capacity, and lifestyle aspirations without requiring equity realisation from previous properties. Young families with one or two children seeking long-term owner-occupation benefits from the spacious configuration, abundant bathroom facilities, and neighbourhood amenities including schools and family-oriented retail precincts. First-time buyers approaching completion of their eligibility windows for direct HDB purchases may find this property attractive if existing financial resources support the deposit requirement and ongoing servicing obligations. Conversely, owner-occupiers seeking sub-S$900,000 budget points should recognise that further value declines represent uncertain prospects in a neighbourhood displaying sustained demand fundamentals, whilst investors requiring gross rental yields exceeding 5 percent annually would find higher-yield opportunities in new private residential launches or alternative asset classes. High-net-worth individuals should carefully evaluate ABSD implications and opportunity costs relative to private residential alternatives offering superior tenant quality and rental upside.

What TDSR ratios and financing headroom should I anticipate at this S$1.08M price point?

Standard HDB financing policies cap loan-to-value ratios at 75 to 80 percent depending on borrower age and household structure, implying loan amounts up to approximately S$720,000 on this S$1,080,000 purchase and requiring minimum cash deposits of S$360,000 plus transaction costs. Debt-to-service-coverage ratios under HDB assessment frameworks typically mandate that monthly mortgage payments not exceed 30 percent of gross household income, translating to required household income of approximately S$8,500 to S$9,000 monthly to support comfortable servicing at current interest rates of 2.6 percent. Most dual-income households in the upgrader segment exceed these thresholds substantially, providing significant serviceability headroom and stress-test resilience in scenarios involving temporary income disruption or interest rate normalisation. Single-income earners or those carrying existing debt obligations should model servicing scenarios incorporating potential interest rate increases to 3.5 to 4.0 percent to ensure acceptance of realistic adverse scenarios, whilst borrowers approaching retirement should recognise that loan tenors approaching 30 years extend well into pension periods and may constrain future flexibility around early mortgage redemption or additional leverage.

How does this property compare in value and positioning relative to nearby competing HDB developments?

Three-bedroom HDB units within Clementi and neighbouring West Coast districts demonstrate considerable variation in configuration, age, and internal condition that significantly influence pricing despite geographic proximity. Comparable units in the immediate vicinity constructed during similar periods typically trade between S$1,000,000 and S$1,150,000 depending on exact floor location, stack position relative to views or noise sources, and internal renovation condition. Properties with additional amenities such as corner stacks or notably higher floors often command S$50,000 to S$100,000 premiums, whilst units affected by lower-level positioning or proximity to heavy commercial zones trade at discounts reflecting realistic occupier preferences. The S$1,080,000 asking price positions this unit competitively within this spread without suggesting either exceptional value or speculative pricing, with differentiation ultimately determined by specific site visits, unit condition assessment, and buyer-specific preferences around factors such as floor level, view characteristics, and renovation requirements. Investors should conduct targeted comparisons of recent sold units rather than relying on asking price indicators, as negotiation windows frequently exist for motivated sellers or properties with extended on-market exposure.

Which unit stack positions or floor levels within this block offer superior value and long-term capital appreciation prospects?

Within typical HDB block configurations, middle-stack units (occupying stacks 5 to 12 of 15-stack blocks) generally command optimal pricing equilibrium, as they avoid the premium premiums associated with corner stacks and higher-floor units whilst also escaping the noise and vibration impacts of lower floors positioned immediately above ground-level commercial spaces or major roads. Similarly, units positioned on floors 8 to 15 typically attract stronger buyer interest and command modest premiums relative to lower-floor equivalents, reflecting preferences for natural light maximisation, reduced street-level noise ingress, and psychological preferences around elevation and security perceptions. Units positioned on the highest floors frequently incorporate additional premiums of S$40,000 to S$100,000 reflecting unobstructed views and enhanced privacy characteristics, though these premiums compress substantially in scenarios where extended lease periods make the property less attractive to later-stage investors. Units facing major roads or situated directly above hawker centres or food courts experience noise considerations that typically justify discounts of S$30,000 to S$80,000 relative to quieter stack positions, representing meaningful opportunities for budget-conscious buyers willing to tolerate acoustic characteristics. Site-specific investigation during property visits remains essential to accurately assess stack positioning relative to environmental factors such as adjacent commercial facilities, major thoroughfares, and shade-producing structures that influence long-term livability and capital value.

What future supply pipeline developments in this district could influence property values and investment returns?

Clementi's future trajectory suggests continued maturation as an established residential neighbourhood rather than major intensification or comprehensive redevelopment programmes typical of newer growth corridors. Potential Government initiatives may include selective upgrading programmes through schemes such as the Home Improvement Programme targeting blocks constructed during the 1980s and early 1990s, which could deliver modest amenity enhancements and psychological value uplift without materially altering property supply or demand dynamics. Transport enhancements potentially including improved bus rapid transit connectivity or enhanced feeder services to MRT stations could generate incremental value uplift through improved accessibility, though such initiatives typically require multi-year delivery timeframes and remain subject to budgetary prioritisation uncertainties. New private residential developments in adjacent Jurong and West Coast precincts may create marginal competitive pressure for rental tenants and upgrading buyers seeking premium specifications, though the affordability differential between private and HDB options typically ensures continued demand segregation. The most probable scenario involves gradual property value appreciation reflecting inflation, sustained neighbourhoodddemand fundamentals, and selective improvements in transport and amenity infrastructure rather than speculative value acceleration, making this property suitable for buy-and-hold strategies emphasising stability over rapid capital gains.

3-Bed HDB at 115 Clementi Street | S$1.08M | 1,550 sqft