Type

Units

Min Area

Price Range

Studio

120 sqft

S$800/mo

Other

120 sqft

S$800/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently start from S$800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.
Located 9 min (740 m) from NS13 Yishun 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.

296 Yishun Street 20: A Resale HDB Opportunity in Yishun

296 Yishun Street 20 represents a notable opportunity within Singapore's mature HDB resale market, offering practical residential units in one of the island's established northern districts. Located in Yishun, a neighbourhood characterised by comprehensive infrastructure and community amenities, this development continues to attract both owner-occupiers and investors seeking accessible housing in the North Region. The development's positioning in an established precinct with mature facilities distinguishes it from newer Build-To-Order projects, appealing to buyers prioritising immediate occupation and established neighbourhood character.

The property benefits from proximity to NS13 Yishun MRT Station, situated approximately 9 minutes' walk away at a distance of roughly 740 metres. This accessibility to the North-South Line provides efficient connectivity to central business districts, major employment hubs, and educational institutions across Singapore. MRT access historically correlates with stronger capital appreciation potential and rental demand for HDB units, as proximity to mass rapid transit increases the development's appeal to a broader pool of buyers and tenants. The station's connectivity to key nodes including Marina Bay, Raffles Place, and the CBD makes this location particularly attractive for working professionals seeking convenient commuting options.

Property Specifications and Layout

The units at 296 Yishun Street 20 feature compact floor areas of approximately 120 square feet, characteristic of HDB flats designed for efficient, functional living. These dimensions are typical of compact HDB units, making them particularly suitable for first-time buyers, young professionals, or investors seeking entry-level rental properties in accessible locations. The efficient layouts maximise usable space whilst maintaining practical living standards, reflecting contemporary HDB design philosophy that balances affordability with livability. Such compact configurations often achieve higher rental yields per dollar invested, particularly in neighbourhoods with strong MRT connectivity and working-population density.

Neighbourhood and Amenities

Yishun has matured into a well-developed residential district over several decades, offering residents comprehensive facilities and services. The neighbourhood includes a range of shopping centres, hawker complexes, community centres, and healthcare facilities that cater to everyday living needs. Educational institutions, including primary schools and secondary schools, are distributed throughout the precinct, making the area appealing for families. The presence of established public amenities, polyclinics, and recreational facilities contributes to Yishun's appeal as a self-contained community, reducing dependency on travel to other districts for essential services.

Resale Market Dynamics

As a resale HDB property, 296 Yishun Street 20 operates within Singapore's mature housing market, where transaction volumes and price benchmarks are well-established. Resale HDB units typically offer greater variety in unit types, stack positions, and floor levels compared to new projects, allowing buyers to select properties aligned with their specific preferences and investment criteria. The transparent pricing history in mature precincts like Yishun provides investors and owner-occupiers with reliable data for comparative analysis and valuation purposes. Market sentiment towards resale flats in well-connected locations remains generally positive, supported by consistent demand from upgraders and investors targeting proven neighbourhoods with established amenities and transport networks.

Investment Considerations

Buyers evaluating 296 Yishun Street 20 for investment purposes should consider the development's position within Yishun's rental market landscape. The proximity to Yishun MRT Station enhances rental appeal, particularly for working professionals and students seeking affordable accommodation with convenient transport access. Compact units like those at this address typically attract a broad rental demographic, including young professionals, expatriate workers, and students attending institutions across Singapore's CBD and east region. The established nature of the neighbourhood and mature rental market provide reasonable predictability for tenant demand and rental rate trajectory.

Second property buyers should be aware of the Additional Buyer's Stamp Duty (ABSD) implications, which imposes a 20% stamp duty on the purchase price for a Singapore Citizen's second residential property. This significant cost addition must be factored into the total acquisition expense and return calculations for investment purposes. Total acquisition costs for second properties in this price band will typically range from 21% to 24% of the purchase price when accounting for ABSD, legal fees, and survey costs, requiring adjustment of expected yields and cashflow projections accordingly. First-time buyers remain exempt from ABSD, making this a considerably more cost-efficient entry point for owner-occupiers purchasing their first property.

Financing and Affordability

The accessible price point of units at 296 Yishun Street 20 positions them favourably within the financing framework for first-time HDB buyers and upgraders. Mortgage eligibility under HDB financing schemes allows qualified buyers to borrow up to 80% of the purchase price, though Total Debt Servicing Ratio (TDSR) limits cap monthly debt obligations at 60% of gross monthly household income. At typical price points for compact HDB units in this location, financing requirements remain manageable for employed professionals with moderate incomes, supporting accessibility for a wide buyer demographic. The property's position as a resale flat means buyers can leverage existing housing loan schemes and established HDB financing pathways without waiting for new project launches.

Market Positioning and Comparison

Within Yishun's broader HDB landscape, 296 Yishun Street 20 competes with other resale units across the district, differentiated by specific stack positions, floor levels, and unit configurations. Nearby Yishun HDB developments offer comparable properties at various price points, creating a competitive resale market where location within the estate, orientation, and floor level significantly influence value. The development's established position within Yishun's mature housing stock provides buyers with extensive comparable sales data for benchmarking and confident purchase decision-making. Properties with direct MRT proximity or advantageous stack positions typically command modest premiums, whilst units on higher storeys or with preferred orientations attract corresponding pricing adjustments reflecting buyer preferences and rental demand patterns.

Long-Term Market Outlook

Yishun's established infrastructure and mature community character position the district favourably for long-term capital appreciation and rental stability. Singapore's demographic trends favour mature precincts with established amenities and comprehensive public transportation, supporting sustained demand for resale HDB units in well-connected locations. The North-South Line's consistent utilisation and ongoing importance to Singapore's transport network reinforce the lasting value of MRT accessibility. As new HDB supply in Singapore remains concentrated in outlying Expansion Areas, mature districts like Yishun maintain competitive positioning through superior amenity maturity and immediate occupancy availability, factors that historically support steady resale values and rental demand.

296 Yishun Street 20 represents a practical option within Singapore's HDB resale market for diverse buyer profiles seeking established neighbourhood character, MRT connectivity, and accessible entry pricing in the North Region.

Frequently Asked Questions

What rental yield can be expected if 296 Yishun Street 20 is purchased as an investment property?

Compact HDB units at 296 Yishun Street 20 typically achieve gross rental yields in the region of 3% to 4% annually, depending on specific unit configuration, floor level, and current market rental rates for comparable properties in Yishun. The proximity to Yishun MRT Station enhances rental demand, particularly among working professionals and students seeking affordable accommodation with efficient commuting access to employment centres and educational institutions across the island. Actual yields will vary based on the specific purchase price and achievable rental rates at the time of acquisition; units with preferred orientations or floor levels may command marginally higher rents, whilst lower storeys may attract slightly softer rental rates. Second property buyers should ensure yield calculations account for the 20% Additional Buyer's Stamp Duty, which materially reduces net investment returns and extends the payback period compared to owner-occupier purchase cases.

How does 296 Yishun Street 20's pricing compare to recent per-square-foot transactions in the Yishun area?

Per-square-foot pricing for resale HDB units in Yishun has historically ranged from approximately S$6,000 to S$8,500 psf depending on unit size, floor level, and proximity to MRT stations, with compact units like those at 296 Yishun Street 20 typically occupying the lower-to-middle segment of this range. Recent transaction data in Yishun indicates that units within 10 minutes' walk of NS13 Yishun MRT Station command modest premiums over those in peripheral estate locations, reflecting the clear valuation premium attached to mass rapid transit accessibility. The actual psf price realised at 296 Yishun Street 20 will depend on the specific floor level, stack position, and unit configuration, with higher storeys and units featuring preferred orientations typically achieving pricing at the upper end of the local range. Prospective buyers should review recent comparable sales data through HDB transaction records to validate current market pricing at this development and identify any stack-specific premiums or discounts reflecting buyer preferences.

What are the Additional Buyer's Stamp Duty implications for second property buyers at 296 Yishun Street 20?

Singapore Citizens purchasing a second residential property at 296 Yishun Street 20 will incur Additional Buyer's Stamp Duty at the rate of 20% on the purchase price, a material cost addition that significantly impacts investment returns and total acquisition expense. For a second property purchase at this development, total stamp duty liability will comprise the standard conveyancing duties plus the 20% ABSD, resulting in combined stamp duty obligations typically ranging from 8% to 9% of the purchase price depending on the exact unit value. This substantial ABSD cost must be carefully factored into investment analysis, as it materially extends payback periods and reduces net yields; investors should model scenarios comparing ABSD costs against potential capital appreciation and rental income to determine investment viability. First-time property buyers remain entirely exempt from ABSD, positioning owner-occupiers purchasing their first property at a significant cost advantage over investors, with total acquisition costs ranging from 4% to 6% of purchase price compared to 21% to 24% for second property purchasers.

How does lease tenure affect resale value and long-term appreciation potential at 296 Yishun Street 20?

HDB leasehold units at 296 Yishun Street 20 operate under 99-year lease tenure from the date of original sale, a standard HDB lease term that has established itself as the market norm for public housing in Singapore. Properties with significantly degraded leasehold tenure—typically below 70 years remaining—experience accelerated value decay, as financing becomes increasingly restricted and rental appeal diminishes; however, recently transacted resale units at 296 Yishun Street 20 should possess sufficient lease remaining to support normal financing and resale pathways. The HDB Lease Buyback Scheme provides an available mechanism for extending leasehold tenure in the later stages of 99-year leases, though uptake remains limited and scheme terms evolve periodically; this pathway provides some lease extension optionality, though it does not eliminate the systematic value impact of lease decay over extended holding periods. Long-term capital appreciation prospects remain reasonable for units with adequate remaining lease tenure, particularly given the established neighbourhood characteristics and MRT connectivity; however, investors must recognise that lease decay constitutes a systematic long-term headwind to values, and properties should ideally be recycled within 20 to 25 years of original lease commencement to avoid the steeper decay curves that emerge in the final decades of 99-year terms.

How does proximity to Yishun MRT Station affect demand and capital appreciation for properties at 296 Yishun Street 20?

Proximity to NS13 Yishun MRT Station—approximately 9 minutes' walk away—materially enhances demand for residential properties at 296 Yishun Street 20 by reducing commuting friction for working populations across Singapore's major employment nodes. MRT accessibility has historically demonstrated strong correlation with both capital appreciation and rental value for HDB units, as mass rapid transit dramatically expands the effective catchment of potential buyers and tenants whilst reducing dependency on private vehicle ownership. The North-South Line's significance as a primary arterial transit corridor connecting the CBD, east coast, and central regions reinforces the enduring strategic value of Yishun MRT connectivity; this established importance to Singapore's transport network underpins sustained demand for properties in the Yishun precinct relative to non-MRT-accessible HDB estates. Research on historical HDB transaction patterns indicates that units within direct MRT walking distance typically achieve 5% to 15% valuation premiums compared to comparable units in peripheral locations; this premium has proven relatively resilient across market cycles, suggesting that MRT accessibility constitutes a durable value attribute unlikely to depreciate over extended holding periods.

Is 296 Yishun Street 20 suitable for first-time property buyers, upgraders, or investors?

296 Yishun Street 20 presents meaningful opportunities for first-time property buyers seeking affordable entry into home ownership with established neighbourhood infrastructure and MRT connectivity, offering substantially lower ABSD costs compared to investor purchases and aligning with the HDB priority lending framework designed to support owner-occupier acquisition. For upgraders trading up from smaller HDB units or executive condominiums, the compactness of units at this address may represent a lateral move rather than an upgrade unless specifically seeking to shift from the private sector to the HDB market or to access superior MRT connectivity; upgraders should carefully evaluate whether the unit size, configuration, and location align with their expanded household needs. Investors evaluating 296 Yishun Street 20 will find the development attractive for its MRT accessibility, established rental market, and transparent pricing history, though investment returns must account for the substantial 20% ABSD cost and the need to secure 60% down payment from personal resources under ABSD-affected financing constraints. Each buyer profile should assess the development against their specific objectives: first-timers gain affordability benefits; upgraders obtain connectivity and established amenities; investors access mature market depth and rental predictability despite elevated acquisition costs.

What TDSR and financing headroom apply to typical price points at 296 Yishun Street 20?

HDB financing for owner-occupiers at 296 Yishun Street 20 permits borrowing up to 80% of purchase price with repayment terms extending to 25 years maximum, subject to satisfying the Total Debt Servicing Ratio (TDSR) ceiling of 60% of gross monthly household income. At typical price points for compact HDB units in this location, down payment requirements for owner-occupiers generally range from 10% to 20% of purchase price, positioning the development within reach of first-time buyers with modest accumulated capital and stable employment income. TDSR calculations for properties at this price level typically result in acceptable financing headroom for employed professionals with household incomes exceeding S$4,000 to S$5,000 monthly, enabling conventional debt servicing without material constraint; however, self-employed individuals or those with irregular income patterns may encounter tighter TDSR constraints and should model specific income documentation requirements with HDB before committing to purchase. Second property buyers operating under private sector financing (HDB does not provide mortgages for second property purchases) will face more stringent lending criteria, mandatory 60% down payment requirements, and elevated interest rates compared to owner-occupier mortgages, meaningfully increasing monthly financing costs and reducing investment returns; such buyers should verify lending eligibility and interest rate offerings from financial institutions before proceeding with acquisition planning.

How does 296 Yishun Street 20 compare to competing HDB developments in the Yishun area?

The Yishun precinct encompasses multiple HDB developments spanning several decades of construction, including mature estates like Yishun Ring Road and newer precincts, offering prospective buyers a range of architectural styles, unit configurations, and amenity access within the same neighbourhood. 296 Yishun Street 20 competes directly with other resale units across Yishun's varied housing stock, with comparative values influenced by specific floor levels, stack positions, and unit configurations rather than wholesale estate-level differentiation; newer developments within Yishun generally command modest premiums reflecting updated building systems and finishes, whilst older units often present value advantages and established community character. Properties in Yishun located within direct MRT walking distance (approximately 700–800 metres from NS13 station) typically achieve pricing premiums of 3% to 8% compared to comparable units in peripheral estate locations, positioning 296 Yishun Street 20 competitively within this MRT-proximate segment. Prospective buyers evaluating 296 Yishun Street 20 against competing Yishun developments should prioritise transaction data from comparable units in the same block and adjoining precincts, as stack-specific and floor-specific premiums often exceed broader estate-level price variations; engagement with recent transaction records from HDB databases enables precise comparative positioning and confident valuation assessment.

Which unit stack or floor level at 296 Yishun Street 20 offers the best value?

Unit value optimisation at 296 Yishun Street 20 depends on balancing buyer-specific preferences against market pricing premiums; higher floor levels (storeys 10 and above) typically command premiums of 2% to 6% due to preferred views, reduced noise exposure, and psychological appeal, whilst lower floors may offer value advantages particularly for elderly occupants and families with young children preferring proximity to ground-level access. Stack position significantly influences value, with corner stacks and stacks offering preferred orientations (north-facing or east-facing exposure providing better light and cooling properties) typically achieving pricing premiums of 1% to 4% compared to interior stacks; buyers valuing natural light and cooling efficiency may justify paying modest premiums for these positions, whilst value-conscious purchasers can access modest savings by accepting interior stack positions. Mid-storey units (approximately storeys 5 to 10) frequently offer optimal value positioning, combining reasonable premiums for floor level against more moderate pricing than ultra-high storeys whilst providing practical access without substantial walking distance; such units appeal to broad buyer demographics and historically demonstrate faster absorption in resale markets. Individual buyers should evaluate specific unit stack orientations and floor levels against their personal preferences and local comparable sales data, recognising that transaction history for the specific stack and floor range will provide the most reliable valuation guidance rather than generalised estate-level pricing.

What is the future supply pipeline and district development outlook for Yishun?

Yishun's established position as a mature HDB district means primary future housing supply within Singapore will concentrate in designated Expansion Areas and planned Growth Areas rather than Yishun, supporting sustained demand for resale properties in this established precinct as newer developments become available only in peripheral locations. The Urban Redevelopment Authority's planning framework positions Yishun for selective rejuvenation focused on amenity enhancement and selective infill development rather than wholesale residential redevelopment, meaning the neighbourhood will likely retain its established character and existing housing stock for the foreseeable future. Infrastructure investment priorities within the North Region show continued support for transport connectivity via MRT network maintenance and selective enhancement, reinforcing the enduring transport accessibility benefits that have established Yishun's value proposition; no major disruptions to the North-South Line connectivity are anticipated, underpinning the stability of MRT-based value premiums. The relative shortage of new HDB supply in mature, MRT-connected precincts like Yishun—contrasted against steady population growth and housing demand—creates structural demand dynamics favouring resale values in this district; this supply-demand imbalance has historically supported steady long-term appreciation in established HDB precincts despite periodic market cycles, positioning 296 Yishun Street 20 within a district benefiting from constrained new supply and sustained demand from multiple buyer cohorts.

296 Yishun Street 20 — From S$800